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��14�75�3 cont�nue��pay to L�nder�he amount of�he separa��y designated paymen�s tha�were due when the insurance co�era��ased�o be in effect. Lender v�ill a�cept, u�e and re�ain these paymen�s as a non-r�fundab�e�ass r�ser�e�n lieu of Martgage�nsurance. Such loss res�rve sha11 be non�refundah�e, na�withs�anding the fact tha�th�Laan is u�timately paid in full, and Lender shal� not be r�quired�o pay Barr�wer any interest or earn�ngs an such �ass reserve. Lender can no �onger requ�re�ass reser�r�payments if Mortgage Insuranc�caverage��n the am.ount and for�he per�o��hat Lender require�}pro�ided by an insur�r sele�ted by Lender again bec�mes avai�ab�e, is abtained, and Lender requ�res separa�ely des�gnated paym�nts toward�he premiums for Mortgage Insuran�e. �f Lender re�uired M�rtgage�nsurance as a c�ndi��on af mak�ng�he Loan and Borrower was required to xnak�separa�ely designa�ed pa�ments taward�he premiums for Mar�gage �nsurance, Barrower sha�1 pa��he premiums required to mainta�n Mor�ga�e Insuranc��n effec�, or�o pro�ide a non-refundable loss reserve, untii Lender's requirern�en�far Mor�gage Insurance ends in accordance with any wri�ten agreement between Borrower and Lender proWiding f�r such term�nat�on or until �ermina�ion is requ�red b�Applicable Law. No�hing in th�s Section �4 affe�ts Borrov�re�r's ob�igation��pay in�eres�a�the rate pr��rided in�he Na�e. Mor��age Insuranc�reimburses Lender�or an�enti�y�hat purchases�he N�te} for certain I�s�es i�may �ncur if Borrav�rer does na�repa�r �he Loan as agreed. Borrower�s no�a par�y to the Mor�gage Insurance. Mor�gage�nsurers�valua�e�heir totai risk on a11 such insuranc�in f�rce from t�me�o f�m�, and n1a�enter into agre�ements�uith o�her parties that shar��r modify the�r risk, or reduc�lass�s. Thes�agreements are on terms and condi��ons that are satisfactory to �he mor�gage insurer and the o�her party �or pa�ies} �o�hese agreements. The�e agreements may rec�u�re�he mor�gage�nsurer�a make payxnents using any source of funds �hat the mo�gage i�sur�r may ha�ve a�rai�ab��v�rh�ch may include funds o��ained from N�ortgage�nsuranc� pr�miums}. As a result of these agreements, Lender, any purchaser of�he Note, an�ther�nsurer, any reinsurer, any other en�it�, or any aff�I�a�e�f any of the foregoing, ma�receive (d�rectly or indirect�y� amount�tha�deriWe from �or might be characterized as}a p�r��on of Borr�wer's pa�ments for Mor�gage �nsurance, in e�.change for sharing or modifying th�mortgage insur�r's risk, or reducing l�sses. �f such agreement prov�des that an aff�liate of Lender takes a share�f the insurer's risk �n�x�han�e for a share of the prem�ums paid to��.e �nsurer, the arrangemen��s often termed "capt�ve reinsurance." Fur�h�r: �a} Any such agreements w�l�not affec��he amounts that Borrovver has agreed to pay for N�vrtgage `' Insurances or any other�erms of the I�oan. Such agreemen�s will not increa�e the anr�oun� Barrawer wil�owe fnr M�r�gage Insurance, and they��v��l not ent��Ie Borrower t�any refund. �b� Any such agreemen�s wi��not aff�ct the righ�s Borrawer has�if any-�w�th re�pe�c��o the Martgage Insurance under the I3omeo►wners Protection A�t of 199$or an�other�aw. Th�s�r�ghts may�nciude�he r�ght to recei�e cer�ain discl�sures, ta requ��and obta�n cance��ation of the IVlortgage Insurance, �o ha�e�he Mor�gage Insurance term�nated automaticai�y, andlor to receive a refund of any Mortgage Insuranc�prem�ums that were unearned at the t�me of such canCeliat�nn or termination. �1. Assignment af M�sce�[anevus Prnceeds; Fvrfeitur�. A�l M�s�e�laneous Praceeds are hereby ass�gned t� and shal�be pa�d�o Lender. If the Proper�y is damaged, such Miscellane�us Proce�ds shaxl be applied�� rest�ration or r�pair of the Proper�y, if the res�oratz�n or repa�r is econom�cal�� feasib�e and Lender's security �s no�Iessened. During such repair and r�staration period, Lender shali hav�the right�o hold such N��sc��laneous Proceeds un�i� L.�nder has had an oppor�uni�y to ins��ct such Property to ensure the work has been completed to L.ender's NEBRASKA-Singte Farr�iiy-Fanr�is MaelFr�ddie Mac UNI�DRM iNSTRUM�NT Farm 3�28 11�1 VMP Q VMPfi�N�3��3fl�y Wviters Kluwer Financial Ser��ces Page 9 of 17