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2� 1 �� 1945 <br /> �nsurance previausly�n effect, at a cost substantia�ly equ��a�ent ta the cost ta Borrower of the N�or�gage�nsurance <br /> pre��ous�y in effec�, from an a�ternate m�r�gag�insurer selected by Lender. �f substantia��y equivalent �Z�r�gage <br /> insurance eoverage�s not avai�ahle,B�rrower shal�continue to pay to L�nder the amoun�of the separately desi�nated <br /> paymen�s that were d�ue�rhen#he insurance coverage ceased to be in effec�. Lender w��� accept, use and reta�:�these <br /> payments as a non-refundable�oss reserve�n Iieu af Mortgage�nsuran�e. Such�oss reser�e sha.�.�be non-refundab�e, <br /> na�iths�and�ng the fact tha�the Loan zs ultimately pa�d in fu��, and Lender shal�not be required to pay Borrawer any <br /> �nteres�or earn�ngs on such�vss r�serve. Lender can no 7anger require�oss reserve payments�f M�r�gage�nsurance <br /> coverage �in the am�un�and for�he periad tha� Lender requrres} pro��ded by an insurer selected by Lender agai� <br /> becomes availab��, �s vbtained, and Lender requires separately designated payxnents t�ward the premiums far <br /> Mart�age�nsurance. �f Lender require�.Mar�gag��nsurance as a condi�ion�f mak�ng the LQan and Borrovver was <br /> requ�red to make separately des�gna�ed payrnen��taward the premiums for Martgage Insuranc�, Borrower shall pay <br /> the premiums require�to mainta�n Mortgage Insurance in effect, flr to provide a non--refundab�e�oss r�serve, un��� <br /> Lender's requirement for Mor�gage Insurance ends in accardance wxth any written agre�men�be�ween Borro�ver and <br /> Lender pro�iding for such t�rminat�on❑r unti�terminat��n is requ�red by A.pplica��e Law. Noth�ng in thxs Section <br /> �D affects Barrower's ab��gat�Qn�a pay interest at the ra�e pr��ided in the Nofe. <br /> N�ortgage �nsurance reimburses Lender �or any en��ty�hat purchase�t�e Note} for c�rtain losses ��may incur <br /> xf Borrower does not r�pay the Loan as agreed, Borrqwer is not a party to�he M�rtgage�nsuranc�. <br /> Mor�gage�nsurer�evaluate the�r t�ta.�r�sk on aI�su�h insurance in force frvm time�v t�me, an�.may enter into <br /> agreements wxfh.other part�es that share or modify their r�sk, or redu�e�osses. These agreements are an terms and <br /> �onditions�ha�are sat�sfac�ory �o the mortgage insurer and�he other par�y �or par��es} �a�hese a�reements. These <br /> agreemen�s may requ�re the mortgage�nsurer to make pa�rments us�ng any source of funds that the mortgage insurer <br /> may have a�a�lable �which may��nc�ude funds obtained frorn Mortgage Insu�rance premiums}. <br /> As a resu�t of these agreements, Lender> any purchaser�f�he N�te, another�nsurer, any reinsurer, any other <br />. entity, or any affilia�e af any of the foregozng, may receive�directly or�ndirectly} amounts that der��e fram�or migh� <br /> be charac�erized as}a partion of Borrower's payment�far Mor�gage Insuran�e,in exchange for sharing or madifying <br /> �he martgage insurer's risk, ar redue�ng l�sses. �f such agreement pro��des that an af��iate❑f Lender�akes a share <br /> of�he xnsurer's r�sk�n exchange for a share of the premiums pa�d to the insurer, the arrangexn�nt is of�en termed <br /> "capti�e reinsurance." Fur�her: � <br /> �a} Any su�h agre�m ents wili n�t affect th� amounts �hat Borrower has agreed �o pay fnr M�rtgage <br /> Insurariee, ar any other terrns of the Laan. Such agree�rnenfs w�i�l no��ncrease the amoun�Barrower�sr�ll ov�e <br /> for Mortgage Insurance, anr��hey w�ll riot entitle Borrovver to any refund. <br /> �b} Any such agreemen�s w�ll not affect�he r�gh�s Bvrrvwer has -� xf any-wi�h respec�ta the Mar�gage <br /> Instx�ance under the Hameovvn�rs Protectian Act of 1998 0�any other�aw. Th�s�r�ghts may�nc�u�de#he right <br /> t� recei�e certain dxsc�osures, �o �equest an� obtain cancella�ion �f the N�or�gage Insurance, �o ha�re th� <br /> Mn�rtgag�Insurance terrninated aufoma��ca��y, anc�.l�r#o receive a refund of any Mortgage Insurance prem�urns <br /> that wer�unearned a��he��me�f such cance��a#ian or terminativn. <br /> 11. Assignmen�of Miscellaneous Pra�ee�s;FQ�feiture. Al� MiscelXaneous Fr��eeds are hereb�assigned to <br /> and sha��be pard to Lender. <br /> �f t�ae Praperty is damag�d,such M�s�e��aneous Proce�ds sha��be applied to r�s�orat�an or repair�f the Prop�rty, <br /> if�he restoratzon or repa�r is economi�al�y feasible and Lender's secur��y is not lessened. During such repair and <br /> restorat�an period, Lender sha11 ha�e the righ� to ho�d such Miscellaneaus Proce�ds until Lend�r has had an <br /> oppartunity to inspect such Property to ensure the work has b�en c�mpleted to Lender's sa�isfact�an, pro��d�d �ha� <br /> such inspec�ion shall be undertaken promptly. Lender may pa�for the reparrs and restora�ion in a single disbursem�nt <br /> or in a series of progress payments as�he vvork is compXeted. Un�ess an agreement is mad�zn writ�ng or App�ica��e <br /> Law requires in�eres�to be paid❑n such M��cerlaneous Pro�eeds, Lender sha.�I not he requxred to pay B�rrawer any <br /> in�erest or earnings vn such Miscellaneous Proceeds. �f the restoration or repair �s not econamical�y feasib�e or <br /> Lender's security�rauld be Iessened,�he M�scellaneo�us Proceeds shal�be app�xed to the sums secured by th�s Security <br /> �ns�rument, whe�her or not then due, with the excess,if an�, paid to Borrav�rer. Such Misce�Ianeous Pr�ceeds sha�1 <br /> b�app��ed in�he order pro�ided for�n Section�. <br /> NEBRASKA--S�n�le Fam�iy--Fanni� MaelFr�ddie Mac UNIFQRM �NSTRUNiENT - MERS ������ <br /> Form 34�8 �1�� Page 8 af �5 www.doerrragic.�om <br />