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201209603
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201209603
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Last modified
7/20/2017 10:01:23 AM
Creation date
11/15/2012 3:45:47 PM
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DEEDS
Inst Number
201209603
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201209603 <br /> Auy aolounts disbnrsed by Lender ui�der this Section 9 shall become addi�iuunl dcbt of Borrower secured by <br /> thia Security instrument. Tliese amounts shall bcar interasc at the Note rate Crom the ddte of disbw�sement� <br /> ai�d slinll 6e payal�le, with sucLi interest, upon notice from Lender to I3orrower requesting pa}anent. <br /> If diis Secuiity Initrument is on a leasehold, 13orrowcr sl�all coinply wiCh all the provisions of��c lcnsc. if <br /> Rorrower acquires iee tillc to the ProperCy, the leasehold and Lhe fee tide shall not mer�e uuless Lender <br /> agrees to the merger in writiug. <br /> 1 0. M ortgage InSu�anee. lT Lender required Mortg�.ge Insw�auce as a wndition of mal<ing the Loan, Borrower <br /> shall pay the preiniums required to inai��[ain LLic Mortgage insura�ice in effecl. lf, Cor any reason, the <br /> Mortgage lnsurauce coverage required I�y Leuder ceases to be ava.ilable from the mortgage insures [hat <br /> previously provided such ii�surdi�cc and Rorrower was required [o n�nim scp�u�ately designated paymenls <br /> townrd the premiums for Mortgnge Insurance, Bon�ower shal( pay Uie�renvui�Ls required to obtain coverage <br /> subs[anCially c�uivalent to die Mortgage lusuruice previously in effect, at a cost substanLially equivalent to <br /> the cost to 6urruwer ol tlic Mortgage losurance previous[y ii� effect, from an alteruate mor[gagc insiu�cr <br /> eelected by Leuder. If subsLai�tially equivaleaC Mortgage L�surnncc coverage is not avaiLable, Borrower shnl] <br /> cmitinue to pay to Lender[he amouu[of the separately designated�aymcnts tl�at were due when tlie <br /> insuraiice coverage ceased to be in elfect Lendcr will accept, ase and retein lheac pnymcnis as a <br /> non-refimdnble loss reseive in lieo of Mortgngc lus�rance. Sucli toss reserve shal( be non-rcfimdable, <br /> notwithstanding Lhe fact that the Loan is uttimalely pnid in fi�ll, and Lender shall no[be required lo pny <br /> Borrower any interest or earnings on such loss reserve. Le�dcr wi�no Longcr rcquire lo5s reserve paymenls <br /> if Mortgage Tnsucance coverage(in the amount and foi the period thnl Lender rcq�ires)provided by au <br /> n�surer selected l�y L.ender again becumcs available, is obGaiucd, aad Le[�der requires separately desianated <br /> payments (�ward the premimns for Mortgage IusurN�ec. if I.ender required Mortgage hisurauce ns a <br /> condifion of makii�g lhe Loan and Rm�rower wns rcquircd to malre separateLy designa[ed payments toward fhe <br /> premiums for Mortg�ge Insurance, Borrower shail pny the prcininms required fo maintain Mortgage <br /> Insw�anee in effecY, or to provide n uon-refundable loss reserve, imiil Lcnder'e requiremenk for Mortgage <br /> insucu�ce ends in accordauce wid� a�y written agreement between Burrowcr and Lender providing for snch <br /> terntinn�ion or until termination is requu�ed by Applicable Law. Nothing in tliis Scctioi� 10 affecte <br /> Rorro«✓er's oblignlion lo pay interesk at the i�ate providcd in thc Not�. <br /> Mortgage Iusm�ance reimburses Lender(or au��en[ity [hat �urcheses the Note) Por certain Losses it may incw� <br /> if Borrower does not repay thc Loan as agreed. I3orrower is no�n party m die Mortgage Insurai�ce. <br /> Morlgngc insurere evaluate their tcrial risk on all such insurance i� fotce li-om timc W [ime, and may enter <br /> into agreemcnts with otlier parties tliat sh�u�c or modify their risk, or reduce luascs. Thcsa agreements are oi� <br /> terms and conditions that are saeisfactory W lhc mortgagc insurer and thc other party (or pu�lics) to thcsc <br /> agreements. These agrcen�cuts may require die mortgnge insurer to malce paVments using any sot�rce uf 1u��ds <br /> Lhac the mortgnge insurer mny havc avaitable(which may includc timds ol�tained from Mortgage lnsarauce <br /> premiums). <br /> As a result of�hcsc agreements, Lender, ,uiy purchaser o'F ehe Note, anoth�r insurer, nny rcinsurc��, any <br /> oCher entity, or any affiliate of any of U�e Ibregoiug, may receive(direcUy or indireclly) amoui�ts tliat <br /> derive fi�om(or migl�t 6e characterized as) a porliou of Borrower's paymeciGs for Morlgage L�isuraucc, in <br /> exchange for sharing or modifying Che inortgageinaw�cr's risk, or reducing losses. if such agreement <br /> provides that an affilinle of Lender tal<es a share of the iiisurcr's risl<in excl�ange for a share of the <br /> ptcmimne paid to the insurei} Ll�c arrangemenC is often termed "caplivc reinsurance." FwYher. <br /> 80019fi4B1H �✓^�-� (� 88013546'.E <br /> NEBRASNMSingloFamlty-FennleMeelfreddleMacOMFOkMINSiftUMENTWITHMERS ���/�,} Fo�m30281101 <br /> VMP(� VM P60.(NE)(1�06) <br /> Wollers Kluwer Fnancial Sorv�ces <br /> Peye 8 al 1] <br />
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