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��15�1�4� continue��pay to I.lender the amoun�of the separa�ely d�signated pa�rmen�s that were due when�he insuran�e coverage�eas�d to be in effec�. Lender will a�cept, us�and re�ain these payments as a non--refunda��e�oss reser�e in lieu af Mor�gag��nsurance. Such Ioss r�s�rve sha11 be non-refundable, no�wz�hstanding�he fa��hat the Loan�s u��imatel�paid in fulls and Lend�r sha11 not be required�a pay Barrov��r an�int�r�s��r earnings on such�oss reserv�e. Lender can no longer require loss reserve paymen�s if Mortgage�nsurance caverage�in t�e amount and far�he per�od�hat Lender requires}pravided�by an insurer se�ec�ed by Lender aga�n becomes a�ai�able, is abta�ned, and Lender requ�res separate�y des�gnated pa�men�s toward the premiums for Mar��age�nsurance. �f Lender required M�r�gage�nsurance as a candxtion of making th�Laan and Borrower�vas required fio make separate�y designated pay�nents tovcraxd the premiums far Mor�gag��nsuranc�, Borrower shal�pay�he premiums requ�red to xnain�ain N�ortgage �nsurance in effect, or to provide a non-refundabie�oss reser�e, un�i1 L.�nder's requ�remen�for N�ortgage �nsuranc�ends �n accordance wi�h an�wr�t�en agreement be�ween Borrower and Lender provid�ng for suc�i �erma.nat�on or un�il t�rmina�i�n is requ�red by Appl�cable La�r. No�hing�n this Se��on 1�affec�s Barro�er's obliga�ion�o pa� �nter�s�at the rate provided in�he No�e. Mortgage Insuran�e reim�urses Lender�or any entity tha�purchases�he N�t�} for c�r�ain lasses�t may �n�ur if Borrov�er daes n�t repay the Laan as agreed. Borrower is nat a party�o the Mortga��nsurance. Mor�gage insurers eva�uate�he�r�ota� risk on a11 such insurance in force fram time�v tim�, and may en�er �n�o agreem�nts with o�her par�i�s that share or modify�heir r�sk, or re�uce losses. These agreements are on terms and cond�ti�ns tha�are satisfac�ory�o�he mor�gage insurer and the other par�� (or par��es} to these agreem�nts. Thes�agre�men�s m�a�r requir�the mor�gage�nsur�r to make payments using any source of funds �ha��h�mor�gage insurer may have a�ra�la�le�v�h�ch ma��nclud�funds ob�a�ned from M�rtgage�nsurance pr�m�ums�. As a r�su��of these agreements, Lender, any purchas�r of�he Nate, ana�h.�r insurer, a.ny re��.surer, any o�her ent��y, ar any af�Iia�e af any of the foregoing, may re�ei�e�dir�ctl�or ind�r�c�iy}amoun�s�.hat der��e from. �ar m.i�h�be charac�er�z�d as} a parti�n of Borrov�er's paym�nts for Mortgage Insurance, in exchange for sharing or modifying�h�mor�gage insurer's risk, ar r��ucing losses. �f such agre�ment pr�vides�hat an affiliate�f Lender�akes a share nf the�nsurer's r�sk�n e�change for a share of�he premiun�s pa�d�o�he insurer, the arrangement is af�en��rmed "captive reinsurance." Fur�her: ta� Any such agreements will nat affec�the am.oun�s that Borrov�er has agreed to pay for 1'Vtor�gage Insur�nCes or any other terms of the Laan. Such agr�emen�s will not increase the amount Borrower wi�I�vve for IVlortgage Ir�surance, and they wil�not ent�tl�Borrower to any refur�d. �b� Any such agreemen�s will not affect the r�gh�s Sorrfl►�ver has-if any-with respect to the M�rtgag�Insurance under the Homeawners Protection Act of 1995 or any�ther Iavv. Th�se�igh�s may include the r�ght to receive cer�a�n disclo�ures, to reques�and abta�n cance��ation of the Mor�gage In�urance, to ha�e the Mor�gage Insuran.ce�erminated autonla�xca��y, andlvr to rece��e a refund oF any�Vlortgage Insurance premium�that were unearnec�at the t��e of su�h cancellation or termination, �'I. Ass�gnment of Niisce�faneous Proceeds; Forfeiture. A�� M�sc�Xlaneous Proceeds are hereby assigned�� and shall�e pa�d�o Lend�r. If�he Pr�per�y �s damaged, �uch M�scel�aneous Proceeds shall be applied�a res�orat�on�r repa�r of the Proper�y, if the res��ration ar repair is ec�nomi.call� feasib�e and Lender's securi��r �s nvt i�ssened. Dur�ng such repa�r and restora��on period, L�nd�r sha��ha�e�he righ�t�hold such N�isc�l�aneou� Proceeds unt�l Lender has had a�oppor�unit�to inspect su�h Property to ensur��he wark�as been campleted to Lender's N�BRASKA-Single Family-Fannie MaelFreddie Ma�UNiF�RM INSTRLJMENT Form 3fl28 i 1�� VMP� VMP6�NE)�130�} Wolters Kl�wer�inancial 5er�ices Page 9 of 7 7