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201507900
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Last modified
7/21/2017 1:52:46 PM
Creation date
11/17/2015 10:05:54 AM
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DEEDS
Inst Number
201507900
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2� 15�79�� <br /> Any amounts disburs�d by Lender under th�s Section 9 sha��become additi�na�debt of Borrower secured by <br /> this S�curity Instrument.These amaunts shall bear�nterest at the Note rate from the da��af disbursen�en� <br /> and sha111�e payabl�,with such interest,upon not�c�fr�m Lender to Borrower requesting payment. <br /> If th�s�ecuri�Instrument is on a leasehold,Borrovv�r shall c�mply with all the pro�vision.s of the lease. If <br /> Borrower acquires fee t�tl�to the Pr�perty,the�easehold and the f�e title shall nvt merge unless Lender <br /> agrees to th�merger in writing. <br /> 'I�. Mor#gage lnsurance.If Lender required Martgage Insurance as a condition of making the Loan, B�rrower <br /> sha11 pay the prerniun�s required to maintain the Mortgage Insurance in effect.If, far any r�ason,the <br /> Mortgage Insuranc�coverage req�ired�y Lender ceases to be a�ra�lable from the mortgag�insurer that <br /> previous�y pro�ided such insurance an�1�3�rrow�r was required to make separa�ely designat�d payments <br /> to�vard the premiums for Mortgage In�urance,Borrower sha11 pay the premiums required to obtain cov�rage <br /> substantially�qu�valent to th�Mortgage Insurance previously in eff`ect,at a cost substantially equivalent to <br /> the cost ta Barrower of the Mortgage In.surance previously in effect, fr�m an a�ternate mortgage insurer <br /> selected by Lender. If substan��a�ty equivalen�Mortgage I�surance coverage is not available,Borrower shall <br /> continue to pay t�Lender the amount of�he separately des�gnated payments that were due when the <br /> insurance coverage e��sed to b�in effe�t. Lender wi11 accept,use and retain these paymen�s as a <br /> n�n-refundabie�oss reserv�in�ieu of Mortgage In�urance. �uch lass res�rve shalt be non-refundab�e, <br /> natwithstanding th�fact that the Laan is ul��ma�ely paid in fut�,and Lender sha11 not be req�ued to pay <br /> Bonower any interest or earnings an such t�ss rese�ve. Lender can no longer require loss reser�e payments <br /> if Nlortgage In.surance co�era.ge�in the amoun�and f�r the per�od that Lender requires}pro�ided by an <br /> insurer selected by Lender aga�n becomes a�ai�ab�e,is obta.ined,and Lender requires sepa.rately designa�ed <br /> payments toward the premiums fvr Mortgage Insurance. If Lender re�uired lUiortgage Insurance as a <br /> conditron of making the Loan and Borrower was required to make separately des�gnated payme�xts toward the <br /> premiums far Mor�gag�Insurance,Borrower�hal�pay#he premiums required to mainta�n Mortgage <br /> Insurance in effec�y vr to provide a non-refundab�e�oss reser�re,until Lender's requirement for M�rtgage <br /> Insurance ends in accardance�ri�h any written agreement bet�veen Borrawer and Lender providing f�r such <br /> termination or until terminatian�s required by App�icable La�.Nothing in this Sectio� 1�affects <br /> Borrovver's obiigation ta pay inter�st at the rate provided in the Note. <br /> Mortgag�Insurance reimburse�Lender�or an}�entity that purchases the Note}fvr certa�n losses it may in�ur <br /> if Borrower daes not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance. <br /> Mortgage insurer�e�aluate their tota�risk�n a11 such insu.rance�n force fr�m time to�ime,and may enter <br /> �nto agre�ments with other parties that share or m�dify their risk,or reduc�losses.These agreemen�s are on <br /> terms and canditions that are satisfactory to the mor�gage insur�r and the other party(or parties��o th�se <br /> agreements. These agreements may require the mor�gage insurer to make payments using any�ource af fi�n�s <br /> that the mortgage insurer may have available(which rnay include funds obtained from Mortgage InsuranGe <br /> premiums). <br /> As a resu�t�f the�e agreements,Len�er,any purchaser of the Note,another in.surer,an�reinsurer,any <br /> vther entity,or any affiliate af any af the foreg�ing,may receive�directly or indirectl�}amounts that <br /> der��e from(or might be characterized as}a portion�f Borrower's payments for Mortgage In�urance, in <br /> exchange for sharing or modifying the mortgage insur�r's risk,or reducing�osses. I�such agreement <br /> pro�id�s that an affiliate of L�nd�r takes a share of the insurer's risk in�xchange for a share of the <br /> premiums paid to the xn.surer,the arrangement is oft�n termed"captive reinsurance."Further: <br /> qo33�z141z5v oz3� 4az a91� <br /> NEBRASKA�ingle Family-�anr�ie MaefFreddie Mac UNiF�RM INSTRLIMENT WITH MERS Form 3428 1141 <br /> VMP� VMPfiA(NE)t130�}A4 <br /> Waiters Kluwer Financial Servic:es Page 9 of 17 <br />
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