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��15�1455 <br /> ca�����.ue to�ay ta Ler�c�er�11e amou�l�af.the separa�:e�y e�esigna�ed pa�znents t�at vsrere d�.�e vsrh���tlze <br /> �nsu��lce coverage cease��o�e in effec�. Lenc�e�wz��ac�ep�, use a�d re�ai���;he�e p�.yrnents as a <br /> �.o�a.�refun�.�.b�e�oss reserve in��eu of Mo��gage�r�sura��.ce. Such lass��eser�e sha11 b�n��-refundal�le, <br /> �.a��w��h.��a�zdi�x��he fact t��a1:�:h�Loan is uZ�i�na�ely paid i�fu11, anc�Lender s1�a11�Qt be rec�uired�o pay <br /> Borrower a�ly i�te��es�or ��rnit�gs or�such��ss reserve. Lend�r c�.n xaa�onger requit+e 1�s�res��r�e payinetl�s <br /> zf Ma���gage Insurance coverage�in��le a�1�.��.�.�and f��t�ie�aeriod��z�.�Lende�requires}p�ovi�.ec�by an. <br /> znsu.�er sel�c�ed by Lender agai�z�aeco�ne� av�.ilable, �s o�btiaine�., aric�Lender requ�res sepa�a�e1y c����g�.a�ed <br /> paymen�s�:awar��he preznzuzns far�VIa���;gage I��u��a�zce. Tf Le�der required Mor�gage It��ura�lce a�a <br /> conc����o�1�f�na1{i�a.g���e L�a.n.ar�d I�o��rower wa���equired to lnalce sepa�ra�ely des�gna�ed payxne����owa.�d���e <br /> premiutns for Mori.gage�z�sura�zce, I3a�•rower s1�a11�a.y�;he prea.�a.iu�ns requi�ed t�zna�n�ai�.Mor�gage <br /> rnsu�:a��c��t�effec�, or�o�ra�ride a�lor�-reI'un�.ab�e Zoss rese�rve, ��til Le��.er's x equi�elnetlt f�r Mo�t�age <br /> Z�su�ran.ce enc�s �iz a�corda.�ce wi���.any�ri�te�agr ee�r�e�zt�etw�en I3or�ovt�er a.nd Le�der p�ovi�.ing fa�•such <br /> �erznina�ian ar un�i1�.erir3ina��o�is requxred l�y Ap�l�cab�e L�.vv. No�hing in this Sec�i�n �� affec�s <br /> LoY�row�r's ob1i��.�i�n�o pay in�eres��.�t�ie ra�e prflvided in��e Note. <br /> Mot��gage rnsurar�ce rei�nl�Lt�se�L�nde��ar a�.y en�it���at�urcll�sos t�ie No�e} fnr certaz�losses���nay incur <br /> if Barrovver dnes�a�repay rl�e Loa.�a.as �greed. Borrawer is not a pa.��y�o�h�Mor��age Insu.ra�.ce. <br /> 1Vror�gage��s��ers ev�.�ua�e��ze���o�a��is�{ai�all suc�1���ura.nce i�.farce f�ain�i��e�o�ime, �c��nay en��r <br /> �n�a agz ee�nen�s wi�h ather partres��Zat sl�are a���noc�ify��.eir ris1�, ar��c�uce�osses. These agree�ner��s are o� <br /> �erins a���.�o�dit�ans�:�at are��.t�sF���ory�o�he mor�ga�e insurei a�c�.�he o���er pa�ty�o�r pa���es��a�he�e <br /> agr�e�nen�s. T'hese agree�ner��s�nay requit e the�n���;gag�i�suxer�o�zzalce payir�er�tis usii�g a�.y sat��ce of funds <br /> �ha�t��.e�nar��age ir�su�e��nay have avail�.