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201403885 co�ltiizue to pay to Lender the ainount of tlie separately designated payinents that were due when the insur�iice covera�e ceasecl to be in efFect. Lender will accept, use and retaiil these payments as a non-refi.u�dable loss reserve in lieu of Mortg�tge Insurance, Such loss reserve shall be non-refundable, notwithstanc�uig the faei that the Loan is ultii�ately paid in fu11, �ncl Lender shall not be required to pay - Borrower any interest or earnings on such loss reserve. Lender cail uo longer require loss reserve payuients i£Mortgage Insurance coverage(in tl�e a�7iount aud �or ths period that Lender requires)providec�Uy an insurer selected by Leiider ag�in Uecoines availaUle, is obtained, �nd Lender requires separately designaCed paymeiits towarcl the premiums for Mortgage Insurance. If Leizder required Mortgage Insur�nce as a condition of malting the Loan and Borrower w1s requii•ed to malce separately designated payinents toward the premittms For Mortgage Insttrai�ce, Borrower sha11 pay t11e preiniums required to inaintain Mortgage Insurance iiz ef�ect, or to provide a nvn-refundable lass reserve, until Lender's requiremsi�t for Mortgage Insurance ends in accordance with any written agreement Uetween Borrower and Lender providing for such teriizination or until termination is required by ApplicaUle Law. Nothing in this Section 10 affects Borrower's oUligation to pay interest at the r�te provided in the Note. Mortg�ge Insurance reiinburses Lender (or any entity t11�t purchases�he Note) for certain losses ii'inay incur if Borrower does not repay the Loan as a�reed. Bori•ower is not a party to the Mortgage Insurance, Mortgage insurers evaluate�heu total rislc on�11 such�visur�ice in force�'roiii tune to tu�e, and�nay enter into agreeinents with otlaer parties that share or inodify their rislc, or reduce losses. These agreements are on terms and conditions that�re sai;isfaotory to the inortgage insurer and the other party(or parties)to these agreeinents. These agreements inay require the mortgage insurer to malce payinents usin�any source oP funds that the inortgage insurer inay have available(which xnay includ'e funds oU�ained fi�oin Mortgage Insurai�ce preil�iums). As a result of these agreeinents, Lender, any purch�ser of the Note, �nother insurer, any reinsurer, 1ny other enlity, or a.ny afi"iliate of any af the�oregoing, in�y receive(directly or indirectly) ainounts�hat dei�ive from (or inight Ue characterized as) �t portioil of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the inortgage insurer's rislc, or reducing losses. If such�greeinent provides that 1n aFfiliate of Lender lalces a sha.re of t7ie insurer's rislc in excliange For a share of the pre�niums paid to the insurer, t11e�rrangement is often termed "captive reinsurazice." I'urther: (a) A�xy sucli;�greeuients will�xot �ffect the nmouiits tli�et l3ori�ower lins lgreecl to p1y for Mortgage Insurance, or any othex•terms of the Lo�n. Such Rgree�nents wi11 not increase the ;►inount I3orrower will owe fo�•Mortga�e Iitsi[rnirce, and they will not entitle Borrower to nny reftu�d. {b) Auy siich�greements will not;►ffect the rights Borrower has-if any-with resl�ect to the Mortg�ge Insurnnce uirder the IImneowners Protection Act of 1998 or nny otliei�law. Tliese rights may include tlie riglit to receive certnin disclosiu�es, to request and outain caucell�tion of the MoY•t�1�e Iusur�nce, to hnve the Mortgnge Lisurance terminated �utomRtic�►lly, nnd/or to receive a refiuid of 1uy Mort��e Ins[trnnce pre�niie�ns tl�nt were imearned �tt the ti�ne of suclt cnncell�tion or terminRtion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscell�neous Proceeds are laereby assigned to a�id s1�a11 be paid to Lender. It'the Property is dan�aged, sach Miseellaneotits Pro�eeds shall ba a�plied to r�storat'ron or reptiir of the Property, if the restoration or repair is ecoi7oinically feasiUle and Lender`s security is not lessened. During such repair aud restoration period, Lender shall have the right to hold such Miscellaneous Proceec�s until Lender has had ar1 op�ort�uiity to inspect such Property to ensui•e tha work h�s Ueen conlpleted to Leilder's 24006238 NEBRASKA-Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3028 1/01 VM P O VM P6(NE)(1302) Wolters Kluwer Financial Services Page�J of 17