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201107882 continue to pay to Lendar the amoiuit of thc separately designated pnyments that were due whev tihe insurance eaveragc ceased to be in eFfeet. Lender will accapt, use and retavi diesa�ayments as a non-refundable loss reserve in lieu of Mortgnge Insurauce. Such loss rescrve shall be non-refitndable, notwithstanding fhe fact that the Loau is uttnnately paid in Pull,and Lender shall not be required to pay Bon�ower any niterast or e&rnings on such loss reserve. Lender ean no longer require loss reserve payments iP Mortgage Insuranae coverage(in the nmount and for the period that Lender requires}provided by an insurer selected by Lender again becornes available, is obtained, and Lender requires sepnrltely designated paymants toward th�premiums for Mortga�e Insuranee. I�'Lender required Mortgaga Insuranca as a conditiou of mal<nig tlie l.,oazi and Borrower was required to make separately desiguated payments foward the premiums for Morfgagc insuranna, Borrower shall pay the premiums required to niainiain Mortgage Insurance in effect, or to provide a nov-refiuidable loss raserva, until Lender's requirement For Mortgage Insuranca ends In acaordance with any written agreement between IIon�ower and Lender providing for sueh tei�nivationor until forminaCion ie required by Applicable Law. Nothing ui this Seotion 10 aPFects Borrower's obligation to pny interest at tha rate provided in the Note. Mortgage Inauranee reimburses Lender(or any entity that purchases Yhe Notc) Por certain loases it may incur if IIorro�ver does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Morkgnge inst�rers evahiate their total risk on all such lnsura�ice ip fm•ce from time Yo time,and may anter iuto agreemants with other partias that share or modify the'rr risk, or reduce losses. These agreemenfs are on terms and conditions that are satisfacWry to Yhe mortgage insurer and the other party (or parCiesj to these a�reements, These agreements m�y requica the mortgage insurar to malce paynients ueing�any source of funds that the mortgage insurer may have availaUle (which may include funds obtained from MoMgage Insurance premiums). As a result of these agreements, Lender, any purchascr of the Note, another insurer, any reinsurer, any other entity, or any affiliate o£aary of the foregoing, may receive (directly or indireetly) a�nounts tliat derive from (or might be characYcrized as) a portion of Borrower's p¢yments for Mortgaga Hisurancc, in axchange for sharing or modifying the mortgage insurar's risk, or reducing losses, [f such agreement provides that an affiliate of l,euder talws a share of the iusurer's ruslc in axchange for a share oFthe premiums paid to tho insurar, the arraugament is oflen tormed "oaptive reinsi�ranoe." Further: (a) Any sucN a�reements will not affect the amounts that Borrower has agreed to pay for Mortgage insorance, or any other terms of the Loan. Such sigreements will not increase the�mount Borrower will owe far Mortgage Insurance, and they will not entitle Borrower to any refimd. (b� Any such agreemenCs will not affect tl�e rights Borrower has- iP any-with respecC to the Martgagc L�surunce under the Humeowi�ers Yrotection Act of 1998 or any other Inw. These rights may include the right to receive certain disefosurca, to reqaest and oUtain cancellation of the Mortgage Insurance, to have the Mortguge Insurance termircated aukon�atically, �nd/or to receive a refund of any Mortgage L�surnnce premiums that were unearned at�the time of such cancellation or termivatiou. 11. Assignment of Miscellaneous Proceeds; ForFeiture. Ail Miscellaneous Proceeds are here�y assigned to and shall ba paid to Leuder. If the Property is damaged, such Misecllaneous Prooeeds shall be applied to restoratiou or ropair of the Properry, if tl�e restoration or repair is economically £easibla a�id Landar's security is not lessened. During suoli rapair aud restoration period, Lender shall hava the right to hold such Miseellaneous Procaads until Lender has had 1n opportunity to inspect such Property to ensure Yhe work has been eomplatad to Lender's 2attsa NEBRASKA-Single Famlly-Fennle M eolFreddia Mrao ONIFORM INSTRUMENT Form 3028 1701 � VMP VMPa(NE)(11051 Woller�s Kluw erFlnandal daovlcaa Page 9 oF 17