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2� 17��23� cantinue t�pa� ta Lender�he amount of�he�eparately des�gnated payments that w�re due v�rhen the �nsuranc�cnv�erage ceased�o be in effec�. Lender�il� accep�, use and r�tain�hese payments as a nan-refundab�e�oss reserve�n lieu of Mor�gag�Insuran�e. Such loss reserve shal�b�non�refundable, notvv�thstanding�he fact tha�the Laan is ul��matel�pa�d in ful�, and Lender sha�l not be re�uired ta pay Borrawer an�r interest or�arn�ngs on su�h�oss r�serve. Lender can no �onger requ�re loss reser�e payments if M�rtgage�nsurance co�erage�in the amount and for the peri�d that Lender requ�res}prov�ded by an in�urer se�ected by Lender again becames a�ai�abie, is abtained, and Lender requires s�parately designa�ed payments tovvard the premiums for Mortgage�nsurance. �f Lender required N�or�gage�nsurance as a candi�ion of making the Loan and B�rrou�er v�as requ�red to n�ake separately designa�ed paymen�s taward the pr�miums for Mor�gage�nsurar�ce, Barrower shall pay the premiums required to ma�ntain Mor�ga�e �nsurance �n effec�, nr�o pra��de a non-refundabl�loss reserve, until L.�nder's requ�ren7en�far Mor�gag� �nsurance ends �n ac�ordance v��h any v�rit�en a�r�em�nt between Barrowe�r and Lend�r pro�iding far such terminati�n ar un�il��rn�ination�s requ�red b�App��cable Law. Nothxng in th�s Sec�i�n I D affec�s Borrov�rer's obliga�ian to pay �n�erest at��ie ra�e pro�rided in the Nate. Mortgage Insurance reimburses Lender�or any en�i�y t�a�purchases the Note� for cer�ain lasses it ma�r �n�ur �f B�rrower does not repay the Laan as agreed. Borro�ver�s no�a part��a�he Mortgage�nsurance. Mortgage�nsurers evaluate their��al risk on a11 such �n�urance in forc� from�ime to�im�, and may enter �n�o agreements v�r�th ather par�ies that share or mod�fy the�r risk, or reduce lasses. These agreements are on terms and condx�ions that ar�sat�sfactory�o�he m�r�gage in�urer and�he o�her party�or parties}�o these agreemen�s. Th�se agreemen�s ma�r�quire the mor��age insurer�o make payments using an� sour�e of funds �hat�he mor�gage�nsur�r ma�have ava�lab�e�which ma� include funds�btained from Mortgage�nsurance premiums}. As a resu�t of thes�a�reements, L.�nder, an�purehaser of the Note, another insurer, any reinsurer, any other �ntit�, or any aff�liate of any of�he foregaing, �may receive�direct�y or indirec�ly} amounts that deri�re f�rom �or ma.�h�be eharac��r�zed as}a par��on of Borrovver's pa�men�s for Mortgage�nsurance, �n exchange for shar�ng�r nlodif}�ing�he mar�gage�nsurer's ris�k, or r�ducing�osses. �f such agre�men�provides that an affiliate�f I..,end�r takes a shar�of the insurer's r�sk in exchange for a shar�of the prenuums paid�o�he insurer, the arrangem�n��s�ften�ermed "capti�e re�nsurance." Fur�her: �a} Any su�h agreements�vi��nat affe��the amoun�s tha� Borrow�r has agreed to pay for Mortgage Insurance, or an�a�her term�of�he Loan. Su�h agreemen�s wil�not increase�he amoun� Borrawer wi��o►we for�Vlor�gage Insurance, and they w�ll not entit�e�orrower ta any refund, �b� Any�uch agreemen�s will no�affec�th�righ�s B�rrower has-if any �-��vith respec#to the �or�gage Insurance under�he Homeo�vners Protection Act of 1998 or any other law. These righ�s may �nc�ude the right to receive cer�a�n disclosures, �o reques�and vb�ain cance��a�ian of�he Mortgage Insuran�e, to ha�e the Mortgage Ir�surance terminated au�omatica�ly, andlor tv re�ei�e a refund of any Martgag�Insurance prenr��ums that vvere unearned at�he time of such cance�Iafion or�ermina�ion, �7. Assignment of �Ill�scel�anevus Proceeds; Forfeiture. A�1 M�scellaneous Pr�ceeds are here�y assigned to and sha��be paid to Lender. If th� Proper�y �s damaged, such Misceiianeous Pr��e�ds shall be app�ied to restorat�on or repa�r of�he Proper�y, if�he restoration or repa�r is econom.i.cal�y feasible and Lender's se�urity �s n��essened. i3uring such repair and restoration period, L.ender shall ha�e the right to ho�d such M iscellaneous Proce�s until L.ender has had an opportunity t�inspec�such Proper�� ta ensure�he v�ark has been�omp�e�ed�a Lender's N�BRASKA-Single�amily-Fannie Mael�redc�i�Ma�11NIF�RM[NSTRl3M�NT Farrr�3D28 7141 VMP d VMPfi�N��'�3Q2a Walters Kiuwer Financial Ser�ic�s Page 9 af 17