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��14�15�� contYnue ta pay to L�nder the amount of the separately designa�ed paym�nts that�ere due when the insuran�e coverage c�ased to�e in eff�ct. Ler�der vvill accept, use and retain these pa�rments as a nonwrefundable loss reserve in I�eu of Martgage Insurance, Such�oss r��erve sha�l be non-refundable, notwiths�anding the fact that�he Loan is ultim.a��Iy paid in fu��, and Lender shal�no�be required�o pay Borrower any int�re��or earnings on such�oss r�serve, Lender can no longer requir�loss reserve payments �f Mor�gage Insuran�e caverag� �in the amount and for the period tha�Lender requires}pr�v�d�d b� an insurer s�lected by Lender again becomes available, zs obtained, and Lender requires separat�ly designated payments taward the premiums for Martgage Insurance. If Lende�required Mortgage�nsurance as a con�ition of makirig the Loan and Borr�w�r tivas r�quired to ma1��separately des�gnated payments�oward the prem.iums for Mortgage Insurance, Bnrrativ�r shall pay th�premiums r�quirec� to maintain Mortgage �nsurance in effec�, or to prov�de a nan-refundabl�Ioss reserve, until Lender's requirem�r�t for Mortgage Insurance ends in accordan�e�vith an�wrztt�n agreeme��betweer�Borrowear and L�nd�r providing for such termination�r un�il terminatior�is requ�red by Applica��e Law. Noth�ng �n this Section �Q affects Borrower's ob�igatior��o pay interest at th�rate prov�ded in�he Note. Mortgage�nsurance re�ml�urs�s Lend�r�or any ent�t�that purchases the Na�� for cer�a�n losses it may incur if Barrovver does nat repa�the Loan as agr�ed. Barrower is no�a party to th�Martgage Insurance. Martgage insurers evaluate the�r�ota1 risk or� a�1 such insuraz�.c�in force frorn t�me to time, and may enter irito agre�ments vv�th other partzes that share or modify the�r r�sl�, or r�duce losses. These agreements are on terms and cor�dit�ons that are satisfa�tary to the mortgage�nsurer and the oth�r party �ar part��s}ta these agreements. These agreemen�s may require�h�mortgage�nsurer ta rnake paymen�s using any sour�e of funds that�he mort�age insurer may have ava�la��e�which may�nclude fur�ds obtain�d fr�m Mor�gage Insuran.c� premzums}, As a result of th�se agreem�nts, Lender, any purchaser of�he Note, anath�r in�urer, ax�.y reinsurer, a.ny ather ent�ty, ar any aff�liate of ar��r of the for�going, rnay recei�e�direc��y or indirectl�} amounts that deriv��rom ��r might be c�iaracterzzed as} a par��on af Borro�er's payments for 1Vlortgage�r�surance, in exchange for sharing or m�difying th�mortgage�nsurer's risk, or reducing losses. If such agreemen�provides that an affiliate af Lender tak�s a share af t�e insurer's r�.sk in��change f�r a share nf the premiums pai�.�o the insurer, the arra.�gement is of�en t�rmed "capt�ve reinsurance." Fur�h�r; �� A,.ny�uch��reemen�s yv��l not affect th�amounts�ha��orrnwer h�s a�reed ta pay for�Vlor��a�� �isurar�ce, or any oth�r terms af the Lvan. �uch agreements w�x��.o��crease�he amount �orra�er�vill ovve f�r�Vlart�a�e Insurance, �nd th�y wiil not entx�le��rrower to any refund. �h� Ar�y such a�reer�ien�s wi�l n�t affQct the r��hts Borrawer has�i�any�with re�pect to the 1Vlort�a�e Insuran�e under thQ�Iomeowners I�rotection..�ict of 1]9� or any other Iavv. These ri�hts ma�xnclude the ri�h�to receive certa�n dY�clasures, ta request and obtain can�ella�ion af the � �Iart�a�e Insurar�ce, to�a�e the 1Vlort�a�e Insur�nc�terminated automa�ically� ar�dlor to r�cei�e a refund of any Nlort�a�e Insur�nce premiums�ha�v�ere un�arned at�he�im�of such car�c��latx�n or t�rm��aation. 1�. ►�ssignm ent of ��c�llaneau� Pr�ce�ds: Forfeiture. A�� Miscellaneous Proc�eds ar�hereb� assigned to and sha��be paid to Lender, If the Property�s damage�, such Mzscellan�aus Proceeds sha11 be appli�d ta r�storation or r�pair of the Prop�rty, zf�he restnratian or repair is econom�cally feasible a.nd L�nder's securxt��s not lessened. During such repaxr and restoratian perxod, Ler�d�r sha11 have�he r�ght to hald such�Vlisce�Ianeous Proc��ds until Lender�ias had an opportuni�y to�nspe�t such Property ta �nsure the�work has be�n c�mpXeted�o Lender's NEBRASKA-Single Family-Fannie Ma�l�reddie Mac U[VI�ORM INSTRUMENT �arm 3028�141 VMP� VMP6�N�y f130�f Walters Kluwer�inar�cial 5er�ices Page 9 vf 17