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<br /> L�AN #:400"11�►�I 0�?45959
<br /> a�t�rnate m��tga�e�nsur��selec�e�by L�nd�r.If sub�tanti�ll��qUi�a�ent I�I�rt����ir��Ura����overa�e is
<br /> n��a�aila�le,�orrow�r sh�l���n�inu�#o p�y��Lender�h�am��nt of the s�pa�a�el����igr��ted p��mer�t�
<br /> tha�w�r��ue�hen th� i�tsur����ca�er�g�ceas�� ta be �� ef�e�t. L�n��r�r�ll �����t, u�� and r�tain
<br /> t�ese pa�mer�ts��a n�n-refund�ble fos�r�s�r��in I�eu�f Mart�a���ln�uran��,Su�h Ios�re�erv�s�afl
<br /> b�non-�efi�n�a�l�, nr��i�r��hsta��r��the f�ct th�t the L�an is ult�matel��air� ir�full, �nd Ler���r sh2�ll r�Qt
<br /> ��requir�d ta pa�Bar���rer any in#�res#o��arnir�gs on su�h�as�f�ser��. Len��r�a�na�anger re��ir�
<br /> io�s �es�nr� pa�r�ents if�ar��a�e In�uranc� ����ra�� ��n fhe �r�ount �nd for tt�� period �h�at L�nd�r
<br /> r��uires� pr��ride� b� ar� insur�r s�l�c�ed b�L�r�d�r a�air� ��car��s a�r�ilat��e, i�o�tained, �nd �en��r
<br /> r�q�i r�s�eparat�l�d�si�n�ted pa}�m��ts#��rard th�prem i�rn�for M�rtg�c��insUr�nc�.�f L�r�d�r r�quire�
<br /> Ilfio�tga�� Ir�surar�ce as�c�nditi�n of m��ing th�Lo����d Botr��er�as required ta rr�ak� $eparate�f
<br /> ��signa�ed payrnent�t�v�r����h� ���r�i�rns f�r IIlI�r��a�� Insur�n�e, B�rr��er�I��II pa�tl�� p�er�iurt�s
<br /> r����red ta mair����r� M�����e Ir���ran�� in e#���t, or �o �r�vi�e a ���-r�funda�ie �a�s r�se�e, �n�il
<br /> � ��nde�'� re�uirern�nt��r I�or����� I��ur�t�ce en�s �r� a��o�dart���rith an��rri#��n�g�e�rr�en���t��en
<br /> �arra��r�n� Len�ler �roviding��r such t��`min�ti�r� �r until terr�inatio�r is re�uir�� ��A�pli���l� L�v�
<br /> Nat�ing in t�is ��ct�on '���ffe�f�B�orr���r's��li���ion ta���int�rest��th�rate�ro�id�� in t��Nate,
<br /> I�1�ort�age Ins�ran�e reimburs�s L�r�d�r�or an��n�ity that pu�c�as�s tt��Nat��fi�r�rta�n I�sses it n��y
<br /> �n�ur�f���r������es no�rep�y�f�e L�a��s agr��d. Borr��ve�i�no�a�arky t�the�lar����� fnsur�r���.
<br /> I�llvrtgag� �r�sur��s �valuat� th�ir��t�l ri�k �n �i1 su�h insur�nc� in for��� fr�m tirrie t� time, �nd
<br /> : rn��r�����inta ��r�errf��t��rith ��h�r parties that sh�ar� �r rn��ify th�ir �isk# Qr redu�e losses. Th�se
<br /> ����em�nts ar� �n t�rm� and �ond�tions that �re �atisf���ar�����r� rn�rtg�a�� in��r�r ar�d tk�� o�her
<br /> �arty ����artie�� tv#hese agr��rnents. Thes� agr�emen�� ma� r�quire��e rn�r��a�e in�urer t�m�l�e
<br /> : �a�ments�sir�� �n�source of funds t��t the rrr��t�a�e ir���r��m�y�a���vailaal������h may in��ud�
<br /> � fur�ds��t�in��frorri Il��rt��g� I�suran�e pr�miums}.
