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2� 1 ��358� c�n�inue to pay�o Lender the amoun�af��e separate�y d�signated pa�men�s�hat were due wh�n�he �nsurance coverage c�ased ta be in�ff�ct. L�nder wiii accept, use and reta�n�hese payxnents as a non-refundab��oss reser�e in�ieu of Mortgag��nsurance. Such Ioss res�r��shal�be n��-refundab�e, no�withstanding�he fact�hat the Laan�s ultimate�y paid in fu�l, and Lender shall n��he required�o pay Borrow�r any interest or earn�ngs on such�oss reserve. L�ender can no lon�er requ�re�oss reser�e paymen�s �f Mor�gage Insurance coverage��n th�am.ount and for the peri�d that Lend�r requires}prov�ded by an insurer selected by Lender again becomes a�a��able, is obtained, and Lend�r requires separa�ely designated payrnen�s toward the premium� for Mor�gage�nsurance. �f Lend�r requ�red Mortgage�nsuranc�as a cond��ian flf making the Laan ar�d Borraw�r was requ�red ta mak�separa�e�y designated paym�nts toward the premiums far Mar�gage Insurance, Borrower sha��pay the premiums requ�r�d to rnainta�n N�or�gag� �nsurance in eff�C�, �r�o provide a non�refundable�oss reserv�, until Lender's r�quirement for Mor�gage �n�urance ends in accardanCe v�ri�h any wri�ten agreement be�v�reen Borrower and L.�nder provxding f�r such ��rmina�ion or unti��ermina�ion�s required by Applicable Law. Nathing in�h�s Sec��on ��affect� Barraw�r's abl�ga��on to pay xnterest at�h�rate provided in the Na�e. Mor�gage�nsurance reimburses Lender�or an� entity tha�pur�hases th� No�e} far cer�a�n�osses i�ma� incur �f Borrov�er does no�r�pa��he Loan as agreed. Borrower�s no�a part��o�he Mor�gage�nsurance. Mor�gage insurers e�a�uate their tota� r�sk�n al� such �nsurance in forc�from��m�to time, and ma�enter in�� agreemen�s with other par�ies that share or m�d�fy their risk, �r reduce losses. 'T�ese agreemen�s are on �erms and�and��ions tha�are sa�isfact�ry��the mnr�gage insurer and the other party��r par�ies} t��hese agreements. Thes�agreemen�s may require the mor�gage�nsurer to make payments using any sour�e of funds tha��he m�r�gage�nsurer may have availab�e�whi�h ma�r �nc�ude funds obta�ned from Mar��age �nsuranc� prem�ums}. As a result of these agreem�nts, Lender, any purchaser af�he No�e, ano�her insurer, any rein�urer, any �ther ent�ty y or any aff�liate of any af the faregoing, may recei�e�direct��ar�nd�re�tly} amounts that der��re fram �or r��e�ha�act�r�z�d.a�} a gQ��an af��rQ�e�'��a�rnen��r�Qr��age�nsur��e, ��hang��Qr shar�ng or modifying the�rnor�gag�insur�r's risk, or reduc�ng Iosses. �f su�h agreemen�provides�hat an af��a��of Lender takes a share of the�nsurer's r�sk �n e�.change for a share of the premiums paid to the �nsurer, the arrang�men�is often�ermed "captive reinsurance." Further: {a} Any such agree�nents w��nat affec�the amounts that Barrower has agreed to pay for Mor�gage Insurance, or any other terms of the Loan. Such agreements wi��not�ncr�ase the amount �orrower�vi�l o►we for 1Vlor�gage Insurance, and tbey wxii nat ent�t�e Borro�ver to any refun�. �b} Any such agreements will not affec�the rights Borrower has-if any�-w��h re5pect ta�he Mor�gage Insurance under the I3omeawners Protectian Act af 1995 or any other�a►w. These righ�s may�nc�ude the righ�to recQive certa�n d�sc�osures, �o request and ob�ain�ance��at�on of the Martgage Insurance, to ha�e the Mor�gage Insurance terminated au�amatica��y, andlor to rece��e a refun�af any Mor�gage Insurance premiuxns that►were unearned a�th�time of su�h cance��at�on or term�nat��n. �7. Assignment of N�is��aneaus Proceeds; Farfe�ture. A11 Mi�cellaneous Proceeds are hereby assigned to and sha��e paid�o Lender. �f the Proper�y is dama�ed, such Misce�laneous Proceeds sha��be appl�ed tfl res�aration or repa�r of the Proper�y, if the restaration ar repair is ec�nom�cal�y feasible and Lender's se�ur�ty �s no��essened. During such repair and restorat�an period, Lender shai� have th�right to ho�d such Miscei�ane�us Pr�ceeds untii Lender has had an opp�r�unity�o xnspe�t such Proper�y t�ensure�he work has been comp�eted ta I.ender's NEBRASKA-5ingle Family-Fa�nie Mael�reddie Mac UNIF�RM INSTRUMENT �orm 3n28 11�1 VMP Q VMP6tNE}�13�Zj Walt�rs Kie�wer Finan�ial Ser�ices Page 9 vf 17