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201607567
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Last modified
7/28/2017 8:57:17 AM
Creation date
11/14/2016 9:00:28 AM
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DEEDS
Inst Number
201607567
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• 2� 1 ��75�7 <br /> . <br /> �. Appli��tior�af Payrrre�i�s ar f�rv�:��c�s�.�::��cpt a�exprc�sly stat�d other��ri5e i�� this Sec:xirity <br /> �iistrttirient or the No��,al�pay��rieX�t�ac;4eptet�a��d�ppli�d by�e��der sh�ll be applied in the failowin� <br /> or�Gr ot'priority; <br /> ��icst, I�the 'Vl�rt�;a�;�Ir�suranc;c pr�x�r��t��rt5 t�b� paid by r.cn�cr to the Sec�r�lary or thc monthly <br /> c��ar�;c by t�3� Sc;trctary ir��t�ac��f'thc rr�c�t�t�al�r rnt�rt�;a�;e �n�uranc:c premi�x�ns; <br /> 5�:�.-onc�, �c�u��y taxes, sp�t ial as5cssrnc;nt�, �ca�ctiol�payments or�round rexlts, a��d tire, t�lood and <br /> o[her l�arard ins��r�n�•�p�cmi��i�7s,a��-car�ired; <br /> "��hird, to i�at�rGst d��c�indcr th�;Nc�tc�; <br /> l�ot�r�h,to amortiratic�n o�the Pri��c;i�al Ut'thc N�te;and, <br /> l�itih, tc� late c��a�•�es d��e i���dcr ttie Nc�te. <br /> .��.ny�pp�it��t�o��c�f paymcnts, insi��-�r�c;e proc.-ecds,o�'Misc'ellan�o�zs�'roccGds to priri�ipal due�inder the <br /> Nc�t�Sh��l not cxtc��d�r pc�stpc�nc�����c�uc ciatc,c�r c,~han�;c th�;aiY�ount,of thc �'criodic Na�rncnts. <br /> 3. Func�stt�r��crr�rr�►lrerns. �3�r�-u�v��s��a�l �ay t� �.ccic��c c��i t��c day �'Griodit �'aysncnts a�•c;�u�r���dcr <br /> tht; Not�, ►�ntii��ic Nc�tc i�paid ir� t��li, � s��m�thc"��unds"�tc�prc��idc�or paymcnt af ai�no��nts duc�or: <br /> (a)taxc�a��d�ssessr�rie�its and�thcr it���n5�vhic:h car�attar��priority aver this Security �nstrument as� lien <br /> o�c��cr�m�r�.nc:G on t.hc �'roperty; (b} �c�s�h�id pay�n�nt:s t�r�ro��nd rents on thc Pr�perty, if any;(c� <br /> p�emi►�ms tor any ar�d al� ins��rance rcc���irc�i by I.ender�z��d�r Se�tion 5;and �d}Mor#g�ge Insura�ice <br /> �rc�niti�ms to b� ��.�ci by L�nd��r to t�hc Sccrctaiy c�r thc month�y�har�;c by thc 5ccrctary instcad of t:hc <br /> �r�[�ntt�ly�Yc�rt���;e Insurant�e premir�rr�s. `!'hes� �tcros are c:a�1�d "�:s�raw Items." At ori�;ination�r at any <br /> t�i��nc cit�rin�thc lc�•�T��t~�hc Loax�, L.cndcr rraay rcuuirc ih�t C�omi�nuni�y�ssouiatiUn I]iYc�, ��cc;�, and <br /> tlssc�sir��;nts, if ariy,bc cscrorvcd����3��-rvrver, an�su�.•t�c1���s, �ces and assessments sha�l be an Esc;ror�r <br /> �tcm. �3orr�r�vcr shall prc�rnptly fur��ish to �_.�ndcr a�l ��otic.