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��15�1�9� <br /> cant�nue�a gay to I,end�r the amaunt of�he separa�te�y designa�ed paymen�s�hat were due when the <br /> �nsurance co�erag�ceased to be�n effec�. Lender vvi�� a�cept, use and r��ain�h�s�payments as a <br /> non-refundable loss r�ser�e�n��eu of Mortgage�ns�rance. Such �oss reser�e sha��be non-refundabl�, <br /> notw�thstanding the fac��ha�the Loan is u��ima�e�y paid in fu��, and Lend�r sha��n�t be�equired ta pay <br /> B�rrower an� �nteres�or earn�ngs on�uch Ioss reserve. Lender can no longer require I�ss reserve pa�rmen�s <br /> if Mor�gage�n�urar�ce co�erage�in��.e amount and for the p�riad that Lender requires}prav�ded hy an <br /> �nsurer�e�e��e�hy I.�ender aga�n becom�s a�a�lable, x��bta�ned, and Lender requires separately des�gnated <br /> paymen�s�oward the premiums for M�r�gage�nsurarice. �f Lender r�qu�red M�r�gage Insurance as a <br /> candi�ion of making�he Loan and B�rr�wer v�as requ�red�o make s�parateiy designated payment� t�ward the <br /> premium�s far Mortgage�nsurance, Borr�w�r sha11 pay�h�pren��ums required�o ma�ntain Mortgage <br /> �nsurance�n eff�c�, or ta pr�vide a non-refundable l�ss reser�e, until Len�.er's requ�remen�for Mor�gage <br /> �nsurance ends in accardar�ce w�th an�written agr�emen�be�ween Borrower and Lend�r pro��ding for such <br /> term�nat�on ar un�il ternaination is requxred by Appl�ca��e La�. Nothing in th�s Section ].D affects <br /> Borr�wer's ob�igation t�pay �nteres�a�the ra�e pro�ided�n the Note. <br /> Mor�gage insurance reim�urses Lender�or an�en�i�y�hat purchases�he Nate�for��r�ain losses �t ma� incur <br /> if Borrower do�s na�repay the Loan as agreed. Borr�wer�s not a par�y to the Mor�gage�nsuran�e. <br /> Mor�gage�nsurer� e�va�ua�e their tota� risk on all such�nsurance�n force fram t�me�n�ime, and may en�er <br /> �n�o agreements v�ith o�her parties�hat share flr m�d�fy their risk, or redu��lasses. 'Th�s�agreemen�.s are on <br /> terms and c�ndi�ions tha�are sa�isfac�ory to�he rnar�gage insur�r and the other par�y�ar parties}to thes� <br /> agreemen�s. These agreements may require the mortgage insurer to�m.ak�paymen�s using any source of funds <br /> �hat the mor�gage insurer may ha�e a�a�lable�wh�ch may incXude funds obtaine�fram Mar�gage�nsurance <br /> premium�s}. <br /> As a resui�of these agreements, Lend�r, any purchaser of the Note, ano�her insurer, any r��nsurer, any other <br /> entity, �r an�r aff�liate�f any of the forego�ng y may receive�direc�ly ar ind�rectly�amounts that deriv� frflm <br /> �or mk�ght be charac�er�zed as}a por�ion a�Borr�wer's paym�ents far Mar�gage Insurance, �n exchan.g�f�r <br /> sharing ar m�dify�ng�he m�rtgage xnsurer's r�sk, or reduc�ng Iosses. �f such agreemen�provides that an <br /> aff�liate af Lender�akes a share of the�nsur�r's r��k �n exchange for a share of the premiums paid�o�he <br /> xnsur�r, the arraYag�ment�s often t�rmed "�aptive reinsurance." Fur�her; <br /> �a} Any such agr�ements will not affe�t the amounts that Barrawer ha�agreed ta pay for Mortgage <br /> Insuranc�, or any oth�r terms af th�Loan. Such agreements w��l not increase the amount <br /> Barrower will owe for Mortgage Insurance, and they w���not ent�t�e Borrower to any refund. <br /> ��� Any such agreements w�l�not affect th�r�ghts Borrower has�if any-w�th respect ta t�e <br /> Mortgage Insurance under the�3omeowners Pratection Act of 1998 or any other�aw. Th�s�rights <br /> may�nclude the right to rece��e certain disc�osures, to request and�bta�n cance��ation af the <br /> M�rtgag�Insurance, to ha�e th�IVlvrtgage Insurance terminated automatically, andlor tv r�c��ve <br /> a refund of a�y Martgage Insurance pr�miums�hat were unearned at the t�me�f suc� <br /> cancellat�on�r term�nation. <br /> ��. Ass�gnment of Miscellaneou� Praceeds; Forf�iture. ,A�� Misce��anenus Proceeds are herehy assigned�o <br /> and sha���be paid to Lender. <br /> If�he Proper�y is damaged, su�h Mis�ellan�aus Pr�ceeds shall be app��e� to res��ration ar repair of the <br /> Property, �f�he res�ora�ivn or r�pair is economica���feasible and Lender's securi�y �s not�essened. During <br /> such repair and res�ora�i�n p�riod, Lender sha��ha�e the right�o ho�d such M�s�ellaneous Proceeds un��l <br /> Lender has had an opp�r�uni���o inspect such Pr�perty�o en�ure�he w�rk has been�omple�.ed�a L�nder's <br /> N�6RASKA-5ingle Family-Fannie MaelFreddie Mac UNIF�RM[N5TRt1MENT Farm 3D�8 71�1 <br /> VMP� VMP6�N�)�'�3�Zy <br /> Woiters Kluwer�inan�iat 5er�ices P�'g������ <br />