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��14�1955 <br /> continue�o pay to Lender�he amount nf the separa�ely des�gnated payments that were due v`rhen the <br /> in�suranc�co�erag��eased to b�in effect. Lender wi�l accept, use and re�ain�hese payments as a <br /> non-refundable Ioss reser�e in lieu of Mortgage Insurance. Such loss r�ser�e sha11 be non--refundab�e, <br /> notwithstandxng the facti that the Loan is ultimately paid xn ful�, and Lender shal�no�be required�o pay <br /> �rro�ver any interest❑r earnings on such loss reser`re. Lender can nn longer require�oss re�erve payments <br /> if M�rtgage Insurance co�erage��n the amount and for the period tihat Lender require.s}pro�ided by an <br /> insurer sele,cted by Lender agax.n becomes a�a�ilable, is abtained, and Lender requires separa�ely des�gnated <br /> paymenrs�award the pr�miums far Martgage Insurance. If Lender required Mor�gage�n�urance as a <br /> condixi�n.of making the Loan and Borrower vvas required to make separately designa�ed payments tvward�he <br /> premiums for Mortgage Insurance, Borrower shall pay�he premiums required to maintain Mar�gage <br /> Insurance in effect, ar�o pr��rid�a nan--refundable Ivss reserve, un��� I..�nder's r�quirement for Mortgage <br /> Insurance�nds in ac,cordance wi�h any w�it�en agreement�etwe�n E�rrower and Lender pro�riding for such <br /> rermi.na�ion or untii termxnatian is required by Applica.b�e La�r. No�hi.ng in�his Sect�on I�affects <br /> Borro�ver's obiigation xo pay interest at�he raxe pro��d�d in the Note. <br /> Mor�gage�n�urance reunburses Lender�or any entxty tha�purcha.ses the Note}for��r�ain�osses it ma.y incur <br /> if Borrower daes no�repay the Loan as agreed. Borrawer is no�a party to the Mortgage Insurance. <br /> Mor�gage insurers e�aluate their�otai r�sk on a11 such ulsuranc,�in force from time�o�ime, and may enter <br /> in�o agreements�vith other part�es tha�share or modify�heir risk, ar reduce losses. These agreemen�s are on <br /> tierms and conditioxLs tha�are sat�sfac�or}��o the mortga�e ix�,surer and the o�her party (or part�es}to these <br /> agreemen�s. These agreements may r�qu�re the mo�gage insurer�o xnake paymen�s using an.y source of funds <br /> tha�the mnrtgage insurer ma.y ha�e a►vailable(which may include funds obtained from Martgage Insurance <br /> pr�miums}. <br /> As a resul�of�hese agreements, Lender, any purcha.ser of the Nate, anv�her insurer, any reinsurer, any other <br /> entity, �r any affi�iate Qf any of the foregoing, may re�eive�directly or indirectxy} amounts that der��e from <br /> �or might be charac�erized as}a pflrtion of Borrower's paymen�s for Mortgage Insurance, in exchange for <br /> sharing or modxfying the mortgage in�urer's risk, or reducing 1o�ses. �f such agre�ment pro�ides that an <br /> affiliate of Lender takes a share of the insurer's risk�n exchange far a share vf the premiums paid to the <br /> insurer, the arrangemen�is often termed "capti�e re�nsurance." Fur�her: <br /> �a� Any such agreements�vill not aff�ct th�amounts that Borrower has agre�to pay for Mortgage <br /> Insurance, or any vther terms vf the Loan. Such agreements w�ill not increase the amoun� <br /> �rrower will owe for Mortgage Insurance, and they wiLi not ent�tle Borrower to any refund. <br /> t b� Any such agr�ments waill not affect the rights Borrower has�xf any-with r�p�t tv the <br /> Mortgage Insurance ur�der the Homeowners Protection Act of 1998 or any other�aw. Th�e rights <br /> may include the right to rece��e certain disclosures, to requ�st and obtaYn cancellat�vn of the <br /> Mortgage Insuran�e, to ha�e the Mortgag�Ix�sur�►nce terminated automatically, andlor ta recexve <br /> a refund of any Mortgage Lnsuranc.�premiums that were unearned at the tim�af such <br /> cancellation or terminanon. <br /> �'l. Asszgnment of Miscellaneous Proceeds; Forfe�ture. All Miscex�aneous Proceeds are hereby assigned�o <br /> and shai�be paid to Lender. <br /> If the Praper�y is dama.ged, such Misce��aneaus Proceeds sha11 be app�ied�o restora��on ar repa�r of the <br /> Prvperty, if�ie restoration or repa.ir is economicaliy feasib�e and I.ender'S seGurity is not lessen�d. Dur�ng <br /> such repair and restoration pe�.od, Lender sha1�have the right tv hold such Miscellaneous Procee�is untxx <br /> Lender has had an opporturuty�o insp�c�such Property ta ensure the wark has been completed to Lender's <br /> N�BRASKA-Single�amily-Fannie Mael�reddie Mac UNIFQRM 1N5TRUMENT �orm 3028�1�1 <br /> VMP� VMP6(NEf[7 3t]2).OD <br /> Walters Kluwer Financial Ser►�ices Page 9 af 17 <br />