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��15�3�45 con�inue to pay to Lender the amount of the separate�y designated payments �hat were due when�he insurance coverage ceased t�be in eff�ct, L.�nder�ill accept, use and retain these pa�ments as a non-refundab�e loss reser�e in lieu of Mor��ag� �nsurance. Such�oss reserve shal�be non-refundable, notvv�ths�anding the faL�that the L�an is u�timately paid in fu�l, and Lender sha�� nat b�requ�red to pay Borrav�er any int�res�or�arning�on such loss reserve. Lender�an no l�nger require loss r�s�rve paymen�s if Mar�gage Insurance c�v�rage��n the amount and for�he per�od that L�nder requires}prov�ded by an insurer sel�c��d by L.�nder aga�n be�omes avaiiab�e, �s ob�ain�d, and Lfend�r requires separately des�gnated paymen�s toward the premiums for Mor�gage�nsuran�e. If Lender requ�red Mortgage�nsurance as a c�nd�t�an of making �he Loan and Borrovver was required to make separa�ely d�s�gnated paymen�s to�ard the premiums for Mor�gage�n�urance, Borrower shai�pa�th�prem.iums requ�red�a�nain�a�n M�r�gage Insurance in effec�, or t�pro�ide a non-refundab�e lass reserve, un�i� Lender's requiremen�for M�rtgage Insuran�e ends in accordance with any wr�t�en agreemen�betv�►leen Borrawer and Lender prav�ding far such termi.nation or unt�l termina�ian is requ�red by Appiicable Law. Nothing in this Sec�ion ��affects Borrower's ab�igat�on to pa�r interest at�he rate provided in the Note. M�r�gage�nsuran�e re�mburses I.ender�or any en�i�y tha�purchases the Note} for cer�ain�osses it may in�ur �f Borrower does no�r�pay�he Laan as agreed. Borrower is no�a pa�y to the Mortgage�nsurance. Mortgage �nsur�rs e�aluate�heir�ata� risk an all such insurance in force from��me�fl t�me, and may en�er in�o agreemen�s with other par�ies that share or m�dify th�ir r�sk, or reduce losses. These agreements are on ter�ms and condi�ions that are sat�sfactar��a the mor�gage insurer and�he other par�y �or par�ies}to these agreemen�s. These agreemen�s may require�he�mor�gage insurer�o make pa�ments us�n� any source of fund� that the martgage insurer ma�have a�a��ab�e�which may inc�ude funds obtained froxn Mortgage Insurance pr�miums}. As a result of these agre�ments, Lender, any purchas�r of�he Note, ano�her insurer, an� r�insurer, any o�her en�ity, or any af��iate of an��f the foregoing, ma� recei�e (direc�ly�r indirect�y} amounts that deri�e fronl �or migh�be�haracterized as� a portion of Borrawer's pa�men�s fnr Mar�gage Insurance, in exchange for sharing or mod�f�ing�he mortgage insurer's risk, �r reducing losses. If such agreement pra�xdes that an affilia�e of Lender takes a share of�he insurer's r�sk in exchange for a share�f�he pr�m�um�.s paid�o the insur�r, the arrangement is oft�n termed "captive reinsurance." Fur�her: �a} Any such agr�emen�5 w��no�affect the amounts tha�Borrower has agreed to pay for Nlor�gage Insurance, or any o�her�erms of the Loan. Such agreemen�s will n��ncr�ase the amount Borrower wili owe f�r M�r#gage Insurance, and they w��not ent�t�e Borrower ta any refund. ��3 Any such agr�ernen�5 ��no�affeCt the r�gh�s Sorrower has �if any-wi�h respect tfl�he Mor�gage Insurance under the H�meowners Pro�ec�ion Act�f 1995 or an�o�her�aw. These rights may include the righ��recei�e cer�ain disc��sures, to reque5t and o��a�n cancellativn of�he Martgage Insurance, �o have the Mor�gage Insurance�ermina�ed au�omatical�y, andlar to rece��e a refund af any Mortgage Insurance prcm�.iu�ns that�ere unearned at the#ime of such cance��ation�r termina�ion, �1. Assignment of M�sce�[anevus Proceeds; Forfeiture. A�� N��scellaneous Pr�ce�ds ar�hereb� assigned�o and sha��be paid�o Lender. If th�Proper�y is darnaged, such Mis�ellaneous Praceeds sha1� �e appli�d�o restara�ion or repair of the Prop�r�y, �f the restaratxon or repair is econon�ca��y feas�bie and Lender's s��urity �s na��essened. During such repair and r�staration period, Lender shall ha�e the right to h��d such Mis�ellane�us Proceeds until Lender has had an oppor�unity to znspec�such Prop�r�y ta ensure�he vvork has been�ompleted�o Lender's N�BRASKA-5ingle Family-�annie MaelFr�ddie Mac l3NlF�RM INSTRUMENT Farm 3�28 11QI VMP� VMP6�N�f t13023 Wvlters Kluwer�ir�ancial 5er�ices Page 9❑f 7 7