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2� 1 ��3477 cont�nue to pay to �..�nder the a�maunt af�he separa��y designa�ed pa�ments�hat were due when the �nsurance coverage ceas�d�o be�n effec�. Lender v��l� accep�, use and re�a�n�h�se paymen�s as a non-refundab�e�oss reser�e in��eu of N�or�gage Ins�rance. Such loss reser�re s�.a��be non-refundable, no�wi�hs�and�ng�he fac�that the L�an is ultimately pa�d in fu��, and Lend�r shall not b�r�qu�red ta pay Borrawer any �n�eres�or earni�zgs on su�h�oss reserve. L�nd�r can n� langer requ�re loss resez-v�paym�n�s �f Mor�ga�e�nsurance cov�rage�in�h�amoun�and for�he period tha�I,�nder requires�prflv�ded by an. �nsurer se�ec�e�.by Lender again bec�mes available, �s obta�ned, and L�nder requires separate�y designa�e�i pa�ments t�ward the prem�ums far Mortgage Insuran�e. �f Lender required Mortgage�nsuran�e as a condi��on of m�.akxng�he L�an and Borr�wer was requ�red to rnake separa�ely designat�d pa�men�s toward�he �remiums for M�r�gage�nsurance, Borr�v�rer sha11 pay the prem�ums requ�red to mainta�n Mor�gage Insurance�n�ffec�, or t�pravi�e a non-refundab�e loss res�r�e, un�i� L.end�r's requirement for Mortga�e Insuran��nds in ac�ordance with an�wr�tten agreem�n�betv�reen B�rr�vver and L�nder provid�ng f�r such �erminatian or un�i��erm�nat��n is requ�red b�r Applicable Law. Nathxng in th�s �ec�ion ��affects B�rr��ver's obl�ga�ion to pay in�erest at the ra�e pr�vided �n�he N�t�. Mortgag��nsurance reimburses Lender tor an�ent��y�hat purchases the Nate} for cer�ain losses ��ma� incur �f Barrower daes no�repay the Loan as agr�ed. Barrower�s no�a par�y to the Mor�gage�nsurance. M�r�gage insurers eva�uate their t�tal risk on al� such insurance in farce fr�m t�me to�ime, and may enter in�fl agreements wi�h oth�r part�es that share or rx�od�fy�h�ir�r�sl�, or reduce�osses. Th�se agreements ar��n term.s and c�nd�t��ns that are�a��sfactor��o the mor�gage xnsurer and the other party �or parties} to�.h�se agreemen�s. These agreem�en�s may r�quire the mar��age insurer to mai�e payrnen�s using any source af funds tha�the m�rtgag�insurer rx�ay ha�e a�a�iab�e �u�hich may inc�ude funds nbtained from Mor�gage Insurance prernuums}. As a resu��of�hese agreemen�s, L.ender, any purchaser af the No��, another insurer, any reinsurer, any ather en�ity, ar an�af�lia�e�f any flf�he foregoing, may rec�ive�d�rec�i�or xndirect��} amoun�s�.ha�deri�e from tor m�.ght be charac�erized as}a pnr�i�n of Borrower's payments far Mortgage Insurance, in�xchange for sharing or m�.odify�ng the mortgage insurer's r�sk, or r�ducing�osses. If such a�reemen�pravides that an affiliate of Lender�akes a share of the insurer's risk�n e�change for a share of�he premiu�ns paid�o�he �nsur�r, �h�arrangement is of�en terme�. "captive re�nsurance." Fur�her; �a� Any such agreements wil�not affect the amounts that Borra�ver has agreed to pay for Mortgage Insurances or any other terms af the Lvan. Such agreemen�� w�ll not�ncrease the amount Borrower wil�owe for Mortgage Insuran�e, and they wi�l not ent�t��Barro►wer to any reFund. �b� Any su�h agreemen�s wil�not affect the r�gh�s Borrawer has--if any -with respec�to�he Mort�a�e Insurance under the I�omeowners Pro�ection Act of 1998 flr any other�aw. These r�gh�s may�nc�ude�he right to recei�e cer�a�n disc�osures, �o requ�s�and ab�ain cancel�at�on of the IVlortgage Insurance, to ha�e the 1Vlortgage Insurance termina��d automatically, andlor to rece��e a refund af any�Vlar�gage Insurance prem�um�that were unearned at�he��me of such cance�Ia�ion ar term�nat�on. ��. Ass�c�nment flf IVliscel�aneous Pro�ee�s; F�rfeiture. A1I Misc�llaneous Proceeds ar�hereb�r assigned ta and sha��t�e paxd ta I.ender. �f the Property �s damaged, such MisGeiianeous Pr�ceeds �ha��be app��d to res��ra��n or r�pa�r af th� Prnper�y, if th�restoration or repa�r is econom�i.�a��f�asib�e and Ilender's secur�ty �s nat�essened. During such repa�r and res��ration periad, Lender shall ha��the r�ght t�hald such Misc�Iianeaus Proceeds untii Lend�r has had an oppor�unity�a �nspe�t such Praper�y�o ensure�he work has been c�mpl�ted to Lender's NEBRASKA-5ingle Family-Fannie M��I�rc�ddi�M�c LJNiFDRM lNSTRUMENT �arr�n 34�8 1141 VMP� VMP6ZNE}{'f 3Q�y Wolters Kluwer Financial Ser�ices Page 9 af 17