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201209535 continue to pay to Lender the amount of the separa[ely desi�nated payments that were due when the incurance covera�c ceased to be in effect. I.ender will accept, use and retain these paymznts as a non-refuudable loss reserve in lieu of Mortgage[nsurance. Such loss reserve shall Ue non-refundable, notv✓ithstanding the fact that the Loan is ultimafo]}r paid in full, and Lender shall not be required to pay Boaower any interest ar earuings on such loss reserve. Lender can no longer require]oss reser�e payments if Mortgage Insurance coverage(in the amount and for the period that Lender requires)provided by an insur� selected by Lender again becomes available, is oUtained, and Lender requires separately deslgna#ed paymenls toward the premimns for Mortgage Insurance. IP Lendcrr required Mortgage Insurance a,a condition of making the Loan and Borrowcr�vas required ta make separately designated payments toward the preiniums for Mortgage Insurance, Borrower sfiall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until I,ender's requirement for N1or[gage Insurance ends in accordance with any written a�eement between Borrower and Lender pro�iding for such termuiation or until tennination is required by Appficable Law. Nothing In this Section 10 affects Barrower's obligation to pay inteaest at the rate psovided'vi the Note. Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain losses if may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mort,gage Insurance. Mortgage ins�ers evaluate their Yotal risk on alI such instuance tn forbe from gme to time, and may enter into agreements with other parties that share or modify their risk or reduce losses. These agreements are on ter�s�s and conditiQns that aze satisfactory to the mortgage tnsurer and the other pazty(or parties)to these agreements. These agreements inay require the mortgage insurer to make payments using any source of Punds that the mortgage insarer may have available(wluch may include funds obtuned from Mortgage Insurance premiums). As a result o£these agreements, Lender, any purchaser of the Note; another insurer, any reinsurer, any other entity; or any affiliate of any of the foregoing, may receive(directly or indirectly) am�mrts that derive from (or might be chazacterized as) a portion of Borrower's payinents tor Mortgage Insurance, in exchange for sharing or modifying tY�z mortgage insurer's risk, or reducing losses. If sucli agreement provides that au affiliate of Iznder takes a share of the insurer s risk in eYchange for a sh��e oP the premiwns paid to the insurer, the azrangemeni is often termed"captive reinsurance." Further: (0� Any such agreements will not affeet the amounts that Borrower has agreed to pay for Mortgage Inse�rance, or any ofher terms of the Loan. Such agreemenEs will not inerease the amoimt Borrower wiIl owe for Mortgage Ineurance, and tliey wiIl not enfifle Borrower to any refund. (b) Any such agreements will not xffeet the rights Borrower has-if any-with respect to the Mortgage Insurance under the Homeowners Frotection Act of 1998 or any other law. These rights may inchide the right to receive certain disciosures, to request and obtain cancellakon of the _Nlortgage dnsurance, to have the Mortgage Insnrance tcrminated automaticxlly, and/nr to receive a refund of any Martgagc Insarance premi�s 4hat were uneu-ned at the time of such cancellation or terminafion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscetlaneous Procee�3s aze hereby assigzed co a�d shall be paid to Lender. If the Properry is damaged, such Miscellaneous Proceeds shall be applied to restoration or re�air of the Property, if the restorafion or repair is economically feasible and Lender's security is not lessened. During such repair and restorafion period, Lend� shall have the right to hold sueh Miscellaneous Proceeds until Lender has had an opporiunity to inspect such Properry to ensure the work has becn completed to I,ender's 24002i32 NEBR4SKA-Single Family-Fannie I+IaelFreddie Idac UNIFORM INSTRUMENT Forn 3028'1101 VM P� VMP6(NE)(1105) 1Volfers Kluw u Financial Services Page 9 of 1]