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��14�3444 continu��o pay �o I..�nder the amount�f�he separa�el�d�szgna�ed paymen�s tha��er�due�vh�n�he insurance coverag�ceased�o be in effec�. Lender will acc�pt, use and re�ain�hese paymen�s as a non-refundable loss reserve in l�eu of Mor�ga�e �nsurance. Such�ass reser�re sha��be non�refundable, no�w��hstanding the fact�ha�the Loan�s u1��mate�y pa�d in full, and L,ender shai�no�be required��pay Borrower any in�erest or earnings on such�oss reser�e. L.�nder can na longer require l�ss reserve pa�men�s i�`Mor�gag� �nsuranc�cav�rage��n the amount and for th�period�ha� Lender requ�res}pro��ded by an insurer se�eCted b� Lender aga�n b�cames ava�lable, �s obta�ned, and Lender requires separately designa�ed pa�ments�oward�he premiums for Mor�gage�nsurance. �f Lender requ�red N�or�gage Insurance as a cond��ion of making th�Loan and Bnrrnw�r v�ras required to make separa�ely de�igna��d payments �oward the premiums for Mortgage Insurance, Borrnwer sha�i pay the premiums required to ma�ntain N�or�gag� �nsurax�ce in effect, or to pra�ide a non-refunda�Ie��ss reser�ve, un�ii L�nder's requirement for Mar�gage �nsurance�nds �n accordance w�th any wri��en agreemen�be�ween Borrow�r and Lender prov�ding for such termination or unti� t�rminatian is requ�r�d b�r App�icable Law. No�hing in�h�s Sec��on ��affects Borrower's obl�ga�i�n to pay in�erest at�he rate prov�ded in�he No��. Mar�gage�nsurance reimburses L�nder�or any enti�y tha�purchases th�No�e� for cer�ain Ioss�s i�may incur if Borrower does no� repa��he Laan as agreed. Borrower is not a part� �� he Martgag� �nsurance. Martgage insurers eva�ua�e the�r��ta�r�sk on al� su�h insurance in force from�ime�� ime, and may enter into agreements with other par�ies tha� share ar modify their risk, or redu�e lass�s. These agr�ements are on terms and conditinns that are satisfactory�o the mor�gage insurer and�he other part�r �ar part�es} �o these a�r��m�nts. These agreemen�s may require the mor�gage insurer ta make payments using an� s�urce of funds �hat the�r�.or�gage insur�r ma�ha�e ava�lab��which may include funds ob�ained from Martgage Insu�rance premiums}. As a result of�hese agreem�nts, L.ender, any purchaser�f�he No�e, ano�her insurer, any re�nsurer, any other enti�y, or an�af��a�e of any of�he foregain�, may rec�i��directly nr ind�rec��y� amounts tha�deri�re from �or might be�harac�erized as} a por�ian�f Borrow�r's payments for Mor�gage�nsurance, �n exchange for sharing or mod�f�ring the mor�gage insurer's r�sk, or reducing Ios�es. If such agreement prfl��des�ha�an affiiia�e of Lender�akes a share of the�nsurer's risk�n exchange for a share of the premiums paid�o�h� �nsurer, the arrangement is often termed "capti�e re�nsurance." Fur�her: �a 3 Any such agreemen��wii� not affect the amounts�hat Borrawer has agreed to pay for Nsortgage Insurance, or an.y ather terms af the Loan. Such agreemen�s�iII not inCr�ase�he amount Borrower will owe for Mortgag�Insurances and they ��v��not ent�t�e Bvrrower to any refund. �h 3 Any su�h agreemen�s►�il� not affect�he r�ghts Borro►wer has-if any - with respect�o�he Mor�gage Insurance under�he Homeawners Pr�tec��on Act of 1998 or any other Iaw. These rights may inciude the right to recei�ve certa�n d�sc�asures, to reques�and oh�a�n cancella�ion of�he Mor�gage Insurance, to have the Mor�gage In�uran�e termina�ed au�omat�ca��y, andlor ta rece�ve a refund of any Mortgage Insurance�rem�ums that vvere unearned a��he time of such �ancellation or terminat�on. 11. Assignment of Miscel[aneous Praceeds; Forfeiture. .A.�� M�sc��aneous Pr�ceeds are h�r�by assign�d to and shall b�paid�� L.end�r. �f�he Proper�y is damag�d, such M�sce�lane�us Proceeds shali b�applied t�restara�ion or repair�f�he Pr�perty, �f�he res�ora��on or repair is economicall� feas�ble and Lender's securi�y is not lesse�ed. During su�h r�pair and restora�ion p�r�od, Lender sha�i haue�he r�ght to hald such N��scel�aneous Proceeds until Lender has had an�ppor�uni�y to inspect such Prflper�y to ensure�he wark has b�en comp�e�ed ta L�nder's NEBRASKA-Singl��amily-Fannie Mael�r�ddie Mac UNI�ORM INSTRUMENT Form 3�28 11�1 VMP Q VMPfitNE3�33��) Wolters Kluwer Financial 5er�icss Page 9 af 17