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��15��55 cont�nue ta pay to Lender�he arnoun�of the separatel�desigzaated paym�nts�hat wer�due when the insurance co�erage ceased tfl he in ef#�ect. �...ender v�ill accept, use and r�ta�n these pa�ments as a nonWrefundab�e�oss reserve in lieu of Mortgage �nsurance. Such �oss r�s�r�e shai�be nan�refundable, not�i�hs�anding the fa�t that�he Loan i�u��na�e�y paid in full, and Lender sha�i n�t be required�o pa� Borrov�er an� interest or earnings on such Iass reserve. Lender�an no longer require l�ss reser�e payments if Mortgage Insurance cfl�r�rage �in the amount and far th�period�ha�Lender requires} pro�ided by an insurer se�ect�d by I..�nder a�ain becomes a�a�lable, is obtained, and Lend�r requires separa�el�designa�ed payments taward�he premiums for Mor�gage Insurance. �f I..�nder required Mar�gage Insuran�e as a cond��ion of making the L.aan and Borrovver was required to mak�separa�ely designated paymen�s tav�ard�he premiums for Mortgage�nsurance, Borrower shall pay �he premiums require�.�o�ainta�n N�or�gage Insurance in effect, or�a prov�de a nonTrefundable loss rese�-�re, unt�l Lender's re�uirement far IV�ortgage �nsurance ends �n accardance�ith any �nrrit�en agree�nerit be�ween Borrov�er and Lender pr��iding for such termina�ion ar until term�nat�on�s required b� Appl�cab�e Law. Nothing in this Sec�ion 14 affe��s Borrov�er's ob�igati�n to pay interes�at the ra�e provided �n�he Note. M�rtgage�nsurance reimburses Lender�or any en��ty�hat pur�hases the N��e} for certa�n�asses i�may �ncur �f Borrow�r does not repay�he Loan as agreed. Borrower is no�a par�y to the Mor�gage �nsuran�e. Mortgage�nsurers��a�ua�e�heir tatal risk an ali such insuranc�in force fro�n time to tim�, and ma�en�er into agreemen�s wi�h o�her parties that shar��r modify their r��k, or reduce losses. These agre�men�s are on terms and condi�ions tha�ar�sa�xsfactory�o the mor�gage insurer and�he other par�y �or par�ies} to these agreements. These agreem�ents may require th��nor�gage insurer t� make pa�ments us�n�an� source of funds that the mortgage insurer ma�ha�e a�ailable �v�rhich may include funds�bta�ned from Mortgage Insurance premiums}. As a r��ult of�hese agr�ements, L.end�r, an�purchaser�f�he No�e, anather insurer, any re�nsurer, an�other �ntity, or any af�l�a��of any of the foregoing, may rece�ve�direc�l�or indirect�y} amounts tha�der�ve fram �or m�i.gh�be charac�erized as} a por�inn of Borrower's paymen�s for Mor�gage Insurance, in exchange for shar�ng or modif��ng�he mor�gage insurer's r�sk, or reduc�ng losses. If such agreement pro��des�hat an affiliate of L.�nder takes a share of the�nsurer's risk in e�change for a shar�nf�he premiunzs pa�d�a the insurer, �he arrangement is often termed "capti�e reinsuranc�." Fur�her: ta� Any such agreements vvill no�affec�the a�noun�s�hat Borrower has agreed to pay far Mor�gage Insurance, or any other terms of the Loan. Such agreements wil�nat increase�he amoun� Borrower��vi��owe for Mortgage Insurances and they wi��na� ent�t�e Borrower ta any refund. {b} Any such agreemen��will no�affec��he rfghts Borro�ver has-��f any -with respec�t��h� Mor�gage Insurance under the I3omeowner�Protec�ion Ac�of 1995 or an�o�her Iaw. These righ�s may xnc�ude�he right�o recei�e certain disclosures, fo r�ques� and ob�ain cancellation of the �Vl�r�gage Insurance, �a ha�e th�Mor�gage Insurance�erm�na�ed automa�ica�ly, andlor to recei�e a refund of any Martgage Insurance premiums�ha�were unearned at the time of such can�e�iation or termina�ion. '1�. Ass�gnment af Niisce�lanevus Prviceeds; Forf�iture. All Miscel�aneous Proce�ds are hereby ass�gned�o arid shall be paid to Lender, �f th� Pr�perty is damaged, su�h Misc�l�aneous Proceeds sha��be app�ied to r�stara�ian or repair nf�he Proper�y, if�he restoration or repa�r�s economicaily feasib�e and Lender's security is no� Iessened. Dur�ng su�h repair and restoration period, Lender sha�l ha�e the right to hoid such Misce�laneous Proceeds unt�1 Lender ha�had an oppor�unity to insp�Gt su�h Praperty t��nsure the v�rork has been co�m.p�e�ed to Lender's N�6RA5KA-5ing�e FarniEy-�annie Mael�reddie Mac UNi�qRM�NSTRUM�NT �ar�n 3�28 1141 VMP� VMPfitNE�{13��f W�Iters Kluwer�i�ancial Ser�i�es Page 9 vf 17