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��14��777 c�nt�nue�a pay to Len�.er the amounfi of�he separa�ely designated pay�nents that�vere�.ue when the insurance co��rage cease�.t�be�n effec�. Lender w�11 accept, use and re�a�n these pa�ments as a non-r�funda�le I�ss reserve in lieu of Mar��age�nsurance. Such loss res�rve sha��be nan-refundabie, natwi�hstanding th�fac��hat the Loan is u��imateiy paid in fu�I, and L�nder shal�not�e requ�r�d ta pay B�rrower any interes�or earn�ngs on such�nss reserve. Lender can n�longer require��ss reserve payments if Mortgage�nsurance ca�erage�in th�am�un�and for the period that Lender requ�res}prov�ded by an �n�urer selected by Lender again becomes a�a�lable, is �btained, and L�nder requires separa�eiy des�gna�ed pa�men�s�oward�he pr�miums f�r Mor�gage�nsurance. If Lender re�uired Mor��age Insuranc�as a condit�on of mak�ng the Loan and Borr�wer was required to make separa�el�designa��d paym�n�s toward the pr�miurr�s for Mortgage Insurance, Barrower shal�pay th�premiums required�a mainta�n Mor�gag� �nsurance in effec�, �r to provide a n�n--refundable loss reserve, unti� Len�er's requirement for Mor�ga�� �nsurance ends in accordanGe�vi��.any writ��n agreemen�between Barr�wer and Lender providxn� for such terminat�on ar unt�l termination�s requ�red b�App�icab�e Lav�r. N��hing xn this Sec�i�n 1� aff�cts Barrow�r'� ob��gatxon ta pay interes�a�the ra�e provided in�he Note. Mortgage Insurance re�mburs�s L.�nder�or any en�z�y�ha�purchases�he No�e} for�er�ain losses �t may incur �f Borrower d�es n��repay�he Loan as agreed. Borrower�s not a par�y t��he Mor�gage Insurance. Mor�gage insurers eva�uate their total rxsk on aI1 �uc�rnsurance�n f�rce from time�o�ime, and may enter �n�o agreements with a�her par�ies that share or modify�he�r risk, or reduce�osses. These agreements are on terms and condit��ns tha�are sa�isfactor��o�h�mor�gag�insurer and�he a�her par�y�or par�ies} to these agreements. These agre�ments may require th�martgage insurer to make pa�ments using an� sour�e af funds �hat�he mor�gage�nsurer may hav�a�a�lah�e�which may includ�funds obtained from Mor�gage�nsurance premiums}. As a result of�he�e agreements, Lender, any purchaser�f�he N�te, ano�her insurer, any r�insurer, an�other entity, or any af��ate of any of�he forego�ng, m�.ay r�cei��dir�ctly or indir�ctly} amoun�s�ha�deri�ve fr�m �ar migh�be charac�erized as} a portion of Borrower's paymen�s far Mortgage Insurance, in exchange for sharing or m�d�fying�he mor�gage insurer's risk, or reduc�ng�oss�s. �f such agreem�nt prov�des that an af��a�e of Lender takes a share of�he�nsurer's risk �n exchange far a share of�he prem�i.ums pa�d to�.he �nsurer, �h�arrangemen�i�often termed "cap�zve re�nsurance." Further: �a� Any such agreements wi��nat affec��he amounts that Borrower has agreed to pay for Martgage Insurance, or any other terxns of the Loan. Such agreernents wii�not�ncrease the arn�ount Sorrower w�il owe for Mortgage Insurance, and t�.ey w��no�entitYe Borrower to any refund. �b� Any such agreemen�� w��l not affect th�r�ghts Borrower has�if any -with respe�t�a the Mortgage Insu�rance under the Homeawners Prnt�tion Act of 1998 or any other�aw. These rights may xnciude the right to re�e��e cer�ain disclosures, to request and obta�n canc�l�ativn of the Mortgage Insurance, to ha�e the Mortgage Insurance terminated autv�matica��y, andlor tv rece�ve a refu�d of a�y Martgag�Insurance premiums that were unearned at the time of such cancel�atian�r�erm�nat�on, ��. Assignment flf Misce�laneous Proceeds; Farfeiture. A�� M�sce�laneous Praceeds are hereby assign�d�o and sha�l�e paid to Lender. If the Property is damaged, such M�sce�laneous Pr�ceeds shall be app�ied t�res�oration or repair of�he Property, if�he restoration�r repair�s e�onamically feasib�e and Lender's secur�ty �s not��ssened. Dur�ng suGh repair and res�orat�on p�ri�d, Lender shal�have the right ta hold such Misce��ar��ous Pra�e�ds unt�l Lender has had an oppor�unity to �nspe��su�h Prflperty to e�asure the work has been�nmple�ed ta Lender's N�BRASKA-5#ngle Family-Fannie Mael�reddie MaG UNIFQRM IN5TRl1M�NT Form 3�28 9141 VMP� VMP6�N�3�13�2) Walters Kluwer Financiai Ser��ces Page 9 of 17