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��14��759 <br /> ca�tinue to pay�a Lender the amount of�he s�parately desxgnated pay�ments tha�were due when�he <br /> �.surance coverage cease��o be in�ffect_ I�ender ur�1 accept, use and reta:�n these�ayments as a <br /> nan-refun:dab�e loss reserve in lieu of�Vlnrtgag�Insurance. Such loss reserve�ha11 be n�n refi�r�d.a.bl�, <br /> notwithstanding the fact�hat the Loa.�is ult�xnately pai.d in fu11, and Lender shall n.ot be required�o pay <br /> BorrQwer any�nteres�or earxu�gs on such�oss reserve. Lender ca�.no Ianger requir��.oss reserve payments <br /> if Mortgage Insuranc�coverage���h.e amou:�t and for th.e periad that Lender require�}prov�.�ed by a:n <br /> �n.sur�r selected by Lender aga:in becomes ava�.able, �s obtained, and Lender requir�s separate�y desi.gnated <br /> payments toward�he pr�miums for M�rt�age I�.surance. If Lender required M�rtgage Insu:rance as a <br /> condi�iox�of ma�rig th�L�an and Borrawer v�as requ�red to make s�parate�y designat�d payments toward the <br /> prem�iums far 1VJ[ortgage Insurarice, Borrower sha1l pay the premiu�xns�equ�red t�ma�n�ain Mortgage <br /> Insurax�.�e in effeet, or to prov�d�a non-refund.able�oss reserve, ur�ti�.Lender's requirement for Mortgage <br /> I-n.surance end�zn aceordax�.ce tiv�th arzy wr�t�er�agreemerzt bet�veen Borrower arid�Lender providirng for such <br /> terminatzor�ar�til.terarninat�on i.s required by 1�pp��cable Law. Nothi�lg in�us Se��i.fln �Q affects <br /> B�rrower's obligation to pay�nter�st at�ie rate provzded in the Note. <br /> Mor�gage Insurance reimburses Lender�ar any entity tha�p-ur�hase�the Note� for certai�Iosses��may incur <br /> �.f Barraw�r does nat repay�he Loan as agreed. Borra-�xrer is not a party to�he Mortgage Ir�surance. <br /> Mortgage i�.surers eval.uate their t�tal risk an a].I such i.nsurance�n force from time t�time, ax�:d may enter <br /> in�o agreeme�ts v�.th o�her parties�hat share or mod�.fy�:heir ri5k, ar redu�e�os�es_ These agreements are on <br /> term.s and conda�tion.s�hat are sat�sfac�ory�o the mortgage insur�r and#.�.e a�her parfiy[or par�es�to these <br /> agr�ements. These agreements xriay requ�re�.he mortgage insurer ta make payments using ar�.y source of fur�ds <br /> �hat�h.e mortgage�surer may have ava�labl�[which may�include�unds obta�.ned from Martgage Ix�surance <br /> premi_ums}. <br /> As a result af these agreements, �Ler�c�er, any pu:rchaser of�he N�t�, a:��tller i.nsurer, ax�y reinsUrer, any o�her <br /> e�tity, or ara.y affil�ate af any af the foregaing, may rece�ve�direct�y or x.xa.c�rectly� aanounts�hat der�ve from <br /> [or mrght be characterized a�s� a portion of F�rrower'��payments for�Vlort�age Insurax�.c�, �exchange for <br /> s�iaring or mod�fyin.g th�m�r�gage insurerT s risk., or reducing�osses. If such agreem�nt prav�.des that an. <br /> aff'zl.�.ate o_f Lender fa�es a share af�he�nsurer's risk�n ex�harige f�r a shar�of the prex�aiuxns paid to the <br /> 7.nsurer, �he arrangemen�is often ter�ned"captive reinsurance." Fur�ier: <br /> �a} An.y such agreements will n�t affect th�amou.nts thaf�arrower h�s �.g�-�ed to�a�r far Mortgage <br /> In�uramce, ar ax�y ather ter�s of the Loaxx. Such agreements w�ll not�ncrease the aa�ao�rit <br /> Sorr�we�will awe for l�iflrtgage]Gn:su.r�.nce, and they w�ll nvt en�tl�I�arrower to any refun€�. <br /> �b} �ny�uch agree�e�ts�i�.no�affect the r�ghts Borr��ver h�:��if��y-�ith�esp�ct tv�he <br /> Nl�r�gage InSuraa�ce un.c��r�.he�omeo�xa.er�Pr�tec�i.axa�ct af 1998 or a��o�laer la�v. Th�se r�ght� <br /> �nay include t�ie r�ag�it to receive cert�.�disclaswres, to r�quest�.nd��ta�:�cancell�.fi�m�f the <br /> 1Vlortgage Insurance, to have the Maartgage Ynnsur�.nce ter��.ted.auto�atic�.11�, �.ndlor��rec�i�e <br /> �ref�n�i af any 1Vlortgage Ynn.�u:r�.�ce premiva�ar.s that were�xriea��ed.at�he d���of�uch <br /> ca:ncel�a.�ion�r t���inatia�. <br /> '�'�. Assi�nmen� af 11�iscellaneous Pr�ceeds; Forf�itur�. 1-�II Mis�e�.�aneous Proc�eds are hereby assigned�o <br /> and shall be paid to Lender. <br /> If the Pr�per�y is darnaged., such Miscellaneous Proceeds sha11 be applied to restaratiar��r�e�aa.r�f�ie <br /> Praper�y, if�h.e restoration or repair�s ecor�flmically feas�.b�e and Lender's security is no��e��ened. I]urzx�.g <br /> such repa�r a�d:restoratian p�r��d, Lender sha�I ha�re�he rc�ght t�hold��uch Miscei�aneaus Proceeds untx�. <br /> Lender has had arr opportunity to inspect such Property to er�sure the work has been.comple�ed�o�Lender's <br /> z4aaT�6a <br /> NEBRASKA-Single Farnily-Fannie MaelFreddie Nlac UNI��RM 1N5TRLIME�[T �arm 3a28�I�'1 <br /> VM P Q VM PfitNE}��3D2} <br /> UV�lters K[Uw er Financia�Services Page 9 af�7 <br />