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��15�57� 5 can��nue ta pa�to Lender the amoun�of the�eparately designa�ed paymen�s�hat v�r�re due when the insuranc�cn�erage�eased t�be�n effect. Lend�r wi1�aecept, use and re�ain these payments as a non-refundable loss reser�e in Xieu af Mortgage�nsurance. Such�oss reserv�shall b�n�n-r�fundabl�, notwith��anding the�ac� �hat the Loan��ul�ima�ely paid in ful�, and Lender shal�n�t be requ�red�a pay B�rrower an�in�erest or earn�ngs on such Ioss r�serve. Lender can no�onge�r require Iass r�serve paym�nts �f Mortgage�nsurance coverage�in the amount and far the period tha�Lender r�quires}provid�d b�an insurer selec�ed by Lender again becorne� avaiiabl�, is obtained, and Lender requ�re� separat�l�designa�ed payments�oward�he prem�ums for N�or�gage�nsurance. If Lender requ�r�d IVlortgage�nsuran�e as a condition of making the L.oan and Borr�wer was required ta rna��separatel�T designated payments toward the prem�ums for Mortgage Insurance, Borrovs�er shali pay�he premiums required to main�ain Mor�gage �nsurance in effec�, or ta p�ro��de a non--refundabie l�ss reser�e, unti� Lender's requ�rement for Mortgage Insurance ends in accardance with an�wr�tten agreement between Borra�ver and L.ender provid�n�for such termina��on or untii ternunation�s required by Applicab��Law. N�th�ng in th��Se�tion l� affects Borrower's ob�igatia��t�pa��nterest at the ra�e pr�vided in th�No�e. Mor��age Insuranc�re�mburses Lender�ar ar��entit��hat purchases the Na�e}for cer�ain lasses it may incur if Borrovver does not repay the Loan as agreed. BnrraWer�s nat a par�y��t�e Mortgage Insurance. M�rtgage insurers evaluate the�r�ota� risk nn a��such insurance in farce from t�me to tin�e, and rnay enter in�o agxeemen�s with o�her par�ies�hat share or m�d�fy the�r risk, or reduce�a�ses. Thes�agre�menfs are an �erms and cond��ns that are sa�isfac��ry to�he mortgage insurer and the o�her par��r par�ies}�o�hese agreements. The�e agreem�nts may require the mortgage insua�er to make payrnents using any source of funds �hat the rnortgage insurer may ha�e avai�a6le�which rnay include funds obtained from Martgage insurance premiun�s}. As a resul�of fhese agreements, I.�nder, any purchaser of the Note, another insurer, an�r�insurer, an�r other entity, nr any affiliate of any of the farego�ng, ma�receive�dir��t�y or indirec�ly}am�unts�hat deri�e fr�m {or m.i�ht be�haracteriz�d as� a p�r�ion of Borrower's paymen�s for Mortgage Insurance, in exchange for sharing ar rn�.od�fy�ng the martgage in�urer's risk, or reduc�ng�o�s�s. �f su�h agreement pravides tha�an af��liate of Lender takes a�hare of the�n�urer's �isk�n exchange far a share af the premiums paid to�he insurer, the arrangement is often�erxned "�apt��re��surance." Fur�her: {a} An��uch agreements will nat affec��hc amounts tha�Borrower has agreed to pay for Mar�gage In�urance, or any a�her t�rms af the Lvan. Such agr��ments wil�nat in�rease the amoun� Borrower will owe for Mor�gage Insurance, and�hcy wi��no�en#itle Barrower�o any refund. �b 3 Any such agreements�i�l not affec�the rights B orrawer has��f any-wi�h respect ta the �Viartgage Insurance under the�Iomeawners Pro�e�t��n Ac�of 199�or any a�her Ia�v. These r�gh�� may include the right ta rece��ve cer�a�n d�sc��sures, ta requ��t and ob�ain cance�ia��on of the IVlort�age Insuran�e, to havc the 1Vlortgage Insuran�e�erminated au�omatica�Iy, andlar�o receive a refund of any Mor�gage Insurance premiums that��vere unearn�d at the t�me of such cancella�ion or termina�ion. '��. Assignment ❑f Mi��elranevus R�a�eeds; Forfe��ure. A11 Miscellaneaus Proceed�ar�hereby assigned to and shall be paid to Lender, �f the Prop�rty is damaged, �uch M�sceilaneous Pro�eeds�hail be app�ied�o res�ara�ion or repair�f�he Pr�per��, �f the restora�ion or repair is econarnical�y feasi�Ie and L�nder's security is nat l�ssened. Durin� such r�pair and resto�at�an p�riad, I,�nder�hall ha�e�he right t�hold su�h Miscel�aneflus Proceeds un��l Lender has had an app�rtunity t� insp�c�such Proper�y to ensure the wor�has be�n camp�e�ed to Lender's N�BRASKA-5ingfe Famify-Fannie MaelFreddie Mac UNIF�RM INSTRUM�NT �arm 3028 11Di VMP� VMR6tN�l f��2� WoEters Kluwer�inancisi Ser�ices Page 9 of'�7