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� ��14�444� cantinue to pay ta Lender�h�amount af the separa��ly des��nated payments�ha�were due wh�n th� �nsuran�e coverage ceas�d to be in effect. Lender will accept, us�and re�a�n�hes�paymen�s as a non-r�fundab�e��ss reserve in l�eu of M�r�gage Insurance. Such �oss reserve s�aa�l be nan-r�fundab�e, natwithsta�ading the fa��that th�L.nan�s u��ima�ely paid in full, and Lender shall no�be required ta pay Borrower any�nteres�or�arnings on such �oss reserve. Lender can no I�nger requir�loss reserve pa�men�� if Mor�gage �n�urance coverage �in the amaunt and for�he period that Lender requ�res} pr�v�ded by an insurer selected by L�end�r aga�n becomes a�a�labie, is o�tained, and L�nder requires separa�ely d�signated payments toward the prern�ums for Mar�gage�nsurance. �f Lender requ�red Mortgage�nsurance as a cond�t�on of mak�ng�he Lfoan and Barrow�r was required ta make�epara�e��designa��d paymen�s t�ward th� premiums f�r Mortgage�nsurance, Barrower shall pay the premiums required to maintain M�r�gage �nsuranc��n eff��, or to pro�ide a non-refundab�e�ass reserve, un�� Lender's requirement for Mortgage �nsurance ends �n ac�ordar��e with a.r�y written agreement between B�rrower and Lender pravidzng for such termination or un�il�erminat�on is requ�red by App�acab�e Law. Noth�ng in this Sec�ion 1�affec�s Borrov�er's ab�igat�on�o pay interest at the rate provided an th�Note. M�rtgage Insurance re�m�burses Lfend�r�or any�nt�ty that pur�hases�he No�e} f�r certain�osses it may �ncur xf Borrower�iaes not repa��he L�an as agreed. B�rrawer�s n�t a�ar�y t��he M�r�gage�nsurance. Mor�gage �nsurers �va�ua�e the�r t�ta� r�sk on a�� such in�uranee in force fram time to��me, and may�nter int� agreements�vith ather par��es�ha�share ar mnd�fy th��r risk, or redu�e Iasses. Th�s�agreements are on terms and cond��ns that are satisfactory to th�mortgag� �nsurer and th�flther par�y �or partz�s}�a th�se agreem�n�s. These agreements may requ�re the mor�gage insurer to make paym�nts us�ng any saurce of funds �hat the mar�gage insurer may hav�ava��ab�e�wh��h ma� include funds obtained from Mar�gage Insurance premiums}. As a result of�h�se a�reements, Lender, any purchaser�f the No�e, another insurer, any reinsurer, an�r a�her ent�ty, �r any affilia�e of any of the for�go�ng, may recei��directly ar indire�tly} amounts tha�deri�e frorn �ar xn�gh�be chara�terized as} a part�on of Borro�ver's pay�n.en�s for Mor�gage�nsurance, in exchange for sharing or modify�ng �he mar�gage�n�urer's risk, or reducing �osses. �f such agreement pro��des that an aff��ia��of Lender takes a share af�he insurer's r�sk�n ex�hange f�r a share of the prem�ums paid to the insurer, the arrangement is of�en�ermed "capti�e re�nsurance." Fur�her: 4 a} Any such agre�ments ►wil�not affeC�the am�un�s tha�Sorrower has agreed to pay for 1VTortgage Insurance, or any other tern�s of the Loan. Such agreemen�s w�li no��ncrease�he amaunt Borr�wer will ovve far�Vlar�gage InsurancQ, and�hey w��n�� enti�ie Barrawer��any refund. �b� An�such agree�nen�s w��not affect the righ�s BorrQwer has-�f any -w�th respec��o�he Mortgage Insurance under the I3omeowners Pro��c��n Ac�of 1995 ar any o�her�aw, These righ�s may�nc�ude�he right to receive cer�ain d�sc�o�ur�s, to reques�and�b�a�n Gancella��on vf the Mor�gage Insurance, �o have�b�M�r�gage Insurance�errn�na�ed autonr�a��a��y, andlor to r�cei�� a refund of an��Vlortgage Insuranc�premiums�ha�were unearned a��he�im�e of such �anc��ation or�ermina��on, ��. AsSignment vf M�scellaneaus Proceeds: Fvrfeitur�. A�I Miscellaneous Proceeds are hereby assign�d t� and �ha��be pa�d�o Lender. If�he Proper�y is damaged, such Miscellaneous Proceed� shal�be appl�ed to r�stora��on or r�pa�r of the Pr�per�y, if�he restorat�on or repair is ec�namicali� feasibl�and Lender's security is not��ssened. Dur�n� �uch repa�r and restaration period, Lend�r sha��aaue the right��h�Id such M�sc�llaneous Proc�eds un�il Lender has had an appar�uni�y t� inspect such Pr�p�r�y �o�nsure�he work has been completed to Lender's N��RASKA-5ing�e�amiiy-�annie MaelFredrfi�Mac UNfF4RM INSTRUM�NT Fvrm 3�2$il�l VMP[� VMPfi{N�;{13d2� Wvlt�r�Kluw�r FinanCi�!S�rViC�s Page 9 0#17