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2� 17��724 con�inue to pay to Lend�r�he amount af�he separa�ely designated pa�men�s �hat were due when�he insurance cav�rage ceased to��in effec�. Lender w�l� accep�, use and r�tain�h�se paymen�s as a n�n-refundabl�loss reser�e�n�i�u of Mortgage�nsuran�e. Such�oss reser�e shall be nfln-refundabie, notwi�hstanding the fact that the Loan is u�t�mate��paid in full, and Lender shal� no��e r�quired�a pay Borrower any interest or earnings on such�oss reser�re. Lend�r can no longer require�oss reser�e payments if Mar��age Insuran��co�erage�in the amount and for�he p�r�od that Lender requires}prov�ded by an insurer se�ec�ed by L�nder aga�n be�omes a�a�lable, is obtained, and I.ender requires separat��y desi�na�ed payments�oward the premium.s f�r Mor�gage Insurance. �f Lender required Mor�gage Insurance as a candi�ion af making�he Loan and Borra�rer v�as required to mak�separa�ely designated pa�ments tov�ard the premium� far Mort�age Insurance, Borrovver sha�l pa��he prem�ums requ�red�a ma�n�ain N�ortgage Insuranc� in effec�, or to provide a non-refundable loss reserve, un�ii L,�nder's requ�remen�f�r Mor�gage Insurance�nds in ac�ordance w��h an� v�ri�ten agreemen�hetween Borr�wer and Lender providing for such tern�inati�n or until termination is requ�red by App��abie Lav�. Nothing in this Sectinn ��affec�s Borrower's❑b�iga��on�a�ay interes�a��he ra�e prov�ded in the Nat�. Mor�gage Insurance re�mburs�s Lender�or an�entity�hat purchases th�No�e} for certain Iosses it may �ncur �f Barrower does not repay the Loan as agreed. Borrower is no�a par�y to�he Mor�gage�nsurance. Mor��a�e insurers evaluate the�r to�a� ri�k an al� such insurance in force from�ime�n time, and may enter into agreements�v��h nther part�es that share�r madif��h��r r�sk, or reduce�osses. These agreements are on ��rms and conditians that are sa��sfac�ory t�the mor�gage insurer and the o�her par�y�or parties} �o these a�reemen�s, These a�reements ma� requi�re th�mor�gage insurer�o make pa�ment�us�n�any saurce o�f�nds that the m�r�ga�� nsurer may haue a�a�lab�e�whzch rna� �nc�ude funds obtain�� fram Mor�ga�e�nsurance premiums}. As a result of�hese agreements, Lender, any purchaser Qf the Note, another insurer, any reinsurer, any a�her �nt�t�r, �r an� affil�ate of any of�he f�regoing, may r��eive�direc��r indirec�ly} amoun�s that der�ve fr�m �or m�gh�be character��d as3 a por�ion of Borra�rer's paymen�s for Mor�gage�nsurance, in exchange for shar�ng or mndifying�he mar��age�nsurer'S r�5k, or reduc�ng losses. �f such agr�emen��r��ides tha�an affiliate of L.�nder takes a s��are of�he insurer's r�sk�n�xchan�e for a share of the pr�muums pa�d�� he insurer, the arrangement is �f�en�ermed "capt��e r�insurance." Furth�r: �a} An�such agreements w��not affect�he am�un�s tha�Borrawer ha�agreed to pay for Mor�gage Insurance, or any other��rnras of�he Loan. Such agreemen�s►wi��not increase�he amaunt Borr�wer vvi�l aw�for Mor��;age Insurance, and��ey wi�l no�en�itle Barrvwer to any refund. 4 b} An�such agreemen�s�v�il not aff�ct the righ�s Bvrrov�er has-if any-wi.�h re�sp�ct to the Mortgage Insurance under�he�Iom.e�wn�rs Pro�ect�on Ac�af 1998 or any o#her�aw. The�e rights may include the righ��a receive certain disciosur�s, �o reques�and obtain cance�lation of the Niortgage Insurance, �o ha�e�he Mor�gage Insurance�ern��nated au�oma�ic�lly, andlor to rece��e a refund of any Nior�gage Insuran�e premiu�s tha� ��ere unearned a�the time of such cance��ation�r term�nat�on. 7�. Assignment of �1llisce��aneous Prviceeds; Forfeiture. A1� N�isce��aneous Pr�ceeds are here�� assigned�o and sha�l be paid to Lender. �f�he Proper�y is damaged, such Misceilaneous Procee�.s shal�be appiied�o res�aration or repair of the Property, if�he restora�ion or repair is econom.ically feasible ar�d L.ender's se�urity �s nat lessened. Dur�ng such repair and res��ration per�od, Lender shal�ha�e the r�gh�to hald such Miscellaneous Procee�s until Lend�r has had an oppartun��y to �nspect such Prop�r��o ensure the wark has been com��e�ed�o Lender's N�SRASKA-Single�arr�ily-Fannie MaelFredciie Mac UNIFaRM INSTRUMENT �arm 3028�141 VMP Q VMP6�NEf[�302� Walters Kiuwer�in�r�cial Ser�ices Page 5 of 17