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��1 5���8� <br /> c�ntinue ta pay to Lender the arnount flf�he separa�ely des�gnated payments tha�were due vvhen the <br /> insurance�a�erag���ased to be�n�ffect. Lender wil� accept, us�and r�tain these paymen�s as a <br /> nan-r�fundab�e loss reserve in Iieu of Mo�tgage Znsurance, Su�h loss reserve shall be nan-r�fundable, <br /> notw�thstandxng�he fa�t that�he Laan is ult�rnate�y paid in fu�I, and Lender shall not be r�qu�red to pay <br /> Borrowe�r any in�erest or earnings on su�h loss reserv�. L.�nd�r can na�onger require l�ss reserve payrnents <br /> �f Mar�gage�nsuranc�c�ve�age (in�he arn�unt and fnr t�e peri�d that I,ender requires}pro��ded by an <br /> in�urer se��c�e�i by Lc��d�r again become�a�ai�able, is ob�ained, and Lender requires separate�y designa��� <br /> pa�ments taward the premiums for Mor�gage�nsurance. If Lender r�quired Mor�gage�nsurance a�a <br /> cflndition of�naking the Loan and Borrower was re�u�red to make separatel�desi�nated payments t�ward th� <br /> pr�muiums far Mor�gage�nsurance, Borro�ver shall pa�the premiums requ�red to maintain Mar�gag� <br /> Insurance�n effeG�, or to pr���de a nan-refundable lass reserve, until Lender's requirement f�r Mortgage <br /> �nsurance ends�n accordance v�i�h an��vritten agreement b��ween Borrovver and Lend�r pr���ding f�r such <br /> �ez�m�nation or un�i��erm.�nat�an is required by Appl�cable Law, No�hing �n th�s Section 1�affec�s <br /> Borrower's obl�gati�n t❑pay interes�a�the rate provided in�he No�e. <br /> Mor�gag��n�uranc�re�rnburses Lender�r�r any en���y that pur�;ha�es the Note) for certain�oss�s it ma� in�ur <br /> if Borrower does no�repay the Loan as agre�d. Barrower is not a party to�he Mor�ga�e Insurance. <br /> Martgage insurers evalua�e their�o�al r�sk an a�� such insurance�n farce frorn time to�ime, and may en�er <br /> in�o agreements wi�h other par��es that share or rnodif�r th��r r�sk, or reduce�ass��. These a�reernents are on <br /> �erms and canditions�ha�are satisfactory�o the mor�gage insurer and the o�her par�y�or part�es��a these <br /> agreem�n�s, These agreements may require the mar�gage insurer��rna�e paym�nts using any source of funds <br /> �hat the mortgage�n�urer may ha�e ava��ab�e�which may inc�ude fixnds ob�ained from Mortgage Insurance <br /> prenaiums}. <br /> As a resuit af�hese agre�rnents, Lcnder, any purchas�r of the Note, anoth�r insurer, any reinsurer, any other <br /> entity, or any aff���ate of any of the faregoing, may recei�e�d�rect��r or indir�c�ly�amoun�s tha�d�ri��from <br /> �or m.��h�b�character�zed as}a port��n of Barrower's payments for Mortgage�nsurance, in e�change for <br /> sharing or madify�ng�he martgage�nsur�r's risl�, or r�ducing lasses. If such agreement proW�des tha�an <br /> affiiiate af Lender takes a share af the�nsurer's r�sk�n exchange for a share of the premiurns pa�d to�h� <br /> �nsurer, the arrangernent�s �ften termed "cap�i�e re�nsurance." Fur�h�r: <br /> �a� Any�uch agreemen�s wil�not aEf�c��he amounts tha�Borrower has agreed�o pay for 1Vlartgage <br /> Insurance, or any other fierm�of the Loan. Such agreemen�s will not increase the amount <br /> Borrower will owe for Mortgage Insurance, and they will no�en�i�le Barrower ta any refund. <br /> t b� Any such agreemen#.s��v�ll n�t aEfec�#he righ�s B�rrower has�if any �w�th respe��ta the <br /> 1Vlortgage Lnsurance under the�3ameownQrs Pro�ec�.ian A�t af 1998 ar any ather law. These righ�s <br /> n�ay include the right�o re�eive cer#ain disc�osures, to request and ob#ain cancel�atian of the <br /> �Vlortgage Insurance, to have�he Mor�gage Insurarice termina�ed autarnatically, andlor to re�e��e <br /> a refund vf any Martgage Insurance pren�.�ums�hat wvere unearned at the��rn�e af such <br /> can�e��a��on or termina��on. <br /> 'I�. Assignmen� af Nliscel�anevus Proceeds; Forfeiture. AI� Mis�ella.�eous Fra��eds ar�here��ass�gned Yn <br /> and �ha�1 be pazd to Lender. <br /> If the Proper�y�s damaged, such Misc���aneous Pr��eeds shaii be app�ied�a res�Qra�ion or repair of the <br /> Prop�r��, if the res�oration or repa�r�s eGanomuca��y fea�ible and Lender's security �s not�essen�d. Dur�ng <br /> such repair and restoration period, Lender shal�have the right t�ha�d su�h Miscellaneous Proceeds until <br /> Lender has had an oppor�uni�y�o�nspe�� such Praper�y�o ensure lhe v�ark has been cample�ed to Lend�r's <br /> N�BRASKA-Single�amiIy-Fannie MaelFreddie Maa L1NIF�RM INSTRUMENT �arm 3028 1101 <br /> VMP� VMP6tNEy{1302f <br /> Wfllters Kluwer�inanciai 5er�i�es Page 9 of i 7 <br />