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��15�155� <br /> can�;��.ue to pay t�L�nd�r the a�naunt of�he�epara�ely de�fgna�ed paya.nen�s��ia�w�re due when�he <br /> ��sur�:nce cflverage ceased to be z�.effe��. L�t�der wi��accept, use and re�ain thes�payznen�s as a <br /> non�refunc�a�le�oss reserve in�ieu af Mor�gage Insura.nce. Such Ioss reserve sh�.���be�or�-refunda���, <br /> r�o�wi�llstar��fng�he fact��ia��l�e Loaii is t�����na�e�y�aid��f�.�.11, and Lender s��a11 no�be requir��.to p�.y <br /> Bor�av�e�ar��r interes�ar ea.�nings or�such�oss reserve. Lende�can r�o�o�zge�re�uire lass reser�e payme�.�� <br /> if Ma��ga�e r�sura�ce coverage�i�1�he�znou.�zt�nc� for�he per�od�ha�Lender requ�res�pr�vic�e�Uy an <br /> insurer sele��ec��ay L�r�der aga�n�a�caznes av�.tlable, is�b��.ined, anc�Le�.c�er rec�uires se�a�a�e�y�esignatec� <br /> �ay�nents�ov�a.rd�he pxezr��ums for Mor�gag�I���ur�.r�ce. If Lender requi�ed Mor�gage Ir�surance as a <br /> cor�d�����z of�nalc��.g��.�Loan and BorroVver vvas�eq��red���nalce sepa�`al:ely des�g�za�ec�payrnent�tioward�he <br /> prex-ni.u�n� for Mor�gage Insur�ce, B�rr�wer sha��pay�he pre�niu�r�s requ�red to tnaintairi Mor�gage <br /> Ir�surar�ce in e:ffec�, or�o prc�vide a�on-refundab�e lflss reser�re, u����Lender'�requi��zne�.t for Mar�gage <br /> Insurance ends ��.accordance w��h any�vri��en a�re��n�n�betv�een.Lflrrovver ar�d Lend�r pr�vidi�lg for such <br /> �erm�ria��oz�or un�il�erinina�ioi�is req�uirec�by A�p�zcabl�Law. No��1i�g��.�1zis Sec�io� 1� affec�s <br /> BarroVver's ob�i�a�ion tn pay in�:er�s�at the ra�e provic�e�Yri t�1�No�e, <br /> Mo��gage It�sura.r�ce reimburses�:end�r��r any er��i�y�ha�purch�ses�he No�e} for certai�losses it tnay ir�cu� <br /> if Borravver�.oe�nat re�ay the Lo�.n as agreed. Lorrower is no��party�o�he Martigage�nsuran.ce. . <br /> 111Ior�gage i�surers e�aluate t�zeir�.otia�ris��on.a�� su�h inst�ranGe i�force from�itne to ti�r�e, an�.may ente� <br /> �n�:a agreet�nents with otller�a�ties that share o�mo�.ify�lzeir r�sl�, Qr reduc��osses. Thes�agre�men�s are on <br /> ter�ns a�lc�co�d���ons��aa.�are sa�isfac�ory�o the inortgage insurer az�d�he o�h�r party�ar pa�ties��a these <br /> agree�ne�lts. These agre�zne�.�s�nay require�he�-nor�:gage�nsu�'e��a�na��e pay�ne���s us��.g any souree of funds <br /> �ha��he�-no��gage insurer tn�.y��ave availa�le�wh�ch�a.1ay�nc�ude fu�z�.s obtai�e�.fro�n Mar�gage�ns�.ra�.ce <br /> pre�n�ums}. <br /> As a resu�t o�'tl�ese ag�ee�neri.ts, Le�der, any purc�iaser nf��le Note, a.no�her insur�r, any rei�su�er, any a�her <br /> en�i�y, or a�1y affilia�e of any of t�ie faregaing, lnay rec�ive�direc�ly or indir�c�I�� �.mauntis tihat derive frot�n <br /> ---_�_____ - �ar�ruglz�be chai ac�e��ze�.as} a�aor�ia�of Borrowet•'�pa�inen�s fo�Mortgage Ynsurar�ce, in exchange far — �—�--- <br /> sha���ng��r�.no�.i��r�ng�he�nti��gag�ins�.��er's ris1�, �r�u��cing losses. If such agree�n����rflvides��a�at� <br /> affi��atie�f Lender�a���s a s��are of�he��.suxer's ris1�in exchange fo�r a shar�of�h��re�niuins paic�tio�he <br /> �r�sure�, ��.�a�razag�me����s ofter���rxr��d"c�.p�ive re�ns�.r�ce." Fur�her: <br /> �a} A.ny such �tgree�nen�s w�i�.��.ot�ffect the amo�Yn�s that I3orrowex•��as a�recd to pay far Mor����e <br /> Ynsurance, or any other terms af xhe Lo�n. Suc���g�•eexnents wi�l not i��crense�l�e�.moY�nt <br /> l3or�•awer YviYl owe fa�•Mort��ge Insurance, anc�they w���not en�itle I3orrower�o any refr�nd. <br /> ��� Any such ngreements will no� affect the righ�s Borrawer has�-if�.ny�w�th respect�a the <br /> N.�ortgage Ins���ance unde�the�Io�neow�aers Pxo�ec�ia���c�of 1995 or any o�he��l�w. T�iese r�ghts <br /> rn�.y xncXuc�e tl�e�-igli��o�•eceiv��ex����.disc�asi�res� �o rec���est�►nc�ob��x�x�ca��.cella�i�n of��ie <br /> Mo�4tgage Insur�.nce, to hnve th�Mor�g�ge I1�5`ir�l�ce terxnina�e��uta�na�ic�tlly, ar��lor�o rece�ve <br /> n refu�Y�of�►Yiy 1Vlortgnge In�u�.•ance premlums that were unearned a�tl����in�of such <br /> c�ncel�a��.on o�•�e��mxn���ome <br /> 'i'�. A��i�nm�nt o� M��cellane�u� Pro��eds; Forf`�i�ure� A�1 M�sce�laneous Pt oceec�s at,e 1�ere�y��sig�ze�.to <br /> a.nc�sha11��pazd�a L�tlder. <br /> IF��e Praper�y is da�nage�., suc�a.Miscella�eous Proceec�s sha11�e ap�alied to res�or�.�ion ot�epair of t�le <br /> P�oper�;y, if t11e t•es�a�a�ion o1��epai�is econoinically fe�tsi�le ar�d Lenc�e�•'s securi�y is no�lesse�zec�. Dur��g <br /> s�c�i�ie�aair az1c�res�ora�io��perfo�., Le�der sh�.11 ha�e��le rig�lt�a�old such Miscella�eou�s Praceeds un�z� <br /> Le��c�e��1�as 11ac�a.r�oppor�u��i�;y�o i��spec�such P1 o�er�;y�:a et�su�e�he�vox��I�as bee�carnple�ec�to Ler��e�'s <br /> 24��797Q <br /> N�BRASKA-Singla Family-Fannle M aelFreddie N!ac�NI�C3RM INSTR[JM�NT Farm 342��1�� <br /> IIM P Q VNi P6�N����30�} <br /> W�Iters Kluw�r Ffnancial Servlces Pac�e 9 nf�7 <br />