89105114 - Laserfiche WebLink

Browse

L i r- K iECMDEO 89 x.05114 89- 104292 UN"RM CpvEfllA!�i is borrower and L cn&r covenant and agree as follows: L. Pay■eat Of PritieMtl AM Intsas el; PrtgaYmatt and Late Chum& Borrower shall promptly pay when due the priscipal of ar4 intterest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Fisa k hrTaataa and Isursom Subject toaWicable law or tom written waiver by Lender. Borrower pay to L4 -wder on the day monthly paytttemts art: due wirier the Note. until the Note is paid in full. a sum (••Funds ,) equal to oae�twdRh oaf: (a) yearly taxer: and aseunients which may attain priority over this Security Instrument; (b) yearly iaaaslwoid paytacat: or ground rants an the Property, if any; (c) yearly- hazard insurance premiums; and (d) yearly aort/tyt iarmum pruaiuw* if airy. These a items are called "e craw it ems.° Lender may estimate the Funds due on the beefo atoatrtest data and renaoa shop ntinnates df future escrow items. I. s s- oe nao tom ussatuum ruse aep um or a cemats otwhtclr are insur ed or guaranteed "a federal or safe son icy (including IAWW if bender a such as in"witim). Leader shall apply the Funds to pay the escrow items. L�aaie+ stay trot edrarge for holding and applyig the Fonda. saalysing the an art ormrtynifyia� the taerow iteaits. tttaleaa Lt{nder pays 8orr iatter+ett on the Fwasds and applica6ic Law permits Larder to alike such a char e. Borrower and Lsttdtr MW NOW in writing that interest :,hall be paid on the Funds. Unless an agreement a made or appLc" Oar 10"Pitea italentt- to be p@K Leader shall not be required to pay Borrower any inttatt'est or earnings on the Fands. Lander aitalN1109 toBorMower, without charge. an annual accounting of the Funds shoxinwtf Viand debitsto the Funds sed the parpoae fox which each debit to the Funds was trade. The Funds are pledged as at:diurin g sectrity for the sums secured by thisSwas*y Instra meat. If the amount of the Funds bead by Lender. together with the future ma m;lsiy payments of Funds payable prior to the doe data of the escrow items. shall exceed the amount required to pay the esc:r w items when due. the excess shall be. at HarroaWs option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the aatowtt of the Fumb held by Lender is twit sufficient to pay the oserct Gems when due. Borrower shall pay to Lender any aoarw:t umeaaary w makeup the dddaK7 its one or store psyw=M nr"uired by Lender...... 1Jpoa payatent in foil of aU sums secured by the' Swurity W6a umeat. Lender shall' jproewpdy refund to Borrower arty Panda held by bender. If under paragraph 19 the Progeny a s* or acquired by lender. Lender shat] apply. no later tltapaiteasiediately prior to the sale of the Property orift acquisition by Lendmarryr. Funds held by Leadievat the timmolf appLiattiaaasa credit agoinst;tbe sums secured by this "Security Instrument. 3. A/P�l auks of fty�SnrAS, Unku applicable law provides otherwise: All paymencs'received by Lender urmder pars8raphe t and 2 shalt be applied: Snt, to late charges due under the Note. seemmat to prepayment charges due under the New. third, to amounts paysWirmider paragraph 2; fourth. to interest due; atuf Wes t o principal due. d. � Hamra. Boorrower shall pay ail taatm. a«um. % charges: tL n aural i.�ttpmtiams imbuui* to, *e Property which a�esg, strain pYiiority,owec; "tbo� Security Instrttute* d leasehold payatt or ground rents. it: any. Bcrrvtrer shall payt.hae obligations in ttw.n um provided in pars¢ 'r:1, ins if trot paid it oUt muser. Boratwer,"d pay tkm on time directly to the person owed payment- Borrower shalE rasa t ly Lroanish to Lender all twdw of amounts to be-paid under this paragra;k If Borrower niaka these payments dve IY.' ft-1 rawer shall prromptly,fvrvish to Lender r irevidencing the psyme wis_ Borrower shall promptly dbci arpe lien which has priority over this Security Instrument unless Borrower. (a) 09MO is writing to the Payment of the t secured by the Ilea in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends ag6mt enfor enrent of the lien in. legal proceeding which in the Lender's opinion operate to prevent the enforcement of tbe-Lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agroemerwt satisfactory