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��14�S�1S <br /> con�uiue to pay to Lender�ie axnount of the separatel.y deszgnated payments that vsrere due�vvhen�he <br /> ir�surance coverage cea�ed��be�n effect. Lender wi��accept, use and re�ain�hese paymer�ts as a <br /> nan refundable�.��s reserve�n li�u of Mortgage Iri�urance. Such Ioss reserve sha�.�be non--ref�dab��, <br /> notwiths�anding�he fact that the Loan�.s u���mately pazd in fu�.I, and�Lender s1ia1l r�ot be requ�red to pa.y <br /> Barrower a�y int�re.st or eaxn�ngs on such�oss reserv�. L�nder can no�onger require lass reserve payments <br /> �.f Mort�age�ns�arance c�verage�in th.e amount and f�r�e per�od�hat Lender r�quires�prov�ded by an <br /> �ris�rer se�ected bv Lender aga�ri becomes ava�lable, i.s a��ai.ned, ax�d L.e�.der requires separa�ely des�gnated <br /> paynments taward�he prem�uxns for IV�or�gage Insurance. If JGender required M�rtg�.ge Insurance as a <br /> cand.itio�of makir�g the Loa��.and Borrower was required�o make separa�e�y d.esignated payments�owar�.the <br /> premiwns for M�rtgage I�urax�ce, Borro�xrer sha1�pa�the prem�ums required�a main�a�n M�rtgage <br /> Ir�uranCe i��ffec�, or�a prov�.de a non refun.dable�.ass reserve, uxatil L�nder's requ�rement for�,Ulortgage <br /> Tn�surance ends in accordanee�w�ith an:y wr�tt��agreement bet�veen Borrower axld Le�der prov�c�:�xg for such <br /> �erminat�an or un.�zX termzr�a��on�.s requ�red by App�icab�e Law. No��ung i�this Sec�i�n I�affects <br /> Borrower's�bligation t�pay�n�erest at�he rate pravided�n�h�No�e. <br /> Mortgage Insuranc�r�imburses Ler�der�or ari:y entxty�hat purchases�he Nate}for certain�asses it may�n�ur <br /> xf Barrawer does rxot repay the Loan as a�reed. B�rrawe�is not a�arty to the Mortgage Tnsurance. <br /> Mortgage�ra.surers evaluate�he�r tota.�risk on a1�such insurance�n force from tim��o time, and may enter <br /> inta ag�ee�ncnts with o�h�r par�.es that share ar madify�he�r ri.sk, or reduce losses. These agreements are on <br /> t�rms axld eand�.��.ons that are sat�sfactory�o the mor�gage�.�su�er and�he other party��r par�ies�to�hese <br /> agreemen�s. These agreeme�ts may require the�n.ax tgage insurer�o make payments using ar�y source af funds <br /> �hat the mortgag�insurer may have ava��ab�e�which may include fund.s obta�.xled from Mortgag�In.sur�ce <br /> premium:s}. <br /> As a re�uJ.�af these agreements, Lender, a�y purchaser of th�Nate, ari.o�h�r i.x�surer, any�-e�.nsurer, any other <br /> ent�ty, or any aff'�l�ate of any nf th.e forega�.r�g, may rece�.ve�d��ctly or�nci�rect�.y�amo�ts�i�.�derive from <br /> �or might be character7.2ed as� a par��on af Borrowerp s payrn.ents for 1VIo�-�tgage�.isuxanc�, in�xchange fox <br /> sharing or n�.od.i�yi�g the mor�gage�nsurerp s r�sk, or reduci.ng�asses. If such agreemer�t prov�des tha�an <br /> af�Xiate of Lender takes a share of the ir�surer's risk in exchange for a.share o.f the pxemium.s�aid�o�i� <br /> insurer, the arrangement is often termed''ca�a�ve re�surance_" Fur�h�r: <br /> ��� Any su�h ag��e�me�ts will mot affect the ar�.vunts that]BQr�ower has agreed t�pay for Mortgag� <br /> Insuur�.nce� o�a�ny��her terx�s of th�I��an. �uch agree�e�ts vv�ll not�ncr�ase the�.�ou�t <br /> F vrrovver wil.�o�e fo�-�[ortgage Insurance, a�d they�not ent�.t�.e]Bo�rower to any r�fund. <br /> 4b} .A�:uy such agreements��ot affect th��..ghts�arrower l�as-if an�--w�th��spect t�t�e <br /> Nlartg�.ge�s�araance u.�der the]HCo�.eawners Prote�tio�:Act af 199�or�ny other�:a�. 'Ish�se�-�ght� <br /> �aa�ineluc�e the right to�ec�ive certai.n�i.5closur�s, to rec�ue�t a�d obta�camcella�io��f the <br /> N.�ortgage Ins�an�e� t�have�e 1Vlo�gage Insuran�e term�nated auto�natncally, a�.d.�or to receive <br /> a refiu�d af any Mortgage Insu�an�e pre�ums that�ere�.n�arn�cl a�tl�.e�e of�uc� <br /> cance�la�a�or t�x�.x�atian. <br /> '�'�. �s��gnme�t �f �I isc�I�aneo�s Pro��ec�s; Forfeiture. .Al�1Vl�scellaneous 1'roceeds are hereby assigned to <br /> and:shali be paxd�o�ender. <br /> If the Property is damaged, such M�sce�laneous Praceeds shall be applzed to restoration or r�pair of�he <br /> Property, i�f�he restorati.on or repair�.s ecanomical�y feasib�e ar�d Lend�r's secur��r is not�.essened. I]uring <br /> such repai�r and restorat�Qn.period, Lender shall h�.ve�e right ta ho�d such M�scellar�e�us Praceeds urit�I. <br /> Lender has had ar�opportu�.�.ty to inspe�t such Property to ensure the�rark has been comi��e�ed.��I�ender's <br /> �4fl�7G57 <br /> NEBRASKA�Single Family-Far�r�ie M aelF�eddie N!ac UNIFDRM 1NSTRLIM ENT Farm 3428 11fl�i <br /> VNf P� VM Pfi{NE}�'f 3Q2} <br /> UVaEfers Kl�w er Financiai 5ervic�s Page 9 af�7 <br />