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��14�3443 continue to pay�o Lend�r�he amoun�af th�separately�esigna�ed payment�that v�rere due v�hen the insurance co�erage ceased to be in effec�. Lender will accept, use and re�a�n these payments as a non-refundabl��oss reserve�n l�eu af Martgag�Insurance. Such lnss r�serve shal�be non-refundable, notwithstand�ng the fac��ha�the Laan is ultimately pa�d�n fu�i, and Lender sha��nat be required�o pay Borrawer any in�erest or earn�ngs�n such loss re�erve. Lend�r can no �onger require loss reserve payments �f Mort�ag� �nsurance co�erage ��n the amoun�and for the period�hat Lender requires} pro�ided by an �nsur�r s�Iec�ed by Lender again becomes a�ai�ab�e, is ob�ained, and Lend�r requir�s separate�y designated pa�ments��ward�h�prem�ums for N�ortgage�nsurance. If Lender required Mar��age�nsuran�e as a conditi�n of mak�ng the Loan and Borro�+r�r was required�o make separate�y d��ignated pa�rnen�s toward the premiums for Mor�gage�nsuranc�, Borrower shali pay�h�prem�.ums required t�main�ain Mor�gage �nsurance in effect, or�o pro�ide a non-refunda�le Ioss re�erve, un�il Lender's r�quirement far Mor�gage �nsurance ends in accordance wi�h any writ�en agreement bet�veen Borrow�r and Lender pro�iding far such terminat��n or un�i� term�na��an is re�u�red b}� App��cable Law. No�hing in�his Sectian 1�affec�s B�rrawer's obl�ga�Xan to pa�inter�st a��he rate pravided �n the Note. Mortgage Insurance reimburses L�nder��r an}��n�ity �ha�purchases the Note} for c�r�ain losses i�may incur if Borrower da�s no� repay�he Loan as agreed. Borrawer is na�a par�y�o�he Mortgag�Insurance. Nlor�gage insurers e�alua�e their�ota� risk on all such insurance in force fram time to t�me, and n�ay en�er into agreements with other par��es that share or mod�f� their risk, or reduce l�sses. These agreem�nts are on terms and condz�ions tha�are satisfactary �o the m�r�gage�nsurer and the other par�y �or parties} t��hese agreemenfs. These agreements may require the mar�gage�nsur�r to make paym�n�s using any source of funds �hat the mor�gage�nsurer may ha�e a�a�lable�which may �nc�ude funds nbta�ned from Mortgag�Insurance premiums}. As a resu��of�hese agreements, L�nder, any purchaser af�he No�e, anather insurer, an� re�nsurer, any other enti�y, or any affi�iat�of any�f�h�foregaing, rna�receive�directly or indirectly} amoun�s�ha�d�ri�e fram �or might be chara�ter�zed as} a por�ion of Borrower's paymen�s for Mor�gage�nsuranc�, in exchange for shar�n�ar mod�fyin�the martgage�nsurer's r�sk, or r�ducing losses. If such agreemen�pro�ides that an af�il�ate of Lender�akes a share of the insurer's r�sk �n exchange fflr a share of the prem��ums�a�d�o the insurer, the arrangemen�is of�en�ermed "capti�e reinsurance." Further: �a� Any such agreemen�s wi�l not affect the amounts that Borrawer has agreed�o pay for Mortgage Insurance, or any other�erms of the I�oan. Such agreemen�s wili not increase�h�amount Borrower will o►�e for Mor�gage Insurances ar�d�hey wi��not en�i��Borrower to any refund. �t�} Any such agreemen�s w�ll nat affect the rxghts Borr��ver has��f any -wi�h respec��o the Mortgage Insuranc�under the IIon�eowner5 Protec�ifln Act�f 1�98 or any n�her�aw. The�e rights rnay�nc�ude the righ�to recei�e cer�ain disclosures, �a reques� and abtain caneeliatian af�he Mortgage Insurance, to ha�e�he Mor�gage Insurance�ermina�ed au�oma�ica�ly, andlor t�rece��e a rQfund af any M�rtgage Insurance prenniums�ha�were unearned a��he time of such cance�lation or�erm�na�ion. 'i'i. Assignment of Miscellaneaus �race�ds; Farfeiture. All Mis�el�aneous Proceeds are hereb� ass�gned to and shall be paid�o Lender. If the Property �s damaged, such M�sce�laneaus Proceeds shall be app�ied t� restora�ion or repair af�he Property, if�he restoration or repa�r is economically feas��Ie and Lend�r's securit� is not�ess�ned. Dur�ng such repair and res�ora�ian period, Lender sha�l have�he righ�to hald such Misc�X�aneous Proceeds until Lender has had an oppor�unity�a insp�ct such Property to ensure�he v�ork has be�n c�mpl��ed to Lender'� N�BRASKA-5ingle�amily-�annie MaelFreddie Mac UNIFQRM lNSTRL3M�NT Farm 30�$71ai VMP� VMP6�NE�t#3021 Walt�r�Kluwer�ir�ancial Ser�ice� Page 9❑f 17