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��14�5��1 <br /> con��nue�a pay�o Le�der t��e atnount of the separa�ely desig�a�e�.�ayinen�:�tha�vwere due vvher���ie <br /> insurance cav��ag�ce�sed�a�e ii�e`Crec�. Le�lder wi1�accept, use and re�ain�h�se�ayinents a� a <br /> �afl��x--refutld�ble Iass r�s�rve i�z�ieu of Mor�ga.ge Insurat�ce. Such loss rese�ve sha�1 be non-refu�.daU�e, <br /> �a.��wi��lstandi�g�lle fac���.a��11�Lo�.n��u��xzn�:�el��aid in fu�1, a��c�Le�c�er s�ia11 r�ot be required�o pay <br /> B�rrov�er a��y�za�eres�or eat nings��a.suc1��ass reset�ve. Le�z�.e�cai�no�onger require loss reser�e pa.y�a.lex��s <br /> if Martgage I�sura.��ce�overage�in�h�a.lnou�l�and fo��he�erio�.�liat Lender rec�uires}�rovi�ed by atl � <br /> i�zs�.�rer se1eC�:ec�1�y Le��.der a�air�Ueco�ne�available, is ab�a�nec�, �.�.d�ende�req�.ii�es separa�e�y de�i��a�ec� <br /> �aay�ne��s �ovcr�.rd��ze�ret�uu�ns fox Mor�gage Ii�suraz�ce. If Leizder required M��tgage Znsur�nce�s�. <br /> ca��dition❑f�n��zng�he Laan a.nc�Borrowe�was requ�x e�.�a�-na��e separa�el�c�esTgna.�ed.pay�ner�i.s�ovtraz d t11e <br /> p1-etniunzs f�r 1V�o�r�gage�n5u�ance, B�rr�wer s�ia�1 pay�he p��einiu�ns rec��.i�ed ta�na�zz�ain Mat•tgag� <br /> I��surat�ce i�z effec�, or�o pr�vi��e�.�ian-refu��lab���oss reserv�, u�t��Len�.er's requzretnent ror Mortgage <br /> r��urance ends z�a.acco�d�i�ce wx�h�ny Wri�:�:�1i agree�nen�l�e�ween Borrovver'an�Le�.c�er provYdi�lg for su��1 <br /> �er�nina�ia��or u�Z��I�eril�in�.fiox��s requi�`ed by Applica�le L�v�. Nfl�h�r�g in t��is Sec�ion 1� afrec�s <br /> Lo�rowe�'s o��iga�ian.�Q pay rz�.�e�es�at�;�Ze rate�rov�dec�in�he No�e. <br /> IVIoz�gage Itxsu�a.n���eilr�bt�rses Lender�o�any en�i�y�ha�:purcl�ases���e N�tie� for c�r�ain losses it�nay incur <br /> �f I3nrt•�u�er�oes za.o�repay�he Loa�.as �:greed., B�rrov�er zs na�a par�y�o�he Mortgage�ns�trai�ce. <br /> Mor�gage�nsut ers evalua�.��1a.ei��o�al ris��or��.��st�ch i��urance z�z force fro�n��me�o tiine, a��d�nay enter <br /> i�.�o ag�ee�ner��s wii.11 o�11er par�ies i:�1a�;share or�noc�ify t��eit•rislf, �r red�c�1��ses. Tlzese agree�ner��s are on <br /> �e��ns and cor�ditiot�s�1�a�are sa�:islac�ory�a �1�e�na�r�gage i�su�e� a�a.�.the o�her p�.r�y�or partiies}�o�hese <br /> a.gre��nents, The��ag�eetne�t��nay require�he�nortgage insurer to�na1�e�ayine�lts u.si�zg a�ly 5�urce of func�s <br /> �ha.��lze xnar�gage i�lsu��r x-nay�aave available�vvh�c��.�na�r incluc�e fu�ds ab�a.ined�r�zn Ma��gage rnsuranc� <br /> �T�1Ylll1.