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��15��55� �ont�nue to pay to Lender the am.�unt of the separate�y des�gna��d payments that were due when�he �nsurance co��rage ceased to he in effec�. Lender wili accep�, use and retain�hese paymen�s as a non-refundable Ioss r�s�r�ve in I�eu of Mar�gage Insu�rance. Such�oss reserve shall be non-r�fundab�e, na�withs�and�ng th�fa�t�ha�the Laan is uitima�e��paid in fu��, and Ilender shall n�t be requxred�o pa� Borr�wer any in�eres��r earnings on such loss rese�r�e. L�nder can no longer requ�re�oss reserve paym.ents �f Mor�gage�nsuranc�co�verage�in the arn�unt and for the p�ri�d that L�nder requ�res}pro�ided by a.n �nsurer se�e��d by L�nder again becames availab�e, is ob�a�ned, and Lender requires separa�e�y designa��d payments toward�he pr�miums f�r Mortgage�nsuranc�. �f Lender required Mor�gage�nsuranc�as a conditiQn�f rnaking�he Laaxi and Borr�wer v�►�as requ�red�o make separately des�gnat�d paymen�s tov�rard the premium�s for M�rtgage�nsurance, Barr�wer shall pay the pr�miums required to maintain Mor�gage �nsuran��in effe��, or to pro�v�de a non--refundab�e lass r�se�-ve, unt�� Lender's requirem�nt for Mor�gage �nsurance ends in acc�rdanc�w��h any wr�tten agr�emen�between�3orrower and Lender prflviding for such termination�r unt��termina��on is requxre�.by Appiicab�e Law. Na�hing in this 5ecti�n 1.4 aff�c�s B�rr�wer's ob��ga��on to pay �n�erest a��he rate provided in�he Note. Mor�gage�nsurance reimburses Len�ier�or any�nt�ty��Zat purchases th�N��e�f�r c�r�ain��sses it�na�r �ncur if Barro�ver does not repay the L�an as agreed. Bnrr�w�r�s not a gar�y�o the Mor�gage�nsurance. Mor�gage�nsur�rs evaivate the�r�otal r�s�on a11 such insurance�n force from t�rne��t�me, and may enter in�o agreemen�s w�th other par�zes��at share�r mod�f�th�ir risk, or reduc��nsses. These agr�ernents are on terms and�ondi�ions�hat are satisfac�o�-�r to the mortgage�nsur�r and the ather par�y �or par�ies3�a�hese agreemeri�s. These agr��m�r�ts may require the mortgage�nsurer t�make paymen�s us�ng-an�r source.of fixnds �ha�the mor�gag��nsurer may hav�availabie�wh�ch may includ�funds a��ained fram Mor�gage�nsu�ance premiums}. As a resu��of�h�se agreements, Lend�r, an�r pur�haser�f the Note, an�ther insurer, any reinsurer, any ather ent�t�, or any affi��ate of any of the faregoing, may re�eive�d�rec��r or ind�rec��} am�un�s#ha�deri�e fram �or m�gh�be charac�erized as} a por�i�n of Barro�rer's pa�ments for M�r�gage�nsurance, �n e�chan��for sharing ar madif�ing the mortgage�nsurer's r�sk, or reducing�oss�s. �f suCh agreement prov�des�hat an affil�a�e af Lender�akes a share of the insurer's risk in exchange for a share�f the premiums paid to�he insurer, t�e arrangement xs�f�en terme� "cap�ive reinsurance." �urther: �a} Any such agreernents wili not affe�t the amaunts that Borrawer has agreed to pay for Martgage In�urance, or any a�her term5 of the Loan. Such agreemen�s will not�ncrease�he am�vunt Borrower wi�l awe for Martgage In�urance, and they w��not entit�e Barrower to any refund. �h 3 Any such agreem�ents w��l not affect the righ�s Borrower has��f any�with respect to the Martgage Insurance under the�Iomeowners Pro�ection Act of 1995 or any a�her�aw. These righ�s may inC�ude the right to recei�e cer�a�n d�sc�osures, to reque�t and obta�n can�e��at�on of the Mortgage Insurance, tv have the Mor�gage Insurance terminated automati�ally, andl�r t�rec��ve a ref�nd�f any IVlor�gage Insurance premiums that were unearnec�at the tx�e vf such cance�lation or term�nati�n. ��. Assignment of Nlisc�llan�ous Prviceeds; Forfeiture. A1� M�sc��aneous Proce�ds are h�reb�assigned�n and shaii�be pa�d to Lender. �f the Pr�per�y is damaged, such M�sce��aneous Proc�eds shall be app�ied�o restoratian or repair of the Proper�y, if�h�res�ora�ior�or r�pair�s�conamicaZ�y f�asible and L�nder's security�s no��ess�ned. During suc�.repair and restorati�n periad, Lender shall have�he ri�ht to ho�d such M�sce��aneaus Proce�ds un�� L�nder has had an opportun�ty t� �nspect suc�Property�o ensur�the work has been compie�ed�.o L..ender's NEBRASKA-Single�amily-Fannie MaelFreddie Mac IJNI�ORM INSTRUMENT Form 3D28 1101 VMP QQ VMPGtN�y(13��y Wa�ters Kluwer Financia[5er�ices Page 9 vf 17