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201210888 eontinue to pay to Lendet the amount af the sepazately designaYed payments that wete due when tlie insurance coverage ceased to be in effect. Lender will accept, tise and retain these payments as a non-refimdable loss ieserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refiuidable, notwithstanding the fact tUat the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or eamings on such loss rescrve. Lender can no longer requirc loss reserve payments if Mortgage Insurance coverage(in the amount and for the period that Lender requires)provided by an insurer selecfed by Iznder again becomes avai7able, is obtained, and Lender requires separately deslgnated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condi$on of making the Loan and Borxower was required to make sepazately designated payments toward the premiuxns for Mortgage Insurance, Borrower shall pay the premiums required to maintain Martgage Insurance in efFect, or to provide a non-refundable loss reserve, unril Lender's requirement for Mortgage Insurance ends in accordance with any w-ritten agreement between Borrower and Lender providing for such termination or until terurinarion is required by Applicable Law. Nothing in tlus Section 10 affects Boaower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any entity tliat purchases the Note) for certain losses it may incur if Borzo�ver does not repay the Loan as agreed Borrower is not a pariy to the Mortgage Insurance. Mortgage Insurers evaluate their Total risk on all such insurance in foxce from time tQ time, and may enter into ageements with other parties that sfiare or modify their risk, or reduce losses. These agreements aze on terms and conditions that are satisfactory to the mortgage insiser and the other parry(or parties)to these agreements. These a�eements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available(which may include funds obtained from Mortgage Insurance premiums). As a result of 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(direcfly or indirectly) amounts that derive from (oi might be cl�azacterized as) a portion of Bonower's payments for Alortgage Inst�ance, in exchan�e for shazing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of I,ender takes a shaze of the insurer's risk in excbange for a share of thc premiums paid to the insuxer, the arrangement is often termed"captive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insvrance, or any other terms of the Loan. Snch agreements wil!not increase the amount Borro�ver will owe tor Mortgage Insurance, and they will not enfltle Borrower to any refund (b) Any such agreements will not affect the rights Barrower t�a5-if any-wiEh respect to the Mortgage Insurance tmder the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellaflun of the Mortgage Insurance, to have the_l'Iortgage Insw-ance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of snch cancellation or termination. 11. Assignment of M iscellaneous Proceeds; Forteiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lendar. If the Property is damaged, such Miscellaneous Proceeds shall be applied to iestoration or xepair of the Properry, if the restoration or repait is economically feasible and Lender's security is not lessened. During such repair and restorafion period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opporhmity to inspect such Properiy to ensure the work has been completed to Lender's zeeoaoas NEBRASKASinqle Fzmily-Fannie W aelFretltlis Mac UNIFORh7 INSTftUIa1ENT Fom 3028 1f01 VN P� VM P6(NE)(1105) W olters Kluwer Fnancial Services P2ge 9 of 1]