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� ��15��435 Insurance previously in effect, at a cost sul�stan�tially eq�ivalent tv the cost ta Barravver of the Mortgage Insurance pre�iausly in effect, from an a�ternate martgage insurer selected by Lender. If subs�antially equi�al�nt Mortgage �nsurance coverage is not a�ailable,Borrower shal�continue ta pay to Lender the amount of the separately designated payments that were due when the insurance co�erage cea�ed ta be in effect. Lender wi11 accept, use and retain these payments as a non-refundable�ass reser�e in lieu af Mortgage In.surance. Such loss reser�e sha11 be non-refunda�le, natwithstanding�he fact that t�he Lvan is uitimately paid in fu11, and Lender sha�l not he required tv pay Borrower any interest ar earnings on such lass reser��. Lender ca.n no longer require loss reserve payments if Martgage Insura.nce co�erage(in the amvunt asxd far the periad t,h.at Lender requires�pravided by a.n insurer selected hy Lender again becames a�ailable, is abtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making t�he Loan and Borrower was required to make separately designated payments taward the premiums for Mortgage Insurance, B�rrawer shall pay �ae premiums required to maintain Mortgage Insurance i.n ef�'ect, or ta pr��de a non-refundable loss reser�e, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreem�nt between Borrower and Lender pro�iding far such termination ar un�il termina�ian is required by Applicable Law. Nothing in this SeCtion 1�affects Barr�wer's ab�igatian ta pay interest at the rate pro�ided in th�Note. Mortgage Insura.nce reimburses Lender�or any entity that purchases#he Note} for certain losses it may incur if Barrower does nat repay the Loa,n as agr�ed. Borruwer is nat a party to th�Mor�gage In.surance. Mortgage insurers e�aluate their tota�risk on al�such insurance in force from time ta time, and may enter intv �agreem�nts,with ather parties that share or modify theu risk, or reduce�osses. These agreements are an terms and cand�tions that are satisfa�tary to the mortgage in.surer and t�he other party(or parties} ta these agreements. These agreements may require the mortgage insur�r tv make payment,s using any s�urce of funds that the mortgage insurer may ha�e availab�e�which may inc�ude funds ob�ained from Mortgage Insura�ce premiums}, As a r�sult af these agreements, Lender, any purchaser of the No�e, another insurer, a.ny reinsurer, a.ny other entity, ar any affi�iate�f any of�he faregaing, may recei�e�directly or indirectly}amounts that derive from�or might be characterized as}a portion of Bonower's payments for Martgage Insurance, in exchange for sharing or mod.ifying the martgage insurer's risk, or reducing losses. If such agreement pra�ides that an af�il�ate of Lender takes a share of the �nsur�r's risk in�xchange for a share of the premiums paid to the insurer, the arrangemen�is of�en termed "captive reinsuratace." Furtber: (a� Any such agreements will nvt affect the amaunts th�t Bvrr�wer has agre�d to pay for Mortgage Insuran�e, or any other terms of the Loan. Such agreemeats w�ll not increase the amount Borr�wer will owe for Mortg�ge Insuran�e, and they will n�t entit�e Borr�w�r to any refund. �b} Any su�h agreements will not affeet the rights Borrawer has -if any -with respect to the Mortgage Insuran�e und�r the Hvmeowners Protecti�n Act of 1398 or any other law. These rights msy in�lude the right to recei�e certain �iisclosures, t� request and obtain canceuation of the Mortgage Insur�nce, tv ha�� the Mortgage Insuran��terminated autamaticauy, �ndlor to re��i�e a refun�of any Mortgag�Insuraace prenuums that were unesrned at the time of su�h cancellatinn or teraunat�on, 11. Assignment af Miseeilaneous Prace�s;Forfeiture. A11 Miscellane�us Proceeds are herehy assigned to and shall be paid to Lender. I�the Property is damaged,such Miscel�aneous Proceeds shall be applied ta restoration ar repair of the Froperty, if the rest�aratian or repair is economically feasible and Lender's secur�ty is nat lessened. I�uring such repair and restoratian period, Lender shail ha�e the right ta hald such Miscellanevus Prflceeds until Lender has had an apporh,uuty to inspect such Property to ensure the work has been campleted�o Lender's satisfac�ian, pro�ided that such insp�ction sha�l be undertaken promptly. Lender may pay far the repairs and restoratian in a single disbursement or in a series of prog,ress payments as the work is cvmp�eted. Unless a.n agre�men�is mad�ix1 writing ar Applicable Law requires interest to be paid on such Misc�llanevu�Proceeds, Lender shall nat be requited to pay Bortower any interest or earnings on such Mis�ellaneous Proceeds. If the restoration or repair is not economical�y feasible or Lender's security would be lessen�d,the Miscellaneous Proceeds shall be applied ta the sums secured by this Securi�y �nstrument, whether or not then due, with the e�cess, if any, paid to Barrawer. Such Mis�ellanevus Proceeds shall be app�ied in the arder provided for i.n Section 2. NEBRASKAr-Single Family--Fannie MaelFr�eddie Mac UNIF�RM 1N5TRUMENT- MERS �e�� Form 3D28 11Q1 Page 8 af 15 www.docmagic.rorrx