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2� 1 ��3135 con�inu�to pay to Lender�he amoun�of�he separate�y d�signated paym�nts�ha�were due vvh�n the insurance co�erage ceased�o be�n effect. Lender wi1� ac��p�, use and r��ain these paymen�s as a non-r�funda��e��ss reserve in�i�u of Mortgage�nsurance. 5u�h loss reser�e shall be non-refunda�le, not��r�th��anding�he fac�that the Loan �s ul�imately paid in fu�l, and Lend�r sha�l not b�required�o pay Borra�uer any �nteres�or earn�ngs on suc�lass reserve. Lender can no �onger require loss reser-�e paymen�s if Mor�gage�nsurance co�verage t�n the amaun�and for�he period that Lender r�quires}pravided by an insurer�e��cted by Lender again�ecames ava�la��e, �s obta�ned, and Lender requires s�para�e�y designa�ed pa��nent� toward�he prem�u�ns for Mortgage�nsurance. If L�nder re�uired Mortgage�nsurance as a conditian�f mak�ng the Loan and Borraw�r vvas required to mak�separately designated pa�rments toward �he premiums for Mortgage�nsurance, Borrou��r shal� pay �he premiums required�a maintain Mor�gage Insurance in eff�c�, or to pr�Wide a nan-�refundable loss reser�e, until Lender's requir�men�for M�rtgag� �nsurance ends in accordance v�ith any written agreemen�between Borro��r and Lender pravidi�g f�r such termination or until �ermination is r�quired by App�icable Law. Nothing in�h�s Se�t�on 1[�affec�s Borrower's obligation to pa�r interes�a��he ra��pr�v��e�i in tihe Note. Mor�gage Insuran�e reimburs�s Lender�or an�en�i�y that purchases the Nflte} f�r certain�os�es it may incur if Borro�er d�es not repay�he L.�an as agreed. Barrovv�r is not a par�y�o�h�N.�a�gage�nsurance. Mar�gage�n�urers e�ra�ua�e�heir�otal risk�n all such insurance�n f�rce from time��ime, and may enter �nto agreemen�s vvi�h o�her par��es that share or modify �heir r�sk, ❑r reduce�osses. These agreem�n�s are on �erm�and condi��ons�ha�are satisfactory to the mortgage insur�r and�he o�her par�y�or parties� �o these agr�emen�s. These agr�emen��rnay require the�martgage insur�r t�make�ayments using any source of funds tha�the mortgage insurer may have a�a��able ��trvhich may inciude funds abtarned from MorCgag��nsurance prem�ums�. As a resul�of�he��agreements, Lender, any purchas�r of the No�e, another insurer, any re�nsurer, any oCher en�i�y, �r an�affi�iate of ar�y of the farego�ng, n�ay recei��d�rect��r ind�rect�y3 anz�unts�hat deri�e from �or migh�be�harac�er�zed a�} a por�i�n�f Bor�ower's payments for N�or�gag�Insurance, in exchange far sharing or mod�fying the mor�gage insurer'S ri5k, ar reduc�ng �osses. If such agreement pro�ides �ha�an affilia�e af Lender�akes a share of t�e insurer's risk in exchange for a share of the premiurns pa�d�o �he �nsurer, the arrangemen�is often�ermed "�ap��e re�nsuranc�." Further: �a� An�su�h agreemen�s v��il�not affect the amoun��hat Borrawer has agreed to pay for Mortgage Insurance, flr any��her terms af the Loan. Such agreemQn�s wili not increase the amount Borrawer wi�l owe for Mortgage Insuranc�, and�h�y w�I�not en��e Borrower to any refund. �b� Any such agreemen�s vvill not affect�he righ�5 Bnrr�wer has-if any-with respect�o�h� Mvrtgage Insuran��under the H�meowners Prv��ction Act vf 199$ar any oth�r�av�v. The�e rights may inc�ude the r�ght�o recei�e certa�n disc�osure,�, �o request an.d ab�ain�ancel�a��an of the Nlortgage InsurancQ, �o ha�e the�Vinrtgage Insurance term�nated aut�mati�al�y, andlor ta re��i�e a refund of any Mortgage Insurance premiums that were unearned at the t�me of su�h can�ellation or t�rminatian. 'I'I. Ass�gnment of �iscellanevus Prviceed�; Fnrf��ture. All N.��sce��aneous Pro�eeds are hereb�assigned to and sha��be paid ta L�nder. �f the Praperty is damaged, such Mis�e��an�aus Proceeds shali �e applied�o restoration�r repair of the Property, if�he resfarat�an or repair�s ec�namica�ly f�asible and Len�er's securi�� is n��lessened. Dur�ng such repa�r and restora�i�n period, L�nder shall ha�e the right to h��d such Mis�e�Ianeous Proc��ds until Lender has had an opportun�ty to inspect such Proper�y �o ensure the work has been completed to Lender's N�gR9SKA-S�r��te�arni[y-�ar��e MaelFredcfie Mac UNIFORM[NSTRUM�NT - � � �or�-t 30Z8 11Qi VMP� VMP6[N�3 t130�) WO��CS KIUW�i'FEil�f3C12�I SBfVIC�S Page 9 0#17