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201402529
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Last modified
7/20/2017 11:04:37 AM
Creation date
4/29/2014 2:03:48 PM
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DEEDS
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201402529
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��14��5�9 <br /> Any amounts disbursed b�I...�nde�• u���er�his Sectian 9 sl�a�l bcco���e add��ionaI deb��f B�rrawer•secured b�r <br /> �h�s 5ecurity �ns��•urnent. These amounts shall bea�• in�e��est a�the No�e�•ate fi-om the date of disbu�•sement <br /> a�d shall be payable, with su�h interest, upan natic� from Lender�a Bor�•ower request�ng paymen�. <br /> If this 5ecuri�y Instrument is on a lease�old, Borrower s��all comply with al��he pro�isions af the Iease. 7f <br /> B�rrower acquires fee title to the Pr�pe�•�y, tl�e�easehold a��d�he fee title shall �-�at mer�e u���ess Lender <br /> agrees�o the mer�;er i n w��i ti ng- <br /> '�D. M or�gage �nsurance. rf Lender�•eau��•ed Mat•t�;a�e Ynsu�-ance as a condi�rton of mal�ing�he Loan, B�rrovve�- <br /> shal� pa�the pre��z�ums r�quired�o main�air�the Mo�rtgage Xnsura�ce in effect. �f, for any reason, the <br /> Mor��age Insurance c�}verage required by Le��der cea.se�to be avai�able fro�n tihe mart�a�e i��surer�ha� <br /> pre�riously�rovided suc�� insu�•ance and Bo�•�•owe�•was�•e�ui�-ed�.o make sepa�•ately designatcd payments <br /> �ov�rard����p�en�iurns for Mor�gage Insu�•ance, B�rrower s��all pay the premiu��r�s required to obtain c��era�e <br /> �ubstan��a�l�r equi�rale��t ta the Martgage�nsuran�e prev�ausly in effect, at a cost subs�ai�tial�y ec�u�vaien�to <br /> the cost to Borrowe�•of�he Mort�a�e Insurance pr��ious�y�n effect, from an al��rnate mo�-tgage�nsurer <br /> seiec�ed by Lende�. �f substa����ally e�uival�n�M����gdge Insurance cfl�erage i�na�ava�lable, Borrower shall <br /> coi��inue to pay to Le��de�•tl�e amoui�t af���e s�para�e�y designa�ed pay���en�s�l�a�we�e due wl�e��he <br /> insuran�e coverage ceased to be i n effec�. Lendet•wi 1 l accept, use and�•e�ai n�hese payments as a <br /> nan-refunda�le�oss reserve in�ieu of Mart�age Tnsurance. Such loss rese��e shall be non-�efundable, <br /> no�withs�at�ding th�fact�hat�he Loan is uX�imate�y paid in fu�l, and Lender shall na�be re�ui�-ed�o pay <br /> BorrovWer any in#.er�st o�-ea�-n�ngs on sucl� �oss reserve. Lende��can no lon�e�•�-equi�-e loss re�er�r�paym�ntis <br /> if Mor�gage�i�suranc�co�erage�in �he a�llaur�t a��d fo�•the period that Lender requires} pro�ided by an <br /> insurer seXected b}�L�n�er agai��becomes availabie, is obtained, and Lender r�quires separately designa��d <br /> payments�ov�rard the premiu�ns fo�•Ma�•�gage Tnsu�•ar�ce, Yf Lernder z•�qu�red Mortga�e�nsu�•ance as a <br /> canditia��af making the Lc�an and Borrower�rras re�uired to mai�e sepa�ately desi�na�ed payments�a�a�-d the <br /> premiums f��-Mor��a�e Ins�.�rance, Borrower shail pay�he p�-�miums�-equired to maintain Mo�tgage <br /> �nsur•ance i n effect, or to pra�ide a non-�•efundabl e ��ss reser�e, un�.i 1 Lender's requi rcmen�for Mo�•tgage <br /> �nsurance e�ds in accordance wit11 any wri���n agr�e���e��t laetw�en Borraw�r and Lende�•p�ovidix�g far su�h <br /> termina�i�n or unt�( �er�nina�ion is r�quir�d by Applica�le I..avv. Nothing in��is Se�tian 10 affec�s <br /> Bor���we�•'s ob��ga�ion�o pay intel•est a�the�•ate pra�ided in the No�e. <br /> Mortigage Insut•an�e z�eimbui•se�Lende�•�ar any entity�ha�pu�chases the Note�fQr ce��ain lasses it may incur <br /> if S�rrower da�s not repay�l�e t,oan as agreed. Borravver is not a par�y�.o the Mo�•tgage�nsura��c�. <br /> Mor�gage�nsurers evalua�e thexr�ota� �•Ysk on all such �nsurance in force from�irne to�im�, a��d may en�er <br /> i��ta agree�nerits wi�h o�he�parti�s that sl�are or madify�hei�risk, or reduce�osses. Tl�es�a�;re�ments a1°e on <br /> terms and conditiafls that ai•e sa�isfac�o�•y��the martgage insu�•e�•and the other pa�•�y�or par�;i�s��a these <br /> agree�lents. Thes�agreements�nay requi�-e the morf:�age ipsurer to make paymen�s usit�g any s�u��ee af fu��ds <br /> t��at t��e�na��tgage irt�suY-er;��ay ha�re available(which ���a�include fut�ds abtai��ed from Mflrtgag�Insurarnce <br /> p�•emiu�ns�. <br /> As a��esult of these a��•eemert�ts, Lender, any pu�-�has�r of�he�1o�e, anather insu�•e�r, any r�insurer, any <br /> other entity, ar any aff�ra�e of an�r af�he foregoing, may receive(di�ect�y or ind��rec�ly�a�nounts that <br /> d�r�ve f�•om�or Yn�gh�be charac�eri2ed a�}a portio�� Qf Borrawer•'s payments for Mar��;age I��sux•ance, �n <br /> �xchan�;e f��• sharxng or mad�fying�he mo�•tgage�psu�er's r�sk, or x•�duc�ng losses. �f such ag�•eement <br /> pra�ides that an aff��at�of Lende�takes a share of the insurer's risk �n exchange for a���are of�he <br /> pren��um�paid�o tl�e insurer, �l�e arrangement is oftex�tex-med "cap�ive rei��su�•a��ce." Further: <br /> sso��a�o7e <br /> �.�� ssa��s�a7a <br /> N�BRAS}{A-5ingle�amiEy-�'annie MaelFreddie Niac UNIFORM 1NSTR�MENT 11111TH M�RS Farm 3�28 11�� <br /> VMP� VMP�A{��}(13U2} <br /> Vllvlters KEuw er Financial 5ervic�s Page 9 of 1? <br />
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