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� ��14�551� <br /> con�:ix�L�e�:o pay�o Lenc�er��e a�noun�af the separa�te�y desi�r�a�:ec��aytnents �ha�we1 e�.��.�e whe�z�he <br /> i�zsur�nce coverage Gease�.�o�e�r�effec�. L����.e�wi�l�ccept, use a�.d retafn�hese pay�ne�.�s as a <br /> nor�rre:fun�a��e lo�s reserve i��liet�af Martgage Ir�surat�ce, S�c�1 loss rese�ve s1za��be non--r�f-���dable, <br /> notw���as��.nd�g the fac��llat�h�La�.�i�ull:imatel���i�i��rul1, �nd Lender s�.a1� r�o�be requirec�to pa.y <br /> Borrower a��r interes�or earr�i�gs o�such l�ss re�erve. Ler�der cax��0 1a���er require lnss reserve pay�nen�s <br /> if Mor�gage���sura�ce coverage���1�he�mauni:�1zd for�he pe�iod that Ler��.er req��ires}prav�ded by an <br /> �nsurer�e�ected�l�y Len�e�again b�cotnes ava.ilable, is ab�a���eci, a�ad Le�c�er�ec�uir�s separa�ely designa�e� <br /> payi-ne����to�nrar�.�he�re�niums fa�Mo�•�gage Insurance. �f Lender reqt�ired Mor��age Insurar�ce as�. <br /> cand��ion af�n���ir����Ze Laan aric�}3orrov�er was f equired�o�nal{e sepa�,�.���y des�g�na�ec��aytlzer��s �ov�at'�.�he <br /> p�ezruL��ns fo��Mortgage�t�s�.It:a�lce, Bor•r�wer sh�.Il pay��le�re�nxu�ns�ec�uir�e�.�o�naintair�Martgage <br /> Insura�ce i�1 effect, o�to provi�ie a non-refu��da�1e Toss reserve, u�l���Lender's requireine��for Mortg�.ge <br /> ��.su�razzce�nds i�1 a.ccordanc�wi�11 any-�vrii.�e�1 a�;reetnen��betwe��z l3or�rower a��d Le�.�.er��ovic�ii�g for such <br /> �er�ni�.�.�ion o�unti��errn�nai:��n is requirec�by App��cable�,aw. No�lzing in tllis Sec�i��z �� affec�s <br /> Borr�vSre�'� o�bliga�io�to pay i�lteresr a��he r�.�:�pravided i���he IVa��. <br /> 1Vlor�ga��I�Zsu.ra��ce re��n�urses Len.der�or a�1y en�ity��.a�purc�7a�es t�1e Na�e� for cer�ai�.�asses �t�nay incur <br /> �f Bor���We�c�oe��o��ep�.y�he L�an�s agree�i, Bor�•owet�is�af;a party�o�he Mor�gage Ii�su��nee, <br /> 1VIot tgage i�lsure�'s ev�.�L�a�e their�ata�ris��o�a1Z such�ns�.�rax�c;e�n forc�fro�n�ii��t❑ti�11e, �.nd�nay er��er <br /> i�to agree�ner��s vvz�h o�her�a.rtiies��za�share ar�17odxfy���eir�is��, ar reduce�o�ses. T�iese ag�ee�nen���.t e on <br /> terins an�.condit�o��.s�:�zat are sat�sfac�ary��t��.���zar�gage ir�surer a�1c�the othe�pzr�y�or pa.r�ies}to�hese <br /> �.greemen�;s. These agree�n�n�s xnay reqt���re�����n���g�.g�insurer�a�zza.l�e p�.�tnen�s usin�a�ly sou�ce oF fi�nds <br /> t11a1;th�mo�tgage i�.sx.�r���na�r have a�ailable�which�r�ay incl�.