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201406486 continue to pay to Lender the ainount of the separately designated payinents that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a ' non-refiuzdable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earnings on such loss reserve, Lender can no longer require loss reserve payments if Mortgage Insurance coverage(in the amount and foi t11e period that Lender requires)provided by an insurez•selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiuins for Mortgage Insuiance, If Lender required Mortgage Insurance as a condition of making the Loan and Barrower was required to make separately designated payinents toward the preiniums for Mortgage Insui•ance, Borrower shall pay the preiniuins required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requireinei�t for Mortgage Insurance ends in accordance with any written agreement between Borrower ancl Lender providing for such terinination or until termination is required by Applicable Law. Notlling in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reiinburses Lender(or any entity that purchases the Note) far certain losses it may incur if Borrower does ilot repay the Loan as agreed. Borrower is not a party to the Mo��tgage Insurance. Mor�gage insurers evaluate their total rislc oii all such insurance in foreo from tiine to ti�ne, and may enter into agi-eeinents with other parties that share or mociify their rislc, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the othei party(or parCies)to these agreeinents, These agreements inay require the inortgage insurer to malce plyinents using any source of funds that the rnortgage insurer may have available(which may include funds oUtained frorn Mortgage Insurance preiniuins). As 1 result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of tlie foregoing, may receive(directly or indii•ectly)amounts that derive from (or inight be characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing or modifying the inortgage insurer's rislc, or reducing losses, If such agreement provides that an affiliate of Lender talces a share of the insurer's risk in exchaiige for a share of the preiniums paid to the insurer, the arr�ngement is often termed "captive reinsurance.° Further: (a) Any sYich agreemeuts will not affect the nmounts thnt Boi�rower h�►s �►greed to p�y for Mortglge Insitrance, or any otl�er terms of the Loan. Suclz�tgreements will not inci�else the nmonnt I3orrower will owe for Mortgnge Insiu�lnce, and tliey will uot entitle Borrowei�to any refund. (b) Auy silch Rgreements will not�ffect the rights Bort�ower li�s -if nny-with respect to the Mortgnge Insur�ance nncler the FIomeowners Protection Act of 1998 or any other 1�►w. These rights may iuclude the riglit to i�eceive certain disclosures, to request nnd obtnin cancellatimi of the Mortg�ge Insnr�tnce, to have the Mortglge Insur�nce termin�ted niitom�tically, nnd/or to receive � refnnd of any Mortgnge Insur'nnce premiums that were urienrued at the time of sudi cnncellation or terminatiou. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereUy assigned to and shall be paid to Lencler. I£t11e Property is damaged, such Miscellaneous Proceecis sllall be applied to restoration or repair of the Pi•operty, if tlle restoration or repair is ecorlomically feasible ancl Lender's security is not lessened. During suclz repair aild restoration period, Lender sha11 have the right to llold such Misce11ai1eous Proceeds until Lender has had a�i op�ortunity to inspect sucll Property to ensure the work has beeii completed to Lender's 2400717f3 NEBRASI<A-Single Fam ily-Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT Form 3028 1/01 VMP O VMP6(NE)(1302) Wolters Kluwer Financial Services Page 9 of 17