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201210796 contimie fo pay to Lender flie vnonn[of Cl�e neparafely designated paymenYs fliat ware due when the insurAnce coveragc coased to ba in effeck Lender wi11 accept, use and retain these payinents as a. non-refundnble loss reservo in lieu oF Ivlortgage Insurrmca Snch loss reserve shall be nm1-refuudable, notwithstanding the fAct thaC thc Loan is ultimately paid in full, and I,endar shall not be requircd to pa�y Borrowcr any interest or e�rnings on euch loes reserve. Lender can no longe��rec�uire loas reserve payments if Mortg�ge Insurance coverage(in the amount and for Uie pario<!that Lender ra�uires)provided by an uisurer selecte<l by Lender age�in Uecoines avail�tble, is oUfaincd, and Lender requires separafely desigiaked paymenfs tow�'d the premiums for Morfgage Insurvice. If Lender reyuired Mortgage Insnranoe ae a conclition of ma7culg the Loan and Borrower was roqnired to make separately dcsi��ated payments toward Chc premiums for MorCga�;c Insurance, Borrower shall pay tl�c premiiuns required fo�naintain Mortgage Insurance in effecC, or to pxovidc a von-refundable loss reserve, until Lcnder's requiremeul for MurLgage Insuram;c ends in accordance wifli any written agreement between Borrower and l,ender provicling for such termination or unti] termination is required by Applicab1e Law. Notlung in Clus Secrion 10 affecYs Borrower's obligacion 10 pay iuterest at f$e rate provic{ed In tl�o Note. Mortgage Insur�nce roimburses Lender(or any enlily iliat piu chases Uie Note) for oertain losscs if may incur if T�orrower does not repay Che Loan as agreed. Borrowex is not aparty to the MorPgage Inam�nnoe. Mortgaga insurers evahiaCe Cheir total risk on all such insnxauce in forcc froin tiine to time, nnd inay rn�ter into agrcemeuts with other psu•ties tliat sharo or modify their riak, or reduoe luescs. '1'hese agreements are on texms and conditions that are satiisfaotary to the mortgage insarex aud the other p�.r6y(or parties) to these agreemeuta. Tlie,se agrccments may require the morCgage ivsurc�•Co make payments uaing nny soLuco of fiuids that the morYgage inaurer may have available (which mey include Puuds oUtained fiom Mortgage Im9uranco premiutns). As a result of these agreemente, Lender, any purchaser of the Note, nnothcr insurer, any reinsurer, Any oLher cntity, or viy affiliate of any of the foreg�ing, inay receive(direotly or indixectly) ainotimts that derive fioin (ox mighY'be charactu��ized�s) a portion of Borrower's��ayincnts for Mortgage Insnranoe, in cschange for eharing or modifying fl�e mortgage insucer's risk, or reducing loases. If such agreement pxovides [hat an a£filiate of Lender takes a share of Che inaurcr's rislc in axol�ange for n shnre of fhc premiwns paid Yo the insL�rer, Che areangemeut is often termed "oaptive reinsurance," Fmflier: (a) Any sucli lgreetuents will not aTfect thc amoimfs tlwf Bm��ower li:ie ngrcod to pay for MorCgage visnrancc, or any oCher Cernis of the Losm. Such agreements will not incr�;�sc thc amonnt Bm•rowcr will owe for Mort�nge In�[�rxnce, xnd tlicy wlll uot entiCle Borrower f.o any rcfnnd. (b) Auy snch agreements wlll not affect the righte Bor�rower I�as-iP any- witli reapcet to the Morf.gage Ivsnranec under the Hmneowners Rrotection Aet of 1998 or auy oll�er l�w. Tliesu ciglite n�xy inclade Che right to reccivo ccrtnin discloei�rea, to request �iud oUYain cnncellatimi of Cl�e Mm•Cgnge Bisurnnce, Co l�ave the Mortgagc visnrnnce Cenninaled rmtoniutically, and/m� to receive a refnnd of nny Mortgage Insttrmice premiums tl�at were imenrned at the lixne of sucla enncellalimi pr Cermination. 11. Assignment of M iseellaneous ProCeeds; ForPeiture. All Miscellaneous Proceeds are hereby assigned to aud sh�ll 6e paid to Lendor. If the Property ie demaged, sneh Miseellaneoua Pxoceecls el�all Uo applied to resYoraUon or repair of the Proparty, if the restoration or repair is econonucally fensiUle a�id Lender'e security is not lessened. During such re�air and restoration period, Lcndcr sha1l l�ave tlre right to hold such Miscellaneous Proceeds tmtil Lendor ht�s h�td au opportiunity to inspwt such Property to ensure 17ie wark has been ooinplcted to Lender's 2A003078 NFARASKA-Single Famlly-Fannie Maeffred�ie 67an�NIFOFM INSTROh1ENT Form 3026 1/01 VM P� VM Po(NE](71061 Wolters Kluwor Flnanclal9ervlces Peqe 9 oi 17