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2� 1 ��5981 <br /> Insurance pre�iousl�in effect, at a c�st substantial�y �qui�alen� �o the cas�to Borrower of the Mor�gage Insurance <br /> pre�iously in effec�, from an alternate mortgag� insurer selected by Len�er. �f su�stan�ially equivalent N.�ortgage <br /> Insurance coverage is not a�ailab.le, F�r.rau�er sha�l cot�t�nue to pay to Lender�he a�maunt of�he separate�y desi�na�ed <br /> payrraents tha�were due when the insuranc�co�erage ce��ed��be ix�effect. Lender will accep�, u�e an.d retain�hese <br /> payments as a non�refundable loss reser�e in���u of Mart�age�nsuranc�. Such Ioss reser�e sha1�b��nn�refundable, <br /> n��with�standing�he fac�that�he Laan�s ultinlateiy paid in fu��, and Lender shal�not be required to pay B�rrower any <br /> inter�st or earn�ngs�n such loss r�ser�e, L�nder can no Iang�r�equir��oss re�er�e paymen�s if Mart�age Insurar�ce <br /> �a�erage�ua the amou�at and f��the��r�od�ha�Lender.requires�provided by an insurer selected by Lende.r again <br /> bec�mes availab�e, is �bta�ned, and Lender r��u�xes separately des�gr�ated payments �vward �e pr�miums for <br /> Mor�gage In.sura�nce. �f Lender�eq�z�red Mort�ag�Ir�suran�e a��.c�ndi�io��af��kin.g th�L,aan axad Borro�ver vWas <br /> required�a�nake separat�ly��signat�d pa�rrients tov�rard�he prernium�for Martgage Insura.nce, .B�rrow�r sha��pay <br /> the premiums requ��ed tQ main���n Mar�gage �ns�ra�ce in�ffec�, �r to pr�v.�de a n�n-r�fun�ab���ass�•eserv�, until <br /> Leflder's requiremen�for Mor�gage I�suran���r��ds ir��ccordan�e�vi��any v�ritten agreemen�be�v�r�en Barro���-ar�d <br /> Le�a�er pro�Yding for such termination�r u�t�l t�r�ninati�� i�requ�r�d by App����bl��aw. �othi�� �th�s Sec��o� <br /> 1 U affects Barrawer's ab�igat�on�o pay inter���at the�-ate prav�ded in�he Note. <br /> Mart�age �t�suranc�rei�burse��ender��� ar�y enti�y�hat purc�a.ses the Na�e} fQr c�rtain 1�sses it may �r��ur <br /> if JBorrovver daes not repay the LQan as agr�ed. Bo��ow�� �s n�t a party to th�Mo.r�gage Insuran�e. <br /> 1V�ar�gage�nsurers��alua�e the�r�Q�1 r���nn a��such insurance�force fr�m�irxae to�ime, a�d may enter in�a <br /> agreemen�s wi�h other parties that shax�ar mod�fy�heir r�s�, or r�d���� loss�s. T��se agreemen�s ar�vn t�rms and <br /> cand�t�ons�hat are satisfactary ta the nr�or�gag� �nsur�r and th� �ther part}� �or�arties}to�hese agreemen�s. �`hese <br /> agreements may requ�re�he r�or��age ins�ar�r t�make paym�nts usir�g aray s�urc�af funds that�h�m�rtgage in�ure� <br /> may ha�e avai�a��e[v�hich may in�lude funds�bt�in�d�rom M�ortgag�lnsurance premiums�. <br /> As a result of�hese agreements, L�nder, any purchase.r of��e Note, another insur��-, any.reinsurer, any o�laer <br /> entity, or any af�iliate of any af�h�forego�ng, �nay r�c��ue(directly�r ir�d�r�ctly}amau�a�s�hat deri�e