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��14�31�� con��.t�e�o pay�o Len�.et tlie a.in�unt o�t1�e se��ra�e�y c�esYgtlatee��.y�nen��.at were c�.ue�whe�i�lze insur��.ce co�erage ceased�o l�e in effec�. Le�z�.er wi1� �ccep�, �se an�.re�a�n�llese pay�ne��.�s as a not��fur�da�le�oss reserve i��u of Mor�gage I�asur�r�ce. Suc�1�oss re5e�ve sha11 be non--refu��c�al�le, notwit�zs�at�dir�g th�fac�;that�he L��z is L�.��zzna�ely�ard i�Fu�I, an�Le1z�.et:s11a�1 no��e rec�uil ed to pay B�rrawet�a��itl�erest ot•ear��r�l�s on suc��.�oss reser�e. Leilder ca�.no lozlge�requ�re�ass reser�e payrr�en�s �f Mortgage Znsurance cover��e�i�1�IZe a�nautz�anc�for 1:1ie per�oc��1za�Le�der�•equires��ravid�d by a�. in�urer se�ec�e�.by Lender agai��beco�nes avai�a�l�, is o��ained, a��c�Le�de��equif es se�a�•�.te1y�.esig�.ated pay�n�n�s�awa.rc��ze pi etnit��ns Far Mar�g�.ge I�asura�.ce. If Lender rec�ui�re�.lVror�gage Insurance a� a can�.�tiior��f�a.1��fing�he La�.n a�xc�i3arra�rer v�as�equired to ma�{e se�ara�ely�.esigna�ec�pay�nen�s tioward�he pre�niu�x�� for Mor�gage I�-�s�.xra.r�ce, Lot�ro�er s1�a11 pay�l�e�reiniu�n�i�equire�.�o mair��;ai�Mori.gage I��sur�.t�ce ir�effect, �r tio prav��.e a nozz�refu:ndable�ass rese�ve, u�.�x�Len��r'�requ�reznent far 1Vlor�g�.ge I�surance e�ds �t1 acco�rda�zce�wi��any vt�rit�e�agreeznent bei.v�ee�I3orravver an�.Lez�c��r�rovidi�g for such �er�r.�.xza��o�z ar��r��il�e�•�-nina�ia��is�e�ui�e�b�A�plicable Lavt�, Notlling i��.s Sec�ion 10 afFects Bor��ovver's o�liga�iaiz�o pay iri�:eres�a�:t�1e rate�r�vic�ed in��ie Nat�, Mo��g�ge I�zsL��a.�ce t eiinb�.��ses Lender�or a.ny e�t��y��a.a�pLYrc��ases��le No�e� for ce��a�n losses��xnay i�cur �f Bar�•awer�oes r�ot re��.y 1:�Ze Loa.�1 as agreed. Borrovver�s na��.�aar�y�o�h�Mortgag�rn�ura�ic�. Mar�gage rnsu�er�evalu.a�e�hie�r�a�a��i51f�x�all suclz it�sura�lce i�1 force f�om ti�zle f.o i:i�ne, anc�znay en�e�� Y�z�o �:gree�nen�s v�r��1��thet��tt tie��l�a�s�lare or�zlodify the�r r�s�{, or reduce losses. These agreeYnenl:s at�e o�1 �elrns and candi�ions�hat ar�satisractat�y�o �he�x��tigage��surer and t�le oi.her�arty�o�parties}ta 1:�1ese �.greeinex�t�.. Tl�ese ag�•ee�ne�ats�nay�eqr.�ire�h.e�nar�gage insurei t��na.lce pay�ner��s using any s��•�e of fi�r�ds til1a��.e��zor�gage��.su�er�nay h�.ve�.vai��.b1e�w1�ic�i�nay iticlu�.