.
<br /> , ��14�1954
<br /> vi 'WBCD L�A� � 5�4���95�
<br /> sQE��ed by Lend�r.If substantial[y e�ui►ralen�f�c�rtga�e Insuran�e�overage is not avai�a�le,Qarro�r�r sha[I
<br /> continue�a pay ta Lender the amount of�he s�parateiy designated payments that v�ere due�then th�
<br /> insu�an�e c�v�erage ceased t�b�in ef�ct. Lend�r�n►il�a�ce�at,use ant�reta�n�hese paym�nts as a n�n-
<br /> refundak�le ��ss reserv� �n Eieu of Mortga�� �nsurance. Such Ioss reserv� shail k�� non-refundabie�
<br /> natwithstand�n�the fact that the Loan Es uitimat�iy pa�d in fuil, and Lend�r sha�l nvt b�require��o pay
<br /> B�rrawer any inte�es�vr�arnings on such I�ss r��rve.Lend�r can na l�nger requ�re�ass reser��payments
<br /> �f M�rtgag�Insurance co�rerage �n the am�unt and fvr�he per[od that L�nder requir�s� pr�vided by an
<br /> �nsu�er se�ect� by Lender again b�vmes ar�ailabl�, is obtaine�, and Lsnder requires separately
<br /> des�gnated payments f�►�ard the prem[ums far Mortgag� Insurance. �f Lender requ'[red �artgage
<br /> Insurance as a canditi�n�f mak�ng the Loan and B�rro�r�r was r�quir�d�v make s�parateiy designated
<br /> payment���ward ��pr�miums for f�llortgage Insu�anc:�s B�rrvrn�er shaIl pay th�premiums require�d t�
<br /> maintain M�r��age insuran�� in efFe�t, ar t� pr�vide a nan-refunda��� Iass res�rve, until Lend�r`s
<br /> �equirem�ntfor 111lartgage�nsurance�nds in acc�rdance►►v�th any�urii�ten agre�m�n�b��in►�n Barra�►erand
<br /> L�nder�arvv�d�ng fior such terminativn vr unti��erminativn is required ��Applic�b�� Law. NQthing in�his
<br /> Secti�n 1�affec�s Bvrr�vv�r'�obligativn to pay in�er��at the rat�pr�vided in fh�N��e.
<br /> M�r�gag��nsurance reirriburses Lend�r��r any�ntit�thaf pu�chases the h[ot��fa��er�ain[vsses�may
<br /> incur if B��ro�ver do�s n�t r�pay the Loan as agre�ed. B�rr���r�s na�a party to the Mortgage Insurance.
<br /> Mortgage Insur�rs evaluate th�ir�fltai risk vn alI such[nsurance in fc�rce from��me tv time,and may
<br /> enter �nta agre�menfs �ith a�her par�res that share vr modify �heir risk, �r r�duce losses. Th�se
<br /> a�reemen�s are�n terms and��ndit�ons�hatar�sa�isfactveyta the mar�gag�insur�r and the other�arty
<br /> ��r parties} �a th�se a�re�rnenfis. These a�reem�nts may r�qu�re the m�rtgag� in�urer �a make
<br /> paymen#s using any saurc�af funds�hat the mor�ga�e Insurer rr�ay haW�avai�a�i��►�vhi�h may include
<br /> fund�❑btained f�om 11�vrtga�e Insurance premiums}.
<br /> A�a r�suit af th�se agr�em�n�s�Lender,any purcha�er vf�he n�te=another insure�,any r�insurer,
<br /> any��her entity,vr aifiliate of any vf thef�rego�ng,may receive�direct�y ar indirect�y�amounfs�ha�deriW�
<br /> from �ar migh� k�e �harac�erizQd as} a portion �f Borrower's paym�nts far f�lvrtgage In�uranc�, in
<br /> ex�han�e for sha�ing�r modifying fhe martgage�nsurer�s risk,nr redu�ing loss�s, if such agr��m�n�
<br /> prvv��l�d �ha�an affiliate of Lend�r tak�s a shar�af#h�insurers� ri$k in exchang�far a�har�vf the
<br /> prem�urrrs paid ta�h�insurer, the arrangement is�ft�n term�d �capt�ve reinsurance.=' Further:
<br /> ��� �4►ny such �greemen#s �rif�l not affect the �maunts th�t Borrc�vver has agre�d to p�y for
<br /> I�lar���g�Insuran�3 or any odler terms of�e Loan.Such agr�ments�►iil not�ncrease ths amoun�
<br /> B�rro�er wiill a�r�for AAartgage lnsur�nce,a.rrd th�y vv�l�nat�nt�ttlg B�rrovvvr to an�refund.
