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��15��1� continue�a pay to Lender the amount of�he separa�e�y des�gna�ed pa�men�s that v�er�due when the insurance coverage ceas�d�o b��n effect. Lender wili accept, use and retain�hese payments as a non-refundab�e��ss res�r�e�n lieu of Mor�gage Insurance, Such loss reserve sha11 be non-refunda��e, no�wi�hstandin� the fact tha�the Loan is ultima�ely pa�d in fu11, and Lender sha�l no�be required�Q pay Borrow�r an�interest or earnin�s on such Ioss r�serve. Lender can n� �ong�r requ�r��oss reser�re paymen�s if Mor�gage�nsurance coverage��n the amoun�a.nd for the per�od tha�Lender requ�res}prov�ded by an �nsurer selec�ed by Lender aga�n b�comes ava��ab�e, �s obtained, and Lend�r requires s�parately des�gna�ed payments t�ward the prem�ums for Martgage�nsurance. If L�nder requireci Mor�g�ge�nsurance a� a condit�on of making�he I.oan and Borrov�er v�ras requ�red�o make separateiy designated paym�nts�o�ard the premiums for Mor�gage�nsurance, Borrower sha��ay the premiums required to ma�ntain IV�ortgage �nsurance in effect, ar to provide a non-refixndab�e�ass reserve, unt�l Lender's requ�renlent for Mortgage �nsurar��nds�n accordance wi�h any vvrit�en agreem�nt�e�ween Borrower and Lender pro��d�ng for such t�rn�uination or unt�1�ermina�ion is requir�d b� App�icable Law. Noth�ng �n this Se��on ��affec�s Borrower's �b�igat��n ta pa� interest a�the ra�e pro�rided �n�he Note. N.[or�gage�nsurance reimburses I.�nder�or any en�ity tha�pur�hases the Note� for c��a�n�osses i�ma�r inc�r if Borrower does not repay the Loan a� agreed. Bnrrov�rer��n�t a party to the Mor�gage Insurance, Mortgage insurers��alua�e the�r to�a1 risk on a�l such.insuranc�in force from t��ne to t��ne, and n�ay enter �nto agreem�nts wi�h other par�ies that s�are or modify�he�r r�sk, or r�duce�osses. These agree�rnen�s are on �erms and c�nd��ions that are sa��sfactory to the mor�gag��nsurer and the other par�y�or par�ies} to thes� agreem.ents. These agreem�nts may require the mar�gage insurer�o make payments us�ng any source of funds �ha��he mortgage insurer may have availa�Ie(which ma� includ�funds�btained from Mor�gage�nsurance premium�}. As a resu�t af these agreements, Lender, an�purchaser of�he I�o�e, another�nsurer, any reinsurer, any ather entit�, or any affiliate of any of the foreg�ing, may receive(direc��y or�nd�rectly} am�un��that derive from �or m�ght be characterized as} a partion�f Borrower's payments for Mortgag�Insurance, in exchange for sharing or mod�f�ing the mar�gage�nsurer's rzsk, or r�ducing Ioss�s. �f such agreem�nt prov�des tha�an af��ia�e of Lender takes a share of�he�nsurer's r�sk in exchange for a share of th�pr�m�ums paid�o�he �nsurer, �he arrangemen�is of�en�ermed "cap�ive reinsurance." Furt�zer: �a 3 Any such agreements wi�i not a ffect the amoun�s tha�Borrow�r has agre�d to pay far Mor�gage Insurance, or any ather terms of the Loan. Such agreements►wii�nof �ncreas�the amount Borrower will owe for Martgage Insurance, and they w�il� nat ent��e Borr�wer to any refund, �b� Any su�h agr�emen�s wi�l not affec�the rights Borrower has-if any-wi�h respect to the Mortgage Insurance under the Homeowners Protec�ion Act of 1995 or any o�her law. These r�ghts may inc�ude the right to rQce�ve cer�a�n disclosures, to request and ob�a�n canc��at�fln of the Mortgage Insuran��, to ha�e the Mor�gage Insurance termina�ed au�oma�ica��y, andlor to rece�►ve a refund of any Martgage Insurance�rem�ums�hat wer�unearned a�the t�me of such canc�l�atxon or�erm�nat�an. '�7. Assignment of N�iscellaneous Pro�eeds. Forfeiture. All M�sc��aneous Proceeds are hereh�a�signed to and shall be pa�d�o Lender. �f the Property �s damag�d, such MisceZlaneous Prace�ds sha��be appiied t�rest�ra��on or repa�r of��e Prop�rty, �f�he restoratian or repair is ec�no�nically feasi��and L,ender's securi�y is no�Iessened. During such repair and r�stora�ion period, I�nder sha��ha�e the right�o h�Id su�h Miscellaneous Proceeds unti� Lender has had an appor�un�ty to �nspect such Proper��o ensure the work has b�en c�mp�e��d to Lender's N�BRASKA-Singls�amily-�annie MaelFr�r�i�Ma�L3NI�QRM 1NSTRL3M�NT �or�302$i 101 VMP[R; VMPfi{N�)�130�3 Wolters Kluwer�inancial Ser�i�es Page 9 0#�7