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��15�5�37 continue to pay ta Lender�he amount�f the s�para�e�y des�gnated paym�nts that were due when th� insurance�fl��rage cea�ed�o b�in�ff�c�. Lender v�i�l ac�ept,use and retain�hese payments as a non-refundab�e�oss reserve in lieu af Mor�gage Insurance. Such l�s� reser�e sha��be non-refundab�e, na��vithstanding th�faCt that the Loan xs u�txma�e��pa�d �n fu��, and Lend�r shall not b�required to pa�r Borrovver an�in�erest ar earnings on such loss re�erwe. Lender can no longer r�quire loss reser�e paymen�s xf Mor�gage�nsuranc�coverag�(�n th�arnount and f�r the p�riod tha�L�nder requires}�ravid�d�y an insur�r selec�ed by L�nder again becames available, is obta�ned, and Lender requ�res separately des�gnat�� paymen�s�ov�ard the premiums far Mortgage Znsurance. �f Lender requ�red Martgage�nsuran�e as a condi�ian af mak�ng�he Loan and Borrovver was required t�ma�e separateiy d�signat�d payments�oward the premiums far M�r�gage�nsurance, Borrower shall pay�he pr�rniums required t�maintain Mortgag� Insurance in effect, or�o pr��ide a non-refundable loss reserve,un�il Lender's re�uir�ment far Martgage �nsurance ends in accorc�ance v�ith any v�r��ten agreernent betwe�n Barrower and L�nder pr��iding far such �erm�nati�n ar until terrnination is r�quired b�App�icable Law. l�othing in thxs S�e�ion 1�affects Borrower's ob�igation ta pay interest at the rate provided in the I�Tote. Mar�gage Ynsurance re�mburses Lender(or a�a�r en�.�ty �hat purchases the No�e} far cer�axn loss�s i�rnay�ncur if Barrav�ver daes nat repay�.he Loan as agreed. Borrower is not a par�y�o the Mor�gage Znsuran�e, NCar�gag�insurers evaluat�their total risl�on al�such insuranc�in forc�fram time to time, and may enter �nto agreements with oth�r parties tha�share�r modify the�r risk, or reduce�flsses. Thes�agreemen�s are an �erms and co�dx�ions tha�are sat�sfa��ory to th�mar�gage�nsurer and the oth�r party�or par�ies}ta thes� agreements. These agreements rnay require the m.ortgage insurer�o make paymen�s using any saurce of funds that the mortgage insurer may have a�ai�abl��which may include funds obta�ned frorn Mortgag�Insurance prem�ums}. As a resu�t of thes�agreements, Lender, any purchaser of th�No�e, anather in�urer, any re�nsurer, any o�her entity, or any affil�ate of any of the for�g�ing, rnay re�eive�d�r�ct�y or�ndirectly}amoun��hat deri�re fr�m �or m�ght b�characteri�ed as} a portion of B�rravver's payment�for Mor�gage Insurance, in exchar�ge for sharing�r xnodxfying th�ma�gag��nsurer's r�sk, or reducing�osses. If such agr�ement pra�id�s�ha�an affiliate of L�nd�r�akes a share of th�insurer's risk in�x�hang�for a share of the premiums paid ta th� �nsurer, the arrangement is af�en t�rmed "�aptive reinsurance." Fur�her: �a} Any such agreements will n�t affec�the amaunts�ha�Borro►wer has agreed to pay for M�rtgage Insurance, ar any o�her terms of the Loan. Such a�reements will no�increase the amount Borravver wii�owe fnr M�rtgag�Insurance, and they will no�ent��e Borrower�o any refund. �� Any such agreements vvitl no�affect the r�ght�Borrovver has-if any-vvith respect to�he Mortgage Insuranc�und�r�he HQmeowners Pr�tect�on A��af 199$�r any o�her�.aw. These r�gh�s may include�he r�ght to recei�e certain discl�sures, to request and vbtain cancella�ion of�he Morfigage Insurance, to ha�e�he IVlortgage In.surance termina�ed autamatically, and�ar to receive a refund of any Mortgage Insurance premiums that were unearned at th�time af such cancellation or terminatian. '1'i. Assignment of �is�ellaneaus Proceeds: Forfeitu�e. A1�M�sce�laneaus Proceeds are h�r�by assigned t� and sha��be paid ta Lender. If the Proper��s dama�ed, such Miscellaneous Proc�eds sha11 b�app�ied�o restara��on or repa�r of the Propert�, if the restora��on or repair is econamicall�feas��e and Lender's security is not�essened. During such repair and restnra��on period, Lender�hall ha�e the righ�.to hQld such Misce�laneous Proceeds un�il L�nder has had an opp�r�unity�o inspect such Pr�perty to ensure th�v�ark has been completed to L�nder's NEgRASKA-5ingi��amily-Fannie MaelFreddie Mac C1NlF�RM 1N5TRUMENT �nrm 3028 1101 VMP Q 1�MP6[tVEf S1 3�2} Woi�ers Kiuwer Financia#Ser�ices Pag�9 v#17