<br /> ��� Any such�gr�emsnt�w�li nvt affect t�e r��hts Borr�r�ver has��f�n��v�r[th respect ta th�
<br /> IIAc�r�gag��n�uran�e under the Hom�av�mers Pr�te�tion A�t�f 1998 or any other�a�.These rights
<br /> nna�y �n�lude the r�ght to r�ce�de cer��n d�aclosur�s, tc� reque�t an� �bta�n canc�i��t��n of the
<br /> �Il�or�gage Insur�nce�to h��r�the 11111or�g�ge Insur�n�e term�nat�d�utamat��a�ly,�ndJor ta rec���e
<br /> �r+�fund af any�Ilvrtg�g�lnsur�nc�prem�um�th�t w�r�une�rned at th�t�me�f such ca�nce�latiort
<br /> ar term�n�tian,
<br /> 11. ►4ss�gnment of t�lisce��an�ous Proc�eds;For�e�tur�,AI�Miscel�ane�us Prace�ds are here�y
<br /> assigned tv and shaEl be paid�o Lender.
<br /> [f�he Prvperty�s damag�d;such {IE�iscel�aneous Proc���s shall be appl�ed�a res��ratr�n or�epair
<br /> vfthe Praperky,iffhe r�storati�n vr repair i�econom`rcal��feasible and L�nder's s�curity is nvt i��sen�.
<br /> Dur�n� such repai� and restoratian period, Lender sha[1 have the right�a hvld such MEscellanevus
<br /> Prac�e�s unt�l Lender has had an ap�or�uni�tv inspect�uch Prvp�rty tc�ensure the r�vc�rk has��n
<br /> complet�d ta L�n�ler's satis�act�an,prazrid�d that such�ns�e�tion sha�[��undertaken prvmptly.Lende�r
<br /> may pay fQr the repa�rs and resfi�ra�ian in a sin�Ie disbursement ar in a seri�s�f pra�ress payments
<br /> as the w�rk is��mpl�te�. Un�ess an agr��m�nt is made�n�vri�in���Ap�iicable Law requ�res in�eresf
<br /> t�be pai��n such l�iscellan�ous Prc�ce�ds, L�nder shai!no�b�requir�d tv pay Borro�ver any int�rest
<br /> s��earnings�n such llll�sc�llan��us Praceeds.lf the re�tora#ion or repair i�n�t econ�m�calf�r feas��[e or
<br /> L�nd�r`s secur�tyv�►vuld�e�e��ened,th�Misc�lian��us Pra���ds shali��appl�ed�a�he sums secured
<br /> �y this Securit��nstrument,whe�ther or n�t�hen due,►��th fhe�xcess, �f any, paid�v Borro�er. �uch
<br /> �J[�sce�laneaus Proceer�s shail �e ap�liekd in th�o�der prv�ided far�n Se�tion 2.
<br /> In the e��nt�f a��tai taking,des�ruct��n,�r l�ss in�alu�afth�Pr�per�,the 1�is��lIane�us Prvice�ds
<br /> sha[l be ap�aiied t��he sums secured b�this 5�curity [nstrumen�, wh��her ar not then due, �i�h the
<br /> �xcess, if any, �a�d t�B�rr��rer.
<br /> [n the e►�ent af a partia�takingf destructi�n;vr Iass in�ralus af th�Prvperty�n whi�h�he fair market
<br /> �alu�of the Prvperty immediately befare the partial�aking,destruc��n, or lass in r�a[ue is equal tv o�
<br /> grea#e�than th�amc�unt af th�sums secured by this Secur�ty inst�um�n�imm�d�a�el�r b�f�r�the partial
<br /> �taking,destruc�[on,or los�in value, unless Borr�►►ver and L�nder�ther�ise agre�in wri�ng,�he sums
<br /> secured hy this S�curity instrument shali be reduced by the amaunt�f the 111I�scellane�us Pr�e�ds
<br /> mulfiiplied by the f�llowing fracti�n: {a}the tntal amvun�af�h�sums secur�d �mmediately b�fvre the
<br /> partial�aking s destruc�ivn,�r�vss�n�a�ue divide�by�k�}the fair market►►alue af the Prap�r�y immedia�el�
<br /> �efare�he partial takings des�ru��on, Qr l�ss in value.Any balan�e shai�be pai�l to Bc�rra�er.
<br /> In the e�enf af a par�ial taking��es�ructi�n,vr I�ss�n�raiu�af�he Pr�p�rty�n�vhi�h�h�fa�r market
<br /> Walu�vf�h�Property immediately befare�he part�a�tak�ng,destructi�n,or ivss in►r�lue[s i�s��han the
<br /> Initialss '
<br /> NEBRASKA--Single Famil�—Fann��II�IaelFredd�s AIlac UNIF�R!#�INSTRUI�fIENT Form 3D28�1D1
<br /> C3nline Qocurnents,lnc, Pa�g '� �f 11 NE D 2i 2
<br /> �3-�5--Z�14 18:flG
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