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��15�15�3 cantinue to pay to Lender the amount of the separately des�gnated paymen�s that were due when the insurance c�v�rage c�ased to�e in�ffe�t. Lender will accept, use and retain these paymen�s as a non-refundable�oss reser�e in Iieu of Mor�ga�e Insurance. Su�h loss reserve shall b�non-refundabie, nfltw�ths�anding �he fact�ha��h�Loan is uitimate�y paid in full, and Lend�r sha11 not b�requir�d to pay Borrower any in�eres�or earnings on such loss reserve. Lender can no�anger requ�re 1�ss reserve payments if Mor�gage Insuranc�coverage��n the amount and for the period that Lender require��pro��d�d by an insurer se��cted by Lend�r again b�cames availa�l�, is o��ained, and I,end�r requires separa�ely des�gnated paymen�s toward the premiums for Mor�gage Insuran�e. If Lende�re�uired Mor�gage Insurance as a condi��on of mak�ng�he L.flan and Barrower was required to ma.ke separate�y designated pa�men�s t�v�ard the prem�ums for Mor�gage�nsurance, Borr�wer sh�11 pay the premiums require�d�o maintain Nlortgage Insurance in effect, ar to provide a n�n-refundable��ss r�s��-ve, unt�� Lender's r�qu�rement f�r Mor��age �nsurance�nds in acc�rdance wi�h an�wri��en agreement be�vveen Borrower and L,ender prov�ding for such �erm�inat�on or unti� term�na�ion�s required by Applicable Law. Nathing �n this Sect�on 1�affe��s Borr�v�er's o�liga�i�n to pa� �n�eres�at the ra��pro�ided in the Note. Mor�gage�nsuranc�r�imburses Lender�or a�ny enti�y�hat purchases the No�e} for certain�oss�s it may�ncur �f Borrou�er does no�repa��h�Loan as agr�ed. Borrav�er is not a par�y ta the Mor�gage Insurance, Mor�gage insurers e�a�ua�e the�r fn�al r�sk on a11 such�nsurance�n force from t�me to�ime, and may enter in�o agreemen�s wi�h other par��es tha�share�r nnodify their risk, or reduc��osse�. These agre�ments are on terms and cond��ions that are satisfactary ta�he mor�gage�nsurer and the other par�� ar par��es�to�hese agreemen�s. These agreements may requ�re the mor�gage insurer ta make pa�ments using any sour�e of funds that the mor�gage insurer m.a�ha�e avai�ab�e �vvh�ch ma� �n��ude funds o�btain�d from Mortgage �nsurance pr�miums}. As a resu�t of these agreements, Lender, an�pur�haser of th�Not�, anoth�r insurer, any re�nsurer, any o�her entity, or any aff�lia�e of any of the for�go�ng, may r��eive�dir�c��y or indir�c�ly} amounts tha�deri�e fram �ar rnigh�be charac�erized as} a port�on of Borrov�rer's pa�n��n�s for N�or�gag� �nsuranc�, xn exchange for sharing ar mfld��fy�ng��e rnortgage�nsurer's risk, or reduc�ng�asse�. �f su�h agreemen�pro�r�des�hat a�. aff��a�e of Lender�akes a share of the insurer's risk in exchange for a share of the premiu�s paid to the �nsurer, the arrangement �s��en termed "capti�e reinsuran�e." Fur�her: {a3 Any such agrecments will na�affec# the a�rnounts�hat Borrower has agreed to pay far Mortgage Insurance, or any o�her�erms af�he Loan. Such agreements w�il nat increa�e the amount Borrower wil�owe far Mor�gage Insurance, and they will nvt en�itie Barrvwer�o any refund. 4 E�} Any such agreement�wi�I nv�affec�the r�ghts Sorro�ver has-�f any -w��h re��c��o the Mortgage Insurance under�he I-�omeowners Frote�t�an Act af 1998 ar any other�aw. These r�gh�s may inciude the right�o reCei�e certain disc�osures, to re�ues�and obtain cancelia�ian af the Niortgage Insurance, �o have the Mar�gage Insurance termina�ed automa�ica��y, andlor to receive a refund of any Mor�gage Insurance prem�ums that were unearned a�thQ time of such cance�Ia�ion nr term�nation. 'I'i. Assigr�ment of tll��scelfaneous Pr�ceeds: Forfe�ture. AlI Misc�ilaneous Proceeds are here�y ass�gned�o and sha11 be paid to L�nder. �f the Proper�y is damaged, such Miscel�aneous Praceeds shall��appl��d�a restora�ion or repair af tt�e Property, if the restoration or repair�s eC�namicall� feasi��e and Lender's securit� is n�t lessened. During such repair and res�ora�ion period, L.ender sha��have th�ri�ht ta ho�d such M�scellaneous Proceeds unt�� L,�nder has had an�pp�rtunity t� inspe��such Property to ensure t�e work has been�omp�e�ed�o Lender's N�BRASKA-Single Fami(y-Fannie MaelFreddie Mac L1NI�QRM INSTRUMENT �orm 3D28 1lO1 VMP[� VMP6[NE�t13�2� Wviters Kluwer�inanciaf 5er�ic�s Page 9 af 17'