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��15�� confinue to pay to Lender the an�.aun�of�he separately�es�gna�ed payments that were due when�he �nsurance ca�erage�eased to�e�n eff�c�. Lende�r w�� acc�p�, us�ar�d retain these payments as a nan�refundab�e�flss r�serve in�ieu of Mortgag��nsurance. Such loss reserve shal�be non-refundab�e, no�v��a.s�anding�he fact tha��he Laan is ul�ima�ely pa�d xn fu�l, and Lend�r sha�l not be required�o pa� Barrowe�any interest or earnings ori su�h�oss rese�-�ve. Lender can no �anger require iflss r�ser��pa�ments �f M�r�gage�nsurance ca�erage ��n the amount and for the period that Lender requires}pro�ided by an �nsurer se�ected by Lender aga�n b��omes a�ai�ab�e, �s a��a�ned, and Ilender requ�res separa�e�y des�gna�e�. pa�men�s toward the premium� for M�rtgage�nsurance. �f Lender required Mar�gage�nsurance as a condi�i�n af makxng�h�L�an and Borrower was required to�m.ake separa�ely des�gna�ed paymen�s toward the premiums f�r Mar�gage�nsurance, B�rr�w�r shall pay fhe premiums required to mainta�n Mor�gage Insurance�n effect, or ta pro�r�de a nan-refundab�e�a�s reserv�, un�i� Lender's requirement far Nior�gage �nsurar�.c�ends in accflrdance wi�h any wr�tten agreement Y�etv�een Borrawer and Lender pra��ding f�r su�h �erm�na��vn or un�i�terminat�on�s required hy App�icab�e Law. �o�hing �n this Section ��affe�ts Borrawer's o�ligat�on t�pay �nterest at�he rate provided �n the�ote. N[or�gage�nsurance re�nzburses Lender��r any ent�ty tha�pur�hases the Note} for cer�a�n��sses i�may incur if Bflrrav�er does no�repay�he I.aan as agreed. Barrawer is not a par�y to the Mor�gage Insurance. N�or�gage insurers evalua�e�heir�ota.I risk on aIl suc�xnsurance in force from��m��a ti�ne, and may enter �n�v agr�emen�s with�th�r part�es that share or mod�fy�he�r risk, or reduce losses. Z'hese agreemen�s are an terms and cond��ons�ha�are sat�sfa�tory�o�he mortgage��surer and�he other par�y tor par�i�s}�o�hese agreement�. These agreem.en�s may requ�re�he mortgage insurer�a m.ake pa�ments using an�r sourc�of funds tha��he mor�gage insurer may ha�e a�ai�able�wh�ch may include fu�ds ob�ain�d from Mor�gage�nsurance premiums}, As a resu��of these agreemen�s, Lender, a.ny purcha�er of the No�e, ano�her insurer, any re�nsurer, any ather ent�ty, or any affi�ia�e of any of�he foregaing, may recex�e�dire��or�ndirec�iy} amoun�s�ha�.der��e fram �or m�gh�be characterized as} a por�ion of Borrower's pa�ments far Mortgage�nsurance, in e�change far sharing�r mod�f��n��he mor�gage�n.surer's risk, or reducing iosses. �f such agr�ement prvvides�hat an af�l�a��of Lender takes a share of th�insurer's risk in exchange for a share of the premiums pa�d�o�he �nsurer, �he arrangement is aften�erme� "cap�ive re�nsurance." Further: �a� Any such agreements�i��not affect the amoun�s that Borrower has agreed to pay for Mor�gage Insurance, or any ather term5 of the Loan. �uch agreements w�l�no�in�rease the am�unt Borrower wi�l owe for Mortgage Insurance, and they wil�not en�it�e Borrower to any refun.d. ��} Any such agreements wi��not affec�the rights B orrawer has -if any�w�th respect to the Mortgage Insurance und�r the Home�wners Protectian Ac�of 1995 or any a�her Iaw. These rights may xnc�ude the r�ght ta rece��e cer�ain disc�osure�, to requ�st and o�tain cance��at��n of the �Vlortgage Insurance, tv have the Mortgage Insurance terminated au�omatica��y, andlor to r�ce��e a refund of any Mortgage Insurance prem�ums that were unearned at the time of suc�. cancellat�on ar terminat�an. 'i�. Assignment of N�isce�lane�us Proceeds: Forfeiture. All Misce��aneous Proceeds are hereby assigned�o and shall��paxd to Lender. �f�he Pr�per�y is damaged, such Misce��aneous Procee�.s sha��be app�ied�o restoration or repa�r�f the Proper�y, if the r�s�oratian or repa�r is e�onom.i�a�ly feasible and Lender's security �s n��le�sened. During such repa�r and restoration per�od, Lender shall ha�e�he righ��o hold such M�s�e�laneous Pr�ceeds unti� Lender has had an oppor�unit�to inspec�su�h Proper��to�nsure��.�vwork has been comp�eted�❑ Lender's NEBRASKA-Singt�Famify-Far�nie Mael�reddse Mac U[VIFt3RM 1NSTRUM�NT Farm 3D28 11I]1 VMP�y VMPfitN��13�2j Wvlters Kfuwer finar�cial Ser�ices Page 9 af 17