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2� 17��771 continue to pay�o Lender the amount of the separately designated payments that were due when the insurance co�erage ceased ta be in effect. Lender wi11 acce�pt, use and retairi�hese payments as a nan-refundab�e loss reserve in lieu af Mortgage Insurance. Such�oss reser�e sha�l be non-refundable, notw�tlistanding�h�fact that the Loan is ultimately pa�d�n fu11, and Lender sha�l not be required ta pay B�rrawer any interest or earnings on such�oss reserve. Lender can na longer require loss reserve payments if Mortgag�Insurance co�erage(in the amount and for the per�od that Lender requires}pr��ided by an insur+er selected by Lender again becames available, is ob�ained, and Lender requires s�parate�y designated payments toward the premiums for Mortgage Insurance. If Lender required Mor�gage Insurance as a conditian�f m,aking the Loan and Barrawer was required to make separately designated payments toward the premiums for Martgage Insurance, Barrawer sha�l pay the premiums requir�d to maintain Mortgag� Insurance in effect, or to provide a non-refundable loss reser��,until Lender's requiremen�for Mortgage Insurance ends in a�ccardance vv�th any written agreement betw�en Barrower and Lender pro�idir�g for 5uch termination or until terminatian is required by Applicable Law. Noth�ng in this Section I4 affects Borrower's obliga��n to pay interest at the rate pro�ided in the Note. Mortgage Insurance reunburs�es Lender(ar any ent�ty tha�purchases the Nate}for certain�asses it may incur if Borr��ver does not repay the Loan as agreed. Barrawer is nat a par�y to the Mortgage ce. Mortgage ulsurers e�a�uate their to�al risk on a11 such insurance in force from time�a time, and may enter �nto agreemenrs with other parties that share or modify their risk, or reduce losses. These agreements are on terms ar�d conditions that are satisfactory to the n�ar�gage insurer and the other party�ar parties}to these agreements. These agreements may require the mortgage insurer to make payments us�ng any source of funds tha�the martgage insurer may ha�e avaiiable�which m�ay include funds abtained from Mortgage Inswrance premiums}. As a resu�t of t�iese agreements, Lender, auny purchaser of�h�Note, another insurer, any reinsurer, any other entity, or any aff'�liate af any of the foregoing,may recei�e(d�rectly or indirectly}amounts�hax der��e from �or might be chara�cteri.zed as}a portian af Borrow�r's payments for Mortgage�nsurance, in exchange for sharu�g or modifying th.e mor�gage insurer's risk, or reducing losses. If such agreement pro�ides tha�an af�iliate of Lender�akes a share of the insurer's ri�k in exchange for a share of the premiums paid�o�lie insurer,the arrangement is often termed "capti�e reinsurance." Fur�her: �a� Any sucb ag��ements will not affe.�t the amounts th�at Borrower has agr�d to p�ay for Mortgage Insurance,or any ather terms of the Loan. Such agreeme�ts wi�nat�ncrease the amount Borrower wi�l owe for Mortgage Insurance,and they will n�t ent�tle Borrower to any refund. �b� Any such agr�ements w�ill not affect the r�ghts Borrower has-if any-with respect to the Mortgage Insuran�e under the Hom�owners P�tection Act of 1998 or any o�her law.These r�ghts m�y include the right to r�oei�e certain disclasures,to request and obt�in canoellat�on af tbe Mortgage Insurance,to have the Mortgage Inswrance texminated automatically, andlor to r�cei�e a refund of any Mortgage Insuraaoe premuiums that were unearned at the time of sucb can�ellat�on or ter�n�atio�. 1'I. Assignment of Misceilaneaus Proceeds; Fvrfeiture. Al� Miscellaneous Proceeds are her�by assigned ta and sha11 be pa�d ta Lender. �f the Property�s damaged, such Miscel�aneaus Praceeds sha11 be applied to restaratinn or repair of the Property, if�he restaration or repair is econom�cal�y feasible and Lender's s�curity is not lessened. Dur�ng such repair and restora�ion geriod, Lender sha11 have the r�ght to ho�d such Miscellaneous Proceeds until Lender has had an opportunity to inspect such Property ta ensure the work has been completed to Lender's NEBRASKA-Single Family-�anrne M�elFreddie Mac UN�F4RM 1NSTRUMENT Form 3028 1ln1 VMP� VMPB�NEf I'�3�2f.DO Wolters Kiuwer Fi�ancial Ser�ices Page 9 of 17