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��14�7157 cont�nue to pay to Lender the amount of th�separately des�gnated paymen�s tha�were due when the �nsurance coverage ceased�o be in eff�ct. Lend�r wi��accept, use and reta�n t�ese pa�m�n�s as a non-refundabl��oss reserve in Iieu af Mor�gage�nsuranc�. Such lass reserve sha��be n.on-refundable, no�w�thstanding the fa�t that�he Loan is u�timate�� paid in fu��, and Lender shall nat�e requir�d to pay Borro�er an��n�erest or earning�on such l�s�reserv�. Lender�an no �anger require loss reserve paymen�s xf Mortgage�nsurance coverag� �in the amoun�and f�r�he perio�.tha�L�nder requires}pra��ded b� an �nsurer selec�ed by Lender again be��mes a�ai�ab�ea �s�b�ained, and Lender requires separate�y designa�ed payments toward�he pr�miums far Martgage Insurance. �f Lender requir�d Mor�gag�Insurance as a condi��on of mak�ng the Loan and Borrower was required to make separate�y des�gna�ed paym.ents taward�he pr�miums for N.[�r�gag��nsuranc�, Borrow�r shai�pay the prenuums required to maintain Mor�gage �nsurance�n�ffec�, or�o pro�id�a n�n-refundable i�ss reser�ey un�.i� Lend�r's r�quirement for Mor�gage insuran�e ends in accorda�ce v�i�h any v�r�t�en agreement between Borrnv�er and Lender pro�iding f�r such �ermination or unt�l termina��an�s requ�red by Appli�ab��Law. Not�iing �n this �ec��on 1�affec�s Borrov�er's��gat�on t�pay interest at�he ra�e pro�zded in the No�e. Mo�tgage�nsuranc�r�xmburses L�nd�r�ar any en�ity�ha�purcha��s�he No��} for certain�osses ��may �ncur if Barr�w�r daes no�repay�he L,�an as agreed. Borrower��n��a par�y to the N�or�gage Insurance. M�r��age�nsurers evaluate th��r�ota1 risk on a�l such �nsuran��in force from�ime to tirr�e, and may en�er into a�reements v�x�h other par��es tha�share or moc�ify the�r r�sk, or reduce�osses. These agreemen�s are�n terms and c�ndit�ons that ar�sat�sfactory�o the mor�gage insurer an.d the ather party �or parties} ta these agreements. These agreem�n�s ma�r requ�re�he mor�gage insurer�o rnake paymen�s us�ng any s�urce of funds that�he mor�gage in�urer may have a�ailabl�(wh�ch may include funds obta�ned fr�m Mar�gag� Insuran�e pr�miums�. As a resu��of th�se agr�ements, Lender, any purchaser af the Note, another insurer, any reinsurer, any o�h�r en�it�, or any aff��xate of any�f�h�f�regoing, may rece��e�directly or ind�rectly} amounts that derive from �ar migh�.be charac�eri�ed as} a por��Qn of Borro�er's paym�ents for Mortgage Insuran�e, in exchange f�r sharing or modifying�h�mar�gage�nsurer's r�sk, or r�ducing Iosses. �f su�h agreem�ent pro�ides tha�an aff��ate of Lender takes a share of the insurer's r�s��n exchang�for a share of�h�prem�ums paid to�he �nsurer, the arrang�men� �s of�en�ermed "captive reinsurance." Furth�r: t a� Any such agreements w�il nat affect the am�un�s that Borrower has agreed to pay for Mortgage Insurance, or any other terms of the Loan.. Such agreement�w��l not�ncrease the amount Borrower►w��I owe far Mor�gage Insurance, and they wx��not ent�t�e Barrower to an.y refu�nd. 4 b� Any such agreemen�s will not affe��the righ�s Sarrower has-if any-w�th respect to th� Mor�gage Insurance under the�ion�.eowners Pr�tec�i�n Act of 1998 ar any ather Yaw. These r�gh�s may in��ude the right to receive certa�n d�sc�osuresy to request and obtain cance�lation of the �Vlortgag�Insuran�e, to have the Mortgage Insuran.ce t�rminated automatica�ly, andlar tv recei�e a refund of any Mortgage Insurance premiurr��hat were unearned at th�time�f�u�h cancel�at�on or term�nat�on. �'I. Assignment nf tlJliscelianeous Prnceeds; Forf�iture. A�1 Miscel�aneous Proceeds are hereby ass�gned�o and shai�be paid�o Lender, If the Praper�y i�damaged, such N��sc��aneous Procee�s sha��be appii�d�o restaratian or repair af the Property, if�he restara�ian or repair�s econamically feas�ble and L.ender's se�ur�ty�s n��ess�ned. Dur�ng such repair and restorat�on period, Lender sha��ha�e the righ��o ho�d such Misce��aneous Proce�ds unt�� I.�nder has had an oppor�un��y �a �nspect su�h Praper�y�o ensure the wark has been camp�eted�a Lender's NEBRASKA-Singte��miiy-Far�ni�MaelFreddie Mac UNIF�RM INSTRUMENT �orm 3�28 11D1 VMP Q VMPfifN�j�'�3D2) Woiters Kluwer Financia3 5er�iceS Page 9 of 17