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��14��57� con�inue to pa�to Lender the amount of�h�separate��designated payments that wer�due�hen the insuranc�co�erage c�ased to be�n effe�t. Lender wil� accept, use and retain�hese payments as a non-refundab�e loss reserv�in l�eu of N�or�gage Insurance. Such Ioss reser�e sha��b�non-refundable, notwithstanding the fact that the Laan is ul�ima�ely pa�d in full, and I.�ender shai� not be required to pa� Borr�wer any in�erest or earnings an such�oss r�serve. L.�nder can no Ionger require los� reserW�paym�nts �f M�r�gage �nsurance co�erag��in the amoun�and for the period tha� Lender requires} pro�ided by an �nsurer se�ected by Lender a�ain becomes a�ai�abie, is obtain�d, and I.ender requires separately des�gna�ed payrnents�oward the pre�rn�ums far Mor�gage�nsurance. If L.ender required Mor�gage�nsurance as a ��nd�tion�f making the Loan and Borra�er was re�u�red ta ma.ke separately designated pa�menCs toward the premiums f�r Martgage�nsurar�ce, Barrawer shaii pay the premiums requ�red to mainta�n Mortgage �nsurance in effect, ar to proWide a non�refundable lass r�serve, untii Lender's r�qu�remen�far Mor�gage Insurance ends in accordance w�th an�wrz�ten agreement betvveen Barrower and L,ender prflviding for such �ermination or unti� termina��on�s required b� Applica�le Law. N��hi�g in th�s Sec�ion ��affects Barrower's ob��ga�ion to pay �nterest a��he rate pr��id�d in the No�e. Mortgage�nsurance reimburses Lender�or any en��ty that purchas�s the Note} for certain�osses ��may incur if Borrower does nnt repay the Loan a� agre�d. Borrov�er xs nat a par�y��the Mortgage�nsurance. N�or�gage�nsurers e�a�uate�he�r to�al risk on ai�such insurance in force fram�ime�o time, and may enter �nto agreen�.en�s wi�h�ther part�es that share ar mod�fy their risk, or reduce losses. Thes�agreements are on t�rms and condit�ons that are satisfactory�fl�he mortgage insurer and the o�her par�y �ar part�es} �o these agreem�nts. These agre�men�s may require�he mortgage�nsurer tt�make payments using any sourc�of funds that�he mar�gage�nsurer may hav�a�ai�ab�e�which ma�include funds obta�ned fram Mor�gage Insurance pr�m.iu�ns}. As a result of�hese agreements, Lender, any pur�haser of the No�e, another insurer, an� re��zsur�r, any ofher en�i�y, or an� aff�l�a�e�f an�af the foregoing, may recei�re�d�rectly or�ndirect�y} amounts that deri�e from �or might be charac�er�zed as} a por��on of Barr�v�rer's pa�m�n�s for N�ort�a�e�nsuran��, in exchange for sharing or modify�ng�he mortgage insurer's r�sk, or reduc�ng Iosses. �f such agreem,en�pro�r�des�hat ar� affi�iate af Lender takes a share af�he insurer's risk�n exchange for a share of the premiums paid to the insurer, the arrangemen��s aften termed "cap�i�e re�nsurance." Further: ta} Any such agreemen�s��v��i nat affect the amounts that Barrower has agr��d to pay for Mortgage Insurance, or any other terms of the Loan. Such agreemen�s wiil no��ncrease the amoun� Borrower wi��a��ve far Mor�gage Insurance, and the� will no�en#itle Borr�wer to any refund. 4 b� Any such agreements w��I no�affe�t the righ�s Barrower ha5-��f any �«��h respec�to the Mortgag�Insuran�e under�he Homeowners Pro�e��ion Ac�of 1998 ar any a�her�aw. Th.es�r�gh�s may �nc�ude the righ�to recei�e certain disc�asures, �o reques�and obtain cance�lation of the Mortgage Insurance, �o ha�e the Mor�gage Insurance terminated autamatica�ly, andlor tv re�ei�e a refund of any N�or�gage Insuran�e�rem��ums tha��vere unearned at the time af such cance�lation ar termina�ivn. 'i�. Assignment vf Misc�[[aneous Prnceeds: Forfeiture. A1� N��sce�laneous Proceeds are hereby assigned to and sha�l be paid ta Lender. �f the Proper�� xs damaged, such Misce�laneaus Proceeds sha�l be applied to res�ora�ion or repa�r of the Pr�per�y, �f the res�ora��on or repair is economically feasib�e and L�nder's security is no��essened, Dur�ng such repair and restarat�on per�od, Lender sha�� ha��the righ�to ho�d su�h M��cellaneous Procee�s un�il Lender has had an oppor�uni�y to inspect such Property�o ensure�he v�ark has been compi�ted�o Lender's N�BRASKA-Single Farniiy-�annie Mael�r�ddie Mac UNI�ORM INSTRUM�NT �arm 30Z8 1101 VMP[� VMPE[NEy�13n2} Wolters Kluwer Financ€al Ser�ices Page 9 of i 7