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2� 17�� 148 <br /> con�inue to pay�o L.�nder�he amoun�of�he separa���y des�gna�ed pa�men��that vvere due�vhen the <br /> insuranc�cov�rage ceased�a be in effec�. L.�nder wi�I accept, us�and reta�n these payments as a <br /> non�refundab�e l�ss reser�ve in�ieu af Mor�gage�nsurance. Such�o�� reser�e sha�l be non-refunda�Ie, <br /> n�twithstand�n�the fac�that�he Laan is ul��mate�y paid�n fuil, and Lend�r sha��not be required�a pay <br /> Borrav�r�r any in�erest or earn�ng�on su�h loss res�rve. L.end�r can no l�nger re�uire��ss res�r�e paymen�s <br /> if N��r�gage�nsuranc�caverage tin the am�un�an�i f�r the�er�od�hat Lender re�uires}pro��ded by an <br /> insurer s�lec�ed by Lender again became� a�a�lab�e, is obta�ned, and L�nder requires separa�e�y designated <br /> payments toward the prem�ums for N��rtgag� �nsurance. If Le�ader requir��. Mortgage Insurance as a <br /> condi��on�f making�he Loan and Barrower vvas requ�red��make separately designa�ed paym.ents tovvard the <br /> premiun�s for Mor�gage�nsurance, Borro�uer sha��pay the prem�ums requ�red�o maintain Mor�gage <br /> �nsura.�.c��n eff�ct, or�o provxde a non-refundab�e Ioss r�serve, unti� Lender's requirem�en�for Mar�gage <br /> �nsuranc��nds in a���rdance v�rz�h an�wr�t�en agreem.en�be�ween Borrower and Lender pro��ding for such <br /> �ermination ar unti�terminat�on�s r�quxred b�r Appl�cabie Law. No�hing in�h�s �e�tian l.0 affects <br /> Barr��ver's obl�ga�ion t�pay in��rest at�he ra�e prov�ded in the No�e. <br /> Mor�gage�nsurance re��nlaurses Lender�or an��n�ity�ha�purchases�h.e Note} for certain losses ��may incur <br /> �f Borr�wer does no�r�pay�he Loan as agree�. Barrower�s nof a paz-�y�o the N�or�gage�nsura�ce. <br /> M�rtgage�nsurers e�alua�e their�o�a� risk on all such insurance�n force frorn.���me t�time, and ma�en�er <br /> in�o agreements w�th o�her parties that share ar mod�fy�heir r�sk, �r reduce losses. Thes�agreemen�s are�n <br /> �erms and c�nd���ons that are satisfactory�o the mor�gage insurer and�he other par�y�or par�ies�to��ese <br /> agreements. Thes�agree�rnen�s naa�r requ�re�he mor�gage�nsur�r to make payments us�ng any saurce of funds <br /> tha��he rnor�gage�nsurer may haWe ava��ab�e �v�h�ch may�nc�ud�funds ob�ained from Mor�gage�nsuran.ce <br /> premiums}. <br /> As a resu�t af fihese agreemen�s, Lender, any purchaser of the No�e, ano�her insurer, an�r reinsurer, any other <br /> ent��y, or an�af���ate of any of�h�far�go�ng, may receive �d�rec�l�ar�nd�re����r} amaunts t�at der�ve from <br /> ��r might be charac�er�zed as� a par�iQn of B�rro�ver'�pa�men�s for N�or�gag��nsurance, ��exchange for <br /> sharing�r mod�f�in��he n�.or�ga�e�nsurer's risk, o�r reduc�ng losses. �f such agreem�n�provid�s tha�an <br /> aff�l�a��of I.ender�akes a share of the�nsurer's r�sk in exchange for a share of the prenruum�paid ta the <br /> �nsur�r, the arrang�ment is �f�en t�rmed "captive re�nsurance." Fur�her: <br /> t a� Any such agreements w���not affect the axnounts that Borrawer has agreed to pay for Mortgage <br /> In�urancei or any c�ther terms of the L�an. Such agr�ements will not�ncrease the amou�t <br /> Borrower►wili �we f�r Niar�gage Insurance, and they wi��not en�itle Barrower to any refund. <br /> �b� Any�uch agrQenzents will not aff�ct the r�ghts Barrower ha5 -�f any-�w�th respect to the <br /> Mor�gage Insurance un.der the Homeowners Pro�ectian Act of 1995 or any other�aw. These rights <br /> may inciude t�e righ��a rece�ve certa�n disc�vsures, ta request and o��a�n cance��ation af the <br /> Mortgage Insurance, to ha�e t�e Mor�gage Insurance terminated autom�.atica��y, andlor tv�recexve <br /> a refund vf any Mortgage Insurance prem�ums�hat were unearned at the t�me of such <br /> cance��atxon or�erm�nat�on. <br /> '�'i. Assignm�nt nf Misce��aneous Prviceeds; F�rfeiture. A�1 M�sce�laneous Proceec�s are hereby ass�gned to <br /> and s�a��be paid�� I.�nder. <br /> �f the Pr�per�y is damageds such Miscellaneous�raceeds s�al�be ap��ied�o restora��on or repaxr of th� <br /> Proper��, �f�he res��ra�ion ar repair is ecanv�m��a�ly feasibl�and Lender's s�curity is not l�ssened. During <br /> such repa�r a�r�d restoratior��erxod, I.er�der shall hav��he r�ght to hold such Miscellan�ous Proc�eds untii <br /> Lender has had an appor�unit��o�nspect such�'roper�y to ensure the work has b�en cample�ed�o Lender's <br /> NEBRASKA-Singte Family-Far�nie MaelFreddie Mac L1NlFQRM 1NSTRUM�NT �orm 3�25�141 <br /> VMP(] VMPE�N�)�13�2f <br /> Wa#ters Kiuwer Financial 5er�ices Page 9 v#"i 7 <br />