201601143 - Laserfiche WebLink

Browse

2� 1 �� 1143 th�tinle such payments are accepted.If each Periodic Payment is applied as of its schedu�ed due date, then Lender need not pay interest on unapplied funds.Lender may hold such unapplied funds until Borrower makes payment ta br�ng the Loan curren�.If Borrower does nat do so within a r�asonahle period�f time,Lender sha�l either apply such funds or return them to Borro�ver.If not app�ied earli�r, such funds wil�be applied to the outstanding pr�ncipa�balance under the Note�mmediately prior to f�recl�sure.No offset or claim which Borr�wer might have now or in th�future against Lender shall rel�eve B�rrawer from making payments due under the Not�and this Security Instrument or performing the covenants and agreements secur�d by this Security Instrument. �. Appl�cation of Payments or Proceeds. Except as expressly stated otherwise �n this Secur�ty Instrument or the Nate,all paym�nts accepted and applied by Lender shall be applied in the foliowing order of pri�rity: First,to the Mortgage Insu.ranc�prem�urns to be paid by Lender to t�ie Secretary or the monthly charge by the Secreta�y instead of t�e monthly mortgage�nsura.r�ce premiums; Secnnd,to any taxes, spe�ial assessments, leasehold payments or ground rents,a.nd fire,�lood and other hazard insurar�ce premiums, as required; Third,ta�nter�st due under the Note; F�ur�h,to amar�izatifln of the principal of the N�te; and, Fifth,to�ate charges du�under the Note. Any application of paym�nts, insurance proceeds,or Miscellan�ous Pr�ceeds ta princ�pal due under the Note sha�1 not extend or pastp�ne the due date,or change th�amount,of the Periodic Payments. 3. Fu nds for Escrow Items. Barrower sha�1 pay to Lender on the day Periadic Payments are due under th�Note,until the Note is paid in full,a sum(the "Funds"}to prov�de for payment of amounts due f�r: (a�taxes and assessments and other�tems which can attain priority over this Secur�ty Instrument as a lien or encumbrance on the Property; (b}leasehald payment�or ground rents on the Property,i f any;�c}prem ium s for any and a�1 insurance required by Lender under S ect�on 5; and�d} Mortgage Insurance prem�ums to be paid by Lender to the Secretary or the monthly charge�y the S��retary instead of the manthly Mor�gage Insurance premiums.These items are called "Escrvw It�ems."At orig�natian or at any time during the term of th�L�an,Lender may requ�re that Community Association Due�,Fees,and Assessments, �f any,be es�rowed by BorravWer,and such dues,fees and assessments shall b�an Escrow Item.B�rrower sha�l prompt�y furnish to Lender a��notices�f amounts to be paid under this Section. Barrower shall pay Lender the Funds far Escrow Items un�ess Lender waives Borrower's obligatian t�pay the Funds for any or a�l Escrow Items.L�nder may wai�e Borrower's ab�igation to pay to Lender Funds for a.ny or a11 Escrovv Items at any time.Any such wai�er may on�y be in writing.In the e�ent of su�h wax�er,Barrower sha�l pay directly,when and where payable,the amaunts due for any Escrow Items f�r which payment of Funds has been wai�ed by Lender and, if Lend�r requires, sha�l furnish to Lender receipts e�iden�ing such payment w�thin such time period as Lender may re�uire.B�rrower's obligation to make such payments and to provide receipts shall for al�purposes be deemed to be a Covenant and agreement contained in this Securifiy Instrument,as the phrase "cavenant ar�d agreQmer�t"�s us�d in S�ction 9.If Borrower is abligated to pay Escrow Items d�rectly,pursuant to a waiver,and B�rrower fails to pay the amount due for an Escrow Item,Lender may exercise its rights under Se�t��n 9 and pay such amount and Borrow�r sha�l then be obl�gated ur�der Section 9 to r�pay to Lender any such aemount. Lender may re��ke the waiver as to any or al�Escrow Iterns at any time by a not�ce g��en in a�orda.nce with Section 14 and,up�n such re�ocatian,Borrower shall pay to Lender all Funds, and in such a.mounts,that are then requ�red ur�der this Section 3. 23�39628� F HA[]eed af Trust-N E 9I3�12014{rev.�115� Bankers SystemsTM VMP� �015 Wblters Kluwe�Financial Serv�oes 2��fi020815.3 a 3406-N2�151�19N Page 4 of 15