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201501485
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Last modified
7/20/2017 11:05:08 PM
Creation date
3/11/2015 12:45:24 PM
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DEEDS
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201501485
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��15�1455 <br /> Any amounts disbursed by L�rider under�his 5ec�ion 9 sha�� b��ome addi�iana.� debt of Barrower secured by <br /> this Security ��strument. These amoun�s sha.�i bear in�eres�at�he No�e rate from�he date flf d�sbursement <br /> and shai� be payabte, wi�h such in�erest, upon notice frflm Lender to BarrQwer reques�ing payment. <br /> If��is Security I�s�rument �s on a l�ase���td, Barrowe� sha�l compiy vvi�h a���he pr�visions of�he lease. If <br /> Borr�wer acquires fee��t�e t��he Prop�r�y, the��asehold and the fee title shal�nfl�merge unless Lender <br /> agrees�o th��-rder�er in wri�ing. <br /> '��. �llar�gag� insurance. �f Lender required Ma�tgag��nsurance as a condition of mak�ng the L�an, Borrawer <br /> shall pay the premiums �equired�o ma�n�a�n�he M�rtgage�nsurance ir�effect. If, for any r�ason, �he <br /> Mortgage r��s���ance coverage re�u�red by Lenr�er ceases to b�ava.ilable from the m�r�gage insurer that <br /> prevxous�y pravided such insurance and Bo�-�•ower was required tn ma.ke separately designated payments <br /> toward�h�premiums fo�-1V�ar�gage�nsurance, Barr�wer shail pay the premiums r�qu�red�a ob�ain coverag� <br /> substantially equ��alent to�he Mor�gage�nsurance prev�aus�y in effect, a�a cost substan�ia��y equi�a��nt�o <br /> the cos��o Bar�-avve�- of the M�rtgage Insurance prev�ausly in�ffec�, from an alterna�e mor�gage insurer <br /> s�le�ted by Le��der. If substan�ially�quiva��n��Vl�rtgage�nsurance caverage is no�available, Borrower shall <br /> �flntinue to pay to L�nder�he amount of th�separa�e�y des�gnated payments�hat were due when the <br /> insurance ca�erage ceased to be in effect. Lender will accept, use and retarn�hese payments as a <br /> non-ref�ndab�e �ass r�ser�e in li�u af Mor�gag��nsurance. Such loss reserve shal� b�non-refundable, <br /> notw��hs�anding�he fact that�he Laan�s u�ti�n�te�y pa�d in ful�, and Lender shall nat be requ�red�o pay <br /> Barr��ver any in�eres�or earnxngs on such �ass reserve. Lender can na�anger requxre loss res�rv�paymen�� <br /> if Mortgage��surance ca�erage�in�he amoun�and far�he period that Lender requ�r�s�prflv�ded by an <br /> insurer selected by Lender again becom�s available, is�btain�d, and L�nder requires separat�ly des�gna�ed <br /> paym�n�s tativard the premiums for M��tgage��surance. �f Lender requxred I11lartgage Insurance as a <br /> cond�ti�n of mak�ng the Loan and Borr�w�r was required to ma.ke separa�e�y des�gnated payments�award the <br /> pr�m�um� far Mor�bage Insurance, Borrower s�all pay�he premiums required tn�na�n�ain MQr#�gage <br /> �nsu�-ance in eff���, or t�pro��de a non-refundab�e lnss res�rv�, until Lender's requiremen�for Mar�gage <br /> �nsuranc�ends in accardance��th any writ�en a�r�emen�between Borrovver and Lender providing for such <br /> �ermina�ifln fl�-until terminati�n is required b�App�icab�e Law. Nathing in�his Sec�ion lU affects <br /> Borrower's flbliga�ion to�ay �n�e�-est at the rate provided�n�he No�e. <br /> Nlor�gage Ynsurance reimburs�s Lende� �or any e�txt�that pur�hases�he Nate} for cer�ain losses��rnay incur <br /> if Borrov�er daes no�r�pay���e Loan as agreed. Borrov�er is n�t a par�y�o�he M�rtgage�nsurance. <br /> Mortgage insurers�vaIuate their total risk�n a�I such irisuranc�in force from��me to time, an.d may enter <br /> into agreen�er�ts w�th ��her parties that share flr madify�heir risk, �r redu�e�osses. These agreements are on <br /> terms and cflr�di���ns�ha�are sat�sfactary���he mortga�e insurer and�he o�her party�ar par���s�to these <br /> ag�eements. T�ese a�reernents�nay req��re�he r�or�gage insurer�o rnake payments us�ng any sour�e af funds <br /> �ha��he mar�gage insurer may have avai�ab�e�wh�ch rnay include funds ohta�n�d fram Mor�gage�nsurance <br /> premium5�. <br /> As a�-esult of these agreements, ]Lender, any purchaser of�he Note, another insur�r, any reinsurer, any <br /> o�her�ntity, or any aff��a�e o�an��f th�f�r�gaing, rnay r�ceive(direc�ly or�ndirectly} amounts that <br /> d�r��e from�or m.�ght be characteri2ed as� a por��or� of Borrower's payments for Mor�gage�nsurance, in <br /> e�change fo�- sharing or mad�fying�he r�or�gage�r�surer's risk, nr reducing�os�es. Zf such agreement <br /> prQvid�s tha�an aff�iate af L�ender takes a share o�the insurer's risk in exchange for a share of��.� <br /> premiurn�paid�o���e insur�r, the arrangement xs a�en termed "cap�ive reinsurance." Further: <br /> $$�1682Z47 88�15$220T <br /> NEBRA51fA-Sir�gle Family-Fannie M aefFredd�e Mac UN[FQRM INSTRUM ENT lNITH M�RS ���m 3p�g �lp� <br /> VM P QQ V�P6A{NE�[�3D�� <br /> Wolters Kluwer�'inar�ciaf Services Page 9❑f 17 <br />
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