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��15�1574 cont�nue to pay to L�nder the amoun�of the separa�ely cies�gnated paymen�s tha�were due wh�n the �nsurance caverage�eased to be�n effect. L,�nd�r will accep�, use and re�ain these payments as a non-refundabl�loss reserv�in��eu of Mar�gage�nsurance. Such�oss reser�e sha�l be non--refundab�e, notvv�thstanding�h�fac��ha��he Laan is u�t�ma�e�y paid in fu��, and Lender shal�n��be r�qu�red�a pay Barrower any �n�er�st or�arn�ngs on such�ass reserve. L�nder can no �onger re�u�re��ss reserve paym�nts xf M�r�gage�nsurance covera�e��n the amount and f�r�he period�ha�Lender r�qu�res}pra��ded b�an �nsurer se�ected�y Lender agaxn becomes avai�able, is o�b�a�ned, and Lender requ�res separate�y designa��d payments�ovvard�he premiums for Mor�gag��nsurance. �f Lender requir�d Mortgage�nsurance as a cond��ifln of mak�ng�he Laan and B�rrower was r�quired�o mal�e separa�e�y designa�ed paymen�s�oward the premiums for Mar�gage�nsurance, gorrovver�hall pa�the�remiums re�uired ta maintain Mor�gag� �nsurance�n effect, or�o pro�ide a no�.--refundable loss reser��, unt�l Lender's requ�remen�for Mor�gage Insura.n�e ends in a�cordance wi��any wr��en agreement be�ween Borrov�er and Lender prov�ding for such �ermi.na��on�r unt��erminat��n�s required by App��ca��e Lavv. Nflth�ng �n this Sectinn �0 affe��s Borr�wer's ob�igat�on�o pay in�eres�a��he ra�e pr��r�ded in the No�e. Mortgage�nsurance reimburses Lender��r any enti��ha�.purchases�he No�e} for Ger�ain Iasses i�may in�ur if Borrower daes n�t repay th�Laan as agreed. Borrower is not a par�y��he Mar�gage�nsurance. Mar�ga��nsurers e�a�ua�e�heir�o�al risk an a�� such insurance in force fram t�me�o�ime, and may en�er xn�o agre�ments v�r��h o�her part�es that share ar mod�fy�he�r r�sk, �r r�du��oss�s. These agre�n�.en�s are on term� and cond�tions tha�ar�satisfac�or�r to the mor�gage �nsurer and the a��r part�tor par�ies}t�t�ese agreemen�s. These agreeme�.�s may require the mortgage insurer�o make payments us�ng any source of funds �hat the mar�gage insurer ma�have ava�lab��wh�ch may include funds ob�a�ned from Mor�gage�nsurance prerniums�. As a resu�t of�hes�agreen�.ents, Lender, any pur�haser�f�he Nate, another insurer, any reinsurer, any a�her en�ity, or any af��iate of any of�he f�regaing, ma�rece��e�d�rectly or indirectly} amounts�hat derive from �or m�ght be charac�erized as} a portion of Borrov�er's payments for Mor�gage�nsuran�e, �n exchange for �haring or m�dify�ng the mor��age insUrer'�ri�k, or reducing �osses. �f such agre�n�en�pro�ides that an af��a�e af Lender�akes a share of the insur�r's risk in e�change for a share of the premiums paid to the �nsurer, the arrang�men�is aft�n�ermed "cap�ive re�nsurarxce." Fur�her: {a� Any such agreements►w��l not affect the amounts that Borrower has agreed�o pay for Mar�gage I��s��=��+��, ��i a��y +a�.��_�.��i��s�f�.1��L�aa��. Sucli agtp�en�en��wi�I n.a�i�crea�e th��►maunt Borrower will owe for Mortgage Insurance, and they wiii not ent�t�e Borrower to any refund. �b} Any su�h agre�ments wi�l not affect the r�gh�s Borrower has-if any -wx�h re�pect ta the Mor�gage Insurance under the Homeawners Pro�ection Act of 1998 or any ather law. These righ�s may�nc�ude the r�g�.t to rece��e cer�ain disc�osures, ta request and obtain cancellat�on af the Nlartgage Insurance, to ha�e the Martgage Insurance terminated automa�ica��ys andlor to rece�v� a refund of any Mortgage Insurance premiums tha�were unearned at the time of such cance��ation�r term�na�ion. '1�. Assignment vf Miscel�an�ous Proc�eds; Forfeiture. AIl Misce��aneous Proceeds are hereb�r assigned to and sha�� b�paid to I.fender, If the Prnp�rty i�damaged, such M�sce�lar�e�us Proceeds sha��be app�ied�o res�ora�ion ar repa�r of the Property, if the restora��an or repair is e��n�mica��r feasibi�and Lender's security �s not less�n�d. During such repair and r�s�oratzon�er�od, L.�nder sha��ha�e the right��ho�d such Miscellaneous Pro�eeds un��l Lender has had an opportuni�y to �nspec�such Praper�y�o ensure the wor�has�een evmpleted to L�nder's NEBRASKA-5ingle�amily-Fannie Mael�reddie Mac UNIF�RM INSTRUMENT Fvrm 3D�8�ID1 VMP fl VMP6tN�y('i 3�2y W�lters Kluwer Financial 5er�ices Page 9 0�7 7