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��14��597 <br /> co�.�inue�o��.y�❑Le�xder��ze amouni;af�:he separ�.�ely c�es�gtl�.ted�aayrnen�s�ha�v�ere c�.ue�rhen��ze <br /> �nsurance co�erage��a5ec��o be x�z effec�, Le�a.c�er vvi11 accep�, �.�se a�d re�air�f;�ese pay�nen�s as a <br /> no�a.--refii�.d�.b�e�oss reserve xn�iet�of Mor�gage��s�.�ra�.ce, Such loss�e�erve sha�1�e�on�refundab�e, <br /> rt-sn�f-txrii-l-�cf��t�r�i�-+r�i-l�p far.4 f��a�-���sr�T n�t�s ic 7tiT�-tir�����Yt f-►a.yr� in �r--�i�l �r�r� T ar►r�ar o��11 �n1���►a f'P!Y'�7'1t'R!Y �"!l r►aY� <br /> Borrovver ar�y in�el�es�:or earnir�gs or��uc�l�ass reserv�. Lenc�er car�no��ng�r��equ��re loss reserve payiner�ts <br /> �f Mo�r�gage TnsLxrance�ove�age��.�a.�he a�noun�a�.�.for�he pe�zod���a�Le�zder requir�s��roVic�ec�by ar� <br /> �r�surer selec�ed by Lender again becomes avai�a��e, is�btai�e�, a�d Lendet•requ�res separa�e�y�.es�g�za�ed <br /> �ayinentis to�a�d t�le prelniutr�s for Mo��gage I�sura.nce. Il Lender�equi�ed Mo��ga�e I�suraza.ce as a <br /> canc�z�ion of�na��ing th�Loa.�anc��arrower�va�t�equired���nalfe separa�e�y designa�ed��.y�nen�s taward the <br /> pre�niLt�ns far Ma��gage Insurance, Bor�awet•shall pay the�rei�iu��n�r�qu�re�.�o�na�r��ai�Mortgage <br /> rnsurance in effect, ���to provic�e a non-refundable loss reserve, un�i�Le��der's requ�remen�for Mar�ga.ge <br /> rnsuranc�ends it�acc�rdance Wit�z any vvri�ten agi eelnent between B�rrowe�a�z�.Lender�rov�ding fo�such <br /> �ersnina��on ar u�tr��er�nina��on is requirec�by Appl�c�ble Law. No�hi�g�n��a.�s Sec�ion 1 D affec�s <br /> Borrawer's Qb�iga��on to pay intieres�a�the�a�e�rovided in�he Na�e, <br /> M����gagu Iris�.rance rei�nb�.rses Le�.der�oz�a�y ezz�i�y�ha�purchases�he Na�e� �o�certair��osse�i�.�nay incu�` <br /> if Barrawer c�aus no1;r�epay�l�e Loa�as agreed. Bor�ower�s na�a pa.r�y to�;�le 1V�or�gage�r�s�.�rance. <br /> Mor�gage�nsurers eva�uate the�r to��1 ris1�0�1 a1� such i�surance in fflrce frfl�x��f�ne�o�x�ne, a�zd�nay enter <br /> �n�o�:greezne�.�s wz�1�.o��1er par��es��aa�share�r�nodify�heir ris1�, oz re�.uce losses. T1�ese ag�ee�ne��s are a� <br /> �er�ns an�.con�.���ons�ha��re sa�isfac�o�•y�a���.e xnor�gage i�surer and��ze o���er p�r�y�or�ar�ies}�a�he�e <br /> agr�eznen�s. These agree�nez��s�nay req�uire�1�e�r�or�gage�r�surer�o�na1�e pa��xxen�s�si�.g any so�.��ce of futlds <br /> �ha����.e�.nor�gage inst�rer xnay have�.va��aUle�which�nay ir�clu�.e fi�nds ob�a�ne�.fro�n Mortgage I�zsurance <br /> prezni�ms}. <br /> As a�resu��of�hese ag�^eea.ne��s, Le�zder, a�ay pua.