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2� 15�7�32 con�inue to pay ta L,ender the amount flf the separa�e��designa�ed paymen�s�hat w�re due when the �nsurance caverage ceased�o be in effec�. L.erider w�l� acc�pt, use and retain these paym�nts as a non-r�fundab�e�oss reserve in l�eu of Mortgage�nsurance. Such�oss reser�e shal�be non-refixndabl�, na�v�ithstand�ng�he fact tha��he Laan is ultimate��r pa�d in fu��, and Lender sha�l no�be requ�red ta pay Borrower an�r �n�eres��r earnin�s on such�oss r�s�r�e. L�nd�r�an n� ionger�equ�re l�ss reserve payments xf Mor�gage�nsurance ca��rage�in�he amount and for the periad�ha� Lender requ�res}pro��ded�y an �nsurer selected by Lender aga�n becomes ava�lable, �s ob�ained, and Lender requ�res separate�y designated paymen�s toward�he pr�miums far Mortgage�nsuranc�. �f Lender required Mor�gage Insurance as a cond��ian�f rnak�ng�he Loan and Borrow�r was required to make separately d�s�gna�ed paym.ents tov�ard�he premiums for Mor�gage�nsuranc�, Borrower sha��pay�he premiums requ�red��maintain N�orrgage �nsurance in effect, �r ta pro�v�de a non-�refundab�e�oss reserve, un�� L�nder's requ�r�men�far M�r�gage �nsuranee�nds in accordance w�th any wri��en agreement b�tween Borrower and Lender providing for such termina�ion ar unti� termina��n is required by App�zcable La�. No�hing in this Sect�an 10 affects Borrower's ob�igation to pay in�eres�a�the ra�e pro��ded in the Note. M�rtgage�risurance reimburses I�:nde�-�or any entity�ha�purchases �he N��e� far cer�a�n��sses�t may incur �f Borr��rer does nat repa�the Loan as agreed. Borr�v��r is na�a par�y�o��Mor�gage Znsurance. Mor�gage�nsurers evaluate�heir total ri�k on a11 suc� �nsura.nc�in for�e fram time ta time, and ma�en�er �n��agreements w�th other par��s tha�share�r modify�he�r r�sk, or r�duce�osses. These agre�men�s are on terms and�anditions tha�are sa�isfac�ory t��he mor�gage insurer and�he o�her par�y �or par�ies} �o��ese agreemen�s. These agre�ments may require�he mor�gage insurer�o make payments using any sour��of funds �ha��he martgage insurer m.ay ha�e a�a�iable�vvh�ch may include funds obtained from Mortgage Insura�.ce premiums}. As a r��ult of thes�agreements, L�nd�r, an�pur�haser af�he�ote, another�nsurer, any re�nsurer, any o�her en��ty, or any aff�l�ate flf any of the foregoing, may recei�e�d�rectly or�ndirec��y} amaunts tha��er�ve from �or m�ght be charac�erized as} a por��n of B�rrawer's payments for Mar�gage insurance, in e��hange for sharing or modifying the mor�gage�nsurer's risky ar reducing lnsses. If sucY�agreem�n�pro�vides tha�an aff�liate of L.ender�akes a shar�Qf the insurer's risk in e�c�an�e for a share of��e pre�nium�paid to the insurer, �he arrangemen� �s often�ermed "capti�e re�nsuranc�." Further: �a3 Any such agreernents will not affect the an�vunts that$arrawer ha�agreed ta pay far Mortgage Insurance, or any ather terms of the Laan. Such agreemer�ts wi�l not�ncrease the amoun� Borro�ver w��owe for Mar�gage Insurance, and they w��not en�itle Borrawer t�any refund, �h� Any�uch agreem�ents w��not affec�the r�gh�s�orrower has��f any -vvith respect to the Mortgage In�urance under the Hameowners Pro�ection Act of 1995 or any other�aw. These r�ghts may�nc�ude the righ�ta rece��e�ertain disc�osures, to reques�and obtain cance�lat�on of the Mortgag�Insurance, ta have the Nlortgag�Insurance terminated au�omatica��y, andlor to recei�e a refund af any Mortgage Insurance premiums tha��vere unearned a�th�time of such �ancei�at�on or termination. �1. Assignment of Misce��aneous Pr�ceeds; Farfeitu�e. Ail Misce��aneous Pr�ceeds are hereby ass�gned�� and sha11 be pa�d ta I�ender. If the Pr�per�y is damage�, such M�sce��aneous Proceeds shai�be appl�ed to restora�ian or repair of fih� Property, if the restora�ion or r�pa�r�s economicaily feasible ar�d Lender's se�uri�y is no��ss�ned, During such repa�r and res��ration periad, Lender sha��have the righ�ta hold such M�scellaneous Pr�ce�ds unti� Lender ha�had an opp�r�unit� �� inspect such Property to ensure�he work has�een comp�eted to Lender's N�BRASKA-Single�amily-Fannie Mael�reddie Mac UNf��RM tNSTRL3MENT Farm 3�28'�lal VMP Q VMPfi�N��{�30�1 Wvlters Kluwer Financial 5er�i�es Page 9 of 3 7