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201608282
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Last modified
7/28/2017 1:03:08 PM
Creation date
12/12/2016 8:42:03 AM
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DEEDS
Inst Number
201608282
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2� 1 ��8282 <br /> for Martgage Insurance,B�rrv�er sha�l pay the pr�miums required to maintain Mortgage Insurance in <br /> effeCt,vr t�provide a non-refundable loss reserve,unti�Lender`s requirement for Mortgag�Insurance <br /> ends in ac��rdance v�ith a.ny wr�tten agreemen�between B�rravver and Lender praviding f�r such <br /> term�nati�n or until termination is required by�pplicable Lav�.Nothing in th�s S�ction 1�af�ects <br /> Borrawer's�bligation to pay interest at the rate provided in the Note. <br /> Mortgage�nsurance reimburses Lender(or any entity that purchases the Note}for�er�ain losses it <br /> may incur if Borrawer daes not repay the Laan as agreed.Borrov�er is n�t a party tv�he Mortgage <br /> Insurance. <br /> Mortgage insur�rs e�a�ua�e their total risk on a11 such insurance in force from time to time,and <br /> may enter inta agreements wit�h ather parties that share or madify their risk,or reduc�losses. These <br /> agreements are�n terms and conditi�ns that�re satisfactary t�the mvrtgage insurer and the�ther <br /> party (or par�ies)�a these agreements. These agreements may require the mortgage insurer to make <br /> payments using any source of funds�ha�the martgage�nsurer may have available�which may inc�ude <br /> funds obtained from M�rtgage Insurance premiums). <br /> As a result of these agreements, Lender, any purchaser of the Note,another�nsurer,any reinsurer,any <br /> other entity,vr any af�'iliate af any of�he f�regaing,may receive �directly or ind�rect�y}arnounts that <br /> derive from��r migh�be chara�teri�ed as}a p��tian�f Borr�wer's payments for Martgage Insurance, <br /> in�xchange far sharing or mv�.ifying the m�rtgage insurer's risk,or reducing�asses. If such agreement <br /> pravid�s that an a.ffiliate of Len�.er takes a shaxe of the�nsurer's risk in exchange for a share of th� <br /> . . . �� • - �� <br /> premlums pa� t� ��nsur�r, �arran�ement�s 4 �en t�r�me. ;,cap��Ve r�u�.surance. :F er: <br /> (A}Any such agreements will not affect the am�unts that Borrower has agr�eed to pa�far <br />� Mortgage Insurance,or any�ther t�rms af the Loan.Such agreements wiil not�n�r1ease th� <br /> amaunt Borrawer wi��owe for M�rtgage Insurance,and the�will not entit�e Borrawer t�any <br /> r�efund. <br /> (B}Any such agreements will not affect the rights Borrawer has-if any-with�espect ta the <br /> M�rtgage Insurance under the Fiomeowners Pratection A�t of 1998 or any other law.Th�se <br /> r�ghts may include the right to receive cer-tain disclosures,to request and obtain canc��iation of <br /> the Mortgage Insurance,to ha�e th�Mortgage Insurance terminated automatically,andlar to <br /> re�eive a refund of any Mortgage Insurance pr,emiums that were unearned at the time of such <br /> canceliation ar termination. <br /> '�'1.Assignment af IVlisc�llaneous Proceeds; Forfeiture.All Misc�llaneous Proceeds are <br /> hereby assignecl to and shall be paid ta Lender. <br /> If the Pr�perty is damaged, sueh Miscellaneaus Fraceecls shall be applied�o restoration or repair of <br /> the Properiy,if the restoration ar repair is ecQnomically feasible and Lender's security is not lessened. <br /> Du�ring such repair and restarat�on period,Lender shall have the right ta hold such Miscellaneaus <br /> Pr�ceeds until Lender has had an�pportunity t�ir�spect such Pr�perty t�ensure the wark has been <br /> completed ta Lender's satisfac�i�n,pravided that such inspectian shai�be under�ta.ken prflmptly. Lender <br /> may pay f�r the repairs and restorativn zn a single disbursement Qr�n a series of progress payments as <br /> the work is campleted.LTnless an agreement is made in writing ar Applicable Lavv requ�res interest to <br /> be paid on such Misce��aneous Proceeds,Lender shall nvt be required to pay Barr�wer any interest or <br /> earnings an such Miscel�aneous Prviceeds.If�ie res�oratian or repair is nat ecan�mically feasible ar <br /> en e�r s s�crxr�ty wa� e +ess�en� ,t �M�sce a�eou�Pr���e ��s a�be a�p����d tv e surr�s secured <br /> $D2f 656663 <br /> NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFURM INSTR[JMENT Form 3�28 11fl1 <br /> V M P� . (35i2(39 fi <br /> V�olters Kluw�r FinanciaE SeNices 2�1fi��2816.�.3.3fi�1-J2�1fiD825Y Page 9 a#17' <br />
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