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201401093
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Last modified
7/20/2017 10:22:38 AM
Creation date
2/27/2014 8:57:02 AM
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DEEDS
Inst Number
201401093
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��14�1�93 <br /> Any amaun�s disbursed by Lender under�his Se�tion 9 sha�� become additionaI debt of Sorrower secured by <br /> �his Securi�y Inst�•u��n�nt. These amaunts sha�� bear interest a��he Nate��ate fi�am the da�e of dishursement <br /> and sha�l be payab��, v�i��� suc�� �n�erest, upon no�ice fr�m Lender t� Bar�awe�- �-eques�ing paymen�. <br /> rf�his S��uri�y Y��s��un�e�-�t is o�� a leasehaid, B�rrov��r shal� comply with all �he provisions of�:he lease. if <br /> Barrav�rer acqu�res f�e title�o the Praper�y, the leasehold and the fee�i��e shall �-�ot m�rg�u��iess Lender <br /> agree��a the merge� in w�-��ing. <br /> . '��. M arkgage Insurance. Yf Lender�•equired Mortgage Insu�-ance as a con�i��on of making the Loan, Bor�•ower <br /> sha�l �ay�he pr�miums �ec�uir�d�o ma�ntain�he Mar�gag�Ynsurance in effe��. �f, far any reason, the <br /> Mortgag��nsurance coverage required by Lender ceases�o be a�railable fr�m the mo�-�gage �nsurer�hat <br /> previously p�-�vided such insurance and Bo�•x•owe�-was �-equi�-ed t�make sepa�-a�ely designated paymen�s <br /> toward th�prerniums fnr Mflrtgage�nsurance, Borrawver s��a�l pay xhe premiums required to abtain coverage <br /> substantially equiva�ent�o�he Martgage�nsurance pre��ously in effec�, a�a cflst subs�an��al�y equivalen��o <br /> �he cast ta Bo�-�-o�e�- of the Mor�gage xnsurance pre�iously �n�ffec�, from an alt�rna�e mor-tgage insurer <br /> se�ected by I,ender. �f substantially equi�alen�Mar�gage Irnsurance�co�erage is not available, BorrovWer shall <br /> can��nu�to pay�o Lender�he amoun�af the separate�y d�signated paymen�s�hat w�r�due when�he <br /> xnsu�-ance co�re�a�e ceased to be in effec�. Lender will accep�, use and reta�n these payments as a <br /> non-refundable loss reser�e in li�u af Mor�gag��nsuranc�. Suc� �oss�-es�r�e sha�l be non-refundabie, <br /> natv►rx�hs�anding the fac��ha��he L�an is ul�ima�el�pa�d in full, and Lender shall nc��be required�o pay <br /> Bo�rower any interes��� earnings an such loss r�ser�e. Lende�-can no longe�- �-equi�•e loss reserve payments <br /> if Mor�.gage�nsurance co�rerage�i���he am�un�and fo�-�he pe�-�od�hat Lender r�Quires} pr��rided by an <br /> insurer selec�ed by L�nde� again beca�nes availab�e, is a�tained, and L�nd�r requ�res sepa�ately designated <br /> payments t�ward th�premiums fo�•Ma�-�gage �nsu�•ance. �f Lender required Mor�gage Insurance as a <br /> condi�i�n flf making th�Lflan and Borrawer was required to make separa�ely designa�ed paymen�s�avWard the <br /> premiums for-Mortgage insurance, Barrawer shail pay the premiums required�o ma�ntain Mo�tgage <br /> Insu�-ance in effec�, ar to p�•ovide a non-r�funda�le loss reser�e, unti� Lender's requi�-emer��for N�or�gage <br /> Insura��ce ends in accordance vvith any v�r���en agr�ement be�we�n I3orrower and Lende�r providing fa�� such <br /> �eYnaination �r until t�rmina�ior� is r�quired Uy App�icab�e Lav�r. Nothing in this Section ]� affects <br /> Bo�-l-awer's�bl iga��on�o pay i n�e�•es�at the��ate p���vi ded in �he Na�e. <br /> Mo�rtgage�nsu�-ance re�mbu�•ses Lende�- (or afly �n�ity that pu�-chases the N��e� for certa�n losses i�may incur <br /> i f Borro�ver do�s no�repay�h�Laan as agreed. Borrower is no�a pa�-��to�he Mortgage�nsurance. <br /> M�r�gag� insurers evalua�e their t�tal risk an al� such insurance in fflrce frorn time to��m�, and rnay enter <br /> in�o agreemen�s wi�h other par�ies tha�share or�nadify their risk, or �reduce losses. These agreeme��s are on <br /> te�-ms and canditions that a�-�sa�isfac�o�-y�o the mortgage insu�•ex• and�he othe�pa�-�.y��r pa�-�ies�to these <br /> agreemen�s. These agreem�nts�nay�-equi�-e t�e m��-�gage insurer to make paymen�s using any�aurce of funds <br /> that the�nartga�;e �nsurer may ha�e availabi��which�nay include funds o��ained from Martgage�nsuranc� <br /> premiums�. <br /> As a resui�of�hes�ag�•eemen�s, Lende�-, any pur�haser af�he Na�e, another insurer, any reinsur�r, any <br /> o�her e��i�.�, or any affiiia��of any af�h�faregoing, may recei�re [directly ar indirectly} amounts that <br /> derive from�or m�g�t be characterized as} a por�ion of Borrav�rer's payrnents fflr Mor�gage�nsurance, in <br /> exchange fn�- sharing ❑r n�adifying the mortgage insurer's r�s�, or r�ducing�asses. If such ag�•eement <br /> pro�ides tha�an aff l�ate of Lender takes a share of the insur�r's risl� in exchange for a share of the <br /> premiums pa�d�o t��e insurer, �h�arrangement is often te�-med "capt�ve reinsurance." Furth�r: <br /> , <br /> $8��5fi16�3 '� � 88015516fl3 <br /> NEHRASKA-Sir�gle�amily-Fannie M ael�red�ie M ac UNlFQRM INSTRUM ENT WITH M�R5 �arm 3��8�10� <br /> VMP� VM P6A�NE���3�2) <br /> Wolters Kiuw er�inancia!5ervic�s Page 9 tif�7 <br />
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