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2� 1 ���928 <br /> L�AN#: 3D23�32��'I <br /> al�ernat�martgage insurer se����ed by Lend�r.!f substant�aily equi�alent Mor#gage Insuranc�c�verage is <br /> not a�ailable, Borr��r��shall ca�tinu�to pay#o Lend�r th�amount�f�he separa���y d�s��nated payment� <br /> that w��e due wh�n �h� insur�n�e coverage ceas�d to be in �ffect. L�nd�r w��i ����pt, us� and re#ain <br /> t�ese p�yments as a nan-refun�dab�e Ioss reservE in li�u of Mortgage�nsuran�e. 5uch �ass reserve s��ll <br /> be non-r�fundabi�, na�withstandin� the fa�t tha��he Laan �s ultima���y paid in full, and Lender shali n�� <br /> b�r�qui��d�o pay Borr�►��r�ny in�ere�t or��rn�n��vn su�h�o��re��n►e, Le�d�r can no��nger require <br /> IvSs �es�r�� paymen#� if Mo�t�age Insurance coverage �in the amaunt and for�he period that Lender <br /> r�quires} provi�ed by an insurer select�d �y Lend�r�gain becotr�e� ��a��a�i�, ��obtained, and L�nder <br /> r�quires separat�iy des��nat�d paymen#s toward�he premiums f�r Mor�gag�Insurance.If L�nder r�quired � <br /> Mortgage �nsuran��a�a c�ndi�ion �f mak�n� the L�an and B�rrower was r�quir�d to mak� se�ara#�iy ' <br /> � <br /> � <br /> d��i�nat�d pa�m�nts to�rard the premiums fvr Mortgage In�uranc�, Barr�`nrer�ha�! pay the pr�miums ' <br /> requ�red to rr�aintain Martgage #nsuranc� in �f��ct, o� �� pr�vid� � nan-��fundab�e I�s� re�erv�, un�i� <br /> L�nder's �equ�rement for�11�artgage �nsurance �nd� in accardance with any wrEtt�n �greerr�ent b�t�ve�n <br /> Barrawer and Ler�der pr��idir�� fvr such termination or until terminati�n i� required by Appli�able Law. <br /> Nothing in this Sec�ion �� affects E�vrr���r'�ohliga���n ta pay interest a��he rat� pr��u�ded in th� Not�. <br /> Mortgag�I�sur�nc�reimburses L�nder�or any��tity t�r��purcha�es�h�No�e}for c�rtain ivsse�it may <br /> in�ur�f B�rrow�r d�es n�t re�ay th� Lo�n as�gr�ed. B�rrow�r is na�a p�rty to th�Mvrtgage In�ura�ce. <br /> Mortgag� lnsur�rs evafua�� their to�ai risk �n a�l suGh �nsurance in forc� �rom tim� �o time, and <br /> may �nter inta agr��m�nts w�th ��her parties that share or mod�fy xheir risk, or r�duce Iosses. These <br /> agre�men�s are �n terms an� conditians tha� ar� satisfactory t� the mortgage �nsurer and th� ��h�r <br /> party �or �art�es} �a �hese agr�ements. These agr�ements may require the martgag� insurer to make <br /> paym�n�s using at�y sourc�o�funds that the markga�e insur�r may �av� a�ailabl� �which may in�lude <br /> funds�b���n�d fram Mar#�age Insuran�e premiums}. <br /> As a r��ult of th�s�agreements, L�nder, any purchas��of�h� na#�, ano�her�nsurer, any r�insur�r, <br /> any o#her entity, �r aff�liate �f �ny of th� f�r�g��ng, may re��ive �d��e���y o� indrrectly� amounts th�t <br /> d�rive fram �or m�ght be charact�r���� �s} a por�ion of��rrowe�'s �ayments �flr Mort��g� I�suranc�, <br /> in exchange f�r sharir�g or modifying the m�r#�age insur�r's risk, or redu�in� las��s. If such agr�em�nt <br /> �rovided �h�t an afiFiliat� of Lender tak�s a share �f th� insurer's ri�k in �xchan�e f�r a share �f the <br /> premiums paid to#he insurer, �he arran��m����s often t�rm�d "c�pti�e re�nsurance." Furth�r: <br /> ta� Any such agr�em�nts wi�I nvt affe�t the am�unts that Barrower ha� agre�d ta pay far <br /> M�rtgage IMsuranc�,or�ny ather t�rms of the Laan.