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2� 1 �� 15 con�inue�o pay to Lender th�amount of the separate�y designated paymen�s that were due v�hen th� insura.nce cn�er�g�ceased to be in effect. Lender wi�� a�cep�, use and re�a�n these pay�men�s as a n�n-r�fundable los� r�serve�n��eu of Mor�gage Insuranc�, Such�oss reserve sha��be non-refundabie, n�tw��hstand�n��he fact tha�the Loan xs ultima�ei�paid in fuil, and I.ender shall not be required t�pay Borr�wer an� xnteres�or�arn�ngs an such loss reserve. Lender can no �anger require loss reserve paymen�s zf Mor�gage Insurance coverage�in the am�unt and far the peri�d tha� Lender requires}pro��ded by an insurer s�lecte�.b� Lender again b�comes a�ai�abl�, is��ained, and L�nder requ�res separately d�signated payments�av�ard �he premiums for IU�artgage Insurance. If Lend�r requxred Mor�gage�nsurance as a cand�t�on of n�.ak�ng�he Loan and Borrawer was requir�d to make separa�eiy designa�ed pa�men�s tov�rard�h� prerx�iums for Mor�gage�nsurance, Borrower sha�l pa�the premiums r�quired to maintain Mor�ga�e �nsurance�n eff�ct, or t�pro�ide a nan-refunda�le Ioss rese�-`re, unti� Lender's requ�r�m�en�for Mortgage Insurance ends �n ac�ordance with any writ�en agr�ement betu��en Borrflvver and L�nder providing for such t�rm�nation ar until�erminat�on �s requ�red b� Applicabie Lav�, No�hing in�his Secti�n 1D affec�s Borrawer's abligat�on�o pay in�eres�at the rate pro�ided in�he No�e. Mar�ga�e�nsurance reimburses L.�nd�r�or any entit� that purchases the No�e� for cer�a�n losses �t may incur if B�rra��r does not repa�the Loan as a�reed. Borrow�r�s not a par�y �o the N�ortgage Insurance. ll�ortgage insurers e�alua�e their tatal risk on ali such insuranc�in force from tim�to time, and ma�enter �n�o a�reernents vv�th ather parties �ha� share or n�odify their risk, or r�duc�ioss�s. Th�s�agreemen�s are on �erms and condi�ions that are sa�isfactory to the mor��age insurer and the oth�r part�r�or parties� t� these agreements. These agr�emen�s may requ�r�th�m.ort�a�e�nsurer to make pa�ments using an� source of funds tha�the mortga�e insurer n�a�hav�awailable �which may inc�ude funds o�ta�ned from Mortgage Insuranc� �rem�ums}. As a resul�of these agreements, Lende�, any purchaser�f th�Not�, ano�her insur�r, an}�reinsur�r, an�other enti��, or an}� affi��a�e of any of the foregoing, nlay receiWe�d�rec�� ar�nd�rec��} amounts tha�deri�e from �or m��ht be c��aracter�zed as} a por��on of B�rrower's pa��ments for M�rtgage �nsurance, �n exchan�e f�or shar�ng or modif�ing th�mortga�e�nsurer's r�sk, or reducing �osses. If such agreemen�pro��des that an af�i�ia�e of Lender takes a share af the insur�r's risk. in exchan�� for a shar�of the prem�ums paid�a the insurer, the arrangement is often termed "cap�iv�reinsurance." Further: �a} An�such agreem�n�s ��v��nofi affec��he amoun�s that Borro��ve�•has agreed fn pay for�ortgage Insurance, or any other terms of the Laan. Such agr��m�n�s w��not�ncreas�the an�aunfi Borro��er wi�l o`�e far Mor�ga�e Insurance, and�hey�i�i��not ent�t�e Barrower to any refund. �h} An�such agr�em�n�s`�vil�na�affec��he rxghfs Borrawer has -if any -«ith respec��o�he Mar�gage Insurance under th��-Ion�e�wners Prot��on Ac� of 1995 ar any o�her la►��v. These rights may�nclude�he righ�t�recei�e certain disc�osures, �o reques�and obtain�ancella��fln af the Mor�gage Insurance, �a have the Mor�gage Insuranc�termina�ed au�oma��ca�ly, andlor ta re�ei�e a refund of any�Vlortgage Insurance premiums that were unearned at�he time of such cance��afion or termination, �'[. Assignrr�ent �f N[iscei�aneaus Prviceeds: Forfeiture. All Miscellaneous Pro��eds are hereby assigned to and shal� be paid to L.�nd�r. If th� Praperty is damaged, such Miscel�aneous Prace�d� shall �e appii�d tn r�storation or repair af�he Prop�rty, if�he restarat�on or r�pair is e�anamically feasibie and Lender's security �s not Iessened. I3ur�ng such repa�r and restorat�on p�riad, I.�ender shall have the r�ght t�hold such Misce�lan�ous Praceeds unt�� Lend�r has had an opp�r�uni�y to insp�c�such Prop�r�y to ensure the work has been compieted �o Lender's N�BRASKA-Singl�Family-Far�nie Mael�reddie Ma�UNI�ORM iNSTRUMENT �orm 3�2$�1�1 VMP a VMPE�N�S(13a2� Walt�rs Kluvver�inancial 5�r�ic�s Page 9 af�7