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��14�5�51 <br /> continue to pay to Lender�he arnount of�h�s�parately designated payments �hat v�aere due when�he <br /> insurance c��erage ceased to be�n effec�. Lend�r w��i accept, Use and retain�he�e paymen�s as a <br /> non-refundable ioss reserve in 1�eu of Martgag��nsurance, Such loss reserve shall be non�refundab�e, <br /> notw�ths�and�ng�h�fact that the Loan �s ul�irna���y paid�n fu��, and Lender shall no�be requ�red�a pay <br /> B�rrDwer dny in��r�5�or�arning5�n SUCh 1055 r�5er��. L.�nd�r Can n�l�n�;�r re�uire��55 re5erv��aaym�n�S <br /> if Mor��age�nsuranc�coverag���n�he amount and for the period�ha�I..ender requ�res}pro��ded by an <br /> insur�r se�ected by L.ender again bec�mes avaiiab�e, �s obtained, and Lender requ�res s�parately desi�nated <br /> payments toward the premiums for Mar�gage Insuranc�. �f Lender required Mar�gag��nsurance as a <br /> candition of making�he Loan and Borrov�er was required to make separatei�designated paymen�� �oward the <br /> prerniums f�r Mor�gage Insurance, Barrawer sha��pay�he premiums required�o ma�n�ain Mar�gage <br /> �nsurance�n�ffect, or��pro�ide a non-refunda�le�oss reserve, unt�� Lender's r�qu�rement for Martgag� <br /> �nsuran�e ends �n accardance vvith any v�ritten agreemen�between Borrower and L.ender providing for such <br /> termina�ion or until �ermina�ion is required by Applicab�e Law. Nothin�in this Section 1�affec�s <br /> Bnrrower's obliga��on�a pay interest at�he ra�e provided �n�he Note. <br /> Mflr�ga�e�nsurance reim.burses Lender�or any en�i�y�ha�purchases the N��e} for cer�a�n�osses �t ma� incur <br /> if Borrower daes not r�pay�he L�aan as agreed. Barrovver�s not a party�a�he Mor�gage�nsurance. <br /> Mortgage insurers e�valuate their��tal r�sk on a�l such insurance in force frflm time�fl�ime, and may enter <br /> int�agreemer��s w��h other par��es tha�share or modif�their risk, or reduce�osses. Th�se agreem�nts are on <br /> ternzs and conditians that are sa�isfactor�to�he mor�gage �nsur�r and�he ather par�� �or�art�es}�o these <br /> agreements. These agreem�n�s may require the mor�gage insur�r to make pa�ments us�ng any svurce of funds <br /> �hat the mor�gage insurer may ha�re availab�e �which may include funds obtained from Mortgag��nsuran�e <br /> premiums}. <br /> As a result of these agreement�, Lend�r, an�purchaser of the Nate, another insurer, any re�nsur�r, any o�her <br /> en�i�y, or any affiliate�f any af�he fore�oing, ma�r�c�ive�directly or indirectly} amounts�ha�.derive from <br /> �or might b��harac�erized as�a por��on of Borrower's paymen�s for Mor�gage Insuran�e, �n exchange for <br /> sharing ar m�dif�ring�he m�rtgage insur�r's r�sk, or reducing��ss�s. �f such agreement pro�rides that an <br /> affiliate of Lender takes a share flf the insurer's r�sk zn exchange for a share of�he premiums pa�d�o the <br /> �nsurer, �he arrangement is flften�ermed "eapt��e r�insuran��." Fur��a�r: <br /> �a} Any such agreements will not aff��c�the amoun�s�ha�Borrower has agreed to pay far Mortgage <br /> Insurance, ar any other terms of the Loan. Such agreements wili n��incr�ase the amaunt <br /> Borro►wer w�i��owe for�Vlor�gage Insurance, and�hey vvill not en�i�ie�orrower ta any refund. <br /> �b} Any such agreemen�s will not affect the rights Borrower has-if any�with re,spQct to the <br /> Mor�gage Insurance under the Home�wn�rs Pra�ection Ac�of 1998 or any o�her la�v. TheSe rights <br /> may�nclude th�r�gh�t�rece�ve cer�a�n d�sc�osur�s, tv request and abtain cance�lation of t�e <br /> 1Vlartgage Insurance, �o ha�e the Mar�gage In�urance terminated autama��cally, andlor to rece��e <br /> a refund af any Mortgage Insurance prem�ums that were unearned at the t�me of such <br /> cancellatian or termina�ion. <br /> ��. Assignment of ilJliscellanenus Praceeds; Forfe�ture. A�� Mzscel�aneous Proceeds are here�y ass��ned�o <br /> and shall be paid to Ltnder. <br /> �f the Prape�y �s damaged, such Miscellaneous Proceed� shall be applied to restora��on or repair of the <br /> Proper��, if�he res�nra�ion or repair�s e�onom�ca��y feas�ble and Ilender's security �s no��essened. During <br /> such r�pair and res�o�ratian per��d, Lender shall hav��he right to ha�d such Mxscellaneous Praceed�unti� <br /> Lender has had an opp�r�un��y to inspec�such Proper�y to ensur�the work has been camp�e�ed�o Lender's <br /> N�BRASKA-Single�arniiy-�annie MaslFreddie Mac UNIFORM INSTRUMENT �orm 30�8 11�1 <br /> VMP Q VMPfi[N�){�3Q2� <br /> Wolters Kluwer�inanc�a!5e��ices Page 9 of'i 7 <br />