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2� 17��8�4 <br /> cont�nue�a pay ta L.ender the amoun�of�he separate�y designa�ed paymen�s that�vere du�when the <br /> insurance co�erage�eased to be�n effec�. L.,�nder wi�� accep�, use and reta�n�hese paym�ents as a <br /> n�n-refundable lflss reserve in l�eu�f Mor�gage�nsurance. Such �oss reserve shall�e non�refundab�e, <br /> n�tw�ths�anding�he fact tha��he L.�an is ult�mate�y paid �n full, and Lender shall no�be re�u�r�d�o pa� <br /> Borrower any �nter�st or earnings on such Ioss reser�e. Lender can na longer requ�re loss re�erve payments <br /> if Mort�age Insurance co�e�rage��n the amoun�and for�he period�ha� L.�nder requires}pro�ided by an <br /> �nsurer se�ected by Lender again becomes avai�able, �s abta�n�d, and Lender requires separately designa�ed <br /> pa�m�n�s taward�he premiums for Mortgag��nsurance. If Lender required Mortgag��nsurance as a <br /> cond��ian of making�he�...oarr and Borraw�r was requ�red�o make separately designate�pa�men�s taward�he <br /> premiums for Mar�gag��nsurance, Borrov�rer shal�pay�he prem�ums required to mainta�n Mor��age <br /> Insuranc�in effe��, or to provid�a non-refundable���s reser�re, untii I.ender's r�quir�ment for Mnr�gage <br /> �nsuranc�ends �n accordance vvith any v�rit�en agr�ement between Borrow�r and I.ender�r�viding f�r such <br /> terminat�on or un�i� termzna�ion is required b�Applicab�e Law, Noth�ng �n this Section �4 affects <br /> Borrov�rer's o�l�ga�ion�o pa� i�terest a�the rate pro�ided in the N�te. <br /> N�or��age Insurance r��m�urses Lender�or any ent�ty tha�purchases�he N��e} for cer�ain l�sses i�ma�incur <br /> if Borrov�rer does no�repa��he Loan as agreed. Borrower is no�a par�y�o the Mor�gage �nsurance. <br /> Mortgage�nsurers e�alua�e�heir tatal risk fln a11 such insurance in f�rc�fram t�me�o tim�, and n�ay en��r <br /> �n�o agre�ments v�rith�th�r par�ies that share or m�d�f�their risk, or reduce loss�s. These agr�ements are an <br /> terms and conditians t�a�ar�satisfactory�o the�nar�ga�e�nsurer and th�oth�r party (or par�ies} t�these <br /> agr�em�nts. These agreemen�s ma� requir�the mor�gage insurer to make pa�m�nts u�ing any source of funds <br /> �ha�the mor��ag� �nsurer may ha�e a�ax�ab�e�w�ich rnay inc�ude funds�bta�ned frorn Mor�gage�nsurance <br /> pr�miums}. <br /> As a r�su�t�f�hese agreemen�s, Lender, any purchaser of�he No�e, ano�h�r insurer, any re�nsurer, any other <br /> enti��, or an�r aff�l�a�e of any�f the for�going, may rec�i�re�dire��l}�or indirec�ly} amoun�s that der�v�from <br /> ��r might�e�haracter�zed as3 a partion of Barrower's pa�m�nts for Mortgage �nsurance, �n exc�ange for <br /> sharing or modify�ng the mortga�e insur�r's r�sk, or reducing loss�s. �f suGh a�reement pro�ides that an <br /> aff���ate of Lender takes a share of the insurer's r�sk �n exchange for a share of the prem�ums paid�o�he <br /> �nsurers th�arran�ement is of�en termed "capt�ve re�nsurance." Furt�er: <br /> �a� Any such agre�naen�s will no#.affect�he amounts that Borro��er has agre�d ta pay f�r 1Vlortgage <br /> Insurance, or any o�her terms of the Laan. Such agreemen�s wxi�not increase the am�unt <br /> Borro�ver vc�ill awe for N�ortgag�Insurance, and they w�l� no�en#i�l�Borro��er�v any refund. <br /> €b� Any such agreements v�����not affect the r�ghts Barrov�er has -if any w w�th respe��to�he <br /> Mortgage Insurance und�r fhe I�omeowners Pro�ec�ion Act of 1995 or any fl��x�r law. These rights <br /> may include the righ��o rece��e�ertain disclosures, t�request and nbfain cance��at�on vf the <br /> Mortgage Insurance, to have the N�ortgage Insu�•ance termina�ed automatically, andlor to recei�e <br /> a refun��f��y Mur�����I����xr���c���•e��x�u���s�l�a�we�•e un�a�•ned at the�ime of such <br /> cance�lation or ternr��na��on. <br /> ��. Assignment of �l�isce�laneaus Procee�s� �orfeiture. A�� Nliscellaneous Pr�ceeds are he�-eb�ass�gned to <br /> and sha�l be pa�d to Lender. <br /> If the Propert}� is damag�d, such N��scellaneous Proceeds sha�i be app�ied�o restaration ar r�pair of the <br /> Prop�rty, �f�he res�orati�n or repair is economi.call� feasib�e and Lender's secur�ty is na��e�sened. Durxng <br /> such repair and restorat�on period, Lender sha�l ha�e�he righ��o ho�d such Misc���aneaus Proceeds until <br /> Lender has had an opportun�ty to�nspect suGh Prop�r�y to�nsure th�wark has been com�.p�eted t� Lender's <br /> NEBRASKA-5ingfe�arr�ily-�annie Mael�reddie Mac UNIFORM INSTRUMENT Fvrm 3028 1!�'� <br /> VMP[� VMP�{NE;{13p2} <br /> Vllvtters Kl�wer Financiai Ser�ices Pag�9 of'#7 <br />