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��14�4995 <br /> ca�l��nue�o p�.y�a Le�der�he�mou.�z�af the�e��rately desigr�af:ec�pay�nen�s�ha�we�e due vvhen�1�e <br /> i�-�sL�ra�.�e cove�age cease�.�a be in effec�. Ler��e��i11 acce�t, use and re���n�hese�ayn�en�s as a <br /> �a.on-refu�zc�a�le�ass reserve in lieu af Mor�gage It�sut�ance. Su���oss r�ser�e sh�.1��e�Zon-rerutldab�e, <br /> �otwi�lls�a.nd�n.g���e fac�th�t���a.e Lo�.n is�.�1���na�el�paid ir�F�.��I, a.nd Lender sh��l no�1ae requirec�to pay <br /> Lorravver at1y i�z�ere��n�ea�rr�i��s�n suc11�oss reserve. Le�lc�er can no �onger require loss reserve��.y�nents <br /> ir Mo�tgage I�asL�rar�ce caverage�zn tl�e a�nou�.�an�.for tla.e pe�ioc��1za.�Le�der re�L�ires�prov�c�ed vy an <br /> ��st��e�selec�ed�by Le�zder agai��beco��nes availa�l�, is abi:ained, �.��.Lender�ec�uires sepa�ately designa��d <br /> pay�r�ei��s�aWard�he p�e�niL��-ns fo�Ma�`tgage Ir�s�rance, Zf Lez�der rec�uired Mor°i:gage Insur�rice as a <br /> co�zcii�ion of�na1�i�-�g�;I7e Loan�.nd Borro�re�was requi�ed�o zna��e sepa�at;ely designa�ec��ay�xlea.�.�s�owarc�the <br /> pretniu�ns far Mar�:gag�Insura�ce, Bai�rovver sha��pa�r�he pr��niurns require�.to�nain�a��z Mor�gage <br /> 7t�surar�ce�n elfect, or tQ provide a nor�.-refi.�ndable loss�ese�ve, un�i1 L�nder's rec�ui��elne�.�fo�r Mort�age <br /> rnsu��.nce e�ds�n accor�ar�ce w�th a.��y writte�.agreeine�a.�bet-�ueer�Bot rower a�d Le�z�.er providir�g f�r suclz <br /> ter�nin�ti��ar ur�t�1�errni���,���n�s requ�red 1�y.����icab�e Law, Na�1�ir�g i��h�s Sec�iari 1 D affects <br /> BarrQvver's obliga�io��.�o pay i�.�eres��.�the�•ate�ravid�d in�he Na�e. <br /> Mor�;g�ge In�ura�lc�re�in�urses Lerlde���or�.ny ex�.�x�y t��.a�p�u�•G�za�es t1�e Note� for ce��azza�osses i��nay inct�r <br /> if Borrower c�oes�lo�repay the T�oan as a.greed, Borrowe�is no�a pa.r�y ta�he Ma��gage I�Zsut alzce, <br /> , <br /> Mor�g�.�e�nsurel s eva L�a�e t eir to�a ris�or�a Suc insu�'a�a.ce i��fo�c�frofn time to ti�x�e, a�� �n�.y en�er <br /> in�:o agreeinetl�:s with a��1er pa��ies��a�s1la.re or xna�.�fy��ze�r ris��, or reduce losses. 'T��ese agreemer��s are o�1 <br /> ter�n� a.nd conditions t�1at are sa�isfacto�ry�o �he�nortgage it�.su�rer a�d the other par�y�a�•�arties��a�11ese <br /> a���eeinents. Tllese�.gr��rner�ts lnay rec�urre�he zz�.o�r�gag�i�asurer�o tzlal�e p�.y�nen�s t�s�rig any sou�•ce of funds <br /> �hat tlze�nor tgage il�sure��n�.y have availal��e�wlaicll�a��ay i�clt�de furid� ob�a�ned fro�n M����age rr�su�a.nce <br /> pretnfu�ns�. <br /> As a tiesul�af�hese agree�ne�.