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��15�1�4� <br /> cont�nue�o pay�� Lender�he amount of the separa�e�y designated paymen�s�ha�were due�rhen�h� <br /> insurance cav�rage ceased�o be�n effect. Lender v�il� accep�, use and reta�n these paymen�s as a <br /> non-refundable Ioss res�r�e�n��eu of M�rtgage�nsurance. Such loss reser�ve shail b�non--refundab�e, <br /> no�.wit.hs�anding the fac��hat�he Loan is u��ima�ely pa�d �n fu��, and Lender sha�i no�be r�quired�o pay <br /> B�rrower any interest or earn�ngs on such loss res�rve. L.ender can na langer r�quire�oss reserve payments <br /> �f Mortgag�Insuranc�co�erage txn the amoun�and f�r the per�od�ha� Lender requires}prov�ded by an <br /> insurer�elected by I,ender again b�comes a�ai�able, is abtained, and Lender requires separately des�gnate�. <br /> paym�nts toward�he prem�um�.s for Mortgage Insuran�e. If Lend�r r�qu�red Mar�gage �nsurance as a <br /> Gondi�ion of mak�ng the Laan and gorrower was requ�r�d to make separately designated pa�ments toward the <br /> premium� for N�or�gage�nsurance, Borrower sha11 pa�r�he prem�ums required�o mainta�n Mar�gage <br /> �nsurance in e�fec�, or to prvvide a nan-r�fundable loss reser�e, un�z� Lender's requiremen�for M�rtgage <br /> Insurance ends in accordance wi�h any vvri��en agreemen�bet�veen�3�rrower and Lender prov�ding for such <br /> termina�ion or un�i1�erm�.na�xon�s requ�red�y Applica��e Law. No�hing �n th�s �ec�ian ID affec�s <br /> Borrower's obligati�n to pay in�erest a�the ra�e pro�ided in�he Note. <br /> N�or�gage�nsurar��e reimburses Lender(nr any en�ity�hat purchases�he Note} far cer�ain�osses �t ma� incur <br /> if Borrow�r does n��repay�he Loan as a�reed. Borrower is nat a par�y t�the Mar�gage�nsurance. <br /> Mor�gage�nsurers eva�ua�e�he�r to�a� risk an a�� such�nsurance�n force from time to t�me, and may en��r <br /> �n�o agreements with o�her pa.rt�es�ha�share or m�d�fy their rxsk, or reduce�osses. These agreexnen�s are on <br /> �erms and cond�t�ons tha�ar�sa�isfac�ary��the morCgage�nsurer and th�other party�or parties} �o�hese <br /> agreements, These agreem.ents m.ay r��uzre�he mor��age�nsurer�a ma1�e payments using any�aur�e af funds <br /> . �hat the mortgage insurer may h���e a�aiiab�e�v�rh�ch may inc�ude funds obta�ned from Mar�gage��.surance <br /> � k <br /> pr�mu.ums}. <br /> As a result of these agre�men�s, Lender, any purchaser�f the Note, another insurer, an�r re�nsurer, any o�her <br /> entity, or any affi�ia�e of an�r�f the for�ga�ng, may receive�d�re�tiy ar ind�r�ct�y} amoun�s that der�ve from <br /> �ar mY.�h��e charac��rYzed as} a part�on of Borr�w�r's paymen�s for Mor�gage Insura.nce, in exchange for <br /> sharing or mod�fy�ng�he mortgage insurer's risk, or reducing lasses. If such agreement pr�v�des that an <br /> affilia�e�f Lender takes a share of�he insur�r's risk in exchange for a�hare of�he prem�.ums pa�d to the <br /> insur�r, �he arrang�men�is�f�en termed "capt�ve reinsurance." Fur�her: <br /> �a� Any such agreem�nts wii�not affect the amour�ts that Borrower has agreed�o pay for IVlor�gage <br /> Insurance, or any vther terms of the Laan. Such agreements wili no�increase the a�nount <br /> Borrower w��l owe for Martgage Insurance, and they w��l nat ent�tle Borrower ta any refund. <br /> �hj Any such agre�ments wi��not affect the r�gh�s Borrower has��f any-w�th respect to�he <br /> iV�,�r����,�Tx����r�x��,���n��r���:�����rwn�r� �����t����,����X��� �r any other�aw. These r��h�s <br /> may�nc�ude the right to receive certa�n disc�vsur�s, to request and ob�ain cance��at�on of the <br /> Mox-tgage Insurance, �o ha�e the Mortgage Insurance termi�n.ated aut�matical�y, andlor tv receive <br /> a refund of any Nlortgage Insurance premiums that were unearne�at the time of such <br /> �ance��ation ar term�nat��n. <br /> '��. Ass�gnment �f �liliscel�aneous Praceeds: Farfeiture. A11 M�sce��aneous Proceeds ar�hereby assigned to <br /> and sha��be pa�d to L�nder. <br /> �f the Property is darnaged, such Misce��aneous Proceeds sha��be app�ied to restoration or repair af the <br /> Proper��, if th�r�staration ar repair is ecanomically feasib�e and Lender's security is nat�essened. During <br /> such repair and res��ration per�ad, L�nder sha��have�he r�gh��o h�ld such Misce��aneous Proceeds un�i� <br /> L..�nd�r has had an oppor�unit�ta insp�ct such Proper�y t� ensure the work has been comp�eted to Lender's <br /> NEBRASKA-Sit�gle Family-Fanr�ie Ma�IFr�ddie Mac UNIF�f�M INSTRUM�NT Farm 30�8 i 1�7 <br /> VMP� VMPfi�N��t13�2y <br /> Wolters Kluwer Fsnancial Ser�ices Page 9 of 7 7 <br />