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2� 1 ��5�5 paymer�ts�oward the prem.i�ums for M�rtg��I�sura��e,B�rr�wer sh��pa��h�p�em.�ums r�quire��o n�b�a�n c�vera�e subs�anti�.l�y�qu�iva�ent to��.�M��age��su�•ance prev�o�s�y in effect, at a cost subs�an�ially�q�.�v�.�ent i:o�h�c��ta��r��rer of t��gage Insur�.nce pr�v��us��i��ffec�,�ron�a� a1��rna�e�rnQrt�ag��nsurer s�1�c��d b�L�nder. �f subs�antia��quiva�en�Mortgag�InsL�rance c�ve�age 1s�o�avalla�b�e,B�rr�v�er s�a�l contlnue to pay to Lender�he am�unt of�he separa��y desx�nate� �ay�me�ts tha��vvere d��rh�n th�ir�suran�e�av��age c�ased�o be�n ef��c�, Le�.d�r�wil�acGept,u�e and re�ai�:these�aayn�e�ts as�.x�o�.wr��ndabl��oss res�rv�i�a��u of N.��rt�ag�Insur�..�:ce. Suc��o�s xes�rve �hal��e non�r��undable,no�vvi��.s��nding�h�fa�t�ha��he Loan��u��ma�ely�ai��n�u��,and��n�.er sha�� �o��e�•equ�red to pay B�rrav�r�r any�n��st�r eaxnin�s on su�h 1as�rese�re.�,�nd�r�a�no Io�ger re��.ir�l��s reserve pa�rr,��n�s i��11.��tga�e��.s�ura�c�c��era��in�h�amou��a�d for th�p�rind t�.a� Lender requires�provi�e�b��.n�nsur�r�e��c�ed by Ler�der��air��ec��n�s ava��able,��ob�ain�d.,a�d L��.c�er requ�res��parate�y des��na�ced pa�n��n�s ta�vva�d th�prem�u.ms far N�o��a��Ynsura�a.�e.I�Le��e�• x�q�.ired�ox•��a�e�n�u�ar�c�a�a co��.�x�i�n o�making�11e�.o�n and Bor�owe�-was r�r�u��d�o make ��parat��desxgna��.paymen�s to�ra��d��e�r�iniums�'ar M�r�ga�e I�.sura�.ce,k3or�ow�r sha�1 pay t�e premi�.ms�requi�e�.to�naintair�Mor�gag��nsura�.c��n�ff�c�,or�o�r�vide a no��e�un.d�b�e loss reserve, ur�t�1�er�d�x's��equir��n.ent�or�,1�Iar�ga��s��an��ends ix��.ccardanc�wi�h�ny wri�e��.gr�ern��t b�twee� ��rrovver an�.Le�.der prov�din�fa�r such t�r�i�a��on or untz��ermina��on�s requ��ed b�r App�icab�e Law. �o�h��.��n t�zs �ecti�� 4 affe��s Barxovv��r's�b��ga��o�.��pay int�r��he�a�e prov�ded in�h.�Note. �or�g�.�e Insuran�e r�ix��ur��s�,�nder��r any��ty tha.t��rcha�es t�e Nate)for�er�a��oss�s��may incu�•if Borr�vver does not re�ay t��L�a�.as a,��c�.Bo�row�r is n��a�arty t�th��Vlor�gage�nsur�.�.��. Mo��g�ge�ns�rers e�ra�ua.t��neir�a�a�r�s�on a��suc�a�nsurar�ce ir�forc�froxn ti�ne to t�me,anc��n�,y��er into agr�em��.�s vsri�h��her parti��ha�sha�re a��n�dxf�r�he�-risk,or redu��Iass�s.�`hes�a�re�nr��.��are �r��ms an�.c�ndi�iar�s that ar��a�is�a�tc��y�a t�e m�r�g�.ge i�sur�r and�he a�h�r par�r��par�i�s�to tkaese ag�:•eernen�s.The�e�,gr�er��n��ma��•equi�•��IZ�rnortgage i�.sur��i:��.a��payxnen�s us��g a�y s�urce of�u�:i�.s t�at the mar�ga��insur�r m�.y hav�avai��.b�e�v��.ic��a��r�c�ude�u�.ds�b�.in�d from Marxg�ge Insuranc�px�x��u�s}. As a resu��❑f��ese�.gxeem.e�ts,��nd�r,�.n,y�urch�ser a��he N�t�,��athex��.�u�rer,a�.��e�ns�r�r, a�.y ath�r enl�ity��r a�.y a�fil�al:e�f a�.��he f�regoing,rx�ay rec�i�e�dxrec��y or�n��r��.��amou�.�s that derive f�arn(or m�gh�be charact�r��d�.s�a por�i�n of�vr�awer's pa�r��ts��r N.��r��ag�I�st�rance;in e�c�a�ge for s�.aring�r madifying�he nlor�gag�i�sure�r's risk,or r�d�xcing lasses. �f su��1 agre��nen� ��r��r�d�s��ia�am aff�lzat��'�.e�.der�al�� a shar��of�Ii��nsu��°'s��is��ir�exc�a�ge Y"��a�ha�•e o��ie pr�mi�.�s pa��.�o��.��x�sux�r,�h�ar�an�emex��s of�en t�rm.e�."ca��i�re reix�sura�n�e,"F�rth�r; (A� .�ny ��ch �.gr�er�ents rvv�� n�t a�f��t t�e a��.��s t�at �arrov�v�r ha� a�ree�. to ��y f�r Mart��e Insuxamce, v� any �th�r t�rms Qf thi Loa�, �ueh a�r�eme�.�s �v�i�� n�t at�.cr�ase th� a�aunt �arr�w�r w�� r� �oxt�a�� nsuranc�� ax�� t�e� vvi�� t erit�� r�vv�r tio a�y re�u�d, [I�} Any ��ch agr��ment� wi�� n�t a�'��ct t�x� ri�ht� ��rrov�er ha� -� if an�� w�th r�sp�ct to th� ��rtgage I�sur�n�e un�er the I�o�m�aw��x� Pro�ectx�� A�t �f 1�98 �x a�,� ath�� avv. Th�se r�ght� �may i�ncl.ude the r�.g�t t� re�ei�� e�r�a�n dxs��.asu�es, ta r�qu�s� and �b�ai� ��.�x�e��atxo�n o� th� M��t�a�e Ir��ur�nc�, to h�ve t�e Mar�ga�� Ix�su�r�nce �ermi�aat�d� au�amat��l�, a�adlor HC�G0��59 N��RASKA-Sir��le��mily-�an�ri�MaelFredr�ie Mac L1N�Ft3RM�NSTRUM�NT �'arm 3�2��p� VMPC� ��r.�� 1Nolt�rs Kluw�r�inan�iei��rviGps 2�16��2015.�.2.32�8�J�0�50��3Y Page 9 01'�IT * � ,