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201108174 continue to pay tio Lender the amouiit of tke separately desigi7lted payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and i•etain these payments as a non�refundaUle loss reserve iil lieti of Mortgage Insurance. Such loss reserve sh111 be non-refundable, notwithstaiiding the f�ct that the Loan is ultimately paid in fiill, �nd Lender shall not be required to pay Borrower any interesti or earnings on such loss reserve. Lender can no longer rec�uire loss reserve payments iF Mortgage Insui•aiYCe co�erage(in the amount and for the period tlla.t Lai7der requires)provided by ari insurer selected by Lendei again becoines available, is oUtained, and Lender reqtiiires separa�ely designtited payinents toward the pre�niun7s for Mortgage Insural7ce. If Lender required Mortgage InsLirance as a condition of malcing t'11e Loan and Borrower was required to make separately designated payinents taward the premitiuns for Mortga�e Insurance, Borrower shall pay the premiu�I7s rec�uired to inaintain Mortgage Insurance in ePi'ect, or to provide a non�refiuiclable loss reseive, until Lender's requirement For Mortg�ge Insurance ends ii1 accordance with any written agreeinent vetween Borrowei• �i1d Lender�roviding for suc1� terinination or until terinination is reqnired l�y ApplicaUle Law. Nothing in ilus Section 10 a�ffects Borrower's obligatiion to pay interest 1t the rate provided izz the Note. Mortgage Insuraiice reimburses Lender(or any entity that purchases the Note) foi•certain losses it m�y ineur if Borl�ov✓ez•c�oes not repay the Loai�as�greed. Borrower is not a pas•ty to the Mor�gage Insurance. Mortgage insurers evaluate tlaeir total risl�oti�ll such insuranca in foroe froin time to time, arld may enter into agre�inents with other parties tliat sh�1•e or moc�ify�heir rislc, or rednee lossas. Tliese agreements are on terins and conditib�IS that a�•e satisfactory to the mortgage insurer alzd the other party(or pa��ties)to these agreeinents. These agreements may require tl�e nzortgage insurer to�nalce paytl7ents using aiiy sotirce of fiinds t71at the inortgage iiLSUrer may have av�ilable(which inay include funds obtaiued from Mortg�ge Iusura.nce premiuins). As a result of these agreemants, Lender, any purchaser of�he Note, another insurer, any reinsurar, any other entity, or any a��liate of any af the foregoing, inay receive(dit•eotly or indirectly) asnotu7ts �hat derive fi•om (or might be characterized�s) a portion of Borrower's paymeiits for Mortga�e Insur�nce, in exchange for sharing or n�odifying t11e�nortgage insurer's risk, or i•educing losses. Tf such agreeinent provides that an affiliate of Lender talces a share of tihe irlsurer`s rislc in exchange for a share oP the premiiims paid to ihe insurer, the arraiigetnent is often terined "c�ptive reinsurance.° rurther: (a) Any siicli�gree�nents will not�f'fect the�rnonnts that Borrowei•hRS �greed to pay for MortgR�e Insiu�ance, or nny otliei�ter�ns of tlie Lo1n. Such ngree�nents will not incre�se tlie ainoiiut I3orrower will owe for Mortgnge Iusur�►nce, nnd they will not entitle�3orrower to �ny refuud. (b) Aiiy sncli ngree�nents will not affect tlie riglits Borrower has-if any-with respect to tlie Mortg;�ge Insur�iice mider the I3onieowners Protectiou Act of 1998 or 1ny other law. These riglits in;ty include tlie i�ight to receive certlin disclosures, to reqiiest ancl obtain cancellntion of tlie 1VIortg7ge Insurince, to h�ve the Mortgage Insurance terinin�ted 7ntomatically, �tnd/or to receive n refiind of a�iy Mortgnge Insiirnnce premiums tlint wei•e unearned at the lime of sncli cancellation�or termination. 11. Assignment of M iscellaneou� Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby�ssigned to and shall Ue paic�to Lender, If the Property is d�maged, such Miscellaiieous Proceeds sli�ll Ue a�plied to restoration or rep�ir of the Property, if the restor�tion or re�air is econoinically feasible and Lencier's security is not lesseiied. During sLich repair and resto�'ation periad, Lender sha11 have tha right to hold sucli Miscellaneous Praceeds until Lender h�s had an op�ortunity to iiispect suc11 Property to eiisure the worlc h�s veen con7pleted to Lencler's 231201 NEBRASI<A-Single Family-Fannie Mae/freddie Mac UNIFORM INSTRUMENT Form 3028 1I01 VM P O VMP6(NE)(1105) Wolters Kluwer Financlal Servlces Page�J of 17