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<br /> 2� 17� 1582
<br /> l��AN#: 1 s�'I 8779'f
<br /> alfiernate mortga�e insurer se�ected by Lender.If substantially equiva�en�Mvrtgage Irnsurance cov�rage is
<br /> not a�ailable, Borrower sha�l continue�a pay ta Lender the am�unt of the�eparately��signated payments
<br /> that were du� when the �nsurance co�erage �ea��d to be i� effe�t. Lend�r wil� au�cept, us� and �etain
<br /> these p�yments as a non-�efun�able�vss reserve in I�eu �f 11�ortga�e Insurance. S�I�h I�ss rese�v��hall
<br /> �e nan-��fundabl�, natw��hstand�ng the fa�t�hat the Loan �s u���mate�y paid in fu�l, �nd Lender�hal� not
<br /> lae required t�pay Borrawer any �nterest or earnings an such ��ss resen». Lender�an n��ong�r require
<br /> Ioss reserv� payments if IVlvrtgage Insuranc� caverage ��n the amaunt and for tM� per�ad tha� Lender
<br /> �
<br /> r�quir�s} pr�v�ded by an insurer s�lected by Lend�r again becomes available, is tain�d, and Lender
<br /> require�separate�y designated payment�toward the pr�miums�ar Mo�tgage In�ura�n �.If Lend�r required
<br /> Mortgage Insurance as a cvndition �f making the Loan and Barrower was �equ�re t� make s�parate�y
<br /> designated paym�nts toward the premiums f�r Mo�tgage Insuran�e, Borr�wer sh II pay the premiums
<br /> �
<br /> required �a ma�nta�n Mortgag� Insuranc� in �ffect, or t� pravide a non-refunda��e Ioss �eserve, un�il
<br /> L�nd��'s requi�ement fvr Martgage Insurance �nd� in accordance with any writt�n agreement b�tween
<br /> Borro�er and L�nd�r providing for such terminati�n or unt�1 �erm�nation is re�uir� by Applicable Law.
<br /> Nathing in this Sec��on �� afFects 6�rrawer's obligati�n ta pay �nte�es�at the �ate p o�ided in the Note.
<br /> Martgag�Insuranc�reimbu�ses L�nder��ranyent�ty tha�pu�chasesth�Note}f��certain lass�s itmay
<br /> incur�f 8o�rower do�s n�t repay fih� Loan as a�r�ed. Borro�ver is nat a party ta the�111�rtgage Insu�anc�.
<br /> M�rt�age Insurers evaluate �heir tatal risk an al� such insurance in for�e f�m tim� t� time, and
<br /> may �n�er into a�r�ements �r��h other parti�s that shar� or modify their r�sk, or r�duce lasse�. These
<br /> agre�ments are vn terms and conditions tha� are satisfactory �a the martgage i�surer and th� ��het�
<br /> party �or parties} to �hes� agreements. Th�se agr�ements may requir� the mort��ge �nsurer t� make
<br /> payments using any svurc� vf funds that the mortgag� insurer may have avai�af��� �wh�ch may include
<br /> funds obtained #rvm Mortgag� Insurance premiums}.
<br /> As� resu�t af th�se agre�ments, Lend��, any purc�aser�f�he n�te, another imsu�er, any reinsur�r,
<br /> an� oth�r er�tity, or affiiiate a� any of th� foregoing, may re�eive �direc�ly or indlr�ctly} amoun�s that
<br /> deri�e from �o� might be characterized as} a po�tion of Borr�v�er's payments fiar�1lortgage Insurance,
<br /> in �xchan�e far sharing or modifying the mo�tga�e insu�er's risk, ar reducing Ioss�s. If su�h agreemen#
<br /> pravided that an affil�ate of Lende� tak�s a share af the insurer's risk in ex�har� e far a sha�� flf the
<br /> premiums pa�d t�the insurer, th� arrang�ment Es o�ten termed "capti�� reinsuran e." Further:
<br /> �a� Any such agreements v�ril! not affect the amounts that Borrower h� agreed t� pay for
<br /> N�ortgage Insuranc�,orany otherterms vf th�Loan.Such agreements w�li nat�i crease the amount
<br /> Borrower w�ll vwe far Mart�age lnsuranc�, and they wil� nat entitl� Barrow r t�any refund.
