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201206724 <br /> contiru�e to pay to Lender YLie amount of the separataly designated payinents Uiat were�due when Ehe <br /> insiu•ance covarage ce�,ved to be in efFect. Lei�du��will aocupt, uso anci roYain these pzrym�nte ns a <br /> tion-refw�ic{nble lose reserve in lieu o£MorCgage I�istirnnce. Such lass reserve ahall be non-refundable, <br /> notwithstanding the fact thtit the Loan is ultimately paid in full, and T.e�ider shall not be z•equired To pay <br /> Borrower aary interest as earnii�gs on such loss rc,iervc. Lcnder cu�no]onger rec�uire lose reserve yayments <br /> if Mortgage I�lsurance cavecage(in the atnount nnd for the period that Lender requires)providecl by nn <br /> insurer seleeted by Lencler again beeomes auailable, is obtainecl, and Lencier requires,vepar�tely desibniated <br /> payments toward the prauumns for Ulortgage lneuxance. If T,cnder requirc�d Mortgago I��Furaiaco as a <br /> eoudition of makuig Uie Loan ai�d Borrowcr was rcquired So malce separaCely designated pnytnenta koward the <br /> premimns for M'ortgage Tnsuravoc, Borrowcr ehall pny the prenriums required to mnint�in Mortgage <br /> lnsnrance in effect, or to provicle a non-refundabla loss reseive, uutil T.ender's req�iiremcnt{or Mortgage <br /> Insurance ends in accordaxice witli az�y wriften agr�cment bctween Borrower arul Lender providing for sueh <br /> termina�tiou or timtil tei•mination is rcquired by Applio�ble Lew. Nothing i�i Yhie Section 10 a£fects <br /> 13orrowcr's obligation W pay iu[eresti et th�r£tte provided in the NoYe. <br /> Mortgagc Inspxance reiinburses Lender (or any entiYy Yflat pm'chases Uie Nota) for eextain lossc h it may incut <br /> if Borrov�er does not repay Y1ie Loan as agreed. Borrower is r�ot a party to U�e MorCgnge Inaiu�nnoe. <br /> Mortgage insurers evaluate their tot�tl risk ou all such insuranoe in fnrce t}om Yimo to trn�e, and may enter <br /> into ageements with other parties thaY shaae or inodify thcir risk, or reduce losses. These ngreements are on <br /> te�Yns nnd conditione th�t are satisfa�ctory to the mortgage inetuer exxV ihe ather party(or paz�ties)to these <br /> agreements. These agreements may requirc tihe��inrCg�ge iusurer to in�ke paytnents usin;aaiy source of fitnds <br /> Uiat flie�nort�age iilsurcr n�ay lia�e available(which niay inclucle fmids obtained fi�om Mortba�;c Inhurmice <br /> preiniums). <br /> A� a result oP Uiese�reenients, I,ender, a�iy pm'chaser of tl�e Noto, another insiu er, en}�reinsttrer, n�iy othar <br /> entity, or any affiliate of any of the forcgoing, may receive(directly or indireetly) amounts Uiat derive fi�om <br /> (or inigTit Uc chatacterised as) a portion oP I3orrower's payinents for Mortgage Jnsurance, in oxohxiige for <br /> sharing or modi£ying the mortgage insmer's rislc, or teducing losecs. If eucli ngreeinent provides that nn <br /> afFiliaYa of Lender talces a eliare of fho insuror'�rislc in exchauge for a share of Yhe pre�nituns paid to the <br /> uisurer, tl�e arrengement is oftcu termed "captive reinsurt�nce." Further: <br /> (a� Any such agreorr�ents wlll not affect tlie ammmCs thetBorrower h:�s agreed to pay For NlorCgage <br /> Insarnnce, m•any otlrcr terms of tho Lonn. Simh agreementis will noC increase Che aruom�t <br /> Borrowcr will owc fm•Martgage Insurance, and CLey will not entitle Boirowar to nny rcfu��d. <br /> (b) Any suclx ngreemonts will not af'fect tlxe riglits 13m•rower lias- if any-with res��ect to thc <br /> Mortg.�ge Insiu�nnce undor C}ie Homeowners Ptrotca.tion Act of 1998 or nuy otlier Ixw. These r9g1�C� <br /> �nay incliide fhe x�iglrt to receivc ccrtahi disclosures, tu reqi�est xnd obCain cancollation of the <br /> Mortgago Inem•ancc, to hnve the Mortgage Insnrance terminnted anComatically, endfor Co rcceive <br /> n re1'�md of xu,y Mm•tgage Iusnrauce prendmvs EhaC wa•o nnoarned t�t the ti�ne of snch <br /> e�mcellnNm� or Cermivation. <br /> 11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellzneous Proceeds a�e hereUy assigned to <br /> and s1�a11 be pafid to Lcnder, <br /> I1'the Property is d�inaged, such Misoellaneous Prooeecls shall be applied to restorfltion or repair of thc <br /> Property, if Che reatora�tion or repair is economically f'easible and Lcncicr's securiCy is not leasened. During <br /> sueh repnu• aucl restoration period, 7'.ender ehall ]�ave the righC to hold such Miscellaneous Praaeeds iuitil <br /> Lender 1�as had an opportuivly �o iivspect snch Property to ensuie tihe wodc has beoi� coi���lotu*Tl to Lcnder's <br /> — ----- ------ zao o ns i <br /> NEBRASI(A-Singlo Femlly-Fxnnle M ae/freddie M ac UNIFORM INSTRl1 M fNT Form 3028 1/01 <br /> � uMp VMf'8(NE)(7106) <br /> W olter�s Kluw er Finencinl Szrv lnn.a Paye 9 of 7 7 <br />