Laserfiche WebLink
20000sloo <br />MORTGAGE INSURANCE RIDER <br />This Mortgage Insurance Rider is made this 28th day of September, 2000 , <br />and is incorporated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or <br />Security Deed (the "Security Instrument ") of the same date given by the undersigned ( "Borrower ") to secure <br />Borrower's Fixed Rate Note <br />[identify type of note, e.g. fixed rate] note (the "Note ") to Commercial Federal Mortgage <br />Corp. <br />( "Lender ") of the same date and covering the Property <br />described in the Security Instrument and located at: <br />339 E DODGE, Grand Island, NE 68801 <br />[Property Address] <br />The Security Instrument is amended by adding the following at the end of Section 10 (if the Security <br />Instrument has a form date at the lower right corner of 3/99 or later) or Section 8 (if the Security Instrument <br />has a form date at the lower right corner that is earlier than 3/99): <br />Mortgage Insurance reimburses Lender (or any entity that purchases the Note) for certain losses it <br />may incur if Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage <br />Insurance. <br />Mortgage insurers evaluate their total risk on all such insurance in force from time to time, and <br />may enter into agreements with other parties that share or modify their risk, or reduce losses. These <br />agreements are on terms and conditions that are satisfactory to the mortgage insurer and the other <br />party (or parties) to these agreements. These agreements may require the mortgage insurer to make <br />payments using any source of funds that the mortgage insurer may have available (which may <br />include funds obtained from Mortgage Insurance premiums). <br />As a result of these agreements, Lender, any purchaser of the Note, another insurer, any reinsurer, <br />any other entity, or any affiliate of any of the foregoing, may receive (directly or indirectly) <br />amounts that derive from (or might be characterized as) a portion of Borrower's payments for <br />Mortgage Insurance, in exchange for sharing or modifying the mortgage insurer's <br />DOC #:330031 APPL #:0015545044 LOAN #:0015545044 <br />Multistate Mortgage Insurance Rider- Single Family- Fannie Mae Uniform Instrument <br />UM31 0004 <br />(M(9 -1111 (0004) Form 3160 4/00 <br />VMP MORTGAGE FORMS - (800)521 -7291 I IIIIIIII IIII IIII (VIII IIII IIII IIII <br />