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2� 1 ��7751 <br /> con�inu��o pay to Lender the am�unt of the s�parat�i�designa�ed payments�ha�were du�when the <br /> i�.surance coverage ceased ta be�n effeC�. L�nder w��l accept, use and �etain��ese paymen�s as a <br /> non-refundable loss re�er�e�n�ieu of Marfiga�e�nsurance. Such�oss reserve sha�I be non-refundable, <br /> natw�ths�and�ng the fac�tha�th� Loan is ul��ma��iy paxd �n fu��, and L,ender sha�i no�be required to pay <br /> B�rrower any interes��r�arn�ngs on such�oss reser�e. Ifend�r can no �onger require loss reserve�aym�en�s <br /> if Mor�gage Ynsurance coverage�in the amount and for the per�od that Lender requires} provided by an <br /> insurer se�ect�d by Lender again bec�mes ava�lable, is�bta�ned, and Lender requ�res separateiy des�gna��d <br /> pa�men�s�oward the pr�miums far Mor�gage Insurance. �f L�nder required M�rtgage�nsurance as a <br /> condi�ion nf mak�ng�he Lnan and Barrower was requ�r��i to make separately des�gnated pa�rmen�s ttiv�ard the <br /> premiums far Mar�gage�nsurance, Borrovwer shal�pay the pr�miums requ�red��ma�n�ain Mortgage <br /> �n�urance �n effect, or�o provide a nan-refundabie�oss reserve, unti� Lender's requiremen� for Mor�gage <br /> �nsurance�nds in accordar�ce with an�wr�tten agreement be�ween Borrawer and Lender pro�viding fQr such <br /> termination or unt�1 termina�ion is requ�red b�Applicab�e Law. Nathing�n�his S�ct��n ��affec�s <br /> Borrower's ob��gatian to�ay �n�eres�a�the rate pro�ided in the Nate. <br /> Mor�gage Insurance reimburses L�nder�or any�ntity tha�purchases�he Note} for certain lasses �t may incur <br /> if Borrovver dnes nat repa� the Loan as agreed. B�rr�w�r�s no�a par�y�a fhe Mortgag� �nsuran�e. <br /> Mortga�e insurers evalua�e their�atal rxsk an a�l such insurance�n forc�fr�m time�o time, and may en�er <br /> �nto agreements �v�th o�her parti�s that shar�or mod�f�r their risk, ar redu�e�osses. Thes�agre�ments are on <br /> terms and candi�ions�ha�are sa��sfactary�a the mor�ga�e insurer and�h�o�her paxrt� �or par�ies� t� thes� <br /> a�reements. These agreemen�s may require the mor�gage �nsurer to make pa�ment�using an� source of funds <br /> that th�m�rtgage �nsurer may ha�e a�aiiab�e�wh�ch may �nc�ude funds obtai�ed from Mar�gage Insurance <br /> premiums}. <br /> As a resul�of�hese agreements, Lender, any purchaser of the Na�e, arlother in�ur�r, any r�insurer, any other <br /> ent�t�, or any affilia�e of any of�he for�going, may rec�x�e�direc��y ar indire�tly} amoun�s that deri�e from <br /> �or m�ght be characterized as� a portion�f Borra�v�r's pa�ments for Mflr�gag��nsuranc�, in exchange for <br /> sharing or mod�fy�ng �he mor�gage �nsur�r's risk, or reduc�ng losses. Zf su�h agreement pravides that an <br /> af�l�ate of Lender tak�s a share of�he�nsurer's ris�in e�.change for a share vf the�rem�ums pa�d to�he <br /> znsurer, the arrangemen��s often��rmed "�ap��ve r�insurance." Further; <br /> �a3 Any such agreements w���not affect the amoun�s that Borrower has agreed to pay far 1VIox-�gage <br /> Insurance, or any ather terms of the Loan. Such agreement�wil�nnt increase�he amount <br /> Barrower wi�l owe for Mor�gage Insurance, and th�y w���no�ent�t�e Borrawer to any refund. <br /> �b� Any such agreexnen�s w�l�nat affect�he r�ghts Borrower ha�-if any-wi�h respect�a the <br /> Mortgage Insurance under the Homeowners Protect�o�Act af 1998 or any ather�aw. These r�ghts <br /> may�nc�ude th�right to recei�e certain d��closures, to r�que�t and obta�n cancel�atian of the <br /> 1Vlor�gage Insurance, �o ha�e the Martgage Insurance terminated automatically, andlor to recei�� <br /> a refund of any Mortgage Insuran�Q premium5 that were unearn�d at the time oF such <br /> cancel�a�ion ar�ermxnat�on. <br /> �7. Assignment of Miscellanevus Praceeds; Fo�feiture. Ali Misce��aneous Pr�ceeds are hereby ass�gned to <br /> and shall �e paid to I,�nder. <br /> If the Proper�y�s damaged, such M�sce��aneous Proceeds sha��be appl�ed ta restorat�on or repair of�he <br /> Proper�y, if the restara�ion ar r�pa�r is economica��y f�asible and Lender's securit� �s nat �essened. During <br /> such repair and restoration per�od, Lender shail have�he r�ght to hold such Mis�ellaneous Proceeds un�il <br /> Lender has had an appartuni��to inspect such Prapez-��to ensure the work has be�n comple�ed�o Lender's <br /> NEBRASKA-5ingle Fam31y-�anr�ie MaelFreddie Mac UNIFqRM tNSTRUMENT Fvrm 3�28�1�1 <br /> VMP p VMPB�NEf�13Q2f <br /> Wolters Kluwer Financia�Ser�ices Pag�9 ot�7 <br />