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��14�7�75 <br /> cont�nue to pay t� Lender�he amount nf the separat�ly des��na�ed pa�ments tha�were due when�h.e <br /> insurance co�erage ceas�d to be�n effect. Lender will accept, use and re�ain these payxnents as a <br /> non-refundab�e�oss reserve in Iieu of Mar�gage Insurance. Such l�ss r�ser�e sha�l be non-refundable, <br /> notwi�hstanding the fact that the Laan is u���mateiy paid in fu��, and Lender sha�� not be requxre�ta pay <br /> Borr�wer any in�eres�or�arr�ings on such I�ss reserve. Lender can na �onger require loss reserve pa�n��n�s <br /> �f Mar�gag��nsurance co�erage�in the amount and for the perifld�ha�Lender requires} prfl�ided by an <br /> insurer se�ec�ed by Lender again�ec�mes a�va�lable, is obta�ned, and Lender requires separately des�gnated <br /> paynnents�o�ard the premiums for M�rtgage�nsuranc�. �f Lender required Mor�gag�In�uran�e as a <br /> c�ndition�f making the Loan and Borrower v�ras required to make separa���y designated pa�men�s�oward the <br /> premiums for Mortgage�nsurance, Borrower shall pay�he premiums required to mainta�n Nior�gag� <br /> Insurance�n effec�, or to provide a nonwrefundable loss reserve, un�i1 L.ender's requirement for�ortgage <br /> �nsurance ends �n accordance with any written a�reemen��etween Borr�vver and L�nder prov�din�for su�h <br /> �ermina�ion or un�il�ermination�s r�qu�red by Appl��ab�e La�r. No�h.ing in th�s Sec�ion 14 affec�s <br /> Barrower's�b�igati�n�o pay in�er�st at th�rate pro�ided in th�No�e. <br /> Mor�gage�nsurance reimburses Lender�or an�en�����ha�purchases�he�Iote� for certa�n l�sses �t may incur <br /> �f Borrower does not r�pay th�Loan as agreed. Borrower�s not a par�y�o the Mor�gage�nsuran��. <br /> Mor�gage insurers evaluaCe�heir to�a� ri�k on a�� such insurance�n forc�fr�m t�rne�o t�me, and may en�er <br /> �nto agreements w�th other parties��a�share or mod�f��heir risk, or reduce lasses. These agre�ments are on <br /> terms and condit�ons�hat ar�sat�sfac�ary to�he mortgage insurer and the n�her par�� (or parties}�o thes� <br /> agr�ements. These agreements may require the mortgage insurer�o make pa�ments us�ng any saurc�of funds <br /> tha��he mortgage insur�r may have available�wh�ch m�ay �nClude funds obtained fr��n Mor�gage�nsuran�e <br /> premiums�. <br /> As a result af these agreem�nts, L�nder, any purchaser�f the N��e, ano�her insurer, any re�nsurer, any o�her <br /> entity, or any aff�lia�e vf any of�he foregoing, may re�ei�e�d�rectly or indirectly} amoun�s tha�derx�e from <br /> �or�n.�gh�be charac�erized as} a portion of Borrow�r's gayments for Mor�gage�nsurance, �n ex�hange for <br /> shar�ng or modify�ng�he mortgage�nsurer's r�sk, or reducing lass�s. If suc�agr��ment provid�s��a�an <br /> affil�ate of L�nder takes a share of�he�nsurer's risk �n e�change far a share�f the pr�miums paid ta�he <br /> �nsurer, �he arran�ement�s aften�ermed "cap���e reinsurance." Further. <br /> �a} Any su�h agreements wil�no�affect the amoun�s tha�Borrawer has agrQed to pay fvr Mortgage <br /> Insurance, or any o�her�erms af the Laan. Such agreQments w���not�ncr�ase the amaunt <br /> �orrower wil�flwe for Martgage Insuranc�, and they wi��not ent�t�e Borrower to any refund. <br /> �h� Any such agreenr�ents wi�l no�affect the rights Borrower has-�if any�with respec�to the <br /> Mortgage Insurance under the I3omeowners Protection Ac�af 1998 or any o�her law. Thes�r�ghts <br /> n�ay�nclude the right to recei��cer�ain disc��s�res, to request and o�ta�n cance�latxon of the <br /> IV�ortgage Insurance, to ha�e the Mor�gage Insurance term�nated autom�atica��y, andlor to receiv� <br /> a refund af any�Vlortgage Insuranc�prem�iums that were unearned at the t�me�f su�h <br /> cancei�ation vr termination. <br /> �'i. Assignm�nt of IIl�isce�[ane�us Pro�eeds: F�rfe�ture. A�� Miscellaneous Proc�eds are hereby ass�gned to <br /> and shall be paid to Lender. <br /> If�he Praper�y is damaged, such Mis�ellaneous Proceeds shai�be appl��d to restara�ion or repair of�he <br /> Propert�, if�he restorat�on ar repair is e�onomicall� feas�ble and L.ender's secur�ty is not lessened. During <br /> such repair and restora��on period, Lender sha��have the r�ght�o hold such N��s�e�Ianeous Proce�ds un�i� <br /> I,�nder has had an�pportun�ty to inspect such Proper�y �o ensure��.e vvork has been compie��d to Lender's <br /> N�BRASKA-SingIe Family-Fannie MaelFredciie Mac UNIF�RM INSTRUMENT Form 3028 11�� <br /> VMP[� VMP6tNE}t13Q2} <br /> Wvlters Kluwer Financia!Ser�iGes Page 9 a#7 7 <br />