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2� 17��31 � continue�o pa��o Lender th�amount of�he separately d�signated payn�ents that were due when the insurance co�erage ceased to be in effect. Lender w�ll accept, use and reta�n�hese paym�nts as a nan-refundable��ss reserve�n lieu of Mor�ga�e�nsurance. Such �oss res�r�e shall b�non-refunda�le, notwi�hsta�ading�he fac��hat�he Laan is ult�mate�y pa�d �n full, and Lender shalx n��b�required to pa� Borrower any �nterest or earn�ngs tin such l�ss reserve. Ifender can no �onger requ�re�oss r�s�r�e pa�m�n�s if N��r�gage Insuran��ca�erage�in�he amaunt and for�he period that L.�nder requires}provide��y an i�.su�-�r se�e�ted by Lender again bec�mes avaiiab�e, is ob�ained, and I.ender r�quires separate�y designa�ed paymen�s�oward the premiums for Mor�gage Insurance. �f L�nder required Mor�gage�nsurance as a cond�t�an�f making the Loan and B�rrower v�ras required�o n�.ake separate�y designa�ed pa�ments toward the premuums far Mor�gage�nsuran�e, Borrower shall pa�the premiums required to mainta�n Mor�gage Insurance�n effec�, or��pr�vide a non-refundable�ass reser��, un�i� I,end�r's requ�remen�for N�ortgage Insurance ends �n accordance with any written agr�ment betvveen Barrovver and I,ender prov�ding for such �ermina��on or�n��l�ermi.na��an �s requir�.b�App�icable Law. N��h�ng in th�s Secti�n 1 D affects Borrower's o��ig�tion�o pa� interest at t�e rate�rovided �n the No�e. Mor�gage�nsurance re�mburses Lender�o�any en�i�y�hat purchases the Note} for certain losses it m.ay incur �f Borro�ver d�es no�repay�h�I.oan as a�reed. Borrower�s n��a par�y�a�he M�r��ag�Insurance. Mor�gage insurers evalua�e the�r t�tal risk on al� suGh insurance�n force from t�me to t�me, and may enter in�o agreements wi�h other par��es tha�share or modify the�r risk, or r�duce Ioss�s. These agreemen�s are�n terms and cond��on��ha�are sa�isfac�ory�o the mor�gage �nsurer and�he a�her par�� or par�ies� to�hese agre�men�s. These agreenr�ents ma� r�qu�re fh�mor�gag�insurer to mak�payments using an� sflurce af funds tha�the mar�gage�nsurer may ha�e a�ai�able��vvhich may �n�lude funds obta�ned froni Mortga�e�nsurance premiums}. As a result of�h�se agre�men�s, Lender, any purchas�r of�h�Note, another�nsur�r, any reinsurer, any other en�ity, or any af��a�e of any af the f�rega�ng, may receive�directly or indirec��y} amounts tha�der��e fro� �or�might b�charac�erized as} a porti�n of Borrower's pa�ments for Mar�gage Insuranc�, in ex�hange for sharin�or m�dify�n�th�mor�ga�e�nsur�r's r�sk, ar reduc�ng �osses. �f such agreement pro�ides t�at an aff��iate of Lend�r�akes a share of the�nsur�r's risk in��chang�for a share af the premiums pa�d to th� insurer, the arrangem�nt is of�en tern��d "cap��ve re�nsurance." Further: �a} Any such agr��men�s wili na�affec�the amounts that Borrower has agreed�o pay for Nlflrtgage Insurance, or any oth�r terms vf�he L�an. Such agreemen��vil�not increase�he amoun� Borrower�iii awe for Martgage Insurances and they wil�not en��e Bvrrower tv any refund. �h} Any such agreemen�s ��ill no�affec�the r�gh�s Borrower has-if any �with re�pec�ta the Mort�age In�uranc�under the Homeowners Pro�ect�on Act vf 199$or any o�h�r�aw, These rights may�nc�ude�he righ��o re�e�ve�er�a�n disclosures, ta request and obtain canceliatian of the �Vlortgage Insurance, �o have�he Nlor�gage Insurance term�nated automa��ca�ly, andlar to rece�ve a refund of any Mor��age Insurance prem�ums that were unearned a�the t�me of such cance�Ia��on or term�na�ion. '�1. Assignme�t af ��scellaneous Pro�ee�s; Forfeiture. A�� Misc��aneous Proceeds are h�reb�assigned ta ar�d shall b��a�d�o Lender. �f the Proper�y�s damaged, such N�isce�laneous Prflceeds sha��b�app�ied�n restorat�on or repair of the Pr�per�y, if�he r�s�ara�ion ar repair is�c�noxrllca�Iy feasib�e a�d L�nd�r`s se�ur�ty is not lessened, Dur�ng such repair and restora�ion p�r�o�, I.�nder s�.all have the righ�to hoid such N�iscel�aneous Proceeds until I.ender has had an oppor�unity ta inspect such Pr�per��to�nsure�he w�rk has be�n�ompleted to Lender's NEBRASKA-5ingte Farnily-�annie MaelFreddie Mac UN{FQRM INSTRUM�NT �orm 3a28 11�'� VMP� VMP�[N�]�13Q2= Walters Kluw�r Financia!Ser�ices Page 9 vf�7