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��1 5�71 �3 <br /> �ayments tav,T�.rd�he premiums for 11�ortgag�Insur�xa.ce,B�rrativer sh�.1l�ay�he pr�rniums rec�uired to <br /> ot�tai��co��ra��substa��t��.I�y ec�u��alent�a the Ma�-�gage znsura�zce p��vi�ousl�i�effeG�;, a�a cos� <br /> subst�.ntially ec�u�va�ent�o the cos��:o Bor�ower of the M�rtga�e Insurar�ce previ�usly���ffect,frorn an <br /> �.l�erY�.ate mort�a�e��isu�er selec�ed by Le��der. IF s�:bs�a��.t��.11y ec�ui�a�elz��Vlortg�.g�Insuratzce cave�-age <br /> is r�o�av�.il�ble,�arrower sha1�can�inue to pay�o Lend��r�he amoux���f�he se�ar��e�y design�.ted <br /> p�.yr��etzts tha�tiver�due whe�z tlze i�a.surance coverag�ce�.sed�a be izz effec�.Len�.et v�i�l�.ccep�,use ar�d <br /> r��air�these payrr�er�ts�.s a nor��-r�fu�da�ble loss reserve ar���eu�f Mor��age Insuranee, Such Ioss r�serve <br /> s�.�.a��be�1nnWrefi.l��.a�le,tz��withs�ar��.i�g th�fac��ha��he Loan�s u��zma��l�pa�d i�full,and Lend�r sh�.l� <br /> x�o�be r�c�u�e�.�o pay Borrower an��n��res�or earnings ox�such�oss rese�re,Lender�ar�no lon��r <br /> r�c�uire�.oss�°�s�rve paymen�s�f Mo�.g���Insuranc�coverage�ir�the amoun�and for the period�h�t <br /> Ler�c�er�ec�uires�prov�ded h�an��.s�ure����ected by Le�.der ag�.in be�omes avai�able,is ob�a�ned,�.nd <br /> Lender re�uir.��s�parately designated payrr�ents tov�ard�he premiums for IVlortgage Insu�°ance.If Lende� <br /> r.�c�u�red Mo�g�.g�Insura�ce as�cond�tian of ma��ng�he Loan anc�I3orro�ve�was requirec��o ma�� <br /> separa��l_y�esign�tec�paymen�s to�v�x��he prem�um.s far Mor�g�.g�I�.sux�.nce,B�rrow�r�h���pay�h� � <br /> pr�mium.s r�c�uired�o main�ax�.Mor�g�g�Insu�ance�n eff�ct,or�o prov�c�e a non-refia�.dable loss reserv�e, <br /> ur�til Lenc��r'�r�q�ireme�.�for Mar�gag�Insura�.c�en�s in�:�corc�ance w��h ar�y wx�itten agreernent�etvv�ex� <br /> Borro�u�r and L�nd�r praviding far suc�.�erminati�n o�t��.�il termination�s rec�uired by App��c�.�le La�v, <br /> N�thing in��iis�ect�an 1 Q �.ff�c�s Borrovwer's�blig�.�ion�o pay interest���he ra�e providec�i��he No�:e. <br /> Mo�g�.ge I�surance re�mburses Le�.der�or a�y er�ti�y�hat pur�h�.ses the��te�fnr cer��.in losses��m�.y <br /> i��cur�f Borra�er does nat repa�th�La�.n as�.gree�..Borrov�rer is no�a party��t�ie 1Vlor�gage I�nsuran�e. <br /> Mar�g�ge insurers ev�.Iu�.�e thei��ota1 risk�n a11 such xnsura�:ce i�f�rce from tim����ime,a�d 7m.ay�n��r . <br /> inta�.greem�n�s wi�h other�ar�i�s that share or madzfy the�r r�sk,��°re�.uce losses.These agr�ements are <br /> or��crms and.�o�ditions�h�.�are s�.��sfa�ta�to�he m�r�g�.gc ir�sur�r ar�d�h�other pa�ty�or par��es��o <br /> ��i�s��.gre�rxi�nf:s. These�.greem�r��s:�ay require�he rm.or�gage insurer 1:�make pa�men�s�xsi�g a�.y <br /> saurcc of fi.��,�.s that the mor�gag�i�5ur�r rn�.y h�ve������.b���vsrhich ma�r i�clude fu.nds o�tained from. <br /> 11��r���.ge Iri.s�.i�a�ce premiums�. <br /> As a�esult of these agreem��ts, Lender, �.r��purch�.ser of the l�ote,ar�ot�ier r��t�rer, arzy re�nsurer, any <br /> a�h�r�n�i�y,or an�af�Iia�e�f an.y af�h�foregoing,may rece�ve�direct�y ar i�dire��ly�amounts�hat <br /> �.er�v�from�ar m�ght be char�.c�erz�ed as��.pa�tian of�orrowe�'s p�ymer�ts for Martgage�nsur�:nce,ir� <br /> e�ch�.ng�fa�shar�ng or m.adifyir�g�h�rn�r�gage ir�surer's ris1�,ar reducing lasses.If su�h�.greern�n� <br /> provides that an aff'�l�a�e af Lender tal�es�.sh�re of�he xnsurer's risk in exchange F�r�.s�iare of�he <br /> premiums p�i�.ta�he��su.rer,the arr�.n��mer�t is a�t��termed"ca�five reinsu.rar�ce."Fur��er: <br /> (A} Any such agreem�nt� wi�� �ot affect the amounts that I3orr�v�er h�.s ag�reed t� p�y far <br /> M�rtgage InSuranc�, or any ot��r terms af the Laan. Such agre�me�.ts �vill nvt �n�re�.se the <br /> amou�� �Bo��v��er �v��L v�e fo� I�JC�rtg��e In�u���ce, �nd the� ���I �ot e�t�t�e ]Borro�vve�r to �ny� <br /> r�func�, <br /> (B) �ny �uch agreernents w�l� na1: �.ffec� the rights Borro�ver �a.s - Yf any - with respect ta �the <br /> Mvr�gage In�urance under �t�i� I�orrl�awn�rs Pra�ec��an A�� o� 1995 a� any �ther �a�. These <br /> r�ghts rnay xnclude th� rxght 1:0 �ece�ve c��pta�n d��cla�ures, t� r�equest and �btn�n c�tneellRt�a�a <br /> �f the 1Vlortgage Insur�.nce, tv ha,�� the l�artg�.ge Insura�c� terrninRt�d aut�mat�caxxy, andlox <br /> HCFG-fl�359 <br /> NEgRASKA-5�ngle Family-�annf�MaelFreddi�MaC UNIF�RM INSTRUM�f�T �arm 3��8�1�1 <br /> VMP�7 031�5 <br /> Wniters Kluwer�inancial Services 20�510D8�5,2,2,3288-J20�5050�Y Page 9 0#1T <br /> '`3 93 224* <br />