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��14��759 con�inue to pa��o Lender�he amount of�he separate�y designa�ed payments that were due w�en the insurance coverage ceased�a be in effec�. L.ender wili accep�, use and retain these payrnents as a non-refundab��loss reserv�in Iieu�f Mor�gage Insurance. Su�h loss reserv�shal��e non-r�fundable, no�wi�hstanding the fac�that�he Loan is ul�ima�ely paid in fu��, and Lender sha��not be required to pay Borr�wer any inter�s�or earnin�s on such loss reserve. Lender can no longer require�oss r�serve pa�ments if Mar�gage �nsurance coverage��n�he amount and far the period tha�L.ender requ�res}pro�ided by an �nsurer selec�ed b� Lender aga�n becomes a�a�lable, is o�tained, and Lender requires separa�ely designa�ed payments tovvard the prerniums for Mor�gag�Insurance. �f Lender requ�red Mortgage �nsurance as a cond�tion af mak�ng the Laan and Barrower was required to make separately designa�ed payments�o�vard the prem�.ums for Mor�gage�nsurance, Borr�wer shall pay th�premiums required�o mainta�n M�rtg�g� Insurance in effec�, or to pro��de a non�refu�.dabie�ass reser��, unti� Lend�r's re�uiremen��vr�ortgag� �nsuran�e ends �n accordance wi�h any v�r�tten agreement between Barrower and L.�nder pro�id�ng for su�h term�na�ion or un��l term�na�i�n is requ�red by Applicable Lav�. Nothing in this Section ��affe�ts Borrower's��igat�on�o pa�r�n�erest at�he ra�e pro�ided in the Note. Mnr�gage�nsurance reimburses Lender��r any ent�ty tha�purchases the Note} for�er�a�n losses it ma� incur �f Borrower daes n�t repa� the L.oan as agreed. Borr�wer is no�a par�y��the Mor��age�nsurance. Mor�gage�nsurers evaluate the�r tota� risk an all such insurance in fnrc�from��me�o�ime, and may en�er into agreements with other par�ies that share or rnodify their r�sk, ar r�du��osses. These agreements are fln �erms and cond�t�ons that are sa�isfac�ory ta the mar�gage�nsur�r and�he o�her par�y �or par�ies} to these agreements. Thes�agreem�n�s ma�require the mor�gage�nsurer�o mak�paymen�s using any source�f funds that�he m�r�gage insurer ma�have availa�le�which may �nc�ude funds a�tained from Mortgage Insurance pr�miums}. As a resu��of these agreement�, L�nder, an}�purchaser of the No�e, anather i�surer, any reinsurer, any oth�r en��y, or an�affiliate af any of the foregaing, may re�e�ve�direc�ly or indirectly}amounts�hat der��e frflm �or n�ght be charact�rized as� a portion of Borrflw�r's paym�nts far Mor�gage Insuran��, in ex�hange for sharing or modif�ing the�nort�age insurer's ris�, or reduc�ng Ioss�s. If su�h agreemen�pro�r�des tha�an affiliate�f Lender takes a s�are of the insurer'� risk in exchang�for a share of�he premiun�s pa�d�o�he �nsurer, �he arrangenZent is�ften termed "capti�r�reinsuran�e." Further: �a} Any 5uch agreements will no�affect the amvunts�hat Borrower has agreed to pay for Mor�gage Insuranc�, or any other terms vf the Loan. Su�h agreQments will not�ncrease�he am�unt Barrovver wi�l owe for Mortgage Insurance, and they wi��not entitie Borrower to any refund. 4 b� Any�uch agreemen�s wi�l not affect the rights Borrow�r has��f any-w��h respe�t�o�he Mortgage Insurance under the Homeowners Pro�ection Act of 1998 or any other law. These righ�� may�nc�ude the right tfl receive cer�ain d�sclosures, to reques�and�bta�n�ance��atian of t�e Mortgage Insurance, t�ha�e the Martgage Insurance term�na�ed autamat�cal�y, andlor to recei�e a refund of any Martgage In�urance premiums that were unearned at the t�m�oF such canc��lation or�ernc�inat�on. �7. Assignment ot Misce��anevus Proceeds; Farfe�ture. A11 Misce��aneous Prflceeds are hereby assigned to and shail be paid to Lender. �f the Propert� is damag�d, such Misce�lane�us Proceeds sha��e applied ta res�oration or repa�r of the Proper�y, if the rest�ra��on or r�pa�r is economica��y feas�ble and L.�nder's secur��y xs no��es��ned. During such repair and restoration period, Lender shall ha�e�he right�a ho�d such Misce��aneflus Proc�eds un�i� Lender has had an opportuni��r �o inspect such Proper�y�o ensure the work has been campleted to L.�nder's N�BRASKA-5ingle Family-�annie MaelFreddi�Mac UNIFQRM INSTRUM�NT Form 3028#l�l VMP� VMPfitN�y t13D�f Wolters Kluwer�inar�cial S�r�ices Pa�e 9 af i 7