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��15�4995 <br /> continu��o pay to Lender the a�m�unt af�he separa�e�y designated paymen�s that v�er�due v�hen the <br /> insurance ca�erag�ceased to be in�ffe�t. Len�er wi��a�cept, u�e and re�ain�hese pa�ments as a <br /> non-refundabl��oss r�ser�e in l�eu of Mortgage Insurance. Such loss reser�� sha��be nan-refi�nda���, <br /> notwithstand�ng�he fa���ha��he L.�ar�is ultima�ely pa�d in full, and Lender shall na�be required to pay <br /> B�rrower any in��rest�r earnings on such loss reserve. Lender can no�ong�r require loss reser�e pa�rrnent� <br /> �f Mor�gage�nsurance c�Werage�in the amoun�.and f�r�he period that Lender requ�r�s}pro�ided b� an <br /> �nsurer selected hy Lender aga�n�ecomes a�ailal�I�, is obta�ned, and Lender requ�res separa�ely des�gna�ed <br /> payments toward the Premiums fnr Mortgage �nsuranCe. �f Lender required Mor�gage�nsurance as a <br /> �ond���on of making fhe Loan and Barrower was requir�d�o mal�e�epara�e�� deszgna�ed payrnents�oward th� <br /> pr�miums f�r Mor�gag��n�uran�e, Borrov�er sha��pay the pr�rniums r��u�red�a ma�n�a�n Mar�gage <br /> �nsurance in effec�, or ta prov�de a n�n--refundab�e lass reserve, unti�Lender's requirement for Mor�gage <br /> �nsurance ends�n accordanc�with an� writ�en agree�nent be�ween B�rrower and Lender pravid�ng for such <br /> �erminat�on ar until terminatian is required�y Appl�cable Law. Na�h�n�in�h�s Sect�on �.�aff�c�s <br /> Barrower's obligat�an�o pa��n�eres�at�he rate provided in�he Note. � <br /> Mortgage Insurance reimburse� L�nder�or an�en�i��tha�purchases the No�e} for certa�n��sses it may incur <br /> �f Borrav�rer daes nof repay�he Loan a�agr�ed. Borrov��r�s not a par��to�he Mortgage�nsuranc�. <br /> Mar�gage insurers e�va�uat�th�ir�o�al r�sk�n a�l such insurance in f�rce fr�rn time to�ime} and may en�.er <br /> in�o agreemen�s w�th�ther parties that share flr mod�f�r th�ir risk, or reduce losses. 'I�hese agreements are on <br /> t�rms and c�nd�tion.s tha�ar�satisfactary t�the martgage�nsurer and the other pa�rty�or parties�to these <br /> ag�eemen�s. These agre�men�s ma�re�uir�the mor�gage insurer�Q make payments using any sourc�af funds <br /> that�he mor�gage insurer may have a�vailabi��which may in��ude funds obta�ned frarn M�rtgage�nsura��ce <br /> prerniums}. <br /> As a resu�t nf�h�se agreements, Lender, an�purchaser of�he N�te, another insur�r, an�reinsur�r, an�other <br /> en�ity, or any aff���ate of any of the foregoing, may rece�ve(d�rectly ar indire�tl�} amaunts�hat deri�e frorn <br /> �or migh�be characterized as}a portian of Borr�wer's paymen�s for Mor��ag�Insurance, in�xchange for <br /> shar�ng�r modifying�he martgage insurer's risk, ar re�uc�ng Iosses. If such agreement pra��des that an <br /> af�l�ate nf L.ender tak�s a share af�he insurer's r�sk�n e�chan�e far a�har�of the prem�.ums pa�d to�he <br /> �nsurer, the arrangement is often termed "�apt�ve reinsura��ce." Fur�her: <br /> 4a 3 Any such agreements w���no�affect�he am�unts�hat Sorrower has agreed�o pay f�r Martgage <br /> Insuranc�, ar any other term.s of the LQan. Such agreements wil�nat�ncrease�he amaunt <br /> Barrower w���owe for Mar�gage In.surance, and they wi�i nvt entit�e Barrowcr�o any refund, <br /> �h� Any such agreemen�s wxl�nflt affect�h�righ�s Borrower has-�f any-wi�h respect to the <br /> Mor�gag�Insurance under�he Hornevwners Pro�ec�ion Ac�.of 1998 or any other law. Th�ese rights <br /> m�.�������it���hc�righ��c���c���e c��r�ain��s��c�5ur�, �.0 rec�u�5�.a���uu�.�i����i������l:�.t��i+�f tl�� <br /> Mor�gage Insurance, �o ha�e the Mortgage In�urance term�nated autama�ically, and�vr ta recexve <br /> a refund of any Mor�gage Insurance premiu�ns t�at were unearned at th�time af such <br /> �an��l�atinn or�erm�nation. <br /> 1�. Assignment af Miscellanevus Proceeds: Fnrfeiture. AI� Miscellaneaus Proceeds are hereh�assigned ta <br /> and shal�b�pa�d to Lender. <br /> If the Property��damag�d, such M�sc���an�ous Pr�ce�ds sha�1 he app�ied�o res�:ara�:ion ar repair of th� <br /> Prap�r��, if�hc restoratiaz�or repair is economical�y feas�b�e ant� Lender's security�s nat l�ssened. Dur�ng <br /> such repair and restora��an pe�riad, Lender sha��ha�e the ri�ht�a hoid such Misc�llaneous Proceeds unt�� <br /> Lender has had an oppartuni���o insp�c�su�h Property�o ensure�he w�rk has been compieted�o Lender's <br /> NEBRAS�CA-Single Family-Fannie Mael�reddie Mac UN[�ORM INSTRUMENT Farm 3�28�1D1 <br /> VMP QQ VMPfifN�}t�3��1 <br /> Woiters Kluv►►er�inancial Servic�s P�9�g�f�� <br />