�.e r-�tl�s ab�ained it�o�n Mar�,gage��Zsu�ance <br /> pr�tn�uzx�s}, <br /> As a resul�af�hese ag�eeinen�s, Lexzder, ar�y pu�ch�ser of the No�e; �.no���e��nsurer, any�ein�urer, a.r�y o�her <br /> e�z��ty, or a��y aff�l�a�e of a.r�y of�he foreg�ing, 111a��`�C�1V��C�IZ�C��.�C31 111C�1�`eC�;Iy� c�f`ri�L1f1�:5�;�1�.�.�e1'iVe�.�`Dl�l <br /> �or���fgfit�e clra�ac�e��izec�as� a port�on af Bo�rower's�ay�nen�s f.ar Ma��gage�tlst�r�.�ce, i��exc��ange for <br /> sha��i�1g or mac�i�'yir�g the a.r�ar�gage iflsurer's�is�{, o�:�ec��eing losses. �f s�c�.agt•ee�nent�r�v�des�;11��a�1 � <br /> aff����.te of Lenc�er t�.�ces a s17ar�of the insu�e��s ris�{it�excha�ge lor a s���.re of�he premiu�ns pa��.�a�he <br /> insu�e�r, �:�ae ar�ra���einenl;f�nF�e�i.et�r�led"c�t�ative reinsur�.�1Ge." Fu�'tl�er: <br /> ��} �xy s���h agre����ents wil�not�f'fe�����e;►n�ouY��s thnt I3orrow��•h�s ag�eed to pay for Mor��a�� <br /> Insur�tz�ce, or�Y�y�otih�x°t��•�ns af t�ie La�.��. �XXc�i ag�~eelne��l;s wilY not i��cre�se�he��nou�xt <br /> 13orroYv�r�v�ll ��vv�for ll�ar�g��e IYisY�ran�e, ���c�i��x�y�vi�i not en�i��e I3orrower�� ���y refun��. <br /> ��} A��iy su��r ngre��rne��ts�vv1Y1 Y�at nffect�he�•�gh�s�3o�•rower h�s��if n�iy�witl��iespec��0 1:h� <br /> Mart��►ge I��s�.Yranc���nc�er the Homeflwners�'rotec�io��Act of 1998 or�riy oth�r l��v. These rig��i;s <br /> �n�y���cl�.�de t�ie ri�h��o r•ecerve cer���n disc�osr�res, �o reqYXeS� ��nt� ob�:nrn cn��cell��tYaY�of�l�e <br /> Mor�gage�l�s�rrn��ce, tc����ve t�ie N.Ior��n�e I��sur�nce�e�ri�n�i�ia�:ed����omaticnlly, a��dlnr�o receive <br /> � refux���f a��y�Vior�gage InsYu����ce preYn�x��ns thn�;we��e uxle�r�Yed�����e tirile of sucl�. <br /> c�ncelYntio��ox termin�tio��. <br /> 1'!. ►��si�nmen� of �I��ce�laneous Pr�ceeds;.�arfei�ur�a 1�X1 M�s�e��aneous PrQceeds �.re�Zet eby ass�gried ta <br /> a�.c�s1�al�l�e�ai d�a I�e�l�.e�. <br /> If�11�Pr°ap�r��r�s da�a.zag�c�, suc��M�scell�.���ous Proceeds�l1a.11 be�.pplied to res�ora�ior�or repa.ir Uf��z� <br /> Prc��aer�y, �f��a���es�or�,t�on��repai�•is eco��o�nic�.11�r r��.sil���anc�L.er�d�r�'s secur��.y�s r�ot lessened. Dt�r�n� <br /> sl�ch.rep�.z�°anc�res�orat�o���rioc�, Letlde�sh�.�1 h�.ve�he r�ght�:o��o�d sL�clz 11�iscel��riear�s P�aceeds un��1 <br /> Le��der��as��.ad�.n op�flr�ui���y�o inspect such P�•oper�y to er�sure t��e vvo�1{l�:as beetl cotnple���ta Lenc�er's <br /> 2�4Q7�05 <br /> NEBf�ASKA�Single Family-Fannie i�a�lFreddie Ma�UNI�ORM INSTRUM�NT �orm 3��8 1141 <br /> VM�'Q VMP6(NE��13a2� <br /> Vllolters K1uw er�in�ncial Services I�ag�9 of�7 <br />