98110035 - Laserfiche WebLink

Browse

_.._.__.._....._�.., �.��__ �... •:�tM.v- - - ' � �8� sirx�s BORROWBa COVENANTS that Borrower i��twtbl�Y a�iod of tt�e atate her�by conveyod and tuu ttu ri�ht to • �nat �nd convey the Property +�►d thac the FroPertY is unencumbered, except for rncwnbr�nca of rxord. Borrower wur�nu u�d willdefrnd�enernlly the tide to the Property a�ainst �11 claima and demand�. �ubject tu�ny encumbr�ncrs of rocord. 'fH1S SECURI'TY lNSTRUMENT combina uniform covrnu�n for ru�tlonal uae uid non-uniform cciven�nes wieh limlte� vartatien� by Jurisdictinn to conetitute a uniform aecurl►y inatrument covering real property. UNIFORM COVENANTS. Borrower �nd Lendar covenant pnd agra ns followe: 1. PaymaM �tPria3pal, ider��t �od Iate Chu�e• Bonower shall pay when �ue the principal of,and interest on, thc debt evidenad by thc Note �nd lue chuges due under the Note. 2. Maatbly P�t ot Taus.Inwtaaa. aad Olba' C7��a. Bo�rower sh�ll include in e�ch monthly payment, together with the pdncipal and intrnsc as sec forth in tho Note and any lau chuges,� sum for(a) tup And qx�ci�l �aseasroenu levlai ot ta be leviod ugunst the Propeny, (b) leasehold pAyments ar.ground rents on the Ptoperey, and (c) pmniwns for iaturaace raquirod uncier pacagrAph 4. In aay yeu in ahich tt►e Lendar must pay a roongage insuru�ce premium:to tt►t Secrecuy of Houaing and Uxbnn Dovel�pment ("Secretary'). or in wy yeu in which auch premium would�have been required if I.endcr still held the Security laatrument, each monthlY PRY�� 60 ir►clude eitl►er: A) �sum for the wnual morigage inaur+nce pranium to be paid by la�da to the Secc�etuy. or(ii)i mnathly charge inetad of�mortgAgc inauru� Premium if thla Security In�tzument i�deld by tbe Secrrrt�ary. in• rwoa�ble .rrount to be detem-,ined by the 5ecretacy. Except for the monthly chs�qe by t2u Secmary, Wae item are alled "Esaow Itarn" and We su�m paid to Lxuder are c�lled "Eumw Fundi." L.a�der m�y� su�ny titne, collect �od hold �tnauau to� Facrow ltenr in �n�rKate iurount aot w exoeed tbe madamrn u�wuac �hu may be roquiraf for Borrower'�acrow�ecount under tbe l��al Fat�te Settlemitnt Proc�+dura Act of 1974, 12 U.l,C.�2b01��,wd lmplat�entia� re{ulMiotu, 24 CPR Part 3300,as tlNry nr�y b��d�d f'roa► time w tlme ('RESPA"),exoept tb�t tbe cwhion or reeerve pennitted by RESpA !or unmklpMed dl�bune�aw�M� a �s betaro tbe Borrowa'� p�ymeoa �u+e �v�ll�ble la the�000unt rr�y noe be bred oa �nwunu dw for tb m�ti�p lastu�no� P�'adum. If the�tryounts beld by l�+der Yor&cmw Ita� eaceed tbe�rtto�u�u permitted tu be beld by R�SPA� Leader �lull a000yuu W gortower tor the exops Au�dr a�requlred by RESPA, If tbe unounti o!tundr beld by Leoder at�oy tim� ue not wMcieot u pay the F.�crow Itmn whea due� L�ender rtNy Gotify the Bortowa ard require 9orcorver ta m�ke iip iis 'a`wia�� L�TiR:� ��DQCDI. 