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��15�1SS1 payments that w�r�due when the insuran�e ca�erage�ease�.to be in effect.Lender will a�cept,use and reta�n these pa�rnents as a non-refundable loss res�r�e in lieu of Mortgage Insurance. Such 1�ss reserve sha11 be non-refundable,notwithstanding the fact that the Loan is ult�mately paid in fu11,and Lend�r sha11 not be required to pay Borrovver an�intere st or earnings vn such lass res�r�e. Lender car�no longer require l�ss reserve payments if Mor�gage Insurance coverage (in the amaunt and far the period that Lender requires}pr�vided�y an�nsurer selected by Lend�r again be�omes a�ailable,is�btained,and Lender requires separate�y de s�gnated payments toward the premiums for Mortgage Insuran�e.If Lend�r required Mortgag�Insurance as a candition of making the Loan ar�d Bflrro�ver�vas required to make separately d�signated payments ta�vard the premiums for Mortgage Insuran�e,Borro�ver�hall pay the �remiums required to maintain Mortga�e Insurance in effect,or to provide a non-refundable I�ss reserve, until Lender's requirement for Mortgage Insuran�e ends in a��ordan�e with any written agreement betwe�n Borro�ver and Lender providin�for such terminativn or until t�rmination is required by AppliGable Law. Noth�ng in th�s Section 1�a�ects�orrov�er's obligati�n t�pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any�ntity that purchases the Note}for certain losses�t may incur if Eorra�er does n�t repay the Loan as agreed. Borrower is not a party tv th�Mortgage Insuran�e. Mort�age ixisurers evaluate their tota�risk on a11 such insuran��in force from time t�time,and may enter into agreements v�ith other p�.rties that share or m�dify their risk,or redu�e losses.These agreements ar� on terms an��onditions that are satisfactory to the martga�e insurer and t�ie other paxt�(or parties}to these�greements. These a�reements m�.y require the mortgage insurer to make payments using any sour�e of funds that the m�rt�age insur�r may have a�aiiab�e �whi�h rriay include fi�nd�obtained from Mortgage Insurance premiums}. �s a re�ult of these agreements,Len�er,ar�y purchaser ofthe Note,another insurer, ar�y reinsurer,any ather entity,or any af�'iliat�of any of the f�regoing,may receive(direct�y or i.ndirectly}amvunts that deri�e from(or mi�ht b��haracter�z�d as}a por�ion of Eorro�er's p�,yments for Mortgage Insurance,in exchange for sharing or madifying the mortgage insurer's risk,or reducir�g lasses. If su�h agreement pro�ide s that an a��iate of Lender takes a share nf the insurer's risk in e�change for a share of the premiums paid to the insurer,the arraxigement is o�en termed"captive reinsurance." Further: �A} A►ny such agre�ments will not affe�t the amaunts that Barrower has agreed to pay far Martgage In�urance, ar any other terms of the Laan. Such agreenlents will not in�rea�e the amount B�rra�ver will awe for Martgage Insurance, and they �i�� nat entitle Barrawer to an� refund. �B} An� such agreernents �vvill nat affect the rights Borrower has - if any - �vvith respect to the Mortgage In�uranc� under the Homeowner5 Pratection A�t af 1995 or any other lavv. These rights may include the right ta recei�e �ertain �lisc�asure�, tv requ��t and obtain cancellatian of the Mortgage InSurance, t� ha�e the Martgage Insurance terminated auto�natica�ly, andlor to rec�i�e a refund of any M�rtgag� Insurance premium5 that were unearn�d at the tim� of �uch canGeliati�n �r terminati�n. 'I'I.Assignment flf�liscellaneous Proceeds; ForF�iture.Al�Miscellaneous Proceeds are hereby assigned to and sha1�be paid ta Lender. HCF�-oo35a NEBRASKA-5ingle Family-Fannie IVIaefFreddie Mac UNIF�RfVI INSTRUMENT Form 302$1I0'i v�n� oa��a 1llfo�ter�Kluv►ner Financial Servioes 2015Q3184.1.�.2815-J2�141�28Y Rage 9 of 17 *279? 0*