�.115�, <br /> . As a re�ul�c�f these agree�nen�s, Letzc�er, any purcha�er of�lze No�e, a�.ot�ze�i�su��er, a�.�rei��surer, a�.y o�her <br /> e���i�y, or any af�'i��ate of�ny af��ie foregoi�lg, �nay receive�t�it•ect�y or ind�rectly� a��.a.ou��s ��ia�:der�ve frotn <br /> �ar t�nigh�.be�hat•acre�ize�.as� a�ortiot�of Bo�rower's pay�nen�s for Mot�tg�.ge r�s�.��a��.ce, in excl�a.��ge far <br /> s�i�ri�lg or moc�.zfyi�zg��a�e�nor�gage in�urer'���sk, or redu.�ing�osses. �f�uch ag�eeznet���rovides r��a�at� <br /> al�"�Iia�e o�Lende���a1�es a s�zare of t��e insurer's ris1�in excha.�ge for�.share�f�he p�e�niu��5 p�id�o�1ie <br /> in�ure�, �he ar�ar�ge�n�n�xs often ter�ned "cap�ive reinsura�c�." Ft�r�f�er: <br /> �a� Aiiy s�acl� ngreeme�a�s vvi�l not affe�t t�ie amoun�s tl��►ti Borz•o►�er h�ts a�r�eed to pay fur Mart�age <br /> InsuYrance,. o�•�tny otZa�e�•�erms of the�o�n. SYrch n��°eements wxl�na��ncre�rs�t��.� a�noY�n� <br /> I3ox•�:�owe�•wil�awe far Mor�gn�e I��sr.irnnce, �nd they will��at ex�.tx��e�3�ra���wer�o �ny�•efr�nd. <br /> �b} Any��Yc���g�•ee�nenl;s w�.�I��o��.ff��t tl�e ri�l�ts Bo�•�•ovver h�.s-if an��-wi�h respe�t�a t�ae <br /> Mortg���Insu�•ance undex•���e IIaYneo���ers Pra�ectio�i A��of 1�9$ ox•n�iy ot��er l�w. Tl�.ese righ�s <br /> �n�y YncY�Y�.e the rig��t to rec�Yve ceri:ain�isclo�ures, to request ax�.d ob�nim��ncell����n of the <br /> N.�or�g�t�e I�rs��rnnce, to have�l�e 1l�Iortgage Insuranc��erll�in��ec��.Y�to�nati�a��y, �x�c�lox•�a�•eCe�.ve <br /> �► refunt�.of nn�Mo�•t�a�e IY��t�r�nce premxums t�i1t were i�xae�r��ed n��he 1:i�ne of srxc�a <br /> cance�l�tion or�er�nix���ion. <br /> '��I. ►4��i�nmen� �� ��scellaneou�s Proceeds; Fo�f�i�ure. A���Vl�scel�a�zeoL�s Ptoceeds are her�by a�sig�.e�.�o <br /> a���s�lall�e paid�o Le��der. <br /> If the Pro�eri�y is dai11aged, suc�z Misce�l�t�eous Proceec�s sla.all l��app�ied�o res�o��ation o�1 ep�ir o�the <br /> Properl;y, ir t�le restora�io�z or repai�is �cono�l�ically feasxl��e��zc�Ler�der's sect�ri�y is not lesse�le�.. Du�i�g <br /> ��c���epaifi and 1�es�o���xon�et iad, Letic�er s11aI1 have�he�ight�n t�a�c�suc�i Miscella.neot�s Pro�eec�s un�il <br /> Ler�der h�.s�1�.d a�1 op�ar�t�r�i�y�a�nspect suc�l P�oper�y�o e��s�re t�1e wo����lzas�ee�l ca�np�e�e�.�o Lenc�er's <br /> ��-04-O�OQ�8 <br /> NEBRA5KA�5�ngle�amily-�annie MaeJ�reddie Mac 11NIF�RM INSTRUM�NT �'orm 3�28 �1�� <br /> VM F� VIUi PG�N�}��342} <br /> INolt�rs K1uw er�inancfal 5ervices Page�of 17 <br />