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��15�1151 <br /> contixiue to pay to Lender t�ie amour�t af the separate�.y designated pay�aents tha�were du�whexa.the <br /> i.n�uran:ce co�rerage cea.�ed�o be zn effect. Lender�v���ae�ep�; use and retai�thes�paymer�ts as a <br /> n��-refundable Ioss reserve�n iieu of 1Vlort�age Insurance. Such�.oss reserve sha1�be non refundabl.e, <br /> natwithstandzng the�act tha�tl�e Loan�.s ul��rnate��r�a�d in.f��, a.nd Lenc�er�ha1�n�t be requir�d to pay <br /> Farrow�x-a�y�.nteres�or ea.rnings on su.ch loss reserve. Lerid.er�ar�;nc��onger requ�re�oss reserve payment� <br /> zf Mortgage�nsu.rance coverage�iri�ie amount and for the�eriod�a�Y�e�der requ�res}prov�.ded by an <br /> i-�surer sel.ec�ed by Lender aga:�becames avail.able, �s abta�ed, axid Lender requ�res separately deszgnated <br /> pay�nents toward the prem�u�rLs far Mor�gage Insurance. If Lender required.Mor�gage Insurance as a <br /> canditzor�of ma�ing�he Loan and Borraurer vvas required to m�.k�separately de��gr��.�ed pa:yments toward the <br /> premYums f�r Mortgag�Insurance; Borrower shal.I.pay�he premium.s required to main.tain Mor�gage <br /> Ir�s�arance�eff�ct, or to provzde a non refundable�.oss reserve, unt��L.ender's require�.ent fvr 1Vlor�gage <br /> Insu�-an.ce�nd�ir�accorc�.a�ice vvith any wri�.te�.agre��.ent between I3arrower anc�Ia�n�der�x�vid�g for such <br /> ter�na�an ar�.nt�ter�.nati�n�s required by App�cab�.e I�aw. No��ng i�.�s Sectzo� 1�affec�s <br /> Borro�er°s���gati��t�pay�terest a�t�e rate�roviciec�i�the Note. <br /> �VJCortgage Insuran.ce reimbur��s Lender�ar any entity�h�.t p�u�c-chases the N��e]for certair�iosses it rnay i�cur <br /> if Barr�wer does n�t repay the Loan as agr�ed. Barrower is not a party�o�ie M�rtgage Insurance. <br /> Mortg�.ge�nsurers e�raluate their total risk on a1�such�nsurance iri f�rce fram time to t�.m.e, ar�d may enter <br /> x.x�.to agreements�u�th other�aa.r��es that share or modify th�ir risk, or reduce l�sses. These agreements are on <br /> terrn.s and co�di�ons that are satzsfac�ory tQ tlie martgage i�surer ar�d the other party[or partzes}to these <br /> agreements. These�.greements may require the mar�gage insurer to make payment�usi�g any source of funds <br /> that the rnortgage in��xrer�nay have av�ab��[which�ay i�c�ud�f�nds obtai.ned.fr��x�.�Illortgag�]C-�sur�x�.c� <br /> premzum.s�- <br /> �s a resu�t of�hese agree�ents; Lender; �:�r purch�er�f the Note, �oth.e�ins�er, any re�.x�.st�a-er, �v otlzer <br /> en�ty, or any af�liate of any�f�he fa�eg��.n.g, xn�.y recei:�re�d7rec��.�or indirec��y}a�n.fl�ts that d.e�ive f�-ar� <br /> �or rnight be character�zed as�a port�a�x of Borrov5rer{s pay�a.�nts for Mortgage In:suranc�, in�xchar�ge f��- <br /> shar�.g or modify�n.g the mortgage in.�urer's rzsk, �r reduc�:zzg I�sses. r�such agreement prvvides�ha�an <br /> a.f��ate�f Lender takes a sha�re of the insurer's r�sk in e�ehange far a�har�of the prex�urns pa�d ta the <br /> insurer, th�arrangement is�ften termed"captzve reinsuran.c�." Fur�her: <br /> �a} Any su��.agreeme�ts�11 no��ffect the amoun.ts thaf��rrayve�has agr�ed t�p�.y fvr 1.l�Iortgag� <br /> I��urance, �r any�thex ter�s of t�ie Laam. S�c�i agreement�w�not i�crea5�the a�ou.n.t <br /> I3�r���e��i�l.��e far Mortgage I�suranc�, �nd.they�vi�a��t�n�tl�8����e�-t� �.�y ref�a.d.a <br /> �b� �y suc�i agr�en�ent��1�.n�t affec�the rights I�oxr�wer ha�-xf ari�-�fh res�a�����th� <br /> M�rtg�g�Ins�-an�e��er t�he�a�.e�wa��rs Pr�tect��ai�ct af 1�9� �r an��the�r��.v�a `I'hese�ght� <br /> �ay��lud.e�.he.right ta re�ei�e c��ta�ciis��as�-es, t�r�quest and a�ta�n cancell�tio�of t.he. <br /> Mo�tgage Insur�.nce, to lhave the M�rtgage Insurance termi�.ated�uto�a.a:t���lly, a�d.lor t��eceiv� <br /> a refun�l�f a�.y Mortgag�Inswra�ce prenn�iu�s that were unearaned at the ti�e of su�� <br /> c�.ncella�:ari ar t�rm�ati�n. <br /> '�'�. Ass��nmen� of il�l isGe�lane�us �raceeds; Forf�it�re. .A�.1 ll�iscellane�us 1'r�ceeds are hereby ass�gn�d�o <br /> and s�a1�be paid ta Len�.er. <br /> If�ie Property�as d,amaged, sueh Misce�.�.aneo�s Pr�c�eds sha11�e ap�Iiec��o�estaratia��r�e�air�f the <br /> P�-operty, �.f t�he�-estaratio�ar repai�-�s econ�mic�Ily fea.�i.1�1e anci I�end.er's sec�ity�s�at�.�ssened. ]�ur�:r�g <br /> such repa�r ar�.d restorat��n perzod, Tlende�s�.a�.I��.v e�ie r�:ght�o���c�suc��Vlisce�.l.a�eous l�roceeds��.�. <br /> Lender ha.�ha�an opp�rtu�aity ta�spect s�.ch Property t�eris�uxe�he wor��as�een cam�ple�e�.�a�,e�.c�er's <br /> 24Q47938 <br /> NEBRASKA-Singfe Famify-Fannie N!aelFreddie M ac UNlFORM 1NSTR�M ENT Form 3�28 1Ia� <br /> VN[P� VNiP6(NE}��3Q2} <br /> V11o[ters fC[�aw er Financiai 5er�ices Page 9 af�T <br />