<br /> �b� Any such agreements wil� n�t affect the rights Borrvrnrer has - if a� y - with respect tfl
<br /> th� Martgage Insurance under the Homeawners Protectivn Act of 1�98 or� y other�aw. These
<br /> rights may inciude the right to recei�e certain discl�sures, ta request an� �k�tain �ancell�tion
<br /> af the Mortgage Insuran�e, ta ha�e the M�rtgage Insurance terminated aut atically, and��r t�
<br /> receiWe a r�fund of any �ortgage lnsurance premiums that wer� un�arned �t the t�me af such
<br /> �ancellatian or t�rminatian.
<br /> 'I'I. Assignment of Mis�el�ane�us Proc�eds; Fvrfe�ture.All Mis�ellanevus Proce�ds are hereby
<br /> assign�d �o and shall be paid tfl Lender.
<br /> If the Prflpert� is damaged, �uch M�sceilaneous Proc�eds shall be�pp�ied�o r�est�ratian ar repaEr of
<br /> #he Property, if the restaratian or�epair is economicall� �easi�l� and L�nder�5 S��Urit]I i5 n�� I�SS�'n�C�.
<br /> During such �epa�r and restarat��n period, Lender shall have the ri�ht to ho�d �uch Miscellan�ous
<br /> Pro�ee�s until Lender has had an appartunity tv inspect such �'�op�rty to ensu�e �he work has been
<br /> campleted to Lender's sat�sfactivn, pr��fded that such inspection sha�l be undert��C�n prvmptly. Lender
<br /> �
<br /> may pay for�he repa�rs an� restaration in a single d�sbursement �r in a �eri�s f pro�ress payments
<br /> as the work is comp�eted. Unl��s an agreement is made in wr�ting �r Applicable aw requi�es inter��t
<br /> ta be paid an such M�scellaneous Proce�ds, Lender shall nat �� ���uir�d to pay� �rro�er any int�rest
<br /> or earnings on such Miscellaneous Proceeds. lf the restaratian �r repair is n�t e� nomica�ly�eas�ble ar
<br /> L�nder's secur��y would be I�ssened, the Miscelianeaus Prac�eds shatl b�appii to th�sums secured
<br /> by this 5ecurity �nstrument, whether or nat fihen du�, with the excess, if any, p �d to Borro�v��. Such
<br /> Mtscellaneous Pra�eeds shal! b� applied �n the order pra�ided far in Section �.
<br /> 1n the event�fa tatal taking,d�s�ruc�ion, �rloss�n value of the Praperty,th�Mi �c�lian�ous Proce�ds
<br /> �hall b� applied �a the sums secured �y �his ��cur��y Instrument, whether or t then due, vtirith the
<br /> �xcess; if any, pa�d to Barrower, �
<br /> In th� �vent o�a partial t�ktn�, d�structivn, o� loss in �alue of the Prop�rty ir�v�hich the fa�r mark��
<br /> �alu� af the Praperty �mmediafie�y befvre th� partial taktng, destructian, �r Ioss i �alue i� equal tv �r
<br /> greater�han the amaunt of the sums secured by this�ecurity Instrument immedi ely he��re the partial
<br /> �aking, destructian, o�- las� �n value, unless Borrawer and Lender o�hen�vEse agr� �n writing, the sums
<br /> ���ured by this Securi�y �nstrument shall b� reduc�d by the am�unt �f�he Mis el�aneous Praceeds
<br /> muftiplied �y �he f��lowing fracttQn: �a} the total a�nount a�the sums secured i m�diat��y before the
<br /> partia!taking, d�s�ru�tEon, �r Ioss in value di��ded by�b}the fair mark�t value of th���rap�rty immediately
<br /> bef�re th� partial tak�ng, d�s�ru��ion, or loss in value. Any balance sha�l be paid t Bo��ower.
<br /> In the event af a part�a� taking, destruc�ian, �r Ioss �n va�u� o�the Property ir�?which the fair marke�
<br /> �alu� af th� Property imm�diate�y before the partiai taking, destructian, ar lass ir� �vaiue is I�ss than the
<br /> ��it�als: �-�
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<br /> NEBRASKA--Single Family--Fanni�MaeJFred�#ie Mac UNIF�RlVI INSTRUMENT Form 3��811��1 ; -1 �,S �
<br /> Ell�e Mae, lnc. Page 7 vf 1� � NEEDEE❑ �315
<br /> i NEEDEE❑�CLS}
<br /> p212112�17 11 1�AM PST
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