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..._.��..�...wn_.ti...r.-in•c.�a^..:....:.. ... _ . _... .... . ... ..ry.Y• •,�_,yy�.,-,N......• .�1hK.. � ��.x. '"" '. • . ' . _ . _ -'cg ..�.. ....".'.""x,.�' �.:.............."_"' _ . . r S ^Y•• .�' ..:: ..-.-•. :...'..'_._..'_........:..' � _'__. ".'_'_. _'.._�'.S�.'1��_��a....___>>>..._-_ _ _ _ __ r..._.�u.-�_n 1 n e n•.n.e F...S-..s�i P K.y.�n_�.�._ _' - - __- __ --_.".'._.'_r'..'.'."___.._............._ ....... •. ._...'..'__.._........_......... . . ..'.....'_'..._'_........_. ��14�7�31 : contYnue to pay tv Lender the amount af the separa.tely designated pa�ments that v�ere due when the rnsurance coverage ceased to be in effect_ Lender will ac�ept,�se and retain�hese payments as a � n�n-refundable loss reserve�n lieu of Mortgage Insuran��. Such loss reserve shall be non-refundab�e, notw�thstanding the fact t�at the Loan is ultim.atel.y paid in fu�.�., and Lender shall not be re�uired to pay Borrawer any interest or earnings on such Iass reserve. Len�er can n�Xonger require loss reserve payments if Martgage In�urance coverage �in the amount and for��a.e period that Lender requires�provided b�an �nsurer selected b�Lender again becom�s avaixa�bie, is ol�tai.n.ed, and Len�.�r requxres s�parate�y designated payments taward the premiums for Mortgage InsuranCe. If Lender required 1Vloztgage Insuran.ce as a condz.tion of making the Loan and Borrawer v�as rec�uired to make separately des�g�n�ted payments totivard the premiums for Mortgage Insurance,Borrower shall pay the premiums required.to maintaiin Mortgage Insurance xn e�ect, or to provid�a n�n refundable��ss reserve,until Lender's requi.arement for Mortgage In.suran.ce ends��accordance w�th any�ritken agreement bet�veen Borrower and Lender providi.ng for su�h ternux�.t�on ar untai�term�nation is required by ApplicabYe Law.Nothing in thi.s Section 1�affects Borrower's obligatian to pay interest at the ra.te pravxded in the Note. Mo�gage In�urance reimburses Lender�ar any entity that purchases the N�te}for cer�ain�osses Yt nlay i.ncur if Borrov�er does not repay the Loan as agreed. Borro�er is not a pariy to the Mortgage Insurance. � Martgage insurers evaluate theYr ta�a1 risk an all such in.surance in force from tune to�in�.e, and may enter into agreements wxth other par�ies that share or modify their risk, or reduce l.�sses. These agreements are on : terms ax�.d condit�ons that are sa�isfactory ta the m�rtgage insurer and the other party �or parties�to t�iese - agreements. Th�se agreements xna.y require the mort.gage insurer to make payments using any source of funds . that the mortgage�nsurer xnay have available �whrch may include funds oYrtaYned frQm Mortgage Insurance premrums�. As a resu.�.t of these agreements,Len�ier, any purch,as�r of the Note, anather xnsurer, any reinsurer, any other ent�ty, or any a�f�liate of any of the foregoing, may receive �clirectly or indirect�y} arr�ounts that d�rive from �or might be characteri�ed as� a portion of B�rro�er's payments for Martgage Ins�ance, rn exc�Zan.ge for shar�ng or m�difying the mortgage insurer's risk, ar reducing�osses. ]C�such agreement provides that an af�lYate of Lender tal�es a share of the�nsurer's risi�in e�change for a share of the premiums pai�i to the ir�surer,the arra.ngement is aften t�rmed"captive reYnsura.nce."Further: . �a�� y such�g��enrne�.�s w�ll n��f��$the�naaux�ts�hat�orro��er h�s agre�� for 1VIor-�g�ge � I�su�-��e,�r�y�ther��s��the I�oa�. Su��.��ee�en��s w�ll not��r��s�th��.��t �o�-r�vver��ll�v�r�f�r IVia�g�g�I�sur��e,a�d�h�y w��mo�e�t�tl��ox-�r��v�r to �.�.y r��d. �b� �y 5u�h�gr�e��nts w�ll��t��c�th�r�ghts�o�ro�v�r�.as-��y-�v�.th res��t t�t�e 1VI��g�ge I�sur�.n.��er�th��ffi��vn�rs Prot�c�ion.�ct of 199�or�y�t��r��. T��se�.ghts ��y�nclude th�ri.��to ��v�cert�� dz5cl.osu��ss to r�qu�st a�d��t��.��aon�f th� Nloa�g�ge I�suran�e,to have t��1VI��ga�ge Insu��e t�rmn.xnated��.��na.��lly, an.d1��to r��v� �r�fu�.��a�y IVIo�b�ge�sur��pr��u�.s tl�at w�re�xne��d at t��t��f such ��c��or ter��io�. 'I'I. �I�s�g�r�en��f�llis��l��us�r��eds;ForF�itu��.All Misce��anevus Proceeds are hereby assigned to an�sha11 be paid t�Lender. . If the P�apexty is damaged, such Nliscel�aneous Proceeds sha.11 be app��ed to restoration or repair af the Property, if the restorat�on or r�pair i.s economicaliy feasible and Lender's security is not Iessened. During such re�aair and restora.t�on perivd,Lender shali hav�the right ta hold such Miscellaneaus Proceeds unt�1 Lender has had an appoxtu�ity to inspe�t such Propex�ty to ensure the work has been completed.to]Le�der's NEBRASKA-Single Fami[y-Fannie NlaeJFreddie Mac LlN1F�RM[NSTRL]N1ENT Form 3028�109 � VNiP C�7 VMP6�NE}{'13D2}.00 Wolters Kluwer Financial 5er�ices Page 9 af'[7