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20�108219 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 wilt accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and I.ender shall not be required to pay Bonower 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 period that Lender requires) provided by an insurer sel�ted by Lender again becomes available, is obtain�, and I.ender requires separately designated payments towazd the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments towazd the premiums for Mortgage Insurance, Bonower shall pay the premiums require� 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 agr�ment between Borrower and Lender providing for such termination or until ternunation is required by Applicable I.aw. Nothing in this Se�tion 10 affects Bonower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Bonower does not repay the Loan as agreefl. Bortower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may enter into agr�ments with other parties that share or modify their risk, or reduce losses. These agreements aze on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agree�ments 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 re.sult of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Bonower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreement provides that an affiliate of I.ender takes a shaze of the insurer's risk in exchange for a share of the premiums paid to the inswrer, the arrangement is often termed "captive reinsurance. " Further: (a) Any snch agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan. Such agreements will not increase the amoeuit Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any s�ch agrcements 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 receive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, andlor to receive a refund of any Mortgage Insurance premiums that were unearned at the t3me of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceerls shatl be applied to restorarion or repair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration periad, Lender shall have the right to hold such Miscellan�us Proc�s until I.ender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's NEBRASKA-Sfngle Family-Fann(e Mae/Freddte Mac UNIFORM INSTRUMENT Form 3028 7/01 VMP � VMPB(NEf (11061 Wofters Kluwer Ftnancial Servfcaa Page 9 of 77 ,, � + ; , , '.a � '