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��14�S�S� <br /> cont�nu�to pay�n Len��r the amount of the separate�y de��gna��d paymen�s tha�w�re due when the <br /> insurance co�verage ceased��be�n�ffect. Lender wili a�cept, use and re�ain�hese paymen�s as a <br /> non�r�fundable�oss r�ser�e in�ieu af Martgage�nsurance. Such lass r�serve sha���e non-refundable, <br /> no�withstanding the fac��ha��he Loan��ultimate�y paid�n full, and Lender shall n��be re�uir�d�a pay <br /> Borrower any interest�r earning�on such loss reser�e. Lender can n�longer require��ss reser�e paymen�s <br /> �f Mor�gage�nsurance coverage��n the amoun�and for the period that Lender re�uires}provided by an <br /> insurer s��ec�ed�y Lender again becornes ava�lable, xs abta�ned, and Lender r�quires separat��y designated <br /> payments toward�he premiums far Mor�gage�nsuran�e. �f L�nder required Martgage�nsurance as a <br /> condxtion of mak�n�the Loan and B�rrow�r was re�uire�.ta make separately designat�d paymen�s�ovvard the <br /> pr�m.�ums for Mar�gage rnsurance, Borrawer sha��pa�the pr�muums required�o ma�nta�n Martgage <br /> �nsurance in�ffec�, �r to pr�vide a non-refundab�e��ss reser�v�, un�i1 L�nder's r�qu�remen�far Mortgag� <br /> �nsurance ends �n accardance wi�h any vvritten agreement between Borrower and Lender pro�iding for such <br /> �erm.�na�ion or unt��termination is requ�red by App�icab�e Law. Nothing in�h�s Section 1�affeCts <br /> Borrower's ob��gation to pay�nter�s�at�he rate prnvided�n the No�e. <br /> Mor�gage Insurance r�imburses Le�der�or any �nti�y�ha�purchases�.��Note} for cer�ain loss�s��xna�r incur <br /> if Bnrrower d�es nat repay the Loan as agreed. Borr�wer is no�a par��r ta th�Mor�gage�nsuranee. <br /> N.[or�gage�nsur�rs evaluate the�r to�a� risk an a�� such insurance in far�e fr�m�im��fl�ime, and may en�er <br /> into agreexnen�s wi��other part�es tha�shar��r mad�fy�heir risk, vr reduce��sses. These agreemen�s are on <br /> t�rm.s and cond�t�ons�ha�are sa��sfac�ory�n�he�no�tgage�nsurer and�he oth�r par�y �vr parties} ���hese <br /> agr�emen�s. These agreements ma�r requ�re�he rnor�gage insurer�o make payments using any source af funds <br /> �hat�he mar�gage insurer may hav�a�ailable�wh�c�ma�include funds obta�ned from Mar�gag�insurance <br /> pr�m�ums�. <br /> As a r�sul�of�hese agr�emen�s, L,en�.er, any purchaser of��.e N�te, ano�h�r insur�r, any reinsurer, any o�her <br /> ent�ty, or any affi�iate of any of��e forega��.g, n�ay r�cei�e�direct��or indirec�ly} amounts�hat derive from <br /> �or m�.�.ght be charac�erized as} a por�ion af Borrower's paymen�s for Mortgage Insurance, in exchange for <br /> sharing or m.od�fy�ng the mar�gage insurer's risk, or reduc�ng Iosses. �f such agreem.erit pro�ides�hat an. <br /> aff�I�a�e of L.ender takes a share of the�nsur�r's risk in exchange for a shar�of the prem�um�pa�d�a the <br /> �nsur�r, �he arrangement is aften�ermed "cap�zv�r��nsurance." Fur�her: <br /> �a� An.y such agreements w��l not affect the amoun�s that Borrower has agreed to pay far�Vlortgage <br /> Insurance, or any other terms of the Laan. Such agre�ments w�ll no�increase the amount <br /> Borrower wil�owe for�Vlortgage Insurance, and�hey w��l not entit�e Borrower to any reFund. <br /> �b� Any such agreernents will nat affect the r�ghts Borrower has�if any-with respect to the <br /> Mor�gage Insurance under the IIomeawner� Protec�ion Act af 1995 ar any other law. These rights <br /> m.ay�nclude the r�ght to receive cer�ain disclosures, to reques�and obta�n c�►n.ce�lation of th� <br /> M�rtgage Insurance, to ha�e th��Vlortgage Insuran�e term�nated autonzatica��y, andlar ta r�ce�v� <br /> a refund of any�Vlortgage Insurance premiurr�s that w�r�unearned at the time aF such <br /> cance��ation or term�nat�on. <br /> ��. Assignment of Miscellanevus Proceeds; Forfeitur�. All Miscellaneous Prviceeds are hereby assigned�o <br /> and sha�l be pa�d�o L,ender. <br /> �f the Pr�per�y is damaged, such M�scel�aneous Proceeds shal�be app�ied tn res�ora��an�r repair of�he <br /> Proper�y, if�he r�storation or repair�s econ�m�cally feasible and Lender's securit�is no�lessened. During <br /> such repa�r and restora�ion period, L�nder sha��ha�re the right to hold such Miscellaneous Proceeds unt�i <br /> Lender has had an appor�uni�y�o �nsp�ct such Proper�y t��nsure�he work has been��mpleted�o Lender's <br /> N�BRASKA-Single Farnify-Far�nie Mael�reddie Mac€JNI�QRM INSTRUM�NT �arm 3�28'i1�7 <br /> VMP� VMPfi�NEy(13�2j <br /> Wolters Kiuwer Financial Ser�ices Page 9 of'�7 <br />