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201608745
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Last modified
7/28/2017 1:18:06 PM
Creation date
12/28/2016 9:47:50 AM
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DEEDS
Inst Number
201608745
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2� 1 ��8745 <br /> Any amounts dis�iursed by Lender under this S�ction� shall become additiona[ debt�f Barrawer <br /> s�c��ed by thi� S�curity�n��ru�nent. �'hese amounts s�ail bear interes�at the Note rate from the date of <br /> disburse�nent a�d shal� be payable, v��i�h such int�res�, upon noti�e fram Lender�a Borrower r�yuesting <br /> payment. <br /> If thi� �ecurity Instrur��n�is on a �ea�ehold, Borrower sha.�l comply with all the provisions of the <br /> �ease. �f Barr�wer acqu�res f�e titl�to the Pr�perty, the leasehatd and th�fee title shal� not merge <br /> unless Lender agrees to the merger in�vriting. <br /> 'I�. Mortgag� Insuran�e. If Lend�r required Mart�age Insurance as a condition�f making the <br /> L�an, Borrc�wer shall pay the pr�miums r�qE�ired to main�ain th�1'r��rtg�ge Insurance in effect. �f, <br /> for any reason,t�e M�rtgage Insurance c��era�� required b�Lender ceas�s�o be ava�lable fram <br /> the martgage i�sure�•th�t pre�iously pra�ided such ir�surar�c� and Barrawer vvas requir�d to make <br /> separately desi�nated paym�nts t�war��l�e premiums for I�ortgage In�ur�.nce, B�rrovv�r shall pay the <br /> prem ium s required�o obta�n ca�erage substant�all�e�u ivale�t to the Mortgage I nsurance previous�y in <br /> et�ect, at a cost substantially equi�aler���o the cost�o Barrower of�he?l�Iortgage Insurance pr�viflusly <br /> in effect, fram an alternate mar�gage insur�r sel�cted by L�r�d�r. If substantially equi�a�ent M�rt�ag� <br /> Insurance coverage is not avai�ab�e,Borrower s�hali continue to pay t�Ler�der the amount af the <br /> separately designated payments that w�re due ti�Then the insurance�o�erage�eased t�be in effe�t. <br /> Lender will accept, use and re�ain these payn�ents as a non-refunda�le �oss reser�� in tieu of Mortgage <br /> Insurance. Such loss reser�e shal� be n�n-refundabi�, notwiths�andin��he fa�t that the Loan is <br /> ultirnat�ly paid in ful�, and Lender shal�not be required to pay Bor�ower any interest ar earnings an <br /> such lass reserve. Ler�der can no lor���r require loss r�eserve payments if Mort�a�e It�surance covera�e <br /> �in�he amour�t and for th� p�eriad�hat Lender rec�uires� pr�videc� �y an insurer selected by Lender <br /> again b��omes a�ailabl�, is abtained, �n�d Lender re�uires s�parat��}� d�signated payments taward the <br /> premiu�ns far Martgage �nsuran�e. �f Ler�der re�uired M�a�ga�e Insurance as a condition of making <br /> th e�oan and Borr�wer was rec�u�red�a make se�ara���y designated payments to�vard the prern ium s <br /> for Mortgage�nsurance, Borrower shall pay�he prem�ums r�quir�d�o m�.intai�� Mor��age Insurance �n <br /> efF�ct, or��pr��ide a n�n-refundable lo�s reser�e, unti 1 Lender's re�uirement for M�rtgage�nsurar�ce <br /> en�is in ac�ordance vvith any writt�n a�reement b�tv�reen Borrower and Lender pra�iding for such <br /> �ermination ar un�il terrr�i��at�on is requ�red by Applicab�e L�w.Nothin� �n t��is Secti�n 1 U affects <br /> Borr�w�r`s�bligati�n to pay int�rest at th� rat�proUid�d in the Nate. <br /> Mor�gage Insurance reimburses Lend�r�or any ��tity�that p��chas�s the N�te}far certain �oss�� it <br /> may incur if Borrovver does not repay�the Lc�an as agreed. Borrouv�r is not a party to the Mor��age <br /> Insurance. <br /> Martgage insur�rs e�aluate their total risk on all su�h �nsurance in for�e from time�o time, and <br /> may enter into agreements With other parties that share�r r�odify�heir risk,or reduce �asses. These <br /> agr�emer�ts are on terms and c�ndit�or�s�hat are satisfactor�t�the martga�;e insurer and the other <br /> par�(or parties}to these agreements. T�esc agreemen�s may require the martgage insur�r to make <br /> payments using any source of funds tha�the mor�gage insurer may have a�ai�able(which may include <br /> fund�obtained from Mortgage Insurance premiums}. <br /> As a result af these agreerrients, Lender, any purchaser of the Note, another insurer, any reinsurer, any <br /> other entity, or any aff�liate af any af the foregoing, may�eceive(dir�c�ly or indirec�ly}amaunts tha� <br /> HCFG-Qa359 24D3�D�7�62'13 <br /> NEBRASKA-5ingle Family-Fannie MaelFreddie Mac LJNIFQRM INSTRUMENT Form 30�8 11fl1 <br /> VM P� Q4115 <br /> Wolters Kluwer Financial 5ervices 2��6121915.3.�.3509-J2016U72'!Y Page 9 of�7 <br /> � �� <br />
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