201210451 - Laserfiche WebLink

Browse

201210451 reqLzired by RESPA, and Borrower ehall pay Lo Lende� Chc amomrt neceesary to make up the deficiency in accordance with RESYA, but in no inoca than 12 monthly p¢}nnents. Upoi7 pay�ncK�t in ftill of aLl swns secured by this Security Inatnunenf, Lendor shall promptly refwid to Borrowex �ny Punds held by Lender. 4. Charges; Liens. Borrower sl�all paq a1.1 taxes, assessinenCs, charges, fines, and impositions attributaUle to tha Property which can ettnin priorify over tl�is Security Instrwnent, laaseholcl peyments or gromzd ronts on the Property, iF any, and Coirununity Assoeialion Dues, Fcos, a��d Assessments, if any. To tlie ex[ent Ihae fliese iteins are Sscrow Iteins, Borrower shall pay them in fhe n��nncr prc�vided in Section 3. Borrower shall promptly diseharge nny lien which has�riority over this Security Instrwnant unless Borrower: (a) agrws in wtiting to the p�tyinent of Uie oUligatioiz seeured by the lien in a inamier acocptab1e to Lender, but otdy so Iong as Borrower is perforn�ing such agreement; (b) eontests the lien in gooci faith by, or defsnds against enforcemeut of the lien in, legal pxoceedinga which in Lender's opinion operaCe to prevent thc cnforee��ie�rt of the lien while those proceedings are pending, but only unfil snch procecdings are concluded; or (c) secures Trom the holdor of the li�� an agreement satisfactory to Lender subordivating the lien to tlus Sacurity Iuetrwnent. If Lendex detertnines Ehac zny part of tl�o Properiy is subject to a lien which can atttin priority over$iis Secwity Inatrwnent, Lendar may give Borrower a noticc idontifying tl�o lien. Witihin 10 dttys of tlie date on which that notice is given, Borrower shall satisfy the lien or Cake one or morc of the actions seh forth above 'v�ihis Secfion 4. Londor may roq�iirc 13orrower to pay a one-time nharge foi a real egtiate tax verificatiart nnd/or reporting aetvice used by Lender u�connection with this Loan 5. Property Insuranee. Borrower shall kccp thc improvcmcnts now exietnig or hereaf'tev'ecected on the Property inswecl against loes Uy ffre, hazards included withui the fenn"extcndcd covmage," and aaiy ofher ha�v�ds nicluding, Uut not liinited tio, earthquakes fuad floods, Por which Lender requires iusuranue, 1'his inauranca ehall be maintaincd iii thc amounts (including deductible levels) aud f'or the periods that Lender requires. Wltat Lender requires puraunnt to the prececling santences cau cl�angc during the te�m of the Loan. The insurance carriar providing the insuruice shtill be chosen by Borrower aubjecC to Lender's right to ciisapUr000 Rorrower's ahoice, which right shall not be exercised umeasonably. Lender niay reqnire Borrower Co pay, in aonncction wi$i tivs LoHn, either: (x) a one-tima charga for flood zone deterinination, certification and tracl�ing servicas; or(b) a one-time cherge for Ilood zone deCennination wd ccrtification �orvices and sLiUsequeut charges each time remappiugs or similar changas occur which ret�sonably inighf affect auch detexirui��6ion or cerkifcaLion. Borrowor slrall also Ue tesponsiUle for the payment of any fees iinposed by the Fecleral Emergency MAnngement Agency in oonnecCion with tho rovicw of any flood zone dctertniriatiou resulting fiom an objection by Borrower. IfBorrower fai1s to maintain any of the coverages desoribed aUove, Lender mey oUtain nisurnnce coverage, at Lender'a option nnd Borrower's expense. Lendcr is under uo oUligaliou to purchase auy paztioulu�type or aanowit o,f coverage. Therefore, such ooverage shnll cover Lencler, hut might or mighf not protect Barrower, Rorrower's equity in the Proparty, or tha contents of Yhe Property, against �uiy risk, h�c�2rd or liability and migUt provide g�eater or lesyer coverage thazi was previously in effect. Borrower aclrnowled�ea Hinl the cost of Che insurtuioe oover2ge so obtained might significanUy czceed the cost of insurauce tilSat Borrower could hnve obtained. E1ny amounts disbursed by Lender imder this Sec6ion 5 shall bccome additional debt of I3orrower secured Uy Uus Security Insh'tunent. These amounte shall bear interest at the No[e rate from tho datc of disUucsomeiit aud xhall Ue payable, wit1� such inte�est, npon notice froin Lender Yo Barrower requesting pnyment. zaaazesa NEBPP,SKA-Sin�leFamlly-FennlelAeelFreddleMecUNIFORNI M51'RUMEN't Form30281101 VMP �O VMPfi(NE)(1105j Wtlllers Kluwor Flnanoial6ervices Pagfi R ot 17