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��1 5�7��� <br /> cantinue ta pay��Lender ihe am�unt of�he separa�ely designa�ed pa�rments that were due when the <br /> insurance coverage ceased�o be in effect. Lender will accept, use and re�ain�h�se pa�ments as a <br /> non-refundable�os� reserve�n l�eu of Morigage�nsurance. Su�l��ass reserve shal�b�non-refundab�e, <br /> notv�iths�and�ng the fac��ha�the I,�an is ult�ma�ely paid in fu11, and Lender shall no�b�required to pay <br /> Borr�wer any inter�st or earnings on such lo�s reser�ve. Lender can na longer requ�re l�ss reserve payments <br /> if Mortgage�nsurance co�erage�in the amount and for the period that Lender requir�s}pro�ided b�an <br /> insurer sele��ed hy I.�nder again become5 ava�labie, �s�btained, and L���der reyuires separateiy designa�ed <br /> payments�oward the premium� for Mortgage�nsurance. If L,ender required Mortgage�nsurance as a <br /> condition of mak�ng th�L.oan and Borrovver was required fo make separate�y designated payments�oward�he <br /> premium�for Mortgage Insurance, Borrower shail pay the pr�miums required to main�ain Mortgage <br /> Insurance in�ff�ct, ❑r�o pro�id�a n�n-refunda�le lo�s reser�r�, untii Lender's r�quirement for Mflrtgage <br /> �nsuran��ends in a�cordance vvith any�irri��en a�reement between Borrawer and Lender prov�ding far such <br /> termina�ion�r unt�l te�nati�n is r�qu�red b� Appl�ca�1�Lavv. N��hing in this Sec�ion 1 D affects <br /> Bnrrower's o�ligatian�o pay interest at the rat�pro�vided in the Note. <br /> Mortgage�nsurance reimbur�es Lender�or an�enti��r that purchases�he�ote} for��r�ain Iosses it may incur <br /> if Borrower d�es not repay the Loan as agreed. Borrower is not a par�y to the Mortgage Insurance. <br /> Mor�gage insurers evaivate their total risk on aIl such �nsurance�n f�rce from tin�.e to t�me, and may�nter <br /> �n�o agreernents�vith other parties tha�share or madify their r�sk, or r�duce�osses. Thes�agree�rnen�s are on <br /> terms and canditi�ns that are satisfac�ory ta the mar�gage insurer and th�other par�y�ar parties}�fl th�se <br /> agreements. These agreements ma�requ�re the mor�gage in�urer to make paymen�s using any saur�e af funds <br /> that�he mortgage insurer may ha�e a�rai�able�vahich n�ay�nclude funds abta�ned frflm N�ortgage�nsurance <br /> premiums}. <br /> As a result of thes�agreements, Lender, any pur�haser of t���No��, ano�her insuxer, any reinsurer, any�ther <br /> en�i�y, ar any affilia�e of any of the foregoing, may r�Ce��e�dir�c��y or indirec�Iy}am�unts that deri�e from <br /> �or might�e chara��er�zed as�a p�rtian of B�rrnwer's pa�ments fflr Mortgag��nsuranGe, in exchange for <br /> sharing�r modifying th�mor�gag� �nsurer's ris�, or reducing Iosses. If such agre�ment pra�ides tha�an <br /> aff�Iia��of L�nd�r ta�es a�hare of�he�n�urer'S risk in ex�hange for a sha�re of the premiu�ns pa�d�a�he <br /> insurer, the arrangexnent is of�en�ermed "cap�ive reinsurance." Fur�her: <br /> �a� Any su�h agreemen�s wiil nvt affect the amounts that�orro►�ver has agreed to pay for Mor�gage <br /> Insurance, �r any other terms of the Loan. Such agreemen�s w�ll nat increase#he arnoun� <br /> Borra��ver�v��I a�c�ve for Mor�gage In�urance, and they wi�l not ent���e Borro�er to any refund. <br /> �b� Any su�h agreernen�s«�iti no�affect the righ�s Borrower has-if�ny-with respe�t to th� <br /> Nsartga�e Insurance under the Homeawners Protec�ion Ac�of 1998 or any u�her iaw.These r�gh�s <br /> may inc�ude the r�gh�to re��iv��ertain disc�o�ures, �n r�que.st and obta�n canc�l�at�on of the <br /> IVlvrtgage Insuranc�, to have�he Mor��a�;e Insurancc tcrmina�ed autam.at�ca��y, andl�r to receive <br /> a refund af any Mar#ga�e Insurance pr�miums�ha�were un�arned at the t��me oF such <br /> cancel�at�on flr�ermina�ian. <br /> �1. Assignment �f Misce��anevus P�oceeds; F�rfeiture. A��Miscellaneous Proceeds are hereb�assigned to <br /> and�hall be paid t� Lender. <br /> If t�e Propert� i�darnaged, su�h M�scellan�aUs Procecds shall be app�ied to restorat�on or repair af�he <br /> Praper�y, �f�he restorat�on or repair is economically feas�b�e and Lender's secur�ty�s not Iess�ned. During <br /> such repa�r and re�toration pe�i�d, Lender shaii have the right��ha��.such Miscellane�us Proc�eds unt�i <br /> Lender has had an opportunit���inspect such Proper�y ta ensure the work has beer�c�mpleted to L.ender's <br /> NEBFiASKA-5ingle Fami�y-Fannie Mael�reddie Mac UNI�QRM lN5TRLIMENT Form 3Q28 i10'I <br /> VMP[3 VMP6tNE3(�3�23 <br /> Wolters Ktuwer�inan�ial Ser�ices Page 9�f�7 <br />