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201109060 continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in eff�t. 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 sel�ted by Lender again becomes available, is obtained, and Lender requires separately designate� payments towazd the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the L,oan and Bonower was required to make sepazately designated payments toward 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 Bonower and Lender providing for such ternunation or until termination is required by Applicable Law. Nothing in this Section 10 affe�ts �nower'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. Bonower 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 agr�ments are on terms and conditions that are satisfactory to the mortgage insurer and the other party (or parties) to these agre,ements. 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 premiums). As a result of these agree�nents, L.ender, any purchaser of the Note, another insurer, any reinsurer, any other entiry, or any aff'iliate of any of the foregoing, may re,ceive (directly or indirectly) amounts that derive &om (or might be characterizefl 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 agr�ment provides that an affiliate of Lender takes a share of the insurer's risk in exchange for a shaze of the premiums paid to the insurer, the arrangement is often termed "captive reinsurance." Further: (a) Any such agr�ments will not affect the amounts that Borrower has agrced 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 entitle Borrower to any refund. (b) Any such agreements will not affect the rights Borrower has - if any - with respect to the Mortgage Insurance under the Homeowners Prot�tion Act of 1998 or any other law. These rights may include the right to r�eive certain disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated automatically, and/or to receive a refund of any Mortgage Insurance pr�iums that were unearned at the iame of such cancellation or termination. 19 . Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneaus Proceeds aze hereby assigne�i to and shall be paid to Lender. If the Property is damaged, such Miscellan�us Procceds shall be applied to restoration 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 period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Properly to ensure the work has b�n completed to Lender's NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM �NSTRUMENT Form 3028 1/Ot VMP p VMPBINE) (1105) Wolters Kluwer Financial Servicas Page 9 of 17 g � . , '� `