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2� 1 ��8727 con��nu�to pay t� Lender the amtiun��f the separat�ly desxgna�ed pa�ments that wer�due�hen�he �nsurance�o��rag��ased�o be in eff�c�. Lender will accep�, use and r��ain these paynr�ent� as a non-refundable loss reserve in I��u of M�r�gage�nsurance. Such�oss reser�e shall be non-refundable, notw�thstanding the fact�ha��he Loan i�ul�imat�ly pa�d in fu�I, and Lender sha��not be r�qu�red�a pa� Borrawer any in��r�st or earnings on such Iass reser�e. Lender can n� �onger require loss reser�e pa�ments �f Mor�gag��nsurance��erage�in�he amoun�and for the per�od that I.ender requ�res�pr�vided by an insurer selec�ed b�Lender again�ecomes availabl�, is abtained, and Lender requ�res separa�ei�designated payments toward the premiums for Mortgage Insurance. �f Lender r�qu�red Mor�gag��nsuranc�as a cond�tion�f mak�ng th�LQan and Borrawer vvas required�a m.ake separately desxgna�ed payments toward the premiums for Mortgage�nsurance, Borr�wer sha�l pa�the prern.�.ums required to ma�n�ain M�r�gage Insurance�n effect, or�Q provide a non-refunda�le��ss reserve, unt�i L.en�er's requirement for Mortgag;� Insurance ends �n a�c�rdance w�th any wri��en agreemen�be�w�en Borrower and Lender pro�iding for su�h �errninatian or un��1 termina�ian is requ�red b�r Appl�cable Law. No�hing�n�his Sec�i�n �4 affects Borr�wer's obli�atxan t�pay �n�e�rest at the ra�e provided in the I�o�e. N�ar�gage�nsurance reirr��urs�s Lender�ar any en�i�y�ha�purchase�the Note} f�r certain Iosses��x�n.a��ur �f Borrower do��not repa��he Loan as agreed, Borrower is not a par��to t.he Mor�gage�nsurance. Mor�gage insurers eva�uate their��a� r��k on a�� such insurance in farce from time�a tim�, and may�nt�r int� agree�n�n�s w�th o�her par�ies�ha�share�r mo��fy �heir r�sk, or reduc��osses. 'Th�se agr�n�.ents ar�on term�.s and cond��ions tha�are satisfactor�to the mflr�gage�nsurer and�he other party �or par�i�s} �o�ese agreemen�s. These agreements ma�require th�mor�gag� insurer ta mak�pa�men�s using an�source�f funds �hat the mortgage�nsurer may have available�which rnay inciude funds flbta�ned from N.[ortgage Insuranc� prem�ums}. As a re�ul�of�hese agr��men�s, Lender, any purchaser of the Na�e, ario�her insurer, any reinsurer, an�o�er ent�ty, or any affi�iate of any af th�foregoing, may receive�d�rectly or xnd�rec��} amoun�s�ha�deri�e fr�am �or might�e charac�erized as} a port�on af Borrnwer's paym�nts far Mor�gag��nsurance, �n exchange ft�r sharing or mod�fy�ng�he mor�gage xnsur�r's r�sk, or reducing losses. If such agreement pro�zdes�hat�. aff��iate of Lender takes a share�f�he insurer's r�sk xn exchan�e for a share af�he premiums paid to the �nsurer, the arrang�ment is often termed "captive re�nsurance." Fur�her: �a� Any such agreemen�s wx��not affe�t the amounts�ha�Barrower has agr�ed to pay for Mo�-tg�.ge Insurance, or any other terms of the Loan. SuCh agreements wi�I not�ncrease the am.ount Barrower vvill owe fnr Mar�gage Insurance, and they w�ll not entit�e Borrawer ta any refux�d. 4 f�� Any such agre�men�s wii�not affe�t the rights Borrower has��f any-with r�spec�to the Mor�gage Insurance under�he I�orneowners Pratection Act of 199�or any other�aw. These r��.ts may�nc�ude the r�ght to re�e��ve�erta�n d�sclosures, to requ��and obta�n cance��at�o�.vf t�� �Vlortgage Insurance, to have t�.e M�r�gage Insurance terminated automa�ica��y, andlor to�re�eiy� a refund af any Mortgage Insurance prem�ums that wer�unearned at the txme of such cance��ation ar term�nat�on. ��. Ass�gnment af Nlisceiianeflus Prace�ds; Forfeiture. Ali M�scel�aneflus Praceeds are hereby assr�ned�fl and sha��be paid�o I..ender. �f�he Proper��is damaged, such Mis�elian��us Proce�ds sha��be applied�o res�orat�on or repair of�he Prop�rty, if the restoratian or repa�r is��onomical��feasi��e a.nd I.ender's securi��s n�t iessened. During su�h repair and restora��an per�vd, Lender shai�ha��the righ��a hold such Miscel�ane�us Proceeds until L.ender has had an�p�or�uni��r ta �nspec�such Pr�per�y to ensure the work has be�n camp�e�ed to Lender's NEBRASKA-5ir�g[e F2�mity-�annie MaelFreddie Mac lfNlF4RM iNSTf�UMENT Fvrm 3q28�1D� VMP(� VMP6tNE}{7 3[]�y Watiers Ktuw�r�inancial Ser�ices Page 9 of 3 7