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� ��14��771 <br /> �on�inu� to pay t� Le���l�r the am�un� of th� separa�ely designated �a�ments t�at u�e�e du� when �h� <br /> insur�n�� �o�erage cease� to b� in effect, L�n�i�r v��l� acc�p�, use ai�d ��tai�1 these pa�m.en�s as a <br /> non-re�undabl� �oss ��eserv� in �ie� �f l�artgage �nsu�an��, Such �os� reserve slaall l�e non-refunclabl�, <br /> ��otwi�hs�anding the fa�t �ha� �he Laan is ultiinatel� paid in full, and Len�ier shall r�ot v� required to pa� . <br /> B��rou�er any int��est ar �arni�gs on s���h �oss r�s�rv�. Lencier can n� langer r��uir� loss r�s�r�re payments <br /> if M or�gag� Insurance c���rag.e �in �he amaunt anc� for t1�e pe���a� that L�nd��� r��uir�s} �rovid�� �y an <br /> iilsurer s�I�ct��l �y L�ticler again b�comes available, is o�tain�d, and L�n�le� x�qi�ii{�s sepaxat��� �lesignate� <br /> p�yinen�s t�w a��� xhe pr�miums for ��rtgage Ins��ranc�. If Lend�r ��q�xi�ed M�rtga�� Insuran�e as a <br /> condition of making �he Loan a�� Borro�re�+ was z�eq��ired to make s�parat�ly ��sig��a��d �a�me��ts tov�ard tlle <br /> pr�m iums fo� N�or�gage �nsur�nce, Barro�v er shall pay ��� prem ium s required to na a�r��ain M axtgage <br /> Znsurance iz� effe��, or to provid.e a non-refunda�le Ioss res���ve, until Lender's ��equi��men� far M ortgage <br /> Ins��r�nc� ends in ac�or�.�n�� �ith an� w ritt�n agt���m�nt�etw een B o�r��r er an�. L�nd�r pra v�d ing �o r suct� <br /> �e��niina�ion or until tet�mination is requi���d by Applic��I� Lav�, Nathing in �his S�cti�n 1� affects <br /> Borr�wer's o���gation ta �a� in��r�st at the xa�e �i�a�ic��d in t�e N�te, <br /> �I or�gag� Insu�a�a�e r�iml�urses Len�l�r �ox any �ntity tha�purchases �he Note} for ��t�tain l�sses it inay incut� <br /> if Borraw�r d��s not ��epay tl�e Loar� as agr�ed, Borrower is not � pa���� �o �h� M oz�tgag� rnsurance. <br /> M ar�gage insur��s evalua�� their tatal risk on al� su�h insurance �n for�� �rom ti�n� to tim�, and m�� et�t�r <br /> ir�to agre�m�nts with ath�r par�ics tl�a� share o�� modify th�ir ri�k, a� rec�uce losses, T���s� agre�ments �r� on <br /> ternl s an�� ��n�itio�as �hat a��e sa�isfa�tory �o th� m a��tgage�Ins.uz��r an�l the o�her pa��t� ��r pa��ti�s} to t�es� <br /> agz�ee:me�ts, Th�se agre��nen�s ma� ��q��ir� the mo��tigage insurer �a make pa�ments using an� s�urc� of�un�s <br /> that the mo��tgage insurer n��y hav� a�ai�a�le �which may inclucl� funds �bta���d froin M��tgage I.nsuranc� <br /> p�'em ium s}, <br /> As a resi�It af�hes�.agr�eme�ats, Leilder, any pu��ch�ser of t1�� Na��, ��a�ther insuxers �n� r�insu��ex, any oth�� <br /> en�ityy or any affi�iate of at�y of the foreg�i�ng, ma� rece��e �c�i�cctl� or in�lirec��y} amau��ts that d�r��� ft�om <br /> �or migh� �e �ha�act���i�e�i as} � portion �f Bot�rov�ei�'s pa�tn�nts far M oiitgag� Insuranc�, in �xchange f�r <br /> sha��ing ar mo��ifying ti�� ma�k�g�g� i�s��r�r's risk, ar reduci�g losses. I�such agr�ement pro���es t��at an <br /> a��iliate Qf Lenc�er tak�s a slaare of�he ins��t�ei�'s r�sk �n excl�ang� f�r a sha�e af tl�� prei��iu�ns paid to the <br /> �nsut�er, tt�e arrang etn ent is fl ft�n term e�l "�apt�ve r�insuran��," F ut�th�r; <br /> �ay Any su�h �greem�nts will not�`l���C� �h� �Il�OlxI1�:S ��l�l� �4rrow��� �aas agre�d to �aay fot� Mo��tga�e <br /> I�asuz'�IICEy 4Y� any othe�F ��t�ms o�the Loan, Sr��h ��gre�n�e�ats will r�ot xzacreas� the amoun� <br /> Borrowe�� wi�l flwe �a�� 11�ot�tgnge Y��st���atr�e, ��ad th�y wi�l �io� en���le Bor�ro��ve�� �o any reft�r�d� <br /> �b�. A��y snch agt�e�m er��s wili no� aFfee� the ��igh�s Ba��rower has - i� any � wit�i t�espect �� the <br /> Moz��g�t�e �nst�rataee und��� �he I3omeow�,ers Pz�otectiori �c� of �.��$ ot� ar�y o�her lawa These rig�.�s <br /> rr�ay i❑cZtxde ��ae right tio t�eceiv� cer�ax�� �isclasu��es, to ��equest ar�d au�az�� �ai�c�l�atio�x a�t�ae <br /> 1V�o��tgage T�a�u��ance, to have tl�� M ort��ge I�asux�axx�c �ern�rY�a�ed a��tori�a�rca�ly, .�nt�Cor to ��e�e�ve <br /> a ���fund a� any M ot�tgage ��»tzt�anc� pz��ni ium s �h�t� w���e u��ear�ned �� �lae �in�e of st�ch <br /> car�cellatia�� ox� ����zxa ira�tion� <br /> 1 �. Assignment �f �lisce[Ianeaus Praceeds, For�ei�ure. AlI M isc�llaneous Procee�ls az�� her��� assign��i to <br /> a�l�� shatl b� paid to Lender. <br /> zf the P�apet�ty is da�nage�, such M iscellaneous Proceeds shall be appli�d to ��es�ar�tion ar �ep�i�� of�he <br /> Property, if �he ���s����a�ian or re��ir is economi�a�ly feasi�I� anc� L�nd�r's security is not Iess�ned, During <br /> such ��epair an�. res�ora�ion perio�l, L�ta�ie� sliall have ttle ���gh� xo l�al�i s«cl� N��scel�aneo��s P��oceeds ��i�til <br /> L�n�l�i� has had an oppaz'�Ulll�� �0 1n5�7��t SllCh Pl�ope��ty t� ��s��r� t�le work l��s been �ompl�t�d to L�ntler's <br /> 2q��06727 <br /> N�B}�ASKA�Singl$�amily-�annie MaslFreddie Ma�UI�IFa�M INSTHUM�N7 Form 3D2� 3141 <br /> VI�P QQ VM P6(N�1��30�� <br /> 1Nalters 1Cluwer Finanefai Serviaes page 9 of 1 7 <br />