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��15�5411 c�ntinue to pay to L.ender�he amount of the separately de�ignated payments that wer�due when the insurance coverage ceased to be�n effe��. Lender v��i�� accep�, use and retain�hese payments as a non-refundable loss reserv�in li�u of Mortgage�nsuranc�. Such los�reserve sha��be non-refundable, no�withs�anding the fact tha�the L.�an is u�timately paid in fu11, and Lender s�al��ao�be re�uired to pa� Borr�v�er an�r interest or e�rnings on such loss res�rve. Lender can no longer require Ioss reserv�payments �f Mortgage�n�urance�o�erage�in the arnoun�and f�r the periad that Lender requir�s}p�rnvided by an insurer se�ec�ed by Lender aga�n becnmes a�ailab�e, is ob�ained, and Lender requires separa��ly des�gnat�d payments toward�he pr�miums for Mortgage�nsurance. If I.ender required Mortgage InsuranC�as a conditian af mak�ng the I.oan and Borrow�r vvas requ�red ta mak�separately designa�ed payments�owa�d the premiums for Mar�gage Insuran��, Barrov�er shail pay�he premiurns required to maintain Mor�gage Insuranee in effec�, or ta prov�de a non--refundable lass reserve, untzl Lender's requiremen�for M�rtgage �nsurance ends in aceordance with an�writ�en agreem�n�between Borrower and Lend�r providing for suGh termina�ian or unt��termina�ion i�rcquired by App�icab�e Law. Nothing in�his �ection 14 affects Bo�rower's obligation ta gay in�erest at the ra�e pra�ided in�he�]`�te. Mortgage In�urance reimburses Lender��r any ent��y�hat pur�hases�he Nate� far certain losses it may in�ur �f Borr�wer does not repay�he I.�an as agr�ed. Borrower is n�t a part��a the Mar�gage�nsurance. Mar�ga�e�nsurers e�aluate their total r�sk Qn aII such�nsuranc�in force fram t�m�t�t�me, and may en�er �nto agre�ments w�th other parties that share ar m�d�fy their risky Dr Ie[�liC�:��55�5. These ag�reements are on �erms and conditiox�s that are sat�sfa�tory�o the mar�gage�n�urer and�he other par�y�or par�i�s}tti these agreements. These agreements ma�require the m�rtgage insurer to makc payments using an�sau�rce of funds that the mor�gage�nsu�rer xnay ha�re a�ailable�which may in�iude funds ob�ained from Mar�gage Insurance premiums}. As a resul�of�hese agreernents, L.�nder, any purchaser of th�No�e, another�nsurer, any reinsurer, any��her enti�y, or any affilia�e❑f any af the farego�ng, may re�ei�e�direc�l�or indirect�y} amounts �hat derive f�r��n ��r might be characteri�ed as}a por�ion�f Borrower's paym�nts for N��rtgage�nsurance, in exchang�fnr sharing or modif�ring�he mor�gage insurer's risk, or r�ducing 1oss��. If such agreement provide�tha�an af�liate of Lender takes a share�f�he insurer's risk�n�xchange far a sha�re of the premiums paid to�he insurer, th�arrangement is often termed "capt�v�re�nsurance." Fur�her: {a} Any 5uch agreemen�s wii�nat affect�he amounts that Borr�wer has agreed to pay for�Vlor�gage Insurance, ar any o�her�erms of th�Loan. Such agreements wi��not increase the arnount Borrower will owe for Morfgage Insurance, and�hey wiil not en�it�e Borr�wer to any refund. �h} Any such agreements will not affe��he rights Borra►�ver has�-�f any-�wi�h respect�o tbe Mortgage In�urance u.nder the I3om�o�vners Pra�ee�ion A��aF 1998 vr any other law. These r�ghts may include�he rigbt�o recei��cer�a�n disclosuresi �o request and ob�ain�anccil�tion of the Mor�gage Insurance, �a ha�e the Mvrtgag�Insuranc��erminated autnma�ically, andlor�o recei�e a refund af any Mortgage Insuran�e premiums�ha�.�ere unearned at�he t�xne of such canceliation ar termination. 'i�. Ass��nment af Mis�e�laneou� Proceeds, Fa�fe�tur�. A�I 1Vliscei�aneaus Prac�eds are hereb�assigned to and shall be pa�d to Lender. If�he Pxoperty is dama��d, such N��scellaneous Proce�ds shali�e applied�o restarat�an or repa�r of the Praperty, �f th�restorati�n or repair�s econom�.c�.l�r feas�b�e and L�nder's security is not Iessen�d. During su�h repair and r�staration periad, Lender shall ha�re�h�right to hold such N��s��i�an�ous Proceeds un�il Lender has had an opportunity to inspe��su�h Proper�y to ensure�he wark has�een completed to Lender's NEBFiASKA-Single Farr►ily-Fannie MaelFreddie Mac UNE�ORM INSTRUMENT Form 30�$�101 VMP Q VMPBtN��f�3021 Wolters K!�€wer�inancial 5�rv�ces Page 9❑f 17