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��15��9�5 <br /> c�n�inue�o pay to Lender�he a�moun�of�he separa�el� desi�nated paymen�s that�rere due v�h�n�he <br /> insurance��verage cea�ed�o be in effect. L�nder w�l� acc�p�, use and retain these pa�men�s as a <br /> nan�refundable Ioss re��rve in�ieu of Mor�ga�e Insurance. Such la�s reser�e shai� be nan-refundable, <br /> notw�thstanding the fac�that�he Loan is u�timate�y paid �n ful�, and Lender shall n�t be required ��pay <br /> B�rrower any �n�erest ar earn�ngs on such I�ss reser�e. Lender ca�a no lnnger require Ioss res�rve payments <br /> if N�ortgage �nsurance caverage(�n the amount and f�r�he period that Lender requires}prov�ded by an <br /> insurer selec�ed by Lender aga�n becames a�ailable, is ahtained, and Lender requ�res separatel� des�gna��d <br /> pa�men�s t�vvard�he premiums for Mar�gag� �nsuranc�. �f Lender requ�red Mortgage �nsuranc�as a <br /> condi�i�n of making�he Loan and Borrow�r was required to 3make separate�y designated payments toward�he <br /> premiums for N�or�gage Insurance, Borrov�rer shall pa�the premiums required t�maintain Mar�gage <br /> �nsuran�e in ef�`ec�, or�o pro�id�a non-refundable�oss res�rve, un�il Lender's requir�ment for Mor�gage <br /> �nsurance ends in accordance with any written agreement be�ween B�rrower and Lender pro�iding for such <br /> termina�ion or until termina��on�s required�y Appli�able La�r. Noth�ng �n this Section 1� affec�s <br /> Borrower's ab��gation�o pay interes�at the rate provided �n�he Na�e. <br /> Mar�gage Insurance reimburses Lender�or any ent�t�r that purchas�s�he Note� for certa�n losses i�may incur <br /> if B�rrower does no�r�pay�he Loan as a�reed. Borrawer is na�a party to�he M�r�gage Insurance. <br /> Mor�gage insurers��a�uate the�r�atal r�sk an aI� such �nsuranc�in farce from�ime ta t�n�e, and may en�er <br /> �nto agreements v�ri�h other pa�ties tha�share or xnodify�hezr rxsk, or reduc�lnsses. These agreements are on <br /> terms and cand�t�ons that are sat�sfac�or�to�h�mor�gage�nsurer and th�fl�her par�y �or pa�ies} to th�se <br /> agreements. These agreem.ents�nay requ�re�he mar��age insur�r to make payments using any s�urce�f funds <br /> that�he m�r�gage insurer ma�ha�re a�aila�le�whi�h m.ay �nc�ude fund�obtained from�Mor�gage Insuran�e <br /> premiums}. <br /> As a resu�t of these agreemen�s, Lender, an�pur�haser nf the Note, ano�her insurer, any r��nsur�r, any o�her <br /> en�it�, �r any affilia�e af an�of�he for�going, ma� receive tdirectly flr indirec�ly� amaunts tha�deriv�from <br /> �or might be charac�erized as} a p�rt�on of Borrower's pa�ments for Mar�gage Insurance, in exchang�for <br /> sharing or modifying�he m�r�gage�nsurer's ris�, or r��ucing loss�s. �f such agreem�nt pr��ides tha�an <br /> af��ia�e af Lender�akes a shar�of th� xnsurer's risk in exchange for a share af�he pr�miums pa�d tfl the <br /> insurer, �he arrangement is oft�n termed "capt��e reznsurance." Fur�her; <br /> �a� Any such agreemen�s will nat aff�ct the amounts tha�Borravver has agreed ta pay for Mortgage <br /> Insurance, nr any other terms of�he Loan. Such agreement5 wi�l no�increa�e�he amvunt <br /> Borra��er►uvill owe for Ma�-tgage Insurance, and�hey will no�en�i��e Borrower to any refund. <br /> �b� Any such agreements wi�I not affec�the righ�s Borrower has-�f any -�v�th respect to�he <br /> �Viortgage Insurance under�he I3omeowners Pratec�ion Ac�af 19�5 or any o�her law. These r�gh�s <br /> may inc�ude the r�ght to receive cer�a�n d�s��asures, to reques�and o��ain cancel�a�ion�f the <br /> �Vlortgage Insuran�e, to ha�ve the M�r�gage Insurance ternr��na�ed automaticaliy, andlor to recei�e <br /> a refund of any Nlortgag�Insurance premium�that were un�arned at�he tim�af such <br /> cance�la�ian or�ermina�ion. <br /> �1. Ass�gnment of IV�isce�[anevus Proceeds: Forfeiture. All Misce�ianeous Proceeds are h�re�y assigned to <br /> and shall be paid�o Lender. <br /> If�he Pr�per�y �s damage�i, �u�h Mis�ellane�us Pra�eeds shall �e app�ied to res�oratian or repair of�h� <br /> Prapert�, if�he restora��on or repa�r�s economically feasible and I.ender's secur��� �s no�lessened. Dur�ng <br /> su�h repair and r�s�ora�ion period, L.end�r sha�I ha�e the r�gh�tfl ho�d such Misce�lane�us Proceeds un�zl <br /> Lender has had an nppor�un����o inspec�such Proper��to ensure the work has been comple�ed�� Lender's <br /> _, . <br /> N�BRASKA-5ingle Family-�ar�nie MaelFreddi�Mac UNIF4RM INSTRUMENT Form 302$1101 <br /> VMP� VMP��NE�[�3Q2y <br /> Walters Kluwer F�nancial Services Page 9 vf 17 <br />