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201405659
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201405659
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Last modified
7/20/2017 8:29:25 PM
Creation date
9/9/2014 12:58:39 PM
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DEEDS
Inst Number
201405659
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��14�5�59 <br /> Any amaunts disbtused by Lend�r under this Se�tion 9 sha11 becom�additivna�debt of Borrower secured by <br />' this Security Instrument. These amounts shall bear interest at the Note rate fram the date af disbursement <br /> and shall be payable,with such�nt�rest,upon natice from Lender�o Borrow�r requesting payment. <br /> If this Security Instrument is on a�easehvld,Borr��ver sha11 comply with a��the pro��sion�of the Iease. �f <br /> Borrower acquires fee tit�e to the Proper�y,the leaseho�d and the fee title sha11 not merge unless Lender <br /> agrees to�he merger in writing. <br /> '�D. Mortgage Insurance.If Lender requ�red Mortgage Insurance a�a condition of mak�ng the Loan, Borrawer <br /> sha11 pa�the premiums required to mainta�n.the Mortgage Insurance in effect. If,for any reasan,the <br /> Martgage Insurance eaverage requi.r�d by Lender ceases to be available from the mor�gage ins�urer�ha� <br /> previously pravided such insurance and�orrower was required t�make separately designated payments <br /> toward the premiums for Mortgage Insurance,Bar�rower sha11 pay the premiums required to obtain caverage <br /> sub�tantiaity equi�alent to the Mortg�ge Insurance previausly in effect,at a cost substantially equi�alent to <br /> the cost to Borro�ver of the Mortgage Insurance previously�n effect, from an altemate mortgage in.s�.rer <br /> selected by Lender.If substantiaily equi�alent M�rtgage Insurance ca�er�g�is not availables Borro�ver sha11 <br /> cantinue ta�ay to Lender the amount of the separat�ly�ies�gnated payments that were due wh�n the <br /> insurance co�erage ceased ta be in effect.Lender will accepty us�and retain these payments as a <br /> nan-refundable�oss reserve in lieu of Mortgage Insurance. S�uch loss reserve�ha�l be non-refundab�e, <br /> natwithstandiag the fact that the Loan is u�t�mately paid�n fu11,and Lender shall not be required to pay <br /> Borr�wer any interest or earnings on such Ioss reser�e.Lender can no longer require loss reserve payments <br /> if Mortgag�Insurance c4verage�in the amount and for the period that Lender requires)provid�d by an <br /> insurer selec�ed b�Lender again beco�es a�ailabl�,is a��ained,and i,�nder requi�es separate��designated <br /> pa�m�nts to�ard the premiurns for MQrtgage Insurance. If Lender required Mor�gage Insurance as a <br /> conditi�n of mal�ing the Laan and Borrow�r tivas required to make separatel�designa�ed paymen�s toward the <br /> � premiums for Mortgage Insurance,Barrawer sha11 pay the premiums requ�ted to ma�n�ain Mortgage <br /> Insurance in effect,or to provid�a nan-refundable loss reser�e,unt�1 Lender's requirernent f�r Mortgage <br /> Insurance ends in accordance with any written agreement b�tween Borrower and Lender praviding for sueh <br /> term�nation or until termination is required by Applicable Law.Nothing in this Sectian 1�affects <br /> Borrower's abli�ation to pay inter�st at the ra�e provided in the Nate. <br /> Mortgage Insurance reimbur�es Lender(or any en�ity that purchases the 1�Tote)for certain losses it may incur <br /> if Borrower dae�not repay the Lvan as agreed.Banov�er is�.ot a party to th�Martgage Insuran�e. <br /> Mortgage�nsurers evaluate their total r�sk o�.all such insurance in force from time to time,and may�nter <br /> into agreements with other garti�s that share or modify their�i�k,or reduce losses.These agreements axe on <br /> terms and eonditians that are satisfactary to the mortgage i�surer and the other party(or parties)to these <br /> agre�ments. These agreem�nts may require the martgage insurer ta make payments using any source of funds <br /> that the mortgage insurer may have available�which may includ�funds obta.ined from Martgag�Insuranee <br /> premiums�. <br /> As a result�f these agreements,Lender,any purchaser af the No�e,anoth�r insurer,any r��nsurer,any <br /> other entity,or any aff liate of any vf the foregoiag,may receive(directly or indirectly)amounts that <br /> derive fro�rn��r might be charact�rized as)a por�ion of�orro�ver's payment�far Mortgag�Insurance, in <br /> exchange for sharing or m�d�fying the mortg�ge insurer's risk,or reducing 14sses. If such agreement <br /> pro�ides that an affiliate of Lender takes a shar�of the iasurer's risk in exchange for a shar�of the <br /> premiums paid to the insurer,the arrang�ment is of�e�termed"ca�ti�re reinsurance,"Further: <br /> qU3334�11749 f}233 3z� 4917 <br /> NE6RASKA�ingle Family-Fannie MaelFr�ddie Mac Uh11FaRAli lNSTRUMENT WITH MERS Form 3428 1149 <br /> VMP g VMPBA�NE}(1342}.QO <br /> Walters K1�wer Flnancia!ServiGes Page 9 of 1? <br />
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