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��14�7��1 continue to pay to LL�:nder�he amoun�of�he separa�e�y �es��nated paymen�s�hat v�rere due when the �nsurance co�erage ceased�o be in effect. Lender wi�� accept, use and retain�hes�paymen�s as a nan-refundab�e loss reser�e in��eu of N�or�gage�nsurance. Such Ioss res�r�re sha��e non-refundable, not�ithstanding th�fac��ha�the L�an is u�t�mate�y paid �n fu�i, and Lender sha�� no��required to pa� Borrov�rer any in�er�s�or earn�ngs on such loss reserve. Lender can no�onger requ�re l�ss reserve payments if N�ortgage�nsurance co��rage�in��e amount and for the period�ha� Ifender requ�res}pravided by an insurer sele�ted by L�nder again becomes a�a�lahle, is a�taine�i, and Lender requires separat��y designated payments tovvard the premiums for M�rtgage�nsurance. �f Lender requ�red Martgage�nsuran�e as a candi��on af mak�ng the Loan and Borrower v�as r�qu��ed�o make separa�e�y des�gnated payments toward th� prenl�um�s for N�or�gage�nsurance, Borrower shall pay �he pr�miums required ta nn.aintain Mor�gage �nsurance in eff�ct, ar�o proWide a non-r�fundable loss reser�e, un�i1 Lender's requiremen�for Mor�gage Insurance ends in acc�rdanc�with an�v�arit�en agreem.en�be�ween B�rrovver and Lender pro�id�ng for such �erminat�fln�r un��termination is requ�r��i�y Appl�cable Law. Noth�ng in this SeG�ion ��affec�s Borrov�rer's o�ligation�o pay interes�at the rate provided in the Note. M�r�gage�nsurance reimburs�s Lender�ar any ent�ty tha�purchases�h�Note} for certain�osses ��may �ncur if B�rrov�er daes nat repa��he I..�an as agreed. Borrower is not a party�o�h�Mor�gage�nsurance. Mort�age insur�rs evalua�e their�otal r�sk on all such insurance in farce from time t�t�me, and may en�er into agreem�nts w��h other par�i�s t�at share or modif��he�r risk, or reduce losses. These agre�ments are an �erms and conditions�ha�are sat�sfactory�o the mortgage insurer and th��ther party �ar part�es}�o thes� ag�-eemen�s. These agreemen�s ma� requir��he mtir�ga�e insur�r to make payments using any source of funds �hat the mnr�gage insurer may have avaiiab�e�which n�ay include funds obtained from Mort�age�nsurance premiums�. As a resu��f these agr��men�s, L�nder, any purchas�r�f th�Note, another insurer, any reinsurer, an}� other en��ty, or any affiliate�f an�of the foregoing, ma�r recei�e�direc�l��r ind�rectly}amounts that deri�re from �ar m�gh��e�hara��erized as} a portian of Borrow�r's paymen�s for Mortgage Insurance, in exchange for shar�ng�r mod�fy�ng the mortgage insurer's risk, �r reducing�osses. �f such agreement pro�ides�ha�ar�. aff��ate of Lender�akes a share of the�nsurer's risk in exchange for a share of the premium�paid to the insurer, �he arrangement is often termed "capt�ve reinsurar�ce." Fur�her: �a3 Any such agreemen�s vWi�i nat affe�t�he axnoun�s that Borrower has agreed#o pay far Mortgage Insurance= or any o�her�erms of the Loan. Such agreemen�s will no�increase�he amount Borrower wi��awe for Mar�gage Insurance, ar�d they vvi��not ent�tle Borrower�o any refund. �b} Any such agr�ements wi�l not affect the r�gh�s Borrovver has�if any -w��h resp�t to th� �Vlortgage Insurance under the Hame�►�vners Protec�ion Ac�of 1998 ar any other�aw. These r�gh�s xnay�nc�ude the rxght�v recei�v�cer�ain d�sclosures, �o reques�and ob�ain�ancel�a�ion of the 1Viortgage Insurance, �a ha�ve the�Mortgage Insurance terminated au��matica��y, andlar�a recei�e a refund of any Mortgage Insurance prem�ums that v�ere unearned at�he time of su�h cance��ation or term�nation. 1'[. Ass�gnment of Miscet[aneous Prv�eeds: Forfeiture. A�� Misce��aneous Proce�ds are hereb�assigned�o and sha��be pa�d�o Lender. If�he Property �s damag�d, such Miscelian��us Proceeds sha��be appiied�o res�oration or repair of the Pr�per�y, �f the r�storat�an or repair is econami�ally feasib�e and Lender's security is not Iessen�d. I7uring such repa�r and restora��on period, Lender shall ha�e the right to hold such Miscellane�us Pr�ce�ds un�i� L.�nder has had an oppor�un�ty to inspec�such Pr�pert}�� ensure the work has been comp�eted�a Lender's N�8RA5KA-5ingle Family-�anr�ie MaelFreddie Mac llNt�dRM[NSTRUMENT �arm 3D28 1t�1 VMP� VMPfi�NE}�i 3021 Wotters Kluwer�inancial Ser�ices Page 9 0�17