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��14�4��� <br /> �ont�nue�o pay �o Lender the amaun��f�he separate�y d�s�gna�ed pa�men�s that were du�v�rhen the <br /> �nsurance coverage��ased to be in effe��. Lender�i�� accep�, use an.d reta�n�h�s�payments as a <br /> non-r�fundab�e loss reserve in lieu of Mortgage Insurance. Such�oss res�rve shal�be non-refundable, <br /> nQ��v�ths�anding the fact�hat the L�an is u�t�ma��iy paid in full, and L.ender sha��nat be requ�red�a pa� <br /> Borrawer any �n�er�st or earnings on such�oss reser�e. L�nder can no�ong�r require��ss reserve paymen�s <br /> if M�rtgage Insurance c��erage�in the amount and for the period that Lender r�qu�res}pravided�y an <br /> �nsurer selected by Lender again be�omes availa��e, is obtained, and L,�nder requires separate��r des�gna�ed <br /> pa�ments��ward the prema�ums for N�C�r�gage�nsurance. �f Lender required Mortgage Insurance as a <br /> c�nd�tion of mak�ng the Loan ax�d B�rrower�va5 requ�red�o make separate��r d�signated paymen�s�oward�he <br /> premiums for Mor�gage�nsurance, Borrov�rer shal�pa� the pr�miums requ�red to main�a�n Mor�gage <br /> Insurance iri effec�, or�o pro�ide a non-refundab�e�ass reser�e, unti� Lend�r's requiremen�far Mar�gage <br /> Insuran��ends in a��ordance w��h an�wri�ten agreemen�between Borrower and Lender provid�ng for such <br /> terminati�n or until term�na�ion�s required b�Applicabl�Lavv. Nothing xn this Sect�on �.�affects <br /> B�rrovver's obl�gation to pay int�rest at the ra�e pr�v�ded �n the Note. <br /> Mor�gag�Insurance reimburses Lend�r��r an�r ent�ty tha�purchases�he No�e} for cer�ain Iasses i�may incur <br /> if Borrov�rer does no�repay�he Loan as agreed. Borr�wer is nat a par�y to the M�r�gage Insurance. <br /> Mor�gage�nsurers e�alua�e their t��a� risk on aii such insuranc�in farce fram time�o tim.e, a�a.d may�nter <br /> into agreemen�s w�th other part�es�ha�s�ar�or mod�fy�heir risk, or reduce�osses. These agreenzen�s are an <br /> ��rms and c�nd�t�ons�ha�are�a��sfac�ory�o the mor�gage insurer and the other par�y �or parties3 to these <br /> agr�e�nen�s. These agreements ma�requ�re the mar�gage insurer to make paymen�s using any sourc�of funds <br /> tha��he mortgage�nsurer may have a�ai�able�which may �nclude funds abta�ned frflm Mor�gage�nsurance <br /> prerniums}. <br /> A�a resul�of these agreement�, L.�nder, any purchaser af the Note, another insurer, any re�nsurer, any�ther <br /> en�ity, or any affi��a�e of any of�he f�regoing, may re��i�e�directly or indirec�.�y} am�un�s�ha�derive fro�m. <br /> �or r�ght be charac��r�zed a�� a por��on�f Barr��er'��a��ent�fQr�o�tga�e�nsu�ance, �n e���ange for <br /> shar�ng�r modifying�he mar�ga�e insurer's risk, o�r reduCing ��sses. Zf such agr�emen�prov�des tha�an <br /> aff��ia�e of Len�.er�a�es a share of the insurer's risk in ex�hange for a shar�of�he pr�miums pa�d to�he <br /> �nsurer, the arrangemen�is af�en ternled "cap��ve reinsuranc�." Further: <br /> �a� Any such agreements w�ll not affec�th�amounts that Borrower has agreed to�ay for Mortgage <br /> Insurance, vr any other terms of the Laan. Such agreem.ents wi��not increase th�amount <br /> Barrower w���owe for 1Vlortgage In�urances and they►will not entitie Borrower to any refund. <br /> 4 b} Any such agreements vvil�not affec�the r�ghts Borrower has-if any-with respect to the <br /> Mor�gage Insurance und�r the I�omeowners Prote���on Act of 1398 or any o�her�avv. These rights <br /> may include the r�ght to r�ce��e certain disclosures, to request and obtain cancei�at�on of th� <br /> Mor�gage Insurancey to have the Mar�gage Insuranc�terrr�inated au�omatica��y, andlor tv re�ei�� <br /> a refund of any Mor�gage Insurance prem�ums that were unearned at the tin�e of such <br /> �ance��a��on ar termina�ion. <br /> 'I'I. Assignment of Misce��aneaus Proceeds; Farfeiture. A�� Misce�ianeous Pr�ceeds are hereby ass�gned�o <br /> and shali be paid ta Lender. <br /> �f the Prap�r�y �s damaged, such M�sce�laneous Pro�eeds sha11 be applied to restorat�on�r repa�r of��ie <br /> Proper�y, �f�he restara�ian or repair�s e�onom��a���r feasible and Lender's �ecurity is na�lessened. During <br /> such repair and restorati�n p�riod, Iaender shall have�he rxgh�to h��d su�h M�s�el�ane�us Pra�e�ds unti� <br /> Lender has had an opportunity�o �nspe�t such Proper��fio�nsure the work has been comp�eted t� Lender's <br /> N�BRASKA-5ir�gle Family-Far�nie Mael�reddie Mac UNI�QRM iNSTRUMENT Form 3D28 1l41 <br /> VMP[r�] VMPfi[NE}�13Q2) <br /> Wolters Kluwer�inancial Ser�ices Page 9 of'�7 <br />