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��15�1541 <br /> c�n�inue�o pay ta Lender the amoun�of�he separatel�des�gna�ed pa�ments tha�wer�due when�he <br /> insuran�e coverage�eased ta�e�n effec�. Lender v�ill accep�, use and r�tain�hese paymen�s as a <br /> �an�refundab�e Ioss r�ser���n 1�eu of Mortgag�Insurance. Such loss reserve sha�l be non-�refunda�ie, <br /> n�tv�iths�anding the fac�that the L�an is ultimat��y paid�n full, and Lender shal�not be requ�red to pay <br /> Barrower any in�erest or earnings on such I�ss reser�e. Lender can no longer requ�re loss r�serve payrnen�s <br /> if M�r�gage�nsurance cov�erag��in the amount and for�he periad�ha� Lender requires}pra��ded b�an <br /> �nsurer se�ec�ed by L.ender aga�n becomes avai�able, is obta�ned, and Lender re�uir�s separately designated <br /> pa�rmen�s�award the premiums for Mor�gage Insurance. �f Lender required N�ortgage Insurance as a <br /> c�ndi�ian of mak�ng the Loan and Borrower was requ�red�o mak�separa�e�y des�gna�ed pa�m.ents�oward�he <br /> premiums for Mar�gage�nsurance, Barrov�rer shall pay�he premiums requir�d ta xna�n�ain Martgage <br /> �nsurance in effe�t, or�o provide a non-refundable loss reserve, unt�� Lend�r's requ�r�ment fflr Mor�gage <br /> Insurance ends in ac�ordance vvxth any written agreement be�w�en Borrower and L.end�r provid�ng for such <br /> termina�i�n ar un�il�erm�natxon�s requ�re�.by Applica�le Law. Nothing�n�his Sec�i�n ��affects <br /> B�rrov�rer's obligation�o pay �nteres�at the rate pr�vided in the No�e. <br /> Il�or�gage�nsurance re�mburses Lender�or any entxt� �hat purchases the Na�e} f�r�er�ain�osses �t may in�ur <br /> if Borraw�r does not repay�he Loan as agreed. Borrower is n��a party�a�he MQr�gage Insurance. <br /> Mor�gage insurers e�aluat�the�r to�a� r�sk�n a�� such �nsurance in force fr�m time�o t�me, and ma�r en�er <br /> into agreemen�s v�ith other�ar�ies tha�shar�or rnodify the�r rxsk, �r reduce�osses. Th�se agr�emen�s ar�on <br /> terms and cond��ions that ar�sa�isfactory to�he nlor�gage insurer and�he o�her par�y��r part�es}to�hese <br /> agreem�n�s. These agre�men�s ma� r�quire th�mor�gage insurer�o make payrnents using an�r s�ur�e of funds <br /> �ha��he�n�r�gag� xn�ur�r ma�have ava�la��e�which m�ay inc�ud�funds abta�ned fram.Mortgage�nsurance <br /> premiums}. <br /> As a r�sul��f these agreem�nts, Lender, any purchas�r of the Note, ano�her insurer, an�re�nsurer, an�o�her <br /> en��ty, or any affi�ia�e af any of the foregoing, may re�e��re�direc�ly or�ndirectly} amoun�s tha�derive from <br /> �or migh�be charac��rized as} a por��on of Borrower'�payments for Mar�gag�Insurance, in exc�a.�ge for <br /> shar�ng ar m�dify�ng the m�r�gage insurer's r�sk, or reducing losses. If such agreement prav���s that an <br /> af��ia�e of Lender�ake� a share�f the�nsurer's risk in exchange for a share of�he premiums paid t��he <br /> insurer, �he arrangement�s o�ten termed "cap�ive reinsurance." Fur�her: <br /> �a� Any such agreements wili not affe�t the amaunts that Borrower has agreed ta pay for Mortgage <br /> In�ux�ance� or a�y oth�r terms of the Loan. Such agreements w���nvt�ncrease the amount <br /> Borrawer will owe for Mortgage Insurance, an.d they will na�en�it�e Borrower to any refund. <br /> {b 3 Any such agreemen��w���na�afFect the right�Borravver has-��f any-with re�pec�to the <br /> Mortgage Insurance under the I3�meowners Protec�ion Act of 1998 nr any ather Iaw. 'I`hese rights <br /> may �nclude�he right to recei��cer�a�n disclosures, to request and obtain cancel�at�on of the <br /> Mvrtgage Insurances �o ha�e the Nlartgage Insurance term�nated automa�icai�y, andlor to recex�e <br /> a refund of any Mortgag�Insurance premxums�hat were unearned at the time af such <br /> cance��a�ion or termxnat�on. <br /> 'i�. Assignment af Miscel�anevus Prvicee�s: Farfeiture. All Miscel�aneous Proceeds are hereby assigned to <br /> and shal��e paid ta I,ender. <br /> �f�h�Proper�y is damaged, such Miscellaneous Pro��ed� shai�be applied to res��rat�an or repair of the <br /> Property, xf�he res�orat�on or repa�r�s ec�nomica��y feasible and L.ender's s�cur��y �s not lessened. Dur�ng <br /> such repazr and r�s�ora�ion period, Lender shall have the right�o hold such Miscel�ane�us Praceeds un��� <br /> �...�nder has had an�ppor�un��y�o �nspec�su�h Proper�y��ensur��he work has been comp�eted�o Lender's <br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac UNIFQRM INSTRUMENT Form 3D28 11a1 <br /> VMP(� VMPfifNEy[i 3�2f <br /> Wotters Kfuwer Fir�ancial Ser�ices Pa�e 9 0#�7 <br />