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201107691 continue fo pay to Lender the amovnt of the separately designa4ed paymenYs thak were due when the insurance coverage ceved[o be in effect. Lender will accept, use and retain these payments as a non-refimdable loss reseroe in lieu of Mortgage insurance. Such loss reserve shall be non-refundable, notwithsianding the fact that the Loan is ultimaYely paid in full, and Lendex shall not be required to pay Borrower any interest oi earnings on such loss reserve. Lender can no longer requue loss reserve payments if Mortgage lnsurance covernge (in the amount and for the penod that Lender requ�es)provided by an insurer selected hy Lender again becomes a�ailable; is obtained, and Lender requires separately designared payments toward the premiums for Mortgage Insurance. Xf Lender requixed Mortnage Insuran�e as a condition of making tlie Loan and Boaower was required to ma1;e separately designated.payments toward Lhe� premiLUns for Mortgage Insurance, Borrower shall pay the premiiuns required to maintain Mortgagc insurance in effect, or to provide a non-refundable loss reserve, until Lender's requirement for Mortgage Insimanee ends in accordance with auy written agreement beLwecn Borrowes and Leader psoviding for such terminarion ar uutil f�rmination is reqnlred by Appficable Law. Nothing in this Seclion 10 affects Borrower's obligation to pay interest at the rate provided 3n the NOte. Mprtgage Pnsurance xeunburses Lender(or any entity that purchases fhe Note) for cexrain]flsses it may incur if Bono�er does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insiu°mice. Mortgage insurers evaluate their mtal risk on all such insurance in force from time to time,and may enter into agreements with orher parties that share or modify their risk, or reduce losses. These agrcemeuts aze on terms and conditions that aze satisfactory-to the mor[gage insnrer and the other party(or parties) to these aerecments. These ab eements may require the mortgage insurer to make payments using any source af funds that the mortgage insurer may have availaUle (which may include funds o6tained from Mortaage Insurance premiums).. As a result of these a2reements, Lender, ang purchaser of the Note, another insurer, any reinsurer, any other enYity, ox any affiliate of any of the foregouzg, may receive (duecily or indirect1y) amounts that dedve from (or might be chuacterized as) a portion of Borrower's payments for Mortgage Insurance, in exchange far shzuing or modifying the�mortgagc insureY's risk, or reducing losses. If such a�eeement pxovidcs That as�, affiliate of Leader takes a shaze of the insurei's risk in exchange for a share ol thc premiums paid to the insnrer, the arrangemen[is often termed"captive reinsurance." Furthcr: (a) Any such agreements will not affect the amounts that Borrower has agreed Co pay for Mortgage Insnrance, or any other terms of the Loan.. Snch agreements wi11 not increase the amoimt Rorrower will owe fm-Mortg:tge Insurance, and the}�will not enritle Borrower to any rcfund. (b) Any snch agreemenYs will not affect the righfs Borrower has -if any-with respect to the Mortgage InsnranGe under tha Hemeowners proYecfion Act of 1998 or any othei'la�v. These rights may include the right to receive cert:tin clisclosures, to request and ubtain cancellatian uf the Mortgage Insurance, to ha��e the Mortgage Insurance terminated automafically, and/or to receive a ref'und of any Mortgage insurance premiums that were unearned at the rimc of snch cancellation ar termination. 19. Assignment of M iscellaneous Proceeds; ForFeiture. All Nliscellaneous Proceeds are hereby assigned to and shall be paid Yo Lender. If fhe Properry is damaged, suoh Misccllaneovs Proceeds sha11 be applied to zestoration or repaiz of the Property, if the resCOration or repair is economically feasible and Lender's securiry i,not lessened. During such repair aiid restoration period; Lender shall have the right to hold Such Miscellaneous Proceeds until Lender has had an opporiunit;%to inspect such Property to ensure the work has been completed to Lender's N EBRHSKA-Single Family-Fannie NlaelFredtlle Mac UMFORM INSTROM ENT 231�B5 VMP 8 Farm 30zB VQ1 VbiPG(NE)(11�5) VJdters Kluwer Financial Services Page 9 oi 1i