'I1�e Pacruw Pund� ue pbd�ed �t additiooal awdty for�11�xcurod by this Security Iuarumeat. If Borrowa teoders to L,eadac tbe Nll p�ymeae oi all �uch wmi.Borrowa's accouat sh�ll be ee+edited Mith the b�laooe raminio� for tll iwallm�ut ftem�(a)�(b)�wd(o)md�nY��t�i� inrur�ooe pranium inaaUmeat that i.eader hM not beoome obli�ated to piy to the 5eerttacy�aad l�eader thall Pro�q�tlY refund �ny exoaa fuads to lfocrowec. Immedineiy pcior to a forocloaia sale of tl�e Propaty or ies acquiiitioa by LxMar� Borrower'e�ccount �6a11 be crodited with aay Wl�aoe raa�lnin� for�ll iwWlmeaq for iteme (a)�(b)� aad (c)• 3. A�plint�o� o[Pit�a�. All paytnemu under pusgnp6s t ud 2�iWl be pplied by L�euder M idbas: FIItST� to the mut�t�e iosuraoc� premium to be paid by La�der w the Sxrctary or w We monthlY�1K�� Sec�tary insud of the rtyonthly mort�e lnsur�acY pmnium: SECOND,to my tua��pecW aaeasmentn. lea�ehold paymenq or grauad mit��ad fire,ilood�ad otda harnd � ioq�c�ooe premiumt. a�raN+rod; �Q, w intaest due under the Notr: �, to mu�ti�tioa of du princip�l of the Note; And � �� Yo We char�a due uader the Note. �; ,•� ' 4. Pira.Rood atl O�er Ha�d Iowraooe. Bo�rower ih�ll inwce a11 impc�vmxat� on the ProQe:ty. �fietbec now in e�steooe or a�b�equently era,�ted� �aiart u►y hwrda, ca�ualtia� and oontiaQa�cia, iucludjni Me.for whicb I,eader r�quira ictur�ooe. This insurauoe sh�if be matnnined in the unounts nd for the periodr th�t is�odrr requiea. &orcowa �ull �Itu insure dl improvema►u on the PropectY. whether now in euisteaoe or wb�mtly e�cted. �tataa laa by flood� to the extrnt required by the Secrenry. All lnsuru�oe atWl b�cuded with ca�paoia �pproved by La�dcc. The iasurma polic[a and wy rearw�l� atull be held by L�eader �ad o1W1 include loa Q�y�ble cla� in favor of,md in�form axeptable W, La►der. In tbe eveot of loa,Borrowa sh�tl give I.ender immediue notice bv uuil. l,cnder may m�ke proof of loa if nvt �tade promptly byBorrowa. Ex;h insuru�ce company rnnamed lshaeby �ttthori�rd and ditectad to maloe payaKnc for a�ch lose dirntly to I.rnder, instead of to Bonower and .�a La�der joinily. All or any psrt of tLe �nturaooe prooeeda m�y be �pplied by I.ender, at iat optioa� either (�) to We red�xxion .of the iadebtednas uada tLe Note �od t1�5xuricy Lutzw►�t. fim to�ny delinqueat atmimts applied in tLe order in p� 3,wd thw w P�WY� of priaclpal, a (b) to the ratoruion or repair of tLe dutu�ed Property. My applic�tiou of the prooeods to tbe principrl �hall not extead or patpoae tLc due dau of the monthlY WY�u whicb�+e referrod to in psnqr�pb 2.or c�n�e the amount of wch payment+. My excese iasurance procoocis o�er an uaouat required to pay�ll ouutwdtaa ind�todnas unda tLe Nae and thi, Socuricy Tnstivmeac eh�ll be p�id to che entity leQdly eatidod eha+eto. in tNe eveat ot foroclwure of thi� Secudty Instrument or otba tr�fec of dtle to tLe Property th�t ext�ui�Des the iadebtndnas. dl ri�ht, tiNe and intercst of Borrowex in a� to iiuurmoe pol[cia in foroe �ll pw tn tNe P��;- n.----�s. u.i.�r�w� ,ed Pro�e�n of the Praoac'tr: Ilaro�ec's Lo�o Applir�tia�; .,. ...I...��,n -•�..• - -- - - I�eboid�. Burrower �hall occupy.eatablirh� �od uee the Propeny �a Borrowa's principit raideuoe within:ixtyd�ys after We exavtion of this Sacuriry Instnustent (or within tiury daye of a later sale or�ruufa of the Propaty) �nnd�b�ll canti�ue to arupY the PropercY ae Borrower'e princip�l raidena for at laat onc yeu atter the date of oxupancy. � � detrnninp th�t requirea�ent will rawc ux�Aue hudshlp for Borrower, or unlas exkauacinp circumstance� euist whic6 u+e beyond BQrrower'� oontrol. .Borruwcr �hal1 �oaify Lrender of aoy extaes�ror� t+�en�►-�► �o�ap 7'm�sr o.�.Kr srw...k.isoa w9.»u Pa�2 of 6