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202502905 <br />11. Mortgage Insurance. <br />(a) Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender. If Lender <br />required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums <br />required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately <br />designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance <br />coverage required by Lender ceases for any reason to be available from the mortgage insurer that <br />previously provided such insurance, or (ii) Lender determines in its sole discretion that such mortgage <br />insurer is no longer eligible to provide the Mortgage Insurance coverage required by Lender, Borrower <br />will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance <br />previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage <br />Insurance previously in effect, from an alternate mortgage insurer selected by Lender. <br />If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to <br />pay to Lender the amount of the separately designated payments that were due when the insurance <br />coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable <br />loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the <br />Loan is paid in full, and Lender will not be required to pay Borrower any interest or earnings on such <br />loss reserve. <br />Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount <br />and for the period that Lender requires) provided by an insurer selected by Lender again becomes <br />available, is obtained, and Lender requires separately designated payments toward the premiums for <br />Mortgage Insurance. <br />If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required <br />to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will <br />pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable <br />loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written <br />agreement between Borrower and Lender providing for such termination or until termination is <br />required by Applicable Law. Nothing in this Section 11 affects Borrower's obligation to pay interest at <br />the Note rate. <br />(b) Mortgage Insurance Agreements. Mortgage Insurance reimburses Lender for certain losses <br />Lender may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the <br />Mortgage Insurance policy or coverage. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and <br />may enter into agreements with other parties that share or modify their risk, or reduce losses. These <br />agreements may require the mortgage insurer to make payments using any source of funds that the <br />mortgage insurer may have available (which may include funds obtained from Mortgage Insurance <br />premiums). <br />As a result of these agreements, Lender, another insurer, any reinsurer, any other entity, or any affiliate <br />of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be <br />characterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange for sharing <br />or modifying the mortgage insurer's risk, or reducing losses. Any such agreements will not: (i) affect <br />HCFG-01221 <br />NEBRASKA-Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />Wolters Kluwer Financial Services. Inc. 2025053124.2.0.5951-J 20081203Y <br />288268025211 <br />Form 3028 07/2021 <br />03/24 <br />Page 12 of 22 <br />