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� ��1 5�5�34 �ontinue�o pay ��Lend�r the a��.ount of the separa�el�designated pa�ments that were due when the xnsuranc�coverag�ceased to be in effect. Lender wili accept, use and reta�n th�se paym�n�s as a n�n-r�fundab�e loss reser�e in�ieu of Mortgage�nsurance. Such�oss reser�e shall�e non-refundable, notv�►��thstand�ng�he fact that�he Loan is u��ima�ely paid in full, and Lender shall not be required�o pa� Borrawer any �nt�res�ar earn�ngs�n such lass reserve. Lender can no longer requir�1as�reser��paymen�s if Mar�gage�nsuran�e coverag��in�he arnount and far�he periad�hat Lend�r requires}pr�vide�by an insurer se�e�t��by Lender aga�n becames avai�abie, is o��ained, and Lender requir�s separate�y des�gna�ed paym.en�s�award�h�prem�.u�for M�rt�a��nsurance. If Lender requ�red Mortgage Insurance as a cond��on of making th�Laa.n and Borro,wer was required��make separate�y de��gnated payrnents�award�he prezn�ums for Mor�gage�nsuranc�, Borrow�r sha1X pay the premiums requ�red to maintain Mortgage Insurance in eff�ct, or t�pr�vid�a non--refundab�e loss rese��ve,untz] Lerider's requ�rern�nt for Mor�gage Irisurance ends in accordance wi�h any writ�en agreemen�between Barrower and Lender providing for such �.errn�nation or un�i�ternuna��on is re�uired b�A�p��cable Law. Nath�ng in this Sect�an 1�affec�s Barrawer's o�liga�ion to pay�nterest at the ra�e pro�id�d in�he Nat�. Nlor�gage�nsurance reimburses Lender(or any�nti��that purchases the�a��}for certain�osses it�na�incur if Borrower does nat repay th�Laan as agr�ed. Borr�v�er is n�t a par�y ta th�Mor�gage�nsurance. M�r�gage insurers��va�uate the�r��a1 risl�on al� such��surance in for��frnrn t�me to tim�, and ma�enter int� agreemen�s vvi�h other parties that share or rnadify�he��r�s�, or r�duce losses. These agreemer�ts are on �erms an�canditions�ha�are sa��sfactory�a�he rnortga�e insurer and the other par�y(or par�ies}�a�hese agreements. Thes�agreements may requir�the mortgag�insurer to rnak�pay�nents us��g any source of funds that the rnor��age xnsurer may have availabie(which may include funds a��a�ned from Mor��age�nsurance pr�m�ums}. As a resul�of these agreements, Lender, any purchaser af the No�e, anofher insur�r, any reinsurer, any ather entzty, or an�aff��iate�f any�f the foregoing, ma�r receive�direc�ly or�ndirecti�}arnaunts tha�derive from �or rnigh�be character�zed as} a por�ion�f Borrower's pa�rments for Mar��age�nsuranc�, in e�change for sharin�or m4difying th�rnar��a�e insurer's r�sky or reducing�osses. If such agre�rnen�provides that an aff�liate af Lender tal�es a share of the insurer's risk �n exchange for a shar�of the premiums paid t�th� �nsur�r, the arrangemen�is often�ermed "captive re�nsuran��." Fur�her: �a} Any such agreemen�s wi�l nflt affe�t the amoun�s tha�Barrvwer has agreed�o pay f�r Mor�gage I�s�xr��e, orr a��i at�er�er�r�s af tl�e��a�.x. Su��i a��er�ae�ts�vi��ir��r�►s�th��u�� Barrow�r w�.�l owe for Mor�gage Insurance, and�hey will not�n�itl�Borrawer�o any refund. �b 3 Any such agreem�n�s wil�na�affec�:�.he rights Borrower has�if any-with respect��he Mor�gage Insurance under the I3ameawners�ro�ecti�on Act af 1998 or any other law. These rights may include�h�right tv recei�e�erta�n d�sciasur�s, ta reque5t and abtain cancellation of the Mortgage Insurance, to have�h�Mortgage Insurance t�rm�nated automatica��y,andlor tn receiv�e a refund of any Mor�gage Insurance premiunr�.s that were unearned at the�im�of such cance��a��on or term�na�ion, 'I'i. Assignment af MiscQllan�ous Pr�ceeds; Farfeiture. A�1 Mxscellaneaus Proceeds are hereby assigned�o and shall be pa�d to L.ender. �f�he Prop�r�y is damaged, such Misce��aneous Proce�ds shall b�app�ied t�restora�ian or repair of th� Proper�y, if�h�res�orat�on❑r repair is economica�ly fea��ie and Lender's �e�urity is not�essened. Du�ing such repair and restoratzon perzod, Len�ler sha11 have the right�o h�ld such Mxsce��aneous Pr�ceeds un�z� Lend�r has�ad an appor�un��y to inspe�t such Pro�ert� �o ensure th�work.has�een cflmple�ed tv Lendex-'s NEBRASKA-5ingle Fami(y-Fannie MaelFreddie llliac IJNIFDRM INSTRUMfNT Form 30�8 7101 VMP� VMP6�N�}{13�2i Wviters Kluwer Financial 5erv�ces Page 9 c�#17