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� �.�.✓c�yv: <br />VT <br />$9 102202 <br />premiums; and (d) yearly mortgage insurance premiums, if any. <br />These items are called "escrow items ". Lenders may estimate the <br />Funds due on the basis of current data and reasonable estimates <br />of future escrow items. <br />The funds shall be held in an institution, the deposits of <br />which are insured or guaranteed by a federal or state ae ^ncy. <br />Lenders shall apply the Funds to pay the escrow items. 4-enders <br />may not charge for holding and applying the Funds, analyziAg the <br />account or verifying the escrow items. Lenders shall not be <br />required to pay Borrowers any interest or earnings on the Funds. <br />Lenders shall give to Borrowers, without charge, an annual <br />account of the Funds showing credits and debits to the Funds and <br />the purpose for which each debit to the funds was made. The <br />Funds are pledged as additional security for the sums secured by <br />this Security Instrument. �_ <br />If the amount of the Funds held by Lenders, together with <br />the future yearly payments of Funds payable prior to the due <br />dates of the escrow items, shall exceed the amount required to <br />pay the escrow items when due, the excess shall be, at Borrowers' <br />option, either promptly repaid to Borrowers or credited to <br />Borrowers on yearly payments of Funds. If the amount of the <br />Funds held by Lenders is not sufficient to pay the escrow items <br />when due, Borrowers shall pay to Lenders any' amount necessary to <br />make up the deficiency in one or more payments as required by <br />Lenders. <br />Upon payment in full of all sums secured by this Security <br />Instrument, Lenders shall promptly refund to Borrowers any Funds <br />held by Lenders. if under paragraph 19 the Property is sold or <br />acquired by Lenders, Lenders shall apply, no later than <br />immediately prior to the sale of the Property or its acquisition <br />by Lenders, any Funds held by Lenders at the time of application <br />as a credit against the sums secured by this Security <br />Instrument. <br />3. Application of Payments. All payments received by <br />Lenders under paragraphs 1 and 2 shall be applied: first, to <br />late charges due under the Note; second, to prepayment charges <br />clue under the Note; third, to amounts payable under paragraph 2; <br />fourth, to interest due; and, last, to principal due. <br />4. Charge=_; Liens. Borrowers shall pay all taxes, <br />assessments, charges, fines, and impositions attributable to the <br />Property which may attain priority over this Security Instrument, <br />and leasehold payments or ground rents, if any. Borrowers shall <br />pay these obligations in the manner provided in paragraph 2, or <br />