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��15�39�� <br /> c�n��nue to pay�o L�nder the amoun�of the separa�e��r des�gnated pa�men�s�hat v�ere due when�he <br /> xnsurance co�erage ceased�o b�in effect. Lender w�I� a�c�p�, use and retain�hese pa�ments as a <br /> n�n-refunda��e Iass reserve in lieu of M�r�gage�nsurance. Such loss r�ser�re sha11 be non-refundable, <br /> notw��hs�an.ding the fac�that the I.�an is ultimate�y pa�d�n fu�i, and Lender�ha11 no�be required��pay <br /> Borrovwer any �nterest or earnings an such loss reser�re. Lender can no�ong�r require loss res�rve payrnents <br /> �f M�r�ga�e�nsurance coverage�in�he amaunt and for�he per�od that Lender requires�prov�ded��r an <br /> insurer se�ected��I,�nder aga�n becames avai�ab�e, �s�b�ained, and Lender requires s�parate�y designa�ed <br /> payments�oward�he premiums for Mor�gage Insurance. �f Lender requir�d Mortgage Insurance as a <br /> �and�t�on of making the L.flan and Borr�wer was required�o make separa�ely deszgna�ed payments�oward�he <br /> prexn�ums far Mortgage�nsurance, �orrower shall pay�he prernuums r�qu�red�o main�a�n Mor�gage <br /> �nsurance in�ffect, or�o pro��de a non-refundable loss reserve, unt�� Lender's requ�rement for Mor�gage <br /> ��surance�nds in accordance w�th any writ�en agreemen�between Borr�w�r and Lender pro�iding for such <br /> termina�ion or un�x�termina���n�s required by Applicable Law. Nothing in�his S�ction ��affec�s <br /> B�rrower's obl�ga�inn to pay �n�er�s� a�the ra�e pro�rided �n�he Not�. <br /> Mnr�gage Insuranc�reirnburses Lender�or an�en���.�r�ha�pure�ases�he Note} f�r cer�ain losses ��.may �ncur <br /> if Borrower do�s nQt repa���e Loan as agreed. Borrow�r is not a par���a the Mor�gage�nsurance. <br /> Mor�gage�nsurers eva�ua�e�heir�o�al risk on a�� such�nsurance in force from��me ta time, and may en�er <br /> ��.��agreemen�s w�th o�h�r part�es that share or madify their r�sk, �r r�duc��asses. These agreem�en�s are on <br /> terms and condi�ians that are sat�sfa���ry�o the mor�gage�n�urer and the�ther par�y �ar part�es}�o�hes� <br /> agreements. These a�reements may r�qu�re�he mor�gage�nsurer to mak.e payments using an�source of funds <br /> that the mor�gage �nsurer�may have aWai�ab�e �v�h�ch ma�r �nclude funds ab�a�ned from Mor�ga�e�nsurance <br /> prem�ums}. <br /> As a resu��of�hese agreemen�s, Lender, any purchaser af�h�Note, anQ�her�nsurer, any re�nsurer, any other <br /> entzty, or any af��ia�e of any of�he foregoing, may rece��e�direc�Iy�r indirect�y}amoun�s tihat der�ve from <br /> �or might�e charact�rized as} a par�ion of Barra�rer's pa�rmen�s f�r Mor�gage�nsurance, in ex�hange for <br /> sharing ar m�dif��ng the m.or�gage�nsurer's risk, or reducing I�ss�s. �f such agreemen�pro�v�des�ha�an <br /> affiX�a�e of Lender takes a share of the insurer's risk�n exchange far a share of the premiums paxd�a the <br /> �nsurer, the arrangement is often termed "capt�v�reinsurance." Further: <br /> €a} Any such agreements w���not affec�the amaunts that Borrower has agreed�o pay for Mortgage <br /> Insurance, or any o�her terms of the Loan. Such agreem�nts wil�no��ncrease the amaun� <br /> Borrower will owe far Mor�gage Insurance, �►nd they w���not�ntit�e Borrawer to any refund. <br /> ��} Any such agreements�v���not affect the rights�orrower has-if a�y-�with respec�to the <br /> Mortgage In�urance under�he�3omeowners Protection Act of 1998 or any ather�aw. These rights <br /> �nay�nc�ude the right to receive cer�a�n d�sc�osures, to request an�obtain cancellat�on of the <br /> IVlortgage Insurance, to ha�e the Mor�gage Insurance term�na�ed automatical�y, andlor to rece�ve <br /> a refund a�any Mor�gage Insurance premiums that were unearned a�the time of such <br /> cancel�ation ar termina�xan. <br /> �'i. Ass�gnment of Nlis�ellan�vus Pro��eds; Fvrfe�ture. A1I Miscellaneous Proceed�are her��by assigned to <br /> and sha��be paid to Lend�r. <br /> �f the Proper�y �s damaged, such Mis�ellaneaus Proceeds shal�be applied ta restflrat��n or repair of�he <br /> Proper�y, if the res�orat�on or repa�r�s econ�micall� feas��le and Lender's securit� is no�lessened. During <br /> such repair and res�aration peri�d, Lender sha�l have the righ��o hald such Miscellaneous Proc�eds unt�l <br /> Len�er has had an oppor�uni�y to inspec�such Prflper�y�o ensure the vvork has been camp�e��d to I,ender's <br /> NEBRASKA-Sing1E�arrfi�y-�annie Mael�r�ddis Mac UNIF�RM INSTRUMENT Form 30�8 7 JQ� <br /> VMP[R] VMP6{NE)��302} <br /> Woltsrs Kluwer�inanciat 5er�ices Page 9 vf 17 <br />