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201603021
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Last modified
7/24/2017 1:47:49 PM
Creation date
5/16/2016 11:11:14 AM
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DEEDS
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201603021
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2� 1 ��3�21 <br /> Any amounts disbursed by Lender under this Sectian 9 sha11 becnme add��i�nal debt of Barrower <br /> secured by this Security Instrument. These amounts sha�l bear interest at the Note rate from the date�f <br /> disbursement and shal�be payable,with such interest, up�n n�tice from Lender to Borrower requesting <br /> payment. <br /> If this Security Instrument is on a leasehald,Barrower sha�l comply�vith all�he provisions of th� <br /> lease. If Borrower acquires fee title to the Property,the leasehold and the fee title shal�not merge <br /> unless Lender agrees to the merger in writing. <br /> 'I�. IVlortgage Insurance. If Lender requir�d Mor�gage Insurance as a condition of making th� <br /> Loa.n, Borrflwer shall pay the prem�ums required ta maintain the Mortgage Insurance in effect. If, <br /> for any reason,the Mortgage Insurance coverage r�quired by Lender ceases to be available from <br /> the mortgage insurer that prev�ously pravided such insurance and B�rrower was required t�make <br /> separat�ly designated payments toward the premiums for Martgage Insurance,Borrovver shal�pay the <br /> premiums reyuired to obta.in caverage substa.ntially equivalent to the Mortgag�Insurance pre�i�us�y in <br /> effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage InsuranCe previously <br /> in e�ect,from an alternate mortgage insurer selected by Lender. �f substar�tially equivalent Mortgage <br /> Insurance coverage is not a�ailable,Borrower shall continue to pay ta Lender the amount flf the <br /> separate�y designated payments that w�re due when the insurance coverage ceased to he�n ei�ect. <br /> Lender will accept, us�and retain th�se payments as a nan-refundable loss reser�e in �ieu of Martgage <br /> Insurance. Such loss reserve shal�be non-refundable,natwithsta.nding the fact that the Loan is <br /> ultimately paid in full, and Lender shall not be re�u�red to pay Borrower any interest or earnings on <br /> such lass reser�e. Lender can no longer require Ioss reserve payments if Mflrtgage Insurance coverage <br /> (in the arn�unt and for the period that Lender requires�pro�ided by an insurer sele�ted by Lender <br /> again becomes a�a�lahle, is o�tained, and Lend�r requires separately designat�d payments taward the <br /> premiums for M�rtgage Insurance. If Lender required Mortgage Insurance as a condition af making <br /> the Loan and Barrower was required t�make separately d�signated paym�nts toward the premiums <br /> for Mortgag�Insurance, Borrov�er sha�l pay the premiums required to mainta.in Mortgage Insurance in <br /> ef�ect,or ta provide a non-refundab�e loss reser�e,until Lender's requirement for Mortgage Insurance <br /> ends in accordance with any written agreement hetween Borrower and Lender pro�iding f�r such <br /> t�rmination or until terminat�on is required by Applicable Law.Nothing in this SeCtion 1�a�ects <br /> B�rr�wer's obligatian to pay interest at the rate provided in the Note. <br /> Mortgage Insurance reimburses Lender�or any entity that purchases the Nate}for certain losses it <br /> may incur�f Borr�wer does nat repay th�Laan as agreed.Barrower is not a party t�the Mortgage <br /> Insurance. <br /> Mortgage insurers evaluate their tota.l risk on all su�h insurance in farce fram time to time, and <br /> may enter irttn agreements with�ther parties that share or modify their risk,or reduce l�sses. These <br /> agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other <br /> party(or parties}to these agreements. These agre�ments may require the mortgage insurer to make <br /> payments using any source of funds that the mortgage insurer may have a�ailable(which may include <br /> funds obtained from Martgage Insurance premiums}. <br /> As a resu�t of these agreements,Lender,any purchaser of the Note, another insurer, any reinsurer, any <br /> other entity, �r any af�iliate of any of the foregoing,may re�eive(directly or indirectly�amounts that <br /> HCFG-00359 <br /> NEBRASKA-Single Family-Far�nie MaelFreddie Mac LINIFDRM INSTRUMENT Form 3�28 1101 <br /> �p� 1�l15 <br /> Wa}ters Kluwer Finar�cial Services 20�6�5�415.3.2.35❑9-,]2�151�3�Y Page 9 vf 17 <br /> *79 697?1 fi215* <br />
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