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��14�5�54 cor��inL�e tia�aay��Lender��.e a.�a.zo�.��.�of�he sepa.ra�ely desig�.a�ed payinen�s tha�were due whe�i.he iilsu�a�.ce cave�age cea�ed�o�e zr�effec�. Le�zc�er wi�1 acce�a�, use a�d re�ain these pay�nents as a z�oz�-�refiindable lass reserve i��ieu of Mo��a.ge��sura�ce. S�ch lnss t•eser�e sha1��e��n�refu�da�ble, no�v�iths�a�ding t�le f�.c�t�lat the Loan is ul�imately paid�r�f-u��, and Lender s�1a��ot be rec��xired�a pay Bo�rav5rer��y�x��e�es�or earraings fl�.suc�.��ss rese�ve. Lender ca�.�Zo lon.�er�equire lass reserv�payi�n�nts if Mor�g�.ge�nsura��ce coverage�in the�.moun�and far the period thai:Lender requires�provided�y an rnsurer selec�ec�i�y Lenc�er again becornes availa��e, xs obtair�ec�, and Len.de�reqtxi�es separa�ely c�esigna�ed pay�n�n�s��v�ard the pre�a.�.uzns for Mor�g�,ge Ins�.�rance. If Lender required Mot�gage Ir��urar�ce as a cond��a.on�f�na��g�he Loan��.�.�.Borrov�re�vvas rec�u�re��o malce�epara�ely desigt��.ted pay�n�nts�ov��r�.the pre�r�i.ums f�r Mor�gage��asura�.�e, Borrowe�s�Za1X pay the�r�mitxtns requ�r�d to ma��tain Mortga�e ��surance zn effec�, or�a p��ov�de a non--��£�.x�.da��e�oss reser�e, u�a.�i1 Le�ader's rec�uireir��Yzi:fo�•Mor�gage Irisura�ce e�.ds i�.a�ca�dar�ce w��h aizy vvr��eri agree�ne��be�vt�een Bot rawer and Le��c�e�p�iQv�di�g ror su�h �er��i�a�ian ar until�errni��ation is required�y Appricabte Law. Na�1�ir�g i�l�his Section 1�affec�s Borrov�er's �b�igati�zl�o pay in�.et es�at�1�e ra�e pr�vic�ed i�tlze No�e. Mor�gage Insu�'ax�.�e reitnbt�rses Lenc�e�•�a��a�zy e�1�i�y�ha�purch�ses�lie Na�e� fo�cer�ai�losses i�lnay iric�r if Borrawer c�oes no�:repa�the Loan as agree�., Barrower i��ot�.party�a the Mar�ga�e�nsurat�ce, Mo�tigage�t�surers eva.lua�e thei��tfltal ris1�o�a�l such insuratzce 1n torce fiiom time i.a�;itne, ��Zc�may ei�ter �n�o agre�inen�s wi��1 ather p��tiies�hat sha.re or�nod�fy th�ir ris��, nr reduce losses. Tl��se agreeinents are o� �er�ns a.nd co�lditions i.1�a��re s�tisf�c�ory to t�le-ix�o�t�ag�i�surer��d�;�Ze�t�ier�arty�o�pa.��tiies}to tl�e�e agre�ir�en�s. Th�se a.,greernents�nay requ�re�:11e lnortgage i��L�rer to�nal�e�ay�nen�s usi�g any souree or fu�lds tha�the��rtg�:ge ins�.�rer�r�a.y have�.vailable�Which�Z1ay include funds obtained frair�Mflr�gage 7r�sut•a.�ace �J�'�111�L1�115�. As a resulf:of�hese agreezne�.�s, Lender, �zy purch�ser of�he Nfl�e, a�.o��er�z�s�.�rer, a.��.y reiz�surer, �r�y o��er en�ity, or a��y af�1i�.�e of a.�y af the fa�egaing, �nay rece�ve�c�i�ec��y a�i�direc�ly} a�nounts�hat derive from �ar mig�z�be�haracte�i2ed a�� a partia�of Borrawer's�ay�ne�t� for Mo��gage I�st�raizce, in exchange fa� sha.��i�g a�ino�.�fyi�g�l�e mor�gage i�sure�'s ris1�, or reduciizg�osse�. 7�'suc11 ag�•eemen�;prov�des�hat a�1 af�ilia�e of Lender�a1�es a slial��f�:he i�xsure�'s rts1�in exchan�e�'ot•a��Za�:e of t1�e pretniutns paid to�he x�isui er, ��xe ar1 ange�x�en�is ofter��er�x�ed"captiv��eix�sur�nce,'� �'ur�lzer: �a} .��y sr�clx �g�•eements wi��no�nffect t1Y� �mount� ��at Borr�wer��as ��reec�ta pa�for Mar��ge Ins��ran�e, or a�iy ather�erams af the Lo�.�. S�I�h ag�•eenr�en�s wil�na��acrease ��e ��no��t Borrower wili owe far Moz•��age Insura�ac�, and�hey w��z�at en��le I3orrovver to �n�refxx��l. �b� Axa�such �greezn�n�s will��a�affect tl�e r��s 13orrower lxas�if n�iy�wi�li respect to th� Mort�n�e I�isurance�Ynder the IIo�neowners Pro�ectioY�Act of 1998 0�•nny other�n�v. T�1ese rig��ts m�y ine�YXde t�Ye right to re�ei�ve cer�aXY� c�Y�c�osures, to request�nd out�in c�ncelY�t�on of�he Mortg�ge Insur�nce, tv h��ve t�ie NYartg��e Instxrance�er�ilYnn�ed nutornat�cr►�ly, anc�lar ta recezve �► �•ef��d of�ny IVlortg�ge Insuran�e preYni�Yms �ha�v�ere unenri�ed�tt tlie ti�ne of s�iel� ��ncell�tia��or�e�•mrn�.tion. 'I'�. A�si�nrr�en� of !VI i�cell�neou� Pr��eeds; Forf�itur�. A11 M�s��11ar��a�.Ts Pi�oce��s a�re��i•e1�y assigned�o a�lc�shall�b�pa�d��L.end��°a ��th�P��o�et�ty�s dain�:ged, sL�ch MisCellaneous P�oceeds sh�.11 be a��1ie��o res�ot•a�:io�1 or repair of t�1e Pro�er�y, zf t�ze t�es�a��.#:i��or r��air is econotnically feasib�e and L�nder's security is r�ot�essened. Du�•zng st�c��epair a�l�.�'es�ora��n�er�oc�, Lender sha11 h�.ve the t•ig1�t ta hold suc��Miscellar�eaus Pr�ee�d�until Le�zc�e�has ��.�.d a�z�p�ortu�.��y�a xta.s�e�t suc�1 P�operty to�rlsure��e worl��s beer�co�np�e�ec�to Le�lc�e��'� 240Q697� N�BRASKA-Single Family�Fannie M a�1F'redd�e M ac IJNI��RM INSTftUM ENT �arm 3�28�14� VM P Q VM P6�NE}{13�2} Wolt�rs Kluwer Financia�Secvices page 9 af 17