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2� 15�81 �9 <br /> con�inue t�pay t� Lender the amount af�he separatel�r des�gnated paymen�s �hat were due when�he <br /> insuranc�c��erage ceased t�be in effect. Lender�riil accep�, use and re�a�n these payments as a <br /> nnn-refundabie Ioss res�r�e in lieu af Mor�gage�nsuranc�. Su�h Ioss reser�ve sha��be n�n-refundable, <br /> notwithstand�ng the fact�ha��he L.�an is u�t�ma�e�y pa�d in fu11, and Lender shaii not b�required to pa�r <br /> Borrower an� interes�or earn�ngs on such�oss reserve. Lender can no �onger require loss r�ser�e payments <br /> �f Martgage Insurance cti�erage��n�he amount and far the period�hat Lender requir�s}pro�ided by an <br /> insurer selected by Lend�r aga�n�ecom�s avai�ab��, is ob�ained, and Lender requ�res separately des�gnated <br /> paymen�s to�vard the premu.ums far M�rtgage�nsurance. �f L,�nder requ�r�d Mo�r��age Insurance as a <br /> condition of�naking�he L�a�a.and Borro��r was required to make separately designat�d paymen�s�oward�he <br /> prem�ums for Mor�gage�nsurance, Borrower shali pay the premiums required to 7ma�ntain Mor�gage <br /> Insurance in effecty or t�pra�ide a nan-refundabie Ioss res�rve, un�il Lender's requ�rement for Mor�gage <br /> �nsurance ends in ac�ordance wi�h any v�ritten agreement be�ween Borr�wer and Lender provid�ng for such <br /> ��r�mina�ion or un�i��ermina�io�is requ�red by Applicabie Law. Nothing �n this S�c��an �0 affects <br /> Borrawer's obl�gatian�o pay interes�a��he rate pravxded in the N�te. <br /> Mor�gage Insuran�e re�mburses Lender�ar an��n�i�y��.at pur�hases the No�e} for cer�a�n Iosses i�ma�r incur <br /> �f Borrn�ver daes no�repay the Loan as agreed. Borrow�r�s not a�ar���o t�ae Mortgage Insurance. <br /> M�r�gage insurers eWa�uate�heir t��a� risk�n a11 such�nsurance in force from t�me to��me, anc�ma�enter <br /> �n�o agre�ments with o�h�r parties�ha�share or mod�fy th�ir risk, ar reduce��sse�. These agreemen�s are on <br /> �erms and�onditions that are satisfactory to�he mor�gage�nsurer and the other par�y �or par��es} ta these <br /> agr��ments. These agreements may require the mor�gage�nsurer to make paymen�s using any sflurce�f funds <br /> �hat�he mortgage xnsurer may have avai�ab�e�wh�ch may�nciude funds�bta�ned fr�m Mor�gage�nsurance <br /> premiurn�.s}. <br /> As a result of these agreements, L�nder, any purchaser of the No�e, ano�her�nsur�r, any reinsurer, ar�y ather <br /> enti�y, or any affi�ia�e nf any af th�foregoing, may rece��e (directXy or�ndirect�y} amounts�hat derx�re from <br /> ��r m�ght b�charac�erized as} a por���n of Borrower's payments far N�ar�gage�nsuranc�, �n exchange for <br /> shar�ng�r ma�.ifying�he rn�r�gage insur�r's risk, or reducing�os��s. �f such agreemen�prnvides tha�an <br /> af�liate of I..�nder takes a shar�af�he i�.surer's rxsk�n exchan�e f�r a share of the premium�s pa�d to�he <br /> insur�r, the arrangeme��is aften termed "�ap�i��reinsurance." Fur�her: <br /> �a} Any such agreements w���not afFect the amaunt�that Borrawer has agreed to pay for Mortgage <br /> Insuran�e, or any nther terms of the Loan. �uch agreements wil�not in�r�ase the amvunt <br /> Borro�ver wil�awe far M�r�gage Insurance, and they will nat en�itl�Barrawer to any refund. <br /> 4 b} Any such agreemen�s w���no�affect the righ�s Barrower has -�f any �wxth respect ta the <br /> IVlortgage Insurance under the IIomeowners�'ro�ectian Act of�.995 or any other�aw. These r�ghts <br /> may �nclude the right�o rece��e cer�a�n d�sc�osures, to reques�and abtain�ance��atio�of the <br /> Mortgag�Insurance, to ha�e the Martgage Insurance terminated automatica��y, andlor tv r�cei�e <br /> a refund of any Niortgage Insurance premiums that were unearned at the time of such <br /> cance�lation or t�rm�na��on. <br /> 'I�. Assignm�nt vf IV�iscelianeous Praceeds; Forfeiture. A�I Mi�ce��ane�us Praceeds ar�hereby ass�gned�a <br /> and sha��b�pa�d to �nder. <br /> �f�he Proper�y �s damaged, sueh Miscellaneous Prac�eds sha�l be app��ed to restoration ar repair af the <br /> Proper�y, if the restoration or repair is�conomica��y feas�b��and L�nder's security is not iessen�d. Dur�ng <br /> �uch repair and res�oratian period, Lender shall hav� �he r�ght to hald such Miscelianeous Proce�ds un��l <br /> Lender has had an oppor�uni�y�a inspe�t such Property�o ensure the v�rork has been cample�ed�� Lender's <br /> N�BRASKA-Singl�Family-Fanni�MaelFr�ddi�Mac UNIF�RM(N5TRLIM�NT Forr�3�28 11�� <br /> VMP[� VMPStNEy�1302} <br /> Vllalters Ktuwer Financial 5er�ices P�g��at'�7 <br />