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201607457
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Last modified
7/28/2017 8:55:51 AM
Creation date
11/7/2016 1:09:06 PM
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DEEDS
Inst Number
201607457
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2� 1 ��7457 <br /> Any aino��nts c�isburscd by Lende�� ��nd�r�tl�is Sc�cti�n 9 sl�all b�co�nL ac�c�iti�nal d�:bt t�t'�3�r�-or�v�r <br /> secured by this �ec��ri�y inst�•ume��t. rI'���se amoizx�ts sl�a�� bear int�r�st at t��e N�t� rate i-rorr� tl�e date of <br /> dishursem��-�t a.nd slza�l be pa�able, �vi�h s��c�� ii7terest, �.�pon ��otice f'rom Lend�r to I.3c�rr�wer r�quGsti�7�; <br /> payme��t. <br /> �f t��is Security Instru��nent �s o�7 � leasei�otd, Bo��r�w�r shall �;oir�p�y with all the pr��i�ioi�s of the <br /> �ease. If Borr�w�r acq��lres fee�itle to���e I't•ap�rty, thc l�ase��old a��c�the fee�itle sl�a�l r�ot mex•g� <br /> un��ss Lezzder agrees�o the mer�er i n rn�riti���;. <br /> �!U. Mortgage Insuranc�. ��'1�eY�dcr reyuired M�rt�a�;� InS��ranc� as a c�nditi�n o�'mal:in�the <br /> ���an, �3or��or�ver shdll pay t�a� p�•c:��n�u�ns rec���ir�c� ic3 ���c�it�taii� the ����t�;a�� l��s�}ra��c� in ��'f�.�ct. �i, <br /> f�r apy reas�n,���e Mort�;age I nsurance c�v€�ra�� rc�q��r��ed by LendL��ceas�s to be a�ai�abl� f��U��� <br /> �he mortg;dge i��surer tl-�a�previa��sIy pro��ded s�.�c�h i��5�.�ra��ce��-�c� }3�r�•�wer��as rec���i��cc� �c� �r�ake <br /> separat�ly designated paym�r��s toward th� prc�ni��ms Tor N�ort�agc Ii�su�•a��ce, �3�rr�w�.�r shall �dy�he <br /> premi��ms reyuired to a�tai�� co�era�� s�ibs�dntia�ly �c����valent to thc Mort�;a�e It����rdncc previUusly �n <br /> effect, a�a cost substa��tial�y ec�u��alc��t tc�the cost to �3�rrower of tl7e Mort�a�e Ins��x-a��c� previc���sly <br /> ���ef'Fect, frorr� at� altert�at� �nart�a�e �t�surcr s���c�ed by Le��der. �f s���sta�l�ial�y �q��i�alent Martga�;e <br /> �nsurance�;o�era�e is not ava.ilable, Borraw�r s��a�� cc�ntin��c t� ��ay to I.1e��der t��� ain���nt of'the <br /> s�para�e�y d�si�nated paym���ts that r�ver�d��e wl��r�tl�� ins���•ance cc�verd�e ceased tc� bc i�� �f-fec�. <br /> Lender will dccep�, ��s� a��d r��ain �l�es� payrne���s �s a���n�-ref�tnddblt� �oss reser�� il� li��� of Mart�a�e <br /> It�s��ra��ce. Such lass reserv� s�1al� b� ��o��-ref�.r��d�bl�, z�c��rn�itl�star�c�ir-��.;tl�� fact tl�at t1�c I�c���� i� <br /> uitimd��ly paid ��� fi�ll, a��c� L���c�e�s��al� ��ot b� rcq��iz��c� tU pay 13�rrcar�ver a»y interest Ur�a�-��in�;s �i� <br /> such �o5s r�;serve. L�i�d�r can ��c� �o���;er z-equit�c �c�ss ��eSGi�ve paytr����ts iT M�rt�a�� Ii75��r����ce co��ra�;c <br /> �i��the azno��n�anc� for t�ze p�riod �I�a� Lct�dc��-i��q����-�5� pr��r��dcd by an tnsurGr selc;ct�d by [1c��d�r <br /> aga��� bccotr�es dvailable, is ob�ain�d, atld Lendcr�'LqLltt•es �eparat���� designatcd pay�nclt�ts�c}ward thc <br /> premi�.