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��15��151 cant�nue to pay�o Lender the am�un�of the separa�e�y designa�ed pa�ments tha�were due when the �nsurance co�erage ceased to be in effect. Lender w��l accep�, use and reta�n th�se pa�ments as a non-refundable loss reser�e�n Iieu of M�rtgage�nsurance. Such�oss reserve sha�i be n�n-r�fundab�e, natwi�hs�and�ng the fact�ha��h�Loan is ult�ma�e��paid in fu�l, and L.ender sha�l na��e required �o pay B�rrower any �n�eres�ar eart�ings on such loss reserve. Lender can nn �anger requir�Ioss reserve payments if Mor�gage Insuranc�co��ra�e��n the amount and for�he period tha�Lender requir�s}pr��ided�y an insurer sei�cted by Lender a�ain�ecomes a�ailable, �s obtained, and Lender requxr�s separate��d�s�gna�ed paymen�s�oward the prem�um.s for Mortgage Insurance. �f Lend�r required Mor�gage�nsuran�e as a cond�t�on�f making th�Loan and Borrower�ras requ�red to make separately designa�eci payments toward the prem�ums f�r Mor�gage�nsurance, Barrower sha�l pay the premiums required t�maintain Mor�gage In�urance in effect, or t�prov�de a nan-refundable loss reser�e, un��l I.ender`s requir�ment fflr Mortgage �nsurance ends in accordance with any writt�n agre�m�nt betvveen Borrow�r and Lender prowiding for such �erm�na��on or un�i��rm�nation is requir�d by Applicable Law. N��h�ng in th�s Section 1�affects Borrawer's ob�iga��on�o pay �nterest a�the rate pra�r�ded in�he Note. Mor�gage Insurance reimburses Lender�ar any ent�ty that purchases the Nate}f�r cer�ain loss�s it may incur if Borrov�rer does not r�pay the Loan as agreed. Borrower is no�a party�o the Mor�gage �nsurance. Mar�gage insurers evalua�e�he�r total risk on a�l such insurance�n force from time��ime, and may en��r into agreements wi�h�ther parties tha�share or mod�fy their risk, or reduce�osses. These agreemen�s are on �erms and c�nd��ions �ha�are satisfactory�o�he martgage insurer and the other par��r ��r par�ies} to these agr�emen�s. These agreements may r�qu�re�he mortgage insurer to make paymen�s using an�r source of funds tha��he mar�gage�nsurer may have a�a�lab�e�wh�ch may �nc�ude funds�btained fr�m Mortgage �nsurance premium��. As a resul�of thes�agreements, L�nder, an�purchaser of�he Note, ano��.er�nsur�r, any re�nsurer, ar�y oth�r en�ity, or any af�il�a�e�f an�of�he foreg��ng, may rece��e�directly or indirec��y} amaun�s��at der�ve fram (or m�gh�be charac�erized as} a par�ian of Borrov�rer's payments far Mor�ga�e�nsurance, in e�.change for shar�ng or mod�f��ng�he mortgage insurer's rxsk, or reducing��sses. �f such agreement pro�ides tha�an aff�l�ate of Lender ta�es a shar�af�he�nsurer's risk �n exchange fnr a share of th�premiums paid�o�he insurer, the arrangement is of�en termed "cap�ive reinsuran�e." Fu�her: 4a� Any such agreements►�v�l�not afFect th�amounts that Barrawer has agreed�o pay for N�ortgag� Insurance, or any other terms of�he Loan. Such agre�ments wii�not increase th�amvunt Bvrrower wi�i owe for Martgage Insurance, and they ��not en�itle B�rrower to any refund. �b� Any such agreements wi��not affect the rights Borrower has w if any�w��h re�pect�o�he Mortgage Insurance under the�3omeawners Pr�tect�on Act of 1998 or any other�a�v. These rights xnay inc�ude the right to recei�e cer�ain d�sc�os�res, to request and ob�ain cancel�ation of�he M�r�gage Insuran�e, to have the Mortgage Insuranc�terminated autamatically, andlor ta receive a r�fund of an�N�or�gage Insuranc�premiums�ha� were unearned at the t�me�f such cancel�atian ar termina�ion. 'I�. Assignment of Ntis�ei[aneous Proceeds; Farfeiture. A�I M�sc��ane�us Proceeds are h�reby assi�ned to and sha�l be paid to Lender. �f�he Praper�� s damaged, such Miscellaneaus Praceeds sha��be app�ied�o res�ora�ian or repair af the Proper�y, if�he res�arat�on or repair is ecan�mically feasi�ie and Lender's s�curity is no�lessened. During such repair and restorat�on period, Lender shall have�he right to ho�d such Mis�e��aneous Proceeds until Lender�as had an oppartunity�o inspect such Prap�rt�to ensure the work has been comp�eted to Lender's N�BRASKA-5ingle FamiEy-�ar�ni�Mael�reddie Mac uNtF�RM INSTRUMENT �orm 3f]28 11�1 VMP� VMPB�N�)t'�3n2) Wvlters Ktuwer�inancial Ser�ices Page 9❑f 3 7