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201406034
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Last modified
7/20/2017 8:53:16 PM
Creation date
9/23/2014 1:31:36 PM
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201406034
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��14���34 <br /> Any amaunts disbursed hy ��nder under this S��tion 9 shall he�ame additiona! deht of Borrower secur�d by <br /> this 5��urity Instrument. These amount� shal! bear interest at the N�te rate from th� date of��sbursement <br /> and shall �e payabl�.with such int�rest. upon notice from Lende�to B�rrower r�qu�sting payment. <br /> If this Security Instrument is on a leasehold, Borrower shall �ornply with all the pro�isi�ns of the lease. If <br /> �orrower acquires fee title to the Property, the IeasQhvld and the fee title shal� not merge unl�ss Lender <br /> agre�s to the merger in writing. <br /> 1 U. M�rtgage Insuranc�. If��nde�required Martgage Insurante as a eondition of making the Loan, Barrower <br /> sha[I pay the premiums required ta rnain�ain thQ Martgag� Insuran�e in eff�c�. If. far any reason, the <br /> Mortgage InSuran�e co�erage required hy �ender ceases to be a►►ailable fr�m the mortgage insurer that <br /> previously pro�ided su�h insurante and Borrower was required to make separately designated payments <br /> toward the premiums f�r Mortgage Insurance, Borrower shall pay the premiums requ�red to obtain to�erage <br /> su�stan�ially �qui►►alent ta the Mortgage In�uran�e �re�iou5ly in effett. at a cost substantially equi�alent to <br /> the cost to Borrawer �f the Mortgage �nsurante pr��ivu5ly in �ffeCt, from an afternate mortgage insurer <br /> sele�ted by L�nder. If subs�antially equi�alent Mortgage Insurance co�erage is not a►►ailable. Borrawe�shall <br /> continue ta pay to �ender the amount af the s�parately designated payments that were due when the <br /> insuran�e �average �eased to be in effect. Lender wil� ac�ept, us� and retain the�� payrnents as a <br /> nnn�efundable los5 reserve in li�u of Mortgage Insuran�e. 5u�h loss reserv� shali be nflnfefun�able. <br /> notv�ith�tanding the fact that the �oan �s ultfmately pa�d in full, and Lender shall not be requfred to �ay <br /> Barrawer any interest or earnings on su�h loss reserve. �ender�an na long�r require Ioss res�rve payments <br /> if Mortgage Insuran�e �average �in the amaunt an� for the period that L�nder requires} provi�ed hy an <br /> insurer selected by �ender again becames a�ailable, is ahta�ne�, and �end�r requires separat�ly designated <br /> paymen�s toward the premiums for Mortgage Insurance. If �ender required M�rtgage Insuran�e as a <br /> condition of making the �oan and Barrower was required�o make separatgly de�ignated payrnents toward the <br /> premiums for Mortgage Insuran�e, Borrflwer shal� �ay the pr�miums required to rnaintain Mortgage <br /> Insurance in effec�, or to pro�ide a n�n�efundable foss reserve, until �end�r'S requ�rement far Mortgage <br /> Insurance ends in acCordan�e wfth any written agreement�etween Borrower and �ender pro���ding f�r suth <br /> terminati�n ar unt�l termfnation �s required by Appficable Law. Nothing in this Se�ion 1� affects <br /> Borrower's obligatian to pay interest at the rate pro►►ided in the Note. <br /> Mortgage Insuran�e reimburses L�nd�r��r any entity that purchases the Nvte�for�ertain Iosses it may in�ur <br /> if e�rrower does n�t repay the �oan as agreed. Borrower is not a party to the Mor�gage Insuran�e. <br /> M�r�gag� insurers ��aluate their total risk an all su�h insurance in fvr�e from time to t��ne, and may enter <br /> into agreements with other parties that share or modify their risk, or reduce I�sses. TheSe agreements ar�on <br /> terms and conditions that are satisfactory to the mortgage in�urer and th� other party �or parties� ta the5� <br /> agreements.TheSe agreement�may require the rnortgage insurer to make payments using any sour�e of funds <br /> that the mortgag� insurer may ha►►e a�af�able �whi�h may include funds obta�ned from Mortgage Insurance <br /> premfums). <br /> As a result af th�se agre�ments, Lender, any purchaser�f the Note. anQthe� insurer. any reinsurer, any other <br /> �ntity. or any aff�liate of any of the f�regoing, may re��i�e�directly or indirectfy) amaunt�that der��e fram <br /> �or rnight b� tharacteri�ed as} a portion of Borr�wer's payments f�r Mortgage InSurance. in ex�hange for <br /> sharing or r�odifying the m�rtgage insurer's risk, or reducing lasses. If such agre�m�nt pro�ides that an <br /> affiiiate of Lende� �akes a share of the insurer's risk in exehange f�� a share of th� prem�um5 �a�d to the <br /> i nsu rer,the a�rangement is often termed "�apt��e r�i nsu rance."' Fu rther: <br /> 001123984fi35 [itibank 3.�.84.07 V� <br /> NEBRaSKA�ingle Family�ar��ie MaelFreddie Ma�11NIF�RM INSTRUMENT WITH MERS Fvrrn 3��8 7101 <br /> vMP� VMPfiA[N E){i 30�).00 <br /> Wvlters Kluwer Finan�ial 5en►ices Page 3 af 17 <br /> . <br /> � � <br />
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