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��15�3335 c�ntinue to pa� ta L.�nder�he amount of��.e s�parate�y designated pa�ments that�vere due v�rhen t�e insuranc�correrage ceas�d�o be�n eff�c�. Lend�r v�ri�� accept, use and retain these pa�men�s as a non-refundable�oss reser�e in lieu of Mor�gage �nsurance. Sueh lflss reser�e s�aa��be nan-refundable, notw�thstand�ng the fac��ha�the Loan is ultima�ely pa�d �n ful�, and Lender shall no�be r�quired�a pay Borrow�r any �nterest or earnings on such Ioss res�r��. I.,�nder Gan n� �onger require�oss reser�e pa�ments �f N�or�gag��nsura�ace co�rera�e�in�he amaunt and for the period tha�Lender requires}pra�ided by an insurer selec�ed by Lender aga�n becomes avai�abie, is ob�ained, and Lender requires separa�ely designated pa�ments tovward the premiums for Mor�gage Insurance. �f Lender required Mor�gage Insurance as a cond�tion of making the Loan and Borrower was required to make separately designa�ed paym.ents t�ward the premiums for Mor�gage�nsurance, Barrawer sha�l pay the pr�m�ums r�qu�red to main�ain Mor��ag� �nsurance in effec�, or to provide a nan-refundable loss reserve, until Lender's requirement for M�r�gage �nsuranc�ends in accordanc�w�th any wri�ten a�reemen��between B�rrov�rer and Lender prov�d�n� for such �erm�nat�on or unti� term�na�ion is requ�red b�Applicab�e Lav�. No�h�ng�n�his Sec�ian �� affects Barrower's ob�igation to pay in�er�st at�he ra�e pro�id�d in the Nate. Mor�gage �nsurance reimburses I.�nder�or any enti�y that purchases the N��e� for cer�a�n l�sses �t ma�r incur if Borrower do�s not repa�the Loar�as agreed. Borrow�r is not a par�y t��he Mortgage�nsurance. Mortgage�nsurers e�aluate�heir�otal r�sk fln a�x such insuranc�in force from time to t�me, and ma�enter in�o agreements with oth�r par�ies tha�share or rnad�f��he�r r�sk, ❑r reduce�osses. These a�reemen�s are on �erm� and c�nditions tha�ar�satisfac�ar�to�he mor�ga�e insurer and the other party �or par�ies� to�hese agreements. T�ese agreemen�s may require the mor�ga�e insurer to make paymen�s using any saur�e af funds tha�the mor�gage insurer ma�ha��ava��ab�e�v�rhich may include funds obtained from M�r�gage Insuranc� prem.iums�. As a resul�af these agreemen�s, Lender, any pur�haser of the Note, anoth�r insurer, any re�nsurer, any o�her en��, or an� affiliate�f any af�he f�rego�ng, may r�ce��e�direc��y or�nd�rectly} amaunts that derive fr�m �or might be characterized as} a por�i�n af Borrawer's paymen�s for Mor�gage�nsuran�e, in exchan�e for shar�ng ar modif��ng th�mor�gage insurer's risk, or r�duc�ng�osses. �f such agreemen�pro�r�des�ha�an af�ilia�e of Lender takes a�hare af the insurer's r�sk in exchange for a share nf�h�pr�miums paid to the �nsurer, the arrangem�n� is oft�n�ermed "capt�ve reinsurance." Further: �a 3 Any such agreemen�s v��not affec��he amaun�s�ha�Borrower has agreed to pay for Mortgage � Insurance, or any o�her��rm�of the Loan. Such agree�men�s w�II not increase the amaun� Borrovver will awe for Mortgage In�urance, and�hey wi�l not en�x��e Borrawer�o any refund. �� Any such agreemen�s wi�l no� affec��he r�gh�s Borrower has-if any� wi�h r��pec�to th� Mor�gage Insurance under the I3�meo��vners Protection Act of 199$ vr any other�aw. �I`hese righ�s may inciude�he r�gh�to rece�ve certain di5c�osures, to requ�s�and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance�ermina�ed au�omatically, andlar�o receive a refund of any M�r�gage In�urance premiun�s that v�ere unearned at the t�me of su�h canc�iia�i�n ar terrn�na��on. �'1. Ass�gnment of M�scel�ane�us Proceeds; Forfeiture. A�� M�sce�lan�ous Proce�ds are hereby assi�ned�� and shall be pa�d�o Lender. �f th�Proper�� is damaged, such Misc��laneous Proc�eds shall be app��ed to r�stora�ion ar repair a�'the Proper�y, �f the r�s�oratian or repair is ecanomica�ly feas�b�e and Lender's secur�� is not lessened. Dur�ng such repair and restora�ifln period, L.ender sha11 have�he right ta hold such Miscei�aneous Proceeds un��l Lender has had an opp�rtun�ty�o inspect such Praper�y to ensur�the work has been cample�ed�o Lender's N�BRASKA-5ingle Family-�an�ie Mael�reddie Mac UNIFdRM INSTRUMENT �orr�30�$11�1 VMP[�] VMPS�NEy�13�2i Wolters Kluwer�inar�cia!5er�ices Page 9 of 17