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2� 15�79�3 <br /> paym.e�����war�.�he prerniums for M�z-�gage Insu�ance,B orrav�rer sha11 pay i:he premit�ms rec�ux�ed ta <br /> ob�a��.�ov�rage substan�ially ec�uiva���l��:o�he Mor�gag�Ir�sl�rance pr�vioL�sly��:effect,a�a cos� <br /> st�bs�an�ia�ly ec�t��va�e�.��o�he cas��o B��-�o�ver af�he Mo�•�gage I�surance prev�oL�s�y in�ffec�,fr�m an <br /> al��rna�e znortgage insurer sel�cted by L�ncier. If st�bs�an�ia�ly ec�t�i�a�ent Mortgage Inst�rance coverage <br /> is na�ava�Iab�e,Bor�rnvver�ha��cont�nue��pay�o Ler�der�he amoux�t of�he se�ara�e�y�esigna�e�. <br /> payrnen�s tha�were du.e�hen the�nst�rance coverage ceasec��a b�in effec�. L��.der�vil1 acc�p�,Llse and <br /> reta�n t�aes�payme�.ts as a nan�refu�.d�.l�le loss reserve in lieu o:�Mortgage Inst�ran�e. St�ch Ioss�r�serve <br /> sha��be nor��refu�ldable,n�tw�ths�an�.ing�ll�fac��h�.��he Loan�s u���mately pa�d in fu.l�,and Le�.der sha11 <br /> zz�t be reqL�i���d t❑�ay Bor�o�er any�n�cres��r carnings on such�oss reserve. Lender ca��r�a�onger <br /> reqL��r�loss reserve payme�l�s if Mortgage In�suran�e coverage�z�a.t�a.�amour��a�.d for�he period tha� <br /> Lender�eq��ires}prov�ded by an�r�surer se��c�e�.�y Lender agarn becoxnes availab�e, �s ob�air�ec�,and <br /> Lender r��u���s separa�e�y�.esign�tec�p�.ym�r��s�o�vv�.rd�he premi�.�ms far Mar�gage I�sur�.nce,rf Lex�der <br /> r�c�uired Mortg�ge I��surance �.s a�anditior�oF m�.�cing�he Loan anc�Borrovve�was r�c�u�red�o m�.X�e <br /> separ�.tely des�gnated payrnen�s�o��.rd the premrums for Mor�g�ge In�i��ance,Borro�ver sha���ay�he <br /> prem.xu�rns reqL�ir�d to xnaxn�a�n 1Vlortgage Insurar��e��.effec�,nr to prav�de a n�n-refun�.�.ble los�reser�e, <br /> ur�t��Lend�r's�e�utremen�for Mortgage Inst�ran�e ends in ac�ordance�vi�h any wri�te�ag��emen�between <br /> Bnrrawer and Lende�prov�di�.g f�r sLich terminatiar�or•un�il��r�ni�atior�is required b�App��cab�e Law. <br /> Nothi�g in�his Sec�ion 1�affec�s Bor�rower's obligati�n�o pay in�er�s�at�he ra�e pra�ided�n�he No�e. <br /> Mo�r�gage I�asurance re�ml�t�rses Lender�or ar�y er��ity th�.�purchases t�ie No�e�fnr ce�•ta�n lasses i�may <br /> ir�c�.�r�f Borrovver d��s not repay�lle Loar�as agreed.Borrawer is nn�a party�o�he Mortigage InsL�r�.nce, <br /> Mor��age insurers evalua�e�heir tota�ris�on a�l su�h lnsurance�n force from�im�to t�me,and m�.y en�er <br /> �n�o agreeme�lts w�th o�her�ar��es tha�share ar modify�heir rzsk,a�reduce losses.These agr�emen�s are <br /> on ter�ms and cc�ndi��ons�ha�are s�.tzsfactary�a the m�r�gage xnsur�r and the o�her party�ar part�es��o <br /> �h�s�ag�e�men�s. These ag���ments may rec�u�re the mor�gage insurer�o mal��paym�x�ts us�ng any <br /> sourc�of f�inds�h�.t�he�nortgage�nsuzer may have availab�e�whxch m�y in�lucle funds-o�tair�ed fro�xa. <br /> Mnr�ga�e Ins�.�aric�pr�m�ums�. . <br /> As a res�.�1�of�hese agre�mer�ts,L�n.dery any purchaser of the N��e, anather i�.s�.�rer, any r�insu�re�,ar��r <br /> o�her en���y, ��°any affz�zate of ar�y af the for�go�ng,may�ieceive�d�r�c��y�r ir�direct�y� arnot��nts�ha� <br /> d��ive fz�om�n��mighx be characterized as}a�or�inn af Bor�ower's pa�mer��s f�r Mar�g�.ge�r�sL�rar�ce, in <br /> exchange for sharing or modifyir�g the mor�gage i�asu�er's ris1�, or reduc�ng losses. If such ag�eemen� <br /> prov�des��.��an aff�lxa�e of Lender�al�es a share of the�rist�rer's ris��n exchange fo�•a share�f the <br /> premiu�rns pa�d to�he insurer,�he arr��.geme�.�is of�en�ermed"ca��ive reins��ra�ce." Ft�rther; <br /> (A� Any su�h agreernents yv�l� n�t affect the amoun�s that Larro�ver has agree� to pay f�r <br /> �Iortgage I�surance, or any other terms of the L�an. Su�h agr�ernents tivxl� no� �ncrease the <br /> axnaunt Borrower �vv��� �we fnr Mox°tgage Insurance, and they w�ili �.ot �nti��� Borro�ver to any <br /> refunc�. <br /> (13} �n� srxch agreernents w��l r�o� affect �he r�ghts Borrower has � if any - vv��h r�sp��t t� �he <br /> l�Iartgage Insur�.nce under the Harrxeo�vn�rs Frot��tion Ac� of 1995 or any �ther �ayv. '�hese <br /> rights m�y �nc�ude the right to receiv� certain dYsc��sures� to request and obtaxn cancellation <br /> of the Mortgage Insuran�ey to have the 1VI�rt�age Insurance term�na�ed au�ama��cal�y, �ndlor <br /> HCFG-04359 <br /> NEBRASK�1-Single Fami�y�Fannle Mael�r�ddie Mae UNlFDRM INSTRIJMENT �orm 3428 114� <br /> v�Po <br /> �a��� <br /> Walters Kluwer�inancia!5ervices 20�611�515.2,2.3�98-J20�545a6Y Page�of�T <br /> * 624��95�52 7* <br />