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��15�5454 continue�o pay to I�:nder the amount�f t�ie separate�y designa�ed payments that u�er�due v5rhen�he insurance coverage c�ased to be in effect. Lender wi��a�cept, us�and�eta�n th�se payments as a non-refundable loss r�serve in lieu of Mortgage Insurance. Such�oss res�r�re shall be non-refundable, notwiths�anding�he fact that the L�an�s ultimately paid in ful�, and L�nder shall n�t be requ�red�o pay Borrower�ny inter�st or earnings�n such��ss reser�e. Lend�r can no�on�er require I�ss r�serve paymen�s if Martgag��nsurance�o�erage�in the am�unt and for�he period that Lender requires�provided b�r an insurer selected by L�nder again becorn�s a�railable, is o�tained, and Lender requires separa�el�desi�na�ed pa�ments tov�rard the premiums for Mortgage�nsuran�e. If L�nde�r required Mortgage Insurance as a condit�an of making the Loan and Borrower was�requ�red�o ma�e sepa�ra�el�des�gna�ed payments toward th� pr�zniums for M�r�gage Insurance, Borrov�er shall pa�the premiums required�o m�ain�ain Mor�ga�� �nsurance in eff��t, or to provid�a non-refundable loss res�rve,unti� L�nder's re�uirem�nt f�r M�r�gage Insurance ends in acc�rdan�e with any wr��en ag�reern�n�between Borr��er and Lender pr�v iding f�r such terrnina�ion or untii termina��on�s requ�red by Applica��e Law. Na�h�ng�n th�s �ec�ian ��affects Borrower's ab�igation to pay �n�eres�a�the rat�provided in�he Note. Mor�gage�nsurance reim�urses L.�nder�or an�r ent�t� �ha�purchases the Nate} for c�r�ain loss�s i�may in�ur if Borrawe�does nat repay�he Loan as a�re�d. Borrower is not a par�y�o the Mor�gage�nsuran�e. Mor�gage�nsurers e�aluate their�ota�risk Qn ali such insuxance in forc�fram time to t�me, and may enter inta a�reernents with other parties tha�share or matiify�heir risk, or reduce Iosses. These agr�ements are on �erms and candi�ions that ar�sa�isfac�ory��the mor�gag�insur�r and�h�❑ther par�y�or part�es}t�tl��se agreemen�s. These agreemen��may require the rnor�gage�nsur�r to make payments using any source af funds that�he mor�gage insurer ma�ha�e a�ai�ab�e�wh�ch rnay in��ud�funds a�ta�ned from Martgage�nsuran�e prem�ums�. As a resu�t af these agreements, Lender, any pu�rchas��r of the Nofe, another insurer, any reinsurer, any other ent��y, flr any af�1 iate�f an�r�f the faregoing, rnay receive�d�re�t�y a�r�nd�rec��}amount��hat derive fram �or migh�be characte��ed as}a por�i�n of Borrower's payn�ents for Mortgage�:nsurance, in exchange f�� sharing�r madify�ng�he mortgage insurer's risk, or reducing ��sses. �f such agreement provides that an affiiiat�of I.�nder takes a share of the insurex's risk in exchange for a shar��f�h�premzums paid ta the insur�r, th�arrang�ment is aften termed "captive re�n�uranc�." Fur�her: �a� Any such agreen�.en�s will na�affec�th�amounts tha�Borrower has agreed ta pay for Mor�gage Ir�surances or any o�her�erms of the Loan. Su�h agreements wi�i not increase�h�arnoun� Borrower wi�l owe for Martgage Insurance, and they w��no��n��t�e B�rrower�o any refund. t h} Any such agreernents will nv�affec��h�rights�3orrower has�-�f any-with respect to�hQ M�r�gage Insurance und�r the IIarnQown�rs Protect�on Act of 1998 or any o�h�r law. These r�ghts may include�he right tv re�eive cer�a�n d�sciosures, to reques�and�btain cancellation af�he Mar�gage Insurance, to ha�e�he Martgage Insurance term�nated au�omati�a��y, andlor t�receive a refund of any Nior�gage Insurance premiumrs that wcrc unearned�t�he time of such cancella��on flr terminatian. 'I�. Assignment vf �1J1is�elianeous Prflceeds; F�rfeiture. A11 M�sce�lane�us Proceeds are hereby assigned ta and sha�l be pa�d ta Lender. �f the Property is damaged, such Mis��laneaus Proceeds shal�be appl�ed t�r��torat�an or repair of the Proper�y, if the restarati�n or re�air is economi�a��y feas�ble and Lender's se�uri�y is no��ssened. During su�h r�pa�r and restorat�on period, Lender shail have the�igh�to ha�d such Mis�ellane�us ProGeeds un�i� Lender has had an opp�r�uni�y to inspec�such Pra�erty�� nsur��he work has been c�mple�ed�� Len�er's N�BRASKA-5ingl��arnily-Fannie Mael�reddie Mac UNIFORM INSTRUMENT Farm 3��8 11�1 VMP[� VMP6iN��i13D2} Walters I�luw�r�inancial Services ��9��