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2� 1 ��74�9 <br /> c�nt�nue to pay to Lend�r�he amount flf the separa��ly des�gna�ed paymen�s that wer�due when the <br /> insurance c��erage ceas�d�o be in effe�t. Lender wi�1 a�cep�, use and re�ain these payments as a <br /> non-refunda�b��loss res�rve in lieu of Mor�gage �nsurance. Such�o�s reser�e�ha�� be non-r�fundab�e, <br /> natw�thstanding the fact�ha��h� Loan�s ultimatel�pa�d in fu�I, and Lender sha�t no�be required to pay <br /> B�rrUwer a��y i��t�re��v��ca���i���� u��5uuli Ius� res�r��. L.�������ca���1� ���g�r re�u�r��oss r���rv�payrr���ts <br /> if N�or�gag�Insurance cfl�erag��in the amount and for�he period�ha� L.end�r requir�s}pr�v�ded by an <br /> insurer�elected by Lender again becomes available, is�b�ained, and Lender re�uir�s separately des�gna�ed <br /> pa�men�s t�v�rard the premium� for Mar�gage�nsuranc�. �f Lender required 1V�artgage�nsurance as a <br /> ��nditi�n of mak�ng the Loan and Bnrr�wer was required�n mak�separateiy designa�ed payments toward�he <br /> pr�m�ums for Mortgage�nsurance, Borrower shali pay�he premiums required�a main�ain Mor�gage <br /> Insurance�n effect, or to provide a nonWrefundabl�loss rese�r-�re, until Lender's requir�ment for N�ortgage <br /> �nsurance ends �n accordance�vith an}�wri��en agreemen�between Borrovver and Lender pro�id�ng far such <br /> terminati�n or un��l �erm�na�ion is requ�red by App�icable Lav�. No�h�n� in this Sec�ion �� affec�s <br /> Borro�ver's o�ligat�on t�pa� interest a��h�ra�e pra�ided �n�he No�e. <br /> N�or�gage Insurance re�mburses Lender�or an� ent�ty tha�purchases the No�e} for c�r�a�n losses it ma� �ncur <br /> if Borravver does no�r�pay the Loan as agreed. Barrourer�s n�t a party�o the Martgage�nsuran�e. <br /> Mor�ga�e �nsurers e�alua�e��.e�r total risk on a�� such �nsurance �n force fr�m��me to time, and may�nter <br /> �nto agree�m.�n�s w�th other par�ies tha�share or mod�fy their risk, �r reduc��ass�s. Th�se agreemen�s are on <br /> t�rms and condit�ons that are sa�isfac�ory ta�he mor�ga���nsurer and �he�ther�arty �or parties} to these <br /> agr��ments. These agr�ernen�s may require th�mortgage�nsurer�a make pa�rments usin�an� source of funds <br /> that�h�mor��a�e insurer may ha�e a�railable�which n�ay inc�ud�funds obta�ned from M�r�gage�nsurance <br /> pr�miums}. <br /> As a resu�t of these agreem�nts, Lend�r, an}�purchaser of�he Note, anfl�her insurer, any re�nsurer, any o�her <br /> enti��, or any aff�Iiate of any of the foreg�in�, ma}� recei�e�direc��y or ind�rectly} amaun�s �hat d�ri�e from <br /> �or migh�be�haracter�zed a�} a por�ion af�orrovver's paymen�s for Mor�gage�nsurance, �n exchange far <br /> sharing or modify�n�the mortga�e insurer's r�sk, or r�duc�n� l�sses. If such agre�men�prov�d�s tha�an <br /> a��f�l�a���f Lender takes a share of the�nsur�r's risk in�xchan��f�r a shar�of the premiu�ns pa�d to the <br /> insurer, th�arrangement is af�en�ermed "cap�i��re�nsurance." Fur�her; <br /> {a� Any such agreem�nts wi�l no�affec��he amnun�s#hat Sorro��ver has agreed to�ay far Mor#ga�e <br /> Insurances or any o�her ferms of the Loan. Such agr��ments wi�l no# increase the amvun� <br /> Sorro��ver��vi�����ve for Mor�gage Insurance, and they��v��l not en����e Barrav�rer ta any refund. <br /> t h� Any such agr�em�n�s ►wil� no�affec��he rights Borrower has -if any �wi�h respect�o the <br /> M�r�ga�e Insurance under�h�I�ome�wners Pro�ect�on A�t of 1998 or any other�aw. These r�gh�� <br /> xnay �nciud��he righ�ta recei�e cer�ain disciasures, to reques�.and ob�ain canCe��a�ion of thc <br /> - Mor�gage Insurances �a have�he�Vlortgage Insurance�ernr��na�ed aut�ma��cal�y, andlor to recei�e <br /> a refund of any Mor�gage Insuran�e pren��ums�hat were un�arned a��he time oF 5uch <br /> can�ellafii�n or term�na�ion. <br /> ��t. Ass�gnment af Misceilaneaus Praceeds; Farfe�ture. Aii Misc�ilaneous Proc�eds are h�reb}�ass�gned to <br /> and sha�1 be pa�d�a Lender. <br /> �f�he Praper�y �s damaged, such Misc��lan�ous Proceeds ��a�l be applied tn res�orat�on�r repair of�he <br /> Praperty, if the res�orat�an or repa�r�s ec�nom��a��y feasib�e and Lend�r's security is no��essened. During <br /> such repair and restora��on period, L,�nder sha�� ha�re�he right�o hold such Miscellaneous Proc�eds un�i� <br /> L�ender has had an oppor�uni�y tn insp�c�such Pr�per�� ta ensure the wark ha�been c�mpleted to I.�nd�r's <br /> NEBRASKA-5ingle�arnily-�anni�MaelFreddie Mac UN#FaRM�NSTRE�MENT Farm 3�28�101 <br /> VMP� VMPfi{NE)t13fl2� <br /> Woiters Kl�wer�ir�ancial 5er�ic�s Page 9 of 17 <br />