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2� 15�77�5 continu�to pay to Lender�he amaunt of the separa�e�}�des�gna�ed payments �hat were due wh�n the insuranc�ca�erage ceased��b��n effect. Lender w��l ac�e�t, use and re�ain�hese paymen�s as a non-refundab��oss reserve in li�u of Mar�gage Insurance. Such lass res�rve sha��be n�n-r�fundable, notwi�hstand�ng the fact that�he Laan is u1��ma�e�y paid in fu��, and L�:nder sha��not be requ�red�a pa�r Borr�wer any inter�s�or earnzngs on such loss reserve. Lender can na longer requ�re 1o�s reser�e payments xf Mflrtgage Insuranc�co�erage�xn the amaunt and for the period�hat Lender requ�res}pro�ided by an insurer sele��ed by Lender aga�n b�c�mes ava��ab��, �s obtain�d, and Lender requires separatel� designat�d paymen�s tov�ar�the prem�um�f�r Mor�gage�nsurance. If Lender required Mar�gage�nsurance as a cond��n�f ma�ing the Loan and B�rrov�er v�as required to make s�parate�y desxgnated paym�nts t�ward the pr�m�ums for Mar�gage Insurance, Barrawer sha��pay�he premiums requ�re�.to maintain N�or�gage Insurance in effect, �r�a prov�de a nonµrefunda��e�oss reser�e, until Lender's requ�rem�nt for Mar�gage �nsurance ends in acc�rdanc�w�th any written agreement between Borrower and Lender pra��d�ng for such �ern�na��on or un�i��erm�na��n�s requ�red by Appl�cab�e Law. Nothing in thxs Sec�ion �4 aff�cts Borrower's ob��gati�n�o pay interes�at the rate provided in th�Note. N�or�gage�nsurance reimburs�s Lender�or an�en��ty tha�purchas�s the N�te} for certain�osses it may incur if Borrower d�es not repa�the Loan as agree�.. Barrov�er is not a par��a the Mor�gage�nsuranc�. Mortgage insurers�valuate�he�r t�ta1 risk on a�I such�nsurance�n farce from time to��me, and ma�en��r �n�a agreements v�ith�ther par�ies�hat share or mod�fy th�ir risk, or reduce�osses. These agreem�nts are on �erms and cond��ons that are sat�sfac�ory �a the mar�gage�nsurer and�he other par�y �or par�ies}�o these agreem�ents, These agreemen�s may r�qu�re the mor�gage�nsurer to make paymen�s us�ng any s�urce�f fixnds that the�r�.ortgag�insurer may have availab�e �wh�ch may inc�ude funds ob�ained fram Mortgage�nsurance premiums}. As a resu�t�f these agreemen�s, Lender, any purchas�r�f�he Note, anather insur�r, any re�nsur�r, any other enti�y, or an.y affi��ate�f any of the faregoing, may re�eive�d�rectly ar ind�recfly} amaunts�hat derive fram �or migh�be character�zed as}a��r�ion of Borrower's pa�men�s for Mor�gage Insurance, in��change for s�.ar�ng or m�d�fy�ng the mar�gag�insurer's risk, or reducing losses. �f such agreemen�provid�s�hat an affi�ia�e of Lender�akes a share of�he xnsurer's risk�n exchar�ge far a shar�of the�remiums pa�d to�h� insurer, �he arran�enlen�xs of�en�ermed "captive reinsurance." Further: 4a� Any such agreements w�Ii not affec�the amounts that Borrawer has agreed to pay for Mortgage In�urance, or any other terms of the Loan. Such agr�ements wil�nat�ncr�a�e the amoun� I3orraw�r w��o�ve for M�r�gage Insurance, and they �v��l not enti��e Borrower to any refund. �b} Any such agreements w�il not affect the r�gh�s Borro�ver has�if any-wi�h respec�to the �Vlortgage Insurance under�he Ilameawners Protec��on Act af 1998 ar any other�aw. These r�ghts may�nclude the righ�to receiv�c�rtain disclosures, to request and obta�n cance��ation of the Mortgage Insuran�e, to have the�Vlortgage Insurance terna.�nated automat�ca��y, andlor ta receive a refund of any Mortgage Insurance premiums that w�re unearned at the t�m�af such cancellat�on or term�nat�an, �'I. Ass�gnment of Mis�ellanevus Proceeds, Fvrfeiture. Ali M�scel�an�ous Pr�c�eds are hereby assigned�o and sha��be pa�d t� Lender. �f�he Proper�y is damaged, sueh Misce�laneous Pr�ceeds shall be applied�o restorat�on ar repair of the Praper��, xf the r�storat�on or repair is�conomu.�all� feasib�e and Lender's se�uri�y �s not lessened. Dur�ng such repair and restara�ion per�od, Lender sha�l ha�e the right to hald such M�scellane�us Proc��ds un�� Lend�r has had an oppor�un�ty�fl inspect such Property to�nsur��he work has heen comple�ed�o Lend�r'� N�BRASKA-Single i�amily-Fannie MaelFreddie Mac UNIFORM tNSTRl1M�NT �orm 3428�147 VMP Q VMP6[NEy(i 3�Zy Wvlters Kfuwer Financial Ser�ices Page 9 of#7