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201507100
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7/21/2017 8:40:58 AM
Creation date
10/16/2015 2:47:57 PM
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201507100
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��1 5�71 �� <br /> p�yments that�ere d�.�e�vv�len tlie i��s�.ra��ce�average ce�.sed�o be�n eff�c�.Lcnd.er v����accept,use�nd <br /> re�:ain these paymen�s�.s a non�refun�.�.b��1o�ss r�ser�e jn�ze�af�Vl�r�g�.g�I�Zsur��ce. Su�h Ioss reserve <br /> sh�ll��nozz-r�funda��e,notwt�hsta�-�d�ng th�fac��ha��he�►o�.n is ultima�cly pai�.in fu��,�.nd L�nder sh��Z � <br /> nat be rec�u�r�d ta pay Borrovver a�1�i�.teres�or ear�ings on sucn�oss reser�e.Lenc��r can no l���ger <br /> r�c�u�re lass r�serve pay�nen�s if 1Vlo�tgage Irisurance ca�erag.e�in the�.m.aunt�.n�.f�r the pe���d��at <br /> L�r�c�e�req�i�es}pr�v�ded by at1 ir�sL�xer sel��tec�.b�Lender again becom�s�vailab�e,�s��bta�ned,and <br /> Ler�de�r��uires s�para�e�y d�sig�z�.�ed��.yrilen�s�ow�.rd�he pr�rr�iums f�r Mor�g�.ge I�.sura�ce.If Le���er <br /> r��uired Mortgage Insurance as a c�ndition of mal�ing�he Loar��.nc�Borro�er was r�c�uired ta make <br /> separa�el�desi�.�atied paym��a.ts�a���°d the prerniums f�r Mor��agc Znsur�nce,Borrov�rer shail p�.y the <br /> pxern.i.u�s requzred ta maint�.�n�Vlor�g�.ge Insti�r�.nce in ef�ec�,ar�o pravic��a non-refu.r�dal�le�oss reser�e, <br /> un���I�et�der's rec�uireme�.�for Mar�gage Insur�.nc��nds in acca�rd�nce w�th an�,written agreemen�be-t�r�en <br /> Bor�°ower and Lender pra��ding for.such��rrn�n�.��on or t��.�il��rm�n�tian is rec�uired by Appl�c�.�hle T.�aw, <br /> �Tot��.�lg�z1 tlus Sec��an 1� �.ffec�s Borro�er�s ob��g�.tion to�ay in�:erest a�the rate pravxc�ec��n.�he N�te, <br /> Max�g�.ge Insu��.nce reimburses L�nd��°�or any er�ti�y�h�.t�urchases the Note� far��r�ain Iasses it m�.y <br /> �ncur�.f 13orrov�er d���s�c�t repay the Lo�.x�.as�.gr�e�..Borr�wer�s na�a p������he Mor�g�.ge Insura���. <br /> Mo��gage insurers ev�.lua�e�he�r#:o�al ris�{on a11 such i�sura�.ce zn�orce from��me to�ime,an�.rn.ay en�er <br /> in�o�.greem�n�s vvith o�her par�ies that shar�o�modif��hex�r��1�,or reduc�1os5e5.Thes�agre�r�ien�5 ar� <br /> an�ernls a�.c��or�di�ions�ha�ar�sa�:�sfac�ory to�he mor�g�:ge insurer�nd�h�ather pa�y�or par�ies��o <br /> these agreemen�s.These agre�mer��s m�.y require�he mor�g�.ge insurer.to mak�payments us�ng a�y <br /> source of f�u.n.ds th�.t�he martgage insurcr may�have ava�lab���v�hich rn�.y�r�cl�.��.e func�s ob��.�ne�from <br /> M�r�gag�InsLtr�.nce prenuu�ns}. <br /> As a resu��of thes�agreem.en�s,Len�.er, �.ny p�.rch�ser af�he Nate,anoth�r�nsurer, a�.�.�re��.sur�r,any <br /> other. en�z�y, ar any aff��ia�e oF any of the F�rega�n�;,may receive��.irec��y or indir�c�ly)am.ounts tha� <br /> deri.ve fraxn �or migh�be�haracte�•izec��s)�.por�xon�f Boz�rawe�'s p�.�xr�ents far Mo�gage Insurance,in <br /> e�c��.n���a�r sh�.�ir�g�r m�d�fying�he rn��tgag��r�surer's risl�, or reducing Io s s es. If such agr�ement <br /> provide�tha�ar��.fr�li�.�e of Le�.der�akes�.s�.are af�h���surer's ris1�x�.�xch�.r�g�far a share of�he <br /> premi�.rns p�.�d ta�he�nsurer,�h��.rr�.ng�-rn�r��is often�ermed"cap�ive reinsurance."Fu�h�r: <br /> tA} �n� suc� agr�ernents vtr�ll n�t �ffect th� amount� �hat Borr��er h�s abreed to pa� for <br /> Mort�age In�ur�.n�e, or any �ther° terms of t�.e Loan. �uck� �.gr��ments will not i�ncrease th� <br /> amaunt Bo�rro�er w�ll oyve for 1'VIor1:g�g� Insuran��, and they wi�l n�t �ntitle Borruv�er to any <br /> Y��l1�lCl. <br /> (1�} Any such agr��rn�nts wz�� nat affect the rxghts I3orro�er has - if an� -� with reSpect to ��e <br /> Murtgage Insurance under the I-�an�e�wner� I�rot��ti�n Act of 199$ �r ��.y oth�r Xa�v, The�� <br /> rig�ts r�.�� i��lude th� right t� receive certain dzscl�s�ares, to request and obta�n �a�celZatian <br /> a�th� TVlortgag� Insurance, to ha`�� t�ie Nlortg��e Insurance ternun�.te� autom�t�cally, �ndlor <br /> to rece�.ve a rcfund of any M�rtg�.ge insuxanc� premiumis that v�e�re unenrx�.ed at the t�me of <br /> such c�.�.ce�l�tioan ar te�minat�on. <br /> '��o As�ig r�n1�m�af�iscell�n�c�u�Proc�ed�� F�r�'�it�r�.A1�Misccl�ancous Pr�ceeds�.re here�y <br /> assign�d�o and.shall be paic��a L�nc�ero <br /> HCF���ao��� <br /> NEBRI�SKII-Single�amily-Fat�nie Maal�reddle N1ac�h11FCJR1ri INSTR!]MENT Form 3D28�10� <br /> VMNC� 431�5 <br /> Wol#ers 1�luwer Financial Services 20�51��4�5,2.2.3298-J2Q15450GY Pag�9 of 17 <br /> � * <br /> 3 <br />
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