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201201759 <br /> continue Yo p�y to Lender the amoimt of the sapa��ately designatcd paymonts that were due when the <br /> instiirazice co�era�ge ceased ho be in effect. Lender wi11 [tccept, use and reC�in Lhese paymrnttF as a <br /> nonaefimdaUlo 7ons reserve i��]iou of Moi�tgage Insurance. Such loss reserve shall be non-refimdal�le, <br /> notwithstandia�g qie Pact Chal thc Loan is iilH�natoly paid iu full, and Lender shmll not be reqniceci ho p�y <br /> Borrower�uy interest or earnings on auch lose reservo. Lcnder can no longer require loss i•eserve paymants <br /> if Mortgage Insm�vice coverage(in the ui�ounf and Por tho period that Lender reqtiiires)pxovided by au <br /> insm'er selected by Lender agaiu beeomes aunil�Ule, is ohtnined, and Lender ra�airos separately designated <br /> payinents toward the premituns �For MoeCgage Insurance. If Lender required Morlgage Insurancc as a <br /> wndition of mal<ing the I.oan and Rorrcjwer was reqnired to malce separately designated payments toward the <br /> premiums for Moxtgage Insiunnee, Borrower shall pay Lho prou�iams required to maintain Mortigaga <br /> Insnrancc in effect, or to provide a non-refiandable loss reserve, mzCil Lcnder's requirement for Mortgnga <br /> Insuranee ends in aecoxdanoe with any vn�iLCcn agrecment between Rorrower and I,ender provi�diug fioc such <br /> terminnTion or until termitinrion is requirecl by Applio�ble Law. NoChing in tl�is Section 10 affects <br /> Boirower's obligation to pay interest at Y1ie rate provided in the Note. <br /> MorCgnge Ineuranoe reimbursea Leuder(or any entity that purcha�es the NoCo) for ecrtttiu losses it may incur <br /> if Borrower does not repay the Loan as flgreed. Borrower is not n pnrty eo the Martgage Insiu�nce. <br /> Mortg�ge insurers evftlunte tiheir total risk on all snch inei�rtuice in force flrom Nmc to t'une, and may cnter <br /> into agreenients with other parties tl�at slk�ae or modify their risk, or reduce losses. These agreeinents are on <br /> tcrn�s aiid coudiCione tl�at arc eatisfxctory to tha mortga�e insurer and T1ie other parly(or pv�tiies) to these <br /> ngreemente. These agreen�ents ixiay tequire Che inorCgage insiu�or to inake paqinei�ts using anq som ce czf fimds <br /> that the mortgage instuer may have ryvailabla(which ma3�include fvnda obt�ined froin Moxtgage Insurance <br /> preiniutns). <br /> As a result of these agreaments, Lender, any pmchaser of the Note, another insurer, any reivaurer, any otliex <br /> eofity, or any etfFiliate of�tny of the foregoiug, may receive(direcCly or indirectly) unomits that derive G'om <br /> (nr uiigl�t be characterizcd as) a portion of BoiTO�ver's payments for Morf6age lnstiu'nnce, in excl�ange for <br /> sharing or modifying Che moxtgage insurei's risk, or reducing losecs. Tf sucl�agrccincnt providcs tltat an <br /> affiliate of Leuder takes a shaz•e of the insiuer's risk in exchange for a share of the preinituna paid Co Che <br /> insLUer, the arrangeinenf is oli�cn Termed"captiive reinsw�ance." Furtlier: <br /> (a) Any sucl� agreemenfs wilT aoi�affecC C}�e amouuUS LhaC Borrower has otgreed to pay fur Murtgage <br /> vism�ance, or any other ternie of tlie I,onn. Snch agreements will not increase lhe nmom�C <br /> Rorrower will owe for Murtgage Insurnuce, tuid t11ey will noC entiClc Borrowcr to any refnud. <br /> (b) Any snch agree�neuts will not affectkho rights Borrowor l�as -if any-wfth respect to the <br /> IVlortg.�ge lus�u�ance under the J[mneowners Protection Act of 1998 or nny�otlicr law. Tl�esc rigLks <br /> may inclade El�e rigLC Co receive cerCaPn discloSUres, to request and obt;iin camcell:itimi of the <br /> Mortgnge visnrnuce, to hnve the Ntortgnge Lisurflnce ler�ninated anlon�aCically, and/or to recoive <br /> n rofimd of nny Mortgnge I�anrnnec praminms that were nnearned nt tLe time ot sncl� <br /> enncellatimi�or termination. <br /> 11. Assignment o� M iscellaneous Proeeeds; ForPeiQure. All Miscellaxieous Proceeds �ue hereby eseigned to <br /> sard shall be paici to Levder. <br /> If the Pinperty is dari2nged, such Miscellaneoua Proceeds sl�al7 be applicd tc�restoratio�t or repair of tlie <br /> Property, if the restoraliou or rep�ir is econornioally fensible nud Lender's security is not Icsseucd. llw�iug <br /> snch repair and resYoration period, Lender shall have the right to hold such Misoellnneous Proceeds until <br /> I,ender haa had aai o1�porEiwity to inspect such Pi operCy to ensw•e tlae worlc hps Ueen cotnpleted to Lender's <br /> 24000806 <br /> NEBRA31<A-Single Pamily-Fannle Maelf-fatldle Mac ONIFORM IN6TRl1MGNT Form 9028 1101 <br /> VMP� VMPA(NE)(1106) <br /> Woltera Kluwer Flnanalal 6ervicae Paqe B of 17 <br />