���s for M�rtga�;e Insura��ce. If Lend�r rec��.�i���:d �ort�a�;e �i�surance as a co�ldit�c�n c�f mdki���; <br /> t��e Lna�� a��d Barrow�r was r�yuired�n mal�e scparately desigi�ated payments�award tl�� pr�miu�ns <br /> for M�rt�age �ns�irat�ce, Barror�ver shdll pay th� pret�n i u�-n 5 req u i r�d to tnai ntai n Martga�;� Y n5�zz•ax7ce in <br /> eff�ct,or to praWide a n�t1-re�'u��d��le Iass reser��, L�ntil Le��der's re��zirer�nc��-�t for Mort�a�e It�s�irai7ce <br /> e��ds tn acc�rdance vvith a��y �vritten agr�ezr�ent betwc�n �3or��o�ver���d L�nd�:r pro�i�in�; f�r su�:l� <br /> tertn�natic�n or un�i l �erm inat�o�� �s req���r�� by �.�p�ic�b�c: i.law. Nc�thi t��; i�7 t��is Se�:�ic}�� �� a�f ccts <br /> L��rrower's ob�i�ation to pd� inter�st at tl�e �r�t� prc��ic�cd i��tl�c Nc�te. <br /> Mort�;a�;� �ns���a��cc reimburs�s Lc���der��i"dl�y LI1tl�y tl�ldt �3Lli'C:I�l�5L5 ����'NU��'} TUt"CL't'1a117 IC3S5�'S lt <br /> may inc���if Borro�vcr da�s n��re�a}� �he ��c�ai� as a�,rc�c�. �3tarrow�t- is t���a party t�t��c; fl�c�rt�a�;c <br /> ���st�ra��ce. <br /> Mor�ga�;e in�urers��aluate�heir total risl�an ai� s��c�� i��sura��c�; ia� fc�rc� frUR-n time tc�tii��e, a��d <br /> may en��r �nto agreement� �vi�h other parties tha.t sha�•e or mod�f-y th�:i�•risk, or r-�:d��c� lr�sses. "I,hesc <br /> agre�ments are on terms and c�nditio��s t17at ar�satisf�c�ory to�hc t�n�rtga�;e insurer anc�t�1e o�hcr <br /> par�y��r parties}to thes� a�reements. "�'h�5�a�x•ecir��nts may rcquir�th� �-n�rt�a�c� ins����c�r to �-nalce <br /> pay�r�e��ts��sing any sour��of f�t��ds that�l�c� rr�o�'t�d�L 111SL1i•�r rr�a}� ��a��availabl� (wl�ic�� i-�ay it7c��zd� <br /> f���-�ds c�b�ai��ec� fr��r� M�rt�a�e ���5irra��cc p�-c��n i�r�-ns�. <br /> �1s a res��li�t't��est� agre�r�n�x�ts, L1�ndc�, a��y p�.�rcl�as�z�o��t��e Not�:, ai��ther it-�s�.zrer, ��l�y rcins�.�r�:r, a��y <br /> other�ntrty, or any affiliate c�f at�y �f�l�e ��c�reg�iz��, z��a�� re�e��e�directly or i��c�i�-�ctly} a��������ts �l�at <br /> HCFG-00359 <br /> NEE3R�SKA-Single Family-Fannie MaelFreddie M�c UNiF=�RM 1NSTf�UMCNT f"arm 3Q��3�Ifl1 <br /> VMP� 4�111� <br /> Walt�rs KluwQr F'inancial Sesvicos 2�1�1D2�315.3.�.35❑9-J2�1�0�#��iY P�ge 9 af 17 <br /> *11C]1��9516�1�" <br />
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