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201109302 continue to pa:y to Lei�der tlie�mount of the separately designated payinents thlt were dtie when the i�surance covei•age ceased to Ue in effect. Lender will lccept, use aiid retain these payinents as a non-refiindable loss i•eserve in lieu of 1Vlortg�ge Insuraiice. Such loss reserve shall Ue ilon-refiuldaUle, notwitlzstai7ding the fact tl7at the Loan is ultimately paid in full, and Lender shall not ba r�quired to�ay Borrower 7��interesi or eai°nings on such loss reserve. Lender can no longer require loss reserve payments iP Mortga�e Insuranca coveraga(in the alnoLint a1�d for the period th�t Lender requires)�rovidecl by an insurer selected by Lender again becomes availaUle, is oUt�ined, �tnd Lender requires se�arately designated payinents towat•d the preiiliuins for Mortgage Insurance. If Lender required Mortg�ge Iiisurance as a condition oF inalcing t11e Loan aslci Borrower was rec�uired to m�1ce separ�titely designated payii7ents toward the preiniums for Mortgage Instu•ance, Borrower shall pay the premituils required to inaintain Mortgage Tnsurauce in effect, or to provide� non-refunclaUle loss reserve, until Lender's requircment for Mortigage Insurance ends ii1�ccordance with�iiy written agreement between Borrower 1nd Lender�rovidin�For sucli tern�ination or until tei7i1u1ation is required by Ap�licable Law. Nothing in this Section 10 affects Borrower's obligation to�ay interest at the rate provided in the Note, Mortga.ge Insurance i eimburses Len�ler{or auy entity that�ui•chaees the Note) for cartain losses it may incur if Borrower does not rel�ay the Lo�n as 2greed. Borrower is not�p�rty to the Mortgage Insur�nce. Mortgage insurers evalulte their total�islc on a11 such instu•ance in force froin time fo tin2e, aslcl may enter into agreements with other parties that sliare or inodify their rislc, oi•recl�,tce losses. These agreements are on terms and conditions that are satisfactor�to the inortgage insurer and the other party(or pasties)to tliese agreements. T11ese agreements inay require the mortgage instirer to inalce plyments using 1ny source of funds that the�nortgage insurer may have ava.il�ble(which m�y irlclude fiinds obtained fi-o�n Mortgage Iilstu�a�ce pYelYllLlYl1S�. As�result of tliese�greements, Lender, �ny purchaser of the Note, aiiother insurer, any reinsurer, aily other entity, or any�tiffiliate of auy of the foregoing, may receive(directly or inclirectly) lmounts that derive from (or might Ue c11ai•acterized as)a portion of Borrower's payineilts for Mortgage Tnsurlilce, in exchange for sharing or inodifying the inortg�ge iiisurer's rislc, or reducing losses. If such�greeinent provides that�n affiliate of Lerider talces a share of tlie insurer's rislc in exohange for a shas•e oF�he premiuins paid ta the uisurer, tl�e a3�i�angement is often teri�ed"captive reinsur�nce." Ftuther: (a) Any such ngreemeYits will not affect tlie nmoitnts that I3orrower lins agreed to pny for Mm�tgnge Insiu�nnce, or nny other terms of the Lonn. Sitdi:�gi•ee�nents will not i�icre�se tlie �mount Borrower will owe for lYIortgl�e Iiisur�uce, and they will not entitle I3orrower to nny refund. (b) Any such agreements will nat�ffect tlie ri�lits Bor��ower has-if any-witli respect to tlie Mort�age Iusiu�ance iuider the IIomeowuers Protection Act of 1998 or nny other lnw. Tliese rights �nay iuchrde the right to recefve cei�tnin disclosures, to request aud obt�iYt cancellation of tlie Morlgnge Insru•�nce, to hRVe the Mortg�ge Iusui•ance termiyiated antomntically, �ud/or to receive n refiincl of nny Morlgage visiu��uce preiniums th�►t were une�rned 1t tlie time of sucli c�ncellnlion or termin�tion. 11. Assignment of M iscellaneous Proceeds; Forfeiture. All Miscella��eous Proceeds are hereUy assigi�ed to and shall Ue paid to Leiader. Tf the Pro�erty is da�ilaged, such Miscell�i�eous Proceeds sha11 Ue applied to restoration or repair of the Property, i�'the i estoratian or repair is econonzically feasible and Lender's security is not lesseiled. During such repair and restoration perioc�, Lender shall have the rigl��to IZOId such Miscellaneous Proceeds until Lender has h�d ai1 op�ort�inity to inspect such Property to enaure the worlc has been completed to Lender's 231232 NEBRASKA-Single Family-Fannie M ae/Freddle M ac UNIFORM INSTRUM ENT Form 3028 1/01 VM P O VM P6(NE)(1105) Wolters Kluwer Financlal Services Page 9 of 17