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��14�1�9� continue to pa�t� L�nder the am�unt af the separate�y des�gnat�d payments�ha�w�re due when the insurance�n�erag�ceased�o�e in effect. Lender w��accep�, use and reta�n�h�se payments as a non-refundable��ss reserve�n Iieu af Martgage Insurance. Such Ioss reserv�shal�b�n�n-refundable, notwiths�andxng�he fact�ha��he Loan�s ui�imately pa�d �n fu��, and L�nder sha�� not be required to pay Bnrrow�r an� �nteres�or�arn�ngs o�such I�ss res�r�e. L.�nder can no longer require loss re�er�ve pa�men�s if Mor�gage�nsuranc�caverage��n the am�unt and for the period that Lender r�quires}provided by an �nsurer selec�ed by L�nder again becomes avai�able, is obtained, and Lender requires separately�esigna�ed paym�nts toward the premium.s f�r N��rtgag��nsurance. �f Lender requ�red Mor�ga�e Insurar�ce as a condi��on of mak�ng the L.�an and Borrower�vas required ta make separa�e��designaYed�ayments to�vard the premiums for Mfl�gage InsuranCe, Borrower sha11 pay the pr�m.�ums required to ma�n�in�or��age �nsurance�n effect, or to pro��de a nan-refundable I�ss res�r�e, until Lender's requiremen�for N�or�gage �nsurar�ce ends in accordance with an�wr�tten agreement b�tween Borrower and Lender pra�iding f�r such �errninat�on�r until termination�s required b� Applicab�e Law. Noth�ng in�his Sec��on �4 affects Borrower's obligation�o pay interes�a�th�rate provided in�he Note. Mor�gage Insuran�e reimburses Lender�or any ent�ty that purchases the N��e} for cer�ain losses i�may�n�ur if Borrower does no�repa��he Loan as agre�d. Borrow�r�s nn�a part��o�he Mortgage�nsurance. M�r�gage�nsurers e�a�ua�e�he�r total risk on a�� uch insurance in force from�ime to time, and may enter in�o agreement� with o�her part�es that share or mod�fy the�r risk, or redu��l�sses. These agre�ments are on �erms and conditi�ns tha� are sat�sfa��ory to the mor�gage insur�r and the o�her party �or parti�s} �a these agreenzen�s. These agreemen�s may r�quire�he mor�gage�nsurer to mak�payments using any s�urce�f funds �ha��he mor�gage�nsurer may ha�ve available�which may include funds ob�a�ned from N�ortgage�nsurance premiums}. As a r�sult of�hese agr�ements, Lender, any purchase�of the Note, ano�her insurer, any re�nsurer, an�o�her �nt�t�, flr any affi��ate of an� af the foregoing, may recei�ve�directly nr indirectly} am�unts�ha�derive from �or mi�ht be�haracter�zed as} a portifln�f Barrower's paymen�s for Mor�gage Insuran�e, in exchange for sharing or modifying the mor�gag��nsurer's risk, or reduc�ng Iosses. �f such agreement pro�rides tha�an affi�ia�e af Lender�akes a share af�he insurer's r�sk�n exchange for a�hare of�he premiums paid�o�he �nsurer, the arrangement is of�en termed "�ap�ive rein�urance." Further: �a� Any such agreements►vv��i not affect�he amounts�hat Borrower has agreed to pay for Niortgage Insurance, ar any v�her�erms�f the Loan. Such agreement�wxli not in�reas��he amount Borro►wer will awe for Mor�gage Insurance, and#hey w�I�not en��t�e Bnrrovver to any refund. �b� Any such agreem�n��v��nat affec�the righ�s Borrower has-if any�with resp�ct to�he Mar�gage InSurance under the�Iomeowners Pro�ection Act of 1995 or any other�aw. These r�gh�s may in�lude the righ�to rece�ve certa�n d�Sclosures, fio reques�and obtain can�e��ation of the Mar�gage Insurance, to ha�e the 1Vlortgage Insurance term�nated automa�ical�y, andlor to recei�e a refund of any Mortgage Insurance premiums�ha� were unearned at the��ne of such cancellati�n or�erm.ina��on. 'I�, Ass�gnment of Miscellaneous Pr�ceeds; Forfeiture. A�� Misce�lane�us Proceeds are hereby assign�d�� and shall be pa�d to Lender. If�he Proper�� is damag�d, such M�sce��aneaus Pr��eeds sha�l be applied�o res��ration or repair of�h� Proper��, �f the res�ora�ion or repair�s e�onomicall� f�as�b�e and Lender's secur�ty is not lessened. During su�h r�pair and restorat��n peri�d, L,ender shall have��e right to hold such Miscellaneaus Pr��eeds unti� Lender has had an oppor�uni�y�o �nspect such Proper�y �o ensure�he work has been cam�Ieted�o L�nder's N�6RASKA-Single�amily-�an�ie Mael�reddie Mac UN�F�RM lNSTRIJMENT Form 3028 11�1 VMP(� VMPfi�NE��1302y Wolters Kluwer Finan�ial Ser�ices Page 9 v#17