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2� 1 �� 1 c�ntinu�to pay �o Lender�he amoun�of the separate�y designa�ed payments tha� were due wh�n the insurance coverage ceased�o�e in effect. Lender vw�li accept, use and re�ain these paymen�s as a nonTrefundab�e�ass reser�re in l�eu of N�or�gage�nsurance. Such Ioss reserve sha�� be non-refundab��, notwit�standxng the fact that the I.�an �s u�timat�I�pa�d in fu�I, and L,�nder sha�i not be required�o pay Barrflvwer any interes��r earnings fln such�ass reserve. Lender can no �ong�r requ�re loss r�s�rve payxnents �f N�or�gage�nsurance co�erage��n�h�an�ount and fQr�he period�ha� Lend�r requir�s}pr��ided t�y an �nsurer selected b�Lender aga�n b�comes a�ailable, is�bta�ned, and Lender requires separa�ely designat�d payments��ward�he premiums for Mor�gage�nsurance. �f Lender r�quired Mor�gage Insurar�ce as a c�nditian of mak�ng the Loan and Barrflwer was r�quire��a make separately designated payments tov�rard the premiums f�r�Vlor�gage�nsurance, Borrower sha11 pay the premiums requ�red�o ma�n�a�n N�or��age �nsurance in effect, or t�pro�id�a non-refundable�nss reserve, un�il L�nder's requiremen�far Mor�gag� �nsurance�nds �n ac�ordance with an�wr�t��n agre�nr�en�between Barro�er and Lender pro�iding for such term�na�ion ar until term�nation is r�quirec�by App�ica�le Law. Na�hing in th�� SeGtion l�affects �arrov�er's�bligat��n to pa� �nterest a�the ra�e pro�ided in the N�te. Mort�age�nsurance re�mburses Lender�or an�en�ity that purchas�s�he Not�} for cer�ain losses ��may incur if Borro�er does nat repay the L.nan as agreed. Barrower is no�a par�y�a the Mor�gage Insurance. Niar�gage insurers eva�ua�e their to�a� risk on all such insurance�n for�e from time to�ime, and may enter �n�o agreements with other parties�hat share or modify�heir r��k, �r reduce�osses. These agreements are on terms and conditions�ha�are sat�sfactary�o the m�r�gage insurer and�he o�her par�y �or par�ies� �o these agreemen�s. Th�se agreements may require the mortgage insurer to make payments using any source of funds �ha��he mortgage insurer ma�ha�e avax�ab�e�which may include funds obtained from Mortgage�nsuranc� prem�i.ums}. As a resul�of�hese agreemen�s, L.ender, any purchas�r of�he Note, ano�h�r insurer, any reinsurer, an��her ent�ty, �r an� affilia�e of an�of the foregaing, may receive tdir�ctly or indirec�l�} amoun�s �hat derxve from �or m��ht be charact�r�zed as� a port�on of Borrower's pa�men�s for Mor�gage �nsuranc�, in exchange for shar�ng or mod�fying the m�r�gag��nsurer's risk, or r�du�ing losses, If such agreem�nt pravides�hat an af�i�ate of L.ender�akes a share of�he insurer's r�sk�n exchange for a share of th�premiums pa�d �a �he �nsurer, �he arrangement is�f�en termed "captive reins�xran��." Fur�her: �a} An�such agre�men�s��ill no�affec�the amounts�hat Borrower has agre�d to pay fvr�Vlor�gag� Insurance, or any o�her�erms of the L�an. Such agreements ��ill not increase�he arnaunt Barra��ver�v��owe far Mortgage Insurance, and they wili no�ent�tle Borrower ta any refund. �b� Any such agreements w��no�affe�t the righ�5 Borrower has-if any -wi�h respect ta the �Vlortgage Insurance under�he Homeowners Protection Ac�of 1998 or any�ther Iaw. Th��r�ghts may in�lude the right to r�cei�e cer�ain disclo�ures, �o request and obta�n cancellation of the Mvr�gage Insurance, to have�he Mortgage Insurance terminated au�om.a��ca�iy, andlor to recei�e a refund of any Mortgage Insurance premiums�ha� were unearned a�the�ime af such �ance��a�ion or�ernr�anatian. �"I. Assignment of Miscellaneous Praceeds; Forfeiture. All N�isceX�aneaus Proceeds are hereby assign�d to and sha��b�paid�� L.�nd�r. �f the Property is damaged, such M�s�el�aneflus Proc�eds sha��be appl�ed�o restaration or repa�r of��e Proper��, if th�restora��on or r�pair�s economical�y feasxbie and I�.end�r's security is not�essen�d. During such r�pair and restora�ion period, Lender sha��ha�e��.e r�ght ta h�ld such Miscellane�us Pro�e�ds unti� Lender has had an�ppor�unity to insp�c�such Proper�y to ensure the work has been camp�eted�o Lender's N�BRASKA-5ingle�amily-F�nnie MaelFreddi�MaC UNf�qRM INSTRUMENT �arrr�3D28 11Di VMP[�; VMP��N�7{1342y Wolters K(uwer Financial Ser�ic�s Page 9 of 17