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��14�77�� con�anue�a p�.y ta L�nd�r the amau�t of the separately des�gnated payme�ts th.at v�r�r�due when�he insurax�ce caverag�ceased�o be in�ffect. �Lenc�er vv�.I1 a��ept, �se�d retain these p�.ymex�.t�as a non-re�dab�.e�.oss reserve u�lieu of 1.Vlor�gage Insuranc�. �uch Ioss reserve sha��be r�ox�refur�dab�e, notw�thstanc�.�ng the fact�hat�he Loan is ul�imat�Iy pa�d in full, and Lender sha11 not be requi�red�o pay �3orrower a��r ixateres�or earn��gs�n suc�x las�reserve. Lender can�.0 longer require Ioss reserve pay�ments � �f Mor�gage InsUx-ax�.ce coverage(7.n the amoua�t and for th.e p�riad tha�Lender requires�prov�ded.�by an i�surer selected by Lender agai.n becomes availab�e, i.s ob�ained, and Le�der requires sepaxately designated payments�ov�ard the premiums for Mortgage Insurance. If Lender required Mortgag�I�.surance as a cond.�tion of mal�ing�he Loan and Borrovrex-wa.�requir�d.to make separately des�.gnated pay�en�s taward the prexx�ums for Mor�gage I7nsura�a.ce, Borr�tiver shall pay the prem�iums requzred to maintain Mor�gage Insuranc�in effect, flr to provide a nan refundable�a�s r�serve, unt�.�Lender's requ.iremen-�for Mor�gage I.n�surance ends�accordance Wxth any�wr�tten agree�n.en�t between Borr�wer and Lender�provid�.ng for su�h ternv.nat�on or un�i1.term�r�at��n�s required.�by App�.xcab�e L.av�r. Nathi�g�n�his Section 1 U affects B�rrov�rer's obl�zgation�a pay int�rest at the rate pravided in the Note. Martgage Insurance re�rnburses Lex�der[or any�ntzty that purchases the N�t��fQr cer�ain�.osses it may ixa.cur �f Borrower does nat repay the Laar�a�agreed. Borrawer�s not a par�y�a th�Mor�gage Insuranc�. Mor�gage ix�.surers evalua:te the�.r tota�.ri.sk on a�I 5uch�.nsurance in force fram��me to ti.me, and ma�r en�er ix-�.to agreemen�s w�th at�ier parties�h.a�share or mod�fy�heir risk, ar r�duce�osses. 7C`hese agreemen�s are on term,s ar�ci cond�itians�.h.at are satisfac�ory to th.e mortgage i�surer and�he o�lier party�or�ar�zes�to�.hese agreements. The�e agreements may require t.�ie m�rtga��.n.surer ta make payments us�ng any s��arce of funds . that�ie mortgage ir�sa�er may hav�available�u�l�i.ch�a.ay i�clud�e funds flbtair�ec�from IVlartgage Insura.�ce prerr�iu�s). As a r�sult of t�iese agreements, L.ender, any pu�chaser�f the NQte, another insurer, any r�i-�.surer, any other entity, or ax�.y a��.�ate af any of the foregoing, may receive[directly or�ndirect�.y�amaunts�hat derive from (or mzght be charac�er�zed as�a por�zon of JBQrro�ver's paym��ts for Mor�gag�I�nsurance, in exchange for sharir�g�r mod�fyi�a.g�h.e mort�gage�risurer's rzsk, ar reduci�g Iosses� If such agreement pr�v�des that a.n affilia�e of Lender takes a share af�he�surer's risk in e�chax�.ge far a share of the premiums�aaid�o the ir�.�urer, the arrangement is Qften tenned"captive rein.suarance.#' Fur�.er: ��} A�y�such agre�r�ents will�.ot affect th��.ou�t��hat�v�x��er h�.�agreed��pay f�r Martgage �:s�uranee, �r any�ther ter�ns�f the]L�a�. Such�g�ee�e��s�1�.�.ot iucrease�he amo�n� �3orrow�r w�11 awe fo��I�rtgage I�sura�ce, and they wa�.1.not e�title�mrro�e��t� a.n�r�fiu�u.d. ��} �n�su��agr�e�nents v�il�.mot affect the rights Eorr�yve�has-aif an�--v�:th r�spect to the �Ivrtgage]C�n.s��.uce�der th�]BCo�eov�.ers Frot�ction.�.ct�f 1998 or ax�.y��lli�r�aw, �'�.ese r�g�its �nay in.clude the r�ght ta receive certain disc�osures, to requ�st a:�d o�btain c�:mc�ll�.tion�f t�:� Nl��rtgag�]C.�su�ramce, to have the Nlvrtgage I�suranc�te�a�a�ima�ed a.ut�matxcally, an�.Io�-t�re�eive a r�f�n..cl�f an��Io�gage In��aura�ce premi-ums��t were�xi�a�n�d�t the�e of such ca�cellatio�a or t�rYni�atio�. '�'!, Assignr��r�t o�' 1�is��lI�neous Proceeds; Farfeitur�. 1�I1 M�scellan.eous Proceeds�xe hereby a.Ssigned t� a�.d s]ha��pa�d ta Lender. If the Property�s damaged, suGh Miscel.�aneous Proceeds s�ia11 be appl�e�to restorat�.on or repair of�he Praper�y, �.f the restora�ion or repair is econami�a�.ly fea�ible and Lender's security is��t�.essenec�. During such repa�r and restorat�on period, Lender sha1.I.have th�r�ght�a h�ld such Misce�Ianeous Proceeds u�t�� Lender has had an app�rtu�ity to inspect such Propert�y t� en�ure�.he v�ork�ias been completed�o Lex�.der's 24�a7525 NEBRASKA-Sing[e Family-Far�nie M aelFreddie M ac�NIFQRM INSTRt]M ENT F�rm 3428�l�i VMP Q IIMPfi�NE}{'E302} Wniters K[Uwer F�ancial Senrices Page 9 of�7