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��14�351� con��nue�o pay�o L.ender the amount�f the�epara�e�y des�gna�ed payments tha�were�iue when the �nsurance coverage ceased ta be in eff��t. Lender wil� accep�, use ar�d re�ain�hese pa�ments as a non-refundab�e�oss reser��n Iieu�f Mor�gage Insurance. Such Ioss reser�v�sha��he non-refundable, not�ri�hs�and�ng�he fact that th�Loari is ultirn.a�e�y pa�d�n fu�l, and Lender sha��not be r�qu�red�o pay Borr�wer any in�erest or earnings an such l�ss reserve. Lender can no Ionger require loss reser�e payment� �f Mor�gage I�surance coverage�in the amaunt and for�he perxad tha�L.�nder requires}pro�ided by an insurer se�ec�ed by Lender again be�ames avaiiable, �s ob�ained, and Lend�r requ�res separatel�designated paym�n�s�av�rard the premiums for Mor�gage Insurance, If I..�nder r�qu�red Mortgag��nsurance as a candition of making�he Loan and Borr�wer was required to mak�separa�e�y designated pa�rments toward the premiums for Nlor�gage�nsurance, Barrower shall pa��he premiums required to main�ain Mor�gag� �nsurance in effect, or to provide a non-refundab�e loss reser�e, until Lender's requirement for Mor�gage Insuran�e ends in accordance vvi�h any wri�ten agreem�ent be�ween Borrower and Lender provid�ng f�r such �ermi.na�.ion or until term�nat�on�s requ�red by Applicab�e Law. N�thing �n this Sec��on 1D aff��ts Borrflwer's obl�gat��n�o pa�intere�t a�the rate prawided�n the No�e. M�r�gag�Insurance reirr�burses Lender�or any en�x�y that purchase�the Note� f�r certain lasses �t ma� �ncur if Borrower daes no�re�ay the Loan as agreed. Borrower�s no�a par�y��the Mor�gage Insuran�e. Mor�gage insurers�valuate their tatal risk on a�� such insuran��n f�rce from time�o��m.e, and may enter� into agreemen�s w��h o�her par��es�ha�share or mod�fy�heir risk, or reduc��osse�. These agreemen�s are�n �erms a�d��ndi�ions�ha�are satisfac�ory�o�he r��r�gage�x�surer and�he other party�or partie�} �o th�se agreen�.en�s. These agre�ments may require the mortgage insurer�o mak�paymen�s using any saurce of fund� tha�the mor�gage insurer may have a�ai�able�which may inciude fund�ob�ained fr�m Mort�age Insuranc� premiums}. As a result of�hese agreemen�s, Lender, any pUrchaser of the Na�e, another insurer, any reinsurer, any o�her en��y, �r any af�liate af any of the foregoing, ma�receive�direct�y or indirec�� amounts that der�ve from �or rnight be characterxzed as} a por��n af Borrower's paymen�s for Mor�gage�risuran��, in e�.change far sharing or rn�odifying the mor�gag�insurer's risk, ar reduc�ng Xfls�es. �f such agreement pra�id�s�ha�an affi��a�e of Lender�akes a share of th��nsurer's risk �n exchange f�r a share of the prem.iums paid��the �nsurer, the arrange�nent�s often termed "captzve rei�surance." Further: �a� Any such agreements wi��not affe�t the amounts that Borrower has agreed to pay for Nl�rtgage Insurance, ar any�ther terms�f the Loan. Su�ch agreement�will no�increase the amount Barrower w��awe for Mortgage In�urance, and they wili not ent�t�e Borrower to any refund, �b� Any such agreements wi��not affect the r�ghts Borrower ha��-if any�w��h respect�o the �Vlortgage Insurance under the�Iflmeovvners Pratect�on Act�f 1998 or any ather�aw. These r�ghts �nay�nc�ude the right to receive�erta�n disc�osures, to request and ob�ain cance�lat�on af the 1Vlortgage Insurance, to have the Martgag�Insurance term�.�nated autamat�cally, andlor ta r�ce��ve a refund of any Ni�r�gage Insuran�e prem�urr�s that were unearned at the t�me af such cancei�at�on or termination. 'i 7. Assignment af Misce�lane�us Proce�ds; F�rfeiture. A�� M�scei�aneous Proceeds are hereby assxgned to and sha�l be paid to I�ender. �f�h�Proper�y is damaged, such N��sce��aneaus Praceeds shal�be appl�ed to r�stora�ion or repair of the Pr�per�y, if the restora��on or repaxr�s ec�nomica��y fea��b�e and Lender's security �s no�I�ssen�d. Dur�n� such r�pair and res�ara�ian periady L,�nder shaZl have�h�rzgh�to hold such N��sce��aneaus Proceeds un��l I..�nder has had an o�partunity�� inspec�such Proper�y�o ensure�he v�ork has been compl��ed�� Lender's N�BRASKA-5ir�gle Famity-Fannie MaelFreddie Mac UNIF�RM INSTRUMENT Farm 3028 1101 VMP Q VMP6tNEj{7 3a2y Walters K#uwer Financial Ser�ices Page 9 of 17'