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201506204
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Last modified
7/21/2017 8:09:38 AM
Creation date
9/11/2015 9:44:37 AM
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DEEDS
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201506204
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��1 5�6��4 <br /> Property andlor rights under this S�cur�ty Instrum.en�,incl.udin�xts�ecured pos�tion�n a bankrup�Gy proceeclixag.Securix�.g <br /> the Property incl�ude�,but�s not�1mi�ed to,entering the Property�a mak�repairs,�hange loc�s,rep�ace ar�aard up da�rs <br /> and�vindo�vs, drain�vafer from pipes,elzminate bu�.Idixa.g or ot�i�r c�c�e vio�ations ar dangerous c�nc�i�ions,and have <br /> uti���.e��.urned o�ar aff Alt�i�ugh Lender rnay tak�e action und�r�h�s Sec��on.9,Lender does nat ha�e�o do so and is not <br /> under any du� or obli.ga�ion to do so. I� is agreed that L�nder incurs na liability for no�taking any or a11 ac�ions <br /> authari�ed undez this Sec�an 9. <br /> Any anaounts d:�sbursed by Lender under this Sec�ian 3 shall be��me additianal debt of Borro�ver secured by this <br /> Secur��y Instrunxen�. Th�se amounts shall bear in�ere��at�h�Nate rate firom the da�e of d�sbursement and shall be <br /> payable,wi�th such�nteres�,upan no�ice fr�nm Lender�o$orra�ver requesting payment. <br /> �f this S�curity�ns�rument is on a�e�.sehold;Borrower shall cornply with all the pr��isians af the J.eas�.If Barrower <br /> acquires fee title to the Property,the Iea�ehald and the fee ti�Ie shall nat merge unless Lender agrees to the merger in <br /> tivniting- <br /> 1D.Mertgage Im�uran�e.If Lender requ�red Mor�gage Tn�urance as a candition of making�h.e Loan,Sarxower shall <br /> pay the premiuxz�s r��u�red to ma�ntazn the Mortgage Insurance in�f�ect. �f,far any r�ason,the Morrgage Ynsuranc� <br /> coverage re�u�red b�Lender cease�to be avail.ab�e from the martgage insurer that prev�.ausly provided such u�surance <br /> and Borraw�r was required�o mal�e separa�e�y designated paym�nts�oward the premiums for M�rtgage�nsurance, <br /> Borrov�er shal.l pay�he premiums required�a obtai.n co��erage substasa�ia.��y equ�valent to the 1Vlortgage Xnsurance <br /> previously in effec�,at a cos�substantially equi.valen�to�he cost to Barrower�f�he�ortgage�nsuranc�prevlous�y in <br /> effec�a frorn an alfierna��mor�gage insur�r se�.ected�y Lender.If subs�antia�.Iy equivalent l��ortgage�nsurance coverage is <br /> na�ava:��a�ie,Borr��rer sha11 cont-inue�o pay to Lender the arn.ount af the separately designa�ed payments th.a�were due <br /> u�h�n�he insur�nce caverage ceased tv be �n effect. Lender wi.11 ac�ep�, use a.nd retain#he�e payments as a nan- <br /> �efundable 1o�s res�r�e ix�.lieu flf Mort�age Insu:rance.Such Ioss reserv�sha��.be nan-refixr�dable,not,wxth�#ariding the fac� <br /> �hat�he Loan i�u�tima�eiy pazd Yn fu11,and Lenc�er sha�l no�be required��pay Borrawer any i.nteres�or earn�.ng�on such <br /> loss reserve.Lender can no longer requ�re�.oss reserve payn-�ent�if 1Vlortgage Insurance�overage�in�he amount and f�r <br /> �he periad that Lender�equires}provided by an�urer se�ected by Lender dgain be�vrnes avaiiab�e,is obtained,and <br /> Lender reqt-ures sepa�atel:y designa�ed payments tawaxd the premiums far Mor�gag� �nsurance. �f L�nd�r require�: <br /> Mortgage �nsurance as a c�ndition of ma.k�ng th� L�an and Barrower was requ�red to make separa�ely des�gna�ed <br /> payments�oward�he prerniurns far 11�ortgage Insurane�,Borxower shall pay the premium�required to ma,inta.in'_Vlor�gage <br /> Xnsurance in effec�,�r to pravxde a non-xefundable�o�s reserve,until�ender's r�quire�nen�far Martga�e�nsurance ends <br /> in acc�rdance v�rxth any vv�rit�en agreement between Bo�awer and Lender praviding for such termina�ion �r until <br /> terminatian is requ�red by Applicable Lav�14athing�n this S�c�on 1 D afFects Borrower's obligation�o pay�nteres�at�h:e <br /> rate pro�ided x.n.�he No�e, <br /> Mor�gage��.surance rei�aburses Lender�or any entity that purchases the l�iate}f�r cextain Ias�es i�ma�incur if <br /> B orrovver does nat repay�trie Loan a.s agreed.B�rrower is not a part�y�o the Mor�gage�nsurance. <br /> Mortgage I�urers evalu�.t�their to�a�.risk on a�l such in�urance�ix�fnrce fron�time t�t�me, and may en#er into <br /> agreemen�s�rith o�her�ar�res triat share or modify the�r risk, or reduce�os�es. These agre�ments are on t�rn.zs and <br /> condit�ans tha� �re satis�a�tory to the mor�gage insurer and the o�.her par�y �or part�es}�a�hese agreements. These <br /> �.greemen�s may req►ure the mar�g�ge insurer to make payments u�ing any source of funds tha�the m.artgage insurer may <br /> ha�re avaiiable�v�hi.ch may uaclude fiinds ol�tained frflm Mar�gage Insurance premium��. <br /> As a result of�hese agre�ments,Lender,any purchaser af the nate,�nather in�urer,any re�nsurer,any other en�i�y,or <br /> afFiliate of ariy af th.e foregoing,ma�recexve�direct�y or�ndirec�ly�amoun�s tha�derive from�or mlght be characterized <br /> as� a porti_on of Svrrower's paymen�s for Mortgag�Insurance, in exGhang�far sharing or m�difyi.ng�he mar�gage <br /> insur�r's r�sk,vr reducing�osses.If such agreeimenf pravi.ded tha�an afi�'zlia�e of L�ender ta.�es a share�fthe i.nsurer's risk <br /> in exchange for a�hare of the premxux�s paid to the insurer,the arrangem�nt is often termed"captive reinsurance." <br /> Fur�tie�: <br /> �a�Any su�h agreeme�ts�iil no�affe��the amnun.ts tha�Eo�-rvwer�as agreed to pa�for Mortgage Insurance, <br /> or�ay��ther te�-ms af the Lvan.�uch�gre�me�ts�ill nat�.ncrease the amor�at Bo�rvwer will awe f�r 1V���gage <br /> Insurance,aad they tivil.�.not enti�t�e�orrawer tv any refund. <br /> (�}Any such agreemerits will nat affect the r�.gh�s Borr��rer has--ff any--with respect�v�he Mortgage <br /> Insurance under the Hame�wners Pratection A�t of 1995 or any other iavv.These ri.gh�s n�.�.��.nclude the right to <br /> NEBR�SKA-Sing�e Family-Fa�nie Ma�lFredd:i��ac UN�FQR�11 INST�UMENT Form 3 8 10� <br /> Pag�7of13 <br /> Eos,ir��. Barrow�r�s}Ini��al � �,� - <br />
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