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��15��531 <br /> c�ntinue to pay to Len��r t�e amaun�of�he s�parate�y des�gnated pa�rments that were due when�he <br /> insuran�e co�erage ceased t�be ��eff�ct. Lender wi�� accep�, use a.r�d retain�hes�paymen�s as a <br /> non-ref�unda�le l�ss reser�e�n�ieu of Mor�gage�nsurance. Such lass rese�rve sha��be nan-refundahle, <br /> n�tvwi�hs�anding�he fa��t.ha�the Loan is ul��ma�e��paid in full, and Lender sha��not be required�o pa� <br /> Borrower any in��rest�r earnxn�s on such loss reser��. Lender can no Ionger require loss reser�v�pa�r�ents <br /> if Mor��age Insurance co�erage ��n the am�unt and for the per�od�hat L.�nd�r requires}prov ided by a� <br /> insurer se�ec�ed b�Lender aga�n becomes avai�able, is ob�a�ned, and Lender requires separately design�ted <br /> payments�Q�ard the prem�u�ms for Mor�gage�nsurance. If Lender required Mor�gage In�urance as a <br /> conditi�n of making�he L,�an and Barrower was required�o make s�para�ely designated payments toward the <br /> premiums far Mortgage Insurax�.�e, S�rr�wer sha.��pa�the prem�.ums requireci to maintain Mor�gage <br /> �nsurance in effect, or�o provide a non-refundable Iass reser�e, un��� Lender's requir�men�for N.�or�gage <br /> �nsuran�e ends �n acc�rdance wi�h any wr�tten agreement betw�en Borr�v�er and Lend�r pro��d�ng for such <br /> �erm�.nat�a�.or un.���terminatian is required by Appi�cab�e Law. Nothing ���s Se��ian I�affec�� <br /> Barrower's obliga��on�o pay �nterest a��he ra�e prov�ded�n th�Nat�. <br /> M�r�gage�nsu�rance reimburses L.ender�ar an��ntity tha�purchases the I��t�}f�r cer�ain�osses i�rna� �r�cu� <br /> if Borrovwer daes not r�pay�h�Loan as agreed. Borrower is no�a par�y�c��.��or�gage�n�urance. <br /> N�ort�ag��nsurers e�a�uat�their to�al risk on alI �u�h �nsurance in forc�fr�rn time�o�ime, and may enter <br /> into agreements w��h.o�her par�ies that share or modify�heir r�sk, or reduc�e�asses. These agreemen�s ar�on <br /> �erms and conditions tha�a�e sa�isfactor���the mor�gage insurer and�he o�er par�y�or par��es} ����ese <br /> agre�ments. These agreemen�s may requ�re�h�mar�gag��nsurer to make��yments using any saurce of funds <br /> �ha�the m�r�gag�insurer ma�ha�ve a�ailab�e(wh�ch ma� �nciude funds fl��ained from Mortgage�nsurance <br /> premuiums}. <br /> As a resul��f these agre�ments, Lender, any purchaser of�he No�e, ana�h�r��.surer, any reinsurer, any other <br /> en���y, �r an� affi�xat�of any of the foregoing, may receive�direct�y or ind�re�t��r} amaun�s tha�der�ve frorn <br /> �flr m.igh�be charac�eri�ed as} a pQr���n of Borrov�r�r's paymen�s for Mor�gage�nsurance, in e�change for <br /> sharing�r modify�ng the mor�gage insurer's ri�k, or r�ducing losses. If suc�agreemen�provides tha�an <br /> aff�liate of L.�nder takes a share of the�nsurer's r�sk �n exchange far a shar��f the premiums paid to the <br /> insurer, �he arrangement�s often�ermed "captive re�nsuranc�." Fur�her: <br /> �a} Any such agreements wi�l not affect the amaun�s that Borrower h�agreed to pay for Mortgage <br /> Insurance��r any other terms af the Loan. Such agreements will�a�incre�se the amount <br /> Borrnwer wil�awe fvr�Vlortgage Insuran�e, and they w���not entitle Borrower to any reFund. <br /> ��j Any such agreements will nat affec�the r�ghts Borrower has��f a��-with respect to the <br /> IVlor�gage Insurance under the Hameawners Protect��n Act of 1�9��r any other law. T�ese rights <br /> may inc�ude the right to recei�e cer�a�n disciosures, to reque5t a�.c�[��ta�n�ance��atian af the <br /> Martgage Insur�nce, to ha�e the Nlortgage Insuran�e terminatec�a��.omatica�ly, andlar ta r�eive <br /> a refund of any 1Vlor�gage Insuranc�prem�ums that�vere unearn��t�he t�me of su�h <br /> cancellat��n or t�rmination. <br /> �'I. Assignmer�t ���11��s�ellaneous P�oceeds: Forfeiture. AII Miscel�ane��s�ro��eds are hereby ass�gn�d�a <br /> and sha��be paid�o Lend�r. <br /> If�he Proper�y �s darnaged, su�h Mis�e��aneous Pr�ce�ds sha��be applied�o restoration ar repair of�he <br /> Praper�y, if the restoratian or repair is econami�ally feasible and Lender's secur�ty is not lessened. Dur�ng <br /> such repa�r and restara�xon period, Lender sha��ha�e the right to h��d such Misce��aneous Pr�ceeds un�i� <br /> Lend�r has had an appor�.un�ty ta insp�ct such Proper�y to�nsure the work has been comple�ed ta Lender's <br /> N�BRASKA-5ingle Famity-�anr�ie MaelFreddie Mac L1NlF4RM INSTRUM�NT Form 3D�8 11�7 <br /> VMP Q VMP6[NEy{1302j <br /> Wolters K[�wer Finan�ia[Ser�ices P�9���t�7 <br />