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201108399 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 will accept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such Ioss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender sha11 not be required to pay Borrower 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 ihe period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward 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 toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required 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 agreement between Borrower and Lender providing for such ternunation or until termination is required by Applicable Law. Nothing in this Section 10 affects Barrower's obligation to pay interest at the rate provided in the Note. Mo�tgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it may incur if Bonower does not repay the I.oan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on a11 such insurance in force from time to time, and may enter into agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terms and conditions that are satisfactory to the rnortgage insurer and the other party (or parties) to these agreements. These agreements 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 premiwns). As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any other entity, ar any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower'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 aff'iliate of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance. " Further: (a) Any such 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 amount Borrower will owe for Mortgage Insurance, and they will not entitte Borrower to any refund. ib) Any such agreements 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 cancettation of the Moctgage Insurauce, to have the Mortgage Insarance terminated automatically, and/or to receive � r�und of any Mvrtgage Insurance premiums that were unearned at the time of such canceilation or tennination. '1'1. 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 Proceeds sha11 be applied to restoration or repair of the Properiy, if the restoration ar repair is economically feasible and Lender's security is not lessened. During such repair and restoratian period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has ha@ an opportunity to inspect such Property to ensure the work has been completed to Lender's NEBRASKA-Sin81e Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot VMP B . . VMP�a9e191 f05� Wolters Kluwer Financial Services . � � ��