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2� 1 ���418 <br /> con��nue�o pa�ta Lend�r��e amaun�of�he separatel�designated paymen�s�hat were due v�hen the <br /> insurance�o�erage ceased to be�n effec�. I.�:nder will accept, use and re�a�n�hes�paymen�s as a <br /> non-refundable lass reserve in�ieu of Mortgage Insurance. Such Iass reser�e shall be�onWr�fundabl�, <br /> notvvithstand�ng the fac�t.�iat the I.�an �s u���mately paid in ful�, and Lender sha�l no��e requir�d�a pay <br /> �orrower any int�res��r earnings on such�oss reserve. Lender can no longer r�qu�re�oss reser�re pay�nents <br /> if Mortgage�nsuranc�co�erage�in the amaunt and for the peri�d that Lender requ�res}pra�rided by an <br /> insurer s�lec�ed by I.ender aga�n becomes a�ailable, i� obtained, and Lender requ�res s�paratel�designa�ed <br /> paym�nts toward the premiums for Mor�gage�nsurance. �f I�nder r�quired Mor�gage Insurance as a <br /> condit�on of mak�ng the Loan and B�rr�wer was requxred t�make separa�ely d�s�gnated pa�rm�nts �o�nrard the <br /> premiums for Mor�gage�nsurance, B�rrower shall pa� the pre�rn�ums required ta mainta�n Mortgage <br /> Insuran�e�n effe��, or�a pr�vide a non--refixndabie loss reserve, un�x� Lender's requ�rement for Mor�gage <br /> �nsurance ends �n accordance wi�h an.y wr���en agreement between Borrower and Lender pro��ding for such <br /> �ermina��on or un�ii�erm.ina���n is requ�red by Applicable Lavc�. No�h�n� �n this Sec��on 1�aff�Cts <br /> B�rrower's ohli�atio��a pay �nt�rest at th�rate pro��ded �n the N���. <br /> M�r��age�nsurance reimburses Ler�der�or any en�it�that purchases th�No�e} for�ertain losses x�may xncur <br /> �f Borrower does na�re�a�the Loan as agreed. Borrower�s not a party to�he N�or�gage�nsurance. <br /> M�rtgage�nsur�rs e�al.uate�heir�o�al r�sk on all such insurance in force fram�ime�a�ime, and may en�er <br /> in�o agreemen�s w�th other par��es �hat share or modif��heir risk, or reduce lasses. These agreerr�en�s are�n <br /> �erms an�i canditians�.a�are satisfactory t��he mor�gage �nsurer and the other pa.�y �nr par���s}�� th�se <br /> agreements. These agreemen�s may require the m�r��age insurer�o make payments uszng any source of funds <br /> �hat t.�.e ma�.gage�nsurer may have avai�able�which may inc�ude funds obtained from Mar�ga�e �nsurance <br /> prem�ums}. <br /> As a resu�t of these agreements, Lender, any purchaser of the Note, anather�nsur�r, any reinsurer, any ather <br /> ent��y, or any af��iate of an� af�he foregoing, may re�ei�� �directly ar�ndirect�y} amounts tha�der�ve from <br /> ��r migh�be chara�ter�z�d as} a port�on�f Barrower's payments for Mortgage��su�an�e, �n�xchange for <br /> sharing or madifying the mQr�gage insurer's risl�, Qr reducing �asses. �f such agreemen�pro��des�hat an <br /> af�liate of Lender�akes a share�f the insurer's risk in exchan�e for a share of the premiums paid �o the <br /> insurer, th�arrangement �s often�ermed "cap�i�re reinsurance." Fur�her; <br /> �a� Any such agreements will not aff�c�#he amounts that Barrower has agreed tn pay for Mor�gage <br /> Insurance, ar any other t�rms of�he Loan. Such agreemen�s w�i� no��ncrease�he amount <br /> Borrawer wili owe for Martgage Insurancey and they w��l not en����e Barrower�o any refund, <br /> �b� Any such agreements wi��no� affect�he righ�s Borrower has-if any �with respect�o the <br /> Mor�gage Insurance under�he Homeowner�Pra�ec#�ion Act of 1998 or any o�her law. These rights <br /> may inc�ude the right to recei�e certa�n disclosure,�, ta request and�btain cancellat�on a�'�he <br /> Mortgage Insurance, to ha��the Mortgage Insurance terminated aufoma�icaliy, andlor to rec�ive <br /> a refund of any Mortgage Insurance premxums that were unearned at the time of such <br /> �ancellatian�r terminat�on. <br /> ��. A�s��nment of Miscellaneous Proc��ds: Forfeiture. A�� Misce�laneous Proceeds are hereb� ass��ned�o <br /> and sha11 be paid to Lender. <br /> �f�he Proper�.y is damaged, such Miscellaneous Proceeds sha�i be applied ta res�oration or repa�r af the <br /> Proper�y, xf the restora�ion or repaxr�s economi�ally feasib�e and L�nder's security is no��essened. Dur�ng <br /> such repair and res�ora��on per��d, Lender shail ha�e the right �a h�Id such Misce��ane�us Proc�eds un�i� <br /> �nd�r has had an��por�unity t� inspect such Property to ensure the work has been comp�eted t� Lender's <br /> NEBRASKA-5ing1�Fami�y-Fannie Mael�reddie Ma�UNtFORM lNSTRLlMENT �orm 3D28'il�i <br /> VMP Q VMPfi[N�f[13Q2� <br /> Wvtters Kluwer Fir�an�ial 5er�ices Page 9 a#'E 7 <br />