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��14��5�� <br /> lnsuranc�preWious��� ��� e��ec�, a� a cost substa��tia�ly e�u���a��nti t� the cos�to Bc��rro���er of th� Mort�a�� Insu�•ar�ce <br /> prev i o��s i y i n effec�, fram an alfe�-na�e mort�age i��surer s�lect�d by L�ender. I f substai����.11y e�ui�a�en� 11�ort�age <br /> insul-anc�cavera��is z��t ati•ai�able, Sorro���er shall con�inue to pav�o L�nder���e amaun�of the sepa�-a�ely des����ate� <br /> p�}�ments���at v�rere due�����en th�i��s��ra��c�c:avera�;�ceased to�e in effe�t. I.,e��der will aGce�t, use and retain these <br /> pay�nen�s a�a non-ref�.mdable loss reser��e in lieu o�`M�r�ba�e Insurance. Such �oss res�rve sha1�be nop-r�fundable, <br /> pat��i���s�andi���,th�f�c��hat�h�I.�flan�s ulti�nat���pa�d in f��l�, a��d[.��nder sh��i no�be.reyui�•ed to pay BarrU�ve.r any <br /> �z�teres#a�'earnin�s�n ��tc�l��oss res�r�e. �.��pde.r can na�ong�r r�c�uir�loss reser�e payn�en�� if Mor��a�e insurance <br /> co�r�ra�e�in th� a�r�o��nt �pd for the peri�d ���a� Lender r�qu�res� p1-���id�d b� ai� insure�- se�ec�ed b�� Lend�r a�ai�� <br /> �ecameS available, is ob�aiT�ed, and I.�ender requir�� sepa�•a����� desi�nated paym�n�s �ou�ard t�ae premiun�s for <br /> Mort�;a�e ���surar�ce. �f Lender r�c�ui�•ed N�a�•��;a��Ins��ra��ce as a ca��di�io�� o�'makin�t��e Loar� and Borrawer��as <br /> �•equired�o n�ak�e�epa�-a�el��desig�at�d paym�nts�o��vard t��p�-em�u.ms far-M.ort�age I��surar�ce, �ar�-ati�ver shal� pay <br /> �he pre�niu�r�s r�yu�i�-ed�o ma.in�ai�� M��r�ba�� Insurance in �ffect, ar to pY-o��ide a non-re�'ur�c�able loss�-es��•�e, u��til <br /> Lender's requirernent for N[ar��a�e I��s�.irar�ce ends iza accordan.ce��ith any v�r�t�en�gree�n ent be�w�en�orr�«�er and <br /> T.�ender �rav�dinb fo.r s�tc���ermina�iQn �I- u���i� t�rmipa��an �s reauired by.Applicable Lav��. Nothin� i��t��is Sectian <br /> �� aff�cts�3orra��er's�bli�atia�� to pay i��teresf a��he�•a�e prowi�ded in t��N�te. <br /> Mart�a�� Insurax�ce �-ei�nburses Lender (ar any et��it�� tl�at purGha�es��ze N�t�� for cer�ain la���s i� �nay incur <br /> i f�3or�-ov��r does t�ot re�3ay�he L�aan as a�reed. Bor.roti�ver i s��ot a par��to t��e M o.r��;aae �ns��ral�ce. <br /> M�r��a�;e insur�rs e�aluate���eir ta�al risk c�n all Such ir�surar�ce in force from tii��e�o�ime, and mav en��r�nta <br /> a�;ree�nent�v��ith oth��- ��a�-�ies�ha�share ar madi#��their risk, o�• �•educe�asses. T��ese ag�-ee�n�nts a�-e�n t�rms and <br /> �ondi���ns �hat are�a�isfa�:�ary ta �he mortba�e insure.r a��d �he oth�r par�.y �or par�ie5��� �hese�.��re�rnents. These <br /> a�;ree���nts ma�require����mo�-tba�e iz�s�.�rer�o make p�.ymen�� usin�an� saurce af fi�n.ds�hat��e�nortbagz i�7surer <br /> ma}� na�e a��a�l�ble��rhic���may iz�clude fu.nds ob�ained f�am Martga�e Insu.ra��ce p.remiurns�. <br /> A� a i-esul�of th�s� agree��ents, I.�ender, any pureh�.�e�-af th�N�te, anc.