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��14��13� <br /> continue to pay�o Len�.er the amount o#'�he separately des�gnated payments�ha�v�rere due when�he <br /> �nsurance co�erage ceased �n be�n�ffe��. Len�er�►ri11 accept, us�and retain these paym�nts as a <br /> non-refundable loss r�serv�in lieu of Mor�gage �nsurance. Such l�ss reserve shal�be non-r�fundab�e, <br /> notwi�hstanding�he fac���a��he Loan �s ul��mately paid in fu11, and Lender sha�l not be requ�red�a pay <br /> Borrow�r any in�erest or earnin�s on such loss res�rv�. Lender can no��nger require Ioss reser�ve payments <br /> �f Mor�gage�nsurance co�erage�in the amoun�and far the periad�ha�I.�nder requir�s�pro�ided b�r an <br /> �nsurer se���t�d�y L,�nd�r again bec�mes a�railabie, is nb�ained, and I..�nder requ�res s�para�e��de�ignated <br /> paym�nts toward�he pre�maums f�r Mor�gage Insurance. If Lender required M�rtga�e�nsurance a�a <br /> cond�t��n�f making the L�an and Barrawer was requ�red t�make separate�y designa�ed payrnents toward the <br /> pr�miums for Mart�age�nsurance, Borrawer sha��pa�r the pren�ums required to maintain Mortgage <br /> Insurance �n effect, or to pro�ide a non-r�fundable loss reser�re, unt�� Lender's requ�rern.en�for Mor�gage <br /> Insurance ends in acc�rdance with any wr�t�en agreement between Borrower and Lender prov�ding for such <br /> termina�ion or until tern�nation is required by Applica�ie Lavv. Nothing �n�his Section I�affec�s <br /> Borr��v�r's obligation to pay �nterest a�the ra�e pro��ded in the Note. <br /> M�rtgage Insurance reimhurses Lender�or an�en�ity�hat purchases�he No�e} for certain I�sses it may incur <br /> �f Borravver d�es no�r�pay�he Loan as agreed. Borrawer is no�a par�y to th�Mor�gage Insurance. <br /> Mor�gage in�urers e�a�ua�e the�r tota�r�sk fln all such insuranee in f�rce from.��me to t�me, and x�aay enter <br /> into agreements�vith other par�ies that share or madify their risk, ar reduce losses. These agreemen�s are on <br /> �ern�.s and condi�ions�hat are sa�isfac�or����he m�r�gage�nsurer and�he other par�y�or par�i�s} to�hese <br /> agreements. These agreements may requ�r��he mortgage insurer�o make paym�nts usir�g any source of funds <br /> that�he mor�gage�nsurer may ha�e ava�lable��vhich may include funds�b�ained fr�m Mor�gag��nsuran�� <br /> premiums}. <br /> As a resui�of these agre�ments, Lender, any purchaser of the N'o�e, ano�her insurer, any reinsllrer, any o�her <br /> en��ty, or any affiliate of any of the foregoing, ma� r�c�ive�direct�y or�ndirec�ly} amounts�ha�der�ve from <br /> �or m�gh��e Gharacter�zed as} a port�on of Borrower's payments for Mort�age�nsuranc�, in exchang�for <br /> sharing�r modify�ng the mor�gage�nsurer's r�sk, or r�ducing�osses. �f such agreem�nt�rovides�ha�an <br /> aff���a�e af Lender�akes a share af the�nsurer's risk in ex�ha.nge for a share of�h�premiums�aid to�he <br /> �nsur�r, the arrangemen� is often termed "�aptive reinsuranc�." Fur�her; <br /> �a} Any such agreements ►w�ll no�affec�the amoun#s that Borrower has agreed�a pay for Mortgage <br /> Insurance, or an�other term�of the Laan. �u�h agreements w�i�not�ncrease the am�unt <br /> Barrower will fl��e for�ortgagQ Insurance, and�hey wi�l not en�i��e Borrower to any refund. <br /> t[�� Any such agreemen�s will not affec�the rxghts Barrovver has -if any-with respe�t to the <br /> N�artgage Insurance un�er the Homeowners Pro�ec�xon Ac�of 1998�r any o�her�a�c�v. These r�gh�s <br /> may inc�ude the r�ght to rece�ve cer�ain disciosures, to request and o�ta�n cancellation of th� <br /> Mar�gage Insurance, to ha�e the Mortgage Insurance terminatQd automatica�ly, andlor to r�e�►ve <br /> a refund of any Mortgage InSurance prexn�ums tha� ►were un�arned a��he time af such <br /> cance��a��on or ternz�nat�on. <br /> '17. Assign�ment of M�scellaneaus Pr�ceeds: Farfeiture. All Misce�laneflus P�-o���ds are hereb� assign�d to <br /> and shall ��paid tfl Lender. <br /> If th� Pr�pert� is daznaged, such MiscellaneQus Proceeds sha11�e applied�� res�oration or repair of�h� <br /> Prflperty, if the restoration ar repair is ecanomically feasi�ie and I.ender's security is not lessened. During <br /> such repair and restarat�nn period, Lender sha��ha�ve the right to h�id such Miscelianeous Fraceeds un��� <br /> Lend�r has had an oppar�unity t� inspe���uch Proper�y�a ensure�he v�rork has�een comple�ed to Lender's <br /> N�BRASKA-Sir�gle Famiiy-�annie MaelFreddie Mac�NI�QRM iNSTRUMENT �arm 3�28 i 141 <br /> VMP(� VMP6�NEf�13Q2} <br /> Wolters Kluwer�inanciai Ser�ices Page 9 af 17 <br />