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��14��173 c�ntinue t�pa�to Lender the amount of the separa�el�designa�ed pa�rments tha�were due when the insuranc�coverage c�ased to be�n effect. Lender vvi11 ac�ept, use and retain these paymen�s as a non-refundab�e�oss r�se�-ve in l�eu of M�r�gage�nsurance. Such loss res�rve sha�l be non-refundable, notw�ths�anding the fact that�he Loan is ul��mately paid in fu11, and Lender shaii not be required�o pay Barrow�r any in�eres��r�arnings�n such�oss reserve. Lender can no �onger require loss r�s�rve paym�n�s if Mor�gage�nsuran�e coverage�in the amaunt and for�he per�od tha� Lender r�quires}provided by an insurer seiec�ed by Lender again b�com�s availabie, �s ob�ain�d, and Lender requ�res separate�y designated payments taward the prem�ums for Mortgage�nsurance. �f L�nder required Mor�gage �nsurance as a condit�on�f m.aking the Laan and Borrov�rer was required to make separat�l�des�gnated paymen�s�oward the prem�ums for Mortgage Insuran�e, Bflrr�wer shai�pay the premiums re�uired to mainta�n Mortgage �nsurance in effec�, �r ta provide a nan-r�fundabie��ss reser�e, un��l Lender's requiremen�for Mo�gage �nsurance ends in accordance with any written a�reement bet�een Borro�er and L,ender pro�id�ng for such �ermination or un�il termina�ion is required hy Applicab�e Law. Nothing in this Se�tion 1�affects Borrovver's n�1i�a�ion�o pay interes�at�he ra�e prov�ded in�he No�e. Mar�gage�nsurance reimburses L.ender�or an�en�ity tha�purchases the No�e} for cer�a�n�a�ses i�may incur if Borrov�er do�s no�r�pay�he Loan as agreed. Barrow�r�s not a par�y�o th�M�r�gage Insuranc�. N�ortgage�nsurers e�a�uate�heir ta�a� risk on a�� such insurance in for�e from�i�rn��o t�me, and ma�r en�er �nto agreements w��h o�her par�ies tha�share or mod�fy the�r risk, or reduce Iosses. These agr�ern.ents are on terms and conditions�hat are satisfactor��o�h�martgage insurer and the a�her par�� or parties}to these agreements. Thes�a�re�men�s ma� require the mor�gage insurer�o rnake pay�men��us�ng any saurce of funds that�he mor�gage insurer ma�r have a�aiiab�e�which may include funds obtained fram Mortgage�nsuranc� premiuxns}. As a result of�hese agre�ments, L�nder, an�purchaser of the Nate, another insurer, an� re�nsur�r, an�o�her en�ity, or an�r affilia�e af any of�he foreg�ing, may receive�directl�or indirectl�} amounts�hat der��e fram �or migh�be chara�terize�i as} a por�ion of Borrower's payments for Mor�gage Insuran�e, �n exchange for shar�ng or modify�ng the mor�gag� insurer's risk, or reduc�ng losses. �f such agreement provides tha�an affi�iate af Lender�ak.es a share of�he�nsurer's r�sk in exchang�for a share of�he pr�miums paid to�he �n�ur�r, �he arrangemen�is often�ermed "capti�re re�n�urance." Further: �a� Any such agreement�w�il not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or any ather term�s af the Loan. Such agreements wil� not�ncrease�he amount Borrawer v�ill owe far N�ortgage Insurance, and they w��no�entitie Borrfl�ver to any refund. �b 3 Any such agreemen�s vwil�no� affect the rights Borrower has�-�f any -w��h respec�ta�he Mortgage Insurance under th�Homeawner�Pro�ec�ion Act af 1995 or any a�her Iavw. These r�ghts may inciude the righ�ta receive certain disclosure�, ta reques�and o��ain can�e�Iat�on of�he Mor�gage Insurance, �a have�he Martgage Insurance�erm�na#ed au�omati�ally, andl�r ta reee��e a refund of an�Martgage Insurance premiums�hat were unearned at the tinr�e of such canceiia�ion vr�erminatian. ��. Assignment of N1isGe��anevus Praceeds: Forfeiture. All Miscellaneous Proceeds are hereby ass�gned to and sha��be paid�o I..�nder. �f the Propert� �s dama��d, such Miscel�an�ous Pro�eeds shal�b�applied�o res�oration or r�pair of th� Proper��, �f the res�ora�ion or repa�r is e�onomica��y feasible and Lender's security is not less�ned. During such repair ar�d restara��on periad, Lender shai� ha�e�he r�ght to ho�d such Miscellaneous Proceeds until Lend�r has had an oppor�un��y �o inspec�su�h Property �o ensure�he work has b�en comp�e�ed to L.�nder's NEBRASKA-5ir�gi�Family-�ar�nie Mael�reddie Mac UNI��RM INSTRUMENT Farm 3428#1�1 VMP Q VMPS{N�y�13��f Wvfters Kluwer Financial 5er�ices Pac�e 9 af 17