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201210448 continue to pay to Lenclex the amount of the separately design2ted pzryma�rts that were due when t1�e in,surance coverage ceayed to Ue in effect. Lender will accepY, use And retain Lhese paymcnts as a non-ref�mdable loss resc�ve in lic�i of Mortgage[nstivance. Such Ioes reserve shatll lle non-refun�nble, notwithsCancling the Pact that the Loan is ulCimaticly paid in full, a��d l,ender s1�a11 not be reqaired to p�y Borrower nny interest or earnings on such loss reaerve. Lender cati no longar require lass reserve��a}nnents iFMoi�gage Iusurfuice ooverage(in the�mounY nnd for the period fliat Lender rcquirc;s)provided by a�i iusua•er selected by Lender again Uecomes availaUla, is obtained, and Leuder requires separltely de,signated payments Eow�rd the prcmiutns for Mortgagc Insurance. [f I.euder required MorCgage Insivance As a condiGon of making the Loan and Borrower was reqiiired ta m�ke scparataly desi�iated paymente toward the preuuwns for Mortg�ge Lisurance, Borrower shall pay tlie preiniums requiced Co maintain Mortgago Ineuttuice in e.CCeuC, or 6o pr�vide tt nuu-refundablc loas reseivn, ttntil Lcnder's requirement for Mortga�ge Insuranee ends ui accordance with any written agreement between Borrower and I,endcr proviJing for such tennination or ttntil tetmination is required by Appllcable Law. Notlring in this Section 10 affects Borre�wer's obligation li�pay intcrest at thc i�ate providcd in thc Note. Mortgage Insurance reimbw�ses I.ender(or any entity that purchases Che Note)f'or certain loeses it ma�y ineur if Borr�wer cioes noL rcpay tl�c Loan as agrecd. Borrower is not a parry to the MorCgage Insurauce. Nlortgage 'rnsurers evaluate their total rielc on all such 'visurance in force li om time to time, and may enter ii�l�o agreemenCs wilh other parties Lha[shu�e or modify their r'vrtk, c�r raiuco losses. "Chese agreements are on terins and condiYions that ue satisfactory to Yhe mortgage insLirer and the other parly (or par�ies) Co thesc agreements. "fhu5e agree�nents inay require fl�e�nortgage insurer to inake paymants using any source of fimds Chat lhe mosCga,ge insucer n�ay haue av2ileble (which may includo flmds obtained from Mortga�ge Insm'ance premiums). As a result of theae�greements, Lender, any purchaser of the NoCe, anoCher ineuror, any rcinsurer, any oUaer entity, or any atfiliate oP any of the foregoing, may receive(directly or indireetly) amounla Chat dorivo frorn (or inight Ue characterized as) a porCion oF Borrower's payuieuGs f'or Mortgage Insuranee, in exchange for shaiing or modif}�i�ig tlta mortgage insurer',s rislc, or reducing losses. If suoh agreeinenti providea thflt an affiliaCe of Lender Cakes a share oP Che insL�rer's rislc in exohango for a share of the premiums paid to the ineureL, the arrazigement is often termed "capEive reinew•ance." Pureher: (d) Any such agreements Will atut xYfect the auno�mt8 that Borrower hxe ngrcod to pay for lYIortgnge Insm�nnce, or xny oClter Cerms of the Loan. Snch agreement5 will ttut inm•ease tlie ;�molmt Barirowcr will owe for 1Vlortgagc Ins�u�ance, and tl�ey will not entitle Borrower Co any ret`m�d. (b) Any snch a�reaments will not affect tlie righYs Borrower lias-if any-wiCh respecC fo the Mm•tgage Insm•a�rce mider the Fiorncowncr•s Protcction Act of 1998 or nny otlier law. Tliese rights inay include the right to receive cerf.ain disclosr�res, to reqaest xnd obt�iu canccllaEion of tlie Mortgage L�snrance, to linve tlie Mortgnge U�sm•ance fei�n3nal:ed autnm;�ticnlly, .end/or to receivc a roFnnd ot any Mortgage Inanrauce preminms that were miearned aC Che tin�e of each c:mcmlLitiun m•termuiakion. 11, Assignment of M iscellaneous Proceeds; Forfeiture. All Miscellazieous Proceeds are hereby assigned ca and shall be pnid to Lender. If the Proper�y is damaged, sach Misecllaucoeis Yroc;ccds shall be applied to restoration or repair of tihe Property, if the restoration or repnir is economically feasil�le and Lcnder'�sccuriry is not leseened. Dw�ing such re�air and resCoration period, Lender ahall htiue the right to hold such Miscellaneous Prowcds until Lender Uas liad an opportunity to inspect such Propertiy to ensure the work has been completed Co Leuder's --.._._.._ .... _ — — �aoazs�i NE6RHSKA-Single Gamlly�Pannle hlaelPretldle 0.7ac 11NIPORbI INSTRUMCNT Fbrm 3028 1/01 VM P� VMPB(N�(1746) W ollere Kluw er Flnenclal Services Pa9e 9 of 1 i