��, Lende�, any pulchaser oF�he Nate, a.nother�risurer, any reinsurei�; any o�her <br /> e���ty, or a�y�ffilia���f any of th�fareg����g, inay rece�ve�c�irectly or indireGtly� at�lou�lts�lzat derive fro�n <br /> �or�-nigl��be clY�racterize�.as� a�ortion of B��rrower's pay�n����s far Mortga.ge rr�surance, in exchange for <br /> sha.ring or znodifying 1:he rnor�g�.ge ir�su�rer's x'IS�C� or rec�.uc��.g�flsses. �f su�h ag�'eeix�e��pt•ov�des tha�an <br /> af�lratie of Le�lder ta��es a s1a�.re�f t�1e ir�stxrer's r�sXf in exc��.ange for a share af the pre�niu�ns pai�.�o tlze <br /> i��surer, �he a��a�zge�ner��is of�e�z�er�ne��"��.����e re��Zs�.�ra�.�e." F�r��zer: <br /> �a} Any suc�i agree��e��t�vvill��ot affec�t�te��naux��s��z�t Borrawer ha� �greed to pa�for Mor��a�e <br /> Ins�i���rlce, a�•�ny othe�ter�ns of��ie I�oaz�.. ��rch n�reemexx�s w�ll�aot inci�e�se�he����oun� <br /> �orrovver will owe for Mortg�.ge Ir�sur�tl��e, a��d t��ey wx�l��.at ez�ti��e Borx•�wer to nny refi�nd. <br /> �b} Any si�ch�tg�•ee�rie��t��vill�10��ffect tl�e rights Borravv�r h�s �if�ny�wi�h��especf:ta the <br /> Mortgage Ins�ir�nce n�ider•t��e YIo�n�owx�ers Protec�ion Act of 1�98 or�ny other l�w. Tl�e�e r�gh�s <br /> �nay izac�r�c��tl�e r��h�t� recei�ve certa����.�sclasures, �:o �•eques�n�d obtai�i c���cell�t�o��of�l�e <br /> Mor�g�.�e Insu�•nnce, to h�►ve�la�e Mort�age Ixis�xr�Yice te�.•mYrinted�u�amat���►lly, andlor�o recerve <br /> ��•ef�YYid af axa�y Mor��;age I��s���•�nce��•e�n�u���s th��we�re uY�e�r�iea at tho tizne of sr�c�� <br /> c�tx�ce��a��ox�►or�ermxY�ation, � <br /> 'I�. A s�ig nm en� �f I�I'rsce Ila neo us Proce�d�; Forf eit u re. A��1 Misc��la.��ous P��acee�.s are 1�e�,eby�ssigtled to <br /> �nd s1ia�1 be p�.ic��a L�za.der. <br /> �l�1�.e�'roperty is daznage�., suc�a.Mis�e��a�.e�us Pr�ceec�s s1a���t�e a�plied 1;a tiestora�io�10�r��a.���of���e <br /> Pr�pe�:ty, il t11e res���a�io��a�re�ai�is ec��o�nically fe��ib�e ar�d Lender's sec�rity is���1es�er�e�.. DL��ing <br /> SL1C�.1�'��7c�.1�'c�I1C�.105��1�.�1�11���'1�C�, I1@11C�e1 5�.1�.�1�.1c1.Ve��1e�'1��1��U�lO�C�5UC�1 M1SC�I�c�.1�1e4U5 Pt aCeeC�.S 11I1�1I <br /> Le�1�e��1�►s�Zad�n a��ortti��ity to ins��c�suc�i Prn�et�y��e�su�e 1:lze v�or1{has�ee�i caxn�lei.e�.�a�,e��c�er'� <br /> z�oo�7�7 <br /> N�BRA5Ki4-Sing[e�am ily-Fannie M ael�r�ddi�M ac L1NI��RM INSTRUM�NT Farm 30���1d� <br /> VM P(] VM P6�N����3�2) <br /> Wo[ters Kluw er�inancial 5�rvices Page 9 of 17 <br />