�fu�zds obtainec�fra�n Mor�gage Insura��ce p�e�ni.u�ns�, A�a reslxZ�of�hese�.gree�ne�z�s, L,ender, any�urcl�as�r af the No�e, anat�aer it�su�er, aily re�tlsurer, �:zay a�lzer ent��y, o� a�.y af��a�e af any of�Ize�'aregoing, �nay recei��di�ec��y o�i�direG�ty� �.�not�tlts�ha�der�ve from �o��nigh�be�har�.c�er��ed as) a por�ian oF I3o��rav�r�r's p�y�ne�ts fo�Mor�gage Itzs��a��ce, fi1 e�change for sh�.ri�lg o��nad�fyii��t��e ma�tg�.�;e i�.zst�r��'s ri�I{, or t��ducing�o�s��. If suc�i agree�zl�t�t��ovic�e��1�:�azl aff�l�a�e o��ender��l�es a s��are o�`�11e i��ure�'s rfs1�in�xcha.i�ge far a s1��re of the prer�iums pa��.ta the ��.sureY, �he arrange�nen�is af�en�:e�i�1ec�"c�:p�;ive reins�.�rance," I'ur�her: �a} Any s�Xch��r�emenl;s wili not�effect the�n�ounts �la.�t I3o�.*rower��s ngr�ec��o pny for 11�Ior�;gn�e Insu�.•ance, o��n�other tez�ms o�'the L��i. �u��i��•eemenl;s wi��ot�i��c��e�s��l�e aYnoY�nt I3or�,ower�vill owe fo�•N.�ort��e I��s�xr�nce, ��ad�he�wi�i Y�a�e��ti9;Ie I3orz�ov�er�a �ny refu�id. �b� Ax,y s��h��reemeYi�s ti�vYYl no��ffec�:t��e x�g��s I3or�•o�vve�•�z�ts�i�F��iy--�vitl� x•es�ec�ta �l�e Mor��ag�Ix's�X�°�nce unde�•t�ie I�orr��ow�►ers Prote��i�zY A��af 199� �r• �►ny ather Zaw. T�iese riglYts m�y z�ac�ude t�1e�•Yg�it to�•ece�ive�er��i��d�sclasures, to x•equest�nt�ab��►i�a cnx�ce��ion of tl�� Mo�•��;a��Ins��r�nce, �o h��e�1��Mortig�.�e Insur�nce��rYnYn�ted��:am�r��al�y, ��zdla�•ta �•ecei�ve �.refri�nt�af�Yiy 1�Inrt��.ge Ynst�rarxce pre�nxr.��aa.s th��were unc�rned�tt�he time of suc�i c�n�e�lation or�e�•Ynin��ion. �'I� A�sig�nmen� of M iscell�neau� pr�oceeds; Forfeiture. ��l Il�iscel�aneflus Procee�.s a.re 11e��eby assigr�ed�o azz�.s��.�.��be paid�o Le�zdel�. IF t11e Prope�ty is c��.in��ed, suc��Miscellaneou�s Praceec�s s�1�:��be ap�lied�o res#;at•atio��or�•epai�of t�1e P��pet ty, if�.l�e-res�ora�ia�or t�e�air r� eco��o��1iC�.1��r feasi�le ar�d Lenc�er's�ecu�if:y is not lesse�led. D�.x�if�g st�clz repair ��.res�o��a�iori pet�ioc�, Le�ldet s1ia1�llave��t+ight�o�io�d s�.�clz Misc�llaneo�s 1'�oc�ec�s u�l�i� L��zc��x lzas l�.ad a.��x oppor�ut�i��#:o in�pect�ucfl Pt opet•�y ta��sure��le worl��Zas been ca�n�le�ed to Le��de�'s ��a��o N��RASKA-Single�amily-Fannie M aelFreddie M a�L1NI�nRM 1NSTRLIM�NT �arni 3D28 11�1 VIV!P(� VM P6�N�}[13�2) Waltsrs Kluw er�inan�Eaf Services page 9 of 17