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2� 15�83�4 <br /> pay�n�n�s��ward the premz�.ix�xs for 1VIo�°�gage Insu�•ance,Bn�rowet shali pay�he p�•emium5 te uzred�o <br /> ob�a�n cnv�rage subs�an�ia�Iy e�uivalexat�o�he Mo�� a e Insurance �•evi ' � <br /> g g � ously 1n efFec�, a�a cos� <br /> sL�bs�a�.tia�Iy eqt�iva��n��o�he cast to Bo��z�o�rer of�he M�r�gage Ir�suran�e revtousl In eff�c� fro <br /> a��erna�e mar�gage�nsurer selec��d b L�nder. If'su - • � y � �n an <br /> y bs�a�.�za�1y eqt��v�.lent Mor�gage InsL�ran�e coverage <br /> �s na�availa�le,B�z�rawer sha��cor��inL�e�o pay��L►ender�he amot���of�he s� a�r�.te� des� na�e <br /> paymen�s�ha�were due when�he�nst�ra ' � � � � <br /> nce coverage ceased to be�n e:Cfe��, Lender w���ac��p�,t�se a�.d <br /> re�azn��Zese payments as a non�r�fi�ncl�.bl�?oss reserve in Izeu af Mor� a �Insurance. Su�h I�ss re <br /> sha��b�nan-refixn�.able,n�tw���a.sta�d�n �Ile f�. � g serve <br /> g G c��ha��he L�a��is t��t�ma�ely�aid�n ful�,a�d L���.er s�a��. <br /> no�be rec�uired��pay Bor�ou�e�•ai�y�n�cerest or earnings o�sL�ch I�ss rese�•ve, Lender can�Zo lon er <br /> reqt��r���ss res�r�e paymez��s zf�Vlor�gag�Itisuranc�covera e i�l�he am�unt a�l � <br /> , , , � � d for�he p er�o d tha� <br /> Le�lder�.:equ�res}prov�d�d by a�.�nsur�r s�lec��d by Ler�d�r again�e�o�nes ava��ah�e is ob�a��1�d ax <br /> Lender r�qu��'�s s�p�.ratel desx ��.t�d �. �n�n�s�a � ' , ld <br /> Y � � y ward�he��•em�ums far Mar�gag�I�sur�.nce.If Le�der <br /> reqt���°ed 1Vloz�tg;�ge Insur�.�ace as�co�di�xn��af ma��ing the L�an�.nd.�orra�v�r was�•� ui�ed t�m�.�fe <br /> sep�.r a�eiy�esign�.ted p�.ymen-�s�ow�.rd�he rerniL�ms f��1Vlort a � <br /> . , � g ge Ins��tar�ce,Borrov�er sha�I p�y the <br /> premxuxrzs r�c�u�red�o rnain�a.in NIo���ag�I�sL�rance in effe��,or t�prav�de a n�n-refur�dable��ss reserve <br /> tin�zl�,end�r"s reqt�irement for N�or���,ge Inst�ra�ce ends�n accordance vvith ari �written a re�ment be� � <br /> Y g �eer� <br /> B a r r o w e�°�.n d Len der�rovi d�n g fo�°st��h t�rmination o�un�i l�e��n i n a�i o r�i s r e u i r e d b A �z�;�,b l e <br /> q Y p� I.�a v v, <br /> N o x h i n g�n�his Sec���n ��a f f�c�s�orrowe�'s��Ii g a�i o r��o p a y i n�e r e s�a t�h e r a�e r o v i d�c�i n t h <br /> � e N�xe. <br /> Mor�gag�Insurance��e�mbtxrs�s I.�ender�o�any entity tha�purchases�he Note for ce��ain losses it r�l� <br /> � �.y <br /> �ncLxr�f Borrovver�.oes n��repay��:e:Loan as agre�d.B�rr�vv�r is n��a party�o��e Mn�-� a e InsL�rance <br /> gg . <br /> M��t�a��insL�rers evalua�e�h��r�o�al risl�or�a��such insl�rance in force f�om�zme�o��rne anc�ma e <br /> � y r��er <br /> in�o agree�r�e�xts tivi�h a�her parties�ha�sh�.re or rnodrfy�beir risl�,or re�.L�ce�osses.Th�se a reeme�a�� <br /> g s are <br /> on��rm.s a�.d condi�zo�s that�tre s�,�;is�a.��o�°y�;o��e��nor�gage insur�x•and the o�her part ox ar�i�s �o <br /> �hes�a re�xne�.��s. T1�ese a r��r.� y� � � <br /> � g ���s rr�.�.�r�c�uire�h�mor�gag�zns�urer to mal�e paymen�s i�sing a�1y <br /> sat�rc�of fi�r��s that�he mor�g�l���xa.s�x�er rnay have av�z��ble�whi�h may i�clL�de funds ob�ained fr�m <br /> I11�ox-�ga,g�Insurar�ce pr�mit�z�.s}o <br /> As a resz���:of�hese agreemenl:s,r�.�nd�r, �ny purchaser of�he�To�e, a�lo�her xnsur�r �.�. reinsu�re�• �, <br /> ��h�r�r�t��yg or any af�lxa�e of�.�xy of t�z�f�re oir� rna . receive . � Y ��n� <br /> g �, y �d�re���y or i ndiz ec��y�arn�unts tha� <br /> cierzv�fram�or migh�be cha��.c�er�z�d�.s�a por�i��a�f Ba�rov�re�i's paymen�s f�r Mo��� a ��nst�ranc ' <br /> g g e,tn <br /> exchan��for shari�g or mo�.if��r�g�h�mortgage ins�.�r'�l'r5 I15�f, �r redL�cxr� Iosses. If st��h a reemen <br /> prov��.�s tha�a�affxl�a�e of Lend��°��.��es�.share f � � � <br /> a ����iristi�re�'s rzsk�n e�c�za�ge fo�a share o�'the <br /> premxt�xns pai��o the znstirer, �h�arran�emen�is of�en�ermed"cap�zve re�.�stirance."Fti���he�: <br /> (A� A�.ny suCh agreements yv�x� ��� affect the amou�nts that Borrotiver has a re�d to a fo <br /> g p y r <br /> �Vlortgage Insurance, or a�y other t�rms of the Loan. Such agreements wi�� n�� in�rea�e t <br /> he <br /> am�.our�t Borrav�er Vv��l awe fo�r M�rt�ag� Insur�nce, and th�� w��l n�t en��tl� Borro�ver t� �n <br /> � <br /> �°�fund�e <br /> ��� A�ay s�x�h agreem�nts �v�II mo� aff�ct the right� l�or�Q�ver has - if an - v��th res ect to <br /> Y p th� <br /> �'lort���e Insurance under �he �-Ioxx����yners Protect�on A�t vf 1998 or an �ther I�w. Thes <br /> Y � <br /> rYghts rr�ay inc�ude �he r�ght to rece��e certa�n c�iscl�sures� t� r�q��est an� o�ta�n can�e�I�.t� <br /> fl�l <br /> of th.e �Vlurtg�ge Ir�sur�n�e, �:a h�v� �he IVlortgage Insuran�e t�r�n�na�ed autama�ical7 an�lo <br /> Y� �` <br /> HCFG-�D359 <br /> NEBRASKA-Single Family-Fannie M�elF�eddie Ililac UNiF'�RM iNSTRUMENT Form 3�28�1�� <br /> VM P�3 <br /> V►loiters Kiuwer Financial 5ervices 24�5113a15,2,�,329F3-J2Q�5072$Y ����� <br /> Page�of17 <br /> *37395447��2��* <br />