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� 201208375 continue to paq Co Lender the atnouffi of the sepni aEely designeted paymentis Chat were due when Ehe iusurauce eoverage ceased t0 ba in e'ti'ecC. Lender t�ill accept, use and rotain these pxiymcnts as a non-refmidable]oss reserve in licu of Mortgagc Itisurance, Such loss reeerve shall be non-refimdeble, nofwid�standing Che facC Chat the Loan is iiltima�tely paid in full, tuid Lender shall not be reqtured to pa�y Boxrower an.y interest or earnings on such loss reserve. .Lender can no longer require 1oss reserve pa}m�ents iP Mortgage Insurance coverage (in{l�o ainoUnt and Por Ghe period 6liat Lender requires)provided by nn �nsm'er sciccl�d l�y Lender agaiix becomes availaUle, is obtained, and Lender requires sepu•ately designated payments loward the premiume for Mortgege Insurance. If Lendar required Morfgage I��surance as a condit�on of maldug the Loan and Borrowar was required to make sepaeately desi��ated payments toward H�e premitima Por Mortga�ge Instu'Euica, Borrower sUa11 pay tl�e premiums requircd to inuinlain Mortgago lneurance in cFfecC, or to pmvide n non-reftmdable loas reserve, unYil Lender's requiremynt for MorCgage InFurwce ends ni nccordnuce wiYh any wriYYen agreeinenti Uetween Borrower and I.ender providing for such Yermination or until termination is reqtiiired by App1icablc Law. Nothing in Lhie SecCion 10 afCecCs Borcower's obligation to pay intcresC aC Lhe rnte provided in the Note. Mor¢�*age Insuxance rci�nUurscs Lnncler(or any eiiCity that purchaeea the Note) for certain losses it may incur if Borro�wcr does not repay the Lonn as agreed. Borrorver is not a party to the Mortg2ge Inswance. Moxtgage insurcrs evaluate Uieir fotal risk on all such iusurance in farce&om tirne to tiine, end mag enter into agrccmente wilh other parties that sbare or modify tlieir riek, oc reduce losses. These agreements a��e on � tcrms �nd couditions th�t nre eatisfactory to the inortgage insurer euid the otUer party(or partics) to tl�esa agreements. These agreements may require tlie mortgagc insurer to mako paymcnls using ai�ip source o�f fimds that the�liortgage insm�er ma�y bave uvailablc(whiel�may include fimcis obt¢ined fiom Mortgage Inaurnuca premiums). Ae a resLilt of H1esa ageccmoiife, Lend�r, eny purcheaec of the Note, enother ivsurer, any reii�surer, aaiy other cntity, or any aLGliale of any of the foregoing, may receive(directly ar indirecHy)zunoimts tl�xt derivc from (or uzight be characCerized as) a portion of Borrowcr's payuienfs for Mortgage Insurance, in excheuge for sharing or modifying tl�c niortgage insurer's risk, or reciueing losaes. If auch flgreeinevt provides that vi affiliate i3f'Lender takes a sh�re of the insurer's risk in exchange foc ashlre of the premiwns paid to tlie ineiu�er, Che tu�rangement is often termed "captive reu�sw�anco," Furthcr: (a) Any snch ngrecmonts will not affect tl�e amonnCs ChaC Borrower Iws agreed to pa�y for Mortgage Lisnrance, m• any otl�er terms of lhe Lnfln. Sncli agreements will noC incrcaeo tho amount BorroWer will o�ve fm•Mortgage Insnrance, ancl Yltcy will not entitle BorroWer tu ;u�y re£und. (b) Any suuli agreemenUa will not affect tlie �4ghts Borrowcr lina -if nny-witti rexpect to tl�e MorCgage Insnrna�ce nndor the Flomcowners Protection Act of]99A or smy otl�er law. These righYs may iaaclndo tl�c right to receive certain disclosm�es, Co reqnest�ncl oUtain canecllxtion of tlic MorYgage:Insurnnce, tn hnve CLe NIortgnge Insurnnco tcrminatcd nntomaLically, mid/or to receive a refnnd of Tny Mortgnge Insarance pirominms th:if were imearned xt the t9rne of sacl� cancellatimi or terminaYion. 71. Assignment Df M iscellaneous PYOCeeds; FoYfeitUPe. All Miacellaneous Procccds are herel�y assignecl to and shall Ue p2id tu Lender. ff thc Property ia dnmaged, such Miscellaneous Proceeds shall be applicd to resLorlLion or repair of the Property, if the reetoraCion or xepair is economically feasible and Lender's security is not lessened, Dm�ing such rapair and restora�ion period, Lender shnll have tha righY Yo hold snch Nliscellaneous Procceds until 4endcr hae ht�d au opportunity to inspect such Property to enaure the work has Ueen oonipleCecl to Lender's 240�2305 NEHRA9KA-91nAle Famlly-Fnnnle MaelF�otldle Mao UNIFORM INSTROMFNT Form 3020 1101 vnv P c� vn�Ns�NE�(t ro a� Wolimo Kluw m Financlal Scrvicee Pa�e B o�1]