����er insurer, an�f reii�surer, any c�t��er <br /> enti�y, or ai7y aff lia�e�f a��y of�he fore�a�n�, may receive(dire��lv�r indirectly}amou7�ts that deriW�from�or mi�h� <br /> �e chara���r-i7�d as}a portiola of Borrov�er's pay�r�ents far�►�[art�a�e Insura��ce, in exchan�e for sha�-in�or mod�t��ing <br /> the mar��a�e insurer's risk, ar reduciX��; losses. �f such a�reem����provides tha�an aff�ia�e ��f Lender�akes a sha�-e <br /> of the i��surer's�•isk in exc��ata�e for a share af th�prerniums paid �� the insur��r, the arra��bemen�is afte� �ermed <br /> "�:aptive reinsurance." Fur�her: <br /> �a} Any su�h a�reemen�s will not a.ffect th� amoun�s �ha� Borrovv�r has agreed �a pa� f�r Mortgage <br /> lnsurance, or any a�her�err�s of the Loan. Su�h �greement� wiil not incr�ase�he amount S�rrvw�er wil� o�v+e <br /> for 1V#ortgage �nsu�ar��e, and th��wi�� not en#it�e �3or�-����r t� any� �-efund. <br /> �b� Any �uch a��-�ement�w��l not a�fect the righ�s Barrovver�as - if any - w�th respect tU�he Ni.or-�ga�e <br /> insurance u�n�der the Homeowner� Pro�ec�ion Ac��f��99�or an�r other�aw. Th�se rig,�t�may�nc�ude the righ� <br /> �o r��e���e cer�ain di�cl�sures, �o request ant� ��tain canc�ilation af �he Mvr#ga�e Insurance, �o have the <br /> MUrtga�e��a�urance�ermina�ed autUmati�ally, andf�r to recei�e a refun€�of any N�or#gage i.nsuranee premiums <br /> �hat were un�arned af the�ime of such cancellation ar�erminatian. <br /> ��. Assignment of N�is�ella��er�us Pro�eeds; Fa�-f���ure. Al� M isce�laneous Proceeds ar����reb��assi�n�d�o <br /> and sh�.11 be p�.id tQ Lend�r. <br /> I�'t��e P�-oper��f is dama�ed,such h�iisce]lane��us Proce�c�s�hall�e applied�o re��oratian or�•epair ofthe P�•ope�•ty, <br /> i�`the res�oratian o�•repa�r is ec�nom�cal�y fea�i��le and 1��nd�r's secu.ri�y is na� lessene�. �uri��� such repair and <br /> �•es�ora�ior� period, I.�en�i�r s�aa�l ha�e �he �-ig��t �o ��old ��ach �iscel�aneaus P�•o�eeds ul�til Lencler has had an <br /> oppartuni�y �a insp�c� such F�•oper�y to ensu�-e����va��has be���cornpl�ted t� L.ender's satisfactian, p�•ovided that <br /> suc}��nspec�ion sha��be und�i-take��promptl��. I�ender n�a�pay for the repairs a��d restora�iax�in a single disbursemen� <br /> �r in a s�ries af pr�bre�s pa���ents as the v�ork is camp�e�ed. Unl�ss an a�r�ement is�nade in ���r��in�or App�icabl� <br /> i.aa�v re�uires����eresf to be pa�d�n s�.ic�� Miscellaneous Pr�ceed�, I�ez�der•shall ��o�be requir�d tc�pay�3arrower any <br /> interes� ar ea.r��in�s on such M�is�e�laneou5 P�-oc�eds. If the �-e�tarafia�� �r repair is ��at e�on���n�catly f�asib�e or <br /> I�ender's security v�rould be lesser�ec�,���e Misce�laY�eau�Pro�ee�s shall be applied to the sums secured by this Secu�-�ty <br /> II7S�i-u�neY�t, �r��ether o�-nat then due, �vit�� the excess, if an��, pa�d t� Borrow�er. Such Miscellan�ous P�•oceeds shail. <br /> be applied in the order pra�ided far ir� Sec�ion 2. <br /> NEBRASKA--Single Family--Fannie MaelFreddie Mac LJNIFORM INSTRUMENT - MERS a�c1�lag�c ,. . , <br /> Form 3D28 11�1 Page 8 of �5 www.do�magie.co�rr <br /> . . <br />