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��15�5574 c�ntinue�o pay�o Lender th�arnount�f the separa��l�d�signated pa�men�s tha��ere due when th� �n�urance co�erage ceased to be in effec�. Lender will accept, use and retain�hese paym�nts as a nan-refundable Ioss reserve�n�ieu of Mor�gag�Insuranc�. Such loss reser�e shall be non-r�fundable, natwithstar�ding�he fact�ha�the Loan i�u�t�mately paid in full, and Lender shall na�be re�uired��pay Borrower any intere�t or earnings on such�oss reserve. I.�nder can na langer re�uire�oss res�rve payments �f Mortgage�nsurance ca�e�age (in the amount and fo�r the per�ad that Lender requ�res�provided by an insurer se�ec�ed by Lender again be�omes ava�labie, is�b�a�ned, and Lender requ�res�eparate�y designa�ed payments toward�he premiums for Mortgage Insuran�e. If Lender r�qu�red Mortgage�nsurance as a �ondition of makzng the Loan and Borrower wa�requ�red�o make separateiy des�gnated payments towa�d th� prerniums for M�rtgage�nsurance, Borror�ver sha��pay the pren�ums requ�r�d to maintain Mortgage Insurance�n effe�t, or tfl pravide a nan-refundable Ioss reser�e, until Lender's requirement for Mortgage �nsurance ends�n accordance with an�wr��ten agree�ent be�ween Borr�v�rer and Lender provid�ng for such termination�r until�ermina�ian�� required by App�icab�e Law. Nothzn� in thxs Section �4 affects Borrower's obl�ga��on�o pay interest at�he rate pravid�d�n�he Note. Mar�gage Insurance re�nzburses I�nder�or any en��that�urchases the Note}for cer�ain losses ��may incur �f Barrawer daes not repay�he Loan as agreed. Borrawer�s not a part�r tQ the N�or��age�nsurance. Martgage insur�r��axuate their to�al risk on all su�h insurance in force from time�o�ime, and ma�e��ter into agreemen��w�th ather part�es that share or modify the�r rzsk, or reduce�osses. Th�se agr�ements are on term�and condi�ians that are 5a��sfac�ary to��e rnortgage insurer and t�e ath�r par�� or parties��o thes� agreements. These agreements ma� r�qu�r��he mortgag�insurer to rnake payments using any source of funds �hat�he mor�gage insurer may have ava�lable�which ma� include funds ob�ained from Mortgage�nsuran�e prerniums}, As a result of these agreements, L,ender, any purchaser of�he Note, another insurer, any reinsurer, any other en�ity, nr any affi�iate of an�of th�farego�ng, may re�eiv��dir��t�y or indire��ly}arnounts that derive frorn �or might be chara��er�zed as�a porti�n of Barrower's paymenis for Mar�gage�nsuranc�, in�xchange for shar�ng flr mod�f�ing the mor�gage�nsurer's risk, or r�ducing l�ss�s. �f such agxeemen�pra�v�des that an affi�ia�e of Lender takes a share of the insur�r'�risk�n�xchange for a share of the pre7m.iums paid ta the insurer, �he arrangen�.en�is aften terme� "cap�ive reznsurance." Fur�her: �a3 Any such a�reemen�s w�i�not affec�the axnaunts tha�Borrower has agreed�o pay for Mor�gage Insurance, ❑r any o�h�r terms nf the Loan. Su�h agreements wii� nat in�rea�e th�a�n.nunt Barrawer w�ll�we for Mortgage Insuranc�s and�hey w�ll na�en�itle Borrv�ver t�any refund, �h� Any such agreements w��not aFfect the right�B�rrower has�-�f any-vv��h respect to�he . Martgage Insurance under the Homeawners Pr�tec��on�.ct af 19�5 or any a��er law. These righfs may�nclude the r�gh��o recei�e�ertain disc�osuress�o reques�and obtain canc�l�ation of th� Murtgage Insurance, �o hav��he Mortgage In�urance term�nated auto�n�tically, andlor�a receive a refund of any�Ior�gage InSurance premiums tha�were unearned a�the��me of such cancellat�an or termination. 'i'1. Assignment flf Misce[[aneous Pr�ceeds; F�rfeiture. All Mi��e��aneous Praceeds are hereb�assigned to and shall be paid to I.ender. �f�he Proper��r�s damage�., such M�sce��aneous P�roceeds shaxl b�app�ied to r�sto�ration or repa�r of�he Prflper�y, if the re�taration or repair is economicall�feasible and Lender's securi�y is not�essened. During such repair and rest�ration period, Lend��sha��ha��the right to ho�d such Miscellaneaus Proceeds un�il Lender ha�had an oppor�unity t�inspe�t such Proper�y to ensure the wark has been compieted�o Lender's NEBRASKA-5ingle Famiiy-�ann�e Mael�reddie Mac UNIFQRM tNSTFtUMENT �o��o�s�ro� VM�� VMPC[N�y(13Q2} Wofiers Kfuwer Fir�ancial Ser�ices Page 9 of�7