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201606583
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Last modified
7/24/2017 3:50:44 PM
Creation date
10/3/2016 12:46:20 PM
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201606583
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2� 1 ���583 <br /> Ariy a�aunts d��hur���d by �.�nder und�r this S�c����9 shall b�come additi�nal de�t of Borrow�r secured <br /> ����is Security InS�.xn�nt. Th��� ��rn�un�s �h�ll b�ar int�re�� ��the���� rat� firorr� the ��te vf dis�ur��xnent and <br /> sh�ll b��aya�l�,�►�vi�h such i���r��t,up�n no�ice�rvm Lend�r to Borra�v�r requesti�g pa�ymen�t. <br /> If th�s S�cuxity�nst�rier�°�i���.a l�e�seho�d,Barrvw�r shall��r�ply with all�ae pr�visivns a�f the��ase. If <br /> �orrvw�r�cquires fee�itle to the Pro��r�,t�e�easehold and th►���e�it1e�ha1l not m�r�e ux��ess L�r�d�r�.�r�es tv the <br /> rn�r��r in v�r�ting. <br /> 1�. l�iortgage I��u��nc�. If L�nd�r ���ui.r�d Martg��� ��suranc� as � �onditior� of maki.�g th� Iro�.n, <br /> B�rrQwer s�.al� pay th� pre�nium� �r�quued tv rnai�tai� �h� Mor��a.�� Ir��uran�� ir� eff�ct. �f, for any rea�sor�, �� <br /> 11�I�r���g� In�r�ran�e cv��r�g�r�q�u�red by �.��.d�r c�as�s t+��� a.�rai�abl� fir�m th�r��r��a�� in�ur�r t�a�pr�Vi�aus�y <br /> prvvide� such�nsu�anc�ax�.d B�rrow�x�a.s��quir�d t�x��� ��p�rat�ly design�.t�d payria�nts�a�axd the�remiun�s <br /> for l��rt�a�e�nsurance,�ar�rvwer sh�ll p�y�h�premium�requir�����bta�.r�cv��ra���ub��antially equiva�ent to the <br /> 11�Ivr�gage Insuranee previ�usly i��f�'ec�, at�cQ�t s�ubs�ti�l�� �qu��alent��th��ost t�Borrovv�r of the Mvxt�age <br /> �nsur�ace pre�iously in ef�e�t, fr�r� � alt�arn�.�� mort�a�e i�sur�r se��cted �y L�der, �f substan�ially equi�alent <br /> Mvrt�age In�urance cov�r�.�e�s n�����i1�b1�,Barrvwer sha�l Gor�t�u���pay�o Lender��amaunt of the separately <br /> desi�ated paymer���xhat vvere c�u�wh�r�the�nsura�ce�a�era���ease���be ir�eff+�ct. Ler�d�r wi11 accept,us�and <br /> reta�.ir� �hese payrr�en�s as a nor�-refunda��� loss r�ser�e i�. li�u of Ndort�a�e �surance. Such �os� res�rve shall b� <br /> nar��refun.d�.ble,notwithstanding�he fact�at the Lvan is u�timat�ly pa�d in ful�,�,nd Lender sha�l not b�required to <br /> pay�orrower ar�y inte��st or�aRrn.i�a.�s on such los�r��e�rve. Ler�der can n� longer requir� lass r�serv+e pa�m.�nts if <br /> Mort�age Insura.n.ce Go�era����n t�e���t a�.d f�r�he p�rivd t�at I�en�i�r require��provi��d by an insu�er se��cted <br /> by Le�der a�ai.n b�cvrnes a�ai�abie, i� �bt�anec�, ax�d Lend�r requ�.res s�parate�y de�i�ated pa�n�nts tov�ard �ie <br /> premiunls for Mnrt�a�� I���.rance. If L�r�der r�uire�d Mort�ag�Insuranc� a� a candi�iQr��f�alci.n�the Loan and <br /> Borrvw�r was required to make s�parately de�i�nated payments t�wa�d �he pren°iiums for Martgag� Insuran��, <br /> Borr�wer shall pay the pr�r�iur�s r��uir�d�o ma�ntain Mart�ag�Insuranc�in e#��ct,ar�a pro�ide a nan-refu�dabie <br /> lvss reser��, unti� Len�er's requ�rement ��r N�or�g�.ge Insurar�ce end� in �ccordance �vit� any �vrit�en �,green�er�t <br /> be�ween B�rr�vver and Lender pro��d�g far su�h termin�t��n o�unti�termir�atian is required by,Applic�.ble Law. <br /> Nv�h�n�i.n�his Sec�i�n 1�afFec�s�orrowe�'s�bli�ati�n�a p�.y in�er�st at the�ate pro�id�d ir�th�Na��. <br /> Mar��age Insuranc� reimburses �ender �ar any entity th�� pur�has�s �h� 1�1ote} fvr eertavc� �+�sses it n�a� <br /> �.ncur if Barrow�r dv�s not r�pa��he L�ar�as agr�ed. �arrower�s not a par�y to th�Moxtgage Insuranc�. <br /> Mortg�.ge irisur�rs evalt�at�their t�t���isk on a.11 �uch insura�c� ix�f�rce fr�m t��n�to t�me, and may enter <br /> �to agr���n�n�s w��h�ther parties�hat share ar mn�ify t.�.��r risk, ar r�duce lasses. Th�s� agr�ement� a�r�a�t�rms <br /> a�d cor�d�t�ons that ar� sa��sf�.c�ory to th� ��xt�age in�urer and th� ot�i�r partY (Qr par�ies� ta th�se a�r�e�°nent�. <br /> �Thes�a�r��m��ts may requ�e�hhe martga�e�.surer ta m�k�payr�.en�s usi.n�any source of fa�ids th�t�t�i�mort�a�e <br /> �n�uxer�ay have a�ailable�w�i��ch n�ay includ�funds a�btain�d fr�m Mor��ag�Insurar�c�pre�nium��, <br /> As a re��l�of the�e agreem�nts,Lender,�.ny p�cha�er�f the Nat�,ar���a�r�.risur�r�any�insurer,any o�her <br /> ent�ty, vr any a�liate of any of the foregouag, n�.ay rec�iv� �dir��t�� or in�ire�t��} amo�ts �hat derive fram (�r <br /> rx�ight �� �hara��eri.��d a�} a par�ian �f B�rrov�rex's payments �'ar Mo�t�a�+� �nsurance, i� �xcha�ge fa�r sh�ing �r <br /> modifying th� mor�gag� insurer'� risk, or red-��ing lvsse�. If such ��reem�nt pro�ides �Yiat an a�iliat� of Le�der <br /> t�es a� s�axe of t�e insurer's ri�k in exe�a��e far �. shar� �f�e pr�miums p�id ta tk�e insurer, th� arran��ment is <br /> �ften termed"capti�e reinsurane�." Fi��r: <br /> [a) Any su+c� agr�,ements will not�ffect the�rn�ounts th�t�arrow�r has agreed to p�y for Martgage <br /> Insur�nce,or�ny oth�r t�rms of the Loa�.. Such agreement�wil�n�t incr�as�the a�raou�nt Bvrrvwer w�ll awe <br /> for Mortgage Insurance,and they will not eutit�e Bo�row�r ta any refu�d. <br /> [b} .�ny such agre�m�n�s wi�l not �ff�ct t�e ri�h#s Barrvwer ha� -- if any -� with respect ta the <br /> �Viartga�e Insurance under the Home�waers Protectia� A�t �f 1998 or �ny other l�w. These rig�ts may <br /> include the r�ght�v �c�ive certain discl�sures,to reque�t and obta�n cancellativn of th�1�Iv�g�ge Insu�ran�e, <br /> to ha�e the M�rtgage Insuraaee terminat�d au�am��ic�ll�, andlar to re��ive � refund of any IV�o�tg�g� <br /> In��rance premiums that we��unearned at th��ime of such can�e�lation or terrr�inativ�. <br /> 11. Assignment of 1Vi�sGell�neous Pra+c�eds; Forfeitur�e. Al� Misce�laneous Proceeds ar� here�y <br /> assigned to and shall be paid�o Lender. <br /> Nebrask�I�e�of Trust�--Sin�le Fam��y�annie 11ri��IF`redd��N�a+�U��farm Instrum�nt ��orm 3n�811�1 <br /> M�1�S Modified <br /> The Co�npliaac�Soure�,�ac. Pag��of 1� Modified by Campl�an�e 5our���4341NE D�ID�R��.44113 <br /> www.cnmpl��nc��ourc�.eom C�2D00-2�13,�'�e�'�mpli�ne�S+nur�c�,Iae. <br /> � � � � � � �] t] C� "� � �+ � <br />
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