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201401458
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Last modified
7/20/2017 10:33:46 AM
Creation date
3/17/2014 10:21:00 AM
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DEEDS
Inst Number
201401458
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��14�1455 � <br /> A��y amour�ts disbt�rsed by Lend�r under this Section 9 sha���econae additio��al c�ebt nf Barro�ver secured by <br /> thi�Security Instrt�ment. These amounts shall�ear intere�t aC���e I�1ote rate from�he date of d�sbur�ement <br /> �ir�r�s�iall ��payabi�, with suc��ix�tc:r�st, upo����otic�fi orn Le��der ta$qrrower requestit�g paynze�it. <br /> I�'th�s Se�l�rity�nstrumerat is a��leasehold, Borrower sla�ll�amply v�rith�€li the pra�isians of the le�se. �f <br /> Borrower acquires fee title to tlYe Property, the lea�ehold and the fee title shall no�merge unl�ss Lender <br /> a�rees to�lae merger in writing. <br /> y Q. �IlI ar�gage I nsuranee. �f Le��der required Mort�a�e Ynsurance as a conditio�n of makin�the Loan, Lor�ower <br /> �17c�1 pay t��e premii�tns required to maint�in the Mortg�ge Insi�r�nce in effect. rf, far any re�son, the � <br /> Mort�age In��rance co��ra�e re�uired by Lender ceases ta�e a�a�lable from th�martgage insurer tl�at <br /> pre�iously provided such insura�.zce and Borrower v�as required to make separately designated paymen�� <br /> t{�ward the�remiums 1�or Mc�rt�a�e Intiur��nce, �3orrower shall pay the premiums requir�d tn ohtain cc�vera�e <br /> �uhstantially equi�alent to t�Ye Mortgage Ir�surance pre�iously i��effect, at a cost sul�stantialiy�qui��alent to <br /> the cas�t�Borrower oF t��e Mort�age Insuranc�pre�iously iY�effect, from�r�alternate xnortgag�insur�r <br /> �ele�ted by Lender. rf substa��tially equi�alent Mort�a�e Insurartce co�era�e is not a�ailahle, �3orrav�er s���all <br /> i:�tatinue ta p�y to Lender tl��amount of the sep�r�tel��dzsign�ted payments th�t were due wheY�t}7e <br /> i�1�ur�nce cavera�e ceased to be ir�eff�ct. Lender will accept, use and retai�� tl�ese paym�nts as a <br /> r�on�rcfundahle l�ss res�r�e in licu af Mortgage Insurax�ee. Such�oss reserve shall be non-refundable, <br /> i�otwithstanding the fact that the Loa.t�i�ult�matel�paid iri full, a��d Lenc�er�ha�l not�e required fo pay <br /> Borrower a��y int�rest or ea�nin�s o�such loss reserve. Lender ca.�no�onger re�uire los�reserve paymer�ts <br /> ii�Mnrt�age Intiura.nc�ca�e�-a�e�in the amount and far th�period that Lender requireti}py~o�ided hy an <br /> ii�surer selecled by Lender again hecomes avai�a�le, is obta�ned, a.nd Lender requires separately desi�natec� <br /> payrn�:nts tow�rd tl�e premi��ms for Mortgage�nsurance. �f Lender required Mart�age I�s��rance��a. <br /> c:a��dition oi'ma�in�tl�e Loan ar�d Borrower vc�as required to make�epa�ately designated payments taw��c�the <br /> premiums for Mortgage Insur�n�ce, Borrower sl�all p�y the premiums required Co maintain Mortg�ge <br /> Insurance in effect, or to provide a noFi�refurlda�ale loss reser�e, uYltil Lende�•'s requu-en�ex�t for Mortga�e <br /> Insurance ends in accardance with any�n�ritten a�reement between Borrower and Lender pro�id����for s��ch <br /> t�:7•m�natic.�t�c�r until �erminalic�n i4 r�quired h�Applicahle l.�aw. Nothing in this 5eeii«n �o�r-r-���� <br /> �3orrawer's obligation to pay interest a�the rate pro�ided iY�the Nate. <br /> . 1Vlart�;age It��urar�ce r�i���burses Le��der(or ar�y�t���ty�hat pur�hases th��ote} for�ertaiX�lass�s it�nay it�cur <br /> if Borrower does not repay the Loan as agreed. Borrovver is nat a party to the Mort�a�e�nsur�u�ce. <br /> Mo�•tgage in�urers e�aluate their to�al�isk on all suc��i�xsurance in farce from time to ti�an�, a��d m�y enter <br /> ir�to agreem�nts��rifh otlaer parties that share or modify tl�eir risk, or reduce losses. Tl�ese agree�nents are o�� <br /> �crt��s a��d co��ditiot�s t�3a�are satisFactory to tl�e YY�ortgag�insurer ax�d tl�e oth�r pax•ty (ar parties}to tllese <br /> agreernents. These a�reemeY�ts may require the mortgage insurer�o ma.�e payments using a.�y saurce o�'funds <br /> �l��it t���m��rl�;a��in4urer�nay ha��a�vailahle�which may include fund5 U�tained frca��r1 Mc�rt�a��Ii�suran�e <br /> premi�,xms}. <br /> As a resu�t of thes�a�re��Y��t�ts, L�t�d�r, ar�y purcl�as�r of the Note, a��ather it7surer, a��y r�it�surer, ax�y <br /> orh�r e��tity, or any affiliate of any of the foregoing, may recei�e�di�ect�y or indirectly}amounts that <br /> c�e�-i�e Cr�m(nr m��l�t�e c;haracteri7ec�a.�}a�ortzon c7f Rc�rrower"s payment� fc�r Mortga�e In�urance, in <br /> �xchange for sl�aring or modifying tl�e mflrtgage insu�er's risk, or reducing lo�se�. �f suc��agreement <br /> pro�ides t��at�tn�ffili�te of Lender t�tkes a share af the insur�r's risk in e�change for�sh�re of tl�e <br /> p�•emiurn�paid�o the i��surer, �he�u rangerneY�t is of�en termed 'r Ca�]��V�1�IIlSLXI aI1C�." Furil�er: <br /> 2t114-���95[33 1�OD497qt1�1227�866 5657 <br /> NEBRASKA-Single Family-Fannie MaelFreddi�Maa UNIF�RM INSTRUMENT WITH M�S Form 3�2�3 11�1 <br /> VMP��, VMP6A(NE�[13U2} <br /> Walters Kluw er Financi�l Services 3!i(312n1�k 9:48 AM Page 9 af 17 <br />
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