<br /> As� r��u�t�f#he���c�reem�nt�, L�nd��, �n�r�Urc�as��of th�nat�, �nother ins��er, any reinsurerr
<br /> � �n� otf�e� enti��r, o� a�liate af �n� af t�� for�g�ing, rna� r���i�e {dir�c��� �r i�d�rec#I�} �mounts th��
<br /> . d+�ri�e fr�rn �a�m��ht b��h2�r��t�riz�d �s� a p�r�ian �f��rr��r�r"s payrn�nts f�r E�I�rt��g� !n�ur�nc�,
<br /> � ir��x�h�r���f�r�h��ring�r rnQ�ifying�h�rn�rt��g��ns�r�r`s r�s�C,�r re�u�ing I����s. !f��ch agre�rnen#
<br /> � pr�v�d�ed that an a�fil�a���f L�n�er takes � sha�e �f t�� in�urer'� r��k in ex�har��� for a ����� of�}�e
<br /> pr�miums �aid#��he insur�r,the ar��t�gement i��f�en t�rrned;`c�pti��r��i�sur�nce." F�rther:
<br /> - �a� Ar�y su�h a�r�eme��� �rill n�t affe�t the am�unts t�at Barr���r h�s a�re�� to p��y f�f
<br /> i�lort����insu r�nce,ar any o�herterrn�c�f�h�Loan.�u�h a�r��er��nts�if I n�t i�cr�a�e�h��rnaunf
<br /> �orr���r will�v�re f�r�lart�a��lnsur�n�e, ar��th�y v�ril! n���ntitl��orrc��nrer to�ny r�fUnd.
<br /> �b} �n� su�h ��r��rnerit��rill n�t �#��ct th� ri��t� gQr�r��rer f��� - �f�ny -��tth res���t to
<br /> th� I�or�gag� I r�s u ranc� und�r�he Hvrne��r��rs Pr�tec�ion Act of 1��S or any o�h�r lav�r. The��
<br /> ri�ht� ma� inclu�e t�� r�ght ta re���e �ertain �i�cl��ure�,#� �e����t and c�bt�in ��n�ell�tian
<br /> �f th���rtgag��nst�r�n�e,ta ha�e#h� �lartg��e i�sur�n��term�n�#e��urt�m�ti��l�y, a�dlor to
<br /> recei�� a refund of an�r I�t�rtg��� Insura��� pr�m iurn� th�t wer� �r���rn�� at tt�� �irr�e af sucM
<br /> �n��llat��n c�r#�rrriinat�an.
<br /> � 1'I. Assi�r�ment of I�Ifi�cellar���us Proc��ds; F�rf��tur�.�ll Ilflis�c�lla�ne�u�Frace��s ar�h�r�by
<br /> assi�n�d to and�hall he��i�#o L�ri��r,
<br /> lf th��rop�r�y is d�r�a�ed, sUch i�li�c�il����us Prc�c���s�hall be a�pli�d ta r�st������n or�e�air�f
<br /> the P�a�a�r�a if t�� re�t�r�t��n or re�air i�e��na�ically f��s�b1e an� Ler���r's s�c�ri�r �� n����ss�ned.
