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��15��SSS con�inu�to pay�� Lender the am�unt nf the separat��designa�ed payments that were due when the �nsurance�fl��rage ceased to be in effect. Lender w�� a�cep�, use and re�ain these payments as a non-refundab�e loss reser�e in�i�u of Mor��age�nsurance. Such�oss reserve�ha��be non-refunda��e, nat�r�t�standing the fa�t tha�the L�an �s ult�ma�el�pa�d�n fu��, and Lender shal�not be requ�red ta pay Bnrrower an� interest or�arnings on such loss reser�re. Lender can no�anger requir�Ioss reserve pa�men�s if Mo�tgage�nsuran�e c�v�ra�e�in the am�un�and far the per�od�ha� Lender re�u�res� provided by an insurer selecte�by L�nder a�a�n becon�es a�ailabl�, �s o�tained, and Lender requ�res separately desi�na�ed paymen�s�oward the pre�n�ums for Mor�gage Insuranc�. If Lender required Mortga�e�nsurance a�a condition of making the I.�an and Borr�vver was req�u�red to make se�arate�y des�gnated paymen�s toward the prem�ums for Mo�gage Insurance, Bnrr�wer shal�pa�tY�e prem�ums required to maintain Mortgage �nsurance in effe��, or to pro�ide a nan-refundab�e�oss r�serve, unf�l Lender's requir�men�for Mortgag� �nsurance ends in accordanc�wx�h any written agreement be�ween Borr�wer and Lender pro�id�ng for such term�nati�n or un�� t�rm�nati�n is required b� App�icab�e Lavv. Nothing �n this Sec�ion l�affects Borrower's abl�ga�ion�o pay in�erest at�he rate prov�ded in the Note. Mortgage Insurance r�imburses I..�nder�or an�entit�tha�purchases�he Note} far c�r�a�n�osses it may �ncur if Borro�ver does not repa�r the Loan as agreed. B�rr�wer is na�a party to�he Mar�gage Insurance. N�or�gage insurers evaluate�heir�otai risk on a�� such insurance in f�rce fr�rn�ime�o�ime, and may�nt�r �nto agreements w�th�t�er par�ies�hat share or modify their r�sk, or reduGe�oss�s. These agreements are on terms and conditions�hat are sa�isfactory to the mor�gage�nsurer and the o�her par�� or parties3 ta th�se agreemen�s. Th�se agreexnen�s ma� requ�re the mor�gage insurer to make paymen�s us�ng any sour�e of funds �hat�he mortgage insurer may ha�e availal�le�wh�ch may inc�ude funds obta�ned from Mar�gag��nsurance pr�m.iums}. As a resul�of�hese agreements, Lender, any pur�haser of the Note, anather�nsurer, any re�nsurer, any other ent��, or any af�i��ate of any af the foregoing, rnay receive�direct�y flr ind�rect�y� amnun�s�hat deri�e�rom �or m�ght�e characterized as} a port�on of B�rrower's payments far Mor�gage�nsuranc�, in e�change for shar�ng or modif�ing�he mor�gage�nsurer's risk, or reducing �oss�s. �f such agreernen�pravides�hat an aff�liat�of Lend�r takes a share of the insurer's risk in exchange for a share of th�premiums paid to the insurer, the arrangement is often termed "cap�ive reinsuranc�." Fur�her: �a� Any such agr�ements will no�affe��th�amounts tha�Borrower has agreed to pay for Mor�gage Insurance, or any a�her�erms of�he Loan. Such agre�men�s w�ii not increase the amount Borrower v�v�� owe for IV�or�gage Insurance, and�hey w��l not ent��e Borrower to any refund. �b� Any such agreem�n�s wil�not affect the righ�s Borrower has�-if any-with respect to the Mor�gage Insurance under the Hamea«ners Pro��c��on Act of 1998 ar any other la►uv. These r�gh�s may include fihe r�gh�to recei�e cer�a�n disc�asures, �o r�ques�and oh�ain c�nce��a��on of the Mortgage InSurance, to ha�e the IVlortgage Insurance�erm�nated au�omat�cal�y, andlor to r�ceive a refund of any N�ortgage Insurance premiums that«ere unearned at�he time o�such cance�la�ion ar terminatian. �'[. Assignment ❑f Misceltaneous Pr�ceeds; Fnrfe�ture. A11 Miscel�aneou� Pr�c�eds are hereby a�s��ned to and sha�1 be paid�o L�nd�r. If the Pr�perty is damaged, such Misce��aneous Proceeds shall be applied to restflrat��n�r repair of the Prnp�r�y, �f the restarat�on or repa�r is econom�call�feasib�e and Lender's secur�ty is not lessened. During such repair and restoration period, Lender shall ha�e�he right to hold su�h M�scel�aneous Proceeds un�il Lender has had an opportun�ty to inspec�such Prop�r�y �o ensure�he wark has been comple�ed�a Lender's N�BRASKA-5�ngte�arniiy-�anni�MaelFredcfie Mac uNlF4RM�NSTRUMENT Form 3028�10'� VMP� VMPfitN��{�3��y W�iters Kluw�r Financia!Ser�ices Pa�e 9❑f 17