201200798 - Laserfiche WebLink

Browse

201200798 RORRpWh1Z COVENANTS that Borcower is lawfully seisccl of Chc csCale hcreby conveyed and lias ehe righC Yo granC and convey tlie Property and thaC the Property is unencum6ered, except for encumbrances of record. Borrower wauants aud will dePend generally the title to tl�e Property against all claime aiid demands, subject Co any encumbrancas of record. THIS SECURITY INS'1'RUM�NT combines unifonn covenants for national use and non-uni�Poim cove�ants with lin�ited variaCions by jurisdiction to constitute a uniYorm securiCq inslrwnenC covering real prnperty. Uniform Covenants. Borrower and Lender covenlnt and agree xs Yolltiws: 1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrowcr shall pay when due thc pxineipal of, and inCerest on, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Eserow Items pursuant to Sectioi� 3. Payments due under the NoCe and this �eeurity Insriument shall be made in U.S. currency. However, if any check or other instrument received Uy Lender as paymeilt u�ider the Note or this Security Insh�ument is re[urned to Lendex unpaid, Leildar may require that any or all subsequent paymevts due under the Note and this Sectuity Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money ordex; (c) certified check, bank check, treasurer'6 eheek or eaehier's check, provided �my such check is dr�wn upon an insCituCion whose deposits are ivsured by a federal agevcy, instrun�cntality, or entity; or (d) Elcr,tronic Funds Transfer. Payments are deemed rec;eived by Lender when received at Yl�e ]ooation designnted in the Note or at such other ]ocation as mny bc designated by Lzndar ip aecordanca wlth the notice�xovisions in Secfion I5, Leilder may rcturn any paymenY or pareinl pnyment if T1�e paynient or partial paymcnts are insufficient Co bring Che I.oan eunenC. Lender may accept any payment ar pa�Cial paymenC 3nsufficient to bring the Lov� current, withouC waiver of any rl�;hls hereunder ar prejudice Co ite rig�hCS m refuse such payment or partial payments in the futurc, but Lender is noC obllgated to apply such paymeilts at the time such payments are acoeptcd. IP cach Periodie Payment Is applied as of its schecluled duc dace, then Lender need uoY pay inYerest on unapplied funds. Lender may hold such unapplicd Punds until Rarrower makes payments to bring tlie Loart ew�renY. If Borrower docs noC do so wiChin a reasonable period of time, Lender shall either apply such funds oe return theni to Sorrower. if not applied aarlier, sucli funds will be applied to the �uCstand3ng principal balance undcr the Note immediaYely prior to Poxeclosure. No offset or dxiii� which Rorrower might have now or in the future against Lender shall xclieve Borrower from malcing paymenYS due uudar the Note and fhis Secm�iCy Insri�ument oe performing the covenants and agreemenCS secured 6y this Security Instrument, 2. Application of Payments or Proceeds, Exeept as nCherwise described in this Sectioi�2, all paymcnts accepted ancl applicd by Lender shall be applied in the followii�g order of priority: (a) intarest due under the Note; (b) principal due under the Note;{c) amou�its due under Scction 3. Such payments shall be applied Yo each Periodic Payment in the order iu which it became due. Any remain3ng ame�unts shall be 2�plied fiist to Iate cliarges, second to Fmy olher an�oun6s due under this Secttrity ListrumenC, and Uien to reduce the principal balance oY the Note. IP Lender reeeives a payment Pxom Borrower Fox a delinquenC P�riodic Payment which inclucles a suff3cient amount to pay a�y late charge due, the paymenC tnay be applied to the delinqueut payment and 11�c latc cliarge. If more than one Periodie Payment is outstanding, Lender may npply any payinent received from Borrower to Ihe repaymenY of tlie Peripdic Payments if, and to the extent that, cach payment ean be paid in full. 'Co lhe extent Yl�at any ezcess exists after the paymenC ls applied Co Che full payment of one or more Periodic Payments, such excess may be applied to any laCecl�lrges due. Voluutary prepayments shall be a�plied first to any prepayment cl�arges ancl then as described in the NoCe. � T 24000168 NE6Fl�SKASIn�Ie Family-Fennle Mxe7FreAdio Mao UMFORM INSTFlVMENT Porm 3020 1701 VMP @ VMP9INEI(11061 Wolrors ICluwor Flnonolal 8arvioes Prga 4 0[1]