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��14�135� Insurance pre�iously in effect, at a cos�substan�ial�y equivalent ta �he cost�o Borr�wer of the Mortgage �nsurance pre��ausly i n effect, frvm an alternate m ortgage �nsurer se�ected by Lender. I f substantial ly equ��alent Mortgage Insurance coverage is not a�ailable, Borrower shall continue to pay to Lepder�he amoun�of the separately designated payments that were due when the�nsurance co�erage ceased to be in effect. Lender vvi�l accep�, use and retiain these payments as a nan-refundable �oss reser�e in Iieu of Mortgage Insurance. Su�h loss reser�e shal�be non-refundable, notwithstand�ng the fact�ha�the Loan is ul�imately paid in full, and Lender shall not be required to pay Borrower any �nterest or earnings on such lass reser�e. Lender can na langer require loss reser�e payments if Martgage Insurance co�erage(in the amount and for the periad that Lender requires} pro�ided by an insurer selec��d by Lender again be�omes available, �s obtained, and Lender requires separately designated payments toward the premiums for Mortgage �nsurance. If Lender required Mor�gage Insurance as a candition of making the Loan and Barrower was required to make separa�e�y des�gnated payments toward the premiums far Mortgage Insurance, Borrower sha�l pay the premiums required to maintain Mor�gage Insurance in effect, or to pro�id�a non-refundab�e �oss reser�e, unti� Lender's requ�rement for Mortgage Insurance�nds in accardance�►rith any written agreemen�between Borrower and Lender pro�iding for su�h terminat�on or until terminatio� is required by Appl�cable Law. Nothing in this Sec�ion �0 affects Borrower's obligation to pay interest at the ra�e pravided in the Na�e. Mortgag� Insurance reimburses Lender (ar any entity �hat purchases the Note} for cer�ain loss�s �t may incur if Borr�wer does n�� repay the Loan as agreed. Borrower is nat a party t�the Mortgage �nsurance. Mortgage insurers e�aluate their total risk on a1] such insurance in force from time�o time, and may enter into agreemen�s with o�her parties that share or m�dify their risk, or reduce losses. These agreements are on terms and condtti�ns that are satisfa��ury t�the m�rtgage insurer and the �ther party �or par�ies�to these agr�ements. T�ese agreements may reQuire the mortgage insurer to make payments using any source of funds that the m�rtgage insurer may ha�e a�ailable�which may include funds ab�ain�d f.rom Mortgage Insurance prem�ums�. As a result of these agreernents, L�nder, any purChaser of the Note, another insurer, any re�nsurer, any other entity, or any affilia�e of any of�he f�regoing, may recei�e�direc�ly or indirectty�amounts that deri�e fram�ar might be chara�terized as}a partion�f Borrower's payments for Mor�gage Insurance, 1n exchange for shar�ng or modifying the mortgage insurer's risk, or reducing losses. If such agreement pra��des�hat an affiliate of L�nder takes a share of the insurer's risk in exchange for a share of the premiums paid ta the insurer, the arrangement is often termed "capti�e reinsurance." Further: �a} Any such agreements will not affect the amounts that Borrower has agreed to pay for M�rtgagQ InSurance, or any other terms nf the Laan. Su�h agre�ments will not increase the amount Borrawer will�we for Mortgage Insurance, and thQy wiil not entitle Barrower to any refund. �h} Any such agr�ements will not affect th�rights Borrower has - if any - w�th respect to the Mortgage Insurance under the Hnmeowners Prote�tion Act of 1998 or any other law. These rights may includ�the right to recQi�e cer�a�n disclosures, to request and obtain cancel�ation of thQ Mortgage Insurance, to ha�e the Mortgage Insurance terminated autnmaticai�y, andlor to recei�e a refund of any Mortgage Insuran�e premiums that wer�unearned at the time of such can�exlatian or termination. 11. Assignmen� of Mis�ellaneous Prn�eeds;Forfeiture. All Miscellaneous Proceeds are hereby assigmed to and shall be paid�o Lender. If the Property is damaged,such Miscellaneous Proceeds shal�be applied to res�ora�ion�r repair af the Property, if�he restoration or repa�r is econ�mical ly feasib�e and Lender's security is nat �essened. During such repair and restaration p�riod, Lender shal� ha�e the righ� to hold such Misce�laneous Proceeds unti� Lender has had an opportun�ty to insp�ct such Property to ensure the wark has been completed to Lender's satisfaction, pro��ded that such inspection shall be undertaken promptly. Lender may pay for the repa�rs and r�storation�n a single disbursement or in a series�f progress payments as the work is comple�ed. Unless an agreement�s made in writ�ng�r App�icabl� Law requ�res intere��to be pa�d on such M�scel�aneous Proceeds, Lender shal� not be requ�red�o pay Borrower any interest vr earnings on suc�a .Miscel�aneous Proceeds. If the restora�ion or repair is not economically feasible or Lender's security wou�d be�essened,�he Miscel�aneous Proceeds shall be apptied to the sums secured by this Security Ins�rum�n#, whether�r not then due, wi�h�he excess, if any, paid to Borrower. Such Miscellaneous Proceeds sha�l be appl ied i n the order pro�ided for i n Sect ion 2. NEBRASKA--Single Fam ily--Fannie iVla�lFreddie Mac lJNlF�RM 1 NSTRUMENT - lVIERS ��H�j� Form 3��8 11�1 Page 8 of �5 www.docmagic.�om . �