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�. � �r�. ' ; � � 2� 1 ��71 32 k � . � � I � I ; ; ,: � � � _ � � - F k _ � - t Lender.Zf substan�ially equYvalen� Mortg�.ge Insurance cover�ge �s not ava.xlable,San o�rer shall contin�e fo pay ' � � �o L�nder the amount of�he sepaXa�ely designated payment� that wer�due when th�i_nsurance cavera�ge ceased � � � to be in�ffect.Lender�ill accept, use and re�ain these payments as a non-refundabie Iass reserve in lieu of � � � � Martgage Insurarrce. Such loss reserv� shall b�non-refunda�Ie, natw�t�.stauding the fact th�t the Loan is � r �ltirnat�iy pa�d in full, and Lend�r shall nat b�requued to p�y Borro�►rer any interest or eamings on such lass � � reserve. Len�er can no Ianger require�oss reserve paymen�s if Mortgage Insurance coverage �in t�ie amount and �� � �. � for fihe period that Lender requires} prov�i�ed by an insurer se�ected b�Lender again bec�mes avaz�ab�e, zs � ? � obtained, and Lend��requires separa�e�y �es�gnated payments tavrrard the pr�miums for Martgage Insura.nce. If ` f � � Lender r�quir�d Mortgage Insuran�e �s a conditian �f making the�aan and Borra�ver was required to make s ` � se�arate]y designate� paymen�ts �avvard the pr�miums far Mortgage Izasuranc�, Barrower shai�pa�th�premiums ; � r�quired t4 maintaira]V�ortgage Insuranc� in effect, or to provide a non-refundable lass reserve, until Lender's � ' � requi.rement for Mortgage Insuxance ends in accordance with ax�y wrxtten agreement between Borr�wrer and ' : ; � � Len�er prov�id�ng for su�h ter�ar�ination or until ternaiaation is r�quired by Applicable Lavv.Nothixag i�n thzs Se�tian ; ' � 1�affee�s Borrav�er's obligation f��ay interest a�the xat�pra�rided in the Note. ! � . �. . . . �, �. Mortgage Insurance reimburses ��nder(or any entxty fha�purchases the N�te�for certam.losses �t ma�incur�f ` rr wer zs nat a ta the Mort a e �nsurance. � � Borrower d4es not repay the Loan as agreed. Bo o party g g , C Martgage insur�rs ��alua�e �eu t�ta�.rxs�on a�l suc�i �nsurat�c� in force fram�.me to time,and may�n�er into '; agreem�nts with other para.�s that shar� ar modify th�ir ri�k,or reduce lass�s. These agr�emen#� �re on term$ � � I ; and condxtions that are sa�isf��tory to the rnori�gage insuurer and the other party �or par��e�} to these agreements. I These agr�ements rnray require the,martgage insurer to n�za.��pa�rmen�s using any source of funds �hat th� j martgag� insurer may�av� avaiiabl��whi�h rna�include funds abt�ined from Mortgage Insuran.ce premiums}. i � t As a r�sult of these agre�xnent�, Lender,any purchase� of the Note, anot,her insurer, any�reinsurer, any other ; en�ity, or�.n.y affiliate of any of the foregoing, may reee�ve�dire�ty ar�ndirec�ly�amoun�� that derive from��r � m�ght be eh,aracter�zed as�a partion of Bano�v�r's payments for Mortgage Inswr�.nGe, in exchange f�r sharing ar - ; mad�ifying the mortgage insurer's r�sk,or reducing Iasses. If such agr�ement provi.des that an aff�iate�f Lender � � �ak�s a share af the insurer's risk in ex�hange fvr�share af th�premiums paid t�the insurer,t�� arran�eme�t is � � . � often�ermed"captive reinsura�ace." Fu�rth�r: � � ; �a� Aay such agreements wil�nat a�ec�the amounts thaf Borrower has�greed to pay far N�ortgag� Insu�rance, ; or any nther t�rms af the Loan.Such agre�m+ents w��not xn�rease the amoun#Borrower�viY� awe for ; ,N�ortga�� Insurance, and they w�izl not�nti��e Ba�ra�ver t�any refund. � ' � � � �L�� Any such �gr�ements will not affec�the rights Borrower has-if any-w�th respect to the Martgage �. � Yn�urance und�r tbe Hom��owner� Protectiaa Act of 199� or aay ather law.These r�ghts may in�Iu�d� th� i ; �ght to re�e�ve certa.in d�scl�sur�s, �o request and�bta�n�ancellation �f the Mor�gage Iasurance, tfl�av� � ; the IVl�rtgage Insurance terminaf�d aut�mat�ea�ly, andlor ta recei�re a�ef�nd of any Mor�gage Insurance f premium� that wer�un�araed at the tinae u�f such �ance�lation or termination. ; � � '1'I. A�signmen� of N1Rscellaneous Praeeeds; Forfeiture. AIl Misce�laneaus Proceeds aze here�y assigned �� i ; � and sha��be pa�d ta L�nd�r. ` ; Z�the Praperty ��amaged, suc�. MiseeXl�neous Praceeds shall be�ppiied t�restoratxon ar repair��`the Pr�perty, ; ; if th.e rest�rati�n or repair is economically feasibie and Lender's se�urity �s�.ot lessened. During such repa�r a�d � ' i r�storatian peri�d,L�nder sha11 have the right to hold such M7�ceYf�ne�us P�roc�eds unt�l Lender h�s had an ' �. app�r�unit� ta ins�ect such Property �o ensure t�ae wo�rk has been comp�eted ta L�nder's satisfa�ion, provided � tha�t such ins�e�t��n sha��b�undertaken prompt��. L�n.d�r may pay for�he r�pairs and restoratian �n a�ingie di��ursement or in a series af progress p�yments as the wark is�amp�eted. Uni�ss arl agreemen� �s ma�e in � � �uriting ar Appl�cab�e Law requires int�rest ta b�pa.id�n su�h Mis��I�aneous Proceeds, Le�d�r sh��not be ' requia�ed ta pay B�Yrow�r a�x�y �nteres� ar earnings an suc� Misc��ian�ous Proceeds. Zf�.a.e restarati��n �r repair is i n�t econamical�.y f�asible or Lender's securit�r wou�d�e�essened, the Miscellaneous Praceeds shall be applxed � to the sums se�ured by this S�curity Ins�rument, w�ether ar nat�hen due, with th�excess, if any,paid�o � ; � B�rrawer.Such Misce�laneous Prviceeds s�Zall be app�xed in the�rd�r pravided for in Sect'ron �. � � N�BRASK1�5ingie Famiiy-Fanni�MaelFreddie Mac UNI�ORM INSTRIlMENT Form 3fl28 1l01 : 1M��l � VMPS(IVE� �130�.�� 1Nalte�s F4uw�r Finand�!Servi�es Page 8 of�5 � ��D�lVE9��2�5�-�140�36 � . , � � ; � � •". � f •�r i j � � � -. I r I