201207384 - Laserfiche WebLink

Browse

201207384 required by ILESPA, and Borrower shall pay to Lendea the asnount necessary to malie up the defici�cy in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. 4. Charges; Liens. Bozrower shall pay a11 Yaees, asseSsments, charges, fines, and Impasitions attributable to the Properiy which can attain priority over this Security Instrument, leasehold payinents or ground rents on the Yroperry, if any, and Community Associatioa Dues, Fees, uid Assessments, if any. To the extent that these iteuis aze Escrow Ifeins, Borro�ver shall pay them in the manner provided in Section 3. Borro�ver shall promptly�discharge any lien whicii has priority over tlus Security Instr�unent unless Borrower: (a) xgrccs in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, buf only so long as Borrower is performing such agreement; (b) contests�lic lieli in good faith by, or defends against enforcement of the lien in, legal proceeclings wluch in Lender's opinion operatc to prevent the enforcemcnt of tlie lien�vhile those proceedings aze pending fiut only until such proceedings are wnchlded; or(c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to fhis Security Insirmnent �f Lender deternnues that anp pazt of Lhe Property is subject to a lien which can atEain priozity ovex This Security Instrument, Lender may give Boxrower a notice identifying the lien. Within 10 days of fhe date on which that noLice is given, B�rrower sha11 satisfy the lien or take one or more of the actions set£orth above in this Section 4. Lender may requu'e$onower to pay a one-rime chargc for a real estate taz verificafion aacL'or reportuig servicc uscd by Lender in comiection with this Loan. 5. Prope¢ty Insurance. Borrower shall keep the improvements uow existing or hereafter erecteci on the Property insured against loss by r3re, hazards included within the tenn"extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for v✓]ueh Lender requires insurv�ce. This insurance shall be maintained'm the amounts(inchuiing deductible levels) and for the periods that Lender requues. Vd1�zt Lendec requires pursuant Yo tfie preceding sentences can chang�duriag the term of the Loan. The insurancc carricr providing the insurance shall be chosen by Borrower subject to Lender's right to disap�rove Iioxzower s choice, which right sha11 not Ue exercised unreasonably. Lender may xequire Borrower to pa�r, in connection with this Loan, either: (a) a one-time charge for flood zone deierminatioii, ceriification anfl�acking services; or(b) a one-ti�e charge for flood zone detenuivafion and certification services and subsequent cl�arges each time remappings or s2milar ehanges occur which reasonably mignt affect suc;h dctemiination or certification. Borro�.�er shall also be responsible Por die payinent of any fees imposed by the Federal Emergency Manageineixt Agency in connection with the reviecv of�y flood zone detennination resulting froin an oUjection by Borrower. If Borrower fails Co maintain any o£The eov�ages deseribed above, Lender may obtain insurance eoverage, at Lcndcr s oprion and Borrower's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall wver Lcnder, 6ut�night or might not protect Borrower, Eorrower`s equity i¢the Property, or the contents of ihe Properry, against any risk, hazazd ar liability and might provide greatce or lessai coverage than was previously in effect. Borrower acKnowledges that the cost of tlle insuran.ce coverage so obtained might significantiv�ceed the cost of insurancc that Borrower couid have obtaineci Any einounts disbursed by Lender under this Section 5 shall become additional debt�f Bonower secured by this Security Instrument. These amounts sliall bear interest ai the Note rate from the date af disbursement and shall be payaUle, wlth such interest, upon noflce from Leadei To Borrower xequesting payinent, znoozoa� NEeF,�'SKA-Sing:cFamily-Fonnic-A1ac7FretldieMzcUNIFORM INSTRUWENT Form 3D281/01 vM��w vMPs(N�ry�os) W oltsrs Kluvi er Ertan�tidl Servt�vs Page 6 oP 1]