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201603733
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Last modified
7/24/2017 2:11:41 PM
Creation date
6/17/2016 8:58:58 AM
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DEEDS
Inst Number
201603733
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2� 1 ��3733 <br /> ��quired �o m�ke �eparately desi�na��d p�yment� �oward tne �r�miums far Mortg�g� �nsurance, <br /> B�rra�ve� shall p�►y fihe pr�miums rsquired to maintain M�rtgage lnsuran�� in effeGt, or to pro�ide a <br /> n�n-r�funa��ble ��s� r�s�rve, ur��il L�nd�r's ��q�ir�rr��n�for M�r#��ge 1n�ur�nee�nds �n acc�rd�nc�w��h <br /> �ny writ�er� ag�e�m�n�b��we�n Borrawer and Ler�de�pravidin� far such termination �r untEl�ermina�ian is <br /> r��uir�d by Ap�fica�ie L�w. N��hing in ti�is S�c�i�� '�� af�e�ts 6arrow�r's�blig�ti�n �a pa� in���e����fhe <br /> ra�e pro�i��d ir�the Na�e. <br /> M�rtgage jnsurar�ce r��mburs�s Ler�d�r��r ar�y en�i�y �hat purchas�s th� N�te� f�r���tain 1as�es <br /> i� may in�u� �f ��r��w�r dves not r��ay fhe Loan �s ��r��d. BQrr��v�r is n�� � party to fih� Mar�gag� <br /> i nsur�nce. <br /> M�r#g��� insur�r� �valua�� th�ir ���ai r�s� �n a�l such �nsur�n�� in f�r�� fr�m fim� t� �im�, and <br /> may �nf�r in�a agreem�nts �vi�h o�h�r p�r���s thati shar� or modify thei� risk, or r�du�e i�sses. Thes� <br /> agr�emen�s are an t�rm� �nd c�ndi��vns fha��re s���sf�cto�r�� th� mortgag� in�urer�nd�he ��her party <br /> ��r p�r�tes} �� the�� agreern�nts. Th�se ag���men�s may r�quire �h� mar�gag� insur�r �� make <br /> paym�n�s using �ny sQurc� of funds �hat �he mQr�gage in�urer may hav� a�ailala�� �whi�h m�y in�lud� <br /> fur�ds vb�ained fr�m M�rtgag� in$uran�� pr�m�um�}. <br /> As a r�sui� of th�s� �gr��men�s, L�n�l�r, any purcha�er �f �he No��, ano�h�r in�urer, an}� <br /> r�insur�r, �ny ��h�r en�i�y, or any �f�[i��e �f any of fih� far�going, may rec�ive �dir�c�l� or indire�tly} <br /> amvun�s �ha� deriv� fr��r-� �o� m�ght �e �har��teri��d �s} a portia� vt E3arrow��'s paymenfis fvr M�rtgage <br /> �nsuranc�, in �xchange f�r sharEng �r rn�difying fh� m�r�gage insu��r's risk, or reducing losses. lf su�� <br /> a�re�m�nt �r�vides �ha��n affi�iate� �f Lender tak�s a sha�e of�h� in�urer's risk in �x�hange far a shar� <br /> af fhe �r�rr�ium�pai�tv fhe ins�rer, �h��rrar�gement is�f�en fi�r�n�d "�a��iv�r�in�ur�nc�." Furth�r: <br /> �a} Any suc� �gr�em�n�� wiil n�t�ffe���h� arr�ounts #hat�Borr�wer ha� agre�d to pay for <br /> I1�lar��ag� �nsurar�c�, �ar an�y �th�r t�rms of �he Loan. Such agr��ments wi�l n�at �n�reas� th� <br /> amoun� Borr�wer �rvil� owe f�r �ar�gage �nsura���, and �hey w�[1 nc�t �nt�tie �orrow�r t� any <br /> �r�fu nd. <br /> �b� }�My su�h agreem�nt� �v�fl r��t affe�t the r�ghts Borrov�r�r ha��if ar�y—with re�p���t t� <br /> the M�rt�age In�urar�c� undler ��e Hc�m��wners Rrat��t��n A�t of �1998 �r any other �aw. These <br /> right� may in��ud� �h��right tv rec�i�►e c�rt�in dis�los�ur�s, to request �n� abta�n �ancellat�on �f <br /> �the �Mar�ga�� �nsurat�c�, �� ha�e th� Mor��a�e lnsurance t�rminat�d autQmat�ca��y, �ndlr�r �o <br /> r���irre a refur�d af �ny IUl�r�gage an�uran�� prem�ums that wer� un�arn�d ati the fi�m� of su�h <br /> �an�ella�ia� vr�term�n�t�an. <br /> 'i�. Assi�nm�n� of ��is�e��aneou� �rc�ceeds; Forfeiture. A�l il�i�c�llar�eau� Proce�ds ar� <br /> hereby as�i�n�d�o and�h�j� b�paid �a Lender. <br /> �f th� Fro�erty i� damag�d, �u�h Mis��I�anevus Pr���eds sha�� be appli�d t� r�s��ra�ior� vr rep�ir <br /> af the Pr�o�e�ty, if�he res�vra�ion �r r�pair is e��n�mic�ily f��sible and Lender's s�curi�y is not ��ssened. <br /> i�u�ing such r�pair �nd rest�ra�ion ��r���, L�nd�r �hall hav� th� ri�h� �� h�[d such Mis�el�aneou� <br /> Prn��eds unt�� L�nder ha� had an �ppvrtuni�y �� insp�c� such Pr�perty �� ensur� �h� wvrk has b�en <br /> comple�ed �o Lend�r's safi�sfa��ian, provid�d �hat such inspec�i�n sha�l be under�ak�n p��mp�iy. Len�ler <br /> ma�r p�ay f�r th� rep�irs �nd re���r�t�on in a singl� disbursemenfi �r ir� a s�ries v�prvgress paymenfis as <br /> th�wark �s ��mpleted. Unle�s an �gr��ment is rnad� in wri�in� vr App[r���fe Law r�quire� in��rest�o be <br /> p�id vt� such Miscellaneous Proce�ds, L�nd�r �hall not be r�quir�� t� pay Bvrr�w�� any in��r��st ar <br /> ��rning� �r� such M�sce[[�n�ous Prac�eds. lf th� res�aratian or r�p�ir is nv� ecan�mical�y �'�as��le �r <br /> Lend�r's s�curEty �r�uld b� �e���ned, �he M�sc�llaneaus Pr�c�eds sh�lt �e applied #� the sums ���ur�d <br /> 1ay th�s 5e�uri�y [n�trumen�, whe�h�:r �� no� �h�n due, wi�h the �acc��s, if any, pai� �o Svrr�w�r. �uch <br /> Miscellan�ou� Pro��eds shali b���p#ied �n �he�rd�r provid��f�r in Se�tiQn �. <br /> ln the ev�n� of a �vta� �akin�, d�s��uctivn, vr las� fn valu� �f th� Prvper�y, the Mis�ei�an��u� <br /> Proc��ds sha�� �e appiied �o �he �um� se�ur�d by this �ecu�ity In�firumen�, w���her�r nofi th�n due, witih <br /> �h�e��ess, if�n�, p�id�v Borr�wer. <br /> In th� �ven� af a partia! taking, destruc��on, or i��s in vafue vf �he Prop�rty �n v�hich #he fa�r <br /> � <br /> �c 6 9 b 4 � � M C M D R T D � T � <br /> NEBRASKA--S�ng1e FamFiy-Fannie Ni�elFred�ie Mac IJNIFQRM INSTRUNiENT Farm 3��8 ��it�� {page 8 vf�4 pages) <br /> Accenturv Martgag�Cadenco Uocumunt Contor�3���Q'Il�4 <br />
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