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��15�54�� cont�nue to pay�o Lender�he arnount af the separately designated payments that were due wh�n the insurance�averag�ceased�o be in ef�ec�. Lender wiil accept, use and retain�he�e payments as a n��--refundable Ioss reser�e in li�u of Martgage Insuranc�, Such�oss re�erve shall be nan-refundable, n�twithstanding the fact�hat the Loan is ul��mately paid in full, and L.�nder shal�not be required to pay Borrower ar�y in�erest or earnings on such loss reserve. L�nder can na �onger requ�re loss reser�ve payments if Mar�gage InsuranGe cavera�e (in the amoun�and for the�eriad tiha�Lender requ�r�s}pravided by an insurer se�ected by Le��der again becon�es available, is abtained, and Lender requ�res separately deszgnated payments toward the pr�miums f�r Mort�a�e Insurance. �f Lender required Mar�gage�nsuranCe as a condi�ian af making the I,�an a��d Barr�wer was requ�red�a make s�parately des�gna�ed payrnents to�ard the premiums for Mortgage Insurance, B�rrower�ha��pay�he pr�miurn.s z�equired�a maintain Mor�gage Insurance in effe�t, or to pravide a��.on-refundabl�lass reserve, until Lender's requirernent far Mor�gage Insurance ends�n accordance with any written agreem�nt between�3orr�wer and Lender prov�d�ng for such t�rmina�i�n or unt�l�errnination is required by App��cable Law. Nothing in this Section 14 affects Borrawer's a�X�ga�ion t�pay�nt�rest at the rate pro�ided in the Note. Mor�gage Insu�anc�reimburs�s Lender�or an�entity that purchases�he No�e} for cer�a�n lasses it may incur �f Borrower does not repay the I.oan as agreed. Borrovver is not a party to the Mor�gage�nsurance. Mor�gage in�urers eva�uat�their tatal r�sk on a��such insurance in force frorn time ta�ime, and may en�er into agree�nen�s with o�her par�i�s�hat share�r modify�heir risk, �r redu�e Iosses. These agreem�n�s are on terms and condi�ions that are sat�sfactory to�he martgage�nsu�er and�he ather party�or par�ies}�o thes� agreements. These agreemen�s may r�quire the rnortgag��nsurer t�make paymen�s us�ng any source af funds �ha�the mortgage insurer may ha�e a�aiiable�vvhiCh may �nclude funds obtained fr�m M�rtgage Insurance premiums}. As a result of th�se agreernen�s, Lender, any purchaser af�he I�Iote, an�ther insurer, an�reinsurer, an�other enti�y, or any af�il�a�e af any�f the fQre�o�n�, may recei��directl�ar�ndir�ctly}amounts tha�d�rive from �or m�gh�be�harac�erized as}a p�r�ian of Borrow�r'�payments for Martgage�nsuranc�, �n exchange for sharing ar modifying th�mor�gage in�urer'� r�s�, or reducing losse�. �f such agreernent pro�ides tha�an affilia�e�f Ler�d�r�akes a share of the insur�r's risk in exchange for a share�f the premiums paid to the insurer, the arrangement�s aften�ermed "captive reinsurance." Further: €a� Any such agreemen��w�l�not afFect�he axnaun�s that Sorrower has agre�d to pay for Mar�gag� Insuranc�, ar any other ternr�s of the Laan. Such agreemen�s w�il not increase the amount Borrower w�l�a►we for Nlor�gage Insurance, and they�cwil�no� entit�e Borrower to any refund. �h} Any such agreemen�s w�l� not affec�the righ�s Borro�ver has-�f any -�vi�h respec�to the M�r�gage Insurance under th�Hameo�vners Pro�ec�ion Ac�oF 1998 or any other la�v. These ri�h�s may�nc�ude�he r�ght to rece��e cer�ain d�sc�asure�s, �o request and ab��n canc��lation af the �Vl�rt�a�e In�urance, �o havc the IVlor�gage Insurance�erxnina�ed au�omatical�y, andlvr ta recei�e a r�fund of any MQrtgag�Insurance premiuxns�ha�were unearned a��he�ime o#'su�h cancellation or�erminati�n. 'i'i. As�ignm�nt af IVlisc�llaneous P�oceeds; Forfe�ture. All Misc�llaneous Proceeds are hereby assigned�o and sha��be paid�o Lender. If the Praper��is dama�ed, such Misce��ane�us Proceeds sha��b�appiied�o restora�ion or repair flf the Proper�y, �f the restaratian or repair is ecQnomicall� feasible and I..end�r's secur�ty is nat 1ess�ned. During such repair and restaratian p�riad, Lend�r shat�ha��he r�ght t�hoid such M�sce�ianeous Pr�c�eds unti� Lender has had an�pporturiit�to i�aspec�such Proper�y�o ensure�he w�rk has been compl��ed t�L,end�r's NESRASKA-5ingla Farni�y-�annie MaelFrecidie Mac UNIF�#�M iNSTRUM�NT �arm 30�8 11�� VMP(� VMF6tNE}t1302} Wa!#ers Kluw�r Fi�anciaE Services P�ge 9 vf�7