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2� 1 ��2� 18 <br /> �on�inue ta pay�o L�nder the amoun�of the separa�e�y designated paym�nts that w�re due�vhen�he <br /> xnsura��c:e covera���eased t�be �n effec�. Lender wi�� accep�, use and retain�hese pa�ments as a <br /> nan-refundab�e��ss reser�e�n�ieu of Mor�gage Insurance. Such loss reserv�sha11 be non-refundabl�, <br /> no�w�ths�and�ng th�faCt tha��he Laan is u�t�mat�i�pa�d�n fu11, and Lender shall not�b�requir�d�o pay <br /> B�rrower any interest or earn�ngs on such�ass reserv�. Lender can no �ang�r require��ss res�rv�payments <br /> if Mor�gage��surance coverage�in the amount and far the period�hat Lender requires}pro��ded b� an <br /> insurer se�ected�y Lender aga�n becames available, �s obtained, and Lender requires separatel�d�signated <br /> payments�oward the pr�xnxums for Mortgage Insurance. �f Lender required Mor�gage �nsurance as a <br /> condition.flf ma.king�he Loan and Barrow�r v�ras requ�red to make�epara�e�� d�signated paymen�s�a�ard�he <br /> premiurn�s for Mar�gage�nsurance, B�rrower shall pay�he premiums required to ma�n�a�n M�r�gage <br /> �nsurance in effect, or��pra�ide a n�n-refundabie l�ss reserve, un�i� L�nder's r�quir��men� for Mor�gage <br /> �nsurance ends �n accordance vv�th any wr�tten agreement be�ween Borrower and Lender pro�id�ng for such <br /> term�nati�n ar un��� termination is required by Appli�a�le Law. No�hing in�his Sectian ��affects <br /> Barrower's ob�igatian�a pay �nteres�a��he rate provzded in th�Note. <br /> Mor�gage�nsuran��re�nlburses I.ender�or any entity�hat pur�hases�he Note} for cer�ain lasses it may incur <br /> �f Borrower daes n��repa��he L.�an a� agre�d. Barrower is n�t a par�y to �he Mar�gage�nsurance. <br /> Mortgage insurers evaluat��heir�ata1 risl�on al� such insurance in for�e fr�m t�me t�tim.e, and ma�r en��r <br /> in�o agreem�nts wi�h other part�es�hat share or mod�fy th�ir risk, ar r�duce losses. These agreemen�s are an <br /> terms an�conditions�hat are sat�sfac�ory ta�he mo�gage�nsurer and�he oth�r par�y ��r par�ies}to�hes� <br /> agreemen�s. These agre�ments may requir�th�mor�gage�nsurer to mak�paymen�s using any source of fUnds <br /> �ha��he mor�gage �nsur�r may ha�ve availab�e�whi�h ma� �nc�ud�funds���a�ned fram Mor�gage Znsurance <br /> premiums}. <br /> As a resu�t af these agre�ments, Lend�r, any pur�haser of the No�e, ano�her�nsurer, any reinsur�r, any ather <br /> en�it�, or any af�lia�e af any�f the forego�ng, may rec�ive�direc�l�or�ndire��l�} amoun�s that der��e from <br /> �or might be charac�erized as} a por��on of Borrawer's paymen�s for Mar�gage Insurance, in e�.change f�x <br /> shar�ng nr modif��ng�he m�r�gage insurer's ri�k, or reducing losses. If such agre�men�prov�des�hat an <br /> aff��xate of Lender takes a share of�he�nsurer's risk�n exchar�g�for a share of�he premiums paid���he <br /> insu�rer, �he arran�ement is aften termed "cap���v�r��nsurance." Fur�her: <br /> �a 3 Any such agreen�ents will not affect the amaunt�that Borrower has agreed to pay far Mortgage <br /> Insuranc�, or any other t�rms of the Loan. Such agre�ments vvill no�xncrease the amoun.t <br /> Sorr�wer will owe for Mortgage Insurance, and�hey wi11 not entitle Borrawer to any refund. <br /> �b� Any such agreemen�s�v���nat affect the rights Borrower has-�if any-w�th respect to th� <br /> Nlor�gage Insurance under the�-Iome�wners Protect�on Act of 1995 ar any other Iaw. These rights <br /> may xnclude the righ�to receive cer�ain disclosures, to requ�st and ob�ain cance�Ia�ion af the <br /> 1Vlortgage Insurance, to have the�Vlor�gag�I��urance terminated au�omatical�y, andlor to re�ce�ve <br /> a refund of any Martgage Ix�surance prem�ums that were unearned at the��me of such <br /> cancel�ation�r termination. <br /> �'1. As�ignment of N�iscelianevus Pr�ceeds; Forfe�tur�. A1� Misc���aneous Pro�eeds are h�reby ass�gned to <br /> and shal� be�a�d to Lender. <br /> �f the Proper��is damaged, such N��s�ellaneous Proceeds shall b�app��ed to restara�ion or repair of�he <br /> Property, �f the r�stora�ion or r�pair�s economically feas��ble and Lender's s��ur��� �s not Iessened. During <br /> such r�pair and r�stora�ion p�r�od, Lender shall have�he r�ght ta ho�d such M�s�eliane�us Proceeds unt�l <br /> Lender has had an oppo�u�.�ty to �nspec�such Pr�perty ta ensure�he w�rk has be�n compl�t�d to L�nder's <br /> NEBftASKA-Singie�amily-Fa�nie MaelFreddie Mac L3NIFQRM INSTR�lM�NT Fvrm 3�Z8 71�1 <br /> VMP rQ VMPfitN�3{�3p2y <br /> Wotters Kluwer�inancial Ser�ices Page 9 of 17 <br />