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2� 1 �� 1 �74 <br /> cont�nue�o pa� �o Lender�he amount of th�separate�y designated pa�ments �ha�were due when�he <br /> insuranc�coWerage�eased to be�n effec�. Lender vvil� accept, use and retain these paymen�s as a <br /> non-r�fundabie�oss reserve�n�ieu af Mor�gag��nsuran��. Such Ioss res�r�re shall b�nan-refundable, <br /> n�twiths�anding�he fact tha�the L�an�s ultima�ely pa�d in full, and Lender shal�not be r�quired to pay <br /> Borrov�rer an}� in�eres�o�r earr�ings on such�oss reser�re. Lender can no longer requ�re loss reserve pa�ments <br /> if Mar�gage Insurance co�erage�in the a�r�.ount and for the period�hat Lender requires}pro��ded b� an <br /> insurer selected by L�nder a�a�n becomes ava�labie, is obtain�d, and Lender requires s�para�ely designa�e� <br /> payments�ovvard the prem�ums for Mor��age InsuranGe. If L.ender required Nlor�gage Insurance as a <br /> cond�t�on of making the Laan and Borrovver wa� required �o mak�separate�y designa�ed payments to�vard�he <br /> pr�m�ums for Mortgage In�urance, Barrower sha��pay�he premiums required�o�rna�n�ain Mor�gage <br /> �nsurance in effec�, or to pro�ide a non�refundable�oss reserve, until Lender's requirement for Mor�gage <br /> �nsurar�ce ends �n accordance w�th any written agreement be�w�en B�rrower and Lender pro�iding for such <br /> terminati�n or un�il termination is required by App�icab�e Law. Noth�ng in this S�ct�on �� affec�s <br /> Borrawer's ob�iga�ion to pay interest a��he rat�pro��ded in the Note. <br /> Mor�gage Insurance reim�urses Lender�ar any enti�y that purchase��he Note} for�ertain l�sses it may in�ur <br /> if Borrow�r does nat r�pay�he Loan as agreed. Borrov�er is nat a par���o the N�or�gage Insurance. <br /> Mortgage�nsurers�valuate�he�r to�a1 risk on al� such insurance in farce from time to�ime, and may en�er <br /> in�o agreements w�th other par��es�hat share�r modify their risk, or reduce Iosses. The��ag�e�men�s ar�on <br /> terms and�onditians that are sat�sfactor�to the mor�gag� insur�r and�he o�h�r par�y (or par�ies} ���hese <br /> agreements. These agreements ma� r�quire�he mor�gage insurer to make pa�ments usin� an� source of�unds <br /> �hat�he mor��age insurer may ha�e a�a�iable �v�hich may inc�ude funds ob�ained from Mor�gage�nsurance <br /> pr�mium�}. <br /> As a result of these agreements, Lender, an�purchaser of the Note, another insurer, an�r reinsurer, any o�her <br /> �ntity, or an}� af�il�a�e of any of the for�goin�, may receiwe�direc�ly or indirec��y} am�un�s�hat derive from <br /> �or m�gh�be characterized as} a portion of Borro�ver's payments for Mor�gage�nsurance, in exchan�e for <br /> sharing or mod�fy�ng the mortgage�nsurer's r�sk, o�-redu��ng��sses. �f such agreemen�prov�des tha�an <br /> af�iiiat�af I.ender takes a share of the�nsur�r's risk�n exchange for a share of the premiums paid�o�he <br /> �nsurer, th�arrangem�n�is oft�n termed "cap����re�nsurance," Further: <br /> �a} Any such agr�ments w�ll no�affect the ann�ounts�hat Bvrrower has agreed ta pay for N�or�gage <br /> Insurance, or any other�ernas flf�h�Loan. Such agreemen�s wil�na�increase�he amount <br /> Borrawer wil�ovve for Nior�gage Insuranee� and they wil�no�ent��ie Borrower�o any refund. <br /> �b� Any such agreemen�s will not affect�he r�gh�s Borrower has-if any-w�th r�spe���o th� <br /> N�artgage In�urance under�he�Iomeowners Pratect�on A�t�f 1998 or any other law. �''hes�r�ghts <br /> may inciude�he right to recei�e cer�ain d�sc��sures, to reques� and a�tain cance�lation of the <br /> Mortgage Insurance, to have�he IVlortgage Insurance term�nated automatically, a�dlor to receiv� <br /> a refund of an�Martgage Insurance prennium�s that were unearned at the t�me of su�h <br /> cancei�at�on or�erminat�on. <br /> �'1. Assignment nf Misce��ane�us Praceeds; Fvrfeiture. A�� Miscellaneous Proceeds are hereby assigned to <br /> and sha��be pa�d�n Lender. <br /> If the Proper�y �s dam.aged, such Misce�laneous Praceeds sha���e app�ied to restorat�on or repa�r of�he <br /> Praper��, if the r�s�oration ar r�pa�r is econom.�.ca��y feasible and Lend�r's security i�nat�essened. During <br /> such r�pa�r and r�stora��on period, L.end�r shail have the r�ght�o ho�d such M isceXlaneous Proceeds un�ii <br /> L,ender has had an oppor�un�t��o inspect su�h Proper��to en�ure the v�aflrk has been ctimpl�ted to Lender's <br /> NEBRASKA-Singte Family-�annie MaelFreddie Mac iJNIF�RM INSTRl3M�NT Form 3028 11�1 <br /> VMP Q VMPfi[NE3��3�27 <br /> Wolters Kluwer�inan�ial Ser�ices Page 9 of 17' <br />