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2� 1 ��347 ��ntinue to�ay�o Lender�h�amount of�he separate�y designa�ed payments�ha�were due when�he �nsurance coverage ceased tfl be �n eff�c�. L�nder v5ri11 accept, use and re�ain these payments as a nan-refundab�e�oss reserve in Iieu af Mor�gage Insura��ce. Sueh�oss res�rve shal� be nonWrefundable, n��vviths�and�n�the fact�ha�the Loan is ult�ma�e�y paid in fu�l, and Lend�r sha�l no�be required�a pay Borrov�er any �n��res�or earnings on such�oss r�serve. Lend�r can no long�r requ�re loss res�r��paymen�s �f Mar�gag��nsurance coverage tin�he amount and for the period�ha�L�nder requires}prov�ded by an insurer selected by Lender again becomes avaiiabl�, is abtained, and Lender r�quires separa�ely des�gna�ed payments toward�he pr�m�ums for M�r�gage�nsurance. �f Lender r�quired Mortgage�nsurance as a ��nditi�n of making�he Laan and Barrow�r was required to make separately des�gnate�.paymen�s t�ward�he premiums for Mor�gage�nsurance, B�rrower shall pay the premiums required�� maintain Mortgage �nsurance in effe�t, or to provide a non-refundable loss res�r�re, unti� L.�nder's r�qu�rem�n� for M�r�gage �nsurance ends in a�cardance wi�h an� wr��ten agreemen�be��veen B�rrower and Lend�r pr�viding for such termina�ion or unt��errn�na�i�n�s r�quired by App�icable Law. Nothing in�h�s Sect��n �4 affec�s Borr��er's ab��gat�on��pay�n�erest a�the ra�e pro�ided in the Note. Mor�gage�nsurance reimburs�s Lender�or any ent�ty that purchases �he N�te} for cer�a�n�oss�s ��may incur if Borrower does na�repay the L�an a� agreed. BQrrow�r is no� a par�y�o�he M�rtgage Insurance. Mor�gag�insur�rs evaluat��he�r�atai risk on a�� such �nsuranc� in force fro�m.�im�to time, and may enfer in�o agreern�n�s v�r��h a�her par��es that share or modify�hexr r�sk, or reduce lasses. Thes�agre�ments a�-e on terms and cond�t�ons �ha�are satisfac�ory to the mortgage �nsurer and the a�her par�y (or par��s}ta these agreemen�s. Th�se agr�ements ma�r�qu�re the mor�gage insurer to make paymen�s using any sourc�of funds that the mor�gage insurer may have avai�abie �v�hi�h may include funds obtained froxn Mortgage�nsurance premiums}. As a resu�t af�hese agreemen�s, Lender, any pur�haser of the Note, ano�her insurer, an�reinsurer, any o�her en��y, ar any affil�a�e of an�of th�for�going, may rece��e �dire�tly ar indirect�y} amounts�ha�derive from �or might b�character�z�d as} a por�ion of Borrower's paymen�s for Mortgage�nsurance, in exchan�e far sharing�r modifying�he mor�gage insurer's r�sk, or r�duc�ng losses. �f such agreement prov�des that an affil�ate af L.�nder�akes a share of�he insurer's risk in ex�hange for a share of�he premiums pa�d�a the insurer, �he arrangemen� is often�ermed "capti�e reinsurance." Fur�her: �a} Any such agreemen�s wx��not affect�he amounts that Borrawer has agreed to pay Far Mortgage In�urance, or any o�her terms of the Loan. Such agreemen�s wil�na�increase�he amaunt Borrower w��owe for Mortgage In�urance, and they wi�l no�en�it�e Borrower�o any refund. �h� Any such agreemen�s will not affect�he rights Borrower has -if any-with respec�to#he Mor�gage Insurance under the Homeowners ProtQct�on Ac�of 1998 or any other law. Thes�rights may�nc�ude�he r�ght to rece�ve certain d�sc�osures, to reques�and obtain cancellatian of the Martgage Insurance, t�have the Mortgage Insurance termxnaf�ed automatica��y, andlor ta recei�e a refund of any Martgage Insurance pr�miums�hat were unearned at�he time of such cancel�ation or�errninat��n. ��. Ass�gnment of M�scel�aneous P�aceeds; F�rfeiture. All Misceilaneous Proceeds are hereby ass�gned�o and sha�l be pa�d�o Lender. �f the Property�s damaged, such MisGellaneous Proceeds sha�1 be appl�ed �a restorat��n�r repair of the Proper��, �f the restaration ar repair is economically feasi�le and Lender's securi�y is not lessened. Dur�ng such repair and res�oration period, Lender shal�have�he ri�ht to hold such Miscellane�us Proceeds unt�� I��der�as had an oppnr�unity�a �nsp�ct such Pr�per�y to ensure the work has been comp�ete�.tfl Lender's NEBRASKA-5�r�g1e Famiiy-�annie Ma�IFreddi�Mac 11NIFQRM INSTRUMENT Forrn 3�28 i1D1 VMP Q VMP6�NE}{1302y Wvfters Kl�wer Firianc+al 5er�ices Pag�9 af i 7