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��15�174� cont�nue to pay to Lender�he amount of the s�parately des��nat�d pa�ments that were due►when�he insurance co�erage ceased to be in eff��t. Lender will accept, use an.d reta�n these payments as a non-refundabie loss res�r�re in�ieu af Mortgage�nsurance. Such �oss reser�e sha�l be n�n�refundab�e, notv��hs�anding the fact tha�the Laan is ultimately paid in fu��, and Lender sha1�not b�requir��to pay Borrower an� interest or earnings on su�h�oss reserve. Lender can no langer requ�re loss reserv�pa�ments if Mor�gage Insuran�e coverage�in the am�un�and for the period �ha� Lender requ�res}pro��ded by an �nsurer selected by L.�nder again bec�mes a�aiia��e, is o��ained, and L�nder requires separa�ely des�gna�ed paym�n�s�oward the premiums far Mortgage Insurance. �f Lender r�quired Mor�gage InsuranGe as a cond�t��n af making�he L,�an and Borrow�r�vas requ�red to make separat�ly designate�pa�ments tovvard�he premiums for Mortgage Insurance, Barrawer sha�l pay �he prem�ums required to ma�ntain Mor�gage �nsurance in�ffec�, or�o prov�de a non-refunda�b�e loss reser�e, unti� I..�n.der's requiremen�for Mor�ga�e �nsurance ends in accordance vvi�h any writ�en agreemen�betv�reen Borrou�er and Lender pro�iding for such term�na��on or unt�l �erminat�on is requ�red by Appl�cable Lav�. No�h�ng �n�h�s Section �D affe�ts Bnrrower's obl�gatian�o pay �n�erest at the ra�e prav�d�d in�he No�e. N��rtgage�nsurance reimburses Lend�r�or any entit�tha��urchases the Nate} for cer�ain��sses i�may �ncur �f Borrov�er da�s not repay�h�L�an as agreed. Borrow�r is nat a part�r tfl th�Mar�gage�nsurance. Mortgage insurers e�a�uate their to�a� rxsk on all su�h insurance�n force from�ime�o�ime, and may en�er �n�a agreements v��h o�her parties�ha�share�r mod�f�r their risk, or r�duce Iasse�. These agreements are on tern�.s and�ond��ions �hat are sat�sfactory�o the mor�gage insurer and�he other party tar par�ies} ��these agreements. Thes�agreements rnay require the mor�gage insurer�o make payments using an� source of fur�ds tha�the mortgage insurer may ha�e avai�ab�e�wh�ch may in�lud�funds obta�n�d from N�ortgage �nsurance premiums}. As a r�sui�of the�e agr�em�nts, Lender, any pur�haser of the N��e, another�nsurer, any reinsurer, any�th�r �ntit�, or any affiliate of any�f�he foreg��ng, may r�c��e�dire��y or ind�rect�y} amounts�ha��er�v�from �or migh�be charac�er��ed as} a por��on of Borr�wer's paymen�s for Mar�gag� �nsurance, �n ex�hange for sharing ar m�dify�ng the mortgage insur�r'�r�sk, or r�duc�ng lflsses. �f such agreemen�pro�ides�ha�.an affz�ia�e of Lender takes a share of the insurer`s risk�n e�.change for a share af the premiums paid to the insurer, the arrangemen��s�f�en t�rmed 'icapti�e re�nsuranc�." Furt�a�r: �a� Any such agreem�nts w��I no�affect the amoun�s that Borr�vver has agreed to pay for N�or�gage Insurance, or any other terrn�of the Loan. Such agreemen�s�vill not increa5e the amount Borro�ver wi�l owe for Mor�gage Insurance, and they w��l no�en��t�e Borrower�o ar�y refund. �h} Any such agreements w�li not afFect the rights�orrower has-if any�with re�pec��o�he �Vlortgage Insurance under the�3omeowners Pro�e�tion Ac�of 1�98 ar any other law. T�es�r�ghts may include the right to rec�ive certain d�sclosuresy �o request and obtain cancellatior�af the Nlor�gage Insurance, �o have�he Mor�gag�Insurance terminated automat�cally, andlor ta r�c��v� a refund of any Nlortgage Insurance prem�ums tha� were unearn�d at the t�me of such canceliation or term�nation. 'i'i. Assignment of �iscellan�vus Prviceeds: Forfeiture. Ail Miscellaneous P�roceeds are hereby assigned t� and sha�l be paid to Lender. �f�he Pr�per�y is damaged, su�h M�s�eliane�us Prace�ds sha��be app�ied�o restora�ion or repair of�h� Proper�y, �f the res�aration or repa�r�s economica��y feasible and Lender's se�urit� �s not�essened. Dur�ng such repair and res�orat�on period, Lender shal�ha�e the right�o hoid such Miscel�aneous Proceeds unt�l Lender has had an oppor�unity to inspec�such Praperty to�nsure the v�flrk has�een�omple�ed to Lender's NEgRASKA-Singie�amily-Fannie Ma�IFreddie Mac UNIFORM lNSTRUMENT Farm 3a28 i 101 VMP Q VMP��NE�[13D2� Wolt�rs#Cluw�r F€r�ancia!5er�ices Page 9 of�7