<br /> _ auring su�h r�pa�� an� restar�ti�n p�ria�, L�nd�� shall h��� �he ri�h�t fo hol� �u�h M�s�el��neaus
<br /> ��ac��d� �ntii L�nd�r ha� h�d �n ap��r�unit�ta �ns���t��,�h Pr�pert� to er�s�r�the�rQfk �a� b��r�
<br /> corn�l��ed ta L�n��r�s sa#isfac�ian, pro�r��e���rat�u�h �nspe�tion shall b��ndert�k�n�r�mpt�r. Len�der
<br /> rn�y ��y for the re�airs an� r�st�r��ion in � single d isbu rsem�nf �r i n a s�rie� of p�a�r��s paymen#s
<br /> - as the�nrork �s��mRiet�d. Unl��s an agre���nent is�n��e�n�rrit��g �r�r�pl��able L��r r�q��r�s ir,t�r�st
<br /> to b� paid an su�h Misc�li�n�aus�'roc�e�s, L�n��r�haf!no��e r��uir��t��ay Borr���r�ny�nt���s�
<br /> or�arn�r��s�n�u�h�Il�sc�1l�ne�us�roc��ds. If t�e r�starat�on �r repair is na#e�arror������y�ea�ibi���
<br /> Lender's s�c�rit�vU�uld b�less�n�d,the M�s����an�ou��r�cee�d�sha��b��p���ed to t�e s�rr�s���ured
<br /> ���his �e��r��y lnstrum�nt, wheth�r ar not th�n du�, �vith th� �x�ess, if an}�, p�i� t� B�rro�r�r. �Uch
<br /> Mis�el��ne�us P'r����d�sh���b�applied in �he ord�r pr��ided for in ��c#��n �.
<br /> : ln th�ev�nt��a tot�l takir�g,de�#ru�t��r�,o�lass i�val��of tl��Pro��rty,t���Iisc���an��us�r�c�ed�
<br /> ��all �� �R�f��� #o ��e s�rm� s��Ur�d �y thi� ���urity Instrum�nt, �r��#h�r or nvt th�n due, �r�th �h�
<br />, �xcess, �f�nyr p��d#���rra�er.
<br /> � �n�h�event of a parti�l takin�, destru�ct���, ����ss in�alue of t�e Prop�rty in�h�c�tl��fai r rrti�rk�t
<br /> ���ue �f#he P�o��r� imm�d�a#e1y bef�r�tF�e ��rtiai takin�, �e�#ru�t�or�, or I�s� in �r��u� is �qual t� or
<br /> �r��t�r t�an th�arnoun#af����ums s�cu��ed b�t�is Se�urity In�trument imme����ei�b�f�re the�a�ia�
<br /> t�kin�, ��struc�i��, �r l�ss in value, unless Bar�o��r�r�d Lend�r oth�r�i�� a�r�e� in v�r�iting, th�sums
<br /> � s��ur�� �y th�� ��curi�� instrum�nt sh�i! b� ���uced b� t�� a�n�unt �af th� �ili���ll�n��u� Pr�c�eds
<br /> mUltf�iied �y tF�e foll�wir�g fra��i��: �a� �h� t�t�l amour�t of the surx�s se�ur�d irnme�i�te�y bef�re th�
<br /> � p�r#ial t�k�r�g,d�structi�r�,flr I��s�n val���i��d�d b��b}th�fa����r��t�r�iu�of�F��Prop�r�y irnr��di�t�i�
<br /> b�fore th���rti�1�akir��, �estru�tic�n, or I�s� ir�v�1u�.An�aai�nce�h�ll be p�i�i ta Barr�u��r.
<br /> - I r�the���r��of���r�ial tak�n�� destru�tion, ar las� in�r�lue��fhe Pr�pert� in�rhich�1��f�i r rn�rket
<br /> va�ue�f t�te I�rap�rt�r irr�m�diate���efar�tf�e p�rtial t�kin�r de��ruction, or Ios�in��lue i�less t� ��e
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<br /> : lnitial�: �
<br /> : NEBRASM(1�►--Sin�l�F�miiy--F�nn�e Ma�iFred�lie?��c L�NIF�RNI�NSYF�UME�1T Form��2�1f��
<br /> E�lie Mae, In�. P�����f 1'� NEEDEED U3'��
<br /> NEEDEEC7��LS}
<br /> 11 lQ�1��1 B 0'!:38 P Nf PST
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