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2� 1 ��8�72 con��nue to pay�o I.�nder�he am.oun�af�he separate�y designated payrnents �hat v�rere due when the insurance co�erage ceased to��in�ffec�. Lender w��1 a��ep�, use and re�ain thes�payments as a nonWrefundable lass reserve in�ieu af Mor�ga�� nsurance, Such�oss res�rve sha�� be n�n-refundab�e, natwithstanding the fact tha��he Loan is ul�ima�eiy pa�d in full, and Lender shall not be required to pay Borr�wer any interes�or earnings on such ioss reser�re. Lender can no longer requir�I�ss reserve payments if Mortga�e �nsurance co�erage�in the amoun�and�or�he p�ri�d�ha� Lender requires} pro�ided by an insurer sele��ed by I.ender again becomes available, is obta�ned, and Lender requires separate�y�.es�gnated paymen�s taward the premiums for Mor�gage Insurance. �f Lender required Mor�gage Insuranc�as a cond�tian of making�he Loan and Borrawer was required�a m.ake separat�ly des�gnated payments t�vvard the premiums far Mortgage�r�suranGe, Borrow�r shall pay��e prem�ums requ�red�fl ma�nta�n Mor�gage �nsuranc��n effe��, �r�o pro�ide a non-refunda�le los� reserve, un�� L�nder's requ�r�ment for N�ortgag� �nsurance ends in accordance with any wri�ten agreement b�t�veen B�rrower ar�d L�nd�r pr�viding for su�h �erm�na�ion�or un�il terminat�on is required b�r Applicable Law. Nothing in�h�s Section �� affe��s Borrow�r's �bliga�ian�o pay interest a��he rat�pr�vided in th�Note. Mor�gage Insurance reim�urses L.ender�ar any entit�that purchases th�N��e} f�r certain lasses i�rnay in�ur if Bflrr�vver d�es not repay the Loan as agreed. Borrower is n�t a party to the Mor�gage�nsurance. Mor�gage insurer�eva�uate their�ota1 risk on a11 such insuranc� �n force fram�ime to t�me, and rna� en�er �n�a agi-eemen�s v�a�th o�her parties �hat share or modif�their risl�, or reduc�iosses. T`��ese agr�ements are on terms and condi��ons that are sa�isfac�ory �o the mortgage insurer and the��her par�� ar parties} ta th�se agreements. Thes�agreements may require the martgage insurer�o make pa�ments using any source of funds tha� �he m�r�gage�nsur�r may have a�ai�able�which may �nciude funds obta�ned fr�m Mortgag� Znsura.nc� premiums}. As a resu��of these agreements, L.ender, a�.�purchaser�f�he N�te, another insurer, any re�nsurer, any ather enti�y, or any aff��ate of any af�he foregoing, may rece�ve �d�rec��y nr�ndirectly} amaunts that deri�e fram �or�.g��b�c�ara��eri2�d as} �p�r��o�.of�3Qrra�u��'s p��e�t� �o��o�g�g�Ir��ura�a��s zn �xGhan�e�'oz sharing or modify�ng th�mortgage�nsurer's r�sk, or reduc�ng iosses. If such agreement pr�vid�s �hat an affi�iate of Lender takes a share nf the insurer's risk �n exchange for a share of�he premiums paid to�h� �nsurer, the arrangemen��s oft�n�ermed "capti�e reinsurance," Fur�her: �a� Any such agre�rnents will no�affect the an�ounts�hat Borrower has agreed to pay for Mortgage Insurance, or any ather terms of�he Loan. Such agreem�nt�w��not�ncrease the amount Barrower w��owe for Martgage Insurance, and they will nat en�i�le Borrov�ver to any refund. t b 3 Any such agreements wil� not affe�t the r�ghts Borr�wer has -��f any -with respect t�the Mortgage Insurance under the Hameowners Pratect�on A��af 1�98 or any other law. The�e righ�s may include�he right to receive cer�ain disclosures, ta reques�and ob�axn cancellat�on af the Mortgage Insurance, to ha�e the N�or�gage Insurance ternnina�ed automatical�y, andlar�a rece��e a refund of any Mortgage Insurance prem�ums that were unearned at the time af such cance��ation or terminatian, 'I'i. Assignment af Misce�laneaus Rr�ce�ds; Forfeiture. All N�zsce�laneous Proceeds are hereby assigned ta and sha11 be pa�d to Lender. �f�h� Prapez�y is damaged, su�h M�sce�laneaus Pro�eeds sha��be appl�ed to restora�ion or repair of th� Property, if the restora�ian or repair is ecanomicall� feasih�e and Lender's security is not Iessened. During such repair a��d res�oration period, Lender shai�have�he right �o hold such M�scellan�ous Proceeds unt�l I,ender has had an�ppar�unxty to inspect such Praper��to ensure�he w�rk has b�en c�mpleted to Lender's NEBRASKA-Single Family-Fannie MaelFreddie Mac L3NIF�RM INSTRUMENT Form 3028 1I01 VMP Q VMP6fNEf(13d2f Wolters Kluwer Financiai 5er�ices Par�e 9 af 17