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201209436 continue m pay to Lender the amount of the separately designated paymen[s that were due when the insurance wverage ceased ro be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact[hat the Loan is ultimately paid in full, and Lender shall noi be required [o pay Borrower any interest or eamings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance wverage(in the amount and for the period that Lender requires)provided by an insurer selected by Lender again betomes available, is obtained, and Lender reyuires separa[ely designazed payments towazd the premiwns for Mor[gage Insurance. If L.ender required Mortgage Insurance as a condition of making the I.oan and Borrower was required to make sepazately designated payments towazd the premiums for Mor[gage Insurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or ro provide a non-refundable loss reserve, until Lender's requiremen[ for Mortgage Insurance ends in accordance with any written agreement between Bonower and Lender providing for such termina[ion or until termination is required hy Applicable Law. Nothing i�this Section 10 affec[s Borrower's obligation to pay interes[at the rate provided in the Note. Mortgage Insurance reimburses L.ender(or any entity[ha[purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borsower is not a party to the Mortgage[nsurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties[haz share or modify their risk, or reduce losses. These agrezments are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties)ro these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate oF any of[he foregoing, may receive(directly or indirecdy)amounts that derive from (or migh[be chazac[erized as)a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a shaze of the insurer's risk in exchange for a share of[he premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) Any such agr�ments will not affect the amounfs that Borrower has agreed to pay for Mortg�ge Insurence, or any other terms of the Loan. Such agrcements will not increase the amaunt Borrower will owe for Mortgage Insurauce, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has-if any -with respect to the Mortgage Insurance under the Homeowners Protectiou Act of 1998 or any other law. These rlghts may include the right to receive certain disclosureR, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to r�eive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or terminallon. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned ro and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied ro res[orazion or repair of the Property, if the restoration or repair is economically feasible and L.ender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to L.ender's NEBRASKA-Single Femily-Fannie Mae/Fretltlie Mac UNIFORM INSTFUMENT Form 3028 1/01 VMP� VMPB�NE�(1105�.00 Woltere Kluwer Financial Servicas Page 9 of 17