to Lender subordinating the lien to itm, Security Instrument. If Lender determines that any pest of the Property is subject to a lien which may attain priority over this Security Instrument, lender may give Borrower a aattke identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within td days of the giving of notice. S Mauri Ia mrsoce. Borrower shall keep thr_ improvements now existing or hereafter erocted on the Property insutd against tots by fire, halw-rds included within the i:gam "extended coverngt" and any othir hazards for which !.ender t . insurance. This insu:i6ce shall be .maintained in the amounts and for the periods that Lender requires. The iatenace carrier providing the insurance shall•be chosen by Borrower subject to Lemderff-'approval which shall not be . unrearonabty withheld. All insurance polices o renewals shall be acceptable to Lender end :]realm include a standard msonpl fe elattie. mender tdtall have the right to bad the policies and renewals. If Lend er require v,.k`ibrrower shall Ludy Ov±� to lmwa AD ntoeipts of paid premium and renewal notices. in the event of loos. Borrower sltyl) give prompt notice to t:1 iniuri►nce aarrser and Lender, h order may make proof of tors if riot made promptlyt,by Borrower. Unless Lender and Borrower otherwise agree in .writing. insutetftie proceeds shall be agriphed to restoration or re Ira of the Property damaged, if the restottation or repair it econtmnically t'easibit wPG Lender's security is not lessened. if the mtalao taon or repair is mk economically feasible or Lender's security woxe',di Im.,kwsened, the insurance proceeds shall be atpoial'to the sums secured by this Security lentrument, whether or not theee with any excess petid to Borrower. if Lhxr+oOW abandcfr the Property, or does swt answer within 30 days a nurce from Lender tlat the insurance carrjet' h&i R rad to settle a claim, then Lender may co ttlut the insurance proct,eds. 0WOri may use the proceeds to repair or re mme the Property or to pay atatms seecuted by thtx-Security Instrument, whether of 4-v :tNn due. The 30-day period will begin when the notice is given. Union Leader and Bnrturtrotherwiwagree in writintg, any sppheation ofproceeds to principal shall not extend or postpone the due elute of the.nianthly payments referred to in paragrrm I and 2 or change the amount of the payments. If under paaagtsph 19 the Property is acquired by Lender. Borrower's il-Aht to any insurance policies and proceeds resullazra froth donne to the Property prior, to the acquisition shall pass to Lender to the extent of the sums secured by this Security taatrrttattm immediately Prior to the acquisition. i. 1'tescrvatiemt mad :'�laitwtentance of i"ropee�: Genaaiotda. Borrower shall not destroy. damage or substantially cbaatge the Property allow the Property to deteriorate or commit waste if this Security instrument is of a leasehold, Barrtrrrr shall catrply with the provisions of ibe lease, and if Borrower.acquays•foe title to the Property. the leasehold and fw title shall nix merge unim Under agrees to the merger in writing. 7. Ptoteetion Of i etader'a Nlglts Is the PtOPMA Mortsye laurwtrarrt'e. If Borrower fails to perform the oovem m is and agreements contained to this Security instrument. or there cs a leO proceeding that may significantly affect Larder's rights to the ?"roperty (ouch as a proceeding in hankruptcy. niceate. fit r mdeen+_ ..� or to enfa= L-� w r�egWMions). then Lender may do and pay for whatever is necessary teoraect the value of the Property and lender's rights is the Property. lenders anions may include paying any sutras seat s'ed by a lien which has priority over this Security Itstyruinist, appearing in court, paying ressmable attorneys' fees and entering Cm she Property to make re; ain. Although Laaderaaay take action finder this paragraph 7. i.ender does not have tardo soy Any amounts disbursed by Lender under this paragraph 7 shall become a &nional debt of Borrower secured by this 3ietusty itsatrumnt. Unless borrower and Lender agree togeher tetrty of payment, these amounts shall bear interest from the dated 4Mnirminmt at the !q;:,tc rate and shall be pgyuble, with interest, upon novice froom lArider to I19rrowar wtl payer . r,