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�0110887i 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 loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall 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 the period that L.ender requires) provided by an insurer selected by Lender again becomes available, is obtainefl, and Lender requires separately designated payments towazd the premiums for Mortgage Insurance. If L.ender 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, Borrower shall pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lznder's requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this S�tion 10 affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender (or any enrity that purchases the Note) for certain losses it �y incur if Borrower does not repay the Loan as agr�. Borrower 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 agreements 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 thes� agreements. These agr�ments may require the mortgage insu.rer 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 result 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 re,ceive (dire,ctly 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 Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer, the azrangement is often termed "captive reinsurance." Further: (a) Any such agreements will not affect the amonnts that Borrower has agre� to pay for Mortgrage Insurance, or any other terms of the Loan. Such agreements will not incr�se the amount Borrower will owe for Mortgage Insurance, and they will not entitle Borrower to any refund. (b) Any such agr�ments will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Hom�wners 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 terminateil automatically, and/or to �eceive a refund of any Mortgage Insurance premiums that were unearnerl at the time of such can�llation or tea�mination. 91. Assignm�t of Miscellaneous Proceeds; Fo�°fe'iture. All Miscellan�us Proceeds are hereby assigned to and shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and Lender's s�urity is not lessenefl. During such repair and restoration period, Lender shall have the right to hold such Miscellan�us Proccefls until Lender has had an opportunity to inspe�t such Property to ensure the work has b�n completed to Lender's NEBRASKA-Single Fam1ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP 0 VMP81NE) (1105) Wolters Kluwer Financial Servic� Page 9 of 17 i �3 � �