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2� 1 ��87�4 such loss reserve. Ler�der can no lor�ger require loss reserv�payments if N�ortgage Insu�ra�c�co�era�e �in the amount and for the periad that Lender requires}provided by an insurer sel�cted by Ler�d�r again becomes a�ailable, is obtained,and Lender requir�s separat��y designated payments toward the prern�unzs f�r M�rtgage Insurance. If Lender required Mor�gag�Insurance as a condition�f mak�ng th�I�oan and Barrower wa�r�quired to make separatel�designated payment�t�v�ard the premiums f�r Mor�gage Insurance,Borr�wer shall�ay the premiums required to maintain Mortgage Insura.nee in ef�ect,or to provide a n�n�r�fundable loss re��r�e,unt��n�er's requirement for Mortgage Insurance ends in a�cordance with any wriiten agreement betwe�n�3orrower a.nd Lend�r pra�iding far su�h termination ar until termination is required by Appli�able La,w.Nothing in this Section 1�afFects Borr�vver's obligation t�pay interest at the rat�pro�ided in the Not�. ll�or�gage Insurance reimburses L�nder�or any entity that pur�hases the Note}for certain l�sse� it may incur if Borrowe�does nat repay�h�Loan as agr�ed. Borrower is not a p�.rty to the M�rtgage Insurance. Mortgage insur�rs e�aluate their tota.l risk on all such insurance in f�rce from time to time, and ma enter�nto a reements with other parties that share or modify th�ir risk,ar reduce�osses. These y � . . agreements are on t�rms and canditinn�that axe sat�sfactory t�the rrr�rtgage�nsurer and the ather party�or parties�to these agre�ments. Thes�agr�ements may require the mor�gage insurer ta make payments u�ing�.ny source af funds that the�nartga�e insurer may ha�e availahl�(�which may�nciude funds ohtained from Mor�gage Insurance pr�miums}. As a resu�t�f these agreements,Lender,any purchaser of the Note, an�ther insurer, any reinsurer, any other entity,or a.r�y affiliate of any af the faregoing, may recei�e(directly or indir�ct�y}arnounts that deri�e fram�or might be characterized as)a portion af Borr�wer's paym�nt�fvr Mortgage Insurance, in exchange for shari�.g or modi�ying the mortga�e insurer's risk, or redu�ing loss�s. If such agreement pr�vid�s that an af�'�liate of L�nder takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurer,the arrangem�nt is aften termed "capti�e r�insuran�e." Fur�her: �A}Any such agre�m�nts will nat affe�t the am�unts that Barrower has agreed to pay for M�rtga�e Insura�ce,or any+�ther t�rms of the Laan.Such agreements will n�t increas�the amaunt Borxower will owe fo�Mv�rtgage Insurance,and they will n�t enti�ie Borr�wer tn any refund. ��)Any such agr�ements will nat affect the rights Borr�w�r has-if any-w�th respect to the M��rt�age Insuran�e un�er#he Homeown+�rs Pr�te�tian Act vf 199$or an�ot�ier law.These ri hts may include the right t� recei��C�rtain disclQsur�s,to r�yuest and obtain cancel�ation of � the Mortgage Insuranc�,to h��the Mortgage In�urance terminated autvmat�cal�y,andlnr#o recei�e a r�fund of a�y Mortgage Insurance premiums that were unearn�d a#the time af such cancel�atian or terminatian. �I'I. Assignment�f Misceilane�us Pro�eeds; Forfeiture. All Misc�llaneous Prace��ls a�re hereby assigned to and shall be�aid to Lender. If the Pro erty is damaged, such Miscellaneous Proc�eds shall be appl�ed to restorat�on or repair of p the Pro e ,if the restorati�n or repair�s��nomical�y feasibl�and Lend�r's security is nat lessened. P �Y . . Durin such repair and restaration perio�i,Lender shall ha�e th�r�ght�a h��d su�h Misce�laneous g Proc�eds until Lender ha�had an opportunity ta inspect such Property to ensure th�work has been com �eted to Len�er's satisfactian,provided that such inspecti�n shall be undertaken prom�tly. Lend�r P may pay for the repairs and rest�ration in a single disbursement or�n a series of progress payments�s 23d042Q748 NEBRASKA-Smg�e Famiiy-Fanme MaelFreddie Mac IJNIFDRM INSTRUMENT Form 3�2811�1 VMP� �fi1201 fi Wb�ters Kiuwer Financia!Services 2�1 fi'I 212'�6��3885-J2�16�72�Y Page 9 of 1 S