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��14�15�� continue to pay to Len�er the amount of the separate�y des�gnated payments that u�ere due when th� insurance coverage ceased to be in effect. L�nder�vill acc�p�, use and retain these pa�ments as a non-refundabl�loss r�serve in lieu of�Vlortgage Insurance. Such�oss reser�e shal��e non-refundable, x�otwithstanding the fact that the Loan is ultimate�y paid in full, and Lend�r shall nat be required to pay Borrower any interest or earxungs �n such loss re�erve. L�rider can no longer require I�ss r�serv�paymen�s if Martgage Insurance coverag� �in the amount and for the period that Lender requir�s�provided by an insurer selected by Lend�r again becomes ava��a�Ie, zs ob�a�ned, and Lender requires separa��ly designated payments to�vard the pr�miums for Mortgage Insuranc�. If L�nder requ�r�d Mortgage Insuran�e as a cond�tion of making the Laan and Borrov�er was requir�d to make s�parat��y designa�ed pa�rments toward the premiums for Mor�gage Insuranc�, Borrovver shall pay the premiums required to maintain Mortgage Insurance�n effec�, or to prflvzde a non-refundable loss res�rve, ur�til L�nd�r's requir�ment for Mortgage rnsurance ends �n accordance vvith any wr�tten agreexnent�etween Borrower and Lender provrding for such termination or until t�rm�natian is requ�red by App�zcab�e Law. Nflth�ng in this Section 1� affects Borrower's obligation to pay int�r�st at the rate provid�d xn the No�e. Mortgage�nsurance reimburs�s Lender�or any entity that purchases the Note}for certain losses it may incur �f Barr�Wer does nat repay the Laan as agree�. Borrov�er is n�t a par�y ta th�Mor�gage Insurance. M�r�gage insurers evaXuate�heir��tal risk on all such insurance in force fram time to time, and may enter int� agreemen�s�vz�h other par��es�hat share or modify their risk, or reduce Iosses. These agr�ements are on terms and c�nditz�ns that ar�satisfactory ta the mortgage insurer and the other part��or part�es}tfl these agre�ments. Th�se agreemen�s ma�requ�re the mortgag��nsurer to make payxnents using ar�y source of fund� that the mortgage insurer may have availa�le��vh�ch ma��nc�ude funds obta�ned fram Martgage rr�suranc� premiums}. As a result of these agreements, L�nder, any purchaser of th�Note, an��her insurer, any reinsurer, any other entity, �r any affiliate of an�of th�foregoing, may rec��v��dir�ctly or�ndirect�y} amounts that derive from ��r might be charac�erized as� a portion of Borrower's payments far Mortgage Insurance, xn e�.chan.ge for shar�ng or mod�fy�ng the xnortgage insurer's risk, or reducing losses, If such agr�ement prov�des that an affil�a�e of Lender tal�es a share of the insurer's risk in e�change for a share of the pr�miums paid to the insurer, th�arrangemen�zs af�en�ermecl "captive reinsurance," Fur�her: �a} �iny such a�reQment�wxl�not affec��he amounts tha�Borro�ver has a�reed to pay for 1Viort�a�� Insurance, or any other�erms of the I1van. �uch a�rQ�ments wxl�n�t�ncrease the amoun� Borrower will ovve for 1VIor��a�e Insuranc�, and tihey will nnt�nt�tie�orrotiver to any refund. �b� Any such a�r�ements will nat affect the ri�hts Barrawer has -if any�with r�spect to th� �Vlart�a�e In.surance under th�Homeovvners I'rotect�an Ac�of 199� or any other law. These ri�hts ' may�nc�ude the rx�ht to rece�v�certa�n d�sc��sure�, to request and obta�n cancQllatian of�he 1Vlor�ga�e Insurance, tio have the�Vlur��a�e Insura�cQ term�na��d automat�cally, andlor to rec�ive a refund af any 1Vlort�age Insurance premiums that were unearned a��he t�me af such cancel�a�ion or termina�ion. '1'I. Ass�gnm�nt �f �iscellaneous Proceeds; Forfe�ture. AI� Misce�Xaneous Proc�eds ar�hereby assigned to and shall be paid to Lender. �f the Proper�y is damaged, such Miscellaneaus Fraceeds sha�I�e appli�d to restoration or repair of the Prap�rty, �f the rest�rat�on or repa�r is�conom�cally feasib��and I�ender's security is not l�ssened. During such r�pair and restora�ion periad, I�ender shal�hav��he right to hold such M�sce��aneous Proceeds unti� Lend�r has had an oppartunity ta inspect such Propert�to er�sure the wark has been comp�eted�a Lender's NEBRASKA-Sir�gle Fami[y-Fannie MaelFreddi�Mac UNI�ORM INSTRUMENT Form 3C3Z8 11�1 VMP[� VMPfitNE7{13a2} Wolt�rs Kfuwer�inancial Ser�ices Pag�9 of�7