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� � 2� 1 ��544 continue to pay to Lender the amount af the�arately desxgnated payments t�at were due when the insurance coverage ceased to be in ei�ect. Ler�der will ac�ept, use and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance• 5uch loss rese�ve sha�1 be n�n-refundable, notwithstanding the fact that t�e Loan is ultin�.ately paid in�u11, and Lender sha�1 not be requured ta pay Borrower any interest or earnings on such loss res�zve. Lender cari no 1�nger require loss reserve payments if M�rt a e Insurance coverage�in the amount and for the period that Lender requires)provided by an gg insurer selected b Lender again be�omes ava�lab�e, is obtained, and Lende�'requ�res separate�y designated Y payments toward the premiums for Mortgage Insuran�e. If Lender required Mortgage Insurance as a condition of makin the Loan and Bvr�'ower�va�required t�make separately des�g�nated payments toward the � . remiunas for Mortgage In�suzance, Borrow�r�h�11 pay th�premiums required to main�ain Mortgage P Insurance in effect, or to pra�ide a non-refundab�e lass resezve, until Lender's requirement far Mortgage Insurance ends in accordauce with any writte�r� agree�e�t between Borrower and Lender providing for such te�rmination or until termination is required bv App�Ycable Law. N�thing in this 5e�ctian 1 U afFects Borrower's o�ligation t�pay interest at the rate p�r�vided in the N�te. Mort a e Insurance reimburses Lender[�r any en►t�tY that purchases the Note)for certain lasses it may incur � � if Borrower does not repay the Loan as agreed. Bon'awer is not a party to the Mortgage Insuranc�. Mor� a e insurers evaluate their t�ta1 risk o�all such insurance in force,fram time to time, and rnay enter � g into a eements with other parties that share or modify their risk, or reduce lasses. These agreemen►ts are�n �' terms and conditions that are satisfactory to�e mortgage insur�r arid th.�other partY(or parties}to these a ee�ments. These a eements may require the mortgage insurer to make payments usu��any source of fund� � • � ' ` in lude funds obtained from Mort age Insuran.ce that the mortgage msurer may have ava�lable�wh�ch xr�ay c � premiums}. As a result of these a eements, Lender, mny p»r�has�r of the Note, anotl��r insurer, any reinsurer, any other �' enti or an ai�'iliate af any of the forego�g, �nay rec�i�e(�ir�ctly or indirectly�amounts that der�ve from �' y • • ' a ents f�r Ni�rt a e Insurauce, in exchange f�r (or n�ght be ch�ra�ter�zed as}a port�on vf�3orrower s p ym � g sharin ar modi ' g the mortgage insure�r's ris�, vr redu�ing l�sses. �f such agreement provides that an g � . . • a f f i lia t e�f L e n d e r t a k e s a s h a r e o f t h e i n s u r e r's r�s k�n e x c h a n g e f o�'a s h.a r�o f t h e pr e m�ums p a i d t a t h e insurer, the arrangement is aften termed"captive reinsurauce." Fu r t he�r: a An sucb agreem�nts wili not affect the�maunts that B�rrower has agreed to pay for Mortgage � � y Insurance, ar any other terms of the Loan. Su�h agr�ements will not incre�se the amount Barrower will owe for Mortgage Insuramce, and they will nat entitle Borrower to any refund. b An sueh a eements will not affect t�.��-i�ghts Barrower h�s-if�ny-with respe�t to the � � Y �' Mo a e Insurance under tbe H�am.eov�n�rs Protection Act of 1998 or any other law. Tbese rigbts � g ma inc�ude the right to recei�e�ertain clisclosures, to request�nd obtain�ancellation�f the Y Mort a e Insur�nce, tv ha�e the Mortgage Insur�nce terminated automatically, andlor to receive gg a refund of any Martg�ge Insuran��premiums that were un�arned at the�ime of such cancell�t�on or termination. � Ass� nment af 1�isceflaneous Proceeds; Fvrf��ture. All Miscellaneaus Proceeds aY'e bereby assYgned t� 'f'I. g and shal�be paid t�Lender. . If the pro is dama ed, su�h Miscel�aneous Pro�eeds shall b�applied tv restoration or repair of the p�Y � Pr if the restoration or repair is•ec�nom�cally feasible and L�nder's security is not lessened. During operty, h r air and restoration eriod, Lend�r shall have the ri�t ta h�ld such Miscellaneous Proceeds until suc ep P LeYid.er has had an o ortun�ty to inspect su�h Property to e�sure the work has been completed t�Lender's PP 23�038fi491 . 0 VfiNE N EBRASKA-Single Fam i!y-Fa�r�ie M aelFrsddie M a�U N IFORM INSTR�Ni ENT� Form 3 a 2�110 i ' VMP6[NE}{�13Q2} V M P� . Page 9 of i 7 W alters Kluw er Financial Services a s .