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2� 1 ��4�3 cantinue to pay to Lender�he am�unt of�he separa�e�y des�gnated payments tha�were due when the �nsuranc��o�erage ceased�o be in effec�. Lender v�ri�l accep�, use and r�ta�n�hese pa�men�s as a na�-r�funda�l�loss reser�e�n lieu of Mortgage�n�uran�e. Such lass reser�ve sha�i be nan-refundable, notwi�hstanding the fact that�he Loan�s u�timately paid in ful�, and Lender shall no�be required��pay Borrav�rer any int�rest or�arnings on such 1os� reser�e. Lender can no�anger require loss res�rv�paymen�s �f Nior�gag��nsuran�e co�erage�in the amoun�a�.d for the per�od�hat Lend�r requires}provided b�an insurer s��ected by I.c�nd�r again becomes ava�Iable, is obtained, and Lender requires separa�eiy designa�ed paymen�s�oward t�e premiums f�r M�r�gage Insurance. �f L,ender required Mor�gage �nsurance as a cond��ifln of mak�ng�he Loan and Barrower was required t�make�eparately des�gna��d pa�rments to�vard�he premiun�.s far N�vrtgage�nsurance, Borrower shai��ay the premi.ums required�o main�ain Mor�gage �nsurance in effec�, or to pravide a non-refundabie�oss reser�e, un�il Lender's requ�remen�far M�r�gage �nsuranc��nds in accordance with any wr��ten a�reement be�ween Barrower and Lender pro�rid�ng for such t�ermi.natian or untx�tern�unat�on�s requxred by Applicabl�Law. N�thing in this Sec��on 1� affects Borrower's�b��ga�i�n to pay interest a��ze rat�prov�ded �n�he Note. Mor�gage�nsuranc��eimburses Lend�r(ar any enti�y t�.at pur�hases the N�t�} for c�r�a�n�flsses it may incur if Borrow�r does not repay�he Loan as agreed, B�rrower is not a par�y to��e Mor�gage Insuranc�. Mortgage insur�rs e�ra�uate�heir�otal risk�n a�� such�nsurance in f�r��fr�m�ime to�ime, and may enter int� agreem.en�s�vith other parties�ha�share or modif�r the�r r�sk, or reduce losses. These agreement�are an ferms and conditions�hat are sat�sfactory to the mor�gage�nsurer and the o�her par��or par�ies� to�hese agreemen�s. These agre�ments may requir�th�mortgage insur�r to make payments using any sour�e�f funds �ha��he mor�gage insurer xnay have ava�lable�which may includ�funds obtained from Mor�gage�nsuranc� premiums}. As a result of�hese a�reements, Lender, any purchaser of�he Note, an��her insurer, any re�nsurer, an�r other en�ity, or any af��ia�e�f an�r nf the forega�ng, ma�r�ce�ve �directly or indire�tly} amounts that deri�e from �or m�gh�be characterized as} a por�ion�f Borrower's payments for Mor�gage�nsurance, �n exchange for sharing�r modifying�he mortgag�insurer's risk, �r reducing �asses. �f 5uch agreemen�pr�v�des tha�an aff��a��of Lender tak�s a s�ar�of�he insurer's risk �n exchange for a share of the premiums pa�d to�he �nsurer, the arrangemen�is�ften ter�azed "cap�i�e reinsuran�e." Fur�her: �a� Any such agre�ments wil�nat affect the amounts that Borrower has agreed to pay for Mortgage Insur�r�� r�.�y ather t�rms o�th.e I�o�.n� 5��.gr��ts wi�l x�ot�n�r��s�t�.��x�na��t Borrower w��owe For Mortgage Insurance, and they w��l nat entitle Borravver�o any refund. �b� Any such agreements w�l�not affect the r�gh�s Borrower has-if any-with respect to the Martgage Insurance under the Homeown�rs Protect�on A��of 1998 ar any o�her�aw. These�r�ghts may inc�ude tbe r�ght to re�ei�e cer�ain disc�o�ures, to request and obtain cance��at�an of the �Vlox-�gage Insurance, to ha�ve the�Vlortgage Insurance t�rminated automa�ica�ly, andlor t�receive a refund vf any Mar�gage InSura�ce prem�ums that were unearned at tbe�ime of such cance��a��a�or terminatian. ��. Assignment of Miscellane�us Proceed�; Forfe�ture. A1� M�sce��aneous Pr�ce�ds are h�reb� ass�gned tv and shal� be paid�o I�nder. �f�he Proper�y�s d�ageci, such Misce�laneous Proc��ds shali be applied�o res�orat�on�r repair of�h� Proper�y, rf the restorat�on or repa�r�s e�onom��a��y feasii��e and Lender'� securi�y xs not I�ssened. During such repa�r and res��ra�i�n p�riad, Lender sha��ha�e�he r�ght to h��d such Miscellaneous Pra�eeds unti� Lender�aas had an o�portunity to inspec�su�h Property to ensure�he w�rk has been co�m.p�e�ed ta Lender's N�BRASKA-Single Family-�annie MaelFre�d'€e Mac CJNf�aRM INSTRUMENT Fvrrrz 3�2$'f 101 VMP Q VMPG[NEI{13Q2j Wv#ters Kluw�r Financiat Ser�ices Page 9 af'�7