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201108949 continue to pay to Lender the amount of the separately designaCed 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 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 malcing 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-reiiindable loss reserve, until Lender'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 Section 10 affects Borrower'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 Borrower does not repay the Loan as agreed. 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 are on terms and conditions that are satisfactory to the mortgage insu��er 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 tlie 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 oP the fot�egoing, may receive(directly or indirectly)amounts that derive from (or might be characterized as) a portion of Barrower's payments for Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's risk, or reducing losses. If such agreeinent 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 arrangement is often termed "captive reinsurance,° Further; (a) Any such agreernents will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loaii. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance,and they will iiot entitle Borrower to aiiy refund. (b) Any such agreemeuts will not affect the rights Borrower has-if any-with respect to the Mortgage Insurance under the Homeowners Protect�on Act of 1998 or any other law. These rights may include the right to receive certain disclosures, to request and obtain cancellation of the li�Iortgage Insurance, to have the 1Vlortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaiieous Proceeds are hereby assigned to a�d shall be paid to Lender. If the Property is damaged, such Miscellaneous Proceeds shall be applied to restol�ation or repair of the Property, if the restoration or repair is economically feasible and Lender's security is iiot lessened, During such repair and restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property to ensm�e the work has been completed to Lender's 231226 NEBRASKA-Single Famlly-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Oi VMP QO VMP6WE)(1105) Wolters Kluwer Flnancial Servlces Page 9 of 17