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201601301
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Last modified
7/23/2017 10:00:21 AM
Creation date
3/4/2016 1:09:21 PM
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DEEDS
Inst Number
201601301
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2� 1 �� 13� 1 <br /> Any amounts disbursed by Lender under this�ec��Qn 9 sha��became addit�an�l debt of Barrower secured by <br /> this Security Instrumen�. These amoun�s shall bear interest at�he No�e rate fram the date of disbursem�nt <br /> and sha11 be payable,�vith such interest,upan notice from L�nd�r to Borrower reques��ng payment. <br /> If this Se��ri�Instsument is on a leasehald,Borro�rer sha11 compl�with a11 the�r��isions of the 1�ase,If <br /> Barrower acqu�.res fee titl�to the Property,the leasehold and the fee title shall not merge unless Lender <br /> agre e s to the merger in�vriting. <br /> 1�. Mvrtgage Insurance.If Lender required Martgag�Insurance a�a condition of making the L�an, Bonower <br /> sha��pay the premiums required to rnaintain th�Martgage Insurane� in effect. If, for any reas�n,the <br /> Mor�gage Insurance co�era.ge required by Lender ceas�s to be avai�ab�e frorn the mortgage insurer that <br /> pr�vious�y provided such insurance and Borrov�er was requued ta make separately des�gnated payrr�ents <br /> taward the premiums for Mortgage In.surance,Bonower shal�pay the premiums requ�red to obtain coverage <br /> substa.ntia�ly equi�alent to the Mor�gage Insurance previously in effect,at a cos�subst,�.ntially equivalent to <br /> the cost t�Borrotiver of the Mortgage Insurance pr�viously in effect, frorn an a��ernate mortgage insurer <br /> sel�cted by Lender. If substantially equi�alent Mortgage Insurance coverage is not available, �orro�uer sha11 <br /> can�inue ta pay to i,�nder the amount vf t�e separatet�r designated payments that were due��e�t�.e <br /> insurance co�erage ceased�o be in effect. Lender wi��accept,use and retain these payments as a <br /> non-refundable loss reser�e in�ieu of Mortgage�nsurance. Such lass re�er�e sha11 be non-refundable, <br /> notwithst.�nding the fact that the L�an is ultimatety paid in fu�l,and Lender shall not be required to pay <br /> Borrawer any interest or earnings on�uch lass reser�e. Lender can no longer require�oss reserve payments <br /> if Mortga�e Insurance co�erage(in the amount an�for the period that Lender requues}pro�ided by an. <br /> insurer selected by Lender again bec�mes available,is obtained,and Lender requ�res separa�ei�designated <br /> payment�toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a <br /> condition of making the Loan and Borrowex was required to rnake separately designated payments toward�he <br /> premiums for Mortgage Insurance�Borrower shall pay the pr�miums requued to m�intai�Mortgage <br /> Insurance in effect,�r ta pro�ide a nan-refundable loss r�s�rve,until Lender's requi.remen�for Mortgage <br /> In�urance ends in accordance with an�written agreement between BQrrower and Lender�roviding for such <br /> termination.or until termin.ation is requued by Applicable Law.Nothing in this�ection i 4 affects <br /> Barraw�r's�b�igation to pay interest at the rate prov�ded in the Note. <br /> Mortgage Insurance reimburs�s Lender�or any entit�that purchases the Note�far certain losses it may incur <br /> if Bon�wer do�S not repay the Loan as agreed.Borrow�r is not a party to the Mortgage Insurance. <br /> Martgage insurers evaluate their tota.l r�sk on a��such rnsurance rn force fram��me to time,and may�nter <br /> into agreemen�s with other parties that share or mod�fy their risk,or reduce losses. These agreem�n�s are on <br /> terms and candi�ians that are satisfactory to the mortgage insurer and the oth�r party(or partie�)to these <br /> agreements. These agreements may require the mortgage insurer ta ma�e payments using any source of funds <br /> that the mortgage insurer may have available[�rhieh may include funds obtained from M�r�gage Insurance <br /> premiums}. <br /> As a resu�t of th�se agreements,Lender,any purchas�r of the Note,another insurer,any reinsurer,any <br /> other�ntity,or any affiliate af any of the foregoing,ma�r re��ive�d�rec�ly or indirectly}amount�that <br /> deri�e from�or might be characteriz�d as}a portion of Borrower's payments for Mor�gage Insurance, in <br /> exchange for sharing or modifying the mortgage insurer's risk,or reducing 1o�ses. If such agre�ment <br /> provides that an affi�iate of Lender takes a share of the insurer's risk in exchange f�r a share af the <br /> premiums pa�d to the insurer,the anangem�nt is aften termed"capti�e re�nsuranc�."Further: <br /> q�33519�4�63 �233 328 0917 <br /> NEBRASKA-Single Family-F�nnie MaslFreddie Mac UN�FflRM INSTRUMENT WITH MERS Farm 3�281IQ1 <br /> UMP� VMP6A[NE)�1342}.fI4 <br /> Wolters Kluwer FinancEal Services Page 9 0�17 <br />
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