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2� 1 ��7943 continue�o pay ta Lend�r the amoun�of�he separa�ely d�signated paym.ents tha�were due vvhen�he insurance c�verage ceased t�be�n effect. L.�nder will accept, use and reta�n�hese paymen�s as a n�n-refundab�e��ss reserve in l�eu of Mortgage Insurance. Such los� reser�e shall �e non-refundahle, no�wi�hs�anding the fac��hat the Loar��s u�t�ma�ely paid in fui1, and Lender shal� no�be required tfl pay Borr�u��r any in��res�or earnings on such�ass reserve. Lender can n�long�r require loss reserve payments �f Mortgag��nsurance co�verage�in the amount and for�h�p�ri�d that Lender requ�res} pro��ded by an insurer selected by Lend�r again becom�es a�ai�able, is obtained, and Lender requires separate�y des�gnated paymen�s��v�ard�he premiums for Martga�e�n�urance. If Lend�r requ�red Mo�r�gage �nsurance as a cond��ian of making the Loan and Bo�r�w�r was required to make separate�y des�gnated pa�m.en��oward�h� premiums f�r Mor��a�e Insurance, B�rrov��r shali pay the prem�ums required�o ma�ntain Mar�gag� �nsuran�e in effect, or�o prov�de a non-refunda��e l�ss reser�e, un��l Lender's requirement far Maxrtga�� �nsurance ends in accordanc�with any wri�ten agreement betv�een Barrower and L.ender pro�iding for such termina�ion�r untx� tern��nation is required by App�xcable Lav�r. Nothing in this Section 1� affects Borrower's ob��gatxon to pay �n�erest at the ra�e pra�id�d in�he Note. Mor�gage�nsurance reimburses Lend�r�or an��nt��y�ha�pur�hases the N�te} for certain�asses xt may incur �f Borrov�er does nat repay�he L.oan as agreed. Borrower is not a par��t� the Mor�gage Insurance. MoY�gage insurers evaluate�heir to�ai risk on al� su�h insuran�e in force fram tim�to time, and may en�er in�o agreemen�s with other par�ies tha�share ar mfldify thezr risk, or reduce losses. These agreemen�s are an terms and cond��ons tha�are sat�sfactory to �he m�r�gage insurer and the other par�� or par�ies} to these a�reemen�s. These agreements ma� requir�the mortgage insurer to make payments us�ng any source of funds that the mortgage insurer may ha�e a�ailab��whi�h may in�lud�funds �b�ained from Mortgage Insuranee premiums}. As a result�f�hese agreemen�s, Lender, any purchaser of�he N�te, another insurer, any r�insurer, an�other en�ity, or ar�y affiliate af any of�he f�reg��n�, may receive�dir�c��or ind�rectly} amounts tha�deriv� from �or might be characterized as} a portion of Bor�r��r��'s pa�m�nts for Mor�gage �nsurance, �n�xChan�e for sharing�r modifying the mor�gage in�ur�r's risk, �r reduc�ng �osses. If such agreem�n��ravides that an af�ixate of Lender takes a share of��e xnsurer's risk in exc�ange for a share of the premiums paid t��h.e insur�r, the arrangemen� is often�ermed "captx��re�nsuran�e." Fur�her: �a} Any such agreements w�ll nat affect the amaunts that Barrower has agreed ta pay for Martgage Insurance, ar any other term��f the Loan, Such agreement�will n�t�ncrease the axnount I3orrawer wi�l owe for N�ortgage Insurance, and they w�l�not en�i�le Borrower to any refund. t b} Any such agreements wi��no�affe�t the r�ghts Borrower ha�-�f any -with respect to th� Mort�a�e In�urance under the I3�meowners Protecti�n Act of 1995 or any other law. These r��hts may include the r�gh�to rec��e certain d�sc�osures, to request and o�ta�n cance�lat�on af the �Vlor�gage Insurance, to have the Mor�gage Insurance termina�ed autama��ca��y, andlor to rece�ve a refund of any Mor�gage Insurance prem�ums that were unearned at the time of such cance��a�ion or termination. 'i'I. ►4ss�gnment of Niiscellaneous Praceeds; Fvrfe�ture. A11 M��ellaneous Proceeds ar�hereb�assigned�o and sha�1 be paxd to Lender, �f�he Proper�y�s damaged, such Miscellaneous Proc�ed� sha�l be applied to res�oration or repa�r of the Proper��r, �f�he restflrat�on or repa�r is�conomically feasible and Lender's s�curity is no�lessened. During su�h repair and res�ora�ian per�od, Lender sha11 ha�e the right ta ho�d such Misce�laneous Proceeds until Lender has�ad an appartunit}�ta inspect such Property�a ensure th�work has been compl�ted�o Lender's NEBRASKA-Single Famiiy-Fannie MaelFreddie Mac LfNl��RM�NSTRUMENT Farm 3Q28 1141 VMP p VMP6[N�f{�3021 Wot�.ers Kluwer Financia!Ser�i�es Page 9 vf 17