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2� 1 ��572� cont�nue�o pay�a Lender�h�am�oun�of the separa�el�d�signa�ed paymen�s that were due when the insurance c�verage ceased �o b�in effect. I.�nder v�ill accep�, use and reta�n thes�payments as a non-refundab�e�ass reser�e in lieu of Mor��age �nsurance. Such los� reserve sha��b�non-refundable, na�w�ths�anding the fact�ha�the I.oan�s u��ima�ely pa�d in fu.11, and Lender sha�l not be required�a pay B�rrov�er any inter�st or earnings on su�h loss res�rv�, Lender�an na longer require�oss reser��pa�men�s if Mortgag�Insurance co��rage �in�he amoun�and for�he period�hat Lender requ�res�prov�ded by an insurer selec��d�y Lender a�ain becomes avaiiable, zs�b�ain�d, and L�nder requir�s separatel�des�gna�ed paym.ents toward �he prem�ums for Mortgage�nsuranc�. �f Lender required Mor�gage�nsurance as a conditi�n of making the Loan and Barrower was required�o make separate��designated paymen�s tov�ard�he premiums for Mar�gage Insurance, Borrovver shal�pa�the pr�mium� r�qu�red�o maintain Mor�gage �nsurance in effect, ar�a pro�ide a non-refundable�oss re�er�e, unt�l Lender's re�uir�ment for Mor�gage �nsurance ends in accordan�e with any wri��en a�reement b�tween Borrower and Lender providing for su�h �ermina�ion or un�i�t�rmina�ion is required�y Appl�cabie Law. No�hing in�hi� S��ion ��affec�s Borro�er's abii�a�ion�o pay �n�erest a�the rate provid�d in the Note. Mart�a�e Insurance reimburses Lender�ar any enti��that purchases the Nate} f�r cer�ain Ioss�s it ma.y incur if Borrower does not r�pa��he Loan as agreed. Borrovver�s n�t a party to the Mor�ga�e�nsurance. N�ortgage insurers evalua�e their ta�a� risk on a�� such �nsuranc�in forc�from time to tirne, and may ent�r in�o agreemen�s�ith other parti�s that share or madify their risk, or redu�e losses. These agreemen�s are on �erms and condit�ons that ar�sat�sfactor�to the mor�gage�nsurer and the a�her par�y �ar par��es} ta�hese agreements. Th�s�a�r�emen�s may requir�fhe mort�ag��nsurer to make payments using any s�urce of funds tha��he m.ortgage insurer�may have a�ailab�e�vvhich may inc�ude funds ob�ained from Mor�ga��In�urance premiums3. As a resul�af�hese a�re�men�s, Lender, any purchaser of�he Nate, anoth�r�nsurer, any r�insurer, an�r other ent��, or any affilia�e��`any of�he faregoing, ma� re�ei�e�directly or�nd�re�ti�r} amounts tha�der��e from �ar rnigh�be Gharacterized as} a porti�n of Borro��ver's pa�rmen�s far Mor�gage Insurance, �n exchange for sharing ar modi�y�ng the mortga�e insurer's risk, or reducing iosses. �f such agre�ment pro�ides �ha� an af#il�ate of Lender�akes a share o��h�insur�r's risk ��.e�.chan�� for a share of�tl�e premiums paid t��hc insur�r, the arrangem�nt is of�en�ermed "cap�ive r��nsurance." Furth�r: �a} Any such agreemcn�s��v��l n�� aff�ct the amoun�s thafi Borro�c��er has agreed to pay f�r Nlartgage Insurance, or any o�her�erms of the Loan. Such agre�men�s ��I�not in�rease the amnunt Bnrrower wi�i awe far Mortgage Insurance, and�hey ��ill not�n��e I�orrower to any refund. ��} Any such agr�emen�s v�vill no�affec��he r�gh�s Borrovc�er has -if any -wi�h respe��.a th� Mor�gage Insurance under�he Ho�neawn�r�Pro��c��on Ac� af 1998 or any o�her�aw. Th�s�rights may inc�ude�he right�a receive cer�ain disciosures, �o request and obta�n cancei�ation of the Mortgage Insurance, to hav�the 1Vlortgage Insurance termina�ed autama�ically� andlor to rece��e a refund of any �Vlor�gage Insurance prem�ums tha� were un�arned a�.the time of such cancel�a#ion or�erminat�an. '11. Assignment of Miscellaneous Proceeds; Farfeiture. A�l Miscellaneaus Proceeds are her�by assigned ta and shall be paid to Lender. �f the Praperty is damaged, such Misc�ilan�ous Proceeds shall �e applied�o restflrat�on or r�pair of�he Property, if�he restnra�ion or repair�s econ�mi�ally feasibie and Lender's secur�� is not lessened. Dur�ng such repair and res�ora�ion per�ad, Lender sha�l ha�re�he right to hold such M�scellaneous Proceeds unt�� Lender has had an opportun�ty�o inspect such Property�� ensure the work has been�ompleted to Lender's NEgRASKA-5ingle Family-�annie Mael�reddie Mac UNIF�RM INSTRLJM�NT Form 3028 71�1 VMP� VMP54N�}{'�3Q2y Woiters Kluwer Financiat Ser�ices Page 9 of 17 s� t