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201206909
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201206909
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Last modified
7/20/2017 9:47:36 AM
Creation date
8/21/2012 12:14:42 PM
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DEEDS
Inst Number
201206909
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201206909 <br /> Any amounts disbursed by Lender under this Section 9 shall become additional debt of Borrower secured by <br /> this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbwsement <br /> and shall be payable,with such iuterest,upon notice from Lender to Borrower requesting payment. <br /> If this Security Instrument is on a leasehold, Borrower shall comply with all the provisious of the lease. If <br /> Borrower acquires fee title to the Property,the leasehold and the fee title shall not merge unless Lender <br /> agrees to the merger in writing. <br /> 10. Mortgage Insurance.If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br /> shall pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason,the <br /> Mortgage Insurance coverage required by Lender ceases to be available from the mortgage iuswer that <br /> previously provided such insurance and Borrower was required to make separately designated payments <br /> toward the premiums for Mortgage Insurance,Borrower shall pay the premiums required to obtain coverage <br /> substantially equivalent to the Mortgage Insurance previously in effect, at a wst substantially equivalent to <br /> the cost to Borrower oFthe Mortgage Insurance previously in effect, from an alternate mortgage insttrer <br /> selected by Lender. If substantially equivalent Mor[gage Iuswance coverage is not available,Borrower shall <br /> continue to pay W Lender the amount of the sepazately designated payments that were due when the <br /> insurance coverage ceased to be i¢effect. Lender will accepy use and retain these payments as a <br /> non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve shall be non-refundable, <br /> notwithstanding the fact that the Loan is ultimately paid in full,and Lender shall not be required to pay <br /> Borrower any interest or eamings on such loss reserve. Lender can no longer require bss reserve payments <br /> if Mortgage Insurance coverage (in t6e amount and for the period that Lender requires)provided by an <br /> insurer selected by Lender again becomes available, is obtained,and Lender requues sepazately designated <br /> payments toward the premiums For Mortgage Insurance. If Lender required Mortgage Insurance as a <br /> condition of makiug the Loan and Borrower was required to make separately designated payments toward the <br /> premiums for Mortgage I¢surance,Borrower shall pay the premiums required to maintain Mortgage <br /> Insurance in effect, or to provide a non-refundable loss reserve,until Lender's requirement for Mortgage <br /> Insurance ends in accordance with a�y wrinen agreement between Borrower and Lender providing for such <br /> teratination or until tertnination is required by Applicable Law. Nothing in this Section 10 affects <br /> Borrower's obligation to pay interest at the rate provided in the Note. <br /> Mortgage Insurance reimburses Lender(or any entity that purchases the Note) for certain losses it may incur <br /> if Borrower does not repay the Loan as ageed. Borrower is not a par[y to the Mortgage Iasurance. <br /> Mortgage insurers evaluate their total risk on all such insurance in force from time to time,and may enter <br /> into agreements with other parties that shaze or modify their tisk,or reduce losses. These agreements are on <br /> terms and co�ditions that aze satisfactory to the mortgage insurer and the othet party(or parties)to these <br /> agreements. These agreements may require the mortgage insurer to make payments using any source of funds <br /> that the mortgage insurer may have available(which may include funds obtained from Mortgage Insurance <br /> premiums). <br /> As a result of these agreements,Lender,any purchaser of the Note,another insurer, any reinswer,any <br /> other entiry, or any affiliate of any of the foregoing,may receive(directly or indirectly)amounts that <br /> derive from(or might be chazacterized as)a portion of Borrower's payments for Mortgage Insurance, in <br /> exchange for sharing or modifying the mortgage insurer's risk,or reducing losses. If such agreement <br /> provides that an affiliate of Lender takes a share of the insurer's risk in exchauge for a share of the <br /> premiums paid to the insurer,the arrangement is often termed"captive reinsurance." Further: <br /> NEBRNSKASingle Famlty-Fennle Mee/Fretltlle Mec UNIFORM INSTRUMENT WITH MERS Fortn 3028 7/01 <br /> VMP� VMPBA(NE)(1705).00 <br /> Wollais Kluwer Financlal Servicea Paga 9 of 17 <br /> III IIIII'II"'I IIIIII I I II I I�IIII'IIIIII II III I I III <br /> q03309930751 0233 300 0917 /� fJ/J <br /> 9 � � <br /> L� <br />
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