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201207099
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Last modified
7/20/2017 9:48:25 AM
Creation date
8/27/2012 2:46:13 PM
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DEEDS
Inst Number
201207099
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201207099 <br /> Any amounts disbursed by Lender under this Section 9 shall bccomc additional dcbt of Borrowcr secured by <br /> this Security Instntment.These amounts shall bear interest at the Note rate from the date of disbursement <br /> and shall be payable,with such interest,upou notice from Lender to Borrower requesting payment. <br /> If this Security Instrument is on a leasehold,Bovower shall comply with all the provisions of the lease. If <br /> Boaower acquires fee title to the Pmperty,the leasehold and the fee title shall qot merge unless Leuder <br /> agees to the mecger in writing. <br /> 10. Mortgage Insuranee.If Lender required Mortgage Insurance as a condition of making the Loan, Borrower <br /> shall pay the premiums required to maintsin thc Mor[gage Insuranw in effect.If,for any rcasoa,the <br /> Mortgage Insurance coverage required by Lender ceases[o be available from[he mort�age insurer that <br /> previously provided such insurance and Boaower was required to make separatety designated payments <br /> toward the premiums for Mortgage Insurance,Borrower shall pay the premiums required to obtain cuverage <br /> substan[ially equivalent to the Mortgage Tnsurance previously in effect,at a cost substantiatly equivalent W <br /> the cost to Borrower of the Mortgage Insurance previously in effec[, from au altetroate mortgage insurer <br /> selected by Lender.If substantially equivalent Mortgage Insurance coverage is not available,Borrower shall <br /> continue to pay to Lender the amount of the separately designated paymen[s that were due when the <br /> inswance coverage ceased to be in effec[. Lender will accept,use and retain these payments as a <br /> ❑on-refundable loss reserve in lieu of Mortgage Inswance. Such loss reserve shall be non-refundable, <br /> notwithstanding the fact that the Loan is ultimately paid in full,and Lender sltall no[be reqaired to pay <br /> Eorrower any interest or eunings on such loss reserve.Lender can no longer reyuire loss reserve pxyments <br /> if Mortgage Insurance coverage(in the amount and for the penod that Lender requires)provided by an <br /> insurer selected by Lender again becomes avaiiable,is obtained,aud Lendet requires separately designated <br /> payments towazd the ptemiums for Mottgage Insurance.If Lender required Mortgage Insurance as a <br /> condition of making[he I,oan and Borrower was required to make separately designated paymeuts toward the <br /> premiums for Mortgage Insurance,Borrower shall pay the premiums required to maintain Mortgage <br /> Iusurance in cffcct,or to providc a non-refundablc loss reservc,until Lender s rcquircmen[for Mortgagc <br /> Insurance ends in accordance with any written ageement between Borco�ver and Lender providing for such <br /> termination or until termination is required by Appiicable Law,Nothing in this Section 10 affects <br /> Rorrower's obligation to pay interest at the rate provided in the Note. <br /> Mortgage Iusurance reimburses Lender(or any entity that purchases the Note)for certain losses it may incur <br /> if Borrower does not repay the Loan as agreed. Sotrower is not a party to the Mortgage lasurance. <br /> Mortgage insurers evaluate their total risk on all such insurance in force from[ime to time,and may enter <br /> into agreements with other parties that shaze or modify[hcir risk,or rcduce bsscs.Thesc agreements are on <br /> terms and conditions that are satisfactory to the mortgage insurer and the other party(or parties)to these <br /> agreements.These a�eements may reyuire the mortgxge insurer to make payments using any source of funds <br /> � that the mortgage insurer may have available(which may include funds ob[ained from Mor[gage Insurance <br /> premiums). <br /> As a resul[of these agreements,Lender,auy purchaser of the Note,auother insurer,any reinsurer,any <br /> other entity,or auy affiliate of any of the foregoing may reeeive(dicectly or indirectly)amounts that <br /> derivc from(or might be chazactcrized as)a portion of Borzower's payments for Mortgage Insurance,in <br /> exchauge for sharing or modifying the mortgage inswer's risk,or reducing losses.If such agreement <br /> provides that au affiliate of Lender takes a share of the insurer's risk in exchange for a share of the <br /> premiums paid to the insurer,the umngement is often termed"eaptive reiusurane;e." Further: <br /> NEBR4SKASIn81e Famly-Fannb MadFretltlla Mac IINIFORM INSTRUMENT LMTH MERS Foim 30281/01 <br /> VMP� VMPBA(N�(1105).00 <br /> WoRers quwer Financial Services Page 9 d 1T <br /> II I I I I II I�I I I�I II I I I I II I�I II�I�I ll I I I I I II Il I iii <br /> �� <br /> � � <br /> � <br />
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