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2� 15�7�88 <br /> �ender pr�vid�ng for such�ermina��on ar untii�er�n�na�ion�s required b}�App�icab�e ���. ��th�ng in this Sec��an <br /> 1�affec�s Borrower's ab��ga�ion to�ay in�ere��a�.the ra�e�rav�ded ir��he�ate. <br /> ��rtga�e�nsurance r��mburses L.e�de���r any enti� �ha.��urc�h�ses the�vte} #'o�c��-�a�n lasses�t rn�y incur <br /> �f Borra�ve�-�oes�a�re�a��he�.aan as a��ee€�. Bo�r�r�vez-zs nat�part�tfl the Mar�gage Insurance. <br /> Mo��gage in�ur��-s��a�ua�e�hei��ata�risl�oz�a�� suc�.�nsuran�e ir�force fra�time�o�im�, and rna�en�er in�n <br /> agreemen��w���a oth�r part�es��a�sha�-�ar modify�h��r x�sk, 4r reduce���ses. �ese agreerne��s a�r�an�e�ms a�d <br /> con�it��m��ha� a�e satisfa��ory ta the mfl�r��a�e�ns�r��and�he ather party�ar parties�����aes�agar�e�ents. rT`hese <br /> agre�men��rna}r�equire�h��rz�r�gage insure�-�a mak.�payme��s using an���ource o�funds t�at�he�x�.�r�gag�insurer <br /> ma��.ave avai�ab����vhich m.ay inciud��unds obtained fro�Mo��ga�e�nsuran�e premiums�. <br /> �s a resu�t of�h�se agr�e�ents, �,ende�, any purchase�-�f�he No��, ano�er ins�r�r, an��re��surer, an�nther <br /> ���ity, o��ny aff�iate�f any o��he foregoing,�ay recei���d�rec�Iy�r inc�i�ect�y�am.vu�.�s tha�derive from�or��gh� <br /> be c�ara��eri���as}a po��i�n of Bor�ovve�'s pa�€r�en���Qr�Ior�gag��nsu�an�e, in e�c�ange�ar s��ring or modi�rin� <br /> � �he m�r��;�g�xnsu�e�p s r�sk, or redu��ng losses. ��suc�ag�eemen��ravides tha�an aff li�����'L�nde��a�es a share <br /> �f t�e �ns�rer's�isk in exG�an�e fo�- a s�are a�t�e�remit�ms�a�d����e insu�er, �he arr�ngem�n��s of��n�err�ae� <br /> °'ca�tive reinsuran�e." �'ur�her; <br /> �a� Any s�ch ag�-����n�� �v��� no# affec� �he a��unt� �ha� �3vrrav����- ha� agr�ed t� pa�� fa�r ��r�g�g� <br /> �n�ur�nce, �r any��her�er�s af��e Iloano 5�c�ag�-eex����s�i��nat incr�a���he arr�ou�at ��rro►�ve�-���awe <br /> for N�ortgag�Ir�suranc�, an€��hey v��l nv�gn���Ie�o�-r-a�e��o any�efun�. <br /> �b� .�.r��such�g�°�ea�ex�t�►��il n����ffec�the rzghts �m�rxv�rer has���a�y-w��n r�spec��o the l��r�g�g� <br /> �rnst�a-�a��e��d�r�h����txt�a�ner���-��e���u����Qf���8�r�ny o��e��av�o '�'he���-ig�its ma��nclud�$he a-agh� <br /> �� rece�ve �er���r� di�cl�s��r�s, �� req��s� a�d ah��in can�e������n vf �h� ���-tg�ge ���u�a�ac�, �o h�ve �h� <br /> �a�-#gag��nsurar�c��ernnin��ed autom���ca��y, ��d��r-t�r��e���a�ef�nd�f�n��I�r�g�ge�ns�x�a�ce g��n�ium� <br /> �ha�were unearned a��h���m�of�uch car�c���a��o��r��r�i��f�o�. <br /> ��. Ass�gn�en�o�'��scet�an�ou��'r�����s;�'orfeitur�e A1�� ��sc���an�Q����-o�eed�a�e�er�b�a�si�ned�o � <br /> i and sha�1 b�pai��o�.ender. <br /> �f�he Proper��is€�amaged,suc�a Misce�laneous Pra�eeds shal���app��ed�a res�.oration o�r�pa��of�he Prope�-ty, <br /> if t�e res�a�ation �r re�air is�conomica€ty feasibie and Lende�-'s securi�y �s na� �essened. .During s�ach