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201108381 continue to pay to Lencler the amount of the separately designated p�yinents tlzat were due when tlie insurance coverage ceased to ve in effect, Leiicier will accept, use and retain tllese plyments as a non-refiuidavle loss reserve in lieu of Mortgage Insurance. Such loss i•eserve shall Ue 11on-refundable, notwitlistanding the fact that the Lo�n is Liltunately paid iu fiill, and Lender shall�ot be required to pay Borrower any interest or earnings on such loss reserve. Lender cail no longer require loss reserve payinents if Mortgage Insurance cover�ge(in the ainount uzd for the period that Lender requires)�rovided by an insurer selected Uy Lender again Uecomes availavle; is oUtained, and Lender requires separately designated payments toward the preiniuins for Mortg�ge Insur�nce. If Lender i•equired Mortgage Insurance as a conditiion of malcing the Loan and Borrower was rec�Llired to malce sepas•ately designatecl payrnents towu�d the preiiiiums for Mortgage Insurance, Borrower shall pay the preii7iu�ns required to m�iiitain Mortgage Insurance in effect, or to provide a non-ref'iinclable loss reservo, until Lender's rec�uirei�7ent foi Mor�gage Insurasice ends in accordance with any written agreement Uetween Borrowei and Lender�roviding�or sucli terinination or until termination is reqtiiired by Applicable Law. Nothing iii this S'ection 10 affects Borrower's obligation to p1y interest at tihe rate provided in the Note. Mortgage Insur�nce reimUurses Lender(or aily entity tliat purchases the Note) for certain losses it may incui• if Borrower does not repay tlle Lo�ii as agreed. Borrower is not a party to t11e Mortgage Insuranae. Morigage uis�irers evaluate thair total rislc on�all such insura�ce in force froln time to tima, ancl may enter into �greeinents with otller partres that sllare o��modify thoir rislc, or reduce losses. These agreements ar�on terms a�d eor�ditions tl7at�re s�tisf�ctory ta tlie mortgage insurer and the other party(or parties) to these ��reeinents, These agreements may require the znortgage insurer to malce payinents usulg 1ny sottrce of funds that tlie inortga�ge insurer may liave�vailable(wluch may inclttde f�tnds obtained from Mortg�ge Insura�7ce preiniums). As a result of these agreeinents, Lender, aiiy purchlser of the Note, another insurer, aily reinsurer, any other antity, or any at'�ili�te of any of the foregoing, may receive(directly or indirectly) ainounts tihat derive fi•om (or might be characterizecl as) �portioii of Borrower's payments for Mortgage Insura�ICe, in exchange for shari�ig or inodifying the mortgage insLUer's rislc, or reduciirg losses. IF such lgreeinent provides tl�at aii af�liate of Lenc�er t�kes a share of the instirei•'s rislc in exchange for a share of the premittins paid to Ehe insurer, the�rangem�nt is often teniled"captive reinsitrance.° Ftuther; (a) Any such ngree�nents will uot nffect the ninounts tliRt 13orrower lils lgreecl to p�y for Mortg��e Insurance, or an�otiher terms of tlie Loan. Such�greements will not iucrease the a�noimt Borrower will owe for Mortg:�ge Lisiu�niice, ;►nd they will�iot eutitle Borrower to any refund. (b) Any such ngreements will uot affect the riglits Borrower has-if any-witli respect to tlie Mort�lge Insiirince mider tlie I�oineowners Protection Act of 1998 or 1ny other lnw. These riglits �nny include the right to receive certnin disclosures, to request nnd out�in cnncellatio�i of the 1Vlortg�ege Iaasaarfl�ace, to lanae tlie Mortgage I�asiu��ence tea•inin�ted 7i►tona:etic111y, nnd/oi•to i�ecexve n refnud of nuy Mortgage Iusur�uce preminms thRt were nnelrned nt the time of sncli cnncellRtiori or terminntioyi. 11. Assignment of M iscellaneous Proceeds; Forfeifiure, All Miscalla�leous Proceeds ai•e hereby assigned to and shall be paid to Lender. If the Property is dam�gecl, such Miscellarleous Proceeds shall be lpplied to restoration or rep�ir of the Pi•operty, ii'the restor�tion or repair is economic�lly feasiUle and Lender's security is not lessened, During such re�flir and restoration period, Lender shall have t11e right to hold sLich Miscellaneotiis Proceetls until Leilder 11as had an opportunity to inspect such Property to ensure the work h�s been completed to Lender's NEBRASKA-Sin le Famil -Fannie MaelFreddle Mac UNIFORM INSTRUMENT 231205 VM P� 9 Y Form 3028 1101 Wolters Kluwer Financial Services VM P6(NE)(7105) Page 9 of 17