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201502500
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Last modified
7/21/2017 1:59:37 AM
Creation date
4/23/2015 9:13:58 AM
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DEEDS
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201502500
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��15��5�� <br />� c+�n�n.ue ta.pay to Lender�h:��mau�nx of t�e separatexy des�g�.ated pay�ents that vvere due wh��he <br />; <br /> ua�urance r��e�age ceased.to�in effect. Lender wil�accept,�and��these payments as a <br /> nan�efun.dab�e�oss reserv�in 1��of M�rtgage Iu�ura�ce. Su�h�flss r�er�e shall�e non refundab�e, <br /> �otw��an�ng t�te fact that the Loan�s u��.meate�y pa�d in fiull,and Len.der shall not be requa.red to pay <br /> �arrow�r any u�.tear�st or ear�ai�gs o��uch loss reserve.�L�ad�r�an na�anger r�quire�oss�reserve�ay�ents <br /> �f A�Ior�gage ce co��ra.ge��n the amouix�and faf the�0�1.that Len.der requires)pro�ided b�an <br /> uzsurer sexeeted by I�end�r again becom�s avail.ab��, is obtarned, and Lender requires sepax�.tely designated � <br /> paymen�s tovvard the premiums for Mor�g�ge Insiu�an.ce. If Lender ' Moar�gage In�urance as a � <br /> � <br /> r.ondition of ma�ing the I.�an and Bo�-ra�e�was requ�red.to mLake separately d�.s�gnated payments toward the � <br /> �r�ums for N�o�gag� e,Bo�rvwer shall pa�the pren��ams requ�red ta m�.intaua M�r�gage <br /> ce in e�f�,:t,or to�ar�vx.�.e a non-refunda�le�oss reser�r�,unt�1 Le�ader's requ.�rement for Mar�ag� <br /> ce ends in�ccor�.ance�t�.any�ri.tte�ai agreement�t�vee�r�.�rr�w�r and Lender prfl�riding for such <br /> ' t�on ar unt� ' t��n iis r�qu�red b�Appli�ab�e Law. N'ath�ng in this Sectian 14 affects <br /> Borrovver's obligati�n t�pay inter�t at th��ate provide�.i�t�ie 1�Tote. <br /> �vrtgage c�r�mb��ier�vr any e�n.�ity tbat pureh�t�..e��)far�erta�n�os�i�m�ay i�.�ur <br /> xf Barro��r does not regay th�Laan as agre�d. Borraw�er is not a�a.r�y t�th�Mor�gage . <br /> Nlort�age' evaluat�their total r�sk on all�uch�nsuranr.e ui fnr+ce frva�tin�to time, and may�nte�r <br /> i�nto ts w�th ot�ier par�i�t�iat s�are or madif�r th�ir r�sk,or red.u�loss�s. These agr are a� <br /> �rms and cand.�.ti.ons that are sat�sfact�ry ta t�ie mor�gage ins�u�rer an�the oth�r partY Co�r pa,r�i�s)to the�e <br /> ts. These ts m,ay requ�ire the jmortgag�i�s�€rer to mLa�e pay�m�ats usYng an�snurc�of funds <br /> that the mortgag�insur�r m,ay haye��.vailable(vvhi�m,ay imclude funds�bt,auaeci frana Mor�g�ge In�urance <br /> pr�uuxns�. <br /> As a resuxt of these agreem�ents,Lend�r, any purch�r of the N�t�e,anather�nsurer,�.n.y reinsurer,any other <br /> �xntity,or any af�il.iate�f an�of the foregvin�,may r�cei�e[c�rect�y or�nc�ure�l��a�m�vunts t�at d�ri��frvm <br /> �flr might be c ' as�a�rt�on�f B�rrawer's pa�m�nts far M�rtgage ce, in.exc�ge f�r <br /> sharing or ' ' ��e mortgage vnsuurer's rxsk,or reducing losses. If such t�rflv�des that an <br /> affi��ate of I.ender takes a sbare af the ins�urer's ri�in exchange for a s�ar+e of the pr�mi.wms paid�a t�.e <br /> insurer,the arran.ge�ment�s oft�n.termed"cap�.�e reuisur�nce." F�r�her: <br /> �a� A,�n�suel�. ent�wi�not a�fect the a�mau�at�t.h�t�orro�Qr has agre�to pay for Mo�rtgage <br /> c.e,or an�oth�t�ms�f#�ie L�a�n.�uch ent�w�ll not in�se the am�uu�t <br /> Borra�er�.owe�r�r Mvrtga�� ce,and the�r�nat�title Borro�vver to any�d. <br /> �b� Any sneh ent��1 nat affe�t the right�.Borro��r has-�if an�-wit�respec�to the <br /> �vrtgage r.e u�der tl�e Hom�wners Prot�tir�n Act of 1995 vr any at�r law.T`h�e r�g�ts <br /> may i�nclucl�t�ie right t�receive�n tlisda�ures,to requ�t a�d o�rt�can.�.a�.�.o�t� <br /> A�I�rtgag� c�,t�h�ve the 1�Iortgage ce ' � a�f�m��i��,an�ar tv�v� <br /> a r��i�a�y�I��e�su�n€��r��m.s t�at��r����t f�.e t�xe�f su�. <br /> caa�.�tion vr ' tion» <br /> ��. �lssignm�nt of��scei�ane�us Prvice�s; Farfe�ture. All M%scell�us are hereby a,ss�g�d to <br /> anr�sball�e paid to L�nd�. <br /> If�he Pra�rt�is d�naaged, suc��Vlisce�laneous . shall b�applied to res�orat�on or repair of the <br /> Pro�y, if the restQra�;on or re�air i�economically f�b�e�d.�eiider's security is not I�sened. During <br /> such r�pa�r and restnrat�on�ric�, Lender s�all.ha�e��r�ght ta Y�o1d su.ch Miscellaneous Pr�s unt�.I <br /> L.enc�.�er has had.an opportun�ty to�t such P�ro�r�y ta�nsure�ie work has�en car��eted.to L�n.der's <br /> �1EBRASICA S�ngle F�m��y Farm�e MselFredd�a Mac UN[FQ�11!IAiSTRUMENT Farm 3028'i f�31 <br /> VMp�g3 YMPfii�I�l t�3�2� <br /> 1NotRe�rs K�uwe�F�nancial Sen►�t�e�s Page 9 of 7 7 <br />
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