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��1 5�5�3� continue to pay�o Lender�he arnount of�he separate�y designated payments tha�were due when�he insu�ance co�era�e cea�ed��e in effect. Lender��i�i accep�, use and�e�ain these pay��ents as a non-refundab�e�oss r�serve in lieu of Mor�gag�Insurance. Such lass reserve sha�� be non-refundab�e, natw�thstand�ng the f�ct that�he I�an is ultimat�ly paid in fu11, and Le�lder sha�I not be requir�d to pay Borrawer any inte�re��or earnings on su�h�oss reserv�. Lender can no �ong�r require�oss reserve pa�ments if Mar�gage�n�urance�o�erage�in the amflunt and for the peria�that Lender requires}p�ovided l�y an insurer selec�ed�y Lender again becomes avaxlable, �s ob�ained, and Lender requires separate�y desig�a�ed payn�.ents taward t�e premiums for Mor�gage Insurance. �f Lender required Mor��age Insura��e as a c�ndit�on of making the L.oan and Sorrower vvas required�o ma�e s�parate�y desx�nated payments taward the prem�ums for Nlor��age Insurance, Borrower�ha11 pa�the premiurns required to mainiain Mo�rtgage �nsurance�n�ffect, or to pro�v�de a non-refundable loss reserve, until L.�nder's requ�r�ment for M�rtgage �nsurance�nds in acc�rdanc�w�th any vvritten agreement between Borro��r and L.�nder pro�iding for such �crmina��on or untii termination is r�qu�red by Applicable Law. Nothing in th�s 5ec�ion 1�affe�ts Borra�er's ab��at��n ta pay�nteres�at the ra��pro�ided in�h�No�e. Mort�a�e Insuranc�re�mburses Lender�or any entity�hat purchases th�N��e} f�r certain��sses �t may �ncur if Borrawer dfles not re�ay�he Loan as a�re�d. Borrawer is not a par�y to�he Mor�gage Insuranc�. Mor�gage�nsurers evaluate the�r tota�risk an ali su�h insurance�n f�rce from time ta t�me, and may enter �nto agre�ments with other par�ies�hat share ox madify th�ir risk, or reduc�I�sses. Th�se agreern.ents are on terms and c�nd�tidns that a�re sat�sfactory to the m�r�gage insu�er and the o�her par�y�or part�es}to these agr�em.ents. These agreements may reyuire the mor�gage�nsurer to make pa�ments using any source of funds that�he mor�gage insurer ma�haWe a�vai�able�which may include funds obtain�d fr�m M�rtgag�Insuran�e prem�ums�. As a result af�hes�agreements, Lend�r, any purchase�r�f the Note, ano�her insurer, any reinsurer, any other en�ity, or any affiliate of any af�he far�going, rnay r�ce�ve�d�r�ctl�ar ind�rectly�amounts�hat deri�e from �or might be charac�er�2ed a�}a par��on of B�rrower's payments far Mortgage�nsuranc�, in exchan�e for sharing�r mod�f}�ing�he m❑rtgage��surer's risk, or r�ducing lo�ses. �f such agreement prov�des t��a�an affi�iat�of Lender takes a share�f the insurer's risi�in exchange for a share of the premiums pa�d to the insurer, the arrang�ment is oft�n term�d "capti�e reinsuranc�." Fur�her: �a} Any su�h agreements w�i�not affe��he amaunts�ha�Borrower has agreed to pay fvr IVlartgage Insurance, or any other�erms af�h�Laan. Such agreexnents will not�ncrease�he arnoun� Borrower w��awe for Mortgage Insuran�e, and they will no�en�i�i�Barrawer ta any refund. t�� Any such a�re�men�s w��not affect the righ�s Borro�ver has -if any-►�vith respect to the Mor�gage In�urance under�he Homeawners Prote�tion Act vF 1998 or any other Iaw.The�e rights may inc�ude�he r�ght to re�ei�e cer�ain disc�osures, �a rcques�and ob�a�n can��lla�ian of the Mortgage Insuran.ce, �o ha�e�he Ni�rtgagQ Insurance termina�ed au�amatica�Iy, andl�r to receive a refund of any Mor�gage Insurance premiurns�ha�vvcrc unearned at�he time of such �an��llat�on or�erm�nation. �'�. Assignment af M�s�e�lan�vus Prflceeds: Forfe�ture. A�l �Ir�isce��aneous Pro�eeds are hereb�assigned�o and shall be paid t� Lender. �f�he Prnperty is damaged, such Miscellaneaus Proce�ds shal�b�applied�o restoration�r repair of the Prapert�, if the restoratian�r r�pair�s econom�call� feasible and I.�nder's secur�ty is no�.�essened. During suCh repair and restaration period, Lend�r shall ha�e the right to hald such Misc�i�an�ous Praceeds unt�l Lender has had an apportunit�ta inspect�uch Pr�perty�o ensure the work has been comple�ed to I.�nder's NEBRASKA-5ing�e�ami(y-�annie Ma�lFr�die Mac UNIFORM 1NSTRUM�NT Fvrm 3028�1�� VMP� VMP�tNE)�13�2� Woiters Kluwer Financiai Ser�ices Page 9 of 17