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��14�175� continue to pay�o L�nder th� amount of�he separately designated payments that were due vvhen the insurance coverage ceas�d to be in.effect. L�nder w�ll acc�pt, us� and retain these payments as a non-refundable��ss reserve in lzeu af Mortgage Insuran�e, 5uch�oss res�rv�shal�b�non�refunda��e, n�tw��hs�at�ding the fact that the Laan is ultima��y paid in fu��, and Lender shall not be requzr�d to pay Borra�er any int�rest or earnings an such loss reserve. Ler�der can nfl�onger require lass reserv�paymen�s if Mortgage Insuran�e coverage�in the amount ar�.d for th�period that Lend�r requ�r�s}provided by an insur�r selected by L�nd�r aga�n�ecomes awa�Xable, is obtain�d, and Lender requires separate�y designated payments tovvard the pr�mium� f�r Mortgage Insuranc�. If Lend�r required MQrtgage Insurance as a cond�t�on of making the Loan and Borra�v�r was required to make s�parately designat�d paymen�s�Qward the premi.ums for Mort�age Insurance, Borrow�r sl�all pay�he premiums r�quired ta mair�tain Mortgag� Insuranc�in effect, or to pro��de a non�refur�dable loss res�rve, until Ler��er's requiremen�for Mortgage In�urance�nds iri accordanc�with any�vritten agreement bet�veen BorroWer a�a.d L�ender praviding for such t�rm�r�ation or until��rm�nation is r�quired by Appl�cabl�La�v. Nothing in th�s Sectzon 1� aff�cts �orr��er'� obligat�on ta pay int�rest at the rate provided in the Note. Mortgage�nsuranc�reimburses Lender�or any �ntity that purchases the Nat�} f�r�ertain Iosses it ma�incur if B�rro�ver does not repay the Loa-�.as agreed. Borrower is not a party t�th�Mortgage Irisurance, Mor�gage insur�rs evaluate the�r to�al risk on a�I suGh insurance in force from time ta �imeg and may enter in�o agreements with oth�r partzes that shar��r modify their rzsk, or reduce Iosses. These agreem�nts are on terms and conditiaris that are sa�isfactory�o the mortgage�nsurer and the ather party�or part�es�to�hese agre�ments. These agreements may require the mor�gage insurer to make payments us�ng any sour�e of funds that the mort�age insurer may�ave availa�le�wh�ch may inclu�e funds obtained from N.�flrtgag�Insurar�.ce pr�rrllums}o . As a result of these agreements, Lender, any purchaser of the Note, anoth�r�nsurer, any reinsur�r, any ather entity, or any aff�X�ate of any af th� foreg��ng, ma�recei�e �directly or�nd�rec��y} amounts that derive fram (or might�e characterized as} a portion of Borr�wer's payments far Mor�gage Insurance, in e�change f�r sharing or mod�fying the martgage insur�r's risk, ar reducing �osses. If such agr�ement provid�s tha�an affiliate�f Lend�r takes a�hare flf�he insurer's risk in e�chaxa.g�for a share of the premiums pa�d to the �nsur�r, �he arrang�ment is of�en t�rmed "captive reinsurance." Further; t a� A�y such a�reemen�s w��l no� affec�the amaunts�hat�orrow�r has a�reed�o p�y for�Vlor��age Insuranc�, or any�ther terms of�he L�an e �uch agreemen�s wil�nat increase th�amount l3orrower wi��owe for IVIor��a�e Insuranc�, a�d�hey will no� entitX�Bnrrawer�o any refund. th} Any such a�reements will no� affect the righ�s�arrower�ias A�f any P wxth respect to the 1Vlort�ag�Insuran�e under�he IIomeowners Pro�ect�on Act of 199� or any other law. These ri�h�s may xnc�ud�th�ri�h�to x°e�e�ve c�r�ain disclasures, to request and o��ain cancel�at�on of�he IVlort�a�e Insurar�c�, �o have th�1Vlort�age Insurance terminat�d au�omati�al�y, a�.dlar�o recei�e a r�fund of any IViart�a��Insuranc�premiums that were u�earned at the t�m�of such car�c�llatian�r termination. 1'i. Ass�gr�r�n�nt �f [11��scellan�ous �r�ceeds: Forfe�ture. A��M�sce�lan�ous Proceeds axe h�reby ass�gned to and shal��ae paid ta Lender, If�h�Prop�rty is damaged, such Miscellaneous Proceeds shall be applied�o r�storat�or��r repair of the Prop�rt�, if the restoration or repa�r�s economi�ally feasible a.�d Lend�r's security is not Iessene�. I]uring suGh repair and restaratior�per�od, Lend�r shall have th.e r�ght to hold such Miscel�aneous Pro�e�ds until Lender has had an oppnrtuni.ty to insp��t su�h Prapert�to ensure the vvork has been c�mpleted ta Lender's N�BRASKA-5ingle Family-�annie MaelFreddie Mac UNIFQRM INSTRLJMENT �arm 3a28 1101 VMP QQ VMF'6{NE)�1302y Wolters Kluwer Fir�an�ial 5�r�ices Page 9❑f�7