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201301557 continue to pa) to I.r.nder the amulet of the separately designated payments that me€c due when the insurance cm erage ceased to be in effect. Lender will accept. use and retain these pal meats as a non-refundable loss reserve in lien of Mortgage Insurance Such loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full. and Lender shall not be required to pal Borrower an interest or earnings on such loss reserve. Lender can no longer requite loss resent payments if Mortgage Insurance coverage on the amount and for the (xi Lod that Lender roquiresa provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Bonower was required to make separately designated payments toward the premiums It'r Mortgage Insurance, Borrower shnli pay Ile premiums required to maiulam Mortgage Insurance 111 effect. or to provide a non-refundable loss resl.nc, mild Lender's minutemen( for Mortgage Irsnr;plL� end- in accordance wuh any written agreement bear eon Borrower and 1 et nlcr pro)idng for such termination nr until termination is required by Applicable l.aw• Nothing m This Sedum lo affects Borrower's obligation to pay interest at the rate provided in the Note. Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain losses it mat incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and may ether into agreements with other parties that share or modify their risk. or reduce losses These agreements arc on terms and conditions that are satisfactory to the mortgage insurer and the other party for parties) to these agreements. These agreements may require Ile mortgage insurer to make payments using any source of Ihads that the mortgage inswer may hose a)ailable (which may include funds obi%nned (lour Mortgage Insurance premiums) As a result or these agreements,Lender. any purchaser of the Note, another Incliner, all' Icmislnei. alt] other entity. or an' affiliate of any of the foregoing. may receive {directly or indirectly) amounts that derive from (or might be characterized as) a portion of Borrower's payments for Mortgage Instil-anee, in exchange fm sharing or modifs ing the mortgage insurer's risk. or reducing losses. If such agreement provides that an affiliate of Lender takes a share of the insurer's nsk in exchange for a share of the premiums paid to the insurer. the arctngemeat is often termed "captive reinsurance." Further: (a) Ann such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance,or any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage insurance, and they will not entitle Borrower to any refund. (b) Amt suit: agreements will not affect the rights Borrower has- il',t n. - arils respect to the Mortgage Insurance under the Homeow ner.s Protection Aci of 1998 or ails other law. These righta may include the right to receive certain disclosures, to request and nMain cancellation of the Mortgage Insurance,to have the Mortgage Insurance terminated automatically,and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such cancellation or termination. 11. Assignmentof MiscellaneousProceeds;Forfeiture.All Miscellaneous Proceeds are hereby assigned to and shall be paid to Lender. If the Proper.} is damaged. such Miscellaneous Proceeds shall be applied to restoration or repair of the Property. if the restoration or repair is economically feasible and Lender's secure} is not lessened. During such repair and restoration period. Lender shall have the right to hold such Miscelaneous Proceeds land Lender has haul an uppmhunk lo inspect such Properb to ensure the work has beui cungaleted to Lende: s NEBRASKA-Single Family-Fa-we Mae/Freddie Mac UN'FOFM lr'STRUMENT Form 3025 1 Ct VMP l) VMP6(NE)(I105i 00 Wolters Kluwer Finanoal Se,,yes Page`- o`17