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2� 1 ��229 continue t�pay ta Lender the am�unt of�he s�parate�y designa�ed payments that w�re due when the �nsurance co��rage c�ased ta he�n effec�. Lender wi�� accept, use and retain�hese payments as a nan-refundabl�loss reser�e in�ieu of Mortgage�n�uranc�. Su�h loss reserve sha11 be non-r�fundab�e, not�c�vithstanding �he fact that�he Loan�s ul�ima�e�y paid in ful�, and Lender sha�l not be r�quired ta pay Borrvwer an� in�eres��r�arnings an such Ioss reser�e. I.�nder can n�longer requir��oss reserve paymen�s if M�rtgage Insurance coverage�in the amnun�and for�he period tha� Lender requ�res}pra�ided�y an insurer sel�cted hy L�nd�r aga�n becomes available, is obtained, and Lender r�quires separat��y designa�ed pa�men�s �oward the premiums for Mortgage Insuran�e. If Lender required Mor�gage�nsurance as a cflndi��on of mak�ng the L�an and Borrower was required ta make separate�y d�signa�ed payments taward�he premiums for Mor�gage�nsurance, Borrower sha��pay the pren�iums r�quired�o rx�aintain Mortgage �nsurance�n effect, or�o pra��de a non-refundable Ioss reser�e, un�� Lender's requirement for Mor�gage �nsurance ends in accardance wi�h any vvr��ten agreement be�we�n Borrovw�r and I�nder pro�id�ng for such �erm�na��on or un�il termina�i�n is re�u�r�d by Appli�a�le Law. Nothin� �n�h�s Section ��affects Ba�rro�er's ob�iga��on�o pay interes�at�he rate pro��ded �n the No�e. Mor�gage�nsurance reimburses Lender�or any entit�r�hat pur�hases th� No��} for Certain�asses i�may incur if Borrov�er d�es no�repay the L,oan as agreed. B�rrower is not a party�o the Mor�gage�nsurance. Mor�gage insurers eWaluate�he�r�o�al risk�n a�� such �nsurance in farce from�ime�o time, and ma�en�er xnto agreements with o�her par�ies�ha� share ar n�.od�fy their r�sk, or�-�duce losse�. These agreemen�s are an terms au�d condi�ians tha�are sa�isfactory to the mor�gage insurer and the other party �ar par�ies} �a �hes� agre�men�s. These agreements may require the mortgage insurer�o rnak�payments using any soure�of funds tha�the mort�age �nsurer may ha�e a�ai�able (wh�ch ma� inclucie funds ob�ained fram Mor��age Insurance prem�ums}. As a result of th�se a�reemen�s, Lender, an�purchaser of the Note, another�nsurer, any reinsurer, any o�her en�it�, nr an� af�liate of any of th� forego�ng, may receive�directl�or indir��l�� amaunts �ha�derive from �or migh�b�charac�erized as} a par�ian�f Borro�er's pa�men�s far Martga�e rnsuranc�, �n exchang� for sharing or modifying the mor�gage�nsurer`s ris�, or reducing �oss�s. �f such agreem�n�pro�id�s �ha� an affi��a�e�f Lend�r�akes a share�f�he xnsurer's risk�n ex�hang� far a share of the premiums paid�o�he insur�r, �he arrangement is of�en�ermed "capt�W�reinsurance." Further: {a3 � Any such agreements wil�no�affect�he am.ounts that Borrov�c�er has agreed to pay for Mort�age Insurance, or any other terms of the Loan. �uch agreements wil�na�increase the amaunt ��rrow�r wi�i o�e for Nlor��a�e In�uranc�, and�h�y wi�I no# +�n�itl+e�QrrQw�r t4 �ny r+�fun�., ��3 Any such agreemen�s wi��not affect the rxgh�s Borra��ver has�if any-w�th respect ta�he Mar�gage Insurance under the Homeawners Pratectian Act of 1995 or any athex•law. These rights may�nciude the r�ght to rece��ve cer�ain disc�osures, ta request and obtain cance�lat�on of the �Vlortgage Insurance, to ha�e�he Mor�gage Insurance term�nated au�omatica�iy, andlor�o rece�ve a refund of any Mor�gage Insuran�e premxum�tha�were unearned a��he time�f such cance�la�zon or terminatian. ��. Ass�gnment vf Miscellanevus Proceeds; Farfe�ture. All Misceilaneous Proce�ds are here��ass�gned t� and shai� b�paid �a Lender. If the Property �s damaged, such M�sceila.neous ProGeeds �hall be app�ied to restoration or repa�r of�he Property, if the restorat�on ar repaxr�s economica�iy feasibie and Lender's securit� is no�lessened. During such repaxr and restora�ion period, Lender shall ha�e�he r�ght�a h�id such Miscellaneous Proceeds until L.ender has had an opp�r�unity�o inspect such Praper�y to ensure the work has been comple�ed t� Lender's NEBRASKA-Single Family-Fannie Mael�reddie Mac UN#F�RM 1NSTRUMENT �orm 3428 11Q1 VMP Q VMP6�N�f(13�Zf Wolters Ktuwer Financial 5er�ices Page 9 of'�7