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�01107509 continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall he non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be requir� to pay Borrower any interest or earnings on such loss reserve. Lender can no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the geriod that Lender requires) provided by an insurer selected by Lender again becomes available, is obtaine�, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of maldng the Loan and Bonower was required to make sepazately designated paymerns towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums requirefl to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insurance ends in accordance with any written agreement betw�n Borrower and Lender providing for such termination or until termination is required �y Applicable Law. Nothing in this Se�rion 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity thaL purchases the Note) for certain losses it may incur if Bonower does not repay the Loan as agreefl. Bonower is not a party to the Mortgage Insuranca. 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 shaze or modify their risk, or reduce losses. These agr�ments aze on terms and conditions that are sarisfactory 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 available (which may include funds obtained from Mortgage Insurance premiums). As a result of these agr�ments, Lender, any purchaser of the Note, another insurer, any reinsurer, any other enrity, or any affiliate of any of the foregoing, may receive (directly or indire�tly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Insutance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agrcement provides that an affiliate of Lender takes a shaze of the insurer's risk in exchange for a share of the premiums paid to the insurer, the azrangement is often termed "captive reinsurance. " Further: (a) Any such agreements will not affect the amounts that Borrower has agrced to pay for Mortgage Insurance, or any other terms of the Loan. Such agrcements will not increase the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to re�eive certain disclosures, to request and obtain cancellation of the Mortgage Iosurance, to have the Martgage Insurance terminated automatically, and/or to rec:eive a refu�d of aay Mortgage Insuran�e premiums that were uuearned at the time of such cancdlataon or termination. 17. A�signm�at o# MisceBaneous Proceeds; Forfeiture. All Miscellaneous Procceds aze hereby assigned to and shall be paid to Lender. If the Properly is damaged, such Miscellan�us Proceeds shall be appliefl to re.storarion or repair of the Properiy, if the restoration or repair is economically feasible and Lender's s�urity is not lessened. During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Procceds until Lender has had an opporiunity to insp�t such Property to ensure the work has b�n completed to Lender's NEBRASKA-Single Family-Fannte Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/O7 v�P � VMP6(NE) (1105) Wolters Kluwer Financial Services peg9 g a{ � 7 � �� ,