•c�aaser�f t11e No�e; ar�o�he�i�asurer, a�z�reit�surer, any a�;lze� <br /> en�i�y, o� any af��iate o�a�y oF�he foregoz�.g, �nay rece�ve��:irec�ly or x�.dx�rec�ly� at�nout��s�hat derive fro�n <br /> �ar 1�night�e chara�teri2ed as� a po��ion of B��r�owet's payx-ne��s for 1Vlor�gage Ii�surai��e, in exc��ange for <br /> sha�•ing ar�noc�ifying��ze tnartgage insurer's ris1�, at��educing 1os�es. rf�uch agreefne�t�iiQvid�s t1�at ar� <br /> arr lia�e oF Ler�der tal�es a shar�of�l�e insut e�'s��islf i�excliange for a share af the p�;e�11i�.��-�s paid�o��le <br /> i��surer, the arra.tlge�ne�t is olten terined "c�.ptive reinsurance," Ft�r�her; <br /> �a} Azay s�t�ch ag�•eemeza.�s wxl�.�a�a��ffect���.e amou��.ts �h.a�Bax•�.•ower h�s a�reed to pny for Mar�ga�e <br /> I�asura�a�ce, o�• any ot�aer�er�ns af��xe Lflan. Sucl� �greexnents vvxX�no�incx•ense�he�ri�oun� <br /> I3orro�ve�ti wx�l.ovve far Mor�gage Insura��ice, and 1;hey wi�l na�en���le I3ox~rawe�.•to �tny refund. <br /> ��} Any s�Ycl���ree�ne�ats wx�l�aot affect tla�e rxg�x�s�3or�•ow�r h�s-�f�ny-.�v�vY�h�•espec�to �lie <br /> Mort�;nge Ins��rance r�nc�e�•t��.e Homeowners�'rotectxon Act o�199� or�ny o�her��.w. The�e riglits <br /> may YX1�lud���i���i�l�.t to �ecei�e c�r�a�n dxsc�osures, to req�xes�a��c�o���in c��r��e111�Yon af the <br /> �Vio�•t���e I��s���`ance, ta h�ve tl�e TVIo�����ge Iz�.s��r��a�e te�rm��x�ted�.r��om��Xc��Yy, �n�lor tfl�•ecei�e <br /> �refu��d af�.ny l�Io�.•tgn�e InsYYrance pre�ni�r�ns tl��t rywere X�Yienrned��the�iYne of such <br /> c�rnce�l�.�ion o���erminatron. <br /> 'I'�. A��i�nrn�n� af N[iscellaneous Procee�s; For�feifure. A�t Mis�elia�eous Pr�oceec�s are herevy assigned to <br /> a��d sllall be pa�a�to Lender. <br /> Ir 1:11e Prapet•�y is c�ainaged, suc11 Miscell�neo�s Praceeds s1za��l�e ap�liec�to res�a��i.io�l ar repair or the <br /> Pra�er�y, if the res�:oral:ion o�repair is ecotlainically feasible a�zc�L�nc�er's security is not lessened. Dur�zlg <br /> such rep�.ir�.�Zd re�x�ration�eri�d, Le�ldet•sha1111ave�11e righ�to ho�d suc11 Mi�cel�a�leous Proceeds un�i� <br /> Le�zder�zas 1�a�.�.�x opp��tur�i�y��ir�spec�such P��oper�y�:a ensure t��e warl{has�eer�cornple�ec�.�o Lez��er's <br /> 2�oa7��� <br /> NEBRASKA-5ing�e�amily-�annie M ael�reddie M ac lJN1��RM INSTRUM ENT �orm 3�z8 �101 <br /> VM F'�] VM PS�N�}{13�2� <br /> V1Falters Kluw er�'inat�cia!Services Page 9 of�l <br />