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201210549 <br /> continue to pay to Lenciea-tl�c amount of'the sep�r�tely designated paymeutis thAt wete due whc-�z the <br /> innurance coverage oeased fo l�e in effect, Le��der will accept, uaa nncl retai�� these payinenta ns a <br /> non-refunc1261c loss reeerve in lieu of Martgage Insuranae. Such lose reserve shall bc non-refiandable, <br /> notwithstanding Hie Pact tihat tl�e I,oau is ultimfttely p�id in full, and I,ender shall not be rcquircd to pay <br /> I}orrower auy interest ar earnings on sUch lass reserve. Lencler can no longer require lose reaerve paymeuts <br /> if Mostgage Insw'ance covernge(in tl�c amowrt and for tha�eriod thaC Lendcr requires)provided by tu� <br /> insurcr solccted Uy Lender ag7in beeomes �vailable, is oUtained, end Lencier requires sepaaately designated <br /> paymenta Cowt�rd thc preiniums Cor Martgage In�m�anca ff Lender required Marugage]nsnrance as a <br /> coudition o£malting tha Loan and Borrower was required to make sepa�ately designated payments towazd the <br /> preiniums for Mort�age Hisurancc, Borrower sl�all pay the pren�iuma required to meintain Mortgage <br /> Ins'uremce in elTect, or to provide a non-refundable loss reserve, untiil LendeP s requircment for Mortgage <br /> Inemance ends in accordanEo with any writCen agreement betwec;n Borrower and Lender provieiiiig for such <br /> termrnation or until Yarmina�tion is requircd by Applicable Law, Nothing in this Section 10 afPeeta <br /> Barrower`a obligation to pay interest et the r�heprovided in TheNoYe. <br /> Morfgage Insurance reimbw�ses Lendet (or any ontity that pm•chases the Note) for cortaiu lossas iG may incur <br /> if Borrower does not repay the Loui ns agreed. Borrowor is uot a party to the Mortgagc insurance. <br /> MorCgagc insurers evaluate Yheir total riak on a11 sucli iusttranca in force froin timc to ti�ne, uid inay enfer <br /> into agreen��cnts with other paitiies thaf ahnre or modify tl�eir��islc, or rednce losses. Thesc a�ncoments ue on <br /> tierms ai�id conditions U�at are satisfacYory to the inortgage insurer and the other�party(or parties) to tiheso <br /> a��eeinents. These agreemen[s may rcq�iire the mortgage insuret to mnke paymcn�ts uein�aAry sottrce of fiinds <br /> ChaC Yl�c mortbage insurer me�y h�ve�vail�ble(which may iuclude fmids obtnined frotu Mortgagc lnsurance <br /> preiniums). <br /> As n reeulC oP Sheso agree�nents, Lender, ang ptu�chnaer of the Notq anoflier insmer, �ny reivsurer, nny other <br /> entity, or �ny a£Gliate of any of the foregovi�, �nay receive(directly or indirectly) a�izounts that derive fioin <br /> (or might be characterized as) a porLion of I3orrower'e payinenYs for Mortgnge Iusltrancq in cxc1iailge For <br /> sharing or moclifying the'inortgage inaurer's riek, or reduciug losses. If such agreemenC prwides Hiat an <br /> affiliato of l.ender telces a share of the insnrex`s risk in exchange for a shaie of Uie premitinna pnid to Che <br /> iiisurer, khe z��rangcmcnt is often termed "captive t�einstuance," FurCher: <br /> (a) Any such agreenienl�e will uot aYfect the :�momrt�s that Borirower hne agreed to pay fnr Mortgxge <br /> Insnranec, or any otl�er teima of fhe Loan. Sncl� agreements will not inercase tl�e flmonnt <br /> 13orrower will owe for Mortgago Tnsnrance, and Hiey will �mC entitle Rorrower to a��y rcfm�d. <br /> (b) Any siich�gree�ueuts will not nFFcct the��ighCs Borirower IinB-iT any- witli respect to thc <br /> Mortgage Ingnrauce ander the I�on�eoW�ierS Protoction Act of 1998 or any nU}ier law. '1'l�ese ciglits <br /> inny inchide tl�e riglrt to receive cerCafii disclosnres, tu request a�xd obtain cancellntion of Clie <br /> Mortgage Inenrancq to have tlie Mortgage L�sm�ance terminnted :intomnticnlly, xnd/or to rece9ve <br /> n re1'nnd of:uiy Mortgngc Insara�tce premimns tltat were miearned :�Y,tlte ti��ie of sncl� <br /> cnneellaCioxi or termination, <br /> 11. Assignment of M iscellaneous ProceedS; ForFelture. All Miscellaneous Procccds ar�hereUy assigned Co <br /> and shn(1 Ue paid to Lender. <br /> If the Property is damaged, such Mieccllaneous Proceeds el�all be appliecl to restoration or repaix of thc <br /> Property, if the restoration or repair ie eoonouucally PeasiUlc ancl Lendes's secLuity is not lessened. During <br /> such rcpair and rastoeation period, Lender sha11 have the right to hold artch MiscellttneoLu Prooeeds until <br /> Lender hna kaci an opporlunity to inspect such Property to ensure Yhe worlt hna been completeci to Lendar's <br /> 24003004 <br /> NEBRASKA-Single Femlly-Fannle MaelRed�le M ac UNIFORM INST2UM ENT Form 3028 7I01 <br /> VM P p VM PB(N�(1706) <br /> Waltars Kluwer Financial Sen�ices Pn9a�J of 1� <br />