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��15�15�� c�n�inue�o pay�o Lender�he a�naunt of the separa�e�� des�gna�ed pa��ments�hat were due w�en�he insurance co�rerage��ased�a b� in effeGt. Lender�� a�c�p�, us�and retain�hese pa�men�s as a n�n-refundabl��oss reser�re in��eu of N�ortgag� �nsura�ace. Such�oss r�ser�e sha�l be non-r�fundable, natwithstanding�he fac��hat the Laan is ult�matel�pa�d �n fu�l, and L.�nder shall no�be required to pay Borrower any in�erest or earn�ngs�n such loss �reser��. L.�nder can no �onger require Ioss reserve pa�men�s if Mortgage�nsura�ace cov�rage�in the amount and for th�p�riod that I.ender r�quires�provided b� an �nsur�r seiected by L�nder again�ecomes available, is ob�ained, and Lender requires separa�el�r designa�ed paymen�s�award the premiums for Mor�gage Insurance. If Lender required Mor�gag� �nsurance as a condition of making the I.�an and B�rrower�vva� r�quired ta make separately designated payments��ward�he premiums far N�or�ga�e�nsurance, B�rrower sha��pay the premrums requ�red�o mainta�n Mor�gage Insurance in effect, �r�o pro��de a non--refundable Ioss reser�e, un��l L.ender's requiremen�for Mor�gage �nsurance ends in accordance w�th an�wri��en agreement betwe�n Borrouler and Lender pro�r�ding for such �erm.ination or until termination�s requ�red�y Applicable Law. Nothing in�h�s Section 1�affe��s Borrawer's obliga�ion��pay interes�a�the rate provided �n�he Note. Mor�ga�e �nsurance reimburses I.,ender�or any enti�y that purchases�he No�e} for certain lasses it r�a� incur if Borrflwer does not repay the Loan as agreed. Borrawer is no�a party�o�he MQrtgage�nsurance. Mar�gage insurers e�aluate�heir to�al risk an all such insurance in for�e from�ime�o time, and rn�a�r�n�er in�o agreements with o�her par��es that share or modif�their risk, or re�iuce loss�s. These agreemen�s are on �erms and cond��ions that are satisfa�tor��o the mor�gage insurer and th�other par�� r pa�.ies} �o these agre�ments. These agre�ments ma� requ�re�he mor�gage insurer�o m�ake payments using any sour�e�f funds tha��he mortgage insurer may have available�v�hich may inciud�funds obtained from.Mortgage�nsurance premiums}. As a resul�of these agreemen�s, Lender, any pur�haser of�he N�te, anoth�r insurer, any rei�surer, any o�her entity, or any a�fi�iate of any of the foregoing, �ma�re�eive��rectl�or�ndirectiy} amoun�s�hat der�ve fr�m (�r migh��e character�zed as} a por�i�n of Borrower's payments f�r N�or�gage�nsurance, in ex�hange for sharxng or rnadify�ng the mor�gage insurer's risk, or reducing losses. �f such agreem�nt pro��des�hat an af��iate of Lender�akes a share�f�he insurer's r�sk�n exchange for a share of�he prem.iums paid to the insurer, the arrangement is often termed "captive reinsurance." Fur�her: �a} Any�uch agr��ments w��i no�affect the an�ounts�hat�arrower has agreed to pay f�r Mortgage In�urance, or any o�her terms of the Laan. Such agreem�Qnts w��i no��ncr�ase�he amoun� Borrawer wi��owe for Mortgage Insurance, and they wi�l not ent�t�e Sorrower�o any refund. �b} Any such agreements wil�no�affect�he righ�s Barrawer has-if any�-w��h respect tv the �Vlnr�gage Insurance und�r the I3omeowners Protecti�n Act of 1998 or any other�avv. 'These r�g�i�s may�nc�ude#he r�gh�to recei�e cer�a�n d��closures, �o reques�and abtiain cance�la�ion of the Nlartgage Insurance, tv have�he IVlortgage Insuran�e ternz�nated automatically, andlor to receive a refund of any Nlartgage Insurance premiums�hat were unearned at the t�n�e af 5uch cance��ation vr termina�ion. '['i. Assignment of M�sce��ane�us Pr�ceeds; For�fe�ture. All Misce��aneous Pracee�s are hereb� assigned ta ar�.d sha��he paid�o L�nder. �f the Proper�y is damaged, such M isce��aneous Proce�ds shall be appl ied�o res�aration or r�pair�f the Property, �f�he res�oration or repa�r�s econam�cally feasib�e and Lender's security is nat Iessened. During such repa�r and restora�ion per�od, Lender shall ha�e the righ�to hn�d such Miscei�aneaus Prac��ds unt�l L�nder has had an oppar�uni�y�o inspect such Proper��to ensure the v�ork has been comp�eted�o Lender's N�6RASKA-Single Family-Fanr�ie Mael�reddie Mac UNI��RM tNSTRLJM�NT Farm 3�28�1�1 VMP[� VMPCtNE��30�y Wolters Kluwer�inanciat 5er�ices Page 9 of 17