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��15�11�� <br /> contx.x�.ue�o pay to Lend�r th�amaunt�f�he separate�y desig�ated paymen�s�ha�were due whe�the <br /> i-nsurara.�e caverage��ased to be�n eff�ct. L�nder wi�l accept, use an.d retair�these paymen�s as a <br /> nar�refundable�oss reserve�n lieu of Mortgage Insurance. Such l�ss reserve shal:�be�on-refund�.b�:e, <br /> n�tv�thstand�.ng the fact�ia�the Loan�s ultimately pa�d in.ful�., ar�d Lender shall not be required�a pay <br /> Borrflwer any ir�teres�or earnings on such�oss reserv�. Lender car��.o l.onger require Ioss reserVe payments <br /> if Mor�g;age In�urrance coverage�in the amournt and far�lie period�hat Lender requir�s}pr�v�ded by an <br /> in�urer se�ec�ed�by Lez�der aga�.xa.becomes ava�Iable, �s obtai�ed, and Lender xequ�res separately des�gri.at�d <br /> payments totivard�he premiurn,s fflr Mor�gage Ins�xra:�ce. If Lender required Mortgage I�.sura�a.ce as a <br /> ca�c�i�ion of�a.ki-ng the Laan a�d Borrower�vas requirec�t�make separate�y des�g�a,ted pay�m.ents toward the <br /> premiums far Mortgage Insurance, Borrower shal.I pa�r�he�premiums�equirec�to�a�.taxr�Mortgage <br /> Insurance in ef�ec�, o�ta provx.de a�.on-ref�.dabl.e�o�s reserve, urit�1�Lender's r�quir�ent for Mor�gag� <br /> Insurance ends in acc�rdance wz�h any writ�er�agreerner�t betvveen I3�rrower and Ler�der prov�ding for such <br /> ter�n�nat�on or until ter�rnina�on is requi�-ed by App�icab�e Lav�. No�hi.x�.g i.r��� Sect�on 1�aff�cts <br /> Borr�wer`s obl.xgatx.on�o pay i�terest a��he rate prov�ded in�he N�te. <br /> Mor�gage Insurance reimburses Le�.der��r ax�y ent��y�.hat pu:rchases the No�e]for cex-�ax.x�.Iosse�i�may incur <br /> if�3orrower d.aes nQt repay the Laan as agreed. Borrower is�ot a party t�the Mox-�gage Ir�urance. <br /> IV�artgage�:surers evahua�e�heir tatal risk on a11 s�ch irisurance in farce f�-am t�me�o time, a�d�nay enter <br /> i-�to agreemer�ts�with o�her part�.es that share or madi�y thei.�r��k, ar redu�e�osses. These agreements are on <br /> term,s arid.cond��zons�hat are sat�sfactory to t�ie mortgage insurer and the other party�or par�ies�to�h.ese <br /> agreemen��. These agreements may require�he xnortgage rnsurer to make payment�using any sourGe�f funds <br /> that the mor�gage insurer rx�ay have ava�able�which may incl.ude fi�.nd�abta�ned fram MQr�gag�J[r�surance <br /> premiums�. <br /> As a result af�ese agreements, Lender, any pur�haser of the No�e, another insurer, any re�risurer, a:ny other <br /> entity, or any aff'iliate flf any of the foregozng, may receive[direct�y�r ind�.rect�y} amau�ts th.at�.�ri.ve from <br /> �o�m�ght be charac�er��ed as�a port�o�.of Borrower's payments for Mar�gage I�surance, in exchange for <br /> sha�`ir�g or m�d��y�rig��e mor�gage i�su�er's r�.s�, or�-educing Iasses. If suc�agreerr�ent provides�hat an <br /> aff�ia�e o�Lender ta,kes a share of�h�i.�surer's�is��e�change for a sh.are of the prerniums paid ta th� <br /> �nsurer, the ar�angen�ez�t is often termed"ca�t�v�r�i-�surar�ce." �ur�he�-: <br /> �a} A�.y suGh agreex�aie�.ts wi�l.�nof�.ffect fhe a;mounts that Bm�r-ower has agreed.t�pay for l�I�a tgage <br /> �in�urane�, a�any o�her t��n�af t�e]Loa�.. �uch�.g�-eea�e�ts w�l��.ot�crease the a���rnt <br /> ��rra�er wil��we fo�Mv�tgage J[nsur�.nee, and they w�not e�:t�..tle�o�.~ro�er to �.ny refund. <br /> �b} Any such agreeme�m.��w�ll�.ot a�ect the rights�orr�wer�.�.s-�f any--with res�ect ta t�� <br /> �Cortgage Ynsu�a�ce under the�om�o�vn.ers Pro�e�tio�.Act af 199$or�.ny ot�ae�-law. '�l�ese righ�s <br /> m�.y�clud�the�ig�t to recexve�erta�.n disc�osures, to�-equest amc�olbtain cance�la�on of t.�.e <br /> IVlortgage Insurance, t�I�ave the Mortg�.ge���uramce ter�.iriated aut�ffiatica�ly, am.�Iar to reeeave <br /> �.refu�d vf a�y I�Io�tg�.ge Insurane�preani�a.5 th�.t�vere��arried.at the t�i�e of suc� <br /> c�.nce�l�ti�n or ter�ata�.o�. <br /> 'l'[. �►ssigr�me�t �f M isce�ianeous Proceeds; For��i�ure. 1�I�Mzscel�aneQu�Proceeds are hereby�.ss�:g�ec�to <br /> and s�iall be paid to Lender. <br /> If the Proper�y�s damaged, such Misce�la�eous Proceeds sh.a�.�.be app�ied to restoration or repaix-of�he <br /> Property, if the restorat:�on or repa�r�s economi�ally feasibl�e an.d Lender's secur�ty is r�ot I:essened. I3uring <br /> such repair and restorati�n perxod, ]Lender shall have the right to hold such Mi.scellaneous 1'r�ceeds u�txl. <br /> Lender has had an opporturlity to inspect such Property to ensure the work�xas been c�mpleted��Lender{s <br /> 24�47896 <br /> NEBRASKA-5ing[e Family-Fannie N#aelF�eddie M ac UNIFQRM [NSTR�M ENT Fvrm 3�28 1 t�1 <br /> VM P Q VMPG(NE}(�3�2} <br /> Vtilo[ters Kf�w er F�ancia!Services Page 9 0�'[� <br />