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201202�6� <br />f�ll\' a1110Urit5 (�IShUI'St(� h�' I,t;ri(IeT UTl(�eC flll5 Section 9 shall become ad�litional aebt of Borra�ver secured b�• <br />this Securiri� Instrument. "Chese amounts sh�ll bear interest �t the Note rate from the date of disbursemenl <br />�nd shall be pa��able, ���ith such interest, upon notice from I,ender to Borro�i�er requesting par�inent. <br />If this Security Instrument is on � leasehold, Borro���er shall a�mpl}• ���ith all the provisions of the lease. If <br />Borro��er acquires fee title to the Prapert��, the leasehold and the fee title shall not merge unless Lender <br />�grees to the merger in �a�riting. <br />10. Mortgage Insurance. If Lender required Mortgage Insurance as a conclition of making the Loan, Borro��er <br />shall pa�� the premiwns required to maintain the Mortgage Insurance in effect If, for any reason, the <br />Mortgage Insurance coverage required by Lender ceases to be a��ailable from the martgage insurer that <br />prc��iously provided such insurance and Borro�ver ��as required to uiake separately designated payments <br />to��<�rd Qie premiiuns fi�r Mortg�ge Instuance, Borrowcr sh�il pa,y thi premituns requirea to obtain co�•er�ge <br />substantially equivalent to the Mortgage Insurance pre��iousl�� in effect, at a cost substantially equivalent to <br />the �ost to Borrower of the Mortg<ige Insurance pre��ic�ush in effect, from an alternate mortgage inst�rer <br />selected by Len�ler. If substantially equivalent Mortgage Ins«rance coverage is not a��ailable, Borrower shall <br />continue to pa� to Lender the �mount of the separatel�� designated payments thlt ��•ere due �vhen d1e <br />insurvlce co��erage ceased to be in el�fect. Lender �vill �iccept, use and ret�in these payments �s � <br />non-ret�un��ble loss reser��e in lieu of Mortgage Ins«ranec. Such loss reser��e shall be non-refund�ble, <br />nohcithstanding the fact that the Loan is ultimately paid in full, �md Lender shall not be required to pa�� <br />}3urro�cer an� interest or earnings on such loss reserve. I.ender can no longer require loss reserve pa��ments <br />if Mortgage Insurance co��erage (in the amount and for the period that Lender requires) pro��ided b}• �n <br />insurer selected by Lender again becomes avail�ble, is obtaineJ, an�l Lender requires separately designated <br />pa�'ments to�� ard the preuii�uns Yor Mortgnge Insurance. If Lender required Mortgage Insurance as a <br />ccmdition of making the Loan and Borrower was required to m�ke separately designated payments to���ard the <br />premiwns for Mortgage Insur�nce, Borrower shall pa�� the premiwns required to maintain Mortgage <br />Insurance in effect, or to pro�•iae a non-refundable loss reserve, until Lender' s requirement for Mortgage <br />Insurance ends in accordance ��•ith am� «ritten agreentent bet���een Borrower and Len�ler pro��iding Yor such <br />termination or until termination is required by Applicable La��. Nothing in this Section 10 affects <br />Borro��er's obligation to pay interest at the rate pro��ideci in Qie Note. <br />Mortgage lnsurance reimburses Lender (or any� entih• thut purchases the Notc) for certain losses it may incur <br />if }3orro��er does not repay the Loan as agree�l. Borro��er is not a parn� to the Mortgage Insurance. <br />Mortgagc insurers evaluate their tot�l risk on all such insurance in force from time to time, and ma,y enter <br />into �greements ��=ith other parties that share or modif� their risk, or reduce losses. These agreements are on <br />tenns and conditions thlt are k�tisf�ctory to the mortgage insurer and the other part�� (or parties) to these <br />agreements. These agreements may require the uiortgage insurer to make pa��ments using any sot�rce of funds <br />lliat the martgage instuer may have available (which may include fiinds obtained froui Mortgage Insurance <br />�)T C1111Uri1S}, <br />As a result of these agreement,, Lender, uny pur�haser of the Note, anotller insurer, any reinsurer, am ather <br />entitv, or any afiiliate of am� ot� the foregoing, may receive (directl}• or indirectly} amounts that deri��e tram <br />(or might be characterized as) a portion of Borro�er's payntents Yor Mortgage Insurance, in esch�nge for <br />sharing or modiY�•ing the mortgage insurer' s risk, or reducing losses. If sudl agreement pro��ides that an <br />afliliate of Len�ler takes a share oi' the insurer' s risk in e�change Yi�r a sh�re of the premiwns paid to the <br />insurer, the arrangement is otten tennea "captive reinsurance." Further: <br />001122994618 Cftibank 3.2.55.07 V 1 <br />NEBRASKA-Single Family-Fannie Mae/Fretltlie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 1/01 <br />VMP a VMP6A(NE� (1105).00 <br />Wolters Kluwer Flnancial Services Page 9 of 17 <br />