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��14���95 <br /> cotltinue�a pay�:o Le�d�r�he amou�at of��Ze s����ia��1y design�.tec�p�.yinen�s�ha�we�•e due v�hen��ie <br /> insL�r�.nce coverage cease��a�ae it1 effect. Le�ade�•v�i1� accep�, use a��d����air��1�ese p�y�nenf:s as a <br /> t1o�1-re�Func�abl�loss l�eser�re in Iieu of Mor�g�:ge Ins�.ratl�e, SL�ch loss reserve 5�a�1 be��on�t•ef���d�.b1e, <br /> notu�itlls��nd���the fae��l�a��he Loa�is ul�i�na�ely�aic�in fu�I, at�c��ender s�1�.11 no�be r�c�L�ired�o pa� <br /> Bo�:�•owei��.ny interest ot�earni��.gs on suc���oss rese�ve. Le�der c�.�1 r�o�onger��ec�u�t`e loss reser�e paymei�ts <br /> if N�a���g�.ge�t�sut�at�ce cover�ge�ixz�h��.���ount�.nci for t�e per�od f�h�t L.ender��e���res�provided�y an <br /> i��s�.xr�t•selec�:ed by L.end�r agaz�a becomes available, is ob�ai��ed, a�id Le��.er��enuires s�para�ely c�esigt�a�ed <br /> p�.y�l1�1��5����.l�d t�1e pre�niu�ns fo��Morti�age I��surar�ce, Zf Lendet•t•ec�urt�ed Ma���gage Tnsurance as� <br /> Gonc�itian of rnal���ag�he Laan a��d B�rrower was t•equired to n1�.��e sepai'a.�e�y des�gt�ated paymen�s�ov�ard the <br /> pi�em�ums fo�•Mortgage�ns�.�ra��ce, Borrower slxa��pay the premitx��ns��e�uired�o nlai�ta�n Mo���age <br /> x�su�an.ce in effect, o�to provide a notl-ref��ndaUle lass�eser�ve, u��ti�Le�det�'s t:enuii,enle�lt fo1°Ma�°tgage <br /> Ii�s�rance e�xds in a.ccordance wi��1 a�ay vv��i��en agreemeilt betv�reen Bot�t•ovver and Le�a�c�e�providi��g�o�-such <br /> �ermit��.tio�ar u�z�i1�e�mination is�•ec�utrec�.b�Applic�.ble La�, N�thi��g�z�th�s Sec�ron 1� affects <br /> Bo�rawer's�b�iga�:io��.to pay�ntet�est at the��a�e p�,ovided in�he Note. <br /> Mor�gage Insur�.�c�f�eitnb�:�r�es Le�de���o�•a�y e�tity t���.t p�.�rc���ses the No�e}fo�ce�•tain�osses r�may ix�cur <br /> if Bo�•ro�vet does no�:r�pay t�1e Loan as�.g��eed. I3o�•t•ower is no�a�ar�y i:o�11e Mor�g�.�e InsL�r1a.�c�, <br /> Mor�g�ge zris�.��*ers eValuate�heir�o�a1 rislc an aI1 suctl i���lu�ance in fo�rc�ft�����ime�o�ime, a�d�nay enter <br /> in�o agt ee�le�ts wii:�1 otl�et•par�i�s t�lat shax•e oz•modif��heir i•isl�, o��reduce�o�ses, T11ese agt�eex��erl�s at•e on <br /> �crms and canc�xtiio�.s t�1�.i.at�e�a�isf�.��ory�o the mo��t�age i�su�e�an�.���e other pai��y�or�arties��o t�ese <br /> agt•ect��e�lts, These ag1•eements may rec�uire��le mortgage if�s�.�r�r to ina�ce pa�rmen.