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201406731
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Last modified
7/20/2017 9:20:01 PM
Creation date
10/23/2014 1:00:15 PM
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DEEDS
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201406731
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��14��731 <br /> Any amQu�ts disbursed by Lender under thi�Sec�ion 9 shall become additional del�t of$�rrower secured by <br /> this Security Ins�rument. These amaunts sha11 bear interest at the N�te rate from the date�f disbursement <br /> and sha11 be payable,�vith such interest,upon n��ice from Lender�o Borrower reques�ing�ayment. <br /> If this Security Instrument is on a leasehold, Borrower shall comp��with a��the provisions of the lease. If <br /> Barrower acquires fee title to the Proper�y,the �easehold and the fee tit�e shall n�t merge unless Lender <br /> agrees to the merger in�vriting. <br /> �I�. Mortgage Insurance.If Lender required Mortgage Insurance as a conditi�n of making the Loan, Borro�ver <br /> sha11 pay the premiums required to ma�n�in the Mortgage Insurance in effect. If, for any reason,the <br /> Mortgage Insurance coverage required b�Lender ceases to be available from the mortgage insurer that <br /> previously provided such insurance and Borrower was required to make separately designated payments <br /> toward the premiun�s far Mortgage�nsurance,Borrower sharl pay the premiums required to obta.in coverage <br /> substantially equivalent to the Mortgage Insurance previously in eff�ct,at a cost substantial��r equivalent to <br /> the cost to Borrower of the Mortgage�nsurance pre��ously�n effect, from an a�ternate martgage insurer <br /> selected by Lender. If substantially equivalent Mortgage Insurance co�erage is not available,Barrawer sha11 <br /> cantinue to pay to Lend�r the amount af the separate��des�gna�ed payments that were due�hen�he <br /> insurance cov�rage ceased to be in effect, Lender�v��l accept,use an.d retain these payments as a <br /> non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve sha11 b�non-refundable, <br /> notwi�hstanding the fact�hat the Loan is ultimatel�paid in fu�l,and Lender shall not be required tQ pay <br /> Borro�er any interest or earnings on such loss reserv�. Lender�an no longer require loss reser�re paynnents <br /> if Mortgage Insurance�overage�in the amount and for the period that Lender requires}pro��ded by an <br /> insurer selected by Lender again becomes available, is�bta�ned,and Lender requires separate�y designated <br /> payments toward the premiums for Mortgage Insurance. �f Lender requ�red Mortgage Insuurance as a <br /> condition of making the Loan and Barrvt�ver was required ta make separately designated payments toward the <br /> prem�urns for Mortgage Insurance,Borro�ver sha11 pay the premiums required to maintain Mor�gage <br /> Insurance in effect,or to provide a non-refundable loss reserve,until Lender's requirement f�r Mortgage <br /> Insu.rance ends in accordance with any written agreement be�veen Borrower and Lender providing for such <br /> termination or until terminatian is requu'�d by Appticable Lav�.Nothing in this Section 14 affects <br /> Borrower's�bligation to pay interes�at the rate provided in�he Note. <br /> Martgage Insurance reimburses Lender(or any entity that purchases th�Note)for certain losses it may incur <br /> if Borrovver does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. <br /> Martgage insurers evaluate their total risk on a��such insurance in force from time ta�ime,and may enter <br /> into agreements with other parties that share or modify their risk,or reduce losses. The�e agreements are an <br /> terms and conditions that are satisfactory���h�martgage insurer and the other party(ar parties}to these <br /> agreements. These agreements may re�uue the mortgage insurer to make payrrYents u�i�g any sourc�of funds <br /> that the mortgage insurer may have avaitab�e�v�hich may include funds obta�ned from Mortgage Insurance <br /> premiums}. <br /> As a result of these agreements,Lender,any purehaser af the No�e,ano�her insurer,any reinsurer,any <br /> other entity,or any affiliate af any of the foregoing,rnay receive�direc�Iy or indirectly}amounts that <br /> derive from(or migh�be characterized as�a p�rtion of Borrower's payrnents for Mortgage Insurance, in <br /> exchange for sharing or modifying the mortgage insurer's risk,or reducing�osses. If such agre�ment <br /> provides that an aff�liate of Lender ta.�es a share af the insurer's ris�in exchange for a share of the <br /> premiums paid to�he insurer,the arrangem�nt is of�en t�rmed"captive reinsurance."Fur�her: <br /> q�3332Q54914 �233 297 4917 <br /> � �� �� <br /> NEBRASKA�ingle Famiiy-Fannie MaelFreddie Mac UN#FflRM INSTRLlMENT WITH MERS � Form��28 11�1 <br /> VMP� VMPBA(NE}t�3Q2�.44 <br /> Wolters Kluwer Financial Services Page 9 of 17 <br />
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