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��15�1�95 <br /> cantinu�to pay to Lend�r the arn.aun�of the separately ciesigna�ed payments�ha�vvere due when�he <br /> insurance�o�erage ceased�o be in effect. L�nder wil� accept, use and re�ain these paymen�s as a <br /> nan-refundab�e lass reser�e �n ixeu of Mortgage�nsurance. Such l�ss reserv�shall be nonWr�funda�le, <br /> no�wi�hstanding the fa�t tha��he Loan is ultimately pa�d �n ful�, and Lender sha11 no��e required to pay <br /> Borrow�r any in�eres�or�arnings on such�ass rese�ve. Lender can no�ong�r require�oss reserve payments <br /> �f M�r�gage Insurance coverage��n the amount and for the per�od that Len�er requires}pro��ded by an <br /> �nsurer se�ec�ed by Lender again becames avax�able, �s obtained, and Lender requires s��arately designated <br /> payments�flward the premiums for Mor�gage�nsurance. �f Lender requxre�.Mortgage Insurar�ce as a <br /> candition of maki�.g�he L.aan and B�rro�er vvas required�o make separa�e���es�gnat��paym�nts�ovvard�he <br /> �remiums for Mortgage�nsurance, Borrower shall pay��e premiums r�quired�o ma�n�ain N��rtgage <br /> �nsurance in effe��, or�o provxde a non-refunda��e Ioss reserve, un�i� L.�nd�r's requirement for Mortgage <br /> �nsurance�nds �n a�cordance vv�th any written agreement be�ween Borrower and L�nder pro���ing for such <br /> �ermi.natian or until term�inat�tin�s r�qu�red by Applicab�e Law. N��hing in�his S���ion 1�aff�cts <br /> Borrow�r's v�liga�io��o pay �nt�r�st at the ra�e�z�v�ded in�he Na�e. <br /> Mortgage�nsuranc�reimburses I.ender�or any en�it�that purchases the No�e} for��r�a�n lnsses i��ma� ir�cur <br /> �f Borrower do�s not repay the Loan as agr��d. B�rrower is not a party�o�he Mortgage�nsurance. <br /> M�r�gage insurer�eva�uate�he�r��ta� risk on a11 suc�insurance�n forc�from�ime to t�m�, and may en�er <br /> into agreement�with o��ier par��es�ha�shar�or madify their risk, or reduce�oss�s. These agreemen�s ar�an <br /> t�rms and cond�t�ons that are sa�isfac�ary to�he mor�gage�nsurer and�he o�her party (or par�ies}ta�hese <br /> agreem�nts. These agre�men�s may require the mor�gage insur�r to make paymen�s using any source�f funds <br /> that the mor�gage�nsurer may have a�ailable�wh�ch may inc�ude funds o��ained fram�.Mor��age Insurance <br /> premiums}. <br /> As a result of th�se agr�ements, Lender, any purchaser af�he Nate, an�th�r insurer, any reinsurer, any o�her <br /> en�ity, or any aff�liate af any of��e for�ga�ng, may receive�d�rectly or�ndirec��y� amoun�s that deri�e from <br /> ��r m�gh�be character�zed as} a por�ion�f Borrower's pa�men�s f�r Mor�gage Insurance, in e��hang�for <br /> shar�ng or modifying�he mor�gage insurer's r�sk, or reducing Iosses. If su�h agreement pro��des that an <br /> af�lia�e of Lender�akes a share of the insurer's r�sk in exchange for a share of�he prem�ums pa�d�o the <br /> insurer, the arrangement�s aften termed "�ap�ive re�nsurance." Further: <br /> �a� Any such agreements wil�not affect the amounts tha��orrower has agre�d to pay fvr Mor�gag� <br /> Insurar�ce, or any other terms of the Loan, Such agreements wi�l not�ncrease th�amount <br /> Barrower will owe for 1Vlortgage In�urance, and they wil�nat�ntitle Borrower tv any refu�d. <br /> �b3 Any such agreements wi�l not affec�the r�ghts Borrower ha��-�f any-w�th respect ta the <br /> �Vlartgage Insuranc�under the Hameowners Protection Act of 19�8�r any ather�aw. These r�ghts <br /> may inciude the r�ght ta receive certain disc�asures, ta re�u.est and obtain cance�latxon af the <br /> Martgage Insurance, to have the Nlor�gage Insurance term�nated autvma�ica�ly, andlor ta rece��e <br /> a refund of any Nlortgage Insurance premiurns that were unearned at the time of such <br /> c�.nce�iatian ar terminat�on. <br /> 7 7. Ass�gr�ment of Miscel�aneous Proceeds; Forfeiture. A�� Misce�lan�ous Proceeds are hereby a�signed t� <br /> and shall be paid to L.ender. <br /> �f the Praper�y is damage�, such M�sce��aneaus Procee�s sha�l be appl�ed t� res�orat�on ar repair�f�he <br /> Proper�y, if�he restorat�on or repair is econamically feas�b�e and Lender'� securi�y�s no��essened. Dur�n� <br /> such repair and re���ration periad, Lender sha11 have�he r�ght�o hold su�h M�s�e�laneaus Pr�ceeds un�i� <br /> Lender has had an oppor�unity to�nspect such Proper�y�o ensure�he work has��en completed ta I,ender's <br /> NEBRASKA-5ingle Family-�annie Mael�reddie Mac UNIFQRM INSTRUMENT Form 3a28 11Qi <br /> VMP �eQ VMPfitNEf�13�Z� <br /> Wafters Kfuwer Finan�ial 5er�ices Page 9 vf'[7 <br />