89103470 - Laserfiche WebLink

Browse

UNIMINI COVENANn Borrower and !make covenant sad aster as folknas: 89- 103470 1. Paysatae of PMaeirat need Itateeast; Prrpyauat ani i Me Cluzges. Borrower shall promptly pay when due the principal ofand interest on the debt evitteWA d by the Note and any prepayment and late charges due under the Note. 2. ltlaarailsr 3mseasati Iawaeataat. Subject toapplicAk law ov to a written waiver by Lender. Borrower shill pay to Lewder an the day smaddy pry are due tinder the Nose. until the Neste is paid in W. a sum ( "Fad ") sgaal to onVtwr b of (a) yearly tastes sad w"otmrats which may attain priority aver this Security Instnsieat; (b) yearly taMMM payassnn or growd math as the Pvopsrty. if any. (c) yearly hazard insurance pressiwas; and (d) youly mtor0 8 inaot'asee peeasitttnta. if any. '!'Mate itasna are called "escrow items." Lender may estimate the Fads due on the basis ofet "al dale tad rsemaAkosritt s- otflhtureescrow items. The FWm %"be hsM in an ki6tubon $bedepma or accounts of which are insured or guaranteed by a federal or awe agate) (irneludietg Lwdar it Leader, is such an lostitutiml Leader shall apply the Funds to pay the escrow items. Lsmder my not charge for lidding and ap" thtr Funds„ seebming the account or verifying the escrow items. makes Leader pays Borrows ial - on the Funds and applicable law permits !.ender to make such a charge. Borrower ad Lanier sway apse in writing that interest &stall be paid on the Funds. Unk a an egreaaeat is made or applkable how ra I inns Worse! to be paid. Lender siau tact be requited to pay borrower any interest or earnings on the Foods. Leader dNA give to BOrrOwar. wkbort charge, an annual accounting of the Funds slowing credits and debits to the Faadsand the prI A P for which each debit. to the Funds was made. The Funds are pledged as additional security for the sutnts secured by this security Ine"Mme it. If the amount of the Funda bdd by Lander. together with the future monthly payments of Funds payable prim to the doe dates of the escrow items. shallestoad the amount required to pay the escrow items when due, the exact snhi dl be~ at Borrower's option either promptly repaid to Borrower or credited to Borrower an mwthly payments of Funds. Ifthe ass oust of the Foods held by Lander a not sielkiwt to pay the escrow items ahem due, Becrower shall pay to Lender nay amoost nsoetwr) to makeup the deficiency m one or..xx paymtmis as re"ired by tender. Upou payment in full of all sums secured by this Security Instrument. Lender shall Promptly refund to Don vow nay Funds held by Lender. If under paragraph 19 the Property is sold or aoquif d by Lender Lander shall apply, no inner than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of appiieation as a credit apnat the sums secured by this Security Instrument. 3. Apolin dsa of P1eytrtwlt. Unless applicable law provides otherwise. all payments received by Leader ruder I- isi -phs I and 2 "I be sppiied: first, to late chaf=es due under the Nate; seeoadd topeepsyment daargtns doe anderthe Nets, third. toamooats payable under pars igraph 2; fourth. to intent dui and Mat. toprincspaldoe 4. Charm ><.faaa. Borrower than pay all taxes. assessaaeeta. chsrgW, tines and imposition attribta *k to the Property which may attain priority. over this Security irutnumeat. and leaseboid payments or poutad rents. if nay. Bsetrstrer shall these m { PAY the manner provided is psngrttph 2, a if not paid in that manner. Borrower steal! Par them on time directly to the person owW paym mt. Borrower aW promptly fumM io Lender aH notices of amount to fie paid wader this par a I. U Borrowma makes these psytiaaa directly. Borrower shall promptly furnish to Leader receipts evidtacing tie payments. horrvwersiwir paP v clac;MMW my oea wmeb ens pttioriry over rest swunty Instrument unka; Borrower (a) again in writi■g to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good faith the lien by. or 4,61 4a apiast antoraestet t of the lien ins. Masi woceadiag which in the Lender's opinion ooerase to prevent the eaknetne eat of the lien or lottaiture of any part of the Property; or (c) secures from the bolder of the lien an ageoeaseat asbafi story to header rAmdwating the lien to this Security tmtrumnernt. If Leander determine that arty part of the Propety is subject to a lien which spay attain priority over this Smucity Imirumettt, Lender may give Borrower a wticeideadkisK the lien. Borrower shall satiety the lien or take one or more of the actions set forth -above within 10 days aEtfuegiw' �afaotioe. B. 1il�lay Immire t'e. Borwow shall keep the improvements now existing or hereafter erected on the Property iasared apimtr Gas%by fire, hazards indrWW within the term "extended coverage- and any other hazards for which Lender regeirrs insurance. This insurance shall be maintained in the amounts and for the periods that Lender requites. The iaiwanoe carrier provadi,n the insurance shall be chosen by Borrower subject to Lender's approval which sWt act be umreasoraably withheld. Lender s N assurance r b�oid renewalls s� be acceptable to Lender and stem include a standard mortgage clause. . AM raotaipts of paid pnaaiams and NNMW nmmm. fa the cvmt ofi ii*m Borrower shalBo l gave sthan promptly gave to Lender ceitrirs mad Leader. header w make O t notice to the mwtance Y proof of Ices if. teat rode proatnptiy by Borrower. Units header sad Borrower abextrise agree is writing. WASuramce groom& shall be applied to restoration or nrcpair cf the Property damaged, if the restoration or "game is ewnom=Wy kasiWe and Lender's security is not lessened. If the rera%aeation ar +repir is not eoosomially kanibie or Leader's see rity would be lessened. the woraace proceeds shag be applied to the staves mewed by this Security lnstruin rent, whether or not then due. with my excess paid to Borrower. If Borrower ahsedow the Fto>hprrty, or does not amwwvnthim 30 days a notice from Leader that the iasurranoe carrier has ' own" toau uka claim then I. t��der may colk" the imurance Woceeds. Iowa may use the proceeds to repair or restore the Property or to pay twins 'second by this Security hnarumwt, whether cw mat then dui. The 304ay period will be& �.. sslihan the soiit+i: iii giveat. • Ualemc leader and Borrower otls "WW agree is wrWM& any appliano n of proceeds to Pfmcipat shalt am ennead or pestpoaI the due da%e of the MGM* payments referred to in paragraphs t and 2 or change the amount of the payments. If umader parsgraph l9 the Property is aognirad by Leader. Borrower's right to any insurance policies and proceeds resuking from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security LatrtwneM immediatdy prior to the acquisition. G. Pi saw vMias awl iMaiMtsaate of Pf om 1p; %snnbd& Borrower shall not destroy, damage or substantially change the Property. allow the Property to deteriorate or commit waste if this Security Instrument is on a kewhokL Dorrowt. shah comply with the pr vmons of the lease, and if Borrower acquires fee title to the Property, the dessedaold and fete title she teat stones unkm Leader agron to the mergtir in writing. 1, hnalselisa of Darn's Rfgba is the newly Martgsge laarasim. If Borrower fails to perform the aoanawns and speesaemts commrard In this Security Instrument. or there n a legal proceeding that may swgridimptly affect LoodWs righft AS the IRoperty (.stein as a procmdmg to bankruptcy. probate. for condemnation or to enforce laws or rsgtsislions), than Leader many do and pay for whatever a necessary to protect the value of the Property and lender's tnghts N tie PropeatY. Lender's trireme MY Include paying any sums wcured by a lien which has priority over this Security iaatrealanm -- aPtsanfeag m court, paying feasoasabk attorneys tees sfnd entering on the Property to make rrpatrs. Although L WN may take actia t under thee paragraph 7. Leander does not have to do so. Any aeeouats dnburwd by Lender under this paragraph 7 shall breome additional debt of Borrower secured by thn SacwttY fastru rent Valor 8ortemer and i.ettder agree to other terms irf paymer.t. these amounts shall beat interest from tht elate of dabursen*nt at the Note rate and shalt he payable. with swerest. upon notice from Lender to Borrower .+ 1`9910entlpg psYeftrit ..