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��14�7�41 <br /> . <br /> cont�nue to pay tn Lender the amo�zn,t�f the separatexy desrgnat�d paymen�s�hat were due when the <br /> in.surance caverage ceased to be in effect. Len�.er vvili acc,�p�, use and re�ain these a men�s as a <br /> PY <br /> non--refundable Iass reser�e�n I�eu of Mortgage Insurance. Such�oss res�r`re shali be nan�-refundab�e <br /> notwithstandxng the fact�hat�he Loan is uitiimateiy paid in ful�, and Lender shaii no�be r uired to y <br /> Borrawer any inter�s�or earnings vn such�oss reserve. Lend � pa� <br /> er can no�onger requxre Ioss reserve payments <br /> if Mo�gage Insuranee covera,ge�in�he am�unt ax�d for the period that Lender r uires raWided b <br /> � }p yan <br /> ' insurer se�ec�ed by L,�nder ag�i.n becomes a�ayi�able, �s obtai.ned., and Lender re uires s� aratel de ' <br /> q p y sxgnated <br /> payments toward the premium�for Mar�gage�nsuranr,�. �f I,ender requ�red Mortgage Insurance as a <br /> condit�on of ma�i.ng the Loan and Borrower�ras required�o make separate�y desx a�ed a men�s tow <br /> � p y ard the <br /> prernxums for Mor�gage Insurance, Barrower sha�I pay�he premiun�s requir�to main�ain Mort a e <br /> In�urance in effect, or to pro�ide a non--refundable lass reserve g � <br /> , until Lender's requ�remen�for Mortgage <br /> Insurance ends in a�cardance wi�h any�tten agreement be�vveen Borrower and L�nder ro�zd�n far s <br /> p g uch <br /> termina��on ar until ter�m�nation is required b�Appiicable L�w. Nfl�hing�n�his Se�tion 10 affec�s <br /> Barrow�r's obligatian to pay in�erest at the rat�provided in�he Note. <br /> Mor�gage Insurance rei.mburses Lender�or any en�ity tha�purchases the Note} for c�rtain xosses r�ma. ' <br /> y lncur <br /> if�rro�ver does not r�pay the Loan as agreed. Borrower xs no�a party�o the M�r� a e�nsuranc�. <br /> gg <br /> Mortgage insurers e�alua�e�hexr tota.l risk on a1Z such insurance in force from t��ne��t' <br /> xme, and may�nter <br /> i�n�o agre.ements►�vith nther parties that share or mod�fy their risk, or red.uc�losses. These a reemen <br /> g ts are on <br /> terms and�ndxtions that are sat�sfactor,�to xh.e mQr�gage in�urer aand the other p tar arCxes to these <br /> a�y p } <br /> agreements. 'I`hese agreements ma.y require th.e mor�gage insurer to make paymen�s usin an source of funds <br /> tha��he mortgage in.surer ma ha�e a�a��ab�e wh�ch ma ' ' � y <br /> , Y � y u�.clude funds obta.lned from Mor�gage Insurance <br /> prerniums}, <br /> As a resu.�.t af�hese agreemen�s, Lender, any purchaser of�he Note, anoth.er�nsurer,-an rei�nsurer an <br /> y , y other <br /> _ en�xty, or any aff�iiate of any of�he foregoxng, may rece��e(dxrectXy ar indirec�I amaunts that deri� <br /> Y� e from <br /> �ar m�gh�be charac�er�zed as} a partion of Borro�r�r's payments far Mar�gage Insurance in exchan e f <br /> shar�ng ar modxfying the mortgage insurer's r�sk or re,�.uci.xr. losses � ' g or <br /> � g . If such agr�emen�pro��des tha�an <br /> af��ia�e af Lender xakes a share of the insurer's risk zn exchange for a share of�he remiums aid to <br /> P p the <br /> insurer, the arrangement is�ften�ermed "capti�e reinsurance." �ur�a.er: <br /> ta� Any such agreements w�ill not af'f�ct the amounts that Borrawer has a eed to a for M� <br /> � p y rtgage <br /> Insurance, or any other terms of the Loan. �Such agreement.s will nvt�ncrea�e the amount <br /> Borrawer will owe for Mortgage Insurance, and they v�i��not entxt�e Borrower to an r�fund <br /> Y . <br /> �b} Any such agreements wiYi not af'fect the rights Borrower has-if an -with res to the <br /> Mo a e Insur$nce under�he H y � <br /> � � omeowner�P'ratection Act of 1998 or any other Iaw. These ri hts <br /> may inc�ude the r�ght to re�ei�e certain di�closure� to r uest an g <br /> , eq d obtain cancellat�on of the <br /> Mflrtgage Insurance, to have the Mortgage I�nsurance term�na�ed automaticall andlor to r ` <br /> y, �ce�ve <br /> . a refund of any Martgage Insurance premiu�ms that�ere u�nearned at the iime of such <br /> cancellation or termination. <br /> 71. Assignment of l��sc�l�aneaus ProceedS; Fnrfeiture. A1i Mrsceilaneous Proceeds are hereb� ' <br /> and shail be paid to Lender. � <br /> � assxgned�o <br /> If the Property is damaged, such Misc�ilaneous Proc.eeds shaii b�app�ied xo restoratxon or re air�f th <br /> p e <br /> Propert�y, if xhe restorat�on or repair�s econarn�cal�y feasibie and L�nder's securi �s not Iessened. Du ' <br /> � r�ng <br /> such repair and restoration period, Lender shaii ha�e the right�o ho�d such M�sce�lar�eous proceed.s until <br /> Lender has had an oppartun�.ty ta inspec�such Property to ensure the work has been com �eted to Len ' <br /> p der s <br /> NEBRASKA-Single Fami�y-��nnie Mae]�r�dd�e Mac UNIFDRM INSTRUNlENT <br /> VMP� ' Form 3D28 1101 <br /> Vllol#srs Kl�wer Financial Ser�ices VMPfi{N�y��302).00 <br /> Pag�9 vf 17 <br />