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��15�1�77 continue to pay t� I�nder th�amount of the s�para�ely designated paymen�s tha�w�re due when the �nsurance coverag�c�ased t�b�in effect. L�nd�r will �ccept, use and r��a�n th�se payments as a non-refundable��ss r�ser�e in�ieu of M�rtgage Insurance. Such loss res�rve sha�i be nan-refundabie, notwithstanding�he fact�hat the Loan is u�tima�ely paid in full, and I.�nder shal�not be requ�red�o pay Borrov�rer any interes�ar earnings on such Ioss reserve. Lender can no Iong�r r�quire�oss reserve payments if N�or�gage�nsurance�overage�in the amount and f�r the period�hat Lender requ�res}pro��ded by an insurer selected by Lender again beco�nes a�ai�able, �s a�tained, and Lender requires separate�y desi�nated payments toward�he premiums for Mor�gag��nsuranc�. �f Lender requxred M�r�g�ge Insurance as a Condi�ion�f mak�ng the L.�an and Borr�wer was requ�red�o make separate��r designated payments��ward th� premiums for Mflr�gag��nsurance, Borrower sha��pay�he premiums requ�re��o ma�nrain Mortgage �nsurance in eff�c�, or to pro�ide a nan-r�fundab�e�oss reser�re, unt�l L�nder's r�quiremen�for Mor�gage Insuranc�ends in acc�rdance wi�h any wr�tten agre�men�b�t�ve�n Borrower and Lender prov�d�ng far such termina�ion�r unt�� ermina�ian is re�uired by Applic�bie Law. Noth�ng in�his Sectinn ��affects Borr�wer's oh�igat�on to pay in�erest at�he ra�e prov��ed in�he Note. Mor�gage�nsuran��reimburses I.ender�or any en�ity tha�pur�hases the No�e� for�ertain�osses i�may�ncur �f Bnrr�wer does no�r�pay th�Loan as agreed. Barrower is not a par��to the Mortgage Insurance. Mor�gage insurers eva�uat��h��r to�a�risk on ai� such insurance in force from t�me�o time, and may en�er i�to agreemen�s wi�h other par�ies�hat share or mod�f�the�r risk, or reduce losses. These agreem.ents are on terms and condit�ons tha�are sa�isfactar� to�he xx�.ortgage insurer and the other party�or par�ies� to these agreements. These agreemen�s may requir�the m�rtgage insurer to mak�payments using an�svurce of funds �hat the xn�r�gage�nsurer may have a�ai�able�which may inciude funds ob�a�ned fr�m Nl�rtgage Insurance premiums}. As a resul�of�hese agr��ments, Lender, any purchaser af the Nate, another insurer, any reinsurer, any oth�r en��ty, ar any aff�l�a�e flf any of the foregfling, ma� recei�e�d�rectly or ind�rec��} amoun�s�hat deriv�from �or might be characterized as} a por�ion of B�rrower's payments for Mor�gag��nsurance, in exchange for �haring or modify�ng�he mor�gage insurer's risk, or reduc�ng�osses. �f such agreemen�pro�rides t�at an affil�ate of Lender�akes a share❑f�he�nsurer's risk�n e�.change for a share�f�he premiums pa�d t�the �nsur�r, �he arrangement is of�en�erm�d "cap�i�e reinsurance." Fur�h�r: �a} Any such agreements will no�affect the am�oun�s�ha�Sorrower has agreed ta pay for Mor�gage Insurance, or any other terms of the Loan. Such agreem�ents w��not incr�ase t�e a�mount Bnrrower wili o�ve for Mortgage Insurance, and�hey v�ill nat en#itic Borra�ver to any refund. �b} Any�uch agreements will not affect the r�ghts Barrower has-if any-wi�h respect to the Mor�gage Insurance under the I-�omeo�vners Pro�ec��on Act of 1998 or any other�aw. T�e�e rights may include the righ�to receive cer�ain disc�os�res, to request and a�tain c�ance�latian of the Mortgage Insurance, to have�he Mor�gage Insurance terminated autona�ati�a��y, andlor to recei�e a refund af any IVlortgage Insurance pre�n�ums tha� ��vere unearned at�he t�mE.e�f such cancella�ion ar�ermination. 1�. Ass�gnment of Misce�lan�ous Proceeds; Forfeiture. All Misce�laneous Proceeds are hereby assigned�o and shall be paid to Lender. �f the Proper�� is damaged, such N��sce�lan�ous Pro�eeds sha�l be appli�d�a r�storat�on or repa�r of�he P��per�y, if�he res�orat�on or repair�s econom�cally feasibie and Lender's security �s no��essened. Dur�ng such repa�r and restoration period, Lender s�.all ha�e�h�right to hold such Miscellaneaus Proc�eds un�il Lender has had an opportuni�y t� inspect such Propert��o ensure the�vark has been completed�o Lend�r's N�gRASKA-Singte�amily-Fannie Ma�IFreddie Mac l3NIFQRM INSTRUMENT �arm 3D28�ID'# VMP Q VMPfi�NEy f 13�323 Watters Kluwer Financial 5er�ices Page 9 af'f 7