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2� 1 ��599� continue�o pay ta Lend�r the amoun�of the se�ara�ely designated pa�rments that were due when th� insurance coverage ceased�o be�n effec�. Lender will accept, use and retain these pay�nen�s as a non�refundable loss reserve in l�eu of Mor�gage�nsurance. Such loss reserve shail be non-refundabie, no�wi�hstand�ng�he fac�that�he Laan is ultimately pa�d �n fu�l, and Lender sha��n�t be required�o pay Borraw�r any in�erest�r earn�ngs fln such ioss rese�-�r�. Lender can n�longer r�quire Ioss reserve pa�ments �f Mortgage Insuranc�cov�ra�e�in�he amaunt and f�r�he per�od tha� I.�nder r�qu�res} provided by an insur�r se�ecxed by Lender again b�c�m�s avaiiab�e, �s ob�ain�d, and Lend�r r�quires separate�y designa�ed pa�ments toward the premiums for Mor�gage�nsurance, If L.�nder required Mar�gage�nsurance as a condi�ian of nlakin�the Loan and Bo�rower was required to ma�e separa�e��designat�d pa�men�s�ovvard the premiums far M�r�gage�nsurance, Borr�v�er sha�l pa�r the premiums required�o ma�ntain Mor�gage Insurance in eff�ct, or to provide a non-refundab�e loss reser�es untii Lender'�requirem�en� for Mor�gage �nsurance ends �n accordance with any v�ri��en a�reement bet�een Borrovver and L�nder pro�iding for such tern�nation�r unt�� t�rmination�s required by Applicable Law. Nothing i�a th�s Sec��on IQ aff�c�s Borrower's obii�ation to pay interest a��he ra��pro��ded in�he Note. Mor�gage�nsurance reimburses Lender��r an� en�i�y tha�purchases the Not�} for cer�ain�asses it ma� �ncur if Barrov�rer does no�r�pay�he Loan as agre�d. Borrower is n�t a par��a�he N�flr�gage�nsurance. Mort�age�nsurers evalua��heir total risk an aII such insurance in farc�from time to ti�n�, and may�nter �nto agreem�n�s ��ith o�h�r parties that shar�or modif�the�r risk, or reduc��osses. These agre�men�s are on terms and conditions that a�re sat�sfaCtory to th�mar�gage insurer and the ather par�y �or par��es} �o these agree�ments. These agreen�ents may require the mortga�e insurer to make�a�ments usin�an� source of funds that the mortga�e insurer may have a�ai�ab�e�whi�h may �nclu�e funds ob�ained fr�m Mortgage�nsurance premium�}. As a re�ult of�hese agreements, Lend�r, any purchaser�f�he Note, ano�her insurer, an� r�insurer, any other en�ity, or any aff��iate�i�an� af the f�aregoin�, may receive�directly or�nd�rectly� amaun�s tha�deri�e from �nr migh�be characterized as} a portian of Borrawer's paym�nts for Mo�rtgage �nsurance, in exchange for sharing or modif�ing�he mo�rtgage insurer's risk, �r reducin��osses. �f su�h agre�ment provides �hat an affi�iate of L�nder tal�es a share of'�he �nsurer's risk�n exchange for a share of the premiums pa�d to th� insur�r, the arrang�men� is often�ermed "ca��i��re�nsuranc�." Further: �a} Any such agreemen�s «�i��no� affe�� he an�ounts�hat Borrov��er has agreed�a pay for�I�iv�•�gag� Insurance, ar any v�her�erms of�h�Loan. Su�h agreements w�� no��ncrease�he amoun� Borrov�er wil� owe for Mor��age Insurance, and�hey ��1 not enti�ie Borrower�v any refund. �b} Any such agreemen�s v��i�l no� aff�ct the rights Borrower has-if any ��vith respect�o the Mar�gage Insuranc�under�he I3onr�eowners Prafection Ac�of 1995 or any other�aw. Thes�r�gh�s may inc�ude the rxght to receive c�r�a�n d��c�osure�, �o request and ob�ain cancel�a�ion of the Morfgage Insurance, �fl ha�e the Mar��age Insurance�ermina�ed automa��cai�y, andlor to receive a refund of any Mar#gage Insurance premiums�hat were un�arned at the t��n.e of such cance�lat�on or term�na��on. 1�. Assignment of M�sce��aneous P�ace�ds: Forfe�ture. AI1 M��e�Ianeous Praceeds are hereb�r assigned tfl and shal�b�pa�d to Lender. �f the Propert� is damaged, such N�iscellaneous Proceeds sha�� be applied ta rest�ration or r�pair�f the Property, �f�he res�ora�ion or repa�r is ec�n�mically feasib�e and Lender's securit�r is na��essened. During such r�pair and rest�ration per�od, Lender sha�� have th�right�o hold such M�sce�Ianeous Proceeds until Lender has ha� ar�oppor�uni��r to �nspect such Proper�y �o ensure�he v�ork has be�n completed�o Lender's N�BRASKA-S�ngle Farnily-�annie MaelFreddie Mac UNl�DRM INSTRUMEtVT Fvrrr�3D�8 il�l VMP� VMPfi�NE�t�302} Wolters K�uwer Financial Ser�ic�s Page 9 of 17