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��15�1357 con�inue to pay to Lender the amount of the separateiy designated pa�rr�en�s that vvere du�when the insurance co�erage�eased to be in effect, Lender wi�I acc�p�, use and re�ain these paym�nts as a non-refundab�e Ioss res�rve �n lieu�f Mor�gage Insurance. Su�h loss reserve sha��be non-r�fundab��, na�vv��hstanding the fact tha�the L�an �s u�t�mate��paid in fu�l, and Lender sha�l no��e requ�red to pay Borrower any interest or earn�ngs on such �oss res�rv�. Lender can no ��nger require Ioss reserv�payments if Mar�gag��n�urance co�rerage�in the amount an� for�he per�od that I�ender requires}pro�ided�� an insurer se�e�ted by L�nd�r aga�n be�flmes a�a�lable, is o�tained, and Lender requir�s se�arately designa�ed paym�n�s toward�he pr�miums for Mor�gage�nsuran�e. �f Lender requ�red Mortgag��nsura.nce a�s a c�ndi�ion Qf mak�ng�he Loan and Borrov�er was required�o mak�separa��y designated payn�en�s�o�rard the prem�ums for Mor�gage�nsurance, Borrower shall pay �he premiums required to ma�ntain Mor�gage Insuranc�in effec�, �r�o pro�id�a non-refixndab�e�oss reser�e, unt�l Lender's requiremen�far M�r�gage Insurance ends in accordance w�th any writ�en agreement between Borrower and Lender providing for su�h �erm�nati�n or unt�Z termina��on�s required�y App�icab�e Law. Nothing in�his S�c�ion �D affeC�� Borrawer's ob�igat�on to pay �nterest at�he rate pr��ided in the Note. M�rtgage Insurance reim�urses Lender�or any entity t�at purchases�he Note� far certain losses it may incur �f B�rrower does not repay the Loan as agr�ed. Borrower is no�a par��ta�he Mortgage�nsuran��. Mo�gage insurers e�a�uat��heir tflta� r�sk on ali such insurance in force fr�m t�m��o�ime, and may enter in�o agree7ments vvith other par�ies�hat share ar modif�r their risk, or r�duce Iosses. These agre�ments are on terms and��ndit�ons that are satisfactory to the rno�figage insur�r and�he other party �or par�ies} to these agre�m�.en�s. These agreements ma� requ�re�he mortgage insur�r to make payments using an� saurce of funds �hat the martgage insurer may ha�e a�ra�lab�e�which may �nclude funds�hta�ned fram Mortgage Insurance premiums�. As a resul�of�hese agreemen�s, Lender, an�purchaser of�he Nate, ano�her�nsur�r, any re�nsurer, any flther en�ity, or any aff�lia�e of any of the forego�ng, may rece��e��ir�c�l�or indirec�ly} amounts that der�ve from �or m�ght be character�zed as} a por�ion of B�rrower's paynlen�s f�r Mor�gage Insurance, in ex�hange f�r sharing or mod�fying the mortgage insurer's r�sk, or reduc�ng�osses. �f such agreement pravides that an affi��a�e�f Lender�akes a share o#`�he�nsurer's risk in exchange for a share of the prem.iums paid to��e insurer, �he arrangenzen� �s often�ermed "cap�i�e reinsurance." Fur�her: �a} Any such agreemen�s will nat affect the amoun�s that Borrower has agr�d to pay for Mortgage InsuranCe, or any other terms af�he Loan. Such agreemen�s«i��not�ncrease the anlount Borrower wil�oti�ve for Mvr�gage Insurance, and they will not en�i�le Borrower to any refund. �h 3 Any such agreements will not affec�the r�ghts Sarro�ver has-�f any -�v�th respect to the Mor�gage Insuranc�under the�3omeowners Pro�ec�ion Ac� of 1995 ar�ny o�her�aw. Th�Se r�ghts may include�he r�ght ta re�eive certain disclasures, to request and obtain cance�lat�on.of the Mar�gage Insurance, to have the Mor�gage Insurance�erminated automatically, andlor to recei�e a refund of any Mor�gage Insurance prem�um�.s that were unearned at the time of such �ancella�ion or termina��on. '1'[. Ass�gnment of IUlisce�lanevus Pr�ceeds; Forfe�tur�. All Miscel�aneous Proceed� are hereby ass�gned ta and shall be pa�d�o Lender, �f�h� Proper�y is damaged, such Miscei�aneous Proc�eds sha11 be appii�d to restora�ion ar repair of the Property, if�he res�ara��on nr repa�r�s e�onomica�ly feas�ble and Lender's security is nat�essened. Dur€ng such repair and rest�ration periody L.ender sha��ha��he righ�to ho�d such M�scellaneous Proceeds until Lender has had an opportunity to inspe�� such Proper��ta ensure the work has be�n�omple�ed�o L.ender's NEBRASKA-5�ngle Fa�ity-Fannie Mael�reddie Mac L3N[�DRM lNSTRUMENT Form 30�8�IOi VMP� VMP6[N�f f i 3��) Watiers Kit�wer Financiat 5er�ices Page 9 of i 7