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2� 1 ��8� 15 <br /> c�ntinue to pay�o Lender�he amoun��f the separa�el�designated paymen�s�ha�were due vvh�n�he <br /> �nsurar�ce co�erage ceased to be zn effec�. Lender wil� accept, use and r�tain�hese payments as a <br /> non-refundable loss reser�e�n l�eu of Mor�gage Insurance. Such loss reserve sha1�be non�refunda�le, <br /> no����hstan�ing�he fact�ha�the Loan is ui�imately pa�d�n fu��, and Lender sha�� not be required�o pa� <br /> Borrower any interest�r earnings on such loss reser�e. Lend�r can no�on�er require loss reserve payments <br /> �f Mort�ag�Insurance c��erage�in�he amount and for the per�od that L�nder requires}provided by an <br /> �nsurer selec�ed�y L.ender again becames a�ax�a�le, is obtained, and Le�der requ�res separate�y designa�ed <br /> paym.en�s toward the premiums for Mor�gage�nsurance. If Lender required Mor�gage�nsurance as a <br /> canditian of making the Loan and Barrovver was required to make separa��Iy designated pa�ments�oward�he <br /> premiums for Mor�gage Insurance, Borr�v�rer sha��pay the prenl�umis requ�r�d to ma�ntain Mar�ga�e <br /> Insurance in effe��, ar to pr�vide a non-refundab�e�ass reser�e, un�il Lender's requ�re�nen�for N�or�gage <br /> �nsurance�nds �n accordance wi�h any wri�ten agreement between Borr�wer and Lender pro�iding f�r such <br /> �erminati�n�r until termination is requ�red by Appi�cab�e Law. Nothing �n th�s Sec�ian 10 affe�ts <br /> Borraw�r's fl��i�a�ion to pay ir�teres�at the rate pro�r�ded in the No�e. <br /> N�artgage�nsurance re�mburs�s Lender�or any en���y tha�purchases the Note} for c�rta�n loss�s it may �ncur <br /> if Borrower does no�repay the Loan as agreed. Borrovver is n�t a par�y to the Mor�gage Insurance. <br /> Mor�gage insur�rs e�va�ua�e their totai ris��n a�� such insuran�e in for�e from.time�o tin�e, and may�n�er <br /> inta a�reements with o�her par�ies that shar�or mod�fy�heir r�sk, or reduce�osses. 'I`hese agr�en�en�s are on <br /> terms and eonditi�ns that are sat�sfactory t�the mor��age insurer and the other par�y �or parties}�o�hese <br /> agreemen�s. These agreements may require the m�rtgage insurer t� make pa�menrs using an� s�urce�f funds <br /> tha�the mor��a�e insurer ma�r ha�e a�ailable�wh�ch ma� �nclude funds ab�a�ne�i from Mortga�� �nsurance <br /> premiums}. <br /> As a result of the�e agre�n�.ents, Lender, any purchaser af�h� N��e, another insurer, any reinsurer, any�ther <br /> en�ity, or any aff�iia�e of any of the foregoing, may re���ve�directl�or indir�G��y} amounts tha�deri�e from <br /> �or might be charac�erized as} a p�rtion af Borro�v�r's pa�ments for Mflrt�a�e Insurance, �n e�Ghange for <br /> sha�-�n�flr mod�f�ing�he mort�a�e �nsurer's r�sk, or reducing losses. If such agree�men�pra�r�des�hat an <br /> af�iia��of Lender�akes a shar�flf th��nsur�r's risk �n exchan�e for a s�aare of the premiums paid�o�he <br /> insurer, �he arrangemen� is often�errned "capti�r�reinsurance." Further: <br /> �a 3 Any such agreenr��nts�c�v��l not affec�th�amoun�s tha�.Borr�wer has agreed to pay for 11�Ior�gage <br /> Insurance, or any o�her��rms of�he Loan. Such agreements wi�l not�ncrease�he a�noun� <br /> Barrower��i��owe for Mortgage Insurance, and�hey ��vi�l not en�it�e Borrnwer�n any refund, <br /> �b} A��y such agreements►��vill not affec�the rights Borrower has�if any -wi�h resp�ct fa the <br /> Mor�gage Insurance under�he Ho�n�owners Protecti�n Act of 1995 �r any o�her�a►��v. These r�ghts <br /> may inc�ude�he right�o receive certa�n disc�osures, to requesf and ob�ain cance��ation af the <br /> Mortgage Insurance, to have the Mor�gage Insurance��rm�na�ed au�omaficai�y, andlor to rece�ve <br /> a refund of any�Vlortgage Insurance pr�miums tha� were unearned at the t�m�af such <br /> cance��at�on or term�na�ion. <br /> �1. Assignment af Misce�laneous Proceeds; Forfeitu�e. A1� Mzs��Ilaneous Proceeds are hereby ass�gned to <br /> and shal�be paid to Lender. <br /> �f the Proper�y is damaged, such N�isce�laneous Proce�ds sha�i b�applied�o restara�ian or r�pa�r�f the <br /> Prop�rty, if the res�oration or repa�r is�conomically f�as�t��e and Lender's security is nat l�ssen�d. During <br /> such repair and res��ration period, Lend�r shai�have�he right to h��d such M�scellaneous Proceeds unti� <br /> Lender has had an�ppor�un�ty�� inspec�such Property ta ensure the work has been�omp�e�ed�o Lender's <br /> N�BRASKA-Single�amily-Fannie MaelFreddie Mac UNIFQRM lNSTRUM�NT Farm 3��8 i 101 <br /> VMP fl VMPfifN�i[13d2} <br /> Wolters Klt�wer Finar�cia!5er�ices Page 9 of 17 <br />