201209558 - Laserfiche WebLink

Browse

201209558 required by I2LSPA, and Borrower shall pav to Lender the amouni necessary to make up the def ciency in aecordance with RESP9, but in no more than 12 monthly payments. Upon payment in full of al] sums secured by tliis Security Ipsirument, Lender shall promptly refund to Borrower any Funds held by L ender. 4. Charges; Liens. Borrower shall pay all taYes, assessments, charges, fines, and impositions atrsibutable to the Prpperty whieh can attain priority over this Security Tnstrumen� leasehald payments or�ound rents oa the Property, if any, and Cot�lmity Ev�sociatlon l�ues, Fees, and AssessmenYs, if any. To the extenr_that these items are Escrow ltcros, Borrower shall pay them in The manner�rrovided in Sec[ion�. Borrower shall promptly dischazge any lien wluch.has priarity over this Security Instruwc,7rt unless Borrower. (a) agrees in u�iting to the payment of the obli�ation Secured by fhe lien in a manner acceptable to Lender, but only so long as Borrower is performuig such agreement; (b) contests the lien in good faith by, or defends against enforcemeqt of the lien in, legal proceed�ings whioh i�Lender's o}�inion operate to prevent the enfarcement of the lien while those proceedings are pending, but only until such proceedings aze concluded; ox(c) secures&om the holder of the lien an agceemexit sarisfaetory to I,ender subordin�iing the lien to this Security Insteument. If Lendez determines that any part of the ProperCy is snbject to a lien wlueh can attain prioriry over this Security Instrument, Lender may give Borrow�er a notice identifying the lien. Within 10 days of the date on which that notice is gven, Borrower shall satisfy the lien or take one or more of the actions set PorCh above in this Section 4. Lender may require Borro��er to pay a one-tune chazge for a real estate tvz verific;ation.and/or repor[ing service used by C,endei in connecfion with this Loan. 5. Property Insurance. Borrowec shall keep the improvements now existing or hexeaftei erected oa the Property insured against loss by fue, hazards included within the term"extended coverage," and airy other ha�ards including, but not limited to, earthquakes and floods, for wluch Lendc,�r requires insurance_ This insurance shall be maintained in the a�nounts(including deductible levels) and for the periods that Lender requues. GVhat Lender requires pursuant to the preceding senteaces can cl�a.nae during the Cenn of the Loan. T'he insnrance cazrier provicling flie insurance shall ba chosen by Bosxower subject to Lendex's right to disapprove I3orroa✓er's choice, which right shall not be eY�ercised unreasanably. L,ender ma.y rcqirire Borroa�er to pay, in connection with this Loan, eilher: (a) a one-tune charge for flood zonc determivation, certification and fracking services; or(b) a one-time charge for flood zone determination wd certiflcation services and subsequent chu�es each time rexnappings or siinilar changes occur which reasonably might affect such determination or eer4ificatian. Borrower sh3ll also be respons3ble fox the pa�nent of any fees imposed by the Federal Emergency Management Ageiicy in connection with the review of any flood zone dcterm3uation resulting from an objection by Borrower. Tf Borzower fails to maintain any of the coverages descxibed abo�e; Lznder may obtain insurance coverage, at Lender's option and Borxower's expense. Lender is under no obligauon to purchase any particulaz type or amount of coverage. Therefar8, such coverage sha11 cover Lender, but might or might not pfofect Borrowes, Borrower's Equity in the?roperty, or the contents af the E'roperty, agau�s�any risk, hazard or liability and might provide ereater or lesser coverage than was previously in effec;t Borrower attmowledges tliat the cost of the insur�ce coverage so obtained might si�ilicantly exceed the cost of u�surance that Borrower could have obtained. Any amounts disburscd by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instnunent. These amounts shall be�2r interest at the Note rate&om the date of disbursement and shall be payable, with such interest, upon norice from Lender to Borrower requesting pa}nnenT. saoavs� NE3RAS;CA-Singlz Family-Fannis A1aelFredOie biac UWFOWd INSTRUM eNT Form 3020 iNi V�P��0.- VM P6(NEj(1105) Woltus Kluw er Fnancial Ssrvices Pa�z S o!i]