•c�c�f'a�-no«nts tQ be paid �Y���er this Sect�o��. <br /> �3orrc�rver shall pay�..�r�cicr t�1G I���nds�t�r 1:��:rU�v It��Yis ui�lt�ss I:�ndcr�vaiv�s�.3or�r��vcr'�c��li�ati����to <br /> pay i���l���n�s fo�any�r al�L�c;rc�rv It��rris. Lcndcr may wai�c �3orro�vcr's obli�,3�at:ioi�t��ay to Lcndcr <br /> 1titx�ld�lc�r an�or al1 �_:sc:�c��v Itcros at any ti�nc. 11.ny ������r�raiv�;r ma��oiily be in��rritin�. In th�et�c��t af <br /> s���:h�vaiuer, �3or�o`ver shall pay dir��tly,rvhcr�ar�d wt��rc payable, the amo��nts duc for any Lsero�v <br /> Iterri� tUr�vt►ich payrr�cr��c�f����nt����as b��ri�vaiv�ci by I����t��r an�, if Len€icr rc;yirir�s, �hall f�trnish tc� <br /> ��G11(�GC fGC'�tpf 5 L'VEC�C'I1L'1�7�Sti�L'h�3aymen��it��in StYch ti�c��peric�d as Ler�der may rcyr�irc. 13orrower's <br /> �bliKalic�ri tc�rr�ake�uL��payn��:nt5�r��tU�rc�vi�ie rt;ccipts�hall fc�r al�purpc�s�s b�dcc:rnic� tc�b�a <br /> �•ovc�r��.►nt anc# a�;r�c�Yie��t c,•oiltairic� i��thi� Scc:trrity �rislr�zr�nGilts a�the phras� "covenai�i a��d a�;reement" is <br /> u�cci irz Sc�tiUri 4). �!�3c�rrc��ver r��bli���Gci �u��y t:5c;r���v r��rris�irec:tly, p��r�������t t�� �vaivc;r,and <br /> �3c�rrc��v�r iails t� pay the a�Yiou��t�i�� �c�r a�i����ro�v It�m, Y.�cnc�c�•��ay�x�rcisc its ri�;���s��EY�ier Sc�tiUn�1 <br /> a�z���}� s«�;��arr�Urt�at�r�� �3��-rue�vGr-��iall Ih�;r��c;c���i�;atc;c� ur��i�r S�c:tic�i���) tc.� i•c;�ay t� l.ii��c;r a�iy 5ci��i <br /> arnoE��it. i�cnd�r i�riay�•���okc t�i�;rvaiver as Eu any c�r a11 I:s�:r�r�v�tc�ris at any tirY�c��a noticc�i�e��in <br /> a[;[;Urt�a17[;G 1�Vlt�� St;[:liUri �4 ar�ti, t��t�r�����;�i r�;vc�c:a�iUra, �3c��-rU�►vcr�kialt pay tc� Lendc�-ail l���ri�s, aric� ��i <br /> s��c,�h ainc���nls,that a�•c� �hcn�-�q��irc�d r���d�r�hi� Sc�iion_;. <br /> �:c�nc��r may, ��a���ti�r�e, c:U��cct ar��hol�i I=����ds in an�mo�iY�t(a)Srztficieilt to permi�LeY�der�c�app�y the <br /> ����i�ds at the ti�n��pecitied uuder���:5�'�, a��d�b}i�oi to �xcccd thc maximu�n amo��nt a lend�r ca�i require <br /> ��r�c�er k�:S�'A. Lc���ic��hall�stitnate thc��no�int c�f��unds d��e an th��asis ot~curre��t data and reasonable <br /> t�stisYiat�s of cx�ei�difi���es ot'��1#t�re l:sc;ro��v ltci�tzs�r othc;•�vi�c in a�:�ord�ai�c:e rvitt�.��plicablc i.a�.�v. <br /> �Fi�1 Uc:c�ci cri l rust Wiih Mf:f25-NE_ �13t11��}t� <br /> �ar�kc�rs Systc:rr�s�'� VMF'�'� VMN4N(Nk�}�1at}�i}_Uti <br /> Wollc:r�iCluwer�=ir�ar�cial S�rvicc:� F'�4�c�5 af 17' <br /> yU33Ei15�i935U U'13:3 417 �517 <br />
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