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��15�1499 con�inue��pay�a L�ender th�amount of the separa�ely designa�ed payments�ha�v�rere due when the insurance co�erage ceased�o�e in�ffec�. Lender vvill accept, use and reta�n�hese paymen�s as a non-refundab�e Ioss reser�e in�ieu af Mort�age�nsurance. Such�oss reser�e shali be nonW�efundable, notwithstanding the fact that the Loan�s u�t�ma�e�y paid in full, and Lende�-shal� no�be required�a pay Borrovver an� �nteres�or�arnings an such loss reserve. Lender can no longer requ�re�oss reserv�payments if Mor�gage Insurance Gov�rage �in�he amaun�and for the period that Len�.er requ�res}provided by an insurer selected by Lender again b�cames a�ailable, is o��a�ned, and Ilender requ�res separa�ely designated paymen�s toward fh�premiums for Mortgage �nsurance. If I.ender requ�re�.Mnr�gag��nsurance as a condition of making�he L.oan and Borrower was required ta make separa�e�y des�gnated paym�n�s�award the premiums for Mor�gage Insurance, B�rrower shall pay the prem�urns requir�d�o mainta�n Mar�gage Insurance�n�ffec�, or ta provide a non-refundabie�oss rese�-�ve, unt�1 I�ender'� requirement for Mflr�gage �nsurance ends in accordance w�th an}�v�r�t�en agreemen�betw�n Barra�v�rer and L.ender prov�ding for such ��rm�nat�on ar un�i� term�nat�on�s requ�red b�r Appl�cabie Law, No�hing in�h�s Sect�an 1D affects Borrower's obliga�ion to pay �nterest a�the rate prov�ded in the Note. Mortgage�nsurance re�m.burses Lender��r any en�i�y�hat purchases�he N'ote} for�ertain Iosses i�may�ncur if Borrower does no�r�pay the Loan as agreed. Borrawer is not a par��r to fhe Mor�gage�nsurar�ce. Mor�gage insur�rs e�aluate their tota� risk on a�l such insurance in force from�ime�o�ime, and ma�enter in�o agreements with��h�r par�ies�hat share�r modif� �hezr r�sk, or reduce losses. These agr�enzen�s are�n �ern�.s and conditians that are satisfa��ory to the mor�gage in�urer and the ather par��or parties}to�.h��e agre�men�s. These agreements ma�r require the mor�gage insurer��make paymen�s using any source of funds that�he m�rtgage�nsurer ma�ha�e avai�able�which may �nciude funds�btai�ed from N�ortgage�nsurance premiums}. As a resu�t of these agreements, Lender, ar�y purchaser of the Nate, another�nsurer, any reinsurer, ar�y ather enti�y, or an�aff�l�a�e�f any of the foregoing, may rece��dire�tly or ind�rect�y� amounts�ha�der�ve from �or might be characterized as} a p�rtion of Borrower's pa�rmen�s for Mortgage Insurance, in ex�hange for sharing or mod�fying�he mortgage�nsurer's risk, or reducing�os�es. �f such agreernen�pro�id�s tha�an affi�iate af L,�nder�a.��s a share�f�he insurer's risk�n exchange for a share of the premiums pa�d to�he znsurer, the arrangement is of�en�ermed "�ap��v�reinsurance." Fur�her: �a3 Any such agreemen#s will nat affect the amou��s that B�rrower has agreed to pay for Mar�gage Insurance, or any o�her�erms of the Laan. Such agreements w��not increase the amount Borrower wi�� awe f�r�Vlortgage Insurance, and�hey wili no�ent�t�e Sarrower to any refund. �b} Any such agreements will no�affec�the rights Sorrower has-if any -w�th respect tv the N�ar�gage Insurance under the IIomeawners Pro�ection Ac�of 1998 or any oth�r�aw. These rights xnay include�he r�ght tn recei�e cer�ain disC�osures, to request and obtain�ncellation�f the �Vlortgage Insurance, �o have the Niortgage Insurance terminated automa��cai�y, andlor ta rece�ve a reFund of any Mor�gage Insurance prem�ums that v+�ere unearned at the�ime of such �an�eilat�on or term�na��an. 'I�. Assignment af Miscellaneous Proceeds; Fa�fe�tur�. All Mis��Ilane�us Praceeds are hereby assigned to and sha��be paid to Lender. �f the Froperty is damaged, such M�scellaneous Proceeds sha��be app��ed to res��ration ar r�pair of�he Pr�perty, �f the rest�ratian or repair is e�onomical�y feasible and Lender's s�curi�.y �s no��esse�aed. Durin� such repa�r and restoratian period, Lender shall ha�e the r�gh��o hald such Miscellaneous �'ra�eeds un�il Lender has had an app�r�un��y to inspe�t such Property�o ensure the work has been comp�eted��Lender's NEBRASKA-SingIe�amiiy-Fannie MaelFreddie Mac 11Ni�DRM INSTR�M�NT �arm 3D2H 114� VMP Q VMP6�N�f t1342� Woiters Kluwer Financiat 5er�ices Page 9 af 17