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��15��7�5 can�inue to pay tfl Lender�h�am�un�af�he separate�y designated payments that were due when the �nsurance co�erage ceased to b� in effect. L�nd�r vvil�accept, use and r��ain�hes�paymen�s as a nnn-refundab�e�ass r�scr�e in�ieu�f Mor�gage�nsurance. Su�h loss reserve shal�be n�n-re#=undab�e, notvvz�hs�and�ng�he fact that the Loan�s ultimately paxd in fu��, and I,end�r 5hali not b�required ta pay Borrov�er any �n�eres��r�arnzn�s�n such Ioss reserve. Lender�an no longer require loss reserve paym�nts if Mor�gage insuranc�coverage��n the amount and for th�pe�r��d that Lend�r requires�pr�uided��an insuarer selec�ed by L.�nder aga�n��c�mes availab�e, �s�b�ained, and Lender requires separat�ly designa�ed payments taward the prern�ums for Mor�gage�nsuranc�. �f L�nder required Mor�gage�nsuran�e as a ` cand�t��of rnaking the Loan anci Borrower was requ�red to mak�s�parat�ly designated payrnents taward�he prem��iums for Mortgage�nsurance, Barrower shall pa�r th�premiums requ�red t�maintain Mortgage �n�uran�e in cffcct, or�a pra��de a n�n--refundable lo�s reserve, until Lend�r's requirement far Mortga�e �nsurance ends in acc�rdan�e with any wri�ten agreemen�between gorrower and Lender praviding f�r suGh �erminat�on or un�i�tcrminati�n is required�y Appl�cable Law. Nothing�n this Section 1� affects B�rrawer's ob�igati�n to pay in�erest at�he ra�e prav�ded in�he�ote. Mor�gage Insu�anc�rexmburses L.ender(ar any ent�ty�hat purchases the I�I�ate} for certain losses it ma�incur if Borrower does not repa��he Laan as agreed. Barrav�rer�s n4�a par�y�o the Mor�gage�nsurance. Mor�gage insurers evaluate�heir tQtal ri�k on ail such insurance in far�e f�am tirne to time, and may enter �nto agre�ments with a�h�r parties that share or modify the�r r�sk, or reduce Iosses. These agreemen�s are an terms and conditions�hat are satisfactor�to the rn�rtgage insurer and�he ather pa�ty �or par��s} ta these agreements. The�e agreements rnay require the mor�gage insurer�o make payrnents using any sour�e of funds that the mortgage insurer may ha�e ava��able�which may ine�ud�funds obtained from Mortgage insurance premium�}. As a result af�hese agreem�ntsa Lender, any purchaser of�he l�o�e, ano�her�nsurer, any re�nsurer, any�ther entity, �r any af�iliate of any af the foregaing, may rece�ve�dire�tl��indir�ctl�� amaun�s that derive from �or rnigh�b�charac�erized�s} a por�ion of�orzower's payments for Mor�gage�nsurance, in exchang�f�r sharing or modifying the m�rtgage�nsurer's risk, or reduc�ng Iosses. If such agzeemen�prov�des�hat an aff�l�a��L�nder takes a share af the insurer's risk �n exchange far a share af�h�pxemiums pa�d to th� �n�urer, the arrang�men��s�f�en t�rmed "capt�v�re�nsuran�;e." Fur�her. ta3 Any such agreernen�s w��l not affec�the amoun�s tha�13orrower has agreed to pay For M�rt�a�e Insuran�e, or any ather terms oF the Laan. Such agreemen��wxll no�increase the amau.nt Borrawer wi��owe far N�ortgage In�uran��, and they wiil no�entitle BQrrower�o any r�fund. t b} Any such agreemen�s w�li not affe�t the r�ghts B4rrower has-if any-with respect ta the Mar�gage InsuranCe under�he�Ivmeawners Pro�ection Act of I998 ar any a�her�aw. These rights may inc�ude�he righ�to re�e�ve cer�ain d�s��sures, �o request and obtain cancel�at�on of�h� Mor�gage In�urance, ta ha�e�he Martgage Insurance termi na��d automatically,andlar f:o r�ce�ve a refund of any Mortgage Insurance pr�miums that wer�uncarned at the time�f such cance��a�ion or�ermina#ian. 'I�. Ass�gnment ❑f �li�s�ei�aneous Praceeds: Fvrfeiture. AI�Miscel�aneous Pr�ceeds ar�hereb�as��gned ta and shai� be paid�o Lender. �f the Property is damaged, such M�sGe��aneaus Proceeds shal�b�applied t.a restoration or repair af�he Proper�y, if�he restora�ian or repair is ec�namicall�feasible and I.end�r's securi�y is not lessen�d. Du�ing suGh repair and res�aration periad, I..ender sha��ha�e the righr ta hoid such Miscellane�us Proceeds unt�I I.�:nder has had an�ppar-�.unity to inspect such Praperty ta ensure�he work has been Comp�eted ta Lender's NE8RA5KA-Single Family-Fannie Mael�reddie Mac�NIFDRM INSTR�M�NT F�rm 3a28 11�1 1�MP Q VMP��N�][i 3Q�i Wa�ters Kluwer Fir�ancia!Services �'�9��f��