200111459 - Laserfiche WebLink

Browse

2 0 0 1 4 5 9 and all easements, appurtenances, TOGETHER WITH all the impmvements now or hereafter erected on the property, this Security Pa of the property. All replacements and additions shall also be covered by and fixtures now or hereafter a p instrument as the "Property." Instrument. All of the foregoing is referred to in this Security conveyed and has the right to BORROWER COVENANTS hat Borrower is lawfully scr�sof t estateede ept foryencumbrances of record. mortgage, grant and convey the Property and that the Property Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. onal use THIS SECURITY INSTRUMENT combines uniform cov tuna anent covering real propertvl- uniform covenants with for nali limited variations by jurisdiction to constitute a uniform security UNIFORM COVENANTS. Borrower and Lender ov and Late Char ReollBorrower shall promptly pay «"hcn (hic the 1. Payment of Principal and Interest; Prepayment prepayment and late charges due under the Noce. principal of and interest on the debt evidenced by the applicable law or o a written waiver by Lender. Borrokr cr shall iXI. to 2. Funds for Taxes and Insurance. Subject to app L.endcr-on the day monthly payments are due under the Note, runtil lnlstrurnent as alien onithe Properly-, b) ye.arlN(�lea5 hold taxes and assessments which may attain priority over this Security insurance premiums: (d) yearly flood payments or ground rents on the Property. if any: (c) yearly hazard or property any sums gable by Borrower to insurance premiums, if any; (e) yearly mortgage insurance premiums, if any; and (� pa Lender, in accordance with the provisions of paragraph g'collcct and hold Fundstin aril amour t not o c- thcinira.�ciinaun items arc called "Escrow Items." Lender may, at any time, amount a lender for a federally related mortgage loan may �q�e to for times IZ U.S.C. § 2G01 oetnsey.a( "RESP federal ), unless Estate Settlement procedures Act of 1974 as amended another law that applies to the Funds sets a lesser amouU�ifesothe e mof °Funany ue on thecebasis of cur ent data and amount not to exceed the lesser amount- Lender may es livable law. reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with app instrumentality, or entity The Funds shall be held in an institution whose deposits are insured by a federal agency, I the Funds to pay (including Lender, shall Lender is such an institution) or in any Federal Home Loan Bank. Lender shall apply the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Items, unless Lender pa.. Borrower to pay on the Funds and applicable r n independent areal r Lender may require a one -time charge Pe Lender to make such a charge. However, livable law provides otherwise. Unless an estate tax reporting service used by Lender in connection with this loan, unless app required to Borrower any interest agreement is made or applicable law requires interest to be paid, Lender shall not be req all paid on the Funds. or earnings on the Funds. Borrower and Lender may agree in w ntinogf lhtieur however, that interest eland debits to he Funds Lender shall give to Borrower, without charge, an annual accounting and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument. If the Funds held by Lender exceed the amounts permitted to be held ble lawn lfthe law, amount of the shall Funds held by Borrower for the excess Funds in accordance with the requirements of app Lender at any time is not sufficient to pay the Escrow items when due, Lender malefic deficiency. Borrower in slr.ill makeaup� in to Lender the amount necessary to make up the cY such case Borrower shall Pay at Lender's sole discretion. deficiency in no more than twelve monthly payments, this Security instrument, Lender shall promptly refund to Borrower any Upon payment in full of all scans secured by cq Lender, prior to the acquisition or Funds held by Lender. if. under paragraph 21, Lender shall acquire or sell the property, p sale of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by this Security Instrument. payments received by Lender under 3. Application of Payments. Unless applicable law provides otherwise, all Pay payable under paragraphs 1 and 2 shall be applied: first, to any prepayment charges due under the Note; second, to amounts paragraph 2; third, to interest due; fourth, to principal due; and last, to any late charges due under the Note. 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehol span payments or Borrowerrshall p Borrower on shall pay these obligations n the manner provided in paragraph or if furnish pa time directly to the person owed payment. Borrower shall promptly Wer sshall promptly all furnish to Lender rrreceipts evidencing this paragraph. If Borrower makes these payments directly, the payments. N EBP-%SKA- SMryfk Family Fannie Maa/Frodda Mac UNIFORM INSTRUNIrNT FNMA3a28 11agc 2 , 1.7