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��15�4511 c�ntinue to pay ta Lender the amount of�h�separatei�desi�na�ed pa�ments�hat were du�when the in�urance�overag�ceased to b��n�ffect. L�nder wi��acc�p�, use and retain�hese paymen�s as a non-r�fundab�e�oss reserve in l�eu of Mortga�e Insurance. Su�h loss reserve shall he non-refundab��, no�w��hstanding�h�fact that the I.�oan is ultimate�y pa�d in full, and Lender shali na�be required�o pay F3or�-a�rer an�r in��rest o�earn�ngs�n such loss�reser�e. Lender�an n�l�nger require lo5s reserve payments if Nior�gage�nsurance caverage�in�he amount and for the period tha�L,ender requires}pra�ided by an insurer selected��Lender aga�n becom��a�a�lable, is obta�n�d, and Lender�requ�re�s�parate�y de�igna�ed payments toward the premiums for Mor�gag�Insurance. �f Lender requ�red Mortgage�nsurance as a candition of making th�I.aan and Borr�v�er was requir�d��make separatel�des�gna��d payments toward the premiu�ns for M�r�gage�nsuranc�, Borro�ver sha�l pay the prem�ums required to main�ain Martgage Insuran�e in effe��, ��r to prv�ride a non-r�fundab��oss res�r�e, un�i� Lsender's requirement for Mortgage Insuran�e ends zn ac�ordance with an�written agreern�n�be�ween B�rrower and Lender providing for such �ernunatian or unti��rminatian is required by App�icable Law. Na�hing �n�his Se�tion �n affects Borrower'�obl�gation��pa��nteres�at��e rate pra�v�ded in the Nnte. Mar�gage Insurance�eirn�urses Lender�ar any entity tha�purchases the No�� far cer�ain losses it may incur if Borro�rer daes not repay the L�a��as agre�d. Borrov�rer is no�a party to �he Mor�gage�n�u�rance. Mor�gage insurers evalua�e their to�al risk an a�l such �nsurance in force frorn time to t�rne, and may enter in�o agreernents with other parties tha�share ar mod�fy�heir r�sk, ar reduce lasse�. Thes�agreemen�s are on terzns and cond�t�ons that are satisfactory �a the mortgage insurer and�he o�her par�y(or part�es�t�these agreemen�s. The�e ag�eements ma}�require the mor�gage insur�r�o rnake paymen�s using any source af fu�ds that the mor�gage�nsurer may h��e a�ai�abte�whi�h may inc�ude funds ob�a�ned from Mortgage Insurance prerniums}. As a resul�of the�e agreement�, Lend�r, any pur�ha�er of the Nn�e, an��her�nsurer, an�rein5urer, an�o�h�r ent�ty, or any affiliate of any of the forego�ng, may rece�ve�d�rect��or in�irect�y}amounts�hat deri�e frorn �or m�ght be charact�r�zed as}a pnr�ion af B�rrow�r's pa�ments fo�Mor�ga�e�nsuran�e, �n exchange far sharing�r modifying the rnor�gage insurer's r�sk, or reduc�ng losses. �f such agreemen�provides t�at ari aff��iat�Qf Lend�r�akes a share of the insurer's risk in e�change for a share of the pr�rn�uxns pa�d�a t�e �nsurer, �he arrangernen�is often term�d "cap�ive reinsurance." Further: �a� Any such agreements wil�nat affect�he arn�unts that Barrower b.a�agreed�o pay far Mar�gage Insurance, �r any v�her terms of�he Lvan, Such agreemen�5 wiil not�ncrea5e the amoun� �3arrower wi�l owe for Mart�age Insurance, and�hey�vili not entit�e Borrawer to any refund. �b3 Any su�h agreements will nat affec��he rights Barrower ha5��f any�w��h respect tn the Mvr�gage Insurance under the I3omeowners Pro�e��on Ac�of 1995�r any o�her�aw. The�e righ�s may�nc�ude the r�gh��a recex�e e�rtain�ise�osure�, to request and obtain can�eliatian of�he Mortgage Insuran�e, tn have the Mortgage Insuran�e terminated au�orna�ica�ly, andlor�o recei�ve a refund of any�Vlor�gage Insuran�e premium��hat were unearned a��he time of such can�e��a��an or terxn�nation. 7'I. Assignment of Mis�e��anevus Prace�ds; Farfe�tur�. Al�Il��sc�l�aneous Proceeds are hereby ass�gned�o and sha�X be paid to Lender. �f�he Property is damaged, such M�scel�aneous Praceeds shall b�applied�a restoration ar repair af the Prapert�, if the r�stara�i�n or repair�s�conamicaliy feas�ble and Lender's security is not lessened. During such repair and res��ratian p�riod, Lender shall have�he right t�ho�d such M�scel�aneous Proceeds un�i� Len�er has had an opportun�ty to�nspect such Praper��to en�ure the wark has be�n comp�e�ed�o Lender's N�BRASKA-Singie�amiiy-Fannie Ma�l�{eddie Mac UNIFORM[hlSTRUMENT �vrr-n 3Q�8�IQ'i VMP� VMPS(N�)[13�2) WoEters I{iuwer Finar�cial Ser�ices Par�e 9 0#7 7