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��15�199� cantinue t�pay to Lender the amount of�he separatel}r designated payments that were due u�hen the insurance covera�e ceas�d to be in effect. Lender wi11 accept, use and reta.in these payments as a non-refundable loss rese�e in iieu�f Mort�a�e Insurance. Su�h loss reserve shail be n�n-refurvda�le, notwithstanding the fac�that the Loan is ultimatel�paid in full, and Lender sha.11 not be required ta pay Barrower anv interest or�arnings vn such loss reserve. Lender can no longer require lass reserve pay men�s if Mortgage�nsurance cv�erage�in the amaunt an�d for the period that Lend�r requires}provided by an insurer�elected by Leryder a�ain hecomes ava.ilable, is obta1ned, and Lender requires separ~ately designated p�3rn�en�s toward ihe preiYuums For Mocl�age Ii�s��rance- If Le�lder requXred Mortga�,e Insuraxice as a ca�idi tio�1❑f inaki rzg ihe Laa n�nd Borrovve r was required ta��take separ�iel W designaied p�y�ne rris to�•�rd ih� premi�i�ns for Mortgage Tnsurance, Borrawer shall p�y tl�e pretniu�ris�-equired�� na�ntain Mortg�ge Insurance in effect, or to provide a non-refun�lable loss reserve, until Lender's requirement for Mortgage Insurance en+ds in accordan�e with any written agreement�etv�reen Barra��er and Lender pro�iding for such termination or until termination is required by App�icable Law. Noth�ng�n th�s Sec�i4n 1�affects Borrowcr's obligation�o pa�intcrest at thc rate providcd in thc N�tc. Mort a e Insurance reimburses Lender�or any entity that pur�h�.ses th�1�1at�}for cert�.in losses it may incur � � if Barrawer does not repay�he Loa��as agreed. Borror��er is Y�ot a party to t��e Mort�a�e IY�surance. Mortgage insurers evaluate their total risk on ali such insurance in force from time to time, and may enter into a�reements with other parties�ha�share or modify the�r r�sk. �r reduce l�sses. These a�reements are on terms and�onditions that are satisfa�toYy to the m�rtgage insurer and the other party(or parties�to these a reements. These agreements may require�he mor�gage insurer to ma.ke payments using any source�f funds � that the mor�gage insurer m�y ha�e a��ailable(�vhich may include funds abta.ined fr�m Mvrtgage Insurance pr�miums}. As a result�f these agreements, Lender, any purchaser of the N�te, another insurer, an�� reinsurer, any 4ther enti �, ar an��affiliate of any of the foregoing, ma�r re�ei�e�directly or�ndirectly}am�unts that�eriti°e from � or mi h��e characterized as}a portivn af Bflrrower's pay ments for M4rtga�e Insurance, in ex�hange for � � sharin or modifyin�the mort�age insurer's risl�, flr reducing lasses. If such a�re�ment pr�vides that an � a f f i l i a t e o f L e n d e r t a l�e s a share of the insurer's risk in exc h�nge fvr a s h a.re o f t he p re m i u m s p a i d t a t h� insurer, the arrangement is often termed"captive reinsurar�e."Further: �a� Any such agrcements will not aff'cct the amaunt�that Barrov�Yer has agrccd to pay�or Mortgage lnsurance, or any other terms of the Loan. Such a�reements will not increase the amount Borrower will4we for Mort�a�e Insuran�e, and the��wi11 not entitle Borro�ver to any refund. �b� Any�uch agreement�will not affect the righ�5 Borrower has-if any-w�th respect tt�the Mort age Insurance unde�'the Hnmeowners Pmtect�on Act of 1998 ar any other law. These right5 g may inelude the right ta receive certain discla�ures, to request and obtain cancellatian of the Mor� a e Insurance, to ha�e the M�rtgage Insurance terminated automati�a�ly, andlor to receive g � a refund of any Mortgage Insurance p�emiums that v�ere unearne� at the time of su�h canccllation or�ermination. 11, Assi nment vf M�scel�anevus Proceeds; Forfeiture. All Miscelta�ieot�s Prviceeds are llereby �ssig��ed tv 9 a�3d sha�i be p�id to Lender. If the Fro e �is dama�ed, such Misceilaneous Proceeds shall be applied to restoration or repair of the P � Pro e �. if the restoration or repair is econ4mically feasiUle and Lender's security is not lessened. During P �3. su�h re air and restorat�on perifld, Lender shall have the right�o hold su�h Miscellaneous Proceeds until � Lend�r has ha.d an opportunity t4 inspect�uch Property to ensure the wark has been cornpleted ta Lender's z�aa��ass D V6N� Form 3428 1141 N�BRASKR-Single Fam�ly-Fan�i�M aelFreddie M a�LNlFORM 1N5TRtJM BJT ��p��p7� ��p� Page 9 of 17 Woiters Kluwer Frnanciai Ser►rices