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��1�1�444 continue ta pay to Lender the amaunt af the separately designa�ed payments that were due when the insurance ca�erage ceased�o be in eff�ct. Lender wiil accept, use and retain these payments as a non--refundable loss r�serve�n lieu of MarCgage In.suran�e. Such Iass reser�e sha1�be non-refundable, not�vithstan.ding the fact that the Loan�s ultzmately paid in fuli, and I.�nder shall not be r�quired ta pay Barrower any interesx or earnings on sueh Iass reserv�. L,�nder can no longer require�oss reserve paym�nts �f Mortgage Insurance co�erage(in�he am�unt and for the period tha�Lender r�quires}pro��ded by an in�urer se�e��ed by Lender again be�omes a�a,ilable, is obtained, and Lender requires s�para�ely des�gnated payments toward th.e premiums for Mar�gage�nsurance. If Lender require,d Mortgage Insurance as a condition of m�aking�he Loan and Borrower vWas required to make segarately designated payments�oward the prem�ums far Martgage Insurance, Barravver sha11 pay the premiums required to maintain Mortgage Insurance�n effec�, or to pro�ide a non�refundab�e loss reser�e, un�i�Lender's requirement for Mortgage Insurance ends in acc�rdance wi�h any written agreement bet�veen Bortawer and Lender prv�ridxng for such termination or unti�termination�s requ�red by Appl�cabl�Law. Nothi.ng in thYs Sec�ivn 1�affects Barrawer's ab�iga�ian t�pay in�erest at the rate pro�ided in the Nate. Mor�gage Insurance reimburses Lender�or any enti�y�hat purchases th,e No�e}for certain losses it may x.ncur if�rrawer does no�repay th.e Loan as agre�. Borrower is no�a par�r to the Mor�gage Insurance. Mor�gage in,surers e�a.lua�e�hexr tota.�risk on a1I such insurance in force from�ime ta time, and may enter into agreements with other parties tha�share or m�dify their risk, ar redu�e��sses. These agreements are on terms and conditions that are sat�sfactvey ta the marCgage insurer and the o�lier par�y(or parties}to these agreements. 'I`hese agreements may require the martgage insurer to make paym�nts using any saurce of funds that the mor�gag�insurer may ha�e available�which may inc�ude funds obta.ined from Mortgage Insurance premiums}. As a result af these agreemen�s, Lender, any pur�haser af�h.e Note, ano�her in�urer, any reinsurer, ar�y other entity, or any affiliate of any nf�he forego�ng, may recei�e�direc�ly or indire�tly}amounts�hat deri�e fram (or might be characterized.as}a pvr�ion of B�rrower's payments for Martgage Insurance, in exchange for sharing or modifying the mortgage�nsurer's r�sk, ar r�iucing losses. If such agreement pro�id�s that an affiliate of Lend�r�akes a shar�vf the insur�r's r�sk in�xchange far a share of�he pr�xniums pa.id to�ie insurer, the arrangement is often termed "cap#��e reinsurance." FurCher: �a� Any such agreements��I not af'fect the amounts that Borrower has agreed to pay for Mvrtga.ge Insur�nce, or any other ter�mis o�the Loan, Such agreements w�ll not�increase the amount Borrower wi�I owe for Mvrtgage Insurance, and they w��l not entitle Borrower tQ any refund. t b� Any such agreements will no�affect the rights Borrower ha�-iF any-w�th respect to the Mortgage Insurance under the Homeawner�Prot�tion Act of 1998 or any other law.These rights may include the right to rece�ve certann disc�osures, to requ�t and obtain cancellat�on of the Mortgage Insurance, to ha�e the Martgage Insurance terim�inat�automafic�ll�, andl�r to rece��e � a refund of any Mortgage Insurance prem�ums that were unearner]at the txme vf such cancellation or term�nation. '['[. Assignment af Miscelianeous Proceeds; Forfe�ture. A�l Mis�e�laneous Praceeds are her�by ass�gn�d ta and shali be pa.id to Lender. If the Property is damaged, such Miscelianeous Proceeds sha11 b�applied to restvra�ian ar repa�ir of the Properry, if the r�storatxon or repair is ecanomica.�xy feas�ble and Lender's securi��s not lessened. During such repair and restoration period, Lender sha11 ha�e the r�ght ta hvld such Miscellaneous Prvc�eds until Lender has had an opp�rtu�uty to inspect such Prvperty�o ensure t�ie wark has been camplet�d ta Lender's NEBRASKA-Single Family-Fanrne Mael�r�dd�e Mac UNIFflRM INSTRUM�NT �orm 3028 710T VMP C� VMPfi(NIE)t3 9�5f.0� Wa�iers Kluw�r Financiai Ser��c�s Page 9 af i 7