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��15�455� ��nt�nnue to pay t�Lender the amount�f the separately designated paymerrt�tha.t were due when th� insurar�e caverage�a�ed to be in eff�t. Lender�v�l accept, use and retain t.�ese payments as a non-refundab�e�oss reserv�in Iieu of Mvrtgage In,�ura�ce. Such los5 r+es��ve sball be nan-refurydahle, not�vithstanding�he fact that the Loan is ultim�ately paid in full, and L�nder shall not�e required to pay B�rrower any interest ar earnuings an such loss reserve. Lender can nv longer r�quire Iass reserve payments if M�rtgage Insurance co�erage�in the am�unt ar�d for the period tha.t Lender requires�pra�ided by an �nsurer se�ected by Le�der agau��becomes a�ailable, is obtained, and Lender r�quines seFax�ately designa�ed payments t�ward the prenuurns f�r M�rtgage Insurance, If Lender required Mortgage Insurance as a candition of rrial�ing the Loan and Barrvvver was required t�make separately designated paym�nts toward the pr+emiwms for Martgage Insurance, Borr4wer shall pay�he pr�mi�uris required to maantain Mortgage Insurance in effe�t, or ta pro�vide a nvn-refunda�le l�ss r�se�e, unti�.Lender's r�quirement for Mvrtgage Insurax��e e�ds in accardance with any written agreement between Borrower and Lend.er pro�iding f�r such �ermina.tion ar until ternunation is required�y Applicable Law. N�thi.ng in this �e�ti�n �U affects Borrower's abliga�ion to pay uiterest at the rate pravided in�.h�Note. Mortgag�Insuran►ce reimbwrses L�nder(or any entity that purchas�s the Note}for certain�osses it may zncur if B�arrower does not repay the Laan as agreed. B�rrflwer is r�t a party to th�M�rtgage Insurance. Martga.ge insurer�evaluate their tatal risk on all such insurance in force frvm tin�e to tirr�e, and may enter into agreement�wi�h other parties that share or modify their risk, or reduce los5e5. These agreements are on terrns and conditians that are satisfa�ory t�the mor�gage insurer a.nd the vther part�(or parties}to these agre�merttss. These agreements may requ�re the mvrtgage insurer ta make�aaryments us�ng any s�urce�f funds that�he mortgage in5urer m,ay have a�ailabie(which may inclu�e fu�ds obtain�d from Martgage Insurance prerruums}. As a resu�t of these agreemerrts, Lender, any purcha,ser af the Note, anather insur+er, any rein�uner, any other entity, or any a.ff'�liate af any of th�foregoing, may re�ceiv��direct�y or indirec#ly}arr�vunt��t derive fr�m �or might he chara.cterized as�a poriion af Borr�wer's payrnents for Mortgage Insurar��e, in exchange for sharing vr mvdifying the mortgage insuner's risk, or reducing�osses. If such agreemerrt provides that an aff'��te of Lender takes a 5hare of th��nsurer's ris�k in exchange for a share of the premiums pa.�d to the insurer, �he arrangement is often t�rntied"captive reinsurance."Further: �aj Any�uch agreements will not affe�t the amounts that Barro�ver has�greed to pay fvr Mortgage Insurance, or any other terms af the Luan. Such agreements will nnt increase the a.mount B4rr+vwer will awe for Mortgage Insurance, and they will not entitle Barrower to any refund. �bj Any such agreements will not affect the rights Borrnwer has-if any-wi#h respect ta the Mortgage Insurance under the Homeawn�rs Pratect�on Act of 1998 or any�ther law. These r�ghts may inc�ude the�ti.ght to r�e��e certain disclosu res, to r�equest and obtai.n�ancellatinn 4f the Mortgage Insuran�e, tv have th�Martgage Insurance terminated automatic�lly, andJor to r�ei�e a r1efund of an.y Mortgage In9urance premiums that were unearned at the ti�me of such c�ncellatiun or t�rmination. 'I 1. Assignment vf M isc�llaneous Proceeds; Farfeiture. All MiscellaneQus Proceeds are�re�y a�s�gned to and shall be paid to Lender. If the Prope�t�r i5 darnaged, such 11�Iiscellaneous Proceeds shall he app�ied to restorati�n or repai.r Qf th� Property, if th�restoration or repair is econamicall�feasible and Lender's securit,�is not lessened. During �uch repair and restorati�n period, Lender shall have the right ta hold such Miscellaneaus Proceeds un� Lenc�er ba.s had an opportunity�o irrspect such Property ta ensure the�vork has l�een c�mpl�ted to Lender's z2�o��$7�� ❑vsn�� NEBRASKA-Singl�Family-Fanr��e MaelFreddie AA�c 11NIF�RM INSTRUM�IT Form 3Q�8 1101 VMP� VMPB�NEy�'�3D2} Wolte�s Kluwer Fina�cMai 5erv�ces Page 9 0��7