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2� 1 ��8413 con�inue to pay ta Lender�he amount of�he separateiy des�gna��d�ayments�hat v�rere due when the insurance c�verag�c�ased to be�n effect. Lender wil� accept, use and re�ain these pa�ments as a non-r�fundab�e��ss reserve in��eu of Mortgage�nsuranc�. �uch loss reserve sha�i�e non-refundable, notwi�h��and�ng th�fac�tha��he Loan is u�timately paid in fuli, and Lender shall not be re�uired to pay Borrovver any in�erest�r earnings on such Inss res�r�e. I.�nder can na long�r requ�re los� re�erve payments if M�r�gage�nsurance co�erage�in the amount and for the period�hat L.�nder requires}pra��ded by an insurer se�e��d by L�nder aga�n b�comes ava��a��e, is�b�ained, and Lender r�quires separately designa�e� paymen�s toward the�rem�um�.s for N�ar��a��Insurance. �f Lender required Mor�ga�e Insuran�e as a cond��inn of mak�ng the I..�an and Barrawer was r�quir�d fo�make separate�y des�gnated paymen�s tov�rard�he premiums for Mor�gage�nsurar�ce, Borrower sha�1 pa�the pr�rniums required to mainta�n N�or�gage Insurance in effec�, or�o prov��de a n�n-refundab�e��ss reserve, until L�nder's requiremen�f�r Mo��gage Insurance ends rn accordan�e vvi�h any wri��n agreemen�betv�reen Borrower and I.ender pra�iding f�r such termination or until terminatian is requ�red by Applicab��Lavv. Noth�ng in�his Sec�ion 1.D affec�s Borrovv�r's obiiga�ion to pa�interest at the rate prov�d�d in th�Note. � N�or��age�nsurance reimburses Lender�or any en�ity�ha�purchases the N��e} for certain iosses i�may zncur �f Borrov�er da�s no�repay th�L�an as agreed. Borrov�er is nat a party�a the Mor�gage�nsuranc�. Mar�gage insurers e�a�uate the�r tota� risk on all such �nsurance in f�rce from�im�to�ime, and n�ay enter into agreem�nts ��th other par��es�hat share ar m.od�f�their r�sk, or reduce lasses. These agreem�n�s are on �erms and conditions�hat a�e satisfac�o�r-��a the mor�gage�nsurer and�he other party �or par�ies} �a thes� agreemen�s. These agreements may require�he mor�gage�nsurer to make pa�men�s using an� saurce�f funds that the mor�gage insurer ma�have a�vai�able �vwhich r�ay include funds�btained from Ma�gage�nsuranc� premiums}. As a resul�of these agreemen�s, Lender, an�purchaser of the Note, anoth�r insurer, an� reinsurer, any other ent��y, or any af�l�ate�f any�f the foregaing, ma�receive�d�rectly or indire�tl�} an�.ounts th.a�der��e from �or might be charac�er�zed as} a portion of B�rr�wer's paymen�s for M�r�gag�Insurance, in exchange for sharin�or modif�i�g the mar�ga�e�nsurer's r�sk, or r�du�ing losses. �f such agreement pro��des �ha�an affi�iate of L.�nder�ake�a share af the�nsurer's risk in ex�han�e for a shar�of the premiums paid �o�he insurer, �he arran�ement �s�f�.en termed "cap��ve reinsurance." Further: �a} Any such agreemen�s w�ll nof affec�the amounts tha�Borrv��ver has agreed�o pay for 1Vlor�gage Insurance, or any o�her term�of the I.aoan. Su�h agreements wi�l n�t�ncrease the arnount Borro►w�r��vil�a►we far�Vlortgage Insurance, and they w��not ent�t�e Borr�wer to any refund. �b 3 Any such agreements will not affect the r�gh�s Borrow�r has-if any-wi�h respec�to the �Vlor�ga�e Insuranc�under the Homeo��vners Protect�on Act of 1995 or any o�her�aw. These rights may inc�ude the right to rece�ve certain disc�osures, ta reque��and o��ain cancei�atian of�he M�rtgage Insurance, to ha�e the Mortgage Insurance terminated au�omati�ally, an�lar to receive a refund of any Mortgage Insurance prem�ums tha� were unearned at�he t�me aF such cancellat�on vr terminat�on. �'1. Assignment of �Vliscellaneous Prviceeds: Fvrfeiture. AII M�sce��aneous Proce�ds are hereb�ass�gned�o and sha��be pa�d�o�...ender. �f�he Proper�y �s darnaged, such M�scellaneous Pr�ceeds sha��be app�ied to re�tora�i�n or repa�r of the Pr�p�r�y, if the restoration�r repair is economica�i� feasible and Lend�r's se�ur�ty�s nnt�essened. During such repa�r and res�arati�n per�od, Lender shal�ha�e�he r�gh��ho�d such M�sce��aneous Praceeds until Lender has had an oppor�unity to inspec�such Proper�y to ensure the work has b�en comp��te��o L.ender's N�SRASKA-Singte Famiiy-Fannie Mael�reddie Mac UNt��RM INSTRIJMENT �orm 3�2$'f t�1 � VMP� VMPfi�N�){�302y Watters Kl�awer Financiat 5er�i�es Page 9 of 7 7