201201914 - Laserfiche WebLink

Browse

2Q12019�� .. . ..� reqn�ied by. gESpA, and Borrower shall.pay� to �Lender the� amo�nt �cessary. ta make nP the defici.e�y.in ,.. accozdance with RESPA, but in no more tha.n 12 monthly gayments. Upon payment in fi�11 of all sums secured by this Security Instrument, Lender svall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions aitributable to the Property which can atTain priority over this Security Instruu�ent, leasehold payments or ground rents on the Praperty, if any, and Community Association Dues, Fees, and Assessments, if any. To the extent tl�at these items are Escrow Items, Borrower sha]I pay them in the manner provided in Section 3. Borrower shall promptly discbia.rge any lien which b.as priority oeer this Seciuity Insirument unless Borrower: (a) agrees in. writing to t}ie payment of the obligation secured by the fien in a manner acceptable ta Lender, but only so long as Borrower is pe�rForming such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceed'mgs which in Leader°s opinion operate to prevent fhe enforcement of the lien whila those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the halder of the Iien am agreement satisfactory to L,�nder subordinati.ng the lien to this Sec�xrity Instn�ment. If Lender determines that any part of the Property is subject to a lien which can attain priority over tbas Security Ins�ument, Lender may g'tve Borrower a notice identifying the lien. Within 10 days of the date an which that no#ice is given, Borrower shali satisfy the lien or take one or more of the actions set forth ahave in this Section 4. Lender may require Borrower ta pay a one-time charge for a real esta.te tax verification andlor reporting ..service�used by Lender in connectiog witU this Laan. .. . . . 5. Property lnsurance. Borrower shall keep the improvements now e�dsYing ar hereafter erected on the Progerty insured against loss by fire, hazards included withini the term "emended coverage, ° and any other �azards including, bnt not limited to, earthquakes and floods, for which Lender requires �nsurance. This insurance shall be maintained in the amounts (including deductable levels) and for the geriods that Lender requires. What Lender requires pursuant to the preceding sente�es can change during the term af the Loan. The in�a�ran� carrier providing the insurance shall 1oe chosen by Borrower subject to Lend.er's right ta disapprove Borrower's choice, whieh right shall not be exercised unreasonably. Lender may require Boncower to pay, in con�nection with this Loan, either: (a) a one-time charge for flood zone determination, certiFication and tracking services; or (b) a one-time charge for flood zone determination and certi�f'ication senrices and subsequent cbazges eaeh time remappings or similar changes occur whicb reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Fedexal Emergency Management Agency in co�ection with the review of any flood zone determinafion resutting from an objectian by Borrower. If Borrower fails to maintain an.y of the coverages described above, Lender may obtain �n�„Tance coverage, at Lender's aption and Borrawer's expense. Lender is under no obligation ta purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Barrower's equity in the Properiy, oz fihe contents oF the Property, against any risk, Jaazazd or liability and might provide greater or lesser coverage than was previously in effect. Borrower acl�owledges that the cost of the insuranee coverage so obtained might signif'icantly exceed the cost of insurance that Bozrower could have obtained. Any amaunts diabursed by Lender nnder this Section 5 sha11 become additional debt of Borrower secared by this Security Tnstivment. These amounts shall bear interest at the Note rate from the date of disbwrsement and shall be payable, with such interest upon notice from Lender to Borrower requ�stin$ PaYment• � NF9�qS KA-Single Famly-FanNe MaetFreddle Mac UNIF�RM INSIRUMEIUT � Form 3028 1/07 VMP @ VMPB(NE) �71061.00 Walters Kluwar Rnanclet 9erolaes Page e af 17