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��15��549 cont�.nue�o pay t�Lender�he amount of the se�arate�y des�.gnated paym�nts that were due when th� insu�ance coverage ceased�o be i�effec�. Lender�r�.�l accept, use ar�.d retain these�ayments as a non refunclable Ioss reser�e in.�ieu of Martgage�suraxzce. Such�,oss reserve s�all�e r�on-r�fu�n.dab�e, no�.�hs�d.in.g the fact that the Laan is u�.�imate�y paid Yxa.ful.�, and Lender sha1�not be required to pay Borrower any�nterest or earni:ugs on such Iass reserv�. Lender car�no Ianger require Ioss r�serve payments if IVlortgage Insurance coverage��n the amour�t a:nd.for�he period�hat L,ender re�u.ires}�rav�ded�y� lnsurer se�ected by Le�der aga�n be�omes available, is obtai�:ed, and Lender re€�uires separate�y desa.gnated payments t�v�ard the pxem�ums far Mor-tgage Insura�ce. If Lender requir.ed Mflr�gage I-�.surance as a cond�.ti�n of m�g the Loan and Borrov�er was required to make separate�y desxgnated payments tow�.rd the prenmi�n.s for Mortgage Insuran�e, Borrov�rer sha1l pay the premiums required to maintain Mor�gage Insurance in effect, or�o prov�de a nan-refu�.d.a.ble�oss reserve, un�Lend�r's requirement for Martgage In.surance ex�ds x.n accordance v�ith ar�y v�ri.tt�n agreernent be�ween Borrower and L,end.er provic�in.g f�r suc�i terminatzon ar un�i1 tennination is requ�.r�d by Applicabl.e�ativ. No�g ir��us Section 1 U affects �arro�ver's obliga�inn�o p�.y ixaterest at the rate prov�ided�r�the No��. M�rtgage In.surance reimburses Le�der�or any entity that purchases the N�te}for certaixa�Iasses it may�ncur i�f Borrower d�es r�ot repay�he Loan as agreed. Borrawer i.s nQt a party to�h.e Moxtgage Ixa.surance. Mortgage insurers evalua�e the�r t�tal risk o�a11.such insuran�e i-�.force from time�o time, ara.d may ent�r in:tv agr�ements with other part�es that share Qr mod�fy their ri5k, or redu�e Iosses. These agreements a:re or� �er�ns and condYtions�iat axe satisfactory to the martgag�insurer and the other pa-r�y�or parties}t�th�se agreements.. These agreements may requ�re�he�nartgage in�urer to make paymen�s u.sing any saurc�of funds that the mortgage insurer may have a.va�lable�wh�.c�.�nay inciude fux�.�.s obta�ned fram Nlortgage Insura�ce prernzums}. As a resu��af�ese agreen:ients, Lend.er, any pur��aser of�he Note, ar�oth.er insu:rer, a�y rei�s�arer, ax�y other entity, or any aff��iate�f ar�y of�h.e fflrego�ng, may recezve�di.rectly or i.x�.d.�irect�y�amot�x�ts that derive from �ar migh�be characteri2ed a.s} a por�ion of Barrawer�s paynnme�ts for Mortgage I�a.surance, �n e�chan:ge for sha��g or mod.%fying�he mortgage irLsurert s rzsk, or reducirig Iosses. If such agreement provides that an aff�.�iate of Lender�akes a.share of the�nsurer's ris��ri exchange for a share of the premiums pa�.d to the insurer, �h.e arrangement is often term�d"capt�.ve rein:surance." Furt.her: �a} An.y such agree�ments w�ll not a.f�e��tlhe aanounts th�t�orrower has agreed to pay for Martgage ][msura��e, vr an�a��.er�er�s af�.he]L�a�.. �uch agr�ements�l not i��ease�he a�aunt I�orr�wer v�aill owe for 1V�ortgag�I�s��.c�, �r�d th�y�ill not erititle Borro�ear ta �.ny refia�d. �b� Axly�uGh a.g��ents�vi�l�ot affect the right�B��rawer has-if any-�ith.��s�aect to��e Ma�-tgage In�uran�e�.n�.�r the Ha�eavvne�-s�.'�-ote�tiox�.Act vf 199� or axay�ther�a�vd The��righ�s ma�inclucle the rig�t��recei.v��e�-tain disclosures, t4 re�uest a�d obt�i�.cancellati�n af the - Ng�r�gage I�.sura�:ce, ta h�.ve th�Mortgage Insurance te�r�i.nated aut��.tically, ancllor to re�eive a r�fua�.d af an�Mo�r-tgage I�s�:�-an�e prem�.ums that were u�earned at the t�me af su�h �ancella�.on or te�nnin.ati�n. '�'�� Ass�gnme�t of M iscei[ane�us Prnceeds; �or�`�itu�e. All M�s�e�larieous Praceed.s are hereby assxg�ed�a and sha1l be pa�d ta Len�d.�r. If�he Property�s dama:ged, such_M�seellar�.e�u.s P��eeed.s shall�be applied�o r�stora�ror��r repa�.�of�ie �'roperty, �f the rest��atian o�re�air is ecox�.o�.i.c�.�y�ea.�i�le anc�L.ende��s sec�rity�s not�esse�ed�. ]�uring suc�.repair ax�d restora�ion period., Lender sha1l have the r�.g�it�o ho1d.suc�Mzscel��.e�us Proceed��t�.�: Lender has hac�an oppor�unity to insp�ct such 1'ra�er�y ta ensure the wor�h�s been comp�eted to Len:der°s ��aa777� N'EBRASKA-Sing[e Family-Farinie MaelFreddie Mac UNlF�F2RJ1 fNSTRUM ENT Form 3028�l0� VM P Q VM Pfi�NE}��30�} V11a[ters Ki�rw er Financia]Services Page 9 0�17