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201209694 continue io pay to Lender the amount of the senarately design,ated pa}�ments that were due wnen the insurance coverage ceased to be in effect. Lender v✓ill accept, use and retain these paymenis as a non-refundable loss reserve in licu of Mortgage Insurance. Such loss reserve shall be non-refundable. notwithstanding the iact that the i,oan is ultimately paid in fiill, and Lender shall not be required io pay Borro�ver any interest or eaznings on such loss rescrvc. Lender can no longer requiue loss reserve pa�wents if Mortgage Insusance coverage(in the amount and for the period that Lender requires)providcd by an insurer selected by Lender again becomes avvlable, is obtained, and Lender requires sepazafely d�ignated pa}nnents toward the prexniwns for Mortgage Insurance. If Lender required Mortgage Insurance as a condirion of making the Loan and Bo�ower was Tequired to make separately designated paytnents toward ihe premiums for Mortgage Insurance, Borrower shall pay the premiums requued to maiutain Mortaane Insurance in effecf, or to provide a non-refundable loss reservc, unril Iznder's requirement for Mortgage Insurance ends in accordanec witli auy written agreement between Borrower and Lendcr providing for such termination or until terminTr;on is requued by Applicable Law. Nothing in this Section 10 affects Baaower's obligation to pay interest at the rate provided in the iVote. Mortgage Insurance reimburses Lenfler(or any entity fhat purchases the Notej foz certain losses it may incur if Borrower does not repay the I,oan as agraed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaivate their total tisk on all sudi ins�ixance in force from rime to Yime, and may enter into agreements wtth other partieS tha#share or modify their i3sk, oi reduce]osses. These agreeffients aze on tem�s and conditions that are satisfactory to the mortgage insurer and Lhe ofher party(or parties)to these agreeweats. These agreements may xequire the mortgage insiaer to make payments using any source of funds that the mort�age insurer�nz.y haue available(wluch may mclude funds obtained from Mortgage Insutanee premiumsj. As a result of these agreements, Lender, any purchaser of the Note, anothet insurer, any reinsc�rer, any other entity, ox any affiliate of any of the foxegoing, may receive(dixectly or indirecfly) amounts that derloe from (or mighi be characterized as) a portion of Bonowei s pa}nnents for Mortgage Insurance, in exchange fo.- shazing or moclifying the mortgage insurer's risk, or reducing los�es If such a�-cetnent provides that an affiliate of Lender takes a share of the insurer's risk in exchan�e for a share of the premiums paid to the insurer, the arrangement is often termed"captive reinsurancc;." Further: (a) Any such agreements well not affect the amonnts that Borrower has agrced to pay for Mortgage Insurance, or any pther terms of the Loan. Such agreements will not increase the amount Borrower will owe for DZorfgage lnsurance, and they will not en&tle Borrower t� any refund. (b) Any such agreements will uot affect the rights Borrower has-if any-with respec[to tlte Vlortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights maS include the right to receive certain disclosures, to request and obtain cancellafion of the Mortgage Igsnrxuce, to kave the Mortgxge I�sSurance ter�ninated anYomakeze7ty, and/or to receive a refund of anv i�'Iortgage Insnrance premiums that were unearned at the time of such cancellafion ur termination. 19. Assignment of M iscellaneous Proceeds; ForFeiture. All Miscellaneous Proceeds aze hereby a,sia ed to and shall be paid to Lendcr. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Proneriy, ;f the restorarion or repair is economically feasiUle and Lender's security is not lessened. Diu-ina such repair and restorarion period, Lender shall have the right ro hold sueh Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been eompleted to Lend�'s zaooz�ss NEBRASKA-Single Fam ity-Fannie W ae/Freddie M ac LLNIFORtd WSTRUM ENT Form 3028 1/01 VM P� ViN P6(NE)(1105) N'olters Kluwef Plnanclal Services Pzge 9 ot 1]