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��15��95� <br /> con�inue to pay�o I.ender the amoun�of the separa�ely designated payments �hat were due�hen the <br /> insuranc�coverag�ceased�a be in eff���. Lender►�r�ll accep�, use and retain�hese payments as a <br /> non-refundable loss res�rve�n�ieu of Mortga�e �nsurance. Such�oss reserve shaii be n�nwr�fundable, <br /> notv�i�hs�anding th�fac��hat�he L�an is ultimately pa�d �n full, and Lender shal�not be r�quired to pay <br /> Borrov�r�r any �nter�st or earn�ngs on such Iass res�r�e. Lender can no �onger require loss res�r�e pa�men�s <br /> if Mortgage �nsurance coverage�in�he a�mount and for the period�ha�Lender requires}prov�ded by an <br /> insurer selected by L�nder again be�omes avai�able, is obtained, and Lender re�u�r�s separa�e��designa�ed <br /> paymen�s�oward�he premiums for Mor�gage Insurance. If Lender required Nlor�gage�nsurance as a <br /> condi�i�n af mak�ng �he Loan and Barrower was required to make separa�ely designated paymen�s toward�h.e <br /> premiums for Mor�gage Insurance, Borr�vUer sha��pay the pr�m�iun�required�a maintain Mor�gage <br /> �nsurance�n effeGt, or ta provide a nonwrefundab�e loss reser�e, un�il Lender's requir�men�for Mor�gage <br /> Insuranc�ends �n accordance with any written agr�ement bet�een Borrovver and I.ender prav�ding for such <br /> terrnina�ion or un��� �erm�nation�s required by App��cab�e Law. N��h�ng in this Sec�ion ��affe�ts <br /> Borrower's ot��igation to pay in�eres�a��he ra�e pro�ided in�he No�e. <br /> Martgage�nsurance reimburses Lender�or any en�it�t�at purchases the Note} for�ertain losses it may incur <br /> if Borr�wer does nat repay�he Loan as agreed. Borrawer is not a part� �o the Mor�gage Insurance. <br /> Mor�gage�nsurers evaluate their�atal r�sk an a11 such insurance in force fran�.�im�to time, and may enter <br /> �n�o agre�men�s�r�th other parties that share or modify�heir risk, or reduce losses. Th�se agreements are on <br /> t�rms and conditions tha�are sa�isfactory to the mor�gage insurer and the other par�y �ar parties}�a�hes� <br /> agreemen�s. These agreements ma�requ�re�he mortgag�insurer to make paym�nts using any snurc�of funds <br /> tha�th�mortgage insurer may ha��a�a��able��v�rhich may �nc�ude funds obta�ned frflm 1V�or�gage �nsurance <br /> pren�iums�. <br /> As a result�f�hese agreem�nts, Lender, any purchaser of the Note, another insurer, any reinsur�r, an��ther <br /> entity, or any aff��ia�e of any of�he foregoing, m.ay recez�e�directly ar ind�rec�ly} arnounts tha�deri�e from <br /> �or might be charac�erized as� a por�ion of B�rrawer's pa�ments for M�rtgage�nsurance, in exc�ange for <br /> sharing or mod�fying the mor�gage insurer's risk, �r reducing Iosses. If such agr��m.ent pro�ides that an <br /> affi�ia�e of Lender�a.kes a shar�of�he insur�r's r�sk in exchange f�r a share of the prem�urn�.s paid to the <br /> insurer, xhe arrangem.ent is of�en termed "capti�re reinsuranc�." Further: <br /> �a� Any such agreements�vi�l not affe�t the amoun��that Borrovver has agreed�o pay for Mor�gage <br /> Insurance, or any o�her terms of thQ Loan. �uch agreemen�s�vill nvt�ncrease the amount <br /> Borrower w���ow�far Mar�gage Insurance, an.d�hey w�l�n��ent��le Borrower to any refund. <br /> �b� Any such agreements w�I�not affect the rights Borrower has�-�f any -w�th resp�c��o the <br /> �ortgage Insurance under�he I3omeo�vners Pro�ection Act of 1995 or any other lavv. These r�gh�� <br /> may include the righ��o recei�ve cer�ain d�sclasures, to request and o��ain cance��at�on of�he <br /> Mar�gage Insurance, to hav�e�he Mor�gage Insuranc�t�rm�na�ed au�omaticaliy, andlor�o r���ve <br /> a r�fund vf any Martgage In�urance premiums tha� ���re unearned at the t�me of suc�i <br /> cance��ativn or term�na�ion, <br /> '1�. Assignment of Nl�sce[[anevus P�viceeds; �vrfe�tu�e. A�� Miscellaneous Prnceeds are hereby assigned to <br /> and shall be pa�d�o Lender. <br /> If the Praper�y is damaged, such M�scellaneflus Pro�eeds shall be applied to res�oration or repair of�he <br /> Proper�y, if�he restorat��n or repair�s ecan�m�ca��y feas�ble and Lender's securi�y is no�Iessened. Dur�ng <br /> such repa�r and restora�ion p�r�od, Lender shall ha�e�he righ�to hold such M iscellaneous Pr�ceeds unt�l <br /> Lender has had an oppor�unity to inspec�such Proper�y ta ensure�he wark has been camp�eted to Lender's <br /> NEBRASKA-Singl��amily-�annie Mael�reddie Mac UNIF�RM INSTRUMENT fvrm 3�28 il�1 <br /> VMP� VMPfi�NE��i 3�2) <br /> Wolter5 Kfuwer Financial Ser�ices Page 5 v#'�7 <br />