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��14�4�59 Insurance pre�ious�y in effect, at a cost substantially equi�a�ent to the cost to Barrower af�he Mortgage Insurance pre�iausly in effect, fram an alternate rnortgage insurer se�ected by Lender. If suhstantially equi�alent Mortgage Insurance ca�erage�s not a�ai�ab�e, Borrower shall continue�to pay to Lender the amount of the separately designated paym�n�s that were due when the insurance co�erage ceased t�be in effec�. Lender will accept, use and retain these payments as a non-refundable loss reserv��n lieu af Mortgage�nsurance. Such loss reser�e sha11 be nan-refundahle, natwithstanding the fact that the Laan is ultirnately paid in fu11, and Lender shall not b�required ta pay Borrower any �nterest or earnings on such�oss reser�e. Lender can no longer require loss reser�e payments if Martgage Insurance coverage�in �he amaun�and for the period that Lender requires}pro�ided by an insurer selected by Lender again becomes a�ai�a�1�, 1S 4�7�1I��C�, and Lender requires separately designated payments toward the premiums for Mortgage Insuran�e. If Lender required Mortgage Insurance as a condit�an af making the Loan and Borrawer was required to make separa�ely designated payments tavvard the premiums for Martgage�nsurance, Borravver sha�l pay the prerniums required�o maintain M�rtgage �nsurance in effect, ar t�provide a non-refundable loss reserve, until Lender's requirement far Mortgage Insuranc��nds in accordance with any wri�ten agr�ement hetvWeen BorrovWer and Lender pro�iding f�r su�h termination or untii termination is required by A�pl�cable Law. Nothing in th�is Sectian 1 D affec�s Borra�ver's obligativn ta pay interest at the rate pro�ided in the Nat�. Mor�gage Insurance reimburses Lender�ar any entity tha�purchases the Nate� for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrawer is nat a party t� the Mortgage Insurance. Mortgage insurers evaluate�heir total risk on all such insurance in force from time ta time, and rnay enter inta agreements with other parties�ha�share or m�d�fy their risk, or reduce losses. These agreemen�s are an terms and conditions that are satisfactory ta the martgage insurer and the other party�or parties} to these agreements. These agreements may require the m�rtgage insurer to make payments using any saurce of funds that the mvrtgage insurer may ha�e a�aiiable�which may include funds abtained from Mortgage Insurance premiums}. As a result of�hese agreements, Lender, any pu.rchaser af the Note, another insurer, any reinsurer, any�ther entity, ar any affiliate of any of the foregatng, may recei�e�directly or indirect�y}amaunts that deri�e fram�or might he charact�rized as}a portion of Borrnwer's payrnents for Mortgage Insurance, in exchange for sharing�r modifying the mortgage�nsurer's risk, or reducing �osses. If su�h agreement pravides that an affiliate af Lender takes a share of the insurer's risk in exchange f�r a share of the premiums paid ta the insurer, the arrangernent is aften term�d "capti�e reinsurance." Fur�her: �a} Any such agreem�nts will not affect the amounts that Borrower has agreed tv pay for Mortgage InSurance, or any oth�r terms of the Loan. Such agreements will not incr�ase the amount Burr�wer will owe for Mortgage Insurance, and they will not ent�tle Borrower tv any refun�. �b} An� su�h agreements will not aff�ct the rights Borrow�r has - if any -with respect tfl the Mortgage Insuran�e under the Homeowner5 Protection Act of 1998 or any other�aw. These rights may include the right to recei�e certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to ha�Q the Mortgage Insurance terminated automatically, andlflr to rec�i�e a r�fund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or terminat�on. 11. AsSignment of Misceilaneous Praceeds;Forfeiture. A�1 Miscellaneous Proceeds are hereby assigned to and sha�l be paid ta Lender. If the Praperty is d.amaged,such Miscellaneous Proceeds shal�be app�ied to restorati�n ar repair of th�Property, if the restoration ar repair is ecanomically feasible and Lender's seCurity is not lessened. During such repair and restaration period, Lender shal� ha�e the right to hold such Miscellaneous Praceeds until Lender has had an opportunity to inspeCt such Property ta ensure the work has been completed to Lender's satisfaction, pro�ided tha� such inspection sha11 be undertaken prompt�y. Lender may pay f�r the repairs and restoration in a sing�e disbursement or in a series vf pragress payments as�he�vork Ys completed. Unless an agreemen�is made in writing or Applicable LavW requires interest t�be paid on such Miscellaneaus Proceeds, Lender shall no�be required to pay Borrower any interest ar earnings on such Misceilaneous Proceeds. If the restoratifln flr repair is not ecan�mically feasible ar Lender's security would be�essened, the Miscel�anevus Proceeds sha11 be applied to the sums secured by th�s Se�urity Instrurnent, whe�her or not then due, with the excess, if any, paid to Borrnwer. Such Miscellaneous PraCeeds shal� be applied in�he order pro�ided for in Sec�ion 2. NEBRASKA-Single Family--Fannie MaelFreddie Mac UNIF�RM INSTR�MENT - MERS �� Fom� 3D28 1l0� Page 8 flf 15 www_dacmagic.corrr � � � i � � � i �