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��15��154 cantinue�o pay to Lender the amount of#he separa.tely des�gnated payments that were due�vhen the insurance covera.ge ceased ta�e in effect. Lender will accept, use and re#�ain these payments as a non-refundab�e loss reserve in l�eu�f M�rtgage Insurance. Such loss rese�v�sha.11 be non-refunda�Ie, notwithstanding the fac�tha.t the L�an is ultim�ately paid in full, and Lender sha.�l not�be required t�pay BUrr4w�r any intereSt ar eart7in�5�n Su�h 1�55 r�5erVe. Lender can n�longer rec�uire loss reser�e payments if Mvrtgage Insurance c�vera.g�{in the amoun#and f�r the period#hat Lender requires}pro�ided by an insurer se�ected by Len,der again�ec�mes a�ailahl�, is abtained, an�Lender requires separatel�designated paymen�s to�vard the prem�ums f�r Mar�gage Insurance. �f Lender requ�r�ed Mortgage�nsura.n�e as a conditiQn of making the Loan and Borrower was required to make separately designared paymentS toward the premiums far Mortgage Insurance, B�rrower sha11 pay the premiums required to m,ain�ain Mortga.ge In�ivance in effe�t, �r ta pr4v��e a x�on-refiir�da�l�loss rese�e, un�il Lender's req�xiremen��ar M�rtgage Insurance ends in acc�rdan�e with any written agreement he�ween Borro�ver and Le�ader pra�iding for su�h termination or unnl termination is required hy Applicable Law. Nothing in this Secti�n ��affect� B�rrovver'�obligati�n ta pay intere�t at the rate pr�vide�in the Note. 1Vlvrtgag�InSuraxxc�reirnburses L�nder�or any entity tha�purchases t�e�ote}for��rtain losses it may incur if Borro�ver does no�repay�he Loan as agreed. B�rrower is not a party to the Mortgage Insuran�e. Mo�tgag�insurers evaluate their to�a.�risk on a�1 such insurance in force from tim�e to time, and ma.y en�er int�agreemen�s vvith o�h�r parties that sha.r+e�r mvdify their risk, ❑r reC�uCe 1D55�5. These agreemen�s are an terms an�conditions�ha.t are sati�facto�to the mor�gage insurer and�he other par�y�or parties}to these agreemerrts. These agreement�s may re�uire the mortgage insurer to m�.ke payments using any source of funds that the m�rtgage insurer may ha�ve available��vhich may include funds obtained from Mortgage Insurance premiun�}. As�.result�f these agreements, Lender, an�purchaser af the Note, another insurer, any reinsurer, any other en��y, ar any affiliate of any of the fareg�i.ng, may receive�direc�ly or indirectly}arr�unts tha.t derive from ��r mi�ht be characterized a�}a portion of Barr�wer's payment�far Mortgage Insurance, in exchange for sharing vr modifying the mortgage insurer's risk, or r�ducing l�sses. If such agreement pro�ides tha�an aff'�liate of Lender takes a sha.re of the in�urer's ri s�k in exchange for a sY�a.re af the premiu.ms paid to the insurer, the arrangement is often termed"capt��e reinsurance."Further: �a} Any such agreements will not affect the amounts that Borrower has agreed to pay f ar Mortgage Insuran�e, ar any other terms af the Laan. Such agreements will not increase the amount Bar�ower wil�owe for Mortgage Insurance, and they will n�t eutitle Borx�ovYer to any refund. ��] Any such agreements wi��not affect the rights Borro�ver has-if any-with respect to the Mortgage Insurance under the Homeowners Protection A�t af 1998 or any other law. These rig�ts may inc�ude the r�ght to recei��certain dis�losures, to request and obtain�ancellation vf the Mortgage Insurance, ta ha�e th�Mortga�e Insurance terminated autamat��ally, andlor to re�eive a refund of any Mortgage Insurance premiums th�t were unearned at the time of such �an�ellat�on or termin�tian. ��. Assignment of M i��ellaneaus Pr�ceeds; FvrFeitu�e. All Mis�el�aneaus Pro��eds are h�ereby assigned ta and shall�e paid to Lender. If the Property is damaged, such Miscellane�u�Pr�ceeds shall be applied to res�orati+�n�r repair of the Proper�y, if the rest�rati�n or repair is econvmically feasi�le and Lender's security is n�t les5ened. During su�h repair and restoration��ad, Len�er s'h�l��e the righ�to h�Ic�su�Y�N�isce�lane�us Proceeds until Lender has ha.d an apportunity t�ir�spect such Property to�n.sure the work has been�4mp�eted to Lender's 234�3B1487 ❑VENE N EBRASKA•5ingle Family-Fannie M ael�reddie Mac 11N#�dR�l INSTRl1M ENT Foim 342�1!D 1 VMP� VMPB�N�[#3�2� Wn�ters Itluwer�inan�ial 5ervices Page 9 of 1