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��14�37�3 <br /> cantinue to pay��Lender the amaunt af the separate�y d�s�:gnated pa�m.ents that were due v�rhen t�e <br /> i-nsurance cov��age cea.sed to be�n effect. Lexxder w��1 accept, use a�a.d re�ain these paymen�s as a <br /> no�re�urid.a.�1e�oss reserve irz Iieu af Nlortgage In.surance. Such loss reserve sha1�b�non r�fi�dable, <br /> �iatw�.tlzsta:n�g the faGt�h.at�he Loa.r��s u��imately�ai�d i-�fu��, and Lenc�er s�ia.l�not be re��.ured tfl pay <br /> I3ax�r�wer a:�y�nterest Qr earr�ings an such loss reserve. Lender car�no�onger r�quire lass r�s�rve payrn.�n�s <br /> if Mor�gage Insuran.c�c�verage��n�.he amount ar�d f�r�he period.t�iat Lende�requires}prov�.ded by ax�. <br /> insurer selected by Lender again b�corn.es availabl.e, is ob�a�ned, ar�d Lend�er requ�res separately des�gna�ed <br /> pay�ments towaxd the prem�untis for Mortgag�Insurance. If Lender req�.ired Martgage In�ura�ce as a <br /> condit�.on of making the Loan and Barr��xrer was requ�r�d.to make separate��r des�gnated paymen�s taw�d�ie <br /> �re�ums for Mox�gage Insurance, Borrower shall pay the premiums requ�.red ta ma.xntain Mortgage <br /> Insurance in effec�, ar�a provide a non�-refundab�.e lnss reserve, unti�Lex�der's requ�irement for M�rtgage <br /> Insurance ends�n accordar�ce with any writ�em�.g�-ee�ent between BoYr�wer and.L.�nder prov�.ding fo��uc�i <br /> ter�nat�:on or�:n.��1�ermina�on is r�c�u�red.b�l�p�lic�.��e T�.a�xr. Nothing��this Sec�ion �fl affe��� <br /> �orrower�s����gatian�o pay xnterest at tl�e xate�ar��idec�in�e IV oi�. <br /> Nlor�gage Insura�.ce rei7mburses L�nder[or any e�.t�.�ty��iat pur�hases the l�I-�te} far certa.in�osses�:t may�cur <br /> �.f�rr�wer does nat repay the Loan as agreed. Borrower�s no�a pasty�o the 1.Vlortgage I-�.surance. <br /> Mor�gage�nsurers evaluate�.ie�r tota�risk on a1�.such irisuran��it�.farce from time to time, and may en�er <br /> anto agreements u�th a�her part�e��hat share or mc�dify�heir r�sk, or reduc�IosSes. The�e agreem�nts are on <br /> �erms and conditio�.s that are satisfac�ary tv�he mortgage in.,surer and the other party�or�a�ies�to th�se <br /> agreements. These agreements may require�he max-�gage in�urer to make payments usi-�.g any source flf funds <br /> �hat�h.e mortgage ia�suxer may have avai�.able�which may ixzc�ude fumds o�btained frorn Mortgage Insura�ce <br /> premiums�. <br /> As a x�sult of�hese a.greements, Lende�-, �nny p�r�haser of�he 1V ote, ana�.her�surer, amy re�.za,surer, any oth.er <br /> e�t�ty, ar an�a.f�'ilia�e�f any of�h�foregoir�g, rn.ay�eceive�c�.rectly or�ndirect�y} �.n�.oun�s tlzat d�r�ve from <br /> [or migh��e characteriz�d as��.part�arx of Barrov�rer's�ayments for Mor�gage�n.sura.nce, in e�change for <br /> sharing ar moc�fying the mor�gage�x�surer's r�sl�, flr re�ucing losses. If such agreemen�pr�v�.des that an <br /> aff liate of Lender takes a shar�of th�insurerT s risk�e�chaxige f�r a share of t��prexn�ums paid�o the <br /> insurer, �he arrangement is ofter�.termed"captiv�z�e�nsurance.�' Further: <br /> ��} �y su�h a:gree�ri��-�s�n�t�.ffect the�mownts that�oxra�ver h�s ag�eed t�p��f�r 1Vlortgage <br /> I�s�am��, or any v�her terms of the Loan. Su�h agre�ment��i�.x�ot ir�c�e�.se t�e a�au�t <br /> Borrn�wer w�l�.owe far Mortgage Ins�.rance, and they�i�.n�t enti:�e]g�rr�vv��r��a:ny r�funda <br /> �b} An�su��agr��ment��ill not aff�ct the�ght��or�-�wer ha�-if any-w�t�res�a�et to the <br /> Nl�rtgage Insurance un�er the Ho�eo�.�rs Protectian Act af 19�5 or any�t�er law. `I'liese rxg��s <br /> �rnay�clud.e�he xz.ght ta receive certa�xa d.�s�losures, to r�quest and obtain canc�ll�.t����f t�ie <br /> 1V���tgag�InSura�.ce, to have th�Mo�tgage Insu�ance ter�u�ate��utomatically, �.ndl�r t� re�eive <br /> a refu�d�f an.y l�ortgage Insurax�.ce�remiu�s�.at wer�unearn:ed at the time�f suc� <br /> c���eIlat�on or terminatian. <br /> '�'[. Ass��nment of M iscef�aneous Pro�eeds; Forfei�ure. A�l.M�.scellaneous Pr�Ceeds are her�by ass�gned to <br /> and shall be�a�d to Le�.der. <br /> If the Prope�i.s damaged, �uc�M�scel�ar�.�ous Proceeds sha1�.be ap��ied�o restora�io�or repair of th� <br /> Propert�-, �.f t��rest�ration or re�air is e�ox�omica��y fea.�i.b�.e and Lenc�er's secu:rity�.s not�esser�ec�. JDuri-ng <br /> suc�i re�pair�d�estorati�n�er�.odl, I�en�er sha1��ave�h.e r�ig�ht to ha�d such IVlisee�ar�.eous Pro�eeds u�a.t�:� <br /> Lender ha�h�.d an apportunity�a xnspect suc�1'ro�er�r to er�.sure the work has be�completed��o L�nd.�r's <br /> 244�63�2 <br /> NEBRASE{A-Single Family-Fannie M aelFr�dd9e M ac UNIFDRM fNSTR�M ENT Form 3�28 1!D� <br /> VM P� VM PPaN��}g1�p2� <br /> W aiters Kluw er Fi�ancial S.ervic�s <br />