repai�and <br /> resta�at�on �a��riod, i.ender shal� have the r�ght t� hold suc� N�i��e1�an�aus P�o�eeds t�nti� Lender has �ad an <br /> appor�ur�i�y�o �nspect su�h Pr�pe�ty�o �nsure�he wark has���n cor�p�e�ed to Lender's sati�facti�n, pr�v�ded t�at <br /> such inspectian s�a�l be undertake�promp���. ��nder rnay pay far the repairs�n�res�.ora�io�.i�a�ingle c�isburse�ent <br /> �r in��er��s�f pragress�aym�nts as the�a�rk�s cornple�e�. �Jn�ess an a�r���xzent is made�n�rit�ng or Applicable <br /> Law requires in�e�rest�Q be paid fln such Mis�e��a��ou��Proc��ds, L�nder shall not�e requ�red�a pay�or��w�r any <br /> int�res�t�� e�rnin�s o� such N.��s���laneous �'r�����s. ����� res�arat�an �r repair is �o� econ�m��ail� �`easible o� <br /> �L�nde�-'s securi�y�r�u�d be�ess�ned,�h�1Vliscel�aneous P�aceeds sha��be app��e�.�c��he�ums secur�d by this Security <br /> �nstrum�nt, ����e�her or�ot�hen due, ,usri�h�h��xces�, if a��, paid to Barr�vv�r, Such Misce��aneous Prflcee��shal� <br /> b�app�ied in the a�de�-p�ov�ded for in Se�tion�. <br /> �n t�e��ren�of a t��a��aki�g, des�ru��io�; or�oss�r�ualue Q�`�h�Proper�y, the Misc�llane��s I'rviceeds shal�be <br /> 6 app���d��th�sum�s s���zre��y thi� Securi� �nstrume��, whe�h�r or no��h�n du�, ��i�h the�x�ess, �f an�, paid t� <br /> ��r�ra�v�r. <br /> �n�he ev�r��af a�ar�ia� �aking, d�st�uc��an, or �oss in val��of t�e Pr��er��in�h�ch tne fair r�ark�t�alue�f <br /> �h�Propex�y�mmediate�y b�for��he par�i���aking, des�ru�ct�o�, ar���s�n�ra�ue��equai�o��g�ea�����ar�tJ�e ar�zQun� <br /> of the su�ns secured by�his Seeu�-�ty Ins��ument imM�edia�e����fo�����parti�I�aking, des�ruct�any or�oss�n valu�, <br /> unless B�rr�wer and L€nde�o�herv�ise agree in�vrit�ng, �he s�m�secured by�his�ecuri�y�n��rurnen�shal�be r�du�ed <br /> �y the a�aun���the�'Vlisceila�.e�us�ro�ee�.s mu�tip�ie�b��he fa����v�ng f��ction: �a}the total amount af�he s�m.s <br /> s�cure�imm�dia���y befQre the partial��king, des�ru��ion,�r�oss in�a�ue dir�ided by�h}�he fa.i�-rnarket v��ue�f��e <br /> Pr��zr�i�nmediat�l�r befare���part�a�tak�ng, des�-u�tiar�, or�Qss in�a��e. An��alance sha�l�e pai��o Borra�ver. <br /> �n��e�v�n��f a par�ial�al�ing, �I�s�r�c�io�a, or�o�s in�ralue of th��ra����y�n�vh�ch�he fa�r m�rke��a�ue Qf <br /> �he PrQ�er�imrned�ateiy bef�re th�gar���.i�ing, c�e�truc�ian, �r ios�in va�ue�s Ies���an�h�amoun�af the sum� <br /> ���ured immedia�e��r befor��he p�.��ia��a����, �.es��uc�ion, or ��ss �r��ra�€�e, un�ess�orrt��v�z�an�L��n��r oth�r�v�se . <br /> . <br /> NEBRA�KA-5ing�e Fami�y--Fan�i� Mae1Fr-�eddie �III�� UtV�FQRl�1� tNSTRUMENT �o��$���� <br /> Fo�m 3D.�8 �f�� Page S vfi '�4 w�i�►w.d��magic,��rr� <br /> ; <br /> , . . ... ... . . .. ... . . � '. - <br /> J , ' ' <br /> ' . ' - � . } <br /> • . } . � . .. • . . ' . • ' " . <br /> o , ' ' s • . • � ' � . • ..' . <br /> • . • , . e� • . ' . -� . . <br /> J • • <br /> � � • 1 <br />