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��14�5193 cont.i�ue�o pay to Lender the amoun.t of�he se�arately des�.gna�ed payments fhat were due when�he �surance coverage ceased to be�n effect. Lender�.11 accept, use and reta.�x�these paym��.�s as a non-refundab�e loss reserve in��eu of Mortgage Insurance. Sueh Ioss reser�re sha�.�be no�r�fu�.da�bl.e, not�v�th�tand�g�he fac��}iat the Laan�s ultimate�y paid�n fuli, �.nd Len�:er shall not�e rec�uired to p�:y Borrou�er any�.nterest�r ea.r�rlings on such�oss re��rve. Lender can n��onger rec�uire Ioss re��rve payments if IVlortgage Insurance caverag;e[in�he amaunt an�for the periad that Lender requires�prov�ded by an. in.surer se�.ected by Lender again becomes ava�lable, is�b�ained, an.d Lender requires separate�y desYgna�ed payments toward the premiu�s for Mar�gag�I�surance. If Lender requ�.red M�rtgage Insurance as a cflnd�tzon of ma.k�ra.g the Loan and Borr��rer was requured to ma.ke separately designated pa�nents�oward�h.e premiums for Mor�gage Insurance, Ba�rou�er shal.�pay the pre�r�iums re�uired t�main�ai�a.Mortgage Insura�ce in effect, or to provide a non refu�.dabl.e Ioss reserve, until Len.der's req�rement for Mortgage Ix�.surance e�.ds�.r�.accor�.an.ce-r�r�th axiy written agreement betwee�.Barrower and I1�nder provid�ng for such. �erminatzon or until terminat�on�s requir�d by A�pplzcab�e Law. Not�ig x.n�his Section 1�3 affects Borr�vrer�s ob�iga�ion tv pay i�nter�s�a��ie rate pro�ided��t�ie NQ�e. �Vlortgage Insurance reimburses Lender[or any entity t�iat pu�rchases the Note)for ce�ai.x��osses it may i�cur if Barrower does nat repay the Loan as agreed. Borrawer zs no�a party to th�Mar�gage I�surance. Mortgage in.surers evalua�e the�r t�tal risk on a1].such i�:surance�force from ti_rme�o�xm.e, and may enter �..r�to agreements w�th other par�ies that share flr modify the�r r�sk, �r reduce].osses. These agreements ar�on terms a.n.d conditiQns that are satxsfactory t�the mor�gage insurer ar.zd th.e other p�r�y�or par�i.es}to these agreemen�s. `These�.greemen�s may require�he m�r�gage insurer to m�ake payments us�ng any sour�e of funds that th.e mo�gage ir�sur�r may have ava��a�b1e�whic�i may include funds obta�ned fram Mor�gage Insuranee pre�xaiums�. As a resu�.t of�es�agreemen.ts, Le�.c�er, axly purc�iaser of�e No�e, axa.other insurer, �y rei�.su�rer, any otl�er er��ty, or a��r aff'ilYate of a�y of the forego�g, �nay rece�.ve�c�rec�I�r or�ndir�ct�.y� amau�ts that der�ve f�on� �or might be charac�eri2ed as� a p�rtion of Barrow�r's payments for Mortgage I-�.surance, in e�change f�r sharing or modi�y�n�the mor�gage insurer's rzs�, or reducing losses. If such agreement pravides tha�ax�. affi�iate of Lender�akes a shar�of the insurer's r�sk in�xchange f�r a share af the premiums paid to�he insurer, �he arrangement is often�ermed"cap�xve r��:nsura:nce." Further: � �a} .A�.y�u�h agreeme�.ts w�ll.nflt affect the amo�ts th�t]Borrower has agreed to�ay for 1Vl�rtgage I�s�rance, or any other t�rar�s of t..�.e Loan. S�ch agree�ents vviil x�ot iucrease the a�nau�.t �vr�ow�r�il�.a�e f�r Mortgage I-�sura�ce, and th�y w�.11�rot ent�tle��rr�-Pver t� �:�.y�-ef�d. �b} �y su�l�agr��ffie��s��ot affe�t t�e r�ght��oxx-awer ha.s-zf any-w�th re�p�ct t�th� l�aa�tgage Ix�.sa�-an�.ce under the�HCo�n�owner�1'rvtecti�n�ct�f 1995�r an�r other�a�v. 7C�.ese ri�hts ma�ancl�.ci�the raght to�-eceiv��extain.dsscx�su.�-es, to reque�t�nd obt��.�an�e��.ttiom�f the l�[ortgage Jf.�.swramee, tv have the�.Vlortgage Ins�ance ter�.i��.ted au�o�.ati�all�, a�d.l�x to�-e�e�.ve a r�f�d af an�Mor�gage In.surane�premi�m5 t�at�ere uuriearne�:at t�a.e�in.e of su�h ca��ellat'�m or te�-�nin�t�o�. '['�: �ss�gnme�t of ��s��aneous Proceeds; Forfei#ure. A11.M�.sce�.�an�ous Proceeds are hereby assigned to and s�all�be paid to Lender. If�he�r�pex-�y�.s damag�d, 5uch M�sce��arzea�s Pr�ceeds sha11 be applied.tQ�-estoratxo�.or repa�-of tl�e Pro�er�y, ��he�es��ratior�ar repair�s eco�am�cal�y fea�ible an�Len�.er's secur�ty is�o��essem�d.. ]�uring suc��epa�r a�c��est�ra�-ion per�od, L.end.er sha11�iave the right to�a�.d�s�ch Misce�Ia�eous Proceeds�xxa.�i.l. JLender�ias had ar��pporturuty�o inspect suc�Proper�y to er�.sure tJh.e tivork has�een com�a�et�d to I�ender's 24�Q68'[6 NE6RASKA-Singfe Family-Fannie N[ael�reddie M ac UNIF�RM INSTR�M ENT Form 3��8 110� VM P 0 1!M Pfi�NE}�'[3�`2} Wa[��rs KEuw er�inar�cial 5ervices Page 9 af 17