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201101020 required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Morfgage Insurance previously in effect, from an altemate mortgage insurer selected by Lender. If substantialiy equivalent Mortgage insurance coverage is not availabfe, Borrower sha11 cantinue to pay to L.ender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender witl accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. 5uch loss reserve shall be non-refundable, notwithstanding tf►e fact that the Loan is uitimateiy paid in full, and Lender shaN not be required to pay Borrower any interest or eamings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. ff Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separa#ely designated payments toward the premiums for Mortgage lnsurance, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, unti! Lender's req�irement for Mortgage Usurance ends in accordance with any written agreement between Barrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any enti4y that purchases the Note) for certain losses it may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payments using any source of funds that the mortgage insurer may have availabie (which may indude funds obtained from Mortgage Insurance premiums). As a result of these agreements, Lender, any purchaser of tt�e Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directiy or indirectly) amounts that derive from (or might be characterized as) a portion of Sorrower's payments for Mortgage Insura�ce, in exchange for Sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "capfive reinsurance." Further: (a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for AAortgage Insurance, and they wifl not entitte Borrower to any refund. (b) Any such agresments wiH not affect the rights Borrower has — if any — with respect to the Mortgage Insurance under the Homeowners Protection A�ct of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a �efund of any Mortgage Insurance premiums that were unearned at the time of sucfi cancetlation or terminatian. 11. Assignmerrt of Miscellaneous Proceeds; Forfeiture. Afl Miscellaneaus Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if #he restoration or repair is economically feasibte and Lender's securiiy is not tessened. During such repair and restoration period, Lender shaN have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been � �I� (� �tl � Allt �t I � * 3 O O O 1 4 4 2 8 5� � M C M D O T+� NEBRASKA--Single Family-Fanoie MaslFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 (pa� 8 of 14 pages) Mortgage Cadence, LLC � 3027 02/Q6