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201506125
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Last modified
7/21/2017 8:08:04 AM
Creation date
9/8/2015 10:00:53 AM
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DEEDS
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201506125
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��15��1 � 5 <br /> Any amount�disbursed by Lender u�der tb.is S��tian 9 sha11�ec�me addition.al deb�af B�rra�ver�eeured by <br /> �his Security�nstrum�at. These ar�ou��s shall b�ar inter�st at th�Note rate fr�m the dat�vf disbursernent <br /> and shall be pay�.ble,�vith such i�.ter�st,upan��oti��fram Len�er to Borrower r�qu�st�n�paym�nt. <br /> If this S�curity�ns�runr�ent is on a�easehold,Borra�[r�r sha��c�mply with a�l�he provisions of th�lease.If <br /> �orrower acquires fee title to th��r�perty,the l�a�ehold��►d the f�e title shall�a�t nra,erge un1e��Lender <br /> a�re�s to the�nerger in vv�r�ting. <br /> 1 D, IlAvrt�age�n�uran�e.If Lender r�q�uir��Martgage�nsura�nce��a cvadit�aa�f making the Laan, Borrower <br /> sha11 pay the premiums r�quired to mai�tai�the Mc���a�e Insuran��i��ffec�.If,for any��ason,th� <br /> Mortgage Insuranee�o�r�r�ge reyuired by L.enc��.r�eases��be a�ail�ble from the rr�artga�e in�urer that <br /> previ�u�ly pr�v�ded such insu�ranc�a�.d��r�ot�ver vv��r�t�u�red to mal�e separa�ely d�sign�ted payments <br /> taward the premiurr��fvx 1'��rtgage In���ran�e,F34rr�w�r�b�a�l���1�he prerr��u��requir�d ta abt.�in Go�erag� <br /> �u��tanti�.�ly eq��va�ent to the I�Ior#���e�n.�ur�.nce pre�i�us��an e�'�ct,at a co�t substantiall�equivalen�ta <br /> the��st to Bonower of th�N�o�rt�age Insurane�p�e���u�1y i�e�fec�� frorn a�alter�ate mor�gag�insurer <br /> selec�ed b3���nder. If�ubst�ntiai�y equiv��ent�I�rtgage In�ur�n���averag�i��.�t avai�a�l�,�orrower�ha�� <br /> conti.�.ue�o�pay�o Lender th�am�unt of�h�s�parat��y de�i��►at�d�a�ment���at w�r�du�w���t�,e <br /> insurance co�era�e c�a�ed t�be in effec�. Lender vvill a��e��,u�e and retain t�.es�p�yments as a <br /> non-r�fundab�e loss r�eserve in lxeu of M�rt�a��Insur����, �u�h loss res�rUe shall b�non-refu�►dab��, <br /> noh�it�st,�nding the fact�l�a�the Laan is ultirn�te�y paid��a full,and Lender sha11 nat be required ta pay <br /> Borrower any intere�t or earnings�a such loss reserve. Lender can�ao �onger require loss reserve payments <br /> if Mar�gage Insurance covera�e(in the amaunt and for the period that Lender requires�provided b�r an <br /> insur�r se�ecl�ed by Lender again becomes a�ailable, is ob�ain��,and Lender requu�s separate�y designated <br /> payments toward the prem�urns for Mortgage Insurance.If Lender required Mort�a�e In�urance as a <br /> conditidn 4f making�he Loan and Borraw�r�as r�quired to make s�parate��designat�d payments toward the <br /> ptem�ums for Mort�ag�e Insu�ran�e, Fiarrawer shall pay th�premiums requir�d to rnainta�n Mortgage <br /> Insurance in effect,or tv provide a nat�-refund�ble loss re�erv�,�ntil L�nder'�req�airement for Mortgage <br /> �n�urance+en�ds in accgrda��e with any written,a�reem�t�t between$orrower�nd Lend�r pro�it�ing for�uch <br /> termination or until termination is r��uired�y Apgiic�bl�La�v.N��hin�in this Sec�ion 1 Q affect� <br /> Borrower's obligatio�to p�y i��er�s�a�the�ate pravided i�the l�ate. <br /> M�rtgage insura�ce reirnburses Lender�or any�ntity that pu.rchases ttae Nate�for certain losses it rnay incur <br /> if F3�rrawer do�s not repay the Laan as agreed.Borrawer iS aot a party ta the Mortgage Insurance. <br /> Mortgage insur�r�evaluate their tatal ris�t�n al�such insurance in force from tim��o time,and ma�enter <br /> inta agreenaents with other par��es�hat share or rn�dif�their ri��,or r�duc�losses.Th�se agr�emen.�s are on <br /> terms and conditions that are�atisfaetc�ry t�the mortgage insu�er and�he ather�arty(or parties)to these <br /> a�r�eme�ts.Th�se agre�m�nts may require th�rnortg��e insu.�re�r to rr�al�e payments using any�ouree af funds <br /> that the m�rt�age in�urer�may hav�avai��ble��vbi�h may in�lud�funds�btai�.ed fr�m�Viortgage Insurance <br /> premiums). <br /> As a result af th�se agree�ne�.t�,Lend�r�any purcha�er vf the Nat��anQther insur�r�an�reinsu.rer,any <br /> otl�er ent��y,or any affitiate of�,ny af the foreg�ing,ma�r�c�i��(directly ar i�ndirectly}amounts that <br /> derive from�or rnight be characteri�ed as)a p�rti�n of Ba�rrativ�r's payments for Mortgage Inst�.rance,in <br /> exchange for sharing ar madifyi�g the mortgag�in�urer's risk,ar r�ducing lasse�. �f such agreement <br /> pro�ides that an affil�at��f Lend�r�kes a share vf the insur�r's risk�n exch�ange for a share af the <br /> pr�mi�ms�aid to tb�e insur�r,the arrang�rnent is vften��rmed"captiv�r�insurance."Further: <br /> q03345683p75 �233 2$2 0917 <br /> NE9FiAS1�[A-Single Family-�annie IVIaelFr�sddie Mac L1NIFflRM INSTFilJMENT WITH MERS Farm 3o28 114� <br /> VMR Q VMPBA[NE}�13Q2]_4Q <br /> Wolter�K4�wer Finar�cial Sesv'tces Page 9 ofi 17 <br />
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