201207691 - Laserfiche WebLink

Browse

201207691 BORROV��LR COVLNANT3 ftiat Borrower is lawlully setsed of Y1ie estake hereby conveyeci and has the right to ��ant and convey the Property�nd Chat Lhe ProperCy is unciiuumbered, except for encuinbrances of reoord. Borrowcr warr�nts and will de�feud generally the title to the ProperCy ag�insC all claims and elemands, subject to any encLrmbrances of rer ord, TIIIS SL�CiJRITY iNS'I'IZUMNN7 comUines tmiiorm covenauCs for national usa and non-uniform covenauts with limited vnria�ions by juriediotiou to condfitutc a miiform secm�ity inst��mnent covering r�l property, Uniform Covenants. Borrower najd I,ender covenant aud agree as follows: 1. Payment of Frincipal, Interest, Escrow IYems, Prepayment Charges, and Late Charges. Borro�ver ahall pay when due 11ie princilaa] of, and interest on, Y1�e deUt evidenced by the Note nncl zny prepaymc��t cHarges and late charges due under flie Noke. Borrower ehall also pay funcie Por Nsorow Items pwsuant to SeoEion 3. PuyinonGs due midor the Note and tl�is Seetu'tty Instiumenti sliell Ue n�ade in U.S, cLu•rcncy. However, if any checic or o4her ins6rument rcccivcd hy Lender as payment under the Note or thie Securily Instrwnent is returned to Lencler unpaid, Lender may reqnire that any ur all subsequent payments due under the Note anci this Security InstrmuenC Ue m2de in one or more of che following forms, xn velected by Lender: (a) casl�; (h)snoney ordet; (c) certified clieolc, bai�lc check, Y�eaeurer's cheek or cashier's choal<, provided any such check is dra�vn upou zn iilstitution wltose deposits az�e insured by a federal agency, inah•umenfali�y, or entity; or(d)P3lectronic runds Transfer. Payu�enes are deeixied received by I.oncicr w11en received at the locaCion desiguated in Hie Note or at suoh other locatiott Ts iiiay be designated by Lender in ascordance witl�thc noticeprovisions 3n Section 15. Lende��may retum aiiy payment or partial paytnent if the payment ox partial payn�enCe are insufficicnt to bring Lhe Loan currenti. Lcndcr may accept any payment or parUal pa�yinent insuffieient to bring the Loan em•rent, without waiver of any rights hereunder or prejudico to ite rights to refuse such payment or parual peyments in Uie luture, Uut Lender is not obligated to apply such pa}m�ents 1C tiUe trme such pa�nenEs ea a acocptcd. if each I'c�riadic 7'a}nnent is applied as of iCs scheciuled due dntie, then Lender need noC pay in(erest on imflpplled funds. Lendcr may hold such unapplied funds unti] Borrower inakes payinents @o biitT�the Loan current. If Borrower does not do so wiLhin a reason�iblo perie3d of ffinc, T,ender sliall eithex apply such funds or reCtu'n fhem to Borrower. IP noE�pplied ecu lier, euch fituds will be applied Co the outetandin�; princi}�al balai�ce under t1�e Note immediatelp prior ta foreclosure. No o£'fset ar clatim which Borrower mighC have now or in the future agatinaY Leiider shall relieve Boirower from making pagnients d�io under the Notc and thin Sccurity Instrument ar performuig the covenants and agreemenPs seeured by this Security InsltnmenC. 2. Application of PaymenYs or Proceeds. Excc��t as c�thcrwisc descriUed in this Secfion 2, all payments acceptad and epplied by Lender sh�ll be npplied in the following order oPpri�rity: (a) intcrest dne zmder the Note; (b)principal due imder�tl�e Note; (c)ainounts due widar Section 3. 6uofi pay�ments ahall be applicd ta oach Fcriodic Paymcnt in flte otder iii wliich it became due. A�iy remaining a�mounts shatll be applied first to IaCe ohu'ges, second w any ofher ainomits duo imder tl�is Sccuiity lnstrmnent, and tl�en to reduce the princip�l bal�uice of the Note. If Lender reeeives a payment&om Borrower Por a delinquenC Periodic Paymcnt which inchldes a suf'ficient a�nomit To pay any late charga dus, tlie papment itkly be applied to the delisiquenC paymenC and tho lato charge. If n�orc Chan one Periodio Payme�it is outstviding, I,encier inay apply viy payment teceived from Borxower to ttie repayment of the Periodic Pa}nnenCs if, and Co thc eztont that, each payinent cen be paid in full. To Che extent Chat uiy axcess exists After the pflyment is applied to the full paymenC of onc or+nore Ycriodio Payu�cnts, sucii excess may Uo aplilied to any late ch�rges due. Volunt�uy prep�yments shall be applieci�Grsh 6o any prepayment ol�argas and thcn as described in tl�e Note. — "— —_----- 24007254 N[oRA51(A-Sin�lo Family-FamdoMeo7Ra�Alo Mnc UNIFORM INSTRUMENT Ponn 3020 7101. VIA P(�u VM PG(NF)(17 OS) 'lJolters I(luwer Plnanclal5ervices Pn9e 4 nf 1!