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201407583
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Last modified
7/20/2017 10:09:10 PM
Creation date
12/2/2014 11:05:38 AM
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DEEDS
Inst Number
201407583
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��14�7553 <br /> �ny amounts disburs�d by Lender under this Section 9 sha�1 become additi��a�debt�f Bortower s�cured by <br /> this�ecuri�y Instrum�nt.These anl�unt�s�ali bear interest at the IVote ra�e fr�m th�date af disbt�rsement <br /> and sha1�be payable,��th such interest,upan notice from Lender to Borrower requesting payment. <br /> If this Secur�ty Instrument is on a leasehol,d,Borrower sha11 comply tivith ail the provisians�f th�lease. If <br /> Borrawer�cquir�s fee title�o the Prope�y,the lease�.�ld and the fe�title sha11 not merge unless Lender <br /> agrees to�he merger in writing. <br /> �D. NNflortgage�nsurance.If�ender requu�d Mortgage Insurance as a cond��i�n of making�he Loan, �orrower <br /> sha11 pay the prerniums required to maintain th�Martgage Insurance in effect, If, for any reasvnA the <br /> Mor�gag�Insurance co�erage required by Lender ceases to be a�a�lable fr�m�he mortgage insurer that <br /> previously provided such insurance and Borrov�er�vas required to make separate�y designated paymen.ts <br /> taward the prem�ums for Mortgage Insurance,Borrower shall pay the prem�ums required to obtain coverage <br /> substantially equivalent to the Mortgag�Insurance pre�iausly in�ffect,at a cost substantially equival�nt to <br /> the cost to BQrrower af the Martgage Insurance previously in effect, from an alternate mortgage insurer <br /> selected by Lender. If substantially equiva�ent Mor�gage Insuranc�coverage is not available,Borrower shall <br /> c�nt�nue to pay t�Lender the amount of the separately designated�ayments�hat�vere due vvhen th� <br /> insurance co�erage ceased t�be in effec�. Lender wilt accept,use and reta.in these payments as a <br /> n�n-refundable�oss reserve in�ieu of M�rtgage Insurance. Such loss reser�e sha11 be non-refundable, <br /> nat�rithstanding th�fact that the Loan is ultimate�y pa�d in fu11,a�n.d Lender shall not be rec��a�red to�ay <br /> Borrower any int�ere�t or earnings o�such�oss reserve. Lend�r can no l�nger requue toss reserzre payments <br /> if Mortgage Insurance coverage�in the amount and for�he period that Lender requires}pro�ided by an <br /> insur�r selected b��ender again��e��n�es availa�b�e,is obtained,and Lende�requires sepa�ately d�sign.ated <br /> payments toward the premiums for Mortgage Insurance. If Lender re�uired Mortgage In�urance as a <br /> cond�tian of making the Loan and BorrQwer was required to make separately designated payments to�ard the <br /> �ferniums for Martgage Insuran�e,Borro�er shall pay the premiums required to ma�ntain Mortgage <br /> Insurance in effect,or ta provide a non-refundable�oss reser�e,unti�Lender's requirement for Martgage <br /> In.su.rance ends in accordance�vith any written agreement betwe�n Barrower and Lender providing for such <br /> termination or un�i�terminatioa is requued�ay Applicable Law.Nothing in this Section 1�affec�s <br /> Borrower's ob�igation to pay interest at the rate pravided in t�ie Note. <br /> Mortgage Insura�ce rein�burses�.ende�'�or any�nti�ty that pu��hases�he Note}f�r certain losses it may incu.r <br /> if Borrawer does not repay the Loan as agreed. Borrower i�not a party to the Mortgage Insurance. <br /> Martgage insurers evalua�e thei.r tatal risk�n.alI su�h rnsurance in f�rce from time to time,and may enter <br /> into agreemen�s with other parties that share or mod�fy their risk,ar reduce lasses. These agreements a.re on <br /> terms and conditions that are satisfac�ory to the martgage insurer and the other party(�r paar�ies}to these <br /> agreemen�s. These agreements may require the m�rtgage in.su.r�r to make payments using any s�urce vf fun.ds <br /> that the mortgage insurer may hav�e availab�e(�vhich may include funds ob�a�ned from Mortgage Insurance <br /> premiums}. <br /> As a res�lt of these agreements,Lender,any purchaser of the Note,another insurer,any re�nsurer,any <br /> other entity,or any affiliate af any of the foregaing,may receive�direct�y or indirectly}amounts that <br /> derive from(�r might be characterized as}a portion of Borraw�r's payments for Mortgag�Insurance,�n <br /> exchang�for sharing or modifying the mor�gage insurer's risk,or reducing�asses. If such agreem�nt <br /> pr�vides�hat an affiliate af Lender take�a share of the insurer's risk�n exchange for a shar�of the <br /> premiums paid to the insurer,the arrangement i�o�en term�d"capt�ve reinsu.rance."Further; <br /> qU33336�1145 OZ33 254 �917 <br /> NEBRASKA�ing�e Family-Fannie MaelFr+edd�e Mac LINIFQRM 1N5TRUMENT WITH�1►IERS Form 3428 1141 <br /> VMP� VA�lP�A(NE}�9342}.44 <br /> Vllofter�K�uwer Financial Services Page 9 of 1? <br />
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