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��15�1154 continu�to pa�to Lender the amount of the separately des�gna�ed payments tha�were due when�he insurance co�erage ceased to he�n effe��. Lender wil� accept, us�and retain�hese pa�ments as a non-refundabie�oss reserve in��eu of Martgage Insurance. Such�oss reserve sha�i be non-refundable, no�wi�hstanding the fact�hat the Lnan�s u��ma�e�y paid in ful�, and Lender shall no�be required to pay Borrower any int�rest ar earnings on such Ioss reserve. Lender can no longer require�ass reser�re pa�rm�n�s �f M�r�gage Insurance coverage�in�he am.ount and for�he period tha�Lender r�quires}provided by an insurer s�iected�y Lender again becomes ava�lable, �s obtained, and Lender requires separately desig�.a�ed pa�rm�n�s toward�he premiums for Martgage Insurance. �f Lender required N�or�gage�nsurance as a �onditinn af mak�ng�he Loan and Borrower was required to make separa�el}�d�signa�e�payments tvward the premiums f�r Mortgag��nsurance, Borr�wer sha11 pay the prem.�ums required ta maintain Mar�gage Insurance in effect, �r to pra�ide a non-refundable�oss res�r�re, un�i� Lender's requirement far�or�gage �nsurance�nd� �n accordan�e v�ith any u�ri��en agreemen�t�etween Borrovver and Lender pra�v�ding far such ��rminatian or unt�l ternunat��n is required b� Appli�ab�e Law. Nflthing �n th�s Section 1�affe�ts Borrov�er's obl�ga�ion to pay in�eres�at the rat�pra��ded in�he No�e. Mor�gag�Insurance reimburses Lender�or an�r�n��y tha�purchases the Nate}f�r�er�ain Iasses it n�.ay incur if Borrov�rer daes not repa� �he Loan as agreed. Borrower is n��a party t�the M�r�gage�nsurance. Mar�gage insurers e�a�ua�e�heir�o�al risk on a�I such insurance in force from�ime�o�ime, and ma�enter in�o agreemen�s vvi�h other parties tha� shar�or modif�their risk, ar reduce��sses. These agreements ar�on �ern�.s and conditions�ha�are satisfac�or�ta�he mor�gage insurer and the��her par�y�or�arties3�o these agreements. Thes�agr�ements may require the mor�gage insurer to mak�payments using any s�ur�e of funds that the mor�gage insurer m.ay have a�ailable�which may include funds ob�ained from Mor�gage�nsurance pr�m�ums}. As a resu�t�f�hese agreemen�s, Lender, an�purchaser of the No�e, ano�her�nsurer, any r�insurer, any o�her ent��y, or any aff��ate of an�of the f�regoing, may rece�v�e�direct�y ar ind�rec�l�} amaun�s�hat deri�e from �or might be character�zed as} a p�r�ion af Borrov�er's payments for Mor�gage�nsuran�e, in exchange fvr sharing or mad�fy�ng the mor�gage insur�r's risk, or reducing l�sses. If such agreemen�pr�vides that an af�lia�e af Lender�ak�s a share of the insurer's r�sk�n exchang� far a share of the premiums paid�o the �nsurer, �he arrang�men��s of��n�ermed "cap�ive reinsurance." Fur�her: �a3 Any�uch agreexnen�s w��no� affect the amoun�s that B�rro�ver has agreed�o pay for Martgage Insurance, or any a�her terms af the Loan, Such agreements wiil no�increase�he amount Borrower wi�l owe for Mor�gage Insurance, and they will not en��tle Barrower ta any refund. �b} Any�uch agreemen�s w��i n�t affect�he r�gh�s Borro►�ver has-�if an�-�with res�t tv the Mortgage In�urance under�he Homeawners Pro�ect�an Act of 1998 o�r any oth�er�aw. These rights may include the righ�#o rece��e cer�ain disclosuresy �o r�quest and o�tain cancel�atian of the M�rtgage Insurance, ta ha�e the Mor�gage Insurance term��nated automatica��y, andlor to recei�e a refund of any�Vlortgage Insurance premium��hat were unearned at��e tirne of such canceiia��nn or terxn�nat�an. '1'i. Ass�gnment of Misce[laneaus P�oceeds; Farfeiture. All M�sc�I�aneous Proce�ds are hereb�assigned�o and sha�I be pa�d�a Lender. If the Prop�r�y is dama�ed, such N��scel�aneous Prace�ds sha�l be appl�ed to restora�ion or r�pair of the Proper�y, �f�he res�aration�r repair is econom�ica�ly feasib�e and L.�nder's security is not�essened. Dur�ng such repazr and restorat�on peri�d, Lender shall ha�e the rxght�o hald su�h Mis��laneous Proceeds until L,ender has had an appor�un�ty t� �nspe�t �uch Property�o ensure the v�ork has be�n�ompleted to Lender's N�BRASKA-5ingle�amily-Fanr�ie Mael�reddie Mac UNIFaRM INSTRUMENT Form 3028 1 J�'i VMP[� VMP6�NEy�'i 3D23 Walters Kluwer�inan�ial 5er�ices Pag�9 of'I7