fram�vr might <br /> be char�cterized a�}a por�io�of B�z-r+�wer's pa�ments for�'r�ortgage Insurance, �n exchang�far sha�i.ng or modifying <br /> the m�r�gage insurer's risk, �r�educing loss�s. �f su��a�r�ement pro�ides that a�n aff I�at�of L�n�er�ake�a s�are <br /> of the insurer's risk u� exchange for a share Qf the pre�iums paid to the ir�surer, the arrangemer���.s af�en t�rmed <br /> "capti�e rein�urance." Further: <br /> (a} An� such agreemen�s will not �ffe�t �h� amau�ts that BorrQwer has agreed to pay for Mor�gage <br /> InSuranc�, or any a�hex t�r�s�f th���an. S�c� agre���nts�v�l�n��in�rease the��nunt Barrawer�vi�l �►�ve <br /> faa�I�IQrtgage Insurance, and they�i�l not entit�e Borrower�o a�y refv�d. <br /> (b) Any 5uch agreements vvii� n��affect the rights� B�rrower has - if any -w�th respe�t�� the N�ortgag� <br /> Insurance under the Homeowners�rote�t��n Act of 1���or an���ther Iaw. 'These rights rnay ine�ude the r���t <br /> to x�c�iv� c�rtain discla5ur�s, �o re��est and obtai� c�neel�atio� vf �h� 1�artgage �nsurance, t� ha.�� the <br /> Mortgage Insurance term+i��ted autor��t��a��y, andlor ta pe���v��r�fund o��ny M��-tgage Inse�ran�e�remiurr�s <br /> that were uriearned at t�e txme of such car��ellat�on ar t�r��na#ia�. <br /> 11. ,A.ssignment of�sce�laneous Prac��dss���-feite�re. All M��c���ar��ous Froceeds ar��.�r�by a�sig��d to <br /> �nd sha11�e pa�c�tQ��nder. <br /> Tf�he Property is da.maged,such Misce�la.�evu�Proceeds�ha�l�e applied tv r�storation or reFair of�he Praper�y, <br /> if the res�4ratian or repair is ec�nom�ca��y feasible ax�d Lend��r's s��urity �s�ot le�sened. During such repair and <br /> restora�ion period, Lender shaIl ha�� the rig�.t to ���d su�h ��scel�aneous Proceeds until Lender has had an <br /> opportun.ity�o �nspect such Prapexty ta�ns�ar�t�e work��as b�en cflmpleted to Lender's satisfact��n, prav�d.ed �ha� <br /> such inspection shal�be undertaken pr��np�iy. I�erd�r may pay f��the r�pairs ar�d restoxa�ion in a sit�gl�d�s�urs�m�nt <br /> or xn a ser�es Qf progress paymen�s as�he wor�C�s co��pleted. �nless an agree�nent�s�nade in writ�n��r Applicab�.� <br /> Law requires in�erest��be paid on such N��.scellan�a�as�roceeds, .Lender s��al��flt be requ�red ta pay BorrovWer any <br /> �nt�rest or �ar,n�n�s on su�h �is�e�lan�ous P'roGe��s. �f the rest�rati�n or� repa�r �s r�at ec�nomicaliy feasible or <br /> L�nder's secur��y wa�.l.d��le�s�ned,the M�sc�llan�ous Proc��ds sha���e appli���o the sums secur�d�y�his Se�ur�ty <br /> �z�strument, whether flr�o��hex�due, v+�i�h the�xcess, if any, paid ta B�rro�v�r. Such Miseell�neo�s Pro��ed�sha�l <br /> be app�ied iri�he�rder pravided far�n S�cti�n�. <br /> NEBRASKA--Single Family--Fann'r� Ma�IFredd'+e Mac UNIF�RM lNSTRUMENT- MERS �Q���f� <br /> F��m 3Q2$ 'lID� P��� 8 of '�5 �vww.doemagi�.�odrr <br /> ,. . <br /> . <br /> . <br /> .�.{ <br />