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��14��3 continue�o pay t� Lender the amoun�of the separa�e�y designa�ed paymen�s�hat►w�re due when�he �nsuranc�coverage ceased ta be �n effect. L..ender wi�� accept, use and reta�n these payments as a non-refundable l�ss res�r�e in Iieu of Mortgage �nsurance. Such iass rese�-ve shax��e n�n-refundab�e, no�v�r�thstand�ng the fac��hat�he Loan is ult�ma�ely pa�d in fui�, and Lender shall not be required tQ pa�r Borrower any in��rest or earnings fln such Ioss reser`re. I,�nder can no langer requ�re l�ss reser�e paymen�s if N�ortgage �nsurance co�erage�in�he amoun� and for the period that Lender requires}provided by an insur�r sele��ed hy Lender again�ecomes availab�e, is ob�ained, and Lender requires separate�y designa�ed paymen�s taward�he premiums f�r Mor�gage�nsurance. �f Lender requ�red Mor�gage Insurance as a condition�f mak�ng the Loan and Borrawer v�ras r�qu�red�o rn.ak�separate�y des�gna�ed payments tavvard the premiums for Mor�gag��nsurance, Borrovwer shal�pay the premiu�m.� requ�red ta maintain Mar�gage Insurance�n effect, ar�a provide a nnn�refundabie loss reser�ve, un�ii Lender's requir�men�for Mor�gage Insurance ends in accardance vvith an�writ�en agr��ment between Borrov�er and Lender pra�iding far such ternr�inat�on ar unt��ter�m�na�ion is required by Applicabl�Lav�. Nothing �n�his Sec�ian ��affec�s Borrower's o�ligati�n�o pay interest at the rate pro��ded in th�Note. Mor��age �nsuran�e reimburs�s Lender��r any entity that purchases the N�te} for cer�ain lflsses it ma� �ncur if Bflrrower does not repa�the Loan as agreed. Borrawer�s not a par�y to the Mortgage�nsuranc�. Mor�gage insurers��raluate their�ota� r�sk nn all such insurance�n force from time�o�ime, and may en�er into agreements wi�h other parti�s�hat share or n�adify�he�r risk, or redu�e losses. These agreements are on terms and cond��ions that are satisfac�ar�to�he m.flr�gage insurer and��e ofher�art� �or pa��es}�o these agreem.ents. These agreemen�s may r�quire�he m�r�gage�nsurer to make payments using any source of funds ��.at the mor�gage insurer may have ava�lable�wh�ch r�ay inc�ude funds obtained from Mortgage Insuranc� premiums�. As a resul�of��ese agreemen�s s Lender, any purcha�er of the Note, ano�her insurer, any re�nsur�r, any other ent��r, or any af�liate�f any of�he forego�ng, may rece�ve�direc�ly or ind�rec��} amounts that derive from �or might be chara�terized as� a por�ion of Barrower's paymen�s for Mortgage Insurance, in e�change far sharing or m�dify�ng th�mor�gage�nsurer's risk, or reduc�ng�osses. �f such agre�men�pr��ides that an af�i�ate of L.ender�akes a sha�re of�he insurer's risk in ex�hange for a share of�he prem�ums pa�d�o the insurer, the arrangement is�f�en�ermed "cap�i�e reinsurance." Fur�her: ta} Any such agreements will no�affec��he amounts that Borrower has agreed to pay for Mor�gage Insurance, or any ather�erxns of the Loan. Such agreemen�s w�Il not�ncrease the amaun� Barro►��ver wil�owe for Mor�gage Insurance, and they w��i not ent�tle Borrower�a any refund. ��3 Any such agre�ments wi��no�affec� the righ�s Borro�ver has -if any-w�th resp��to th� �Vlortgage Insurance under the Horn�.eowvners Protec�ion Act of 1998 or any other�aw. These r�gh�s rnay�nc�ude the right to receive cer�ain dis�losuress to request and o�ta�n�an�e��ation of the �Vlortgage Insurance, ta have�he Mar�gage Insurance terminated automaticaliy, andlvr to rece��e a refund of any Mortgage Insurance prem��un�s that were unearned at the time of such cancel�at�on or terminat�on. ��. Ass�gnment of M�scel[anevus Prviceeds: Forfeiture� A�� Il��scellane�us Proceeds axe hereb� assigned�o and sha�l be pa�d to Lender. �f the Proper�y is damag�d, such Misce�laneous Proceeds shall�e applied to restara�ion or repair of th� Property, if�he restorat�on�r repair�s economical�y feas�h�e and L�nd�r's s�curity is not lessene�. During such repa�r and res�orat�on period, Lender shal�ha�e�h�righ��hold such Misce�Xane�us Pr�ceed�until L,ender has had an opportuni�y�o inspec�such Proper��to ensure the work ha�been completed to Lender's NEBRASKA-5ing�e Family-Fannie MaelFreddi�Ma�UNIFDRM INSTRUM�NT �vrm 3�28 11�1 VMP(�] VMPfitNE3 Z73fl�i WalterS 14luwsr Financiaf 5er�ices Page 9 of 17