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. ��14��9�1 <br /> con��nue�a pa� to Lender�he amaunt of�he separat���r designated payments tha�were due when the <br /> insurance caverage ceas��t�be in effect. L�nder wi�I a��ep�, use and reta�n the�e payments as a <br /> non-refundabi�Ioss res�r�e in�ieu of Mor��age �nsuran�e. Such�oss reserve shall be non-r�fundab�e, <br /> notw��hs�andin�the fac��ha��he L.�an is ul�imatel�paid �n fu�l, and L�nder shail n�t be requ�red to pay <br /> Borro�r�r any interest or earnings an such loss reser�e. Lender can na longer require lass r�serve paymen�s <br /> if M�rtgage�nsurance ca�r�rage�in the amount and far�he per�od that Len��r requires}pro�id�d by an <br /> insurer se�ec�ed by Lender aga�n becomes available, is obtain�d, and L.ender requires separate��des�gna��d <br /> pa�ments�oward�he pr�m.�urns for Mor�gage�nsurance. �f Lender required M�r�gage�nsuran�e as a <br /> c�nditi�n of making the Loan and Borrovver was r�quired to make separa�e�y designated pa�men�s taward the <br /> prem�ums for N[or�gage Insurance, Borro�r�r sha��pay the premium� required�o m.a�nta�n Mor�gage <br /> Insurance�n effect, �r to prov�de a non-r�fundab�e Ioss reserve, un��l Lender's requ�remen�for M�r�gage <br /> Insurance ends in accordanc��rith any wr��ten agreement between Borro��ver and I.�nder prov�ding for such <br /> term�na�ian or until ��rminatian is required�y App��cable Law. No�hing in this Sectinn ��affects <br /> Borrnwer's obl�gation�o pay in�erest a��he ra�e pro��ded�n th� Not�. <br /> M�r�gage�nsurance r�imburse�Lender�or any en���y tha�purchases �he Note} for certa�n losses i�ma� �ncur <br /> if Borrower does no�repay the Loan as agreed. Borrower is na�a par�y t�the Mortgage�nsurance. <br /> Mar�gage insurers eva�uate�he�r to�a� r�sk on all such insurance�n force fram t�me�o�ime, and may enter <br /> in�a agreements with�ther parties�ha�share or modif�r their r�sk, or reduce losses. These agre�ments ar�on <br /> �erms and cond��zons that are satisfa��ory to the�rnor�gage�nsurer and th�o�her par�y�ar par�ies} �o these <br /> agreements. These agreements ma� require the mortgage insurer�o make paymen�s using any source of funds <br /> tha��he martgage�nsurer may ha�e avai�a�ie�v�ah�ch may inc�ude funds ob�ained from Mor�gage�nsuran�e <br /> premiums}. <br /> As a r�sul�of thes�agreem�nts y Lend�r, any purchaser af the Note, ano�h�r insurer, any reinsurer, any�ther � <br /> en��t�, or any aff�l�ate�f any of the foreg�ing, �nay r�ce���(directly or indire��ly} anzflunts that der��e from <br /> �or mught he character�zed as} a par�i�n of Borrov�er's pa�men�s for Mortgage �nsurance, in e�change for <br /> sharing or modify�ng the n�ortgage xnsurer's r�sk, �r reducing �osses. �f such agreemen�pro�ides that an <br /> afti�ia�e of Ilender�akes a share of�he insur�r's r�sk in e�change for a share of the prem�ums paid to the <br /> �nsurer, the arrangement��often�ermed "cap�iwe re�nsurar�ce." Further: <br /> �a� Any such agreemen�s wil�not affec�the amounts�hat Barr�wer has agreed to�ay �or Mortgage <br /> Insurance, or any oth�r terms of�he Loan, �uch agreements��vi�i nat increase the amE.aunt <br /> Borrow�r will owe for Nlortgage Insuran�e, and they w��� not�ntit�e Borrower to any refund. <br /> �b� Any 5uch agreements wil�no�affect the r�gh�s Barrovver has-�if any �-wi�h respe�t to the <br /> Mar�gage Insurance under the I3onr�eo��vner�Pro�ect�on Ac�af 1998 or any o�h�r�aw. The�e r�ghts <br /> may�nclude the r�ght�v receive c�r�a�n disclosures, to request and ob�ain cance��a�xon of the <br /> Mor�gage Insurance, �o ha�e the M�r�gage Insurance�erminated automa�ical�y, andlvr to recei�e <br /> a refund af any�Vlar�gage InSuran�e prem�ums�hat were unearned at the time��such <br /> cancellation or�erminatian. <br /> �7. Assignm�nt of Ni�scellanevus Prviceeds: Forfeiture. A�� M�sceilaneous Proce�ds are hereby assigned�a <br /> and shali be paid to Lender. <br /> If the Proper�y is damag�d, such M�scel�aneous Proc��ds shal�be appi�ed to res��ra�ion or repair of�he <br /> Proper�y, �f th�rest�ration�r repair is ecanom��a��y feas�bie and Lender's secur��y is no��essened. During <br /> such repa�r and restora�ion per�ad, L�nder shall ha�e�he r��ht to ho�d such M�s�ellaneous Pro�eeds unt�� <br /> Lfender has had an oppor�unity to �nspe�t su�h Pr�pert��o ensur�th�w�rk has been compl�ted to Lender's <br /> NEBRASKA-Single�amily-�annie MaelFrerldie Mac I�NtFDRM 1N5TRUM�NT �arm 3D�8 71�1 <br /> VMP[� VMPfitNE���302� <br /> Wvlt�rs K(uwer�inancial Services Page 9❑f 17 <br />