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201504047
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7/21/2017 2:44:01 AM
Creation date
6/17/2015 9:19:37 AM
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201504047
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��15�4�47 <br /> An.y amounts disbt�rsed by Len.der�rider this��ction 9 sha11 bec��e a�.d�t�or�al d�bt of Bo�-r4�rer secured b� <br /> this Security Instrument. These amo�nts sha11 bear interest at the Note rate fram the date of d�sbursement <br /> and sha���be payable,�vi��such inter�st,�pon n�tice fr�m i�ender to$�rrower requesting payment. <br /> If th�s Security Ins�rument is oa a leasehold,Borrnwer shall cam��y�vith a��the provisions a�th��ease. rf <br /> Borro�rer acquires f��title to the Prop�rt�,the leasehotd and the fee title shat�not rr��rge unless L�nder <br /> agre e s to the rnerger in�rriti�g. <br /> 1�. Nfartga��Insuranc�.If Lender requiured Mor�gage Insurance as a candit�on of making th��.�a�, �arr�wer <br /> sha11 pay th�premi�ms required to maintain the Mar�gag�Insurance in�ffect. Tf, for any reason,the <br /> Mortgage Insurance co�era�e required by Len.der ceases to be availab�e from the mortgage in�urer that <br /> previously provided such insuran.c�and Borrower was required to make separately designated pa�ments <br /> toward the�aremiums for Mortgage Insurance,Borra�ver�h�all pay t�ie premiums requis�d to vbta.in c�verage <br /> substantia��y equivalent ta the Mortgage Insurance pre�i�us�y in effe��,at a cost subs�a.nt�aily equivalent�� <br /> the cost�o Borro�ve�o�f the Mo�gag�Insuranc�p�e�io�sl�in eff�ct,frarn a�a a�terna�e�ano�tg�.ge ins�rer <br /> select�d b�Lender. If subs�antially equiva�ent Martgag�Insurance coverag�is na�a�aila�le,Borrower sha11 <br /> co�t�nue to pay�o Lender the am�unt of the s�arat�ly designated payment�that�v�r���e when the <br /> insurance c�v�rage ceased to be in effect. Lender wi11 accept,us�and re�ain these payments as a <br /> non-refundab�e loss reserve in lieu af M�rtgage Insuranc�. �uch lass reserv�shall be non-refundable, <br /> notwithst�nding the fact that the Loa�is ultimately paid in fu��, and Lender sha11 not be r�quired tv pay <br /> Borrower any�nterest or�arnings a�such loss re�erve. Lender ca�x no longer requ�re loss reserve payment� <br /> �f M�rtgage Insuran�e co�erage[in the amount and far the period that Lender requires)pravided by an <br /> insurer selected by Lender again becames avaiiable, i�obtain�d,and Lender re�uires sep�.rat�ly designated <br /> payments towa,�'d the premiums for Mortgage Insurance. If�.ender required Mortgage In.suranc�as a <br /> c�nditi�n.of maki.ng the Laan and B�rrower�va�required to make separately des�gnated payments t��vard the <br /> premiums for M�rtgage Insurance,Borrower sha���pay�he premiums r�quired to maintain 11�Ior��a�e <br /> �nsurance in effect,or to pra�ide a non-refun.dable loss reserve,�ntr1 Lender's requirement far Mortgag� <br /> Insuranc�ends in accflrdan��wit�,any written ag�een�ent bet�vee��a�'owe�and Lender p�a�idi��for srach <br /> ternn.inatian or until termination i�re�u�red by Applicab�e Law.Nothing in th�s Sec�ion 1 d affects <br /> Barrower's abliga��on to pay inter�st at the rate�ravided in the�ote. <br /> �Iort�age Insu.rance reim�urses Lender[or any entity�hat purchases the Note}far certa.�n losses it ma��ncur <br /> if�orr�vver does nat repay the Laan as agreed. �3orrower is not a pa�r to the Mor�gage Insurance. <br /> Il�ortgage��surers eva�uate their tat�l r�sk on all such�nsurance i�n f�rce from tim�ta time,and ma�r enter <br /> int�agre�ments w�th ather part�es that share or modify their r�sk,or red�ee lo�ses.These agreen�en�t�are on <br /> terms and conditions that are satisfactory to the mor�g�ge insurer aad the ather party�or parties}to�hese <br /> agreements. These agreements may requue the�ortgage�n�urer to make paymen�using any source of funds <br /> that the mortgage�nsurer may have availa�le(which may include funds obt�in�d from M�r�gage Insurance <br /> prem�ums}. <br /> As a result of these agreer�ents,Lead�r,any pur�haser of the l�ate,another insurer,a�y reinsurer,any <br /> other entity,or an�affil�ate of any of�he faregoing, may receive(dire�tly or indirectly}amounts that <br /> derive fr�m(or migh�be�haracter�z�d as)a por�ion of Bono�ver's payments for Mortgage Insurance, in <br /> exchange for sharing or madifying the mor�ga�e insurer's risk,or redu�in.g�osses. If such agreeme�.t <br /> pravides that an aff��iate af Lender take�a share of the insurer's risk in exchange for a share of the <br /> premium�paid ta the�in.su.rer,the arrangement is o�en.termed"capti�e reinsurance,"Fur�her: <br /> q�33411$4141 ��33 321 p�17 <br /> NEBRAS�A-Single Fam��►-Far�nie Mae1Fr►�c#die Mac IJNIFORM lNSTRLIMENT W(TH MERS F�rm 302$9141 <br /> VMP� VMPQA(NE)�1342}.44 <br /> Vllolters Kluwe�Fi�an�fal 5enrices Page 9 af 1� <br />
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