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2� 1 ���289 <br /> payments�oWard��e�remit�ms f�r II�Ia�-�gage I�suranc�,Box�oti�er sha��pay�he p�•emit�ms rec�t�ired�o <br /> o�b�ain coverage subs�ar��ial�y ec�uivalent�n�he Mo��gage I�surance pz{evzot�s�y in effect, a�a cos� <br /> substantial�y equ�va�en��.o th�cost t��o��rower of�he Mor�gage Insu�'a�.ce p�evi�us�y in eff�Gt,from an <br /> alternate mortgage i�.surer sele��ed by Le�der. If substantially ec�L�zva�en�Mor��age InsL��ance c�verage <br /> �s no�avai�able,Bo��r�vv�r shal�co�.��nt�e to pay�o I..�nd�r���.e amoun�of�he separately d�signated <br /> paymen�s�hat v�ere due vsrher��he insi�ra�.ce cave�rage ceased�o be�n effec�, Le�.d�r v��1�accep�,t�se and <br /> re�air��hes�payznen�s as a non-refun�a�U���ass�eserve ir��i�u of Ma�rtgage Insu�ance, St�c�l�oss reserve <br /> sha�X be�.on-re�.���dable,���w�thst�.r�d�ng ti�le fac�tha��h�Loan�s ul�imately paid in fu��,and Le�Z�.er sha11 <br /> �z��be rec�uzred tfl pay Barrower a��y�r�teres��r earnizlgs o�.such�oss rese�ve, Lend��Ga�.n�lor�ger <br /> reqt�ire loss�•eserve payxx�.ents if Martga��Insuran�e c�verag���n th�amau�at�.nd for�h�per�fld�ha� <br /> L��Zder reqL�ires}pravi�.ed by ar�ins�.�rer selected by L�nde�•agalzl b�comes ava���bl�; is ob�a�ned,�.nd <br /> Le�1d�r rec�uires separa�e�y d�s�gn��ed payt�nen�s towa.rd.�he p1•em�ums for Mortgage I�zsur�.nce.If Lender <br /> rec�tx��red Mor�gage I��s�r�.nc��.s���nd��ian of ma��zng��ie Loax�and Barr�wer was r��uired to mal�e <br /> separ�.�e�y d�signat�d paymen�:s t�w�.r�.the premxt�ms for M�rtgage Ir�s�.�ra�nce,Barrov��r shall pay�he <br /> p�emitixrns rec�L�ire�.t�ma��x�a��.Mor�g�.ge Ir�surance i�e�fe��,or�o provic�e a x�an��eft�ndal��e Ioss rese�•ve, <br /> un�ti�Lender's rec�t�iremen�for Mor�gage Inst�rance e�ads xn�.c�orda�ce v�i�h any�vritte�agr�emen��etv�reerz <br /> Borrovver and Lender pt•�viding for.�L�c�1�ermzr�a��on or t�n���termina�in�is requirec�by A��licable�av�. <br /> No�hing in�his Sec�ior� 1�afFects Borrov�r�r's o�liga�i��to pay zn�eres�a��he rate pr�v�c�ed in the N��e. <br /> �Vlortigage Insurance r�imbL�rses Lender�or any en�ity�ha�purchases�he�Tote}for Certai�l�sses i�may <br /> �n�t�r i�Borraw�r does not repay the Loan as agreed.B�rra�et•�s na�a party�o���e M�rtgage In�ti�rance. <br /> 11ilar�gag�insurers eva�uate�heir�o�a1 ris�{on all such insuranc�tn force fr�m��m.e to�i�ne,and�nay er�ter <br /> int�agr�em�nts tiv��h other par�ies�ha�sha��e or mo�.�fy th�ir ris��,�r r�duce Xosses,These ag�eem.ents�.re <br /> on�:�rms and c�nd�t��ns t�.at ar�s�,tisfac��ry�o�h�mor�gage i��st�re�r a��.d the oth�r pa�•ty�oz•par���s}to <br /> ��i�se agreements. T�zese�.greerr�ents��nay rec��.�i�e the rnor�gage xilsL�rer��ma��e payments usx�.g any <br /> so��r�e af fi��lds�h�.t�he mc��tgage insl�rer may have�.vailabl� �which�rx.ay�n��t�c�e f�nd�o�b�a�ned fram <br /> 1Vlor�g�ge Insurance premiums�e <br /> �� �.res�.i1�af�hese agr�em���s,I��nder, a�ly purc�i�s�r of the N���, a�.o�her xnst�r��r, �,ny re�zasurer,�.ny <br /> o�h�r en���y, or�ny affi���.t� of a�.y of the farego�ng,may rec�iv��d�rectly or indirect�y� amot�nts�ha� <br /> c�erzve fr�xn�nt•migh�be ch�.rac��rized as}a por�iax�of Borrowe��'s�ayrnents for Mo.t�gage InsL�rance,ir� <br /> exchang�for sharir�g�r mc�d�fy��.g��.e m�r�gage��surerts��sk, �r�•edu�ing losses. If s�.xch agreemer�� <br /> provic�es��zat ar�affiliate of L�r�der�a.��es a share of�he�nsL�z•er's risk in e�cllange�`or a s�zare af the <br /> premiums pa�d to the�nst�rer,�he arrangeme�t is of�en�e�med"cap��ve�re�nst�ra�ace." Ft�r�her: <br /> �A} An� such agreem.e�.ts w�ll ���t affect the amounts that �arrower has agree�l to pay fax <br /> Mvrtgage Insurance, or any oth�r terms of the Loan. Su�h agreements vvi�l mot xncr�ase the <br /> a3mount Borrov�er tiv�l� ovve far �Iortgage Insurance, anc� they wilX not �n��t�e Barravver to a.ny <br /> r�fund. <br /> �I3} An� such a�reements �v�x� no� affect the ri�hts Bor�°ower has �- �f any -� �y�th respec� to the <br /> I�Iortgage Insurance un�er �he Home�v�ners Prot��tion Ae� of 19�8 �r any other xav�. These <br /> rYghts rnay �nc�ude �he r�ght to �°��e�ve certain dis��o�ures, to req�.est and ob�a�n �anCe��a�ion <br /> af t�� Mortgage Insuran��, to have the Martgag� Insurarice �erminated automatxcally, andlor <br /> HCFG-0�359 <br /> NEBRA5KA-5ingle Family-Fannie Ma�TFred�ie�lac�N1FDFiM INSTRUMENT F'orm 3�2$�14� <br /> VM P0 07'1�5 <br /> 1No{ters K�uwer�inancia�Services 2a16�107�5,2,2.3298-;12��50728Y Page 9�f�T <br /> *224 88 G2�1* <br />