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��15����� <br /> co�.�znue�:�pay�o Lender the amotint aF��e se�aara�ely designated pay�nen�s�ha�vvere�.ue vvheia.t�ze <br /> insurance coverage ceased to�e if�effec�, Le�der�ri11 accep�, use and re�ain�hese paymer�ts as a <br /> no���efundable�oss rese��e��.1ieu of Mo�tgage Insuran�e, Su.ch loss reserve sha.��be nan--refunda�b�e, <br /> n��wi�hs�a�ding�he fact that the Loa.n is u�timate�y patd in.fu�1, a�d Le���er s�a11 no�be requ�rec��o p�,y <br /> Bort awer an�interes�or earn��gs on�uch loss reserve, Lender can nn�o�.ger reqt�ire�ass reser�e�ayments <br /> if Mor�gage Insurance cflverage��n.���e am�un�a�d for t��e perfad��a�Len�er requires�pravided by an <br /> insurer selecti�d by Le�lder again becor�les availab�e, is aU�ained, �.�:d Lende��requires separately desig�ated <br /> � pay�nents�.award���e pre�niu�n� for Mar�gage Iza�ura.nce, I�Lender requi�ed Mor�gage Insurar�ce as�. � <br /> c��:di�:io�af mal�ing�he L�an anc�BorroWer wa�require�.�o make separa�ely�.es�gnatie�.pay�nel7�s �owa.rd��ie <br /> pre�n�u�ns for Mortgage Irisur�nce, Borrovver shall pay�he pre�niutns requ�red�o�naintain Mor�g�.�� <br /> T�.s�.ra.nce in effec�, or to pr�v�c�e a no�-refur�da�le lass reserv��; un�i�Lender's require�nent for Mortgage <br /> Znsurance ends i�ac�ordance wi�h�.ny writ�ex�agree�ne�t�etween Borrawer and Lender prov�c�ing fo�r�u�c�i <br /> �erfnina�ion�r un����erinina�ion is�require�.by App�zca.bl�Law. N��hir�g�n���is Sec��on 1�affects <br /> B�t•rower's a�1�ga�i���o p�.y interes�a�the rate p�ravic�ed i�t1�e No�e. <br /> Mat�gage I�surance reitnburses Lender�nr a1a.y e�tity�ha1:�ur�hases�he Na�e� far cer�ain losses r�i-nay incur <br /> if Bor�ov�er does na��•epay�he Loan as �.greec�, Bo�•rov�er is not a party to�1ze Mor�gage Insu.ra�lce. <br /> Mor�gage ir�sur�rs evaluate their�ota1 r�sZf or�a��such�z�sura.r�ce�tz force�rfl1n 1:i��.e�a t1me, at��.�nay enter <br /> in�o ag�eetnea��s Wi��1 o�her pa.r�ies�hat share or�nadify�heir rislc, or reduce�os�es. These agreemex�ts ar�o�. <br /> �e��ns and-condi�ions���at are sa�isf�.c�ary to�he mor�gage insurer anc��h�other par�y�o�pa.r�ies) �o�hese <br /> agt�ee�ne�a.�s. These agreeinen�s�nay�ec�uir����.e mortigage insurer��rn���e pay�nents us�ng any.sou�ce af fi,�nds <br /> �ha���ie�nortg�.ge in�urer may have aVaila�le�vvh�ch may include fu��.s o��ained fratn 1Vlor�gag�Izzsuranc� <br /> . <br /> pre�.nlu�ns}. <br /> As a�esu1�Qf�hese ag�eelne��5, Ler�a�er, a.r�y�u�c�.as�r af��Ze No��, ano�h�r inst�ret, any reinsu�er, any at��er <br /> enti�y, o�r�ny�:ffi��a�e of any of�he f�regafng, may rece�ve��irec��y o����c�i�•ec�1y�a.�no�.nts�ha�derive fro�n <br /> �or rn�g�lt be c��araCl:er�zed as} a por�ion af I3orrower's p�:yZ-ner��s for M���gage I�surance, in exchar�ge fot <br /> sha�i�g.or�nodifying������Zor�gage i�surer's ris1�, o�r reducing losses. If s�.ch ag�•eeznent p��vxdes t��a�ar� <br /> affz��ate of Lend.er�a.�{es a sllare of tihe�nsurer's r�sk in exc�ar�ge Far a sh�re�F the premiums paic��o�he <br /> insu��r, ��ze�.rra�ge�nent is �ften 1:�r�ned"captive rex�asura�lce."' Further: � <br /> �a} Any s��clx�greemen�s�iZ�no��ffe�t�he aYnou�a�s �hat�orrower has ��reed to pay far Mo�rtg�.�e <br /> Insurance, or any o�lier ter�ns of�he I.,onno Sucl�ngree�nents will no�inc�•ense���e�Yr�oun� <br /> I3o�+�rower��1� owe far Mortgag�Ixas��r�.nce, azxd they w��l not enti��e Borx•awex9 ta nny z�e���nde <br /> �I�} Any sYxch agree�nent�w�ll not nffec��he rights Lorrower h�s�if�ny�w��li respec�to the <br /> Mor�ga�e Ins��rance i�nder tl�e I3vrneowners I'�.•atec�ian Act of 1995 0�.•�n�o�her Y�w. These r�gh�s <br /> �aa.a�incl�Yde t��e rig����o reeeive cer�axn�isclosrrres, to request and o�tain c�nce��at�on of�he <br /> Mor�g��e I��s��rance, �� have���e Mart���e Instxrance terinxn�ted�r��om.��ic�lly, a��c�lor to rece��e <br /> �refuY��nf�ny Mo��tg�ge Insurnnce premi��ms th��were u�ie�rned�t�he�i�ne of s��c�i <br /> cancex�ati.an or termi.�xa��on, <br /> �'�. Assi�nme�� of I�II�s�el�ane�us �'roceed�; F�rfeR�ure. .A�1�Vliscella.ne�us P��oc�e�s are h�r��y ass�gned�a <br /> � a�d s��ai1 be�a�d�o Lendex, <br /> �f�1�e Prn�er�y�s da.�na�ed, 5uch Miscel�a.�zeous I'�oce��s s�z�11 be app�i�d�a�estora�ia��o�repa�r of��Ze <br /> P�o�erty, �f���.e re�l:t�ration or t e��.rr�s eco�zatzlic�l�y feasi�le a�d L��.der's secu�•��y rs�ot lessenec�, Du�iing <br /> such re�aair an�.res�:a�ation periad, Lezzder sha11 have��le right to�zol�.�uc��Misce�la��eous Proceec�s ur���� <br /> Len�.er�zas��ad an o�portu.izi�y to ixa.s�ec�such Pro�er�y�a ensure�he wot��f��as l�een coir�p�e�ec�ta L��c�er's <br /> ���o�szz <br /> N�BRASKA-Sln�l�Family-�annle�h aelFreddle M ac L]NIFORM 1N5TRlJM�NT FQrm 3��8 914.1 <br /> VM P� VM p��N�}�13�2} <br /> Vllafters Kluw�r Finan�ial 5ervices Page 9 af�7 <br />