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201606642
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7/24/2017 3:52:25 PM
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10/5/2016 12:10:33 PM
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201606642
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2� 1 ����42 <br /> Any amounts dis�ursed by Lender under this 5ec�ion 9 shal� become additiona� debt of Borrower se�ured by <br /> this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement <br /> and sha1� be payable, with such in�erest, upon notice from Lender to Borrower requesting payment. <br /> If this Securiry Instrument is on a leasehvld, Borrower shall comply w�th all the pro�isions of the lease. if <br /> Barrower acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender <br /> agrees to the merger in writing. <br /> 1�. M ortgage I nsurance. I f Lender requ ired Mortgage Insurance as a condition of making the Loan, Borrower <br /> shall pay the premiums requrred to maintain �he Mortgage In�urance in effect. If, for arany reasan, the <br /> Mor#gage Insurance co�erage required by Lender ceases to be a�ailable from the mortgage insurer that <br /> pre�iously provided such insurance and Borrower was required tv make separately designated payments <br /> toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to obtain co�erage <br /> substantYally equi�a�ent to �he Mortgage Insurance previous�y in effect, at a cost substantia�ly equi�a�en� to <br /> the Gost to Borrower of the Mortgage Insurance previausly �n effect, from an alternate mortgage insurer <br /> selected by Lender. If substan��ally equi�a�ent Mortgage Insurance co�erage is not a�ai�abie, Borrower sha�l <br /> continue to pay ta Lender the amount of the separate ly des ignated payments that were due when the <br /> insurance ca�erage ceased to be in effect. Lender will accept, use and reta�n these payments as a <br /> non-refund�able �oss reser�� in lieu of Mortgage Insurance. Such loss reser�e shatl be non-refundable, <br /> notwithstanding the fact that the Loan is ultimate�y paid in full, and Lender shall not be required to pay <br /> Borrower any interest or earnings on such loss reser�e. Lender �an no �onger reauire loss reser�e payments <br /> if Mortgage Insurance co�erage �in the amount and for the peri�d that Lender requires} pra�ided by an <br /> insurer selected by Lender again becomes a�ailable, is abtained, and Lender requires separately designa�ed <br /> payments toward the prem iums for Mortgage �nsuran�e. If Lender requ�red Mortgage �nsurance as a <br /> condition of making the Loan and Barrower was required to make separately designated paymertts toward the <br /> premiums for Mvrtgage �nsuran�e, Borrower sha�l pay the premiums required ta maintain Mortgage <br /> Insurance in effect, or to pro�ide a non-refundab�e loss reser�e, until Lender's requirement for Martgage <br /> Insurance ends in accardance with any wri�ten agreement between Borrower and Lender pro�iding for such <br /> termination or until termination is required by Appiicable Law. Nothing in this Se�tion 1� affec�s <br /> Borrower's obligation to pay interest at the rate pro�ided in the Note. <br /> Mortgage Insurance reimburses Lender(o�any entity that purchases the Nate} for certain losses �# may incur <br /> if Borrawer daes nat repay the Loan as agreed. Bar�awer is not a party to the Mortgage Insurance. <br /> Mortgage insurers e�aluate their total risk on al� such insurance in force from �ime to time, and may enter <br /> into agreemen�s with other parties that share or mod�fy their risk, or reduce losses. These agreements are an <br /> terms and canditions that are satisfac�ory ta the martgage �nsurer and the other party (or partie�} to �hese <br /> agreements. These agreements may require the mortgage insurer to make payments using any source of funds <br /> that the mortgage insurer may ha�e a�ailable �which may include funds obtained from Mortgage Insurance <br /> premiums�. <br /> � <br /> As a result af these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, any vther <br /> entity, or any affiliate of any of the foregving, may recei�e(direct�y or indirectly} amounts that deri�e from <br /> �ar might be character�zed as} a partion af Borrower's payments for Mortgage Insurance, in exchange far <br /> sharing or modifying the mvrtgage irisurer's risk, or reducing �osses. If su�h agreement pro�ides �hat an <br /> affiliat� of Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the <br /> insurer, the arrangement is often termed"capti�e reinsurance." Further: <br /> Q�112435405fi Gitibank 3.2.1 U7.12 V2 <br /> NEBRASKA-Single Famiiy-Fannie MaelFreddie Mac 11NIFQRM IN5TRLIMENT WITH MERS Form 3028 11�1 <br /> V�p� VMP6A[NE)t13�Z}.QQ <br /> Wolters Itluwer Financial 5ervi�es Page 9 of 17 <br />
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