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2� 1 ��3232 <br /> continue�o pay to Lend�r�he amount af the separa��ly de��gna�ed pa�men�s�hat were due vvhen the <br /> �nsuranc�co�erage ceased to be�n effect. Lender wi�� acCept, use and retain�hese paymen�s as a <br /> non�refunda��e loss reserve in�ieu�f N�ortgage�nsuranc�. Such loss r�serve sha��be non--refundabl�, <br /> n�t�v��hstanding the fact�ha�the Loan�s ulti�na��l�pa�d in fu��, and Lender sha�l no�be�requxr�d t�pay <br /> Barr�wer any in�erest or earn�ngs�n�uc� i�ss reserve. Lender�an no longer requ�re loss reserve paymen�s <br /> if Mor�gage�nsurance co�era�e�in�he amoun�and for�he per��d�hat Lender requires}pra�ided by an <br /> insurer se�e�ted�y Lender aga�n b�com�s a�ailabie, is o��ained, and Lender requ�res separate��r des�gna�ed <br /> paymen�s taward�h�premiums for Nlortgage�nsurance. �f L�nd�r required Mor�ga���nsurance as a <br /> candition�f mak�ng the L�an and B�rrower v�ras required to make separa�e�y designa�ed pa�ments ta�ard the <br /> premiums for M�r�gage Insurance, Borrov�rer sha��pa�the prem�ums requ�red to ma�n�ain Mar�gage <br /> �nsurance in eff��t, or�o prov�de a non-refundab�e��ss r�serv�, un��� Lender's r�quirement for Ma�:gage <br /> �nsurance ends in ac�ordance with any v�ritten agre�men�between Borrower and Lender providing for such <br /> termina�i�n or until term�na�inn is requir�d by App��cah�e Law. Nothing �n fih�s Se�tion 14 affects <br /> Borrov�er's �bliga��on to pay interest at the ra�e pravided �n the Note. <br /> Mar�gage �nsurance reimburses Lender�or any en�ity fha�purchases�he Note} for cer�ain losses �t n�.ay incur <br /> if Borrower does not repa��he Loan as agreed. Borrower�s not a pa�r�� to�he Mar�gage�nsuran�e. <br /> Mor�gage�nsurers evalua�e thtir tatal risk on alI such xnsurance in farc�from�.�me to time, and may ent�r <br /> i�.�o agreemen�s w��h o�her par��es tha� share�r modify��.e�r r�sk, or reduce losses. These ag�-e�m.en�s are on <br /> terms and cond��i�ns�hat are sa��sfac�ory t��he mor�gage insur�r and the o�h�r par�y (or par�ies}�o these <br /> agreements. These agreements may require�he mor�gage insurer to make payments using any s�urc�of funds <br /> ��a��he martgage�nsurer ma�ha�e ava�iab�e�which ma�r �nclude funds ab�ained from Mor�gage�nsurance <br /> premiums}, <br /> A5 a resu��af�hese agreements, Lender, any purchaser af�he No�e, ano�her�nsurer, any r��nsurer, an�at�.er <br /> en�it�r, ar any aff��iate of an�of the foregaing, may r�ceive�d�rect��or�ndirect�y} amounts��at deri�re from <br /> �or might be�haracterized as} a p�rtion of Borrower's payments for Mor�gage Insurance, in exchang�f�r <br /> sharing or mod�fsring�he n�.or�gage�nsurer`s risk, or reducing �asses. �f suc� agre�men�pro�ides�hat an <br /> aff���ate of Lender�akes a share of�he�nsurer's risk�n exchan�e for a share of the premiums pa�d�o the <br /> insurer, �he arrangement is often termed "cap�ive reinsurance." Fur�her: <br /> �a} Any such agreements w���not affec�the amaunts that Barrower has agreed to pay far Mor�gage <br /> Insurance, or a�y�ther terms of the I�oan. Such agreem�nts will not�ncrease the amount <br /> B�rrower w�Xi owe for 1Vlor�gage Insurance, and they �vill no�en�it�e Borrawer ta any refund. <br /> tb} Any such agreements w���not affec�the r�gh�s Borrower has-xf an.y -with respect ta the <br /> �Vlortgage Insurance under the I�iome�wners Pratec��on Act of 1995 or any�thQr law. 'The�e rxghts <br /> may�nc�ude th�right to rece�v�certain d�sclosures, to request and ab�a�n cance�lat��n of the <br /> Mortgage Insuran�e, to�aa�e the Mortgage Insurance terminated autamat�ca��y, andlor to recei�e <br /> a refund of any Mor�gage In�urance pr�miums tha� vvere unearn�d at the t�me of such <br /> cancel�at�on or t�rm�n.at�on. <br /> ��. Assignment af Miscet�anevus Praceeds; Forfeiture. A�� Miscellan�ous Pro�eeds are h�re��r ass�gned�o <br /> and sha.l.� be paid to Lend�r. <br /> �f the Proper�� is damaged, su�h Misce��aneous Proce�ds sha�l be app�ied to res�ora���n�r repair of the <br /> Property, if the res�oration or repa�r is econom�ca�ly feasi�Ie and Lender's securi�y �s not Iessened. During <br /> such repa�r and res�nra��on per�ad, Lender shal�have�he right to ho�d such M�sceilaneous Praceeds until <br /> Lender has had a�oppor�un��y�o inspect such Proper�y�a en�ure the work has been�o�m.ple�ed to Lend�r's <br /> NEBRASKA-Single�amily-Fannie Mael�reddie Mac UNI��RM tNSTRUMENT Farm 3�28 11D1 <br /> VMP� VMP6fN��t'�302y <br /> Walters Kluwer Financial Ser�ices Page 9 0#�7 <br />