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201403511
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Last modified
7/20/2017 11:32:29 AM
Creation date
6/13/2014 9:50:09 AM
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DEEDS
Inst Number
201403511
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. <br /> � <br /> . . ��14�3511 <br /> Any am�unts�isbursed by Lender under this Section 9 shall become a�l�litional de�t of Borrower se�ured by <br /> this Security �n.strumen�. These am�unts sha1l bear interest at the N�te rate from the date�f disbursement <br /> and shall be payable,with such interest, upon notice from Lender to Borr+awer reques�ing payment. <br /> If this Security �ns�rumen�is on a�easehold,Borrower shall comply with a�l the provis�ons of the lease. If <br /> Bnrro�er acquires fee title�o�he Proper�y, the Ieasehold and the fee title sha.11 not merge unless Lender <br /> agrees to the merger in writing. <br /> 'I�. Mortgage Insurance.If Lender requ�red Mortgage�nsurance as a�on�itian of making the Loan, Borrower <br /> sha.��pay the premiums re�uired t�mainta�n the Mortgage Insurance in effect. If, for any reason, the <br /> Mortgage Insurance�o�erage required by Lender ceases to be available fr�m the mortgage insurer that <br /> pre�iously prov�ded such insurance and Borrawer was required to make separa�ely�esignated payments <br /> toward the premiums for M�rtgage �nsurance,Borrower shall pay�h�premiums required tv obtain coverage <br /> substantially equ��alent�o�h�Mortgage Insurance previous�y in effect,at a�ast substantially equiva�ent ta <br /> the c�st to Borrower of the Mortgage Insurance previousl� in effect,fr+om an alternate mortgag�insurer <br /> s�leeted by Lender. If substantially equi�alent M�rtgage Insura.nce coverage is nat ava��able,�orrower sha11 <br /> cantinue to pay to Lender the amount af th� separa.tely designated payments tha.t were due when the <br /> �nsurance�overage ceased to be in effect. Lender w�1�accept, use and retain these payments as a <br /> non-refun�ia��e loss rese�ve in��eu of Mnrtgage Insurance. Such loss reseiv� sha.11 be non-refundable, <br /> notwithstand�ng the fa�t that the Loan is ultimately pa�d in fu11, and Lender sha�l not be required to pay <br /> Borrower any �n�eres�ar earnings on such loss reserve. Lencier can nv �onger require loss rese�ve payments <br /> if Mortgage Insurance co�erage �in the amount and far the perivd that Lender requires}pro�ided by an <br /> insurer sel�cted by Lender again becames availa�le, is obtained, and Lender requires separat�ly designated <br /> payments toward the premiums for Mor�gag� Insurance. If Lender required Martgage Insurance as a <br /> cvndition�f making the Loan and Borr�wer was required to make separately designated payments towar�th� <br /> premiums for Martgage Insurance, Borrower shall pay the premiums required to maintain Mortgage <br /> Insurance in effect, or to pr�vide a non-refund.able lass reserve,until Lender's requirement fvr Mortgage <br /> Insurance ends in accardance�ith any written agreement betw�en Borro�ver and Lender pro�iding for such <br /> termination ar until terminatian is required by Applicabie Law. Nothing in this Sectivn 14 affe�ts <br /> Borrawer's obligat�an to pay interest at the rate pro�ided in the N�te. <br /> M�rtgage �nsurance reim�urses Lender�or any entity that purchases the Note�fvr cer�ain losses it may incur <br /> if Barrower dQes not repay the Loan as agreed. Barrower is not a pariy t�the Martgage Insura.nce. <br /> Mar�gage insurers evaluate their t�tal risk on all sueh insurance in force fram time to time, and may enter <br /> inta agreements�uith�ther parties that share or modif�their risk, or reduce Iosses. These agreements are vn <br /> terms anc�cond�t�ons that are satisfactvey to the mortgage insurer and the other party (or parties}to these <br /> agreements. These agreements may require the morrgage insurer to make paymen�s using a.ny source of funds <br /> that the martgage�nsurer may have a�ailable �which may in�lude funds ob�ained from Mortgage Insuran�e <br /> premiums}. <br /> As a result of these agreements,Lender, any purchaser of the Note, another insurer, any reinsurer, any <br /> other entity, or any affiliate of any of�he foregoing, may rece��e (dire�tly ar indirectly�arnounts that <br /> derive from�or might be characterized as}a portion of Borrower's payments far Mortgage Insurance, in <br /> exchange far sharing or modifying the mor�gage insurer's risk, or reducing lasses. If su�h agreemen� <br /> pro�ides that an affiliate�f Len�er takes a share of the insurer's risk in exchange for a share of the <br /> premiums paid to the insurer,�he arra.ngement is aften�ermed "capti�e reinsurance."Further: <br /> 1�6ANE �OOG28968588 May 29,2014 09:'f fiam <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac llNIF�RM INSTRLlMENT V111TH MERS Form 3�28 1I01 <br /> Wot�Kluwer Fi�ancial Ser►iices VMPBA�NE)�'1302}.QD <br /> Pa e9of17 <br />
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