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201507310
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Last modified
7/21/2017 1:26:39 PM
Creation date
10/26/2015 9:05:37 AM
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DEEDS
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201507310
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2�15�731 � <br /> under any duty ar abl�ga�on�o d� s�. It is agreed th�.t Lender incurs no ��ability f�r not taking any or a.11 actiQns <br /> autharized under this Sec�ion�. <br /> Any amaunts d�sbursed by Lender und�r�his Sec#�an 4 sh�l�bec�me additional debfi af Borrower s�cur�d by�h�s <br /> Securzty�ns�ru.m�nt.These�mouza.ts shall bear intere�t at�he Note ra�e from�he date of disbursement and shall be <br /> �ayab�e,wi�h s�ch in�erest,upon notzce frnm�ender�o Borrc�we�requesting payrnen�. <br /> �f t�is Se�uri��nst�ament is 4n a l�aseh4�d,Barrowe�r sha�I�naply with��#he�arovisi�ns of the Iease,If B�rrower <br /> acquiz�es fee�i�tle�o the P�aperty,the�easeh�Id ax�d t�ie fee titl�sha�I nat merge u�Iess Lencier a�rees to the merger in <br /> • r <br /> Wr���.rig. <br /> 14.Mar�gage Insuran��.�fLender requir�d Mar�ga.ge�nsurance as a candit�on�f ma��g#he Laan,B�rr�wer sha1� <br /> pay the premiums required t�m�in�ain the Mortgage�risurance in ef�ec�.�f,fvr any reason,th�Mor�gag�Insurance <br /> caverage required by Lender ceases�o be a�az�ab�e frorn�h.e m�rtgage insurer that pre�iously pravided su�h insuranc� <br /> and Borrow�r was�equired to rnake separat�ly des�gnated paymen�s towar�the p�em�ums f�r Martga�e�nsurance, <br /> B�rrvw�r sha�� pay the premi�ums required�� �bta�n coverage substantialty equivalent tfl the Martgage �nsurance <br /> �revi��s�y in effect,a�a cast sub5tantially�qui�alent t�the�ast to Borrow�r of�he M�r�gage�nsurance previ�usly in <br /> ef�`ect,firam an al��rna#e rr�artgag�insurer se�ecte�by Lende�r,�f substar�tia�ly equiva�ent M�r�gage�nsurance covera�e�s <br /> no�ava�I�.bie,Borrower�ha�t��ntin�ae to pay to Lender th�arn�un�of#h.e separatei�desi�ated pa�menfis�h.a�were�ue <br /> urhen th� insurance cov�rag�e�ased#fl be in eff�ct. Lender�ril� accept, use and re#.�n fihese payrnents as a na�- <br /> refundable lflss reserv�in Iieu ofM�rtgage rnsu�ance.Su�h Ioss re�erve sha�l be non-refunda�Ie,na�withs�anding�he fac� <br /> that�the Loan i5 u��ima���y pa��in fu�1,a.nd Lendex shat�not be required ta pay Barrflwer any�nteres�or earning,s on such <br /> �oss reserve.Lender can na Ionger requir��ass reserve payments ifMort�ag�Insurance ca�erage��n�he amoun�and far <br /> �he periQd tha�Lend�r requires�pravided�y an insurer�e�ect�d.by Lender aga.�n hecomes�.�aiiab�e,is nb�axned,and <br /> Lender requires separa��iy d�si,�n.ated p�.ym�n�s t�wa��.the premiu�xxs for Iv�or�gage Insurance. �f Lender requxred <br /> �vrtgage�nsurance as a eon�itzan af mak�.n.g the L�an a�n.d B ar�rower�vas requxred to make separate�y d�signated <br /> �ayments tou�ard th.e��rern�ums f�r Mor�gage�nsuran�e,Bvrrawer��ail pay the premiums required to rnai�atain Mor�gag� <br /> �nsurance in eff�ct,ar tv prov�de a nan-refund�b�e�as��eser�e,until Lender's�eqc�uemen��`�r Mor�gage�nsurance en�s <br /> xn accordarice with any writt�n agreem�n� �e�ween Barrawer and L�nder p�oviding for su�h term�na��on or un��l <br /> t�rmin�ation�s required by�.pplieab�e Law.No�h�ng in thi�Sectia���af�`ects Borro�er's�b�iga�ion to�ay�nter�st a#�he <br /> rate prov�d�d in the�o�te. <br /> Mort�age Insurance xeimb�wrses L�nder�or any entx�y that pur�hases�the I�'ote�for cer�ain tosses i�may incur if <br /> B orrower does not repay the Laan as a�reed.B orr�wer�s no�a party ta�he Martgage Insurance. <br /> Martgage�nsurers ev��uate t�ei,�total�i�k on��su��insuran.ce in ftirc�fir�m�ime to time,and may en�er�n�� <br /> agr�ezr�ents with�ther parties that shar�ar mociify their risk,a�r reduce losses.�'�es�agreements are an terms and <br /> condztions that �re s�t�sfa��ry to the mortgag�insur�r�x�.d�he ather par�y �ar parties}�o these agr�ex�en�s.These <br /> agreements may�require�he m�r�gage�nsur�r ta make payna��ts using any source vf fun.t�s that�he rnor�gage insuxer ma.� <br /> have available�which znay inc�ude fr�.nds abtained fr�m�Iartgage Insurance pr�miums}. <br /> As a�resul�of�hese agreeme�ts,Lend�r,any purchaser 4�th�z�ote,ano�her�nsurer,any reinsu3rer,any o�ie�r en�ity,tir <br /> aff��a�e of a.�y of�he fvregaing,may r�ceive{c�rect��ar u�.d�rec��y}amaun�s that derive firom�ar migh�be chara��er�ed <br /> as}a p�r��n af Borrower's payrnents for Mortgage Insurance,in exchange for sharing or modifying�he rnor�gage <br /> insuz�er's risk,or redu�zng losses.If such agreement pro��ded tha�an a#�I�ate af L�nder takes a share of�he insurer's risk <br /> �n exchange far a.share of the pr�miums paid to the insu�er,the arrangement�s often termed"cap�iue re�nsurance." <br /> Fur�her: <br /> �a)Any such agre�axEnts wil�n�t a�fec�#he aznount�that Sorrower has agreed to pay far Martgage Insuraauce, <br /> or any other�erms of tbe Loan.Such agre�m�n�s wi�l n�t inrrease the amount�arro�ver vrvi�I awe for Mvrtgage <br /> Insuranc�,and�hey w�il nat ent�t�e Borrower�v any refund. <br /> �b}Any su�h agreements wi��no�$ff�c�the rights Barrawer ha��-if any-�with respe�.t�a the IVlortgage <br /> Insuran��undQr the Hameowners Pro��etion Ae�of 199g or any u�h�r Ia�w.These rights may inctu�de�he right t� <br /> recexve certain dis��o�ures,ta request and+ob�ain cancellation of�he Martgage Insurance,�v h�ve the Mortgage <br /> insuranCe terminatet�autom�#��a��y,andl�r to ree�ive a refund af any Murtgag�Iasurance premfum.s�h�t were <br /> unearned a�the t�me af sueh caneellation or terrninat�nn. <br /> NEBF�ASKA-Sing�e Fam�ly-Fannie MaelFre�d�e�lac UN�FC�R[�lNST#�i�NlE�tT Fv 3� 8 �f4'i� � <br /> Pa�e 7���3 <br /> �as,�nc. Bor�owe��s}�nitia�s ` ` <br />
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