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��14����5 <br /> canti�l�.�e to�aay i:o Lender t�e amount of�he separate�y designated payments tha��ve��e due�whetl�he <br /> ii�s�t�ance co�erage ceased�o be in effec�. Lendet�vv�1� �.ccep�, use�.ri�.r��ain these payme�.�s as a <br /> r�on�t�efunda�le 1�ss Y eserve in lzeu oF Mortgage Ir�su��ance. Such loss reser�e shall be�Zot1-ref'u�ridable, <br /> no�wi�:hs�anc��ng the fact tha�the Loa�i�u1ti��a�e1y paid�n fu1l, �.nc�Lende�•s�a11 no�be�ec��.�i�ec�to pay <br /> Bar�-owet•any interest or e�.rriin�s on sL�ch loss�eser�e. Lende.r can t10 longer�•eq�.�it•e loss rese�rve payn�ents <br /> if Mo�•tgage Insut•�.�ce coverage�in the�.moun��.nd for�he pe��iod tha�L'ender t�ec�L�ires}ptiovided by ar� <br /> ir�su�•e��se�eG�ed�y Le�der agatn beco�nes availa�b�e, ts o�tained, and Lender requi�es sep�.t°a�e1y designated <br /> �ayrner�ts to�va�d��1e pren�iums�Cnr Mortgage Ins�rance. If Lender requit�ed 1Vlor�gage Insl��ance as a <br /> conditio�af n1al�ing��e Lo�.n and Bor��ov�er was reqt�ired�o ma��e separa�ely des�g�a�ed payments�o,t7vard�h�. <br /> premit�ms for Mor�gage�risura�ce, Bo��rower s��a:11 pay���e���emiun�s requrr�d�a tnaintai��Mo��tgage <br /> Insuranc�in efFect, or�o prav�de a�on reFu.�dable Ioss reserWeg t�n�i1 Lender's�•eqL�ii�ement for Mor�gage <br /> �nsutia�ce ends in ac�ordanc�wi�11 any v�rit�en agreemet�t between Borrovvet•and Lende�p��oviding fat•such <br /> te1 minatiot�o�•u���1 te�mina�ion is requY�red by App�ical��e Law, Na�hir�g rn th�s Sec�ian �.�affects <br /> B�rrovver's obligatio��o pay in�e�est at t��e ra�e provi�ed in��ae Note. <br /> 1Vlor�gag�I-�surance t•ezml��.��ses Lender��ai any en�ity 1;ha�put•c��ases�he Note�for�e���ain lasses��tnay incu�• <br /> if Borrawet•does t1o�re�aay the Lnan�s agreed, Ba�•�o�vef•is nat a par�y�o t��.e Mortgage Zns�l�•a�1ce. <br /> Ma��gage tt�s�.�t•et s eva��.�a�e thei�•tot�:i�is��on a11 s��ch�nsu��atice i��force fro�n time�o�itne, and�rnay enter <br /> xt�to ag��eements�vit�i otl�e��par��es�l�a�sh�.��e ot�modify�lleir rxsl�, oY•reduce�osses. These agreements a��e on <br /> ��f•r��s a�d co�adi��a��s that are sa��sf�ctory to the��.o��tgage insut•er ar�d�he other par�y�or pat��ies�tio tllese <br /> ag��eetnents, '��`�Zese agreements�.�.ay reqL����e t�ie rno�•��;age insut•er�o mal�e payn��n�s using an�sou��ce�f f.unds <br /> ���a��he na.o�.•tgage insu�er may haue available��hieh n�ay inclu�e fu�ac�s o�tained from.Mortgage�ns�x�,ance <br /> pt�e�ntums�, <br /> As a�esu1�o��hese agree�me��ts, Lender, �t1y pux c��ase�'4���7e NO��y anot�er insL�t�er, �ny reinsurer, any other . <br /> enti��, ot��.n�affi�ia�e of�.ny of�he fot•egoing, may rec���e�di��ectly or��l�irectl�� atlloun�s t��at derive rrom <br /> �ar migh�be characte�ized as) a portion o�C]3ot�.t�awe��'s paymen�s fo�•Mor�g�ge I��s�.��anee, in�xch�nge.for <br /> sh�.ring o��mo�ify�ng�he mort�age insr.���e�•'s�rislc, nt�t�edu�ing losses, If such ag�eemen���•ovide�tllat an <br /> affilia��of L�nder tal�es a s�:ta�•e of t11e insut�et�'s risl���.e�change for�.share af the p��etr�iu�ns�aid.�o the <br /> irisure�, �he ari�ange�nent�s of�en te��ned"cap�ive�•einsut ance," Ft�t•t1�et•: <br /> ��} Any stXch agreeme���s wi.11��a��ffec��he�naoun�s tha�Borrower has ��reed�a p�y for Mor��a�e <br /> Insurnr�ce, or�ny v�laer�erms of the Loan. �u�l�ngreemei�ts wil�rio�increas��h�an'ount <br /> l3orr�wer wili owe fnr Mnr�ga�e Insurn��ce, aY�d�l�ey will no�enti�le Borrowex ta an�refulYd. <br /> �b} Any�uch agreements will not affec��he z•i�l��s I3nrrawer l�as-if nx�.y�w�tl�respect to�he <br /> Mar���ge Insurance u��.der�he FIomeowners Pr4�ec��an Ac�of l99$or a��.y otl�er law, These r��lx�s <br /> may inclirde�l�e righ��o r�cexve cer�n�n d�sc�osures, to reqY�es� and�b�ain canceilation of�he <br /> N.�or��n�e Ins�xraz�ce, �o I�ave�he Mar�gnge Ins�zra�lce��rminR�ecl nu�om�.�ic�lly, nndlar�a receive <br /> a refund�f���y Mor�gage Insurance premiurn.s�ha�were un��rne�R��he�irne of such <br /> cancelia�ion or termin��xon. <br /> '!�I. A�signmen� af Itil[iscellanevus Proceeds; F�rfeitur�. A11 Miscell�.neous Pt�oc�ecl�are he�e�y assig��ed�o <br /> a�t1d sl�a�1 be paid�o Le�ldet, <br /> I:f�he Property rs dan�aged, suc111Vliscell�.��eo���'ro�eec�s s1�a11 be app�ied to res�oration or��ep�.ir o.f:��Ze <br /> Prap�r�y, �f xhe�es�oration or rep�ir rs eco��o�raically feasible and Len�er's SecL�ri���s 1�ot lessened, Dut�i�g <br /> suc��t�epair�.���.�esto��ation p�t�iod, Le�der sha�1�i�.Ve the right�o�Zo1d suc��Miscellar�eous Proceeds�.�n�i1 <br /> Lei1�.��•1�as�i�d at�oppox•��.�x1it�to iris�ec�:such Propet•�y�o ei�s��re�the�vot•1{�as�een co�npleted to Lenc�er's <br /> ' 24�a5883 <br /> N�B�ASKA-Single�amily-l�annie Mae�Freddie Mac IJNI��RM INS7Rl1M�N7 Form 3�28'11�� <br /> 11MP p VMF'G(NE�{�302} <br /> Walters Kluw�r Finanoiai Servloes p�g�g���� <br />