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201403031
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201403031
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Last modified
7/20/2017 11:15:58 AM
Creation date
5/22/2014 12:42:30 PM
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DEEDS
Inst Number
201403031
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��14�3�31 <br /> Arxy amounts disbursed�ay�ender under this S�ction 9 sha11 become additiona�debt of Borro�ver secured by <br /> this Securit�Instrument. These amounts sha11 bear inter�st at the No�e rate from the date af disbursement <br /> and shall be payab�e�wi�h such interest,upon notice from Lender to Borrower request�ng payment. <br /> If��his Securit�Instrur�ent�s a�a leas�ehvid,Bo�rower sha��comply�i�h a11 the pravision�of the lea�e.If <br /> Barrower acquires fee tit�e to the Prop�rt�r,the leasehald and the fee title sha11 not mer�e u�.less Lender <br /> agrees to the merger in writing. <br /> '�I�. Mortgag�Insurance.If Lender r��uired Mortgage In.surance as a cc�ndition of making the Loa�, Borr�vver <br /> sha11 p�y the gr�miums required to mainta�n�he Mor�gage Insurance in effect.If, for any reason,the <br /> Mc�rtgage Insurar��e���erage requir�by Lende�ceases�o be avai�ah�e from the��vrtgage ulsurer that <br /> previously provided such insurance and Borrovver was required to mak�separate�y designated payments <br /> tov�ard the premiums for Mor�gage Inst�ance,B�n�wer sha11 pay the�r�miums required to vb�ain��verage <br /> substant�ally equiva�ent to th�Mortgage In.su.rance pre�iously in effect,at a cost substantialty equi�alent t� <br /> the cost ta Borrawer of the Mortgage Insurance previ�usly in effect, from an alternate mortga�e�n�urer <br /> selected by Lender.If substantially equivalent Mortgage In.suran�e coverag�is not avai�ab�e,B�rrower shali <br /> contxnue to pay to Lender the amount of the separa�ety designated payment�that�vere due wk�en the <br /> iasuran�e co�erage�eased to be in effect. Lender wi11 accept,use and retain these payments as a <br /> non-refunda�le�oss reserWe in lieu of Mortgage Ins�.rance. Such loss reserve shall be nan-refundable, <br /> no�withstanding the fact that the L�an�s ultimately paid ia fuli,and Leader sha11 not be required to pay <br /> Borrower any interest or earnings on such loss res�rve. Lender can no l�nger requir��ass res�r��paym�nts <br /> if Mortgage Insurance caverage(in the amount and for the perivd tha�L�nder requires}pravided�y an <br /> insurer�elected by Lender again becflmes ava��able, �s obtained,and Lender requires separately designated <br /> payments toward the premiurns for Mar�gage In�uran�e.If I�ender requi�red M�rt�ag�In�uran�ce a.s� <br /> condition of makin�the Loa�and Barrower was requi.red to make separatel�designated payments to�vaxd the <br /> pre�iu�ns for Mort�age Insura��e,��rr�v�er sha11 pa�th�pre�iun3s required.to mainta.in M�rtgag� <br /> Insurance in eff��t�or ta provide a nan-refundable lass reserve,u.ntil Lender's requirement fo�Mortgage <br /> Ins�rance�nds in accordance�v��h any�vritten agre�ment between Borrower and Lender pro��d�n�for such <br /> term�nation�r unti�termina�ion is required by Applicable Law.Nothing in this Section �4 affects <br /> Borrower�s obtigation to pay�n�erest at the rate provided in the lvote. <br /> Mortgage Insuranc�reim�urses Le�der�v�any entity that purchase�the Note)for�erta�in�osses it ma�incur <br /> if Bonower does not repay the Loan as agreed. Borrower is not a par�y to�h�Mortgage Insurance. <br /> Mortgage insurers�valuate th�ir total r�sk on all such in�urance�n force frQm time to time,and ma�enter <br /> into agreem�n�ts vv�th other parties�hat share ar modify their risk,�r reduce losses. These agr�ements are on <br /> terms and conditions that are satisfactory to the mortgage insurer and the other party(�r parties}to th�se <br /> agreements.These agreements may require the mor��age insurer ta ma�e payme�nts using any source of�unds <br /> that the mortgage insurer may have avai�able(which may i�.clude funds obtained fr�m Mortgage Insurance <br /> �premium�.s�. <br /> As a result af these agreements,Lender,any purchaser of the Note,another insurer,any reinsurer,any <br /> other entity,or any affiliate of any�f the foregoing�may receive�directly or indx.rect�y}amounts that <br /> der��e from(or might be characteri.�ed as)a portion of Borrower's payments for 1Vlortgage Insurance, in <br /> exchange for shar3i.ng or modify�n�the martgage insurer's risk,ar reducing losses. If such agreement <br /> provides that an affiliate of Lender ta�es a shar�of the uisurer's risk�n exchang�fvr a shar��f t�e <br /> premiums paid to the insu�'er,the arrangement is of�en termed"captive reinsu.rance."Further: <br /> q�33255188�� �z33 2�� Q917 <br /> NEBRASKA-Sin le Famil-Fannie Ma�lFneddie Mac UNIF�RM INSTRUMENT WITH MERS � �� Form 3Q28 t141 <br /> 9 Y <br /> VNIP� VMPfiA{NE}(13Q2}.04 <br /> Wolters Kluwer Financial Services Page 9 of 17 <br />
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