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2� 17�251 � <br /> . <br /> . <br /> � L�14�11#: DCa�NB7�3'!?4�?8 <br /> a�fi�r�a��r�o���g�i�s�rer��lec�e�d by L�����:�f subs�a���a���equi�a�en��o�#�a���ns�ra�c�coverage�� <br /> no��ya�0a��e, �3�rrov�er shai�can������a pa���L��d���h�arnoun�of�h�s��ara���y designat�d pa��ents <br /> �ha��er�e d����er� �h� �nsur�r��e c��e���e �e�sed �� b� in ef�e��. Lender�nril! acc��t, us� and re�ain <br /> t����payrr��n�s as a�a�-r�fur�d�b�e lo�s r�s���in l��u vf�ortgag���su�ar���: ���h ���s resenre s��i� <br /> � be r�o�--r�fundab�e, no���hs�ar����g �ne f�ct�ha��h� Laa� �s u���mat�ly pa�d �n fu��, �r�d L��d�r s��!! no� <br /> ��r�q�ired�o pa���rr��r�r�r�y ir���r�s�or�arn�ngs on sucn �oss res�r�e. L�nder�an n�long�r�e�uire <br /> lv�s res�rw� pay�nen�s if ���ga�� �nsura�c� cav�rag� �in ��e a�mour�t and for�he per�od �ha� L�nd�r <br /> r�quir�s} pr��id�d �� an �nsurer s�f���e� b�r Le�der a���r� ��c�mes ava�lable, is obta�n�d, ar�d Lend�r <br /> r��t�ir�s s�eparat��y d�s������d paymen�s�o��rd�h���erniums f�r Mor�g��e[nsurance.�f L�nder requ�r�ed <br /> �or����� ��s�ran�e as a c��di�iar� �f m�k�n� th� L�an a�� �orra�ver�as r�qu�red �� �ak� s��a�a�ely <br /> ��s��r�a�ed pa���n�s �o�r�rd fih� pr����rr�s fo� �11lar�g�g� ��suranc�, Borr�we�s�al� pay ��e �r�miu�s <br /> r�q�ir�� �o m��nfiain fll�o�t�gag� S�sura�c� in e�f�c�, or �� �r��i�e a n�n-ref��d�b�� [vss r�serve, un�i! <br /> Le�d�r's r�quir�men�for��rtga�� ln�ur�nce �n�s i� a�corda�c��rvi�h an��ri�#�n a�r��m�n�b��v�en <br /> �3a��o�v�r ��d L��de� proW�dir�� for su�h ��rmination or un�i� ��rmina�ian �� requ��e� by App�icab�� L.��r. <br /> d��t�ing �n this S�c�ior+ ���f�ec�s Borrovver's ob�iga�i�r��o pay in�eres�at�h� rate �ro�ided in the No��. <br /> �I�fort�ag�ir�suranc�re��n��r��s Len�er��r an}��n�i��ha�purchases�he N���}for c�rta�n i�sses�t ma� <br /> inc�r�f Borr��er daes no�r�pay the L��n a�agre�d. Barr���r is nat a party�fl the �flr��a���r�surance. <br /> �orkgas� ln�ur�rs �va�ua�� �h��r �fl��l r�s� �n ��f �uch �n�uran�e in �vrce from tirr�e �� �im�, and <br /> ��� �n��� i��� ��re�m�n���v��h a�h�r pa�i�s t�a�sha�� �r r��di�r �heir r�sk, or r�d�ce 1�ss��. �h�se <br /> agr����n�� a�e �n ��r�� and �ar�ditions tl�at are �atisfa���r� �o �h� rr�artgage �n�u�er and fhe o�her - <br /> par�y �or park�es� �� �h�s� �gr����n��. Th��e agr��m�n�s �na� req�t�r�the r�o�tgag� insur�r�� �ake <br /> �ayr�ents using an� sour�� of f�r�a�s�h��tM� m�r#���� ���t�r�r may nav� a�rai�able ��rh��h rr�a� ��c�ude <br /> f�unds�bta�n�d frorr� N�a�tga�� I��u�a�c� �r��iun�s}. <br /> As� r�su��of�h�se a��eemen�s, L�nde�, ar���Our�haser of�he no��, a�o��r�r insurer, any re�nsurer, <br /> ��y �th�r e����y, �r a�f�lia�� o� any �f the for���in�, r��}� r�ceiv� ���re��ly ar ir�dir�c�f�� amou��s �h�� <br /> ��r���fr�� �or rnigh� be c��rac��ri�ed as� a p��io� �����r���r's �a�ments far�lior��ag� �nsur��c�, <br /> in �xchange far snar�r�g�r modi�ing th�e m���gag�in��r�r's r�sk, or red�cing loss�s. lf s���ag�-eerr�e�� <br /> �ro�id�d tha� a� af�i�ia�� �f L�n��r�ak�s � shar� �f��e ���u�er'� risk in ex�han�e fcr a shar� o��h� <br /> prerr��ur�� p�id t��he ins�r��, �h� �rr�ng�m����s�f��n t�r��d "����ive ��einsuranc�." Fu�ther: <br /> ��� An� ���h ���-��nr�en�s �a�� r��� ������t�� �r���r��s th�t �3�rr���r ha� a�re�d t� p�� ��� <br /> �or���ge�r�s�a�a���,�r ar�y v�h�r ter���f�h��.�ar�.