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��1 5��7� continue to pay ta Lender the amount af the s�parate�y designated paymen�s that vvere due vvhen the insurance c�verage cea�ed to be�n effect. L,ender v�ril� accept, use and retain�hese paymen�s as a nan-refundable lass reserv��n�ieu af Mortgage�nsuranc�. Such ��ss reser�e shall be nan-refundable, notwi�hstanding�h�fact tha�the Loan is ultimately paid in futl, and Lender�ha11 not be required to pay Borrower an�in�er�st or earnings on su�h loss reser�e, L�nder can na longer require Ioss reser�e payments if Mor�gage Insurance co�erage��n�he amoun�and for the period that Lender requires}prov�ded b�an insurer selec�ed b�r Lender aga�n becames avai�ab�e, is abta�ned, and Lender requires separa�ely designa�ed payments ta�vard the premiums for Mor�gage�nsuranc�. If Lender required Mar�gage�nsurance as a conditian of making the L.oan and Bfl�-�-ower�vas required to make separately designated paymen�s tflward the premiums for N�ort�age Insurance, Barrower shall pay�h�premiums requ�red to main�ain M�r�ga�e ��urance in effec�, or ta provide a nan-refundab�e I�ss reserve, unt�l Lender's requir�rnent far Mor�gage �nsurance ends in accordance�ith any wr�tten agreement b�tvveen B�rrower and Lender pra�iding for such t�rminatian ar un��x terrninatian�s required b�Applicable Law. Nothing in this Sect�on 1�affects Borr�urex's obliga�ion to pay interes�at the ra�e pro�rided in the Note. Mortgage�nsurance reimburse� Lender�or any ent�� that purchases�he N�te} far cer�azn l�sses it ma�incur if�orrawer does nat repay�he Loan as agreed. Borrower is no�a par�� fl the Mor�gage Insurance. Mar�gage insurers evalua�e their#��ai risk on a��such insurance in force fram time to�ime, and ma�enter in�o agre�ments with other parties�hat share or mod�fy their�r�sk, or redu�e losses. These agreet��ents ar�a�� terms and conditians that are satisfac�ary to�he mor�gage insurer and�he other party��r parties�t��h�se agreements. These agreements may r�quire th�rnor�gag��nsurer ta make pa�ments us�ng at�y sour�e of funds �ha��he mor��age insurer may have a�ailable�which may �nc�ude funds obtained f�rom Mortgage Insurance pr�miums}. As a result of�hes�agreemen�s, Lender, any purchaser of t�e�ot�, another insurer, an�reinsurer, an�a�her enti�y, or ax�.�aff�lia�e of any�f�he f�regoing, may rece��e�directl�or�ndir�ctly}am.ounts tha�deri�e from �or might be characte�r�zed as}a par�ion of Borr�wer's paym�n�s fnr M�rtgage Ynsuran�e, in exchange f�r shar�n��r madifyin�the nZor��age insurer's risk, or reducing Iasse�. �f such agr�ernen�pro�rides that an affi��a�e af Llender takes a sha�e�f th��nsurer's�r�sk in�x�hange far a share of the prerniums�aid to�he insur�r, the arrangernent i� of�en termed "cap��e reinsurance." Fur�her: �a� Any such agreemen�s�v��nat affec��he amnu�ts�hat B�rrflw�r has agr�ed to pay for Mortgage Insuranc�, vr any o�her�erms of�he Loan. Such agreem�nts w��I not�ncreas��hc arnount Borrower vv�ll owe for Mor�gage Insurancey and they will not en�i�i�Barrower tn any r�fund. �h3 Any�uch agreemen�s w��l not affe�t#.he righ�s Borr�wer has-�if any-w��h respect�o the 1Vlortgage Insurance under#he I-�omeawners Protec�ion Act�f 1498 or any��her law. These rights rnay include the righ�to receive certain di�c�o�ures, �.o requ�s�and��ta�r�cance�latii�n af the Mortgage Insuran�e, to ha�e�he Mor�gage Insurance term�na�ed automatica��y, andlvr�o rece�ve a refund of any Martgage In�uran�e premiums�hat were unearned a�.�he�ime of�uch cancellat�on vr�erminatian. '��. Assignrnent �f M�sce��an�ous Proc�eds: Fvrfeiture. A11 Miscel�aneous Proc�eds are h�reby assi�n�d to and shall�e paid to Lende�-. �f�.he Propert�r is damaged, such M�scel�aneaus Proceeds shall be appi�ed to res�oration or r�pair of the Praper�y, if�h�r�stora��n ar repair is��onomically feas�b�e and I.�nd�r's security is not l�ssen�d. During such repair and res�ora�ion periad, Lender sha��have�he righ��o ho�d such N��sce�laneous Proceeds un��I Lender has had an�ppor�uni�y Co�nspect such Prope�rt�t��nsure the work has been completed to Lend�r's N��RASKA-5ir�gle�ami�y-Fannie Mael�reddie Mac UNIFQRM INSTRIJM�NT �flr�3d28'!1�'� VM�Q VM�'fi{NEf{'13�2i Wolters Kluwer�inan�ial 5ervic�s Page 9 of 17