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��15�577� cantinue to pay �a I,ender�he amaunt of�he separat�ly designa�ed pa�ments�hat were due when�he insurance co�erage ceased to be�n effe��. Lender�iil ac�ept, use and retain these payments as a non-r�fundable loss reser`re in l�eu of Mor�gage�nsurance. Such loss reserve shall be nan�refundable, no��vithstanding the fact that�he Laan is ult�rnately paid in full, and Lender shal� nat�e required to pay Borrower any inter�st or earning�on such lass�eser��. L�nder can no lon�er require�oss reserve pa�men�s if Mortgage�nsurance coverage��n the amount and for�he period�hat L��der requi�r�s�pro�ided by an insurer seiecte�by Lender aga�n becames ava�labi�, is❑bta�n�d, and L.ender r�quires separately designa�ed payments�oward the premiums far 1V�ortgage�nsurance. �f Lender r�quired Mor�gage Insurance as a �and��i�n of making�he Loan and Borrower was required�a m.ake separately des��nated paymen�s�award th� prerniun�s for Mor�gage Insurance, Borrovver sha��pay the prem�ums requir�d�o ma�ntain M�r�gage �nsurance in effec�, or to pro��de a nan-refundable�oss reser��y UI1�1� L.�I7CI�t's requ�rem�nt for Mort.gage �nsurance ends�n acco�dance vvi�h any wri��n agre�rnent betvs�e�n Borrower and Lender pra�iding far such t�rm�na�ion or un�il�erminat��n�s required by Applicable Law. Na�h�ng in th�s Section 1�aff�c�s Borrower's o�l�ga�ion to pa�interest at the rate pro��ded in the No�e. M�rtgage Insurance re�mburses Lender�or any ent�ty�ha�pur�hase�the Note}far certain��ses ��ma� incur if B�rrow�r does no�repay the Loan as agr�ed. Borrower�s no�.a pa�t�to�he Mortgage�nsurance. Mortgage insurers e�aluate�heir to�a1 risk on all such insurance i�farce frorn t�me ta tirne, and may enter into a�reem�nts�rith other par�ies that share or rnodi�y�he�r risk, or reduce losses. These agreem.ents are an ��r��s and conditions tha�are sa�isfac�ory to the mar�gage insurer and�he ather par��ar parties}t��hese agre�rnen�s. These agreements rnay requ�re the mor�gage insurer to ma.�e�ayments us�ng an�saurce af funds that the xnozrtgage�nsurer may have available�which may inciude fund�ohtain�d from Martgag�Insuran�� pr�miums}. As a result of these agreements, Lender, a�y purchaser of�he N��, another insurer, any reinsurer, an�r other en�ity, �r any affilia�e of any of the foregoing, may re�ei�e�dire�t�y�r indir�ct�y}amounts�hat derive fram �ar might�e characterized as�a por�ian�f Sorrawer's payments for Mor�gage Insuranc�, in exchange for sharing or modifying the m�r�ga�e insurer's risk, �r r�duc�ng lasses. �f such agree�e�a�provides tha�an aff�l�ate�f Lender takes a share of the�nsurer's r�sk in�xchang�for�share of�he premiums paid to th� insurer, the arrang�rnent is often termcd "capti�e reinsuranc�." Fur�her: {a� Any such agreemen�s vvi��not affect�he amounts that Barrov�er has agreed to pay fvr Martgage Insurance, ar any o�her�erms of th�Laan. Such agreeme��w��l no�increase the amoun� Barrawer wi�l owe for�Vlortgage Insurance, and they wi�l not entitie Borrow�r to any refund. tb3 Any such agreemen�s will no�affe��he r�gh�s Borrower has-�f any�w��h respe��ta the 1Vlortgage Insurance under�he Home�wners P�rot�c�ion Act of 1998�r any o�her law.These righ�s may in��ud�the r�ght to recei�e cQr�a�n disclosures, �a reques�and�btain�ance��a��an af�h� 1VIa�•tgage Insurance, to have the Mortgage Insurance terminated au�oma�ically, andl�r to recei�e a refund of any Mortgage Insurance prexniums tha�were unearned at th��me nf such cancellat�on ar�ermination. 'l"i. Assignment vf t�l�isce[laneous Pr�ceeds; Fvrfeiture. A�1 M�scellaneous Proceeds are hereby assigned to and shall be paid to Lender. �f�he Praper�y is da.�x�aged, su�h M�scellaneaus Proceeds shall be applied to restaratian or repaix of�he Praper�y, �f the restoration or repair is�conomically f�asible and I.�nder's secur�ty is na��essen�d. I7uring su�h repai�and r�storation pe�r�ad, Lender sha��have�.he righ�to ho�d such Misce��aneous Proceeds un�ii Lender has had an oppor�unity�o �nsp�ct such Proper�y t�ensure the v��or�has been comple�ed�o Lender's NEBftASKA-Singfe Famiiy-Fannie MaelFreddie Mac UNIFORM INSTR�MENT �orrt-E 3n28 110� VMp� VMP6�NEj�13��] W�lter5 KlUwer Fin�nGia!SerViC�s Pa9��j