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2� 1 ��58�8 <br /> continue to pay �o L�nder the amoun�of the separatel�des�gna�ed paym.�nts tha�w�re due when the <br /> �nsurance c��erag��eased �a be in�ffect. Lender wil� ac�ept, use and re�ain these paym�n�s as a <br /> n�n-r�fundable�ass r�s�r�e in�ieu af Mor�gage Insurance. Such l�ss reser�e shall be n�n-refundable, <br /> na�withstanding�he fact that the Loan is ul��ma�ely paid in ful�, and Lender sha11 nat he required ��pay <br /> Borrov��r an�r in�erest or�arnings on such los� reser�e. L�nder can nfl �onger require loss res�rve payments <br /> zf Mortgage�nsurance ca�erage�in the amount and for�he per�od tha�Lender requires}p�-o��d�d by an <br /> insurer seiected by �ender again becomes a�ai�ahle, is o�ta�n�d, and Lender requires separately designated <br /> pa��ments �oward�he prem�.um� for Mortgag�Insuran�e. �f Lender requ�red N�ortgage�nsurance as a <br /> �andi�ian of mak�ng�he Loan and Barrower was r��u�red to make separat��y des�gnated paymen�s tnward�h� <br /> p�-em�ums for Mortgage�nsurance, Borrower shail pay the premiums requ�red�a maintain M�r�gage <br /> �nsurance in effec�, or tn provide a nonWrefundabl�loss reser�e, until Lender's r�quiremen� for Mor�gage <br /> �nsurance ends�n accordance with any written agre�men�betv�een Borrawer and L�nder prav�d�ng for such <br /> �ermina�ion�r until t�rminat�on�s require�.by App�icable La�v. No�hing in�his Sec��an ��affects <br /> Borrov�er's obligation ta pa�interest a�the ra�e pravided �n the Note. <br /> Mortgage�nsurance�rexmburses Lender�or any ent��y�ha�purchases�he N�te} for certa�n�osses ��may incur <br /> if Borrav�er does nat repay�he Loan as agreed. Borrower i� no�a par�y to�he M�r�gage�nsurance. <br /> Martgag��nsurers eva�ua�e�heir total risk on a�� su�h insurance�n fflrce from t�me�o�im�, and may enter <br /> into agreemen�s �vith n�her part�es tha�share or modif�r�he�r risk, or reduce l�sses. These agre�ments are on <br /> terms and condi���ns that are satisfactory�o the nZar�gage insurer and the a�her par�y �or par�ies} to�hese <br /> agreements. These agreemen�s may require�he mor�gage�nsurer to make paymen�s using an�source of funds <br /> that the mortgage insurer may have available�wh�eh ma� inc�ude funds obtain�d from Mor�gage Insurance <br /> pr�mi�ums�. <br /> As a resul�of�hese agre�ments, Lender, any purchaser of�he Note, another insurer, any reinsurer, any o�her <br /> entity, or any affiliate of any of the for�going, may receiv��directl�or indirecfl�} amounts �hat deri�e from <br /> �or migh�be�haracterized as} a pnr�i�n af Borr�w�r's pa�ments for Mortgage Insurance, xn exchange f�r <br /> sharing or modify�ng the mar�gage�nsurer's risk, or reducing�asses. �f such agreement pro�id�s that an <br /> aff�liate of Lender takes a share of th�insur�r's risk in e�change f�r a share of�he premiums paid�a the <br /> insurer, �h�arra.r�gement is often termed "capt��e reinsuranc�." Fur�her: <br /> �a� Any such agree�m.ents w���not affect the amounts that Borrower has agreed�o pay for Mortgage <br /> Insurance, ar any o�her terms of the Loan. Such agreements vv���not�ncrease the amnunt <br /> Borrower wi��owe far�Vlortgage Insurance, and they will nat entitle Borrower t�any refund. <br /> �h} Any such agreemen�s wi�l n�t afF�ct the r�gh�s Borrower has-�f ar�y �wi�h respect to the <br /> IVlartgage Insurance under the I3omeowners Protect�on Act of 1998 or any other�aw. Th�se r�ghts <br /> �n����cl��le t��r����t t�r��ei�e��r�t��r����c�a�ur��, �t�r���u��t�r��������ca�cel�a��U�.�f t�� <br /> �Vlor�gage Insurance, to ha�e the Mortgage Insurance term�nated automati�al�y, andlor to receiv� <br /> a refund of any Mortgage Insurance prerniums that were unearned at the time nf such <br /> cance��a�ion ar term�na��nn. <br /> '1�. Ass�gnment of Misce�laneous Pr�ceeds; �arfeiture. A�� M�sce�laneous Pro�eeds are hereby assig��d to <br /> and sha�l be paid to Lender. <br /> If the Property �s damaged, such Miscellaneous Proc�ed� shall be applied�o restorat�on�r repair of the <br /> Prop�rty, �f the restoration or repair is economiGally feasi�le and Lender's securi�� is na�lessened. During <br /> such repa�r and res�oratian per��d, Lender shall have the right to hold such Miscellane�us Proceeds unti� <br /> Lender has had an apportun��y to inspect such Property to ensure�he�rark has been comp�eted ta Lender's <br /> N�BRASKA-Single Family-�ar�nie MaelFreddi�Mac UN1�aRM INSTRUMENT �orm 3028 11�7 <br /> VMP Q VMPS�N�](1342y <br /> Wa(ters Kluwer Financial 5er�i�es Page 9 vf i 7 <br />