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��14�7513 <br /> cor�t�nue i�o pay�o Lender the amoun�af-�h.e se�parate�ly designated payments that w�re due w�.en�he <br /> �nsurar�ce��verage ceased�o be in effect. L,�nder v�ii1 accep�, use a:r�d re�ain�hese payments as a <br /> na�a-ref�.n.d.able Ioss reserve in�.�:e-u of Mor�gage Ix�surance. Suc�i ioss reserve�hal�be non refi�xa.d.abl.e, <br /> notwzthstanding the fact that�i�Loan�s ultimately pa�d i-�.fu1�, and Lender sha�.l not be required ta pay <br /> Borrower any�n�erest or earning�on such�.ass reserve. Le�der caxa.no longer require loss reserve payments � � <br /> Yf Mortgage Insurance coverage[in the amount and for the per�.od�hat Lender reqi�ises�provided�by an � <br /> . insur�r select�d by Lender aga�n becomes available, �s obta,�r�ed, and Lender requires sep�:rate�y des�.gnated <br /> payments toward the�remiu�ns for Mflr�gage Insura.nce. If L�nder required Mar�gage Insurance as a <br /> condition of rnaki.rig the Loan and B�rrower-�as required�o make separately designated pay�rn.�nts to�rard t,�ie <br /> pr�miums for Mortgage Insurance, Borrower sh�a��pay the premiums required to maintain Mor�gage <br /> Insurance�n effec�, or to prov�de a rion-�refund.abl.e Ioss reserve, unti�Lender`s requirement far Mor�gage <br /> Ix�surance ends i�a.accard.ance v�rith any u�r-xtte�agreeme�t�etween Borrower and Le�der prov�c�ig for such <br /> termi.r��.t�on or unt�ter�.r�.at�on i�requir�d�by Applicabl�Law. No�hir�.g in�hi_s Sectian 10 affects , <br /> Borrower's a�b��g�:t�on to pay in.terest a�t�e rate provided in�.e Nate. <br /> Mortgage Insura�ce reimburses Lender[ar any entity that purchases the Note} far cer�a�n�osses it may incur <br /> �f Borrower daes n.flt repay the Loa.n as agreed. Borro�er is na�a par�y t�the Martgage Insurance. <br /> Mortgage insurers ev�.Iua�e their�otal risk on a1�such�surance�ri foree from tim�tQ��me, ar�d may enter <br /> into agreements vvith ather par�ies that share or mod�.fy their ri�k, or reduce la�ses. Thes�agreements are an <br /> terxr�s ax�.d condit�ons that are satzsfac�ory to the mortgage�nsurer and the o�her party�ar par��:e���o these <br /> agreements. These agreemex�ts may require the martgage�nsurer�o ma;ke payments usixlg ax�y source of funds <br /> �hat the�nor�gage�n.surer may have ava.�la�Ie�u��ch may include fu�.ds obtainec�fro�Mar�g;age Insurance <br /> pr�rniums�- <br /> As a resu�t�f thes e agreements, Lender, any purcha.s er�f�he N�te, ar�ot�ier insurer; anv reinsur�r; any o�her <br /> en-��ty, �r any affiliate of any of�he foregoing, may rece�.v��directly or i�nd�.rec�ly� amo�ts��at deri�re from <br /> �or�riiglit be characterized as�a por�ian of Barrower's paym.en.ts for Mor�gage Insurance, �.n.e�change f�r <br /> sharing or moc3�fy�g the mQrtga�e insurer's risk; or reduc�ng Iosses. If such agreem�nt provides t�ia�a�a: <br /> affi�zate of Le�xder takes a share of the znsur�r'�ris��n ex�hax�.ge far a share of th�p�emiurns pa�:d to�.he <br /> insurer, ��ie arra�gement i.s�ften�ermed"capt��re rei.nsurance.'` Further: <br /> �a� .,A�n.y�t�ch agreemea�ts yvil�not aff��t the am�unts that Bo�r��er ha�agreed to pay for l�ortgage <br /> Insu�-�.nce, or amy atlaer terms flf the I��an. �uch agree�.e�:ts�ll r�ot��rease the a�ount <br /> ]Sorx-ov��r wi�i vwe for 1Vl�rtgage�.�urance, and the��aill:nat en�t�e��rr�wer to a�y ref�d. <br /> �b} .�n�su�lh a�reex�.ents�ili a�ot affect the righ�s�3or�ower]has-i.f a�y-�vith re��e�t ta fhe <br /> �Iortg�ge�su.rance under t�.e I3om�eowners Prote�ti�n Act vf 1998�r�.�.�other�a�v. These r�ghts <br /> may i�.clude tJh�right to rece�ve certa�n clisclosures, to request�,�cl obt�.�.n��.�eellation of t.�he <br /> Mortgag�Ynnsu�amce, �o have fhe Martgage Insurance termynated autamatically, amc�.l�r��rec��.ve <br /> a refu�d of any Mortgage Insu�ra�ce pre�m.iums�.hat were�ea�.ed at t�e ti��o�s�ch <br /> c�.neella�an or ter�atian. <br /> '�'�. Assi�nr�ent of �V[isc���aneous Proce�ds; For�e�ture, .A1I M�scellaneous Proceeds are hereby ass�g.n.�d tQ <br /> and.shall be paid tfl Lender. <br /> If the Pr�pex�ty is damaged, such Miscel�ar�eou�s 1'roceeds sha�.�be applied to restarat���.�r repair�f the <br /> 1'�ope�ty, �t�e re�tora�ion or repair�s eco�omrcally feasib�e and Lender's secur�.�y�s no�Iessened. �7uring <br /> such repa�-ar�c�restorat�on period, Lender sha1.�.�av��.e r�ght�o hold su�h�.Vlxsce�I�.neau�Pr�ceeds unt�� <br /> Len.der has had a�oppor�un.xty�o x�.ispect such Proper�y to ensure th�work has bee�comple�ed tQ Lender's <br /> 24��?54� <br /> NEBRASKA-Single Family-Fanr�ie Ma�lFreddie M ac L!N[F�RM ENSTRllM ENT Fflrm 3a28 11D'i <br /> 11M P Q VM P6�NE}��3D2} <br /> W Qlters Kl uw er�inancia[S erv i�es Pag e 9 of�7 <br />