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��14�491� c�nt�nue ta pay to Lender the amoun�of�h�s�para�eiy designa�ed pa�men�s that w�re due when the insurance coverage��ased to be �n�ffect. Lender wi�� accep�, use and retain these paymen�s as a non-refundable�oss reser�e in�ieu of Mor�gage Insurance. Such�oss reser�e shal�be n�n-refundab�e, notw�thstanding�he fact tha�the Laan is u�timately paid �n ful�, and Lender shall no�be required�o pay Borrower any interest or earnings on such�oss reserv�. L.end�r can no �on�er require�oss reserryve pa}�ments if Mortgage �nsurance c�verage��n�he amaunt and for the periad�hat Lender r�qu�res}provided by an insur�r seiected by Lender again becomes available, �s ob�ained, and �...�nder r�qu�res separatel�des�gna�ed paymen�s t�ward the prem�ums for Mor�gage Insuranc�. �f Lender re�uir�d Mortgage Insurance as a cond��ion of making th�Laan and Bflrrower was required to make separately designated payments toward the premiums for Mar�gage �nsurance, Borro�er shall pay th�premiums requ�red t�ma�n�a�n M�r�gage In�urance�n effect, �r�o prav�d�a n�n-refunda��e loss reser�e, un�il I�ender's requir��nen� for Mortgag� �nsurance ends in accordance w�th any wr�tten agreemen�betv�►reen Barr�wer and Lender pro�id�ng for su�h term�nation or un�i��ermination is required by Applicab�e Law. Nothing in this Sect�on �4 affects Borrawer's ob��gation to pa�interes�a��he rate pro�rided in th�Note. Mar�gage�nsurance reimburses Lender�or any entity �hat purchases the Note} for cer�ain�flsses ��may incur �f Borrovver does no�repay the Laan as agreed. Barr�wer�s na�a par�y to the Ma�ga�e�nsuranc�. Mor�gage insurers e�ra�ua�e their total r�sk�n al� such insuran�e�n farce from time t��m.e, and may en�er in�o agreements with other part�es that share or madify�heir risk, or reduce�asses. The�e agreemen�s are on ��rms and cond��i�ns tha� are satisfactory to th�martgage insurer and the o�her party �ar par�ies} to�h�se agr��m.ents. These agreements may requ�re the mor�gage insur�r�o make pa�ments using an}� sourc�of funds �ha�the m�r�gage�nsur�r may ha�e available�wh�ch n�ay include funds ob�a�ned fram Mor�gage�nsurance premiums}. As a resu�t of�hes�agr�emen�s, Lender, an�purchaser af the Note, ana�her�nsur�r, any reinsurer, any�ther entit�, or any aff��iate�f any nf t�e for�going, rna�r receive�direct��r�nd�rec�ly} amaunts�ha�deri�re fr�m �or might be charact�rized as} a por�ion of Borrower's paymen�s for Mar�gage�nsurance, in exchange for sharxng or modifying the mor�gage�nsurer's risk, or reducing ��sses. �f such agreemen�pr�v�des �hat an aff�liate of L�nder takes a share of the insurer's risk in exchange f�r a share of�he prem�um�paid to the insur�r, the arrangement is of�en term�d "cap��v�re�nsuranGe." Further: �a� Any such agreements w�i�no�affec��he amoun��hat Barrower has a�reed to pay for Mortgage Insurance, ar any other�erxns of the Loan. Such agreemen#s��vill no�increase the amount Borrower wi��owe far Mor�gag�Insurance, and�hey will no�en��tie Borro�ver to any refund. ��3 Any such agr�emen�s wil�nat affe�t the rights Borra��ver has-if any �-wxth respect to the Mor�gage Insurance under the Hameowners Pro�ec��on Ac�of 1995 or any other Iaw. Th�se rights may inc�ude�he r�ght�o receive certa�n disciosures, �o reques�and ol��ain cance��a��on of the Mar�gage Insurance, �o ha�e the Mortgage Insurance termina�ed automat�ca�ly, andlor to recei�e a refund of any Mortgage Insurance premiums tha�►�vere unearned at the��me nf such cance��a�xan or termination. ��. Assignment af lll��sce[[anevus Proceeds; Forfeiture. All Miscellaneous Pro�eeds are hereby assig�ed to and shall �e paid to Lender. If�he Property is damaged, such Misce�lan�ous Pr�ceeds shal�be applied ta restora�ion or repa�r of the Propert�, if the res�ora�ion or repair�s ecanomi�a�I� �eas�ble and Lender's securi�y �s not less�ned. Dur�ng such repair and restoration per�od, Lender shall ha�e th�r�ght ta ho�d such Miscellane�us Proceeds until Lender has had an oppor�unit�� inspect such Propert�to ensure the work has been completed to L�nder'� NEgRASKA-Singte Family-Fannie MaelFreddie Mac UNl�4RM tNSTRUM�NT �orm 3��8'f I�i VMP Q VMPfi[NE)��3�2) Wafters Kiuwer�inancial 5er�ices Page 9❑f i 7