National Merit Scholarships

The NMSC scholarship FAQ notes that

No student can receive more than one monetary award from NMSC.

Does that mean I can only get one out of the three types of scholarships? For example, if I put down a first-choice college (and get it), I won’t get the $2500 National Merit Scholarship?

Additionally, is there any difference between choosing ‘undecided’ or a first-choice not in the list of college sponsors?

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