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��14��1�� �ontinue�a pay to Len�er the amaun�of the separatel�r designated paym�n�s that were due when the insurance co�erage ceas�d to be in eff�ct. Lender vuill a�cept, use and re�ain�hese paym�n�s as a non-refundable Iass res�r�e in li�u�f Martgage �nsurance, Such�oss r�serve shall be non-r�fundable, no�withstanding the fact that the Loan is u��imat�ly paid in full, and Lender shal� not be requ�red to pay B�rrovuer any int�rest or earn�ngs on su�h lass r�serv�. Lender can no lon�er requir�l�ss r�serve paym�n�s if Mor�gage �nsurance eo�erage��n th�amount and for the period�hat Lender requires}provided by an insurer se�ected by Lender again becames a�va�lable, is ob�a�ned, and Lender requires separatel� des�gnated pay�m�n�s taward the premiums for Mortgage�nsurance. If Lender required Mor�gage�nsurance as a condit�on flf mal�ing�he L.�an and Borro�rer v�ras r�quired to mak�separately designated payments taward�he premiums for Mort�a�e�nsurance, Borrov�er shall pay the premiu�ns requ�re��o maintain Martgage �n�urance in effec�, or t�prov�de a non-r�fundable Io�s reserv�, unti� Lender's requirement for Mo�gage �nsurance ends in accordance w��h any wri�ten agreement betv�reen Barrovver and Lender providing for such term�na�ian or unt�i termina�ion is required b� Applica�le Law. Nothing in this Se��ion ��affects Barrower's ob�igation to pay in�erest a�the rate pro�ided in the No�e. Mor�gage Insuranc�reimburses Lender tor any ent�ty tha�purchas�s the Note} for certain 1�sses �t may �nGur �f Borrov�er does not repay the L,oan as agreed. B�rrower is not a par�y to the Mor�gage�nsurance. Mor�gage insurers e�aivate th�ir total risk on aIl such �nsurance in force from t�me to t�me, and m�ay en�er �n�o agreem.ents wi�h other par��es�ha�share or mod�f�r their ris�, or r�duce�osses. Th�se agreements ar�on �er�ms and canditions tha� are sa�zsfactary to th�mor�gage insur�r and the o�her par�y �or part�es} to these agreemen�s. These agreements ma�r�qu�re�he m�r�gage insurer to make pa�men�s us�n�any s�urce of funds that the mortgage xnsurer ma�have a�ai�able�wh�ch may include funds ob�ained from IV�ar�gage Insurance prem�ums�. As a result of these agreements, L.�nder, any purchaser of t�e No�e, ano�her�nsurer, any reinsurer, an�o�h�r en�i�y, or any aff�l�at�of any af�he foregoing, may receive �direc�I�or indirec�i�r} amoun�s that derive fr�m �or migh�he characrerized as} a po�tion of Borrawer's payments for Nlor�gage Insurance, �n e�change for shar�ng or modifying�he morrgage insurer's risk, flr reducing losses. If su�h agreement pra�ides tha�an af�liate of Lender take� a share of the insurer's risk in exchang� for a share of the premiums paid�a�he insur�r, the arrangemen� is often�ermed "capti�e reinsurance." Fur�her: �a� Any such agre�men�s ��vil�nat affect�he amounts that Borrower has agreed�o pay for�Vlartgage Insurance, or any ofher�erms of the Loan. Su�h agreemen�s w�ll n��increase�he amount Borrov�er�vill owe for Nlortgage Insurance, and they wi�l not ent��e Borrov�v�r�o any refund. �[�� Any such agreemen�s will no�affect the rights Borrower has-if any M wi�h respect��the IVlar�gage Insurance under�he I3oxneo�vners Protection Act of 1998 or any other�aw. These rights may include�he r�ght to rece��e cer�a�n d�sc�osuresy �o reques# and oh�a�n cance��a�ion of�he Mor�gage Insurance, to have�he Mor�gage Insurance terminated autonla�icai�y, andlor�o recei�e a refund�f any IVlor�gage Insurance premiums that vvere unearned a��he t�me of such cance��at�on or termina�ion. 'I 1, Assignment of N��sce��anevus Pr�ceeds: Fa�rfe�tu�e. A�l N�isc�llaneous Proc�eds are hereb� ass�gned tfl and shall be paid ta Lender. If the Proper�y �s damaged, su�h Mis�ellaneous Proceeds shall be app�zed to res�ora�ian�r repair of the Praperty, if the restoration or repa�r�s econo�m��all� feasible and L�nder's securit}� is not lessened. During such repa�r and restorat�on period, Lend�r shall have�he r�ght to hold such M�sce�ianeous Proceeds un�il Lender has had an oppor�uni�y�o �nspect such Proper�� to ensure�he work has been cornpleted ta Lend�r's NEBRASKA-Single Famity-�anni�M�e1Fr�dd��Ma�UNt��RM IN5TRt3MENT Fvrm 302$11�1 VMP d VMPS[NE�{1302� Wotters K�uwer�inancia!5er�ices Page 9 af 17