201206748 - Laserfiche WebLink

Browse

201206748 required by R�SPA, and Borrower shall pay to r ender the amount necessary TQ make up the defieiency in accordance wiffi RESPA, but in no znore than 12:nonthly payments. Upon paymenG ua full of all stm�s secured by this Securitv Instrument, Lender shall promptly refimd to Bosower any Funds held by Lender. 4. Charges; Liens. Bonower shall pay all tares; assessments, chazges, fines, and impositioms atu-ibutable to the Property which can attain priority over this Secwity Instrument, leasehold payments ar ground rents on. the Property, if any, and Community Association Dues, Fees, and Assessmenfs, if any. To the extent tliaf these items aze Escrow Items, Borrower shall pay them in the manner provided in SecCion 3. Borrower shall promptly discharge any lien which has priority ocer this Security Instrument unless Borrower: (a) agrees in wtiting to the pay�ment of the obligation seetsed by the lien in a ula.nues acceptalile to Lender, buY oniy so long as Borrower is perfor_ning such agreersent; (b)conteste*.he lien in good faith by, or defends against enforcement of the licn in; lenal proceedings which in Lender's opinion operate to pre�,�ent the enPoreement of the lI�while those proceedings ar�pencling, but only until such proceedings are concluded; or(c)secures from the holder of the lien an agrceinent satisfactory to Lender suborcTinating the lien to this Seeurity Instnunent. If Lender determines thaf any pazt of the Properiy iS snbject to a lien which can attain priority over this Security Instnunent, Lender may give Borrower a notice identifyiug the lien.. Within 10 days of the date on which that norice is gi��, Borrower shall eatisfy the lien or take one or more of fl�e aorions set f6rth above ln this Section 4. Lender may requirc Borro�ver to pay a onatime charge for a real.estate taY verification and/or reporting sercice used by Lender in connection with this Loan. 5. Properfy Insurance. Borrower shall keep thc improvements no�v existing on c�reaftzr ereeted on the Properiy insL�red a�ainst loss by fire, hazazds included wifhm the teim"exten.ded coverage," and any other hazazds including, bu[not 1'unitcd to, earthquakes and floods, for w�hich Lender tequires insurance. This insurance shall be maintained in the amoun[s (including deductible levels) and for the periods that Lender requires. What Lender requires pursuanf to the preeeding sentences can chauge during the tann of the Loan. The ins�ance caerier prpviding the nisurance skall be chosen by Borrower subject to Zender's right to disapprove Borrower's choice, which right shall not be�ercised unreasonably. Lender may reqitire 3orrower to pay, in connecfion with this Loan, either: (a)a on�tune charge for flood zone determination, certificat3on and traclflng services; or(b) a one-time charge for flood zone determination and certificahion services and subsequent charges each time remappings or similar cnanges oceur which reasonably inigiit affect such detennination or certificarion. Bor,ower shall also be responsible for flic payment of anv fees 3mposed by The Ferleral Emeegency Maoa.gem.en,t Agency in conneciion with the review oi anq flood zone determination resulting from au ubjecUou by Borrower. Lf Borrower fails to maintain any of the coverages described above; Lender may obtain.insurance coverage, a#Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in The Property, or the conteqte of the Proper[y, against any xlsk, hazard or liaMlity and might pro��de greater or lesser coveragc than.was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obfained might significantly excced the cost of insurance that Borrower could � have obtaincd. Any amounts disbursed by Lander under ihis Section 5 shall become additionat debt of Botxowex sectsed by tnis Security Instn¢nenT. These amounts sha11 bear interest at the No2e rate from Yhe daie o£disbursement xnd shali Uc payable, with sucL� iuterest, upon notice from Lendcr to Sono�ver requesting payxnent. 24001]83 NE3R45KA-SingleFamily-FannieMaelFretltlie h9ac UNIFORM MSTRUMENT Form 3028 1f01 VNIP� VMPG(NEJ(t105) Wolters Klu�v er Financial5ervices Page 6 of 7]