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2� 1 ��429� can��nue tfl pay t� Lender the amaunt of�h�separa�ei�des�gna�ed paym��n�s that w�re due when th� insurance coverage ceased t�be in effe�t. Lender�ill ac�ept, use and retain th�se payments as a non-r�fundable Ioss r�serve in�ieu of Mor�ga�e Insurance. Such �oss reserve sha�I be non-refundab�e, na�v��hs�anding the fact tha�the Loan is ultimately pa�d in fu��, and Lender shali not��required to pay Barr�wer an� in�eres�or�arnings or�such loss reserve. I.ender can n�longer requ�re��ss reser�ve payment� �f Mortgag�Insurance c��erage�in�he am�un�and for the peri�d �hat L�nder requi�res}pra�ided b�an �nsurer seiec�ed b� L�nder aga�n bec�mes avai�able, �s obta�ned, and Lender requires s�para�ely designa�ed pa�ments tnward the prenuu�m.s for Mortgage�n�urance. �f Lender requ�re�. Mnr�gage Insurance as a condition of making the L,aan and Borrower was requ�red�o make separate�y desi�nated pa�m.ents tov�ard the premiums for Mor�gage Insuran�e, Barrower shall pay�he premiums required�o main�ain Martgage Insurance in eff�c�, or to pro��de a n�n-refundab�e loss r�serve, unt�l Lender's requir�ment for Mor�gage �nsurance ends in accordance vv��h any v�r�t�en agreemen�b��w�en Bflrrow�r and Lender prov�ding for such termination or unt�l �erminatian is required by Applicable Law. Nothing in�h�s S�ct�on ��affec�s Borrower`s ��iga�ion t�pay �nterest at the rat�pro��ded in the No�e. Mort�age�nsurance reimburses L.�nder tor an�entity that pur�hases�he Note} for cer�ain�osses it may �ncur if Borrower daes not repa��he Loan as agr�ed. Borrower is na�a party to the Mort�a�e �nsurance. Mortgage �nsurers e�aluate the�r�ntai risk on ali such insurance in force from time to time, and may enter into��reements �vi�h other part��s tha� shar�or modif�their ris�, o�r�duce Iosses. These agreemen�s are on �erms and conditions tha�are sat�sfactar�to the rx�ortgage�r�surer and the other party �or par�i�s} ��hese agreem.ents. These agreements ma� require the mar�gage insurer to make paymen�s using any source of funds that�he mortgage insurer may ha�e avai�ab�e (which ma� include funds ob�ained fr�m Mortgage Insuran�� pr�miums}. A�a resul�af�hese agreemen�s, Lender, any purchaser of�he No�e, ano�her insurer, an}� reinsurer, any ather en�ity, or an� affi�ia�e of an�of the foregoing, ma}� receive �dire�tl�or indirec��} amounts �ha�deri�e from �or might�be characterized as} a po��on of Barro«er's payments for Mortgage�nsuran�e, in exchan�e for shar�ng�r mod�f}��n��h�m�r�gage�nsur�r'� r�sk, flr r�du��ng losse�. �f su�h agre�ment provide��hat an af�il�a�e of I.,end�r�ak�s a share af the insurer's r�sk in exchange for a share of�h�premiums paid to the insurer, ��e arrangement �s often termed "capti�e reinsurance." Further: 4a} An��uch agre�m�nts �� no�affec�t �he amoun�s�ha�Borrawer has agreed�o pay for Mor�gage In�uran�e, or any a�h�r terms af�he Loan. 5uch agreements ��il�no� �n�rease th�amoun� Borro��er wil� owe far Mortga�e Insurance, and�hey wi�l riv�en�i�le Borrow�r to any refund. f b� Any such agr�emen�s w��not affeCt�he r�gh�s I�orro��er has-�f any -��vith respect�o�he Mortgage Insurance under�he Ilonneown�rs Pro�ect��n Ac��f 1995 or any�ther ia��. These r�ghts may�nciude the righ�to receive certain disclasures, ta request and o�tain cance��at�an of the Mortgage Insurance, to have�he�Vlvr�gage Insurance terminated au�oma�ica�Iy, andlor to recei�e a refund of any Mortgage In�urance premiums tha� ��vere unearned a�the�ime of such cancellat��n or�ermxnation. '1�. Assignment of �isce��aneous Rroceeds: Fnrfeiture. A11 Miscellaneous Praceeds are herehy ass�gned �o and s�all be pa�d to L�nder. �f th�Proper�y �s damaged, such Misceilane�us Proceeds shall be applied �o restoration or repa�r of the Praper��, �f�he r�storation or r�pair�s econom�call� feasi�le and Lender's s��urity is not lessened. During such repa�r and rest�ra�ion period, Lender sha�l ha�e�he r�gh�t�hold such Miscellaneou5 Proceeds unt�l Lender has had an oppor�un��y to inspect such Propert� to ensure the work has been campleted to Lender's N�gRASKA-Single Family-Fannie MaslFreddie Mac UNIFDRM tNSTRUMENT �arm 30Z8 11�1 VMP� VMPfi�NEf{i 3�2f Wolters Kluwer�inancial Ser�ices Page 9 of 17