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. ��15�3SS� Insurance pre�iously�n�ffect, at a cost sub5tantially equi�a��nt to th�cost to Borrower of the M�rtgage Insurance pre�i�usly in effect, fram an alternate mortgage insurer selected by Lender. �f suhstantially equi�al�nt Mortgage Insurance co�erage is not a�ai�able, Borrower sha�l continue to pay to Lender the amount af the separa�e�y designated payments that were due when the insuran�e coverage cea.sed to be in eff�ct. Lend�r will accept, us�and re�ain these payments as a nan-refundable 1�ss reser�e in lieu of Martgage Insuranc�. Such loss reser�e shal�be non-refundable, notwithstanding the fact that the Loan is ult�mately paid in ful�, and Lender shall not be required to pay Borrvwer any interest or earning5 on such loss reser�e. Lender can n��onger require loss reser�e pa�men�s if Mortgage Insurance co�erage(in the amount and for the p�ri�d that Lender requires} pro�ided by an insurer selected by Lend�r again becomes a�a.ilable, �s obtained, and Lender requires separate�y designated payments taward the premiums far Mortgage Insurance. If Lender required Mor�gage Insurance as a conditi�n of making �he Loan and Borrow�r was require.�i tv make separately designated payments toward the premiums for Mvrtgage InsuranCe, Borrower shall pa� the premiums required to maintain M�rtgage Insurance in eff�ct, or ta pro�ide a nan-refundable Ioss reser�e, until Lender'S requirement for Martgage Insurance ends in accordance�vith any written agreement b�tween Borrower and L�nder pro�iding for such terminatian ar until termination is required by Applicable Law. Nothing in this Section 1�affects Borrower's abliga�ion ta pay interest at the rate pro�ided in the Nate. Mvrtgag� Insurance reimburses Lender �or any entity that purchases the Note} for certain loss�s it may incur if Bvrrawer does nat repay th� Loan as agreed. BvrrQwer is not a party to the Mortgage Insurance. Mortgage insurers e�aluate their�otal ri5k an a11 such insurance in force from t�me to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements ar�on�erms and conditions that are satisfactory to the martgage insurer and the other party �or parties} t�th�se agr��ments. These agreement5 may requir�the m�rtgage i.nsurer t�make payments using any source�f funds�hat the martgage insur�r may ha�e a�ailable �which may include funds obtained from Mortgage Insurance premiums}. As a result af these agreement�, L�nder, any pur�haser of the Note, anather insurer, any reinsurer, any other entity, or any affiiia�e af any of the foregoing, may recei�e�dir�ctly or indirectly}amounts that deri�e from�or might be charac�erized as}a portion of Barrower's payment�s for Martgage�nsurance, in�x�hange for sharing or mvdifying the mortgage insurer's risk, or reducing losses. If such agreement pro�ides that an affi�iate of Lender takes a share of the insurer's risk in exchang�for a share�f the premiums paid ta the insurer, �he arrangement is �ften termed "capti�e r�insurance." Further: ta} Any such agre�ments w�ll nat afFe�t the amounts that Borrower has agreed ta pay for Mortgage Insurance, ar any ather t�rms of the Laan. 5u�h ag�reements will not increase the amount Borrower will �we for Martgage Insurance, and they wi�l not entitle Borrower to any refund. �b} Any such agreements will not affect the rights Borrawer has - if any - with respect to the Mortgage Insurance under the Hameowners Protectian A�t af 1998 ar any vther law. These r�ghts rnay include the right to recei�e certain disclasures, t� request and obtain cancellation of the Mortgage Insurance, to ha�e the Mvrtgage Insurance terminated autamatically, andlor ta receive a refund of any Mvrtgage Insurance premiurns that were un�arned at the time of such can�ellation�r terntinatian, 11. A►s5ignment of Miscellaneou5 Pro�eeds; Forfeiture. All Miscellaneous Pr�ceeds are hereby assigned to and shail be paid to Lender. If the Prnperty is damaged, such Miscellaneaus Prflceed�sha11 be app�ied to restorat�an flr repair of the Prvperty, if the r�storation vr r�pair is economi�ally feasible and Lend�r's s�curity is not �essened. During such repair and restorat��n perivd, Lender shail ha�e the right to hald such Miscellaneaus Proceeds until Lender has had an opportunity to inspect such Proper�to ensure the work has been compl�ted to Lender's sa�isfaction, pr��d�d that such inspe�t�on sha11 be undertaken pramptly. Lender may pay for the repairs and restoratian in a single d�sbursement or in a series of progress paym�n�s as�he work is complet�d. Unl�ss an agreement is made in writing�r Applicabie Law r�quires inter�st to be paid on su�h Misceliane�us Pro�eeds, Lender sha11 not be requis-ed�o pay Barro�ver any int�rest or �arnings on such Miscellaneous Prflceeds. If the restorativn ar repair is nat ecanomically feasible or Lender's secur�ty wauld be lessened, the Misce�laneous Praceeds shall be applied to th�sums secured by this Security Instrument, whether or not then due, with the e�cess, if any, paid t�Borrower. Such M�s�ellaneous Prviceeds shall be applied in the order pro��d�d for in Sectian 2. NEBRASKA-Singie Family--Fannie MaelFreddie Mac UNIF�RM INSTRUMENT- MERS �� F�mn 3�28 �1D1 Page 8 of 15 www.dacmagr�,com