�u����r���ner�t�r���l nat ir�cr��se��e ar�aur�� <br /> ��rr�v��r�r�l� ���far ll�o�t���� �r�sur����, ��d���y�a�l� ��t e�$it�e �orrc��r�r t�a�n�refur��. <br /> �b} Ar�� s�ch ���ee���ts ���� n�� �f���t the ��gh�s ���'r��rer h�s � �f an� - v�►ith respe�t �� <br /> �h� �art��g� ��n�ur���� unc�er th� ��m���r��r� �'r€�t��t�ar�Act��19�8 vr ar�y ot��r�a►�r. 1�h�es� <br /> r�ghts �a� �n��uc�� th�� r��ht t� r���i�e� ��r�a��� ������sur�s, t� r�quest �r�d ��t��� ��nc����t��� <br /> ��the��r�ga�g� �r�sur��c�,t� ha��th�e�1il�����e �rts�r�r���t�r�ni�atedl �utonr��ts�a�ty, ar�c�lar to <br /> r�cei�re � r�fu�d a�an� �ort�ag�e ����rar��� pr����u�s �hat►�►er� ur��ar��d �t the t��e af such� <br /> ���ce�l�'�ion �r ter��r��ti��n. <br /> 11. A���gr�r��r�t����sc���a���u��'�����c��; ����atur�.�I�Mis�ella�e�us Pra�ee�s are he�eb� <br /> ass�gn�d �o and �h��l be paid t� Lender. <br /> 8f�he Prvpe��s d�ma��d, such�isce�f��e�us�r����ds s�a��be app���d��r�s��r��ion or rep�ir of <br /> ��e Prop�r��, �f t�� restora���n o�re���r i��c�namicaily f�asib�e and L��der's secur�t�1 i� �ofi les��r�e�. <br /> Du�ing su�h ����ir and restar���or� p�r��d, �.�n�er s�ai! h��r� �he �i��t to hold such M��c�lla��Qus <br /> Pr�c��ds unfiil L��d�r �as had �n ��por���ity �a �ns;aect�uc� Prvp�� �o �nsure �h� �rvork �as �e�n <br /> �amp��ted�o Lender's sa��sfa�fiivn, pro���ed�h��su�h �n�pec��a�s�ai�be unde�taken pr�mpt�y. L�nd�� <br /> �nay pa�t f���h� ���a�rs ar�d �es�ar��ion in a si��le disburse�er�� �r in a s����� of progr��s pa�ments <br /> ��the�+r�rk is ��mp�e�ed. �nless a� �gr��men��s made i� �nr�it�ng �r Appf��a��� Law requi��s in�erest <br /> to b� pa�d on such �i�c���ar�e��s Prac�e�s, L��der s��l� ��t�� requir�d to �ay '�arrow�r��� interes� <br /> or�a�ni�gs v� suc� �l�s����ar��o�a�Prac��ds. �f�h�r�st�r���on vr rep��r�s nv�e�an��nicall�f�asi�6e�r <br /> L��d�r'�s�eu�i���oU9� be����en�d,�I���iis����an�o��F�r���eds sha��b��ppli�d�fl��e su�s s�c€�red <br /> �� ��is ���uri#� ��st��men�, v�rhe�h�r or nv� �h�r� d��, ►�i�h ��� �xc�ss, if an�, pa�d �a ��rraw�r�. �u�� <br /> �lfiiscelian�c�us �rQc�ed�sha�f ���pp�ied �r��h�v�der pro����d f�r�r� Sec�ion �. <br /> I r��he��er��of a�ot�i�ak�r�g,��s�ru���or�,�r f�ss��W��u�of���Pr�perty,�h���sc�l��n�ous P�oc�e�ds <br /> shal� b� ��a�l�ed �� �1�� s�m� s��ur�� by this ��ec��ifiy In��r��en�, whe��er �r nv� �h�r� due, v���h �h� <br /> �xc�ss, if an�, paid �a B�rrav��r. <br /> �r�th� even�of a �artial��kin�, ��s�ru��ian, ���os� i� ���u� af�h� F'rap�rty i��h�ch ���fa�r rnark�� <br /> ��lue of�he Prap�r� imr�ed�a�el� bef�e� �h� ��r�ia! �ak��g, d��truc�i�r�, o� los� in va�ue is equal �� ar <br /> g����er th�n the amour��of�1�e s�ms secure� �y th�s��curi�y Ins��um�n��m�edi��efy b�f�r�#he par���l <br /> �aking, des�ru��i�n, ar[as� in valu�, �n��ss Barra��e�and L�nder��he�nr��e agree in wri�in�, the s��s <br /> s�cur�d �� �his Securi�y �nst��m�e�fi s�a�l b� ��duced b� �l�� am�un� �f th� �11�isc�llan���s Proc�e�s <br /> m����p�ied b� t�E fa��o�i�g fraction: �a� �he �o�af amo��� af�he sums �ecured imm�ediate�y ��f�re �he <br /> �a�ia���king,d�s�r���i�n,ar 1��s in�alue di�ride�by�b}th�fa�r€�ark�t�a�t�e of���Proper���m��d�a�ef� <br /> ��f�re�h�pa��al�ak�ng, des��uc�ivn, ar�ass �n�raiu�.An� �alance s��li b� paid to Sorr���v�r <br /> ln#h� even��f a ��rtea�taking, d�s�ruc�ian, or�v�s �� �r���� of th� Proper�y i�t����h�h�fai�rn�rk�� <br /> �r�lue of th� F'rap�rty irn�edia�e�� befor��he p���al fi�k�ng, �es�ruc�ivr�, ❑r loss in�ralue is l�ss tha�the <br /> I�EBRASK►�-�SingL�e Farr�ify--Fannie�aelF��edclie Mac LJi�IF[7�N�����`RU�i�hIT Fvrr�342�'�1��1 <br /> EI[ie Mae,lnc. 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