�1e�vv�lich�nay��Zc�.txde fi�nds ob�ai�ec�fro�n I11Ia�r�gage r�surance <br /> �re�n�u�xas�. <br /> As �.resL�lt aF��zese ag�ee�r�ei��s, Le��der, any purc�aaser Qf�he Not�, a��o�her i��sure�°, ���y�eft�sure�, any o�h�r <br /> en�ity, or a��y�:ffi�ia�e of ar�y oF�he fareg�ing, ��ay rece�ve��.i�re�tty or ir�direc��y�} a��not�n�s����deriv�frozn <br /> �or�nig���be characterized a��_a��r��o���Bor�ovtrer's�ay�n�n�s F���or�gage I��st�ranc�, i��exchang�fQ� <br /> s11a1•ing at mod�:Cyi��the��lortgage rr�surer's�r�s1�, or reduc��g.lasse�. r:f such agree�ne�.�provic�es���a��.�� <br /> af�'��ia�e al Le�c�e��ta1{es a s11a�e of��za��st��er'���sk i�excl��.nge la� a s�lare af��le�relniuins paid to�he <br /> zz��t�rer, ��ze arr��gezne�a��s of�e�.�e���ned t'Cc��J�1Ve�'�111SU.rc'1.11C�." Fur��1e�; <br /> �a} A.ny�u�l�ag��ee�nents vvil�no�nffect�lie�.mount� �hat Borro�ver has ����eed to pay for Mor��n�e <br /> Ins�.��•�.n�e, o�• any o�;he�•terms�f�:he Laan. Sz�c�a.ngree�nen�s vviY�nat in�re�se�he �moi�n� <br /> I�orrower�vill o�ve for Nlor����e Inst�raz�ce, �nc�they w��l na�entit�e�orrowex t� a�a�refrYnd. <br /> ��} Any�ucl� ngre�Ynen�s wiii not�ffect tl�e ri.glxts I3ox•�ower�ins�-yf nY�y�-w�tl�r�spect to the <br /> 1Vlort�n�e Insu���nce un�leY•tl�e Iia�ne�vvners I'��otect�o���.c�af 1998�������o�;l�er•I�►we 'I'�a�ese rY�h�� <br /> na.ay Yn�lude the ri���t to r�ceive cer��tin disc��sures, ta rec�ue��and ou�ain cancell�ttyol�of��ie <br /> Mox�����e I��sux�ance9 to hav����e Mor��n�e Insu�•�n��term�.���tec��t�u�o�n��YcnYlyg �►Y'dlo�•ta z�eceiv�� <br /> � �•ef�xY�a af�ny l�Io�.�t�nge Insuz•�nce preYr�ii�ms �hnt were unearned.�t tlie time of s��ch <br /> cancelx��ion ar ter�nix�a�:�on. <br /> �'�. ►����gr�men� �f i���cel�a�e�u� �r����d�; Fo�f���u��. A1�M�s�el�a�eoL�s�Praceec�� �e�zere�y ass�g�le�.�o <br /> an�.s�-�all be�a�.�d ta Le�.�er, <br /> If t�ze Prope��y�s c�a�-naged, st���a.1V,Iisce��a�a.eo�.��Prace�ds s�zall l�e ap�lied�o res�ora�io��r rep�.�r of tlie <br /> P���er�y, �f�he res�ara�ion or�•epaix is econa�nically feasib�e a��d L��Zder's s��u�'ity xs���1.esse�.�ed. During <br /> suGh repa�� an�.resi;arat�a�a.���iad, Le�z�.er s��.a���z�ve��ie�ig�a.��o I�a1c�suG�l Misc���a�eous P�•oc��ds L�r��il • <br /> Le�zder has lx��.an op�ortu�l��y�o i�lspec�such I'ro�exty�.o ei�sure t�ze wa�If�as�����co�x��le�ec���Le�l�.er'� <br /> ��oo�s�� <br /> N�BRASKA-5ingle�amiEy-Fannie M ael�re��lie M ac UN1f=�RM 1NSTRlJM�NT �arm 3�z8�I�1 <br /> Vh�P� VM P6{N�}��3�2� <br /> INalters K�uw�r�'inancial Servlces Page 9 of�T <br /> - <br />