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2� 1 ���371 <br /> pa�rmen�s to�ard the premiuxlzs for Mo�-�gage Ix�suran�e,B or�`��ver shall pay�he premi�.ims�eqL�ired�o <br /> o�b�air�covera�e�ubsta�at�alXy eqL�ivaler�����h�Mor�gage I�sl�rance pt�ev�oL�s1y�n�ffec�, a��c�st <br /> st�bs�a��;ia�1y�qt�ivalent�o�he cast t�Boz�.�a�rer of�he Martgage Insurance prev�at�sly in effec�, fi�zn an <br /> a��er�a�e mQrtgage�nst�rer seXec�ed by Lender, If subs�antially eqt�zva�ent Mo���gag�Instira�.Ge cn��rage <br /> is r�o�a�a���.b�e, Bot��ow�r shall con��nue�a pay�o Lender the amoun�of�he separa�el�designatec� <br /> paym�n�s�hat were dL�e when��e inst�rance coverage ceased�o be in effec�. Lender wi1�accep�,L�se and <br /> r��a�n��Z�se paymen�s as a non�ref-unc�able�oss reserve in lieu af Mortgage Insurance, Such ioss reserve <br /> shal�b�nan�-refi.��ldabXe,no�wit��st�.�.d�ng tihe fac��ha��he Loan is u�tima���y paid�n fi��l,anc�Ler��.er shal� <br /> n��b e r�c�u���d�o p ay B o�.•ower atly�nteres�or�a�.1�r�gs on such lo s s res���e:Lender can n�I�r�ger <br /> req��ire��ss�°eserv�pay�r�e�:ts i�'Mor�gage znst�r�.nc� c�verag���:n the a�nouzlt an�.for the period��a� <br /> L�x�de�requz�es}provided by a�a:insurer se��C�ed��Lender ag�i�l be�ames ava�lable, �s ob�a�ned, ax��. <br /> L:end�r r�qui�•�s se�ara�ely desig�ia�ed p�.yments�oward.�he premiums for Mor�g�:ge Insur�.nee.If L�x�cl�r <br /> rec�ui�°ed 1Vlo�gage I�st�rance�s�condit�an of m�1ci��g the Loan and Borra�er w�.s reqt�ired to m�.ke <br /> sep�.ra�e�y d�signated p�.y�nents t��v�r�.�h�premit�ms for Mor�gage I�ZSL�ra��.ce,Borrov�er sha11 pay�;he <br /> prem.iurns r�c�i��red to mainta�n Mortgage Ir�surance ir�effec�,or to prov�de a n��-refunc�able loss reserve, <br /> t�n�i1 L��dex�'s r�quirem.en�f�r Mortgage�nst�rance ends in accordar�ce w��h ax�y�vritten agreemen�be�we�n <br /> B or�•o�re�9 and Lenc�er p�oviding fn�•such xermination or t��til�ez�.-n�x�a�io�x�s requ��•ed by Applicab�e Lav�, <br /> No�hing�n��.is Sec�i�n 1.D affec�s B�rrower's�bligatin�.ta pay xr��erest a��he ra�e pr�v�ded in�he Na��. <br /> Mortgag�Instxrance�•e��mburses Len�.er�ar any en�ity�hati p�.�rchases�he No�e�for ce��ain�osses i�ma�r <br /> ir�cLir if.Bar�o�ver c�o�s�.o�repay the Loan as agreed,Borr�wer�s no�a par�y�o�he Mortga�e Inst�rax�ce. <br /> M�r�gag��nsurers eval�a�e�he�r total r�sl{o�a�l suc�.insur�.nce in force from t�m�to�im�,a�.c���nay enter <br /> �n�a a�rce�nen�s wi�h��he�par�ies�ha�share or mod�fy their ri�l�,or reduce l�sses.These ag�ree��netlts are <br /> on�errras and�o�zditions�ha�are sa�isfactory t��he znortgage insurer and�he o�h��partY��r par�ies}�o <br /> �hes�ag�°e�rn�n�s. These agr��men�s may rec�u�r��he xnnr�gage i�surer to rrial�e payments usi��.g a�y <br /> so��rc�of fL�r�ds�ha����e mortgag�i�lsurer may ha�e a�ra�lable�v�h�ch xr�ay inciude fi��ds ob�ained fr�m <br /> Mortgag�Insurance prernitims�. <br /> As a r'esl���o£�hese agreemen�s,Lender, a��zy purchaser�of�he Note, ano�he�insure�r, any rexnsurer,�ny <br /> ��her�nt�ty, �r any ar.�Ixat�c�f any�f��.��'oregoing,rnay recezve�dire��ly or indirectly} am�t���s�hat <br /> derive fraxn��t migh�be charac�erized as}a po���ion of Bo�*rawer's p�,yme�.�s for Mo�-�g�.ge Insurance,�� <br /> exchange f�r shart�g�r xn�di�'ying�he mor�gage i�surer's ris��, or�redL���ng losses. If such agreement <br /> . p�ov�des that an affil�a�e of Len�.er�a��es a share of the i�suz,er's�isk�n exchange for a share of�he <br /> pren-�iu�ns paid to�he ins��rer,the arrangement xs often termed"cap�ive reinsl�rar�ce,"Ftxr�her: <br /> �A� Any �uch a�ree�ments yvx�X nat affe�t the amounts that Borrovve� has a�reed ta pay for <br /> �Iortgage Insuran�e, o� any other t�rms af the Loan. Such agr�ements �ill n�t �ncre�se the <br /> �m���� ���°r���� ���� ���� fo� M��t��ge In�u����e, �nd th�� ����� ��� e�t�t�e ���ro�e�� to ���y <br /> refund, <br /> (B� Any suc�. agreem�nts �vill not �ffect th� r�ghts B�rrower has - �f any -� w�th respect to the <br /> Martga�e In.surance under th� Hom��wners Pr�te�tx�n Act �f 199� �r any ather �ativ. These <br /> rights rnay �nc�ude the right to r�c��v� c�rta�n c��sc�asures, to rec�u�est �nd obta�n cancellat�on <br /> of the N�axtga�e Insurar�cey to have the Mor�g�.ge Insuran�� termin���d autom�t�ca��y, anc�lor <br /> HC�G-�0359 <br /> NEBRASKA-Single�'amily-Fannie MaelFreddie Mac IJNIFDRM INSTRUM�NT Form 3D28�Ia� <br /> VM f'C�3 <br /> �71�5 <br /> Wafters Kiuwer Financial S�rvic�s 241GO�a715.2.2.3298-J�a154728Y Page 9 of�7 <br /> *2629 �62�6* <br />