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��14��377 continue to pa�t� Lender�he amoun�nf the separately des�gna�eci paymen�s�ha�v�ere due when the insurance cov�rage ceased t�be�n effect. Lender wil� accept, use and re�a�n these pa�ments as a non�r�fundab�e loss reser�e in�ieu of Mor�gag�Insurance. Such�oss r�ser�e sha��be non-refundab�e, natwi�hstanding�he fact that�he Lnan is ultimately paid�r�ft��l, and Lender shal�no�be requ�red�o pay Borrawer any in��rest�r�arnings on such lass res�r�re. Lender can no longer re�uir�loss reserve payments if Mar�ga�e Insurar�ce co�erage(in�he amoun�and far the periad�hat Lender r�quires}prov�ded by an insur�r se��cted by Lend�r again becomes availa�ie, is ob�a�ned, and Lender requires s�parately desxgnated paymen�s toward�he premiums for Mflrtgage Insurance. �f Lender required Mor�gage�nsurance as a condition of mak�ng the Loan and Borrower v�as requzred�a make separately deszgnated pa�men�s ta�rard�he premiums for M�r�gag��nsurance, Borrower sha�l pay the premiums required�o ma�ntain M�r�gage �nsurance in effect, or to provide a non-refundab�e�ass reserv�e, unt�l Lender's requ�remen�far N�or�gage Insurance ends �n accordance w��h an�v�rritten agr�ement between Borrower and L,�nder pro�iding far such ternllnation ar until�erm�nat�o�is requ�red by Appl�cabl�LaW. Na�h�ng �n this S�ction �4 aff��ts Barrovver's�b��ga�ion�o pay in�erest a��he ra�e pro�id�d�n�he No�e. Mar�gage�nsurance r�imburses Lender�ar an�en�i�y�hat pur�hases�he Note} for c,ertain losses it may incur if Borrawer does not repay the Loan as agreed, Borrawer is nat a party to�he Mor�gage Insuranc.�. Mar��age xnsurer�ewa�uate�heir�otal risk an a�l such insuranc,��n force from t�me�a time, and ma�r en�er into agreements vvi�h other par�ies��a�share or mod�fy their risk, or reduc.��sses. These agreemen�s are on �erms and candi�ions that are sa�isfac�ory�o the mor�gage�nsur�r and��e o�her par�y�or par�xes}to these agreemen�s. Thes�agreements may require th�mortgage�nsurer�o make paymen�s using an�r source af funds that the mortgage�nsurer may ha�e a�a�lable(�rhich may include funds obtair�ed from Mar�gage�nsuranr.e premiums�. As a result of these agreem�n�s, L�nd�r, any purc�aser of�he Note, anoth�r�nsurer, any re�nsurer, ar�.�other enti�y, or any affi��ate of any�f the fore��ing, may receive�direc��y or�ndire�tly}a�nounts tha�derive from �or might be character�zed a�}a por�ion af Bflrrower's paymen�s far Mor�gage�nsurance, in exchange for sharing or modifying the mor�gage insurer's risk, or r�ducing 1oss�s. �f such agr��men�prov�des�ha�an affilia�e af Lender takes a share�f�he�nsurer's risk in�xchange far a share af�he premiums pa�d ta�he �nsurer, the arrang�men�is of�en�ermed "capt��r�insurance." Further: �a} Any�uch agreements will not affect the amounts that Borrovver has agreed ta pay for Martgage Insurance, or any other term�af the Loan. Such agre�ments wil�n�t increa��the a�ount Borro►vver w��l o►w�for Ntortgag�Insuranc�, and they w��not ent�t��Borrower to any refund. 4 b 3 Any such agre�ments wi��not affect the r�ghts Borrower has�-if any -w�th respect�o the �Vlortgage Insurance under the Iiorn�eown�r�Protection Act of 1998 ar any other Iaw. These rights may�nclude the right ta rec��e certa�n dxsclosures� to request and o�tain cance��at�on of the N�ortgag�Insurance, to hav�e the IVlartgage Insurance term�nated autornati�a�ly, andlor to rec�ive a ref�nd of any�ortgage In�uran�e prexn�ums that were unearned at the time of s�ch �ancellation or terrn�nat�on. 'I'i. Assign�ent of Miscelianeous Pro�eeds: Fvrfeiture. All Misce��aneous Proceeds are��reby ass�gned to and sha��be pa�d�o Lender. �f�he Proper�y is damaged, such Miscelianeous Praceeds sha�l be ap��ed.�o restorat�an or repair of the Proper�y, if�he restoration or repa�r is�c4nomically feas�ble and Lender's security �s not les�ened. During such repair and r�starat�on p�riod, Lender shall�have�h�r�ght�o hold such Misce��aneous Proc��ds unt�� Lender has had an oppor�unity�o insp�c�su�h Propert��a ensure the work has been completed�� Lender's N�BRASKA-5ingte�amiiy-�annie Mael�reddi�Ma�UNIFQRM INSTRUMENT Farm 3428�10� VMP p VMPfitN�}�13�� Walters Kluwer�inanciaE Ser�ices Pag�9 of'#7