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2� 1 �� 1853 c�nt�nue�o pa��fl Lender�he am�unt af�he s�parate�y designat�d paymen�s that were due when the �nsurance co��rage ceased to be�n effec�. Lend�r w�li accept, use and re�ain these pa�ments as a non-r�funda�le�oss reser�e�n�ieu of Mor�gage Insurance. Such�oss reserve shal�be non-refundab�e, no��r��hs�and�ng the fa�t tha�th�L�an is u��ma�ely paid in fu�l, and L�nder shai�no�b�requir�d�o pay Borrower an�in��rest or earnings on such l�ss reserve. Lender can no longer requ�re�oss reserve payrn�n�s if N��r��age�nsuran.ce c��r�rage��n the amoun�and for�he p�riad that Lender requires}provid�d by an insurer s��ec�ed by L.ender again b��mes ava��ab�e, is o��ained, and L�nder requires separa�e�y designa��d paymen�s�oward the prem�.ums for Mor�gage�nsurance, If Lender required Mor�gage�nsurance as a cond��on of making th�L�an and Borrow�r was requ�red��make separa�ely des�gna�ed paymen�s�award th� pr�m�.um�s f�r Mor�gage�nsurance, Borrow�r shall pay th�premuums required to ma�n�ain M�rtgage �nsuranc�in�ff�ct, ar to provide a non-refundable�oss reserve, un�� Lender's requiremen� for Mortgage �nsurance ends in ac�ardance with any�vri�ten agreernen�between Borrovver and Lender pro��d�ng for such �ermina�i�n ar unt��te�rn�natian�s required by Appli�ab�e Law. Noth�ng in�his Sec��an ��affects Borr�wer's a��xga��on to pay in��rest a��he ra�e prowided�n�he N��e. Mortga�e Xnsuranc�r��mburses Lender��r any en��t�that purchases the No�e} for c�rtain�osses i�may xncur �f Borrawer daes no��epa�the L.aan as agreed. Borrower�s n�t a par�y to�he N�ar�gage Insurance. Mortgage insurers eva�uate��eir to�a� risk on a�1 such �nsurance�n force from�ime�o t�me, and ma�en�er �nto agreements wxth other par�ies that share or mod�fy th�ir r�sk, or reduce�osses. These agreem�nts are on �erms and cond�t�ans tha�are satisfactory�o�he mar�gag��nsurer and the other par�y �ar par��es}�o�hese agreements. These agreem.ents�may re�uire the mor�gage�nsurer�o mak�paymen�s using any source of funds that�he mortgag�insurer ma�ha�e a�ra�Xable�which ma�ine�ud�funds ob�a�ned from Nlar�gage Insurance prern�ums}. As a result�f�hese agre�men�s, Lender, any purchaser of the Note, another�nsurer, an�reinsurer, any other �n�ity, ar an� affi��ate af any of�he forega�ng, may receive�directly�r�nd�r�ctly� amounts�hat derzv�from �or m.�.ght be character�z�d as} a por�i�n af Borrow�r's paymen�s for M�r�gage�r��uran�e, in exchange f�r s�.ar�ng or mad�fying�he mor�gage�nsurer's risk, or reduc�ng losses. �f such agreemen�pr�vides�hat an affi�ia�e of Lender takes a share of the insurer's r�sk in�xchange for a�hare of�h�premiums paid�a�he insurer, �he arrangemen�is often termed "capt�ve re�nsurance." Furth�r: �a} Any such agreement�w��no�affe��the amounts that Borrow�r has agreed ta pay far Nlortgage In�urance, or any o�her terms oF the Laan, Such agreemen�s wi��na�increase the amaunt Borrower wili owe far Martgage Insurance, and they w�il not entit�e�orrower to any refund. �b} Any such agreements w��not affect the rights Borrower has-�f any�w�th respect tv the Mor�gage Insurance under the Homeowners Pratection Act af 1995 or any other law. The�e r�ghts rnay include the righ�to rece�v�certa�n disc�asures, ta reque�t and obtain canc��lation af th� Mortgage Insurance, �o have�he NTor�gage Insurance t�rminated automatica��y, andlor to receive a refund of any Mortgage Insurance prern�ums�hat vvere unearned at th�t�me of such cance��at�on�r term�nati�n, 't 1. A�signment of M�sGe��anevus Praceeds: F�rfeiture. A�l Miscellaneflus Proceeds are her�by ass�gned�a and sha��be paid�a Lender. �f�he Proper�y ��danlaged, such M�sc�liane�us Proc�eds shal�be appl�ed�o restarat�on or repair of�he Prope�-�y, �f the restora��on or repair�s econorxll�al�y feas��e and Lender's secur��y is not l�ssened. During su�h repair and res��ration period, Lender shail ha�e�he r�ght�o ho�d such Miscel�aneous Proceeds unt�� L.ender has had an�ppor�unity t� inspec�su�h Pr�per�y�a ensure the work has been c�mpl��ed to Lender's N�8RA5KA-Sir�gfe�amiIy-F�nnie Ma�IFreddie Mac tJNt�ORM INSTRIJMENT Farm 3�Z8 71�1 VMP[�] VMPfi�NE}�'�3a2f Wolters K€uw�r�€nancial Ser�ices Page 9 0#17