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��14���97 <br /> co�ltint�e to pay to Lender�I�e a�lloun�of�he separa�ely desigt�a�e��ayme���s t�1at�e��e dt�e vv��en the <br /> �t�sL�r�ance caverage ceased to�e in effect, Lender�vi11 accept, use and t�e�ain�:h�se pay��nents�s a <br /> nan���efundabre 7oss�•ese��e i�llieu of Mo��gage Z�sLu�a�ce. SUC}�]�.OSS 1.�e�e�•ve s�a1l be no�Mreru�dable, <br /> no�wi�hst�.ndi�lg�l�e fact�hat the Loai�r�ulti�nate�y p�.ic�in fu�l, a.t�d Len�.e��sha�l not be�equfre�.ta�aY <br /> Bot•ro�ver any ztl�eres�ot��at"Y1111�5�f1 SL�C�1 IC]S5 t�eserve. Le�lder cat�no�o��.ger�eq�ii e�oss t•eserve payments <br /> if Mortgage�nst�ranCe coVeii�.ge�in���.e�.r��ount�.i�d for th�pe�•iod����.�Le�c�et�requires}p��ovide�.�y an <br /> �nsu�e�•selec�ed�y Le�c�er agarn�econ�es avai7able; is o�tait�ed, �nd Lendet•�•equi�•es se�at��.�ely desigrra�ec� <br /> p�.�rme��.�s toward tl�e�t et��iums for�Vlortigage I�surance, If Lender re�t�t�,ed Mo�{�gage Ir�surance as a <br /> �o��dition af ma��ing th�Loa�l and Lorro�et•was�equ�red�o mat{e se�aai�ately c�esignai:ed paymen�;s towa.rd t�ae <br /> pt�en�iun�s for Mo���gag�InsL�i�ance, Bo�•rovver sh�.I1�a��1�e�remiL�ms t•ec�uired tio�nai��a�x�Mor�g�.ge <br /> IY�su��a��c�i�l efFect, or�a prov�de a notl-refutl�a��e�ass r•eset�ve, unt�1 Lende�'s requireme��t Fo��Mor�g�ge <br /> Ir�sur�.nce en�.s xn acca�-dance vvitll�.t�y�v�r�tten agreen�ent l�e�ween I3o1 rn�er and I�e��de�•p�ov�dir�g fo��su�h <br /> tet•mina�iori o��.t1��1�e�xntn�.�i�n is i ec�t�i�ed by A��lica�ble Law. No��ling���th�s Sec�io�1 �� aFfec�s <br /> I3o�t�owe��'s abliga�ion�o�ay in�erest a����e r�.�e p���vic�ed itl tll�No�:e, <br /> Mor�gage Insurance reim�but•ses Lenc����(or any etl�i�y�ha�put•c�lases�1�.e Note�fo�-cer�aitl�osses i��.�ay inct�t• <br /> if Ba�•�•ower does no�repay t�ie Lo�.n as�gree�, Bort owe�•is not a pa.r�y ta the Mortgage InsL�rance. <br /> Mor��ag�itlsu��ei�s ev�.It�ate t�leir ta��.l�'1SI�OI1���SLIC�l 1115U��ance in force�rom ttme�o tTn�e; an�t��ay ente�� <br /> in�o agreen1�11�s v�r��h ot�a.e�•��ar�ies��lat s��.�e or modify��ieit risk, o�•��ec�uce losses. T�Zese�,greet��e�.�s are on <br /> �erms and co��d��ion�t�1a�at�e s�.�isf�.ctQ�y ta��ie r�nortgage�nsu��e��anc�-the othe��pa��y�or p�.