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� ��15�145� contznue�o�ay�� Lender the amoun�of�h�separa�e�y designa�ed pa�ments�ha�were due when�he insurance�o�rerage c�ased to�e in effect. Lender wi�� accep�, use and r�ta�n these payments as a nonWrefundab�e�oss r�serv�in l�eu af Mor�gage Insurance. Such loss reserve shali be nan-refundab�e, no�wi�hstanding the fac��ha�the L.oan is ult�ma�e��pa��. in fu�l, and Lender sha��not be required to pa� Borrov�rer a.ny in�erest or earn�ng�on such loss reserve. Lender can no long�r r�quire lass reser��payme��s if Mor�gage�nsuran�e coverage�in the am�unt and f�r the period�hat Lender requires}pra�ided b�an insurer selec�ed by Lend�r again becomes avai�able, i��taxned, and I�nd�r requir�s separately des�gna�ed paymen�s to�ard�he pr�miums for Mort�ag��nsurance. �f Lender required Mo�gage Insuran.c�as a condi�ion af m.aking�he Loan and B�rrawer was requ�re�i�o�m.a.k�s�parate��deszgnated payn�.en�s to�rard the premiums f�r N�or�gage Insurance, �orrower shal�pay�he prem�'tums required to maxntain Mor�gage �ns�rance in effect, or�o pro�id�a nonWrefundab�e��ss reserve, un��l L�nder's re�u�remen�for Mortgage �nsurance er�ds in accorda��e with any writ�en agr�ement between Borrower ar�d Lender prov�ding f�r�uch t�rn�i.na��or��r�n��term�nation�s required by Applicab�e Law. Nothing�n�his Sec�ion 1�aff�c�s Borro�ver's o�l�ga�ion�o pay interest at the rate pro��ded xn the Note. Mor�gag�Insurance re�mburses Lender�or any entity that purchases the I`�Io��} for cer�ain losses �t rr�a� �ncur �f Borrovv�r daes no�repa��he Laan as agreed. Borrower is not a�arty�c��e M�r�gage Insuran�e. Mor�gage�nsurers evaluate the�r��tal risk�n a11 such insurance�n for�e�xn�ime t��ime, and may en��r �n�o agr�ements with o�her parties�hat share or modif��h�ir r�sk, flr red��losses. These agreernen�s are�n f�rms and condi�ians that are sa�isfa�tory��he mor�gage�nsurer and the�ther party�vr par��es}�o the�e agreements. These agreemen�s may require�he mor�gage insurer�o make pa�rments using any svurce of funds tha�the mor�gage insurer may have a�a�lable�which may inc�ude funds ob�ained from Mar�gage InsuranGe premium��, As a resu��f�hese agreements, Lender, any purchaser of�he Note, anather insur�r, any re�n�ur�r, any o�her enti�y, or an�r aff�lia�e of any of�he f�regoing, may rece�ve�d�rec��y or ind�rectly} amoun�s that deri��from �or migh��characterized as}a part�on of B�rrower's pa.yments �or N�ortgag��nsurance, in exchange for sharing or modifying the mor��age�nsurer's risk, or redu��ng��sse�. �f su�h agreemen�pro�ides that an af��ia�e of L.�nder�akes a share of��e�nsurer's risk in exchange far a shar��f t�ie pr�miums paid��the insurer, the arrangement is often termed "capt�ve reinsurance." Fur�h�r: �a� Any such agreements wi��nat affect the arn.aunts that Borrower h�agreed to�ay far 1Vlortgage Insurance, �r any other terms of the Laan. Such agreements wil��t�ncrease the amount Borrower wili vwe far�Vlartgage Insurance, and they w��not entitie Borrower ta any refund, �b 3 Any such agreements will nat affect the righ��rrower�.as-�f any-wi�h respect to the N�nrf:g�g��r��-�n�e��n�Qr f�e Tinm enwn�r��rn�er�i�n A�t nf 1��r a�y Qther��w� 'T'��'�g�� may�nc�ude the r�ght to rece�ve cer�ain di5closures, to requ�st an�v�tair�cance��atxon of t�e �Vlor�gage Insurance, to ha�e the Mor�gage Insuranc�terminate��omatica�ly, andlor tc�rece�� a refund of�ny Mortgage Insurance premiums that were un.earne��t the t�m�af sucb cancei�at�on o�r termxnat�on. ��, Ass�gnm�n��isce��aneous Praceeds; Farf�iture. A�� Misc�llaneo�� Proce�ds are here�a�ass�gned�a and sha�l be pa�d to Lender. �f the Proper�y is damaged, such Mis�ellaneous Proceeds shall be applied to res�aratzon or r�pa�r of t�e Proper�y, if the restoration ar repair�s economica�� feasibl�and Lender's se��uri�y�s n�t lessened. D��r�ng suCh repa�r and res�orat�on per�od, L�nder shai�have th�r�gh�to hold such Miscel�aneflu�Proceeds until Len�ier has�ad an�pp�r�uni��r ta inspec�such Pr�p�r�y to ensure the�v�rk has be�n comp�eted to Lenc�er's NEgRASKA-Singte�amily-Fan�ie MaelFreddie Mac UNiF�RM INSTRUMENT �orm 3D28 1109 VMP Q VMP6�I�1'Ef('i 3�Zy Walters Kluwer Financial Ser�ices �'age 9 of 17