�uch agre�ment�wit�n�t inGr��se the amaunt <br /> Barrouver v�►i�l owe far IlAartgage ��surance� and they�uu�l� n�t�ntitl� �orrawer tv any refund. <br /> �b� Any such a�reements vvi�l �at affect the r�ghts �3arrower Mas - �f �ny - with re�pect to <br /> the Mortgage �nsuran�e under th�e Homeawners f�rotectian Act�f 1��S ar any�th+er lar�u. These <br /> right� may in�iude th� right ta rec�i�e �ertai�n disclasures, to r�qu��t �nd ohtain cancellation <br /> af the Allvrt�age lnsuran�e. tv have the M�rtgage InsuranG�term�nat�d autam�ti�aliy� andlor ta <br /> receive a refund vf any Il��rtga�e In�u�rar��� pr�m��ums �hat were unearned at the time of$uch <br /> cance�lati�n�r t�rm�nat�or�. <br /> 11. Assignm�nt of M�s���lan�au�Praceeds; Farfeitur�.Afl�'llli�c�l��n�ous P�o�eeds are here�y <br /> assigned to and �hal� b� paid�o L�nder. <br /> If th�Prope�is damaged, suGh M��cellan�ous Pr�c��d��ha�l be appl��d to res�a�ation or r�pair vf <br /> the Pr�perty, if th� restarat�an or e�pair i��canamic�lly f�asibi�and Lende�'�s�cur�#y is no��essen�d. <br /> During such repair and restQrat��n per�od, Lend�� shal� have th� ri�ht t� hold such Miscellaneous <br /> Pro��eds until Lend�r has had an o�por�unity ta in��ec� such F'roperty to �nsu�e the w�rk has b�en <br /> comp�eted t� Lender's satisfact�on, �r��ided�h�t such inspection �hall be und�rtak�n pr�mpt�y. Lender <br /> may pay for the reRairs and res��ration in a s�ngl� disbursement �r in a series of prog��ss paym�nts <br /> as the w�rk �s comp���ed, Unfess an agre�r��nt�s made in writing ar Appiic�lale Law ��qui��es �nterest <br /> t� b� pa�d �n such Miscellan�ou� Pr�c�eds, Lend�r�hal! not be r�quir�d to pay Barrower any �ntere�� <br /> or earnings�n such Mis�ellaneous Pro�eeds. �f th� r�stor��i�n ar��pair is no�econamica�ly feasilaie or <br /> Lender's secu�ity would��lesser��d,�h�M�sc�Llaneaus Prviceeds shal�b�app�i�d to the sums s�cured <br /> by this �ecuri�y lns�rum�rrt, whe�her�r nat then du�, ►nr�th #�e exc��s, if ar�y, p�id �o B�rro►�v�r. Su�h <br /> Misceiianeaus �roce�ds sha�l �e appl�ed �n th�Qrder pr�vid�d for�n S�ctivr� �. <br /> !n tl�e e�►en�of a tatal taking,des�ruc�ion,ar��s��n va�u�of�h�Prop�rty,the M�scelfan�aus Proce��s <br /> sha�! be app�i�d to the sums s�cur��d by �his ��ecurity lns�rument, wh��her vr not then du�, ►►vi#h �h� <br /> �xcess, if any, paid �� Borrower. <br /> In the �ven�of� partia!takin�, destru�tian, Qr loss�n va�ue of th� Prop�r�y in which the fa�r market <br /> valu� of�h� Prop�rty immed�at�ly b�for� th� parti�l taktn�, d��truct�an, or��ss in va�u� is equ�! tv or <br /> grea��r than�he amaun�of�h�su ms��cu red by�#��s Security I ns�ru rr��nt immed ia���y b�f�r�t��p�r���! <br /> tak�ng, destructi�n, or ias� in value, uni��s Borrower and Lend�r ath�r�is� ��re� �n wr�ting, th� sums <br /> secured by �hi� ��cur�ty Instrumen� �h��� be re�uced by fih� amount �f�h� Misc�l��n�ous Prace�ds <br /> rr�u�tiplied by th� fvllowing fr�ct�an: ta} t#�� tat�l ��oun� of th� sur�ns secured Emrr�edi�tely b�fare th� <br /> partia���king,des�ru�tron,or Ifl��in valu�c�ivided k�y��}th�f�ir m�r�cet valu��f�h�Pr���rty immediate�y <br /> befare#h� partial taking, d��tru�t�on, or i�s� ir� value.Any �ala�c�shal� b� paid to B�rrow�r. <br /> 1n th� ���nt af a partia�taking, destructi�n, vr Ioss ir� valu�of th� Pr�perty in which the fair m�rke� <br /> valu�af th� praperty �mmediateiy before th� part�af taking, d�stru��ian, ar Ioss in value �s I�ss than th� <br /> NEBRASK�A--Single Fami�y--Fannie M�elFreddie Mac UNlFQRM INSTRUMENT Form 3a28�l�'I <br /> Ellie Mae,Inc. 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