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2� 17��491 c�n�inue to pay to L,ender�he am�un�of the�e�arately designated paymen�s tha�were due when the insurance coverage ceased ta be in effec�. Lend�r wil� aecep�, use and re�ain these paymen�s as a non-refundabi��ss reser�e in�ieu of Mor�gage Insurarlc�. Such�oss reser�e sha�l be n�n-refundable, notwithstand�ng the fac�that the L�an is ultimate�y pazd in fu��, and I.�nder sha�� not be r�quired��pa� Borrov�er any �n�eres��r earnings on such�oss res�rve. Lender can na Ianger requir��oss r�serve pa�m.ents �f Mortgage�nsurance��verag��in the anlount and f�r�h�periad�hat L.ender requires}provided by an irisurer se�e�ted b�Lender aga�n bec�m�s avax�ab��, �s a�b�ained, and I.,ender requires s�para�e�y desxgnated payme�.ts�oward th�premuurx�s for N�or�gage�nsurance. If Lender requxred Mor�gage Insurance as a cond��xon af making�he Loan and Borrower was required ta mak�separa�e�y designated payn�.ent�toward the prem.iumrs f�r Mor�gage�nsurance, Borrawer s�.all pay�he premiums requir�d�o mainta�n Mor�gage �n�urance�n eff�ct, or to�ravide a nonwrefundab�e�oss reser�e, un�i� I.�end�r's requ�remen�for Mflrtgage �nsurance ends �n accordance with any v�ri�ten agre�ment�e�ween B�rrower and Lender pro�rid�ng far suc� �ermination or until termination�s required�y Applica�le Law. No�h�ng�n this Section ��affects Borrovver's a��i�a��on�o pa�interest at�he ra�e pro�vided in the Note. Mor�gage�nsurance re�mburses Lender(or any en�i�y tha�purchases�h.�Na�e} for cer�ain losses it may incur if Borrower da�s n�t r�pa��he Loan as agre�d. Borrower�s not a par�.�to th�Mar�gage�nsuranc�. Mor�gage insurers e�aluate their�ota� r�sk on a�� such�nsura�ce �n farce from time to t�me, and may en�er into agr�ernen�s�ri�h�ther par��es�ha�s�.are or�nod�fy their risk, or reduce losses. These agree�nen�s are on terms an.d conditi�ns�ha�are satisfac�ary to�he mortgage�nsurer and�he o�h�r par�� ar parties� tfl thes� agreements. These agr�ements may require th�martgage �nsurer�o�nake payments usxng any source of funds that the m�r�gage�nsurer ma�have ava��a��e�which�-nay include funds ob�a�ned from Mor�gage�nsurance premiums}. As a r�sult of these agreement�, Lender, any purchaser af the Not�, an�ther insurer, an� reinsurery any other ent�ty, or any affi�ia�e of an�of the f�regoing, may�eceiv� �direct�y or ind�rect��} amaun�s�ha�derive from �c�r rnight b�charac��r�zed as}a p�r�ion of Bvrrflwer's payments for Mor�gage�risurance, in e�c�ax�ge for shar�ng ar modif�ing the rnar�gage insurer's risk, ar r�du��ng losses. If such agreeme�.t prov�des that ar� af�l�at�of Lender takes a�hare of�he xnsurer'�risk in exchange for a share af�he prem�.um�s paid to the insurer, �he arrangemen�is aften�ermed "captive rexnsuran��." Fu�ther: {a} Any such agreemen�s wil�nat affe�t the arnounts that Borrower�as agreed to pay for Mortgage Insurance, or any€�ther terms af the Loan. Such�agreemen�s wi��not�ncrease the ar�ount Borrower vv��I aw�for Mnrtgage Insurance, and they vv��l not entitle B�rrower t�any refund. 4b� Any such agreements wi��not affect the r�ghts Bvrra�ver has�if any-w�th respect ta the �Vlor�gage Insuranc�under th��anr�e�wners Protect�on Ac�of 1995 or any other�aw. These r�ghts may include�he r�ght to recex�e certain disclasures, tfl reques�and obtain cance��ation of the Martgage Insurance, to ha�e the Martgage Insurance term�nated au�omatically, andlar tv receive a refund of a�y IVlor��age Insuran.�e prem�ums that were unearned at the time�f such �an��la��vn or�ern�ination. 7�. Ass�gnment of M�sce��aneous Pr��eeds; F�rfeiture. A�� Mxsceilaneous Proceeds are hereby assigned ta and sha�l be pa�d to I�ender. �f�he�'roperty�s damaged, suc�N��sce��aneous Proceeds shai�be applied�o res�ora�ion o�r repair of�he �'r�pert�r, �f�he res�arafiion or repair is e�onorn�.�i�a��y feas��ie and L�nder's secur�ty is not�essened. Dur�ng such repair and restora�ion�eri�d, Lender sha�i have�h�r�ght�o hold su�h M�sce��aneous Proceeds until Lend�r has�ad an opportuni�y t� inspect su�h Property�o ensure the w�rk has been c�mple�ed to L�nd�r's NE6#�ASKA-Sirtgle Fami�y-Fanr�ie MaelFreddie Mac UNIFQRM INSTf�UM�NT F�rm 3�28 11D1 VMP� VMPF{NE){i 3023 Walters Kiuwer Fir�ancia!Ser�ices Page 9�#17'