�s using�ny source of f��n�is <br /> �hat�he�no�tgage ir�surer t�n��r l�ave availab�e(w��c��may incl�.tde funds o��ained ff om Martgage Ins��r�nce <br /> ���eniiun�s}, <br /> As a tesul�of�lese ag��ee���e���s, Lei�c�et, �:T��r��.xrcl�as�r of�.Ia�e Note, ana�l�er insul e��, ax�y t-ein�ur�r, any othet <br /> en�i�y, or any affi�ia��of any af�h�ro�•eg���.g, n�ay rec��v��dii�ec�Iy or i.ndirec�ly�a�no�.�nts that de�°ive fi on1 <br /> �or n�ig�1�be�h��ac�er�zed as} a portioil of Borroyver's�ayments fo�:Ma���g�.ge I�asura�ice, in excl�a.�lge fo�r <br /> sh�.��ing or x�zodifyit�g t�1e r��or��;a�e it�sL������'s��isl�, or rec���c�11g�osses. T��SL�C�1�g1��117��t���UV1C��S��1cL�c�.11 <br /> aff�lxa�e of Le�nc�e��a1�es a sh�re of the i�sL���e�.�'s�•�sl�i�� exc�atlge fa1•a s��a�•e oC the premiun�s paid�o the <br /> rns�.�re�, tl�e�.�•��a��ement is of�etl termed"cap�ive rei�asu�'ance." Ft�i t1�e�: <br /> �a} Any such a�reem��i��w�I�.no��ffect��re amou��s�l�a�]3��rrower h�s �greed�o pny for Mort;ga�e <br /> ix�.sur�nce, or�ny o�lier�erms of�he Loane Such a�reelnen�s v�vxll no����.crease�rie nmfli�nt <br /> Borrow�r will ow�for Mor�g���Ins�ranc�, �ti�c��h�y wxll no�eritit�e Boxrovver to any refiind. <br /> ��} �ny sucL a�reemen�s wil�11ot�ffec�t��e i•igh�s �3orrQwer hns�if�ny�wi�h respect ta��ie <br /> Mar�gage Ir�suran�e u�ider��i�Horneovvz�ers P��otec�;io�1 Ac��f 1998 or nny o�l�er law. These riglits <br /> mny�riclrr�e�h�rY�h��o receive cer•�nili c�isc�osures, �o reqr�es�and obtain cnncell�tzon of���e <br /> Mor�g�ge Insur�nzlce, to l���ve�lie Mor�g��e InsY�rance te�.•mi�zntec�automa�icnl�y, andlar�o recei�e <br /> a refY�nd of���.y Mor�gage Insura��ce premxums tha�wer•e une�trned�t�l�e�ime of sucli <br /> car�cella�io��ar 1:erxn��aa��o��. <br /> '['I. Assignme�nt of �rs�ellaneous Praceeds; �'orfe��ure. All M�scellaileoL�s Pr�ceec�s�.�.�e he�eby assi�ne�.�o <br /> ��d shall be�aid to Le��der. <br /> rf�11e P�•oper�y is da�r�agec�y SLtC�7 M1SC�'1��.f1eOL�S PI•ocee�s s�1a11 be�ppliec�to resto��a�ion�r repair of tl�e <br /> P��o�er�y, if.t�1e res�ara�ion or re�a�r is eco�lo�ically fe�.sible anc�Lei��e��'s secut ity is t�ot lessenedq Dr.�i�it�g <br /> su�1�rep�.ir�.nd resto�•�:tiot��e�ioc�� Lend�t•�1�a�11��.���h��•ig����01�old su�l�Miscellanea�.zs I'��oceec�s un�i1 <br /> Le�c�er has l�ad a��op�ortl��ai�:y to ins�ec�sL1c�i 1'i aperty�o �1�s�.�t•e�l�e wor���h�s�e�tl comp�e�ed�o L�n�det•'s <br /> �aQo�oa7 <br /> N�BRASKA-5ingle�am ily-�ar�nie M aelFreddie M ac UN I�'ORNI kNSTI�LIM�NT Form 3D28 11�1 <br /> VMI'� VM�'S{NE���34�} <br /> INaI#ers K�uw er Flnanclal 5ervices Page 9 of�7 <br /> a <br />