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2� 1 ��254� continue�a pay�� Lender the am�un�of th�separately designa�ed pa�mer��s�ha�were d�e wh�n�h� insuranc�coverage ceased to be�n effect. Lender wi�� accep�, use and reta�n�hese pa�ments as a nan-refu�dab�e�oss reser�e in�ieu of N�ar�gage�nsurance. Such�oss reser�e sha11 be non-r�fundab�e, no�w�ths�anding�he fac��ha�the Laan is ult�ma�e�y paid in ful�, and Lender shal� not�e re�uired to pay Borrow�r any �nteres�or earnings on su�h�oss reserv�. Lender can no langer require loss res�rve paymen�s if Mortgage�nsurance co�erage�in�he amoun�and for�he per�od tha� Lender requires}prov�ded by an insurer selec;te�by L�nder again�ecomes ava��able, �s obtained, ar�d Lender requir�s separateiy designated payments tav�ard the prem.�ums for Mor�gag� �nsura�ce. �f L.,�nder requ�r�d Mor�gage�nsurance as a candit�on of making the Loan and Barrov�er was required to mak�separate�y d�signat�d paymen�s�award the premiums for N�or�gage�nsuran�e, Barr�wer shal�pay�he pr�miums required�o mainta�n Mor�gage �nsurance�n effect, or�o pro��de a non�refundable loss reserv�, unti� Lender's requirement for Mortgage �nsuran�e ends in accordance w��h any wri��en agr��ment betvveen Borrov�er and Lende�pravid�ng far such termination�r unti��ermi.na�ian�s requ�red by Appl�cable Law. N�th�ng �n th�s Sec�ian ��affects �orr�wer`s obl��ation ta pay in�eres�at the ra�e�ro�id�d in fihe N�t�. N��r�gage�nsurance reimburs�s Lender tor any en��y tha�purchases�he N��e} for cer�ain losses ��nzay xncur �f Borrovtrer daes not repay the Loan as agreed. B�rrower is no�a par��o�he M�r�gage Insurance. Mo�gage insurers eval.uate�he�r�o�a1 risk on alI such insuranc�in force from t�m�t�time, and ma�r en�er in�o agreemen�s v�ith other par�ies that share or rnodif��he�r r�sk, or reduce loss�s. These agreemen�s are an �erms and�ondit�ons that are sa�isfac��ry�o the r�r�ar�gage�nsurer and the other par�� (�r par��es} to these agr�ements. These agreemen�s may requ�r�the mor�gag�insurer ta make payments using any source af funds �ha�the m�r�gage insurer may have a�vai�able �which may inc�ude funds obtained frorn Mortga�e�nsuran�e premuums}. As a resu��of�hese agre�men�s, L�nder, any purchaser of�he No�e, ana�her insur�r, any reinsurer, an��her en��y, or ar��r aff��iate of any of the foregoing, may recei�e�d�rectly�r�nd�rect�� a�nounts tha�der�ve from ��r m.�gh�be characterzzed as} a por��on of B�rrower's�aymen�s for Mor�gag��nsurance, in exchange f�r shar�ng or modifying�he mar�gage insurer's risl�, or reduc�ng losses. �f such agreement pro�ides that an af�iia�e�f Lender�akes a share of�he insurer's risk �n exchange f�r a share of�he prem.iuxns paid t��h� insurer, the arrangement�s of�en�ermed "cap�ive re�nsurance." Fur�her: �a 3 Any such agr�ements wi��not affect the arnounts that Borrower has agreed to pay for�Vlortgage Insurance, or any other terms of the L�an. Such agreernents wi�l not�ncrease the arnaunt B�rrower wili owe for Mar�gage Insurance, and�hey w�li not entit�e Borrower to any refund. t�3 Any such agreemen�s w��not affect the righfs Borrawer has-if any-w�th respect to th� Mortgag�Insura��e�nc�er the�Iomeawners Protection Act of 1995 or any other�aw. These r��hts m.ay�n��ud�the right to rece��e certain disclosures y to reques�and obtain cancellation of the �Vlartgage Insu�ranc�, ta ha�e the�Vlortgage Insurance terxnxnated autamatica��y, andlor�a recei�e a refunc�of a�y M�rtgag�Insurance premiurns that vvere un�arned at the time of such cancel�ation or ternr��nat�on. ��. A��i�nment af M�scet�aneous Proceeds; Fnrf�iture. All N[�scellaneous Proceeds are hereh� assig�.�d ta a�d sha��be pa�d�.o Lend�r. �f�he Proper��xs damaged, �uch Misce��aneaus Proc��ds sha�l be ap�l�e�.to res�orat��n�r repair af th� Proper�y, if the restorat�on�r r�pair is economi�a��y feas�b�e and Lender's secur�t� �s no��essened. I�uring such repair and res�orat�on per�od, Lender sha��ha�e�he r�gh�to hold such M�scel�aneaus Pro�eeds until Lend�r has had an�ppor�uni��r�� nsp�ct such Pr�perty to ensure�he work has�be�n compie�ed to Lender's NEgRASKA-Single Famity-�annie MaelFreddie Mac UNIF�RM INSTRI�MENT Farm 3fl2$�101 VMP[� VMPfitNEf�1302f Wafters Kl�awer Financial Ser�ices P�9��t"��