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��14�454� <br /> continue to pay�o Lender the amaunt of the separa�e�y des�gnated paym�nts that were due when th.e <br /> insuarance coverage ceased�o be in effect. Lender ur�ll accep�, use and reta��hese payments a�s a <br /> �on refuridab�.e�.oss reserve Yn�ieu af Mortgage Insuarance. Such Iass reserve sha11 be non refundab�.e, <br /> n��withsta-�.clang�he fac��.ha��he Loan�s ult�mately paid in fix�.�, and Lende�shall n�t be requ.ired to pay <br /> Borrower a��interest ar earn7.ngs on such�oss reserve. Lender can no longer requ�re�oss reserve pay�nents <br /> �f Mortgage Insurance coverage(i-��e amount and far the period that Len.der requ�res�prov�ded by an <br /> ��asurer selec�ed by Lex�.der aga�n becames�.vai�abl.e, ��ob�ain.ed�, a:n.d Lender re�uires separate�y designated <br /> payments�ow�rd t�e prem�.ums far Mor�gage Insurance_ If Lende�requi.red Mor�gage I�urance as a <br /> c�nc�tion.af making the Laan and Borrovrer�uras required to make s�parat�ly des�gnated payx�aents towa�d th� <br /> prem�ums for Mortgage Insuranc�, B�rrower sha11 pay the prerniums required.�o ma�ntain M�rtgage <br /> Ir�suranee in effec�, or�o provxde a non refundab�.e I�ss reserve, unt��Lender's requ�rement for Nlortgage <br /> Ir�surance ends i:x�.accorda�ce with any written agreement bet�reen Borro�txrer a.nd Lender provid�ng f�r such <br /> �ex�ir�a�ion or unt�l�ermix�at�on is required by Ap�Iicable Law. No�hin.g�n this Sect�o�. 1 D affects <br /> Borrov�rer's obligation tfl pay int�rest at the rate�rovzd.ed�n the Not�. <br /> Mortgag�Insurance re�mburses L.er�c�er�o�any��tity�]ha�purchases�h.e Not��for certain�flsses��may ine�:r <br /> �.f Barrower does nat re�aay�h.e Loar�a�agreec�. J��r��-�ver is nat a party to�he Mox�g�:ge Ir�surarice. <br /> Mor�gage�.nsurers evaluate�heir tota�.risk�n a11 such�r�surance�n force from t�me�o time, and may er�ter <br /> inta agre�m.ents w�th o�:h�r pax-tie�that share ar mQdify�heir risk, ar reduce�osses. These agreemen.�s are on <br /> terms anc�cor�ditior.�s th:at are satisfac�ory to the xnortgage i�surer and the ather par�y�or parties��o�hese <br /> agreemen:ts. These agreeme�ts may r�qu�ire�Iie mortgage'nsurer�o make payme�ts us�ng;any sau:rce af fur�.ds <br /> �hat�.he mortgage�nsurer may have avai.�.ab1e�uwhich may inciude funds obtained from N�ortgage Insurar�.ce <br /> prenuums}. <br /> As a result of�hese agreemen�s, Le�der, any pu.rchaser of the Note, a:�other insurer, an�re�rxsu:r�r, an.�other <br /> ent�ty, or any af�liate�f ax�y af the foregoing, may receive�d.irectly or incli�-ect�y��noux��s that derive�r�rr� <br /> �or rnigh��e characterized as� a portzon:of�orrower'�p�.yments f�r�.VI�r��age Insurance, yr��xchaxige�or <br /> shar�ng or mod.�fying�1ie mor�gage�.nsure�'s r�sk, �r reduca.ng Iasses. If such agreement provic�es t.�.a�an <br /> af�ia�e Qf Lender�akes a shar�of the�x�surer's r�sk�n exchax�.ge f�r a share of�he�remiun�5 paid:�o the <br /> insurer, �he arrangement xs often termed"capt�ve reznsurance." Fu�ther: <br /> �a} A��y suc]h agreemex�ts will not affect the�.�n.ounts that B��rower has �:greed t�pay for 1l�ortg�.g� <br /> Insu�ance, or a�y ofJher terms of the Loan. Such agre�ments v�ll mot i�cr�a�e the amount <br /> �3orrawer will owe for Mortgage Ix�.surarice, and t�e�wi]l.n�t entitle B�rr�wer�o any p�fund�, <br /> �h� Anv suc�agreem�nts wi�L not affe�t the�gghts Ear�ower has-�f a�y-w�th respect ta the <br /> M��tgage I�s�rance under the Hv�eo�ners Px-otec�on Act of 1995 or any a��er la�. T��se�i.ght� <br /> xnay�n���d�the r�.ght to rece�ve�.erta�n c�s�lvsures, to reques�a�cl o�ata.�e�nc�ll�.ti�n�f the <br /> �I�r�gag�I�.su�-�ance, t�have the�.Vlortgage Ixas��.��e termynated au�a�a�i.c�.�ly, a�dlvr to rec�i�e <br /> a r�fu�c�of�ny Mortgage Imsur�.nce pre�v.u�n.s that were ra�ear��c�at�i�tim�of such <br /> cancellation o�-ter�inat,�on. <br /> '�'�. Ass�gnment af M iscelIaneo�s Proceeds� Forfeiture. Al�Nliscellaneous Proceeds are hereby assigned ta <br /> and sha��.be pa.�d�a Lender_ <br /> If the Pr�per�y�:s damaged, such IVlisce�.�.aneaus 1'roceeds�h�.1I be app�:�.ed�o rest�rati�n or repa�r of�he <br /> P�flpex�y, i.f�he resto�-ation o�repair zs economica�].y feas��ble and Ler�de�-'s security is�o��esse�ed. Dur�ng <br /> �uch repa:ir anc�res�ara�Q�.per�od, Lender s�.���iave t,�ie�-ight��hold such Misce��ax�.eo�s P�a�eeds unt�� <br /> Lender has�ad a�a.oppor�ity�o i�s�ect such 1'ropex-�y�o�ns�ar-e��ie wvrk�as b�en ca�np�e�ed.t�L�nder°s <br /> 24a4��5Q <br /> N�BRASKA-5ingfe Fam�iy-Fannie M aelFreddie M ac LJNIFQRM lNSTRLlM ENT Farm 3fl28�IQ� <br /> VNl P 0 VM P6{NE}��3Q2) <br /> Wolters K[Uw er Finar�cia]Services Page g of i?' <br />