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2� 15�77�4 c�n�inue ta pay to Lender th�am�unt of�h�separa�ely designa�ed payr,�e�ts�hat were due when the �nsurance coverage ceased �a be�n effect. Lender wil� acc�p�, use and re�ain�hese paymen�s as a non-refundab�e�oss reser��in lieu�f Martgage�nsurance. Such�oss r�serve sha�l be n�n-refundable, not�vi�hstanding the fact tha��he Loan�s ul�ixnately paid in fu��, and L�nder shall n�t be requ�red�o pay Borro�ver ar�y inter�st or earnings �n such �oss r�serve. L�nder can no �onger r�qu�re loss reserve paynlen�s if Mor�gage�nsurance coverage�in�he amflunt and for the per��d tha�Lender requ�res}prov�ded by an insurer se�ect�d by Lender aga�n b�comes a�ailable, �s ab�ained, and Lender requ�res separa�ely d�si�nated payments toward�he prem��.ums for Mor�gage�nsurance. If Lender r�quired Mortgag�Insurance as a c�nd�ti�n af making the Loan and Barro�ver v�as required�o make separately designated paymen�s t�ward th� premiums for Martgage�nsuranc�, B�rr�wer shall pay�he premu.ums requ�red ta maxn�a�n Mor�gage �nsurance in effect, or to provide a non--refundab�e lnss r�serve, until Lender's requirement f�r Mor�gage �nsurance ends in accordance w��h an�r wri��en agreement between B�rrower and L.�nd�r pr�viding for such �erm�na�ion or un�i1 term�na�i�n is required by App��cable Law. Nothing in this Sec�i�n l.D affects Bo�rr�w�r's�b�igat�on to pay int�rest a��he ra�e pr�v�ded �n th�Na�e. Mor�gage Insurance re�mburses I.�nder��r an�entity that purchas�s�he N�te} for c�rtain�osses it may incur �f Borrawer d�es no�repay�he I.oan as agreed. Borrower is n�t a par�y t��h�Mor�gage Insurance. M�r�gage xnsur�rs e�a�uate�hexr tata� risk on a�� such insurance�n farce fram tim��o�ime, and may en�er �nto agreem.en�s wzth��her par�ies�ha�share�r mod�fy�he�r r�sk, or reduc�losses. Th�se agreements are�n terms and condi�i�ns that are satisfactor�r to�he mortgage insurer and�he oth�r par�y �or par�xes} �o thes� agreements. These agreements may require the mar�gage insur�r to make paymen�s using any saurce of funds �ha��he mor�gage insurer may ha�e a�a�lab�e��vhzch may �nc�ude funds ob�ain�d from N�or��age�nsuranc� pr�rniums}. As a result of these agreements, Lender, any purchaser of�he Nate, another insurer, an�r�insurer, any n�her enti�y, or any affil�a�e of an�r af the foregoing, may r�ceive�dire�tly or ind�rec�ly} amoun�s tha�der��e fr�m �or m�.gh�be character�zed as} a p�r��n of B�rro�ver's payments f�r Mor�gag��nsurance, in exchange for shar�ng or m.odifying th�mor�gage insurer's risk, �r reducing lo�ses. �f such agre�ment pro��des that an af�liate of Lender�ake�a share of the insurer's risk in e�change for a share of�he premiums paid�o �h� �nsurer, �he arrangement is often�ermed "cap�ive reinsurance." Fur�her: t a 3 Any su�h agreemen�s vvi�l not affect the amaun�s that Barrower has agreed to pay for Mor�gage Insurance, or any other terms of the Laan. Such agre�ments w��l not increase the amount Borrow�r wili owe for Mortga�e Insurance� and they vvili not enE�tle B�rrawer to any refund. �h� Any such agreements w��nflt affect the r�gh�s Borrovver has-if any-with respect ta the Mortgage Insurance under the Home�wners Protec�ion Ac�of 1998 or any ather�aw. The�e righ�s xnay�nc�ude the right�a receive certa�n d�sc�osure5, �o request and obtain can�el�at�on af�he Mor�gage Insurance, ta have�he Nsortgage Insurance�erminated automa�ical�y, andlor to receive a refund of any 1Vlor�gage In�uranc�prem�ums that were unearned at the�ime of such cancel�at�an or terminatian. ��. Ass�gnment �f Niisce��ane�us Proceeds; Forfei#ure. A11 M�scellaneous Proce�ds are here�y assign�d�a and sha��b�pa�d to Lender. If the Proper�y is damaged, such Miscel�aneous Proceeds shall be appX�ed�o res�oratian�r repair�f the Praper�y, if the restorat�on or repair�s ecanomicaily feasib�e and Lender's securi�y �s ��t Iessened. During such r�pa�r and restoration period, Lende�shal�ha��the right�o ha�d such Misce��aneous Procee�s un�il Lender has had an appor�unx�y tQ inspect such Pr�per�� o ensure the work has be�n compl��ed t� L.�nder's NEBRASKA-5�ngl�Fami(y-Fannie MaelFreddie Ma�L1NI��RM INSTRUM�NT Farm 3n28 1141 VMP Q VMP6tNE�{13Q2� Wafters Kl�wer Financial Ser�ic�s Page 9 af 17