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201500351
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Last modified
7/20/2017 10:36:24 PM
Creation date
1/16/2015 10:12:16 AM
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DEEDS
Inst Number
201500351
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��15��351 <br /> Any amounts disbursed by Lender un�ler this Section 9 sha�l became additional debt of Borrower secured by <br /> this Security Instrument,These amounts shall beas�nterest at the Note rate fro�th�date of disbursement <br /> and shall be payable,with such interest,upon notice from I�ender ta Borrower requesting pa�ment, <br /> If this Security Instrument�s on a�easehold, Borrower sha��c�mply with all the provisions�f the lease. If <br /> Borrower acquires fee title ta the Propezfiy,the Ieasehold and the fee title sha11 not merge unles�Lender <br /> agrees to the merger in writing. <br /> 'I�. Ill�nr�gag�Insuranee.�f Lender requued N�artgage Insurance as a conditian of making the Loan, Borro�ver <br /> sha11 pay the premiums required to maintain the Mortgag�Insurance in effect. If,for any reason,the <br /> Mortgage Insurance ca�erage required by Lender ceases t�be available from the martgage�nsurer that <br /> pre�ious�y pro�ided such insurance and$arrower was required to make separately designated payments <br /> toward the premiums for Mortgage Insurarice,Borrower sha��pay the prem�un�s requir�d to obtain caverage <br /> substantialiy equivalent to the Mortgage Insurance pre�iously in effect,at a c�st substantia�l}�equi�alent to <br /> the c�st ta Bonower of the Mortgage Insurance pre�iously in effect, from an altemate mortgage�nsurer <br /> selected by Len.der. If subs�antially equ�va�ent Mortgage�nsurance co�erage is not available,Borrower shal� <br /> cont�nue to pay to Lender the amount of the separately designated payments that�vere due when the <br /> insurance co�erage ceas�d ta be in effect. Lender will accept,use and re#ain these paym�nts as a <br /> non-refundab�e lass reserv�in lieu of Mortgage Insurance. Such l�ss resexve shal�be non-refundable, <br /> notwith�tanding the fact that the I�aan is ultimatel��a�id in fu11,anc��ender shai�n�t be required t�pay <br /> Borrower any inter�st or earnings on such lass reser�e. Lender can no longer require loss reserve payments <br /> �f Mortgage Insurance coverage(in�he amount and for the periad that Lender requires}provided by an <br /> insurer selected by Lender again�ecomes available, is obtain�d�,and Len�er requires sepa,rately designated <br /> paymen�s�awa,rd the premiums for Mortgage Insurance. If Lender required Mortgage Insuran�e as a <br /> condition of making the Laan and Borrawer�vas r�quired to make separately designated payments toward the <br /> premiums for Mortgage Insurance,Borrawer shall pay�h�premiums requued to maintain Mortgage <br /> �nsurance in effe�t,or ta provide a non-re�undable loss reser�e,until Lend�r's requiremen�for Mor�gage <br /> Insurance ends�n accordance with any�r�tten agreement between Borrovver and Lender providing for such <br /> termination or unti�termination is required by Applicable Lavv.Nothing in this Sectiaa 1�affects <br /> Borr��er`s vbligat�on to pay interest at the rate pro�ided in the Note, <br /> Nlortgage Insuranc�reimburses Lender�or any en�ity that purchases the Note)far c�artain losses it may incur <br /> if Borrower does not r�pay the Loan as agreed. Bono�ver is not a pa,rty to th�Mortgage Insurance. <br /> Mortgage insur�rs evaluate theis total risk on al�such insurance in f�rce�com time ta time,and�ay enter <br /> into agreements with other parties that share or modify their risl�,,or reduce losses. These agreernents ar�on <br /> terms and conditions that are satisfactary to the mortgage insurer and the other party(or parties}to th�se <br /> agreements.These agreement�may rec�uir�the martgage insur�r to make payments using any source of funds <br /> �hat the mortgage in�urer may have avaiiab�e(wh�ch may include funds obtained from Mortgage Insurance <br /> premiums�. <br /> As a re sult o f the se agre ements,Lender,any purchaser v f the Note,an�ther insurer,any re insurer,any <br /> other entity,or any affiliate of any of the foregoing,may rece�ve�directly or indirectly}amounts that <br /> derive frorn(or m�gh�t be�haracter�zed as}�.�ortion of$flrrov�er's�ayments�ar�ortgage In.surance,in <br /> exchange for sharing or modifying the mortgage insurer's risk,or reducing lasses. If such agreement <br /> pro�ide�that an affiliate of Lender takes a share�f the insurer's risk in exchange far a share of the <br /> premiu��ns pa��to the�nsurer,the arrangem�nt i�often termed�'captx�e reinsurance."�urther: <br /> q�33342?6�21 �33 3�3 �917 <br /> NEBRASf[A�ir�gle Family-Fannie MaelFr3eddie Mac LINIFQRM INSTRUMENT WITH MERS Fnrtn 3fl28 1101 <br /> Wol�ters Kluwes Financial5esvices uM�(N Pa�g g2�4� <br />
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