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��15��7�� <br /> c�nt�nue t�pay to I,�nder th�amoun�of the separa�ely designated paymen�s tha��ere due vvh�n�he <br /> insurance�overag��eased ta be in effec�. I.ender wi�l acc�p�, use and retain�hese paymen�s as a <br /> non-refundabl�Ioss reserve in iieu of Mor�gage Insurance. Such l�ss reser�re shal� be non�refundabie, <br /> no�vviths�anding the fac�that the Laan is ultimate�y paid in fuli, and Lend�r sha11 not be required to pa� <br /> Borrower any in�erest�r earnings on such loss r�serve. Lender can no �on�er requ�re I�ss reser�e paymen�s <br /> if Mar�gage�nsurance coverage (in�he amount and for the period�ha� I.�nder requ�res}provided by an <br /> insurer se�ected by Lender a�a�n becomes ar�ai�ab�e, �s ab�a�ned, and Lender requires separatel�designated <br /> pa�rmen�s toward th�prem.�ums for Mortgage Insurance. If Lender required Mor�gage�nsurance as a <br /> cond��ion af mak�ng the Laan and Borr�wer was required to ma�e separate�y des�gna��d payments�oward the <br /> premiums for Mnrtgage Insurance, Borr�wer sha��pa� �he prem�ums requ�red��main�ain Mor�ga�e <br /> �nsurance in effect, or��pro��de a non-refundab�e Ioss reserve, until I.�nder's requirem�n�for�V�ar�gage <br /> �nsurance ends in a��ordance wi�h any wri��en agreem�nt b�tween Borrower and Lender pra��ding for such <br /> termination or until termination is required by Appi�cable Law. No�hin� in this Secti�n ��affec�s <br /> Borrower's obl��at�nn to pay interes� at�h�rat�pro��ded �n the Note. <br /> N�artgage�nsuranc�reimburses Lender�or an��n�it��ha�pur�hases th�Note} for cer�ain Iasses it may incur <br /> if Borrower does n�t repay the Loan as agreed. Barrow�r�s no�a par�y t� �he M��gage �nsurance. <br /> IViartgage insurers e�a�uate their to�a� risk fln a�� such�nsurance in force fram time�o txme, and may en�er <br /> into a�reements w�th o�her par�ies�ha�share or modif� �he�r risk, or reduce losses. Th�se agreemen�s ar�on <br /> terms and condit�ons t�iat are sa�isfac�ory�o the mortgage insurer and the other par���or par�ies} to�hese <br /> agreements. These agr�ements ma� require�he mortgage �nsurer to mak�payments using any source of funds <br /> that�he m�r��a�e�nsur�r may ha�e availab��twhi�h m.ay �nc�ud� funds obta�ned fr�m Nlortgage Znsurance <br /> prem�ums�. <br /> As a resul��f these agreemen�s, L�nd�r, any purchaser of the Note, another insurer, any r��nsurer, an�other <br /> entit�, or any af��l�a�e of any of the f�re�oin�, may r�c�i�e�direct�y or ind�rectly} amaunts tha��ieriv�fr�m <br /> �or might be character�zed as} a por�xon af Borrawer's payments for Mortgage�nsurance, �n exchange for <br /> shar�ng or mod�fy�ng��.e mor�gage insurer's risk, or re�iuc�ng Ioss�s. If such agreem�nt pr��ides�hat an <br /> af��iate of L�nder takes a share of the insurer's r�sk�n�xchange for a share af�he premiums paid t�the <br /> insur�r, the arrangemen� is af�en termed "ca�t��e re�nsurance." Further: <br /> �a} Any such agreemen�s w���nat affect the amou��s�hat Barrower has agreed to pay far IVlortgage <br /> Insurance, or any o�her�erms of�he Loan. Such agre�m�n�s wii�nat increase the amount <br /> Borrower��v���owe for Mflr�gage Insurance, and�hey wii�no� ent���e Borrow�r�o any refund. <br /> �b� Any such agreemen�s w���not affect�he righ�s Borrower has�if any � w��h respect to�he <br /> Mor�gag�Insuranc�under the Homeowners Pra�ection Ac�of 1998 or any o�her�aw. Thes�righ�s <br /> rnay inc�ude�he r�gh��o recei�e certain d�sc�osures, to reque5t and ab�ain cancel�ation of the <br /> Mor�gage InSuranc�, �o ha�e�he N�or�gage Insurance�erminated autonla��ca�ly, andlor to recei�e <br /> a reFund of any Mortgage Insurance premiums that were unearned at�he�i�m.e of such <br /> cancellation ar termina�ion. <br /> �'[. Assi�nment nf Misce�laneous Prviceeds; Farfeiture. A�l N�isce�laneous Proceeds are hereb� ass�gned to <br /> and shall�e paid to Lender. <br /> If�he Praper�y �s�.amaged, such M�scellaneous Proceeds sha��be appl�ed to restara�ion ar repair of the <br /> Pr�perty, if the restaration or repair is econom�cally feasible and Lender's secur��� �s not lessened. Dur�ng <br /> such repair and res�oration period, Lender shall ha�e the right�o hold such M�scellaneous Proceeds un�il <br /> Lender has had an�pportuni�y to inspec�such Pr�perty�o ensure the w�rk has been compl��ed to Lender's <br /> N�BRASKA-Singie Famity-Fannie Ma�l�reddie Mac 11NI�QRM INSTRUM�NT �orm 3�28#la1 <br /> VMP[� VMPfi[NEZ�7 302y <br /> Walters K�uwer�inancia�S�r�ices Page 9 of 17 <br />