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2� 1 ��3� 1 � <br /> continu�to pay to L�nder�h.e amoun�of the separa�e�y designated pa�men�s that were du�v�rhen the <br /> insuran�e coverage ceased tQ be�n effec�. Lender wi�I accep�, use and re�ain these paymen�s as a <br /> non�refundable�oss res�rve�n�ieu of Mortgage Insurance. Such�oss reserve sha��be non-refundab��, <br /> notw�ths�ar�ding��e fac��hat�h�Loan�s u�tima��ly paid �n fu��, and Lender shall na�be required�o pay <br /> Borrower any �n�erest�r earnings on such loss reser�e. Lender�an no l�nger re�u�re Ioss reserW�payments <br /> if Mor�gage Insuranc�cowerag���n the am�unt and for�he p�r�od�hat Lender requ�res}provxd�d by an <br /> insurer selec�ed�y Lender again becames a�railab�e, �s�btain�d, and Lender requ�res separa�e��des��na�ed <br /> payments�ovvard the prem�ums far Mortgage�nsurance. �f Lend�r requir�d Mor�gage Insurance as a <br /> cond��ian af making the Laan and B�rrower was r�qu�red�o make separa�el�des�gna�ed pa�ments tovvard th� <br /> premiums for M�rtgage�nsurance, B�rrower sha�I pay th�premu.ums required to mainta�n Mort�age <br /> �nsuran�e in effec�, or t�provide a nan�refundab�e�oss reser�ey un��1 Lender's requ�remen�for Mortgage <br /> Insurance ends �n acc�rdance wi�h an�r vvrit��n agreemen��between Barrov�er and L�nder pro�idi�.g far such <br /> terminat�on or unti�terminat�an is requ�red by App�i�a�le Law. Nathing in th�s Sect�on 14 affects <br /> Barrower's obliga�i�n to pay �nterest a�the rate provided in�he Note. <br /> Mor�gage Insurance reimburses I,ender�or any en���y that purchases�he Note} for���a�n I�sses it may in�ur <br /> �f Borrower dfle�not repay�he L�an as agre�d. Borro�v�rer is not a party�o the Mor�gage�nsurance. <br /> Mor�gage insurers e�a�uate their�o�al r�sk on a�� such�nsurance in force from time ta time, and may en�er <br /> in�o agreements w�th a��er par�i�s��.a�shar�or modify�heir risk, ar reduce�osse�. Thes�agreements are on <br /> terms and conditions tha�are sat�sfac�ory�o�he mar�gage insurer and th�ather pa.r�� �ar par�xes} to these <br /> agreeme�.�s. These agreemen�s may requ�re the mor�gage insurer to make paym�n�s using any source�f funds <br /> �ha�the mor�gage insurer may ha�re avai�able��vhich may �n�iude funds abtained from Mor�gag��nsurance <br /> prem�ums}. <br /> As a resu�t of these agreem.ent�, Lender, any purchaser af the No�e, an��her�nsurer, any re�nsurer, an�other <br /> entit�, or any affi��ate of an�of the foregoing, ma�r receive�direct�y or indirec��y} amounts tha�deri�e fr�m <br /> �ar migh�be charact�rized as} a por��on of B�rrovver's��y�er��s �`ar�ar�gage�r���ranc�, i�.excha.n�g� far <br /> shar�ng or modifying�he m�rtgage insurer's rzsk, or reduc�ng Iosses. �f such agree�rzen�prov�des�ha�an <br /> af��ia�e of L�nder takes a share of�he�nsurer's r�sk in exchange f�r a shar�of�he pr�miums pa�d to th� <br /> insurer, the arra.ng�ment is of�en termed "captive re�nsurance." Fur�her: <br /> ta� Any such agreements wi��no�affect the amoun��tba��orrower has agreed t�pay for IVlor�gage <br /> In.suranc�, or an�other term��f the Loan. Such agreements w�l�not increase the amaunt <br /> Bflrro►wer will owe for�Vlor�gage Insurance, and they w�ll no�en�itle Borrower to any reFund. <br /> ��} Any such agr�emen�s will no�affect�he right�Borrawer has w if any -w�th respect to the <br /> Mortgage Insurance under the I3omeowners Protection Act af 1998 or any other�aw. ThQse rights <br /> may in�lude the right ta rece�ve cer�ain discl�sure�, to reques�and obta�n�ancellatxvn af the <br /> Mortgage Insurance, to ha�e the Mortgage Insuran�e ferm�nated au�omat�ca��y, an�lor to rece��e <br /> a refund of any Mortgage Insuran�e prem�ums that w�re unearned at th�t��me of su�h <br /> cancel�at�on or terminat�on. <br /> 'I�, Ass�gnment af Miscellaneous Proceeds; Forfeiture. A11 M�scellaneaus Praceeds are hereby assign��to <br /> and shall he paid to Lend�r. <br /> If�he Proper�y is damaged, such MisGe��an�ous Pr�ceeds shall be app�ied�o res�orat�on or r�pair of the <br /> Proper��r, �f the restorat�on or repair is economical��f�asib�e and Lender's s�curit� �s not lessened. During <br /> such repair and restora�i�n period, Le�.d�r shal�ha�e the right�o ho�d su�h Misce�lan�aus Proceeds un��i <br /> Lender has had an oppor�unity�o�nspec�such Property�a�nsure the work has been compl��ed to Lender's <br /> NEBRASKA-Singl�Family-Fannie MaelFr�ddie Mac UNIfDRM 3NSTRUMENT Form 3428 11�1 <br /> VMP Q VMP6�NEf�'I3Q2f <br /> Wolters Kluwer Financial Ser�ices Page 9 vf'#7 <br />