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��15�1915 <br /> continue ta pay to Lend�r�he amount of�he separa�eiy designated pa��ments that were due when�he <br /> ��.surance co�rerage ceas�d to be �n�ffect. L.�nder wii� accept, use and reta�n these payments as a <br /> nonWrefundabie loss reser�re �n�i�u af Mor�gage Insurance. Su�h �oss reser�re�hal�b�non-refunda��e, <br /> notwiths�anding�he fac�that th�Loan �s u��imatel�pa�d �n full, and Lender�hall not b�required to pay <br /> B�rrower any interes�nr earnings on such�oss reser�e. Lender can na Ionger r�quire l�ss res�r�e paymen�s <br /> if M�r�gage Insurance�overage��n th�amaunt and for the per�nd�hat Lender requ�res}provide�i b� an <br /> insurer se�ec�ed hy Lender aga�n becomes a�aila�le, is�b�a�ned, and L,ender requires separately designated <br /> payments �oward the premiums far Mor��age�nsurance. Zf I.,ender required Mor�gage Insurance as a <br /> �ondi��on of mak�ng�he Laan and B�rrower v�aas required to rnake separa�el�designated pa�ments�av�ard the <br /> prem�ums for Mortgage Insurance, Borrnwer shall pay the premiums requ�red to maintain Mor�gage <br /> Insurance �n effect, or to pro�ide a nonWrefundab�e�oss reserve, until Lender's requiremen�for Mor�gage <br /> �nsurance ends �n accordance vv��h an�written agre�men��etween B�rr�wer and Lender pr��rxd�ng for such <br /> �ermina�ion or un�il �erm�na�zon is requ�red b� Appiicable Lavv. Nothing �n�his Section 1 D affects <br /> BorrovWer's�bl�ga�ion ta pa� �n�erest at�he ra�e pro�ided in�he N�te. <br /> Mortgage�nsurarzc�reimburses I�ender�or an�entity�ha�purchases�he Note} for cer�a�n�osses ��may incur <br /> if Borrower does nat repay�he Loan as a�reed. Borrov�er is not a par�y to�he Mor�gage Insurance. <br /> Mortgage insurers evaluate�heir to�ai risk on a�� such insurance in f�rce from.��me to t�me, and may en�er <br /> into agreements vvith other par�ies�hat share or modify�heir r�sk, ar reduce losses. These agre�men�s are on <br /> terms and cond����ns tha�are satisfactory�� �he mor�gage insurer and the other party �or par�ies}�a these <br /> agreemen�s. These agreemen�s may requir�the mortgage�nsur�r�o make pa}�men�s us�ng an� s�urce of funds <br /> that th�mor�gage insurer may have a�ailable �v�rh�ch may include funds o�taine�.from Mor�gage Insurance <br /> premaiums}. <br /> .A.s a result of�hese agreements, Lender, any purchaser of the Na�e, anath�r insurer, any reinsurer, any other <br /> enti��, or any affiliate of any of the fo�rega�ng, may recei�e�direct�y or indirectly} amounts�hat der�ve from <br /> �nr might be characterized as} a port�on of Borrfl�er's paymen�s f�r Mor�gage�nsurance, in exchange for <br /> shar�ng or modify�ng�he mortgage�nsurer's r�sk, ��r r�duc�ng�osses. �f such agre�ment prov��des tha�an <br /> affilia�e of Lender�akes a share of the insurer's risk�n excha�ge far a share of�he premiums paid�o�he <br /> insurer, the arrangement is often�errned "capt��e reinsuran�e." Fur�h�r: <br /> �a3 Any�uch agreemen�s will n�t aff�ct the amoun�s tha�Borrower has agreed�o pa� for Mor�gage <br /> Insurance, or any o�her terms of the Loan. Such agreemen�s will not increase t�e amoun� <br /> Borrawer wi�i awe for Mor�gage In�urances and they wi�I no�entitle Borrower to any refund. <br /> �k�} Any such agreements will not affect the r�ghts Borrower has-if any �wi.�h r�sp�ct�o the <br /> Nlor�gage Insurance under�he Homeowners Prote�ct�on Ac�flf 1�98 or any other�aw. The�e righ�� <br /> may include the righ�to rece��e cer�ain d�sclosures, tfl reques�and ob�ain canceliation of�he <br /> IVlortgage Insurance, to have the Mor�gage Insurance�erminated au�amatically, andlar�o receive <br /> a refund of any IVlor�gage Insurance prem.�ums that�ver�unearned at�he time of such <br /> cance��at�on or term�na�xon. <br /> �1. Ass�gnm�nt af M�sce��aneous Proceeds; Forfe�ture. AII Miscellaneous Proceeds are hereby ass�gned�n <br /> and sha�l be paid t� L.�nder. <br /> �f�he Proper�y �s damaged, such M�scel�aneaus Prac�eds shall be appl�ed�o restaration or r�pair of the <br /> Pr�perty, �f th�restora��on or repa�r is economically fea��ble and Lender's secur��� is not Iessened. During <br /> such repa�r and restora��on periad, Lender sha�l ha�e�he r�gh�to hold such N��sce��aneous Proceeds un�il <br /> L�nder has had an appartuni���o �nspec� such Proper�y ta ensur��he w�rk ha�bee�corn�.p�eted tfl L�nd�r's <br /> NEgRASKA-5ingle�amiiy-Fannie MaelFredd�e Mac IJNIFORM INSTRUMENT Form 3028 110� <br /> VMP� VMf'6�N�)�i 302} <br /> Wa�ters Kiuwer�inar��iat Ser�ices Page 9 of�7 <br />