�•�ies}�o t��ese <br /> ag�•een�en�s, T�1ese a�t eeme���s may��equi�e�he n�o��tg�.ge ins�,�rei to make p�yi��en�s L�s��ag at�y so����ce oF futlds <br /> i:f�a��he�nor�gage insurex•��ay 1�ave availal�le�which m�.y include func�s ab�ained fi•on11VIo1�gage Insz�r�.i�ce <br /> pr�mxun�s}, <br /> As a resul�of these�greemen�s, Le���.er, a1�y�ut chaser of t�ie Not�, ano���er insLu�ei•, �.r�y reinsut�et•, at1�r o�he�• <br /> entity, or a��y affili�,te of any oF tl�e foregoi�lg, may t ecei�e(�.irec�ty ot�indirect�y} amot��lts�l��t de��ive ft•on� <br /> �o�mig�1�;be c��ar�cte�•ized�s} a pot�tiotl of Borrowe.�'s p�.ymen�s for Mo��gage Insu��ance, in excl�a�nge for <br /> sllarzng����a�oc�ifyi��g�1�e mortgage��.su��ei�'s ris1�, or��educrng lass�s. If suc�agree�nent�t�ovides�hat an <br /> �ffilia�e oF Lerider tal�es a s1la.re of t��e i�sut�e�•'s t ts1�i��e�cha�lge For a shar�oC t1�e pi�emiL�rns pai�.�o�he <br /> insui�er, the�.t•rang��ne���is aftien�er�l�ed"�aptz��t�eir�surance." rui���lei�; <br /> �a} .�ny sucli��reeme���s w�Z��xo��ffec���ie amou.��ts�hn��3orrower h�s a��•eed�o p�.y far Niar�ga�e <br /> I��surn�nce, a�az�.y other terms of���.e Laari. Su�li��reements will��o�incr��se the azn�r�n� <br /> I3orrower wil�owe for Mor��age I���urance, and they will n��e��.title�3orru�vv�r�o any refund. <br /> ��} A��y such�.���eemen��will riot�ffec��he r�gh�s I3orrow�r hns�if a�iy�-w�tlY respec��o the <br /> �Vlor�g��e Ir�sur�nce u��de�•�he IIameowue��s Protec�i�ri Ac�of 1998 or nny otlaer��w. These right� <br /> m�y�include tl�Q�•i�l�t to re�e�ive ccr�ain disc�osures, �o requ�s��nc�obt�i�i ca��cella�io�i of the <br /> Mor�gage Ins�zrance, �o have�he Mor�g��e I�xsur���ce�ermin��ed autom�tic���y, anrilor�o recei�e <br /> �refund of a��y Mortga�e InsuraY�ce premiums��ia�were un�nrned��the time Qf sucl�► <br /> ca��ceYl��ifln o�•�erm�nntion. <br /> 'I'�. Assignme�n� o� N�iscellaneou� IP�raceeds; F'�rfe��ure. .�.11 Misce�la��eo�.�s P��oceec�s a�•e��.���e�y assig�e��o <br /> at�d sha�l be p�.id�a Lendet�. <br /> �f�l�e�'t�ope�rty is c�amaged, such M�sce��an.eoLts Proceeds sha71 be applie��o��es�orati�n o�•z�epa�i-of�11e <br /> P�apert�, if tl�e resto�•ai.io�o�•tep�.ir rs econo�nically feasible a��Len�et•'s secL�rity��not�essened. Dut��ng <br /> s�.��11�•ep�.it�and x•es�oratiotl perioc�, Lendet�sha111�a�ve�he��igl��to I�o1c�suc�1 Misce��aneous P���ceeds until <br /> Lendet•has h�.cl at1 o�po�:��u��i�y to itls�ec�sucl�P�•ope�•ty to e��su�e tl�e war1�h�s been comple�ed��Lenc�er's <br /> ��aa��66 <br /> N��RASKR-Single Famil.y�Fannie MaefFreddie Ma�UNiF'�Rlvl INSTRUM�NT ���m�p2��lp� <br /> VM P Q VM F'6�N���13�2} <br /> 1Nalters Kl�wer�inancial 5ervices Page 9 of�7 <br />