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2�11�8171 required to obtain coverage substantiaHy equivalent to the Mortgage Insurance previously in effeet, at a cast substantiaNy equivalent to the cost to Borrower of tfie Mortgage Insurartce previousiy in effeet, from an altemate mortgage insurer selected by Lender. If substan�ally equnralent Mortgage Irtsurance coverage is not avaitable, Bonower shafl continue to pay to Lender the amo�rrt of the separateiy designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use and retain these payrrrents as a nort-refundabfe ioss reserve ir� iieu ofi Mortgage Ir�surance. Such loss reserve shail be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lernier shalf not be tequired to pay Barrowrer any interest or earnings on such ioss reserv�. Lender can no longer rec�uire lo�s resenre payments if Martgage Ins�trance coverage (in the amourrt and for the period that Lender requires} provided by aft i�surer se4ected by Lender ag�in becc�r�es availabie, is ob#aineci, and Lender requires separately designated payments toward the premiums for Mortgage I�surance. I# �ender rec}t►ired Mortgage Insurar►ce as a condition af maki►�g the Loan and 8or�c�aeF was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrowex shaU pay #he premiums required to matntain Mortgage l�urance in e�fe�t, or to prflvids a non-refundable loss reserve, untii Lende�'s requirement far Mortgage Insurance ends in accordance virith a�y avrit#er� agreeme�t t�fiivee� Btu�cwver and Lencler providir�g fof suc� #er�nina#9ac► or u�til tecr�tination is required by Applic�able Law. Nothirig in this Seccti�on 10 affects Barrower's oWigation ta pay irrterest at the rate provided tn the #�tvte. Nlortgage Insurance reimburses Lerjder (or any enti#y that purchases the Note} for certain losses it may irtcur i€ 8orrower does nc�t repay the Loan as agreed. Bcxrower is not a partq tv the Mc7rtgage Insurance. Mortgage insurers evafuate their totai �isk on aH sueh insu�ance in foree fro� time to tin°re, and may enter into agreemer�ts with other parties that share or modify their risk, or reduce losses. These agreemerrts are on terms and canditions that are safisfaatory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require the mortgage insurer to make payrrients asirig any svuFCe ef furrds fttat the mortgage insu�et may tiave �nraiiable (wMich may ir�cte�de #unds obtained frQm Mortgage Insurance premiums). As a resuEt of these a�rrtents, Lender, atty purchaser of the Nate, anottter insurer, arty reinsurer, any other entity, or any affilia#e of any of the foregoing, may receive (directly or mdirectly) amot��ts titat der'we fram (r� rnight be ettaracterizeci as) a por�ion of Bc��rawer's pay�#s � AAortgage insurance, in exc,�ange fior sharing or modifying the mortgage insurer's risk, or reducing losses. I� such agree�er�t provides that ar► a�'iltate of Lender ta#ces a s�e of the ir�surer's �isk in exchat�e #or a sl�are o# the premiums paid to tMe insurer, fhe arrangement is often termed "captive reinsurance.° Further. 4�1 �y such agreeme�ts vvill �not atfect #he amaur�#s tha# Borrower has agreed #o pay for Alortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amauat Bc�rrow8r wiN owe #a� Mcutgage lnsurar}ce, an� t�iey writl �o# entitle 8o�rovver to any refund. (b� Any sttch agreemeftts wi#I nat a€�eat the rights Barroarer has — i# any — writh rss� to the Mortgage lnsurance under the Homeowners Protection Act of 1988 or any ather law. These rights may #nc1e� the right to receive certain disciosures, to r�quest and obtain canceiiat#on of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a�efund of any Martgage Mstrrance prerr�itmrs #hat were uneamed at the iime of such cancellatiort or termirtation. 11. Assignmerrt of Miscettaneous Proceeds; Forfeiture. Ai1 Misceftaneous Proceeds are hereby assigned to and shali be paid tv Lender. kF tFte Pr�operty is darrtaged, sueFt Miseeifat�et3us Proeeeds shati be appiied to restora'Eit�n ar repair of the Property, if the restoration or repair is economicaity feasible and Lender's security is not lessened. F3uriflg suc#� repair and restoration peri�t, Lerrder shaN have the �gfi# to hotd sucM Miscellanecxss Proceeds unti! Lender has had ar� opporturtity to inspeat such Property t� ensure the ,� been c� � 3 O O O 1 6 9 1 7 1�* �* M C M D O T� NEBRASKA—Sir�gle Family-Fannle Mae/Freddte Mac UNIFORM INSTRUMENT Form 3d28 1/01 (page 8 of 14 pages) Fir�te Docurr�er�t Services � 302t 02I06