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��14�4999 <br /> co�zt�nue ta pay t�Lenc��r the amautl�of�he sepa�a.�e�y designated pay�nen�s�:ha�vvere due when�lle <br /> ��surance covet'age c�ased to�e ir�effec�. Lenc�er�t7vi11 accep�, use and re�ain��Zese pay�ne�z�s as a <br /> non--refut�dable loss�eserve�n lieu of Mor�gage�nsura�lce, Suc�i Ioss reset•ve shall be na��refur��able, <br /> �Zaf:�vi�.hs�ant�ir�g the fac����at the Loa�.is ulti�nate�y pai�ir�1u11, arid L�nder st�a11 no��ae reqL�ired ta pay <br /> Borrower a�y it�tieresl:ar ea.�•ni��gs on such��ss rese�ve, Letlder ca��1��o�get re�uire�ass reserve�ay�nents <br /> �f Mor�gage�nsu�'�.�1ce coverage�ir��1ze afnou��a�ad for��Ze per�oc���lat Lender requi��es}��eov�c�ed by an <br /> inst�z:e�selec�ed�y Lender again�ecnlnes avar�a�le, �s ob��.�r�e�.� a�.7.C�I.��f1C��l"r�L�ll1�'�S 5����'a.����C�.�5�.�11�.��C� <br /> �ayrne��ts taward�he prexniu�ns�ar Mor�gage I�sura�zce. If Lender re�ui�ed Martgag�Ir�suranee as a <br /> con�ition oF�-na.1{ing�he Laan a.�a.c�13�rrower vvas�equired�0 1x�ake se�a�tra�ely des�gna�e�.�a�me�zts �ov�rard��ze <br /> p�e�1uu���s for Martgage�nsurarice, Borrower shal�pay�he p�em�u��ns�equired 1:a maini:a�n Mar�gage <br /> Insura�ce x�.effec�, �r�o provide a no�z--refur�da�ble loss reserve, unt��Le�de��'s rec�u�r�inen�far 1Vlor�:ga.ge. <br /> rnsurance e�ds i�l accarda.�lce v�ii��l a�y wr�t��n agree�nen��e�ween Borrower ar�d Le�lc�er pro�vid���.g fa�such <br /> �era.�vi.�aatiio�z or un�il terini�atin�l is r�quire�.�ay A.pplic�.�ble Lavv. Nothing it���1is Sec�i�n �Q afFec�s <br /> Borrovver's obliga��on�o pay in�erest at tlze�ate��ov��.ed�t��he�ote. <br /> Mortgage I�surance r�i�nUurses Le�ldet•�Q�a�zy en�i�y��za�purc�aases ��ze No�e� �or cer�ai�l�sses it tnay itzcur <br /> if Ba�rovv���oes�.o�re�ay�he Lflan as �.greed, B�rrovtrer�s no�a p�.rty�a t�le Mo���;a�e Ir�sura�lce. <br /> Mor��age insurers eva�ua.�e their�o�al risl�o�l aI1 suc��rnsu�az�ce i�.farce fro�n�i�r���o ti���e, �r1c��nay er��e�° <br /> itzi:o ag�eeine��s wi�h otl�er p�.r��es that-s��are ar tnod�fy�heir r�s1�, o�recluce losse�. "These agre���netlts a.re a�� <br /> �ertns �.nc�eand�t�o�as�:ha�are sat�sf�.ctory�:o�:he 1nor�gage i�.surer��.�.��ze o���er�artiy�or pa.r�ies� �o th�se <br /> agreetr�ents. 'T`hese agree�ne�.�s may�`equix�the rnori:gage insure�to�na1�e�ay�ne�a.�s�.�s�ng any source of fu�ds <br /> �h�.�the�na��tgage���surer�nay have a�rai�able�which�r�ay incl�d�f-unds ob�ained froin Mor�gage T�su�ra�.ce <br /> pre�nit��ns�, <br /> As a rest�lt of these�.greemer�tis, Lendet�, any p�rcha�er o:f�he No�:e, �no��ler ir�sure�•, ��y reir�surer, any athe� <br /> enti�y, or ar�y aff���a�e af any of�he for�going, tnay receive�di�•ec�1y or��d�rec��y� amoun�s�1�.a�c�e�ive fro�� <br /> �ar�niglz�be ch�.rac�erized as� �.�ortioil or Bnrraw�r�'s pay�la.e��.�s for Moz{�gage Ins�.rar��e, ii�excha.nge for <br /> sharing or i�noc�ify���.g�he�nor�gage ir�sut�er's rislf, or reduci�.g�osses. �f such agree�nen�provic�es���at an <br /> a�f���a�e of Le�zder�a1�es a s�a.re of i.l�e insurer's�is�in exch�xage�ox a sh�.re of�he��•e�aliu�ns paid ti❑�he <br /> i�asu�er, ��ae arrange�ner��is of�en te�ined''cap�iv�r����surari�e," Tu�'�her: <br /> �a} .���.y such��reem�nts wil�i�ot affect�he��noun�s t���t B�rrower has ����eed to pn�fa��1Vlortg�ge <br /> .InsE�rance, ar�x�y ot��er te��Yn�of tlie Lonn. S�YcIa agreementis wi�l noti incz•ease t��e nxno��nt <br /> �3a�•rower will owe for Mortg�ge Ynsi��nnce, and they w��l not entitle Ba�ro�ver�o ariy refund. <br /> �b} Al��s��cl��t�reeYn�n�s wili not nffect the r��lYts Borrawe�r h���-if nny-�with respec�to �he <br /> Mori:g�ge Ins��r�n�� unde�•the I3omeowners Prote�tia��Act af 199� o�•any o�Y�er l�v�'. TY�ese righ�s <br /> Yn1y i��c�u�.e 1;he ri�ht to receive ce�•�ni��d�sc�vst�res, to reqY�esf;�►n�au��in c�nYicelYnti�n af�he <br /> 1'Vio�•tg�ge Insurnn�e, ta li�ve the Morl;gage Ii�surance terYnin�ted �►���an�aticn�ly, �Y�c�lor to re�eY�e <br /> a refun�af�ny Mo�.•���ge Insuran�e�r�m�rYms ���n��vere rXne��.•Y�ed��the tYme of��x��i <br /> �n�a�ce�Y�tioY�.ax•t�rm���.a�xon. <br /> 'I'1. As���nrnent af IVI"rs�ellaneous Pr�ceeds; For��i�ur�. A�11VIiscel�a�zeaus Praceeds��e l�ereby�ssigned�o <br /> ar�c�s�1a11 be�a.id to Le��c�er. <br /> I��he�'z•a�e�r�y�s c�a.�nage�, suc�z Miscella�zeou�P�•aceed� s�la��be ap���ec�i:o res�ora�io�ot�repai�•oF the <br /> Pro�er�y, �f���e t es�o�a�xo��or�•epair is econo�ntcally�easi�le an�.Le��.c�er'�securi�y�s no��essened, During <br /> such repa.i� and�estor�.�io�.p�r�ad, Lender s1�a1�ha�e the rig����❑ho�c�suc�l Miscella�zeous P�ocee�s un��� <br /> �enc��r has 11a�atl oppor�ttni�y i:o ins�ec�such I�ro�er�y�o e�zsure�he vtroi lc laas�een co�nple�ed�o Le��.der's <br /> 2��os72� <br /> NEBRASKA��ingle�'amily-Fannie M aell�redd9e M ac�N��flRM INSTRUM�NT �arm 3�28�14� <br /> VM P� VM PG�NL���1302} <br /> Walters ICluw er�inanciai 5ervices �ac�e 9 af�7 <br />