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��15�3��5 �nsurance previvusly in effect, at a cost substan�ially equi�alent to the cost to Borrower nf the Mvrtgage Insurance pre�iou�ly �n ef�ect, from an alternate mor�gage insurer select�d by Lender. If substantially equY�alent Martgage Insurance co�erage is not a�a��able,Barrower sha11 cantinue to pay to Lender the amaunt of the separately designated payments that vvere due when the insurance cvverage ceased ta be in effect. Lender will accept, use and retain these pa}rments as a non-refundab�e loss reser�e in�ieu of Mor�gage Insurance. Such lass reser�e 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�arnings on such loss reser�e. Lender ca,n no longer require lass reser�e payments if Mortgage Insurance co�erage(in the amount and for the perifld that Lender requires}provided by an insurer selected by Lender aga�n becames a�ailable, is abta.�r�ed, and Lender requir�s separately designated payments toward the premiums for Mortgag�Insurance. If Lender requir�d Mortgage Insurance as a condition of making the Loan and Borrawer was required��make separat�ly designated payments towazd the premiums far Martgage Insurance, Borr�wer shall pay the premiums required to ma�n�ain Mortgage Insurance�n�ffect, or to pro�ide a non-refundable loss reser�e, until Lender's requirement far Mortgage Insurance ends in acc�r�iance with any written agreement between Borrnwer and Lender pro�id�ng for such termination or until termina�ion is required by Appl�cab�e Law. Nathing in this Se�tion �� affects B�rrower's�b�igation�a pay interes�a�the rate�ro�i�ed in the Nate. Mortgage Insuran��reimburses Lender�or any entity that purchases the Note} for certain losses it may �ncur if Borrower does not repay the Loa.n as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers e�aluate their totai risk on all sueh insurance in force from ti_me to time, and may enter into agreements with other par�ies that share or m�dify their risk, or reduce lasses. These agreements are on terms and cond.itions�hat are satisfactary ta the m�rtgage insurer and the other par�y �or parties}to these agreements. These agreements may require the m�rtgage insurer to mak�payments usi.ng any source of funds that�he mortgage insurer may have avai�ahle�which may �.nclude funds obtained from Mortgage Insurance premiums}. As a result of th�se agreemen�s, Lender, any purchaser of the Nate, anvther insurer, any re�nsurer, any other entity, or any a��ate of any af the foregoing, may recei�e(directly or indirect�y}amounts that der��e from�or might be characterized as�a por�ion of Borrawer's payments for Mvrtgage insuran�e, in exchange far sharing or modifying the mortgage insurer's risk, or reduc�ng lvsses. If such agreement pro�ides�hat an affiliate of Lender takes a share af the insurer's risk in �xchang� f�r a share of the premiums paid tv the i�asurer, the arrangement is of�en te�med "capti�e reinsurance." Further: [a} Any such agreements will not affe�t the amaunts that Borrower has agreed to pay for Martgage Insurance, or any other terms of the Loan. Such agreements wi�l not increa5e the amount Bvrrower will owe for Mortgage Insurance, and they will aat entitle Borrawer ta any refuad. (b} Any such agreements wiil not affect the rights B�rrower has - �f aay-w�th respe�t to�the Mortgage Insurance under the Home�wners Protectivn Act of 1998 or any oth�r law. These rights may include the right ta recei�e certain disclasures, to request aad abtain cancel�at�on of the Mortgage Insurance, to ha�e the Mortgage Insurance terminated automatically, andlar to recei�e a refund of any Mortgag�Insurance premiums that were unearned at the time vf such cancel�ation or termination. 11. A,Ss�gnment af Miscellaneou5 PrQceeds;Fvrfeiture. All Misce�laneous Proceeds are hereby ass�gned to and shail be paid to Lender. If the Pr�perty is damaged,such Miscellaneous Proceeds sha11 be applied to restoration or repair of the Property, �f�he restoration or repair is economica�Iy feasible and Lender's se�urity is nat less�ned. During such repair and restaration period, Lender sha11 ha�e the right to hold such Misc�llaneous Proceeds unt�l Lender has had an oppvrtunity to inspect such Property to ensure�he vWork has been c�mpleted to Lender's satisfaction, pro�ided that such inspection shall�e under�aken pramp�ly. Lender may pay for the repairs and restaration in a single dis�ursement or�n a series vf progress payments as the wark is complet�d. Unless an agreement is made in vvriting or Applicable Law requu-es interest to be paid on such Miscellaneous Proceeds, Lender shall nut be required�o pay Borrower any int�rest or earnings vn such Miscellanevus Proceeds. If the res�oration or repair is nat ecanamically feasible or Lender's security wou�d be lessened,the Miscellaneuus Praceeds shall be applied to the sums secured by th�s Security �nstrument, wheth�r or not�hen due, wi�h the excess, if any, pa�d to Borrower. Such Miscellaneous Praceeds shall be app�ied in the order pro�ided far in 5ection 2. NEBRASKA-S�ngie Family--Fannie Mae1Fr►eddie Mac UNIF�RM INSTR�MENT - MERS pa�� Fvrm 3028 11a1 Page 8 vf 15 www.dvcmagic.corrr