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2� 1 ��488� cont�nue to pay to Lender the amoun��f�he separatel�designated pay�nen�s�hat wer�due when�h� insuran�e ca�rera�e ceased to be in effec�. Lender�v�rill accept, use and retazn these paymen�s as a non-refundab�e�oss reserve in 1i�u�f Mor�gage �nsura��ce. Suc�loss r�se�-ve sha�� be non-r�funda�Ie, natv��hstand�ng th�fac�that the Laan�s ul�imately pa�d in full, and Lender sha.�� not b�required to pay B�rravver any in�erest or�arn�ngs on su�h loss reserrre. Lend�r can na longer requ�re loss reserve paynnents if Mar�gage Insurance coverage�in the amount and for th�period tha�I�ender requ�res�pra�ided by an �nsurer se�ected b� Lender again b��omes a�a�lable, �s��ained, and Lender requires separa�e��designated payments toward�he pr�miums for Mor�gage�nsurance, �f Lender required Mor�gag��nsurance as a condition�f mak�ng�he L.�an ar�d Borrower was r�quired�o make separately d�s�gnat�d payments �oward the prem�ums for Mor�gage�nsurance, Barrflwer sha�i pay th�premiums requ�red�o ma�n�a�n Mortgage �nsurance�n effec�, or�o provxde a nfln-refunda��e�oss reserve, until Lender's re�uirement for Mor�gage Insuran�e ends in ac�ordan�e w��h an}�wri�ten agreement between Borravver and Lender pro��ding far such termina�ifln or unti�term�na�ion is requxred b� App�icable La�v. N��h�ng in this Sec�xon 1 d aff�cts Borrower's ob��gatian ta pay in�eres�at th� rate prowi�ed in�he Note. Mortgage Insuran.ce reirn�urses Lender�or any ent��y tha�purchases the Note} for cer�ain l�ss�s i�ma�r �n�ur �f Borrower does no�repay�he Loan as agreed. Borrovver is not a par�y�o the M�r�gage�nsurance. Mor��ag�insurers e�a�uate�he�r�ota� risk on a�� such insurance in farce fram�ime to��me, and may enter �nto agreements with o�her pa��es�hat share or madify�heir risk, or reduce�oss�s. Th�se a�re�men�s are on terms and cond��ans tha�are satisfac�ory to the mor�gage insurer and �h�o�her par�y �or par�ies} �o�hes� agreemen�s. These agre�ments rna� require the mortgage insurer to make payments us�ng any s�urce of funds that the martgage insurer may ha�e ava�lable �which may include funds obtained from M�r�gage Insuran�e prem�ums}. As a resu��af��ese agre�ments, Lender, an�purchaser of the No�e, ano�her�nsurer, any reinsurer, any ather �n�i�y, �r any aftiiiate of an� of the forego�ng, may receive�dire�tly or indirectly} amaunts that deri�� fr�nz �or�rnigh�be charac�erized as} a portion of Borrower's paymen�s for Mor��age�nsurance, in exchan��f�r shar�ng�r modifying�h�mortgage insurer's risk, or reducing �osses. If such agreement provides �ha�an af�iiate of L,�nder takes a share of the �nsur�r's risk in exchange far a share af fhe premiums paid �o�he insurer, the arrang�ment is often termed "capti��reinsuranc�." Fur�her: {a y Any such agreemen�s ►w�ll not affec#the amaunts that Borrawer has agreed ta pay for Mor�gage Insurance, or any other terms of the Loan. Such agreemen�s wi�l not increase the amount Borrower wixl owe for Mortgage Insurance, and they w��i na� entxtle Borrower�o any refund. t b 3 Any such agr�emen�s will not affec� the righ�s Borrawer has-if any � w�th respec�to the Mor�gage Insurance under the Homeowners Pro�ection Act of 199$or any o�h�r law. These rights may inc�ude�he r�ght to recQi�e cer�a�n d�sclosures, �o request and a��ain cance�lation of th� Mortgage Insurance, to ha�e�he Mor�gage Insurance terminated au�omatically, andl�r ta recei�e a refund vf any Mor�gage Insurance prem�ums that wer�unearned at the�ime of such cancellat�on�r termination. '1'i. Assignment of Mis�el�anevus Pr�ceeds: Farfeiture. All M�sce��aneaus Proceeds are hereb� assigned to and sha11�e pazd t� Lender. �f�he Prop�rty is damaged, such Misce�laneous Pro�eeds sha�� be appiied t� res�oration or repa�r of the Proper�y, if�he res�oration or repair is econom��ally f�asible and Lender's securit�r is not l�ssened. During such repair and res�oration per��d, Lender sha�l have the r�ght ta h��d such Misce�laneous Praceeds unt�l Lender has�.ad an�pportun�t� to insp�ct such Proper�� to ensure the work has been��mp�eted to Lender's NEBRASKA-SingEe�ar�fEy-Fannie MaelFreddie Mac UNIF�RM INSTRUM�NT �orm 3Q28 1141 VMP Q VMP6�NEf{13Q2f Walters Kluwer�inancial Ser�ices Page 9❑f 17