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��14�7��3 <br /> continue�o pay�o Lende��.�amaur�t of the separately des�gnated payments th.a-�were due when the <br /> . �nsurance coverage cea.sed to be x�.effect. Lender tivxll accept, us�and retain these payments as a <br /> no�.-refu�.dab�:e 1Qss res�rve in�ieu Qf Martgage Insurance. Suc�I�ss reserve sha��be nar�-refundab�.e, <br /> notwi.f.h.stax�.di�.g the fact that�he Loan is ultixa�za.te�y pa�d in.fu�I, and Lender shall not be requ�red to pa.y <br /> Barrower any 7.nterest or earr��.ngs on such Ioss reserve. Lender can no�onger requ.�ire loss r��erve payments <br /> i.f Mortgage Ir�surar�ce coverage[���he amou�t ax�d for�he perxod�ia�Lencier require�)pr�vided by an <br /> insurer selected by Lender again bec�mes ava�able, is obtain.ed, a:�d Lender requires separately desi.gnated <br /> payment��oward t�ie premium�for Mortga�e Insurance. If Lender requ�.red Mortgage Ix�suranc�as a <br /> cond���n of making�e Loa�and Borrower was requ.ired�o rria�e separately designated payments toward the <br /> premiums far Mortgage Insurax�.ce, Barrotiver shall.pay�he prem�ums required to maintair�Mort�age <br /> Insuranee in effect, Qr to provide a non-refu�ta.dable Iass reserv�, until Lender's requ�rement far Mortgage <br /> Insurance er�ds i-�.accordance w�th any wrxtten agreement b�tween Borra�xrer and:Lender providing for such . <br /> termination or ux�:t���erx�ai�at�on�s rec�uired by App�ica�le Law. Noth�ng in�his Section 14 affects <br /> Borrower's abligatzon�o pay�nterest at the ra�e pro�idec�in.the N�te. <br /> Mortga.ge Insurance re�mburses Lender(or any en�city�h.a�purcha:ses�he Note}for certai.n losses it may incur <br /> zf Borrower do�s no�repay�thhe Loan as agreed. Bvrrower zs not a par�y�o the Mortgage Insurance. <br /> Mortgage insurers eva�uate th�ir tatal r�sk or�a.�:�:�uch insurarice in f�rce from ti.me�o�ime, a�nd ma.y enter <br /> into agr�eme�.�s w�.th oth�r par�ies that share or�nvdify the�r r�sk, �r reduce Iasses. These agreemen�s are an <br /> term�and c��ditions that are sati.�factory to the�or�gage�nsurer ar�d the ather party�or pa:r�es}�o these <br /> agreements. These agreemer�ts may requa:x-e the�nortgage insu�er to ma�e payme�ts using any source of funds <br /> t11at�he mortgag�zn.surer may have avaiYab�e�v�hic�.�a.ay include fund:�obtainec�from�Vlflrtgage Insurax�.c� <br /> premiu�aas}. <br /> �a result af�hese agreements, Lender, any purchaser of�ie Note, anQther insurer, ax�.y re�x�5�:rer, any other <br /> e�t�ty, or a�.y affzl.i.ate flf any of the forego�ng, rnay rece�ve�directly or indi.rect�y} amounts that deri�re from <br /> �or might be charact�rized as} a por�i.on Qf Borrower's pay�m��.ts for Mortgag�Ixxsurance, in exchar�.ge for <br /> sharing or madifying the mortgage�nsurer's rzsk, ar reducing Iosses. If such agreeme�.t prQvides that axi <br /> a.f�I�ate af Lender�akes a�hare of the insurer's ri:sk i�.e�c�ange for a share�f the premiu:ms paXd t�the <br /> �urer, the arrangement�s often termed."captive reinsurance." Fur�:�r: <br /> �a} �ny���h agreeme�ts will�:ot affect the a�viants t�h�.t I�orrower has agr�ed t�pay for IVlartg�ge <br /> Insu�-a.nce, or any other te�ms of the L�a.n. Such agreen�ent��ll n�t a�ereas�the am�u�.t <br /> �orrower�[1 owe f�r Mvrtgage I�s�ra�ce, ancl they w��ot entitle�oa�ra�er to a��refu:nd. <br /> �b} An.y suc�i�g��ements�11 not affect the righ�5�orrower has-if any�-�ith respect to�he <br /> Mortgage Insurance under�.he Haffieo�vners Protection Act of 199�or�.�:y��er�a�. These�gh�s <br /> may ir��lude the right ta receive certain clisc�.o5ure�, to request and�lbt.�,iu ca��e�ation of�:e <br /> Mortgage I�sur�nce, to have the�Vl4rtgage Insuraa�ce ter�in�.ted automatically, andlar ta rece�v� <br /> a refu�al of any 1Vlortgage Insur�.mce premiu�ms that w�re un�ar�.e.d at the��ne of��ch <br /> ca�acell�tion or ter�atian. <br /> �'�. ►A►ss�gnme�t vf M iscel�a�eous 1Pro��eds; Forfeiture. A11.M�.scel�aneous Proceeds axe hereby a:ssigned�o <br /> ax�.d shall.be pa�.d��Lender. <br /> If�he Pr�per�y�.s damag��., suc�.1.VI�.sce�.�:an.eaus Prflceeds sha11 be a:pplied�o restorat�on or r�a�-af��e <br /> Property, �f the restoration or repa�r is eco�omically feasib�e and Len�.er's secur�ty Ls r�ot lessened. Durin.g <br /> such repair and restorat�on period, L��der sha�.�:h.ave t�e right�a ho�d such Misce��.ane�us Proceed.5 unt��. <br /> Lender has had an opportunity�o inspec�sueh Praperty ta ex3sure the vvQrk ha�been completed to Lex�der's <br /> z4oa73s� <br /> NEBRASKA-Si�gfe Famiiy-Fannie M aelFreddie M ac�N1F�RlVf 1N5TR�M ENT Form 3a28'I t�� <br /> VM P Q VM PG�NE}��302} <br /> W olfers Kluw er Financia]Services Page 9 of�7 <br />