200112684 - Laserfiche WebLink

Browse

200112684 THIS SECURITY INSTRUMENT jurisdiction to constitute a uniform security nstrumentd use c ver gform real covenants with limited variations by property. UNIFORM COVENANTS. Borrower and Lender covenant and t Charges and Late Charges. 1. Payment of Principal, Interest, Escrow Items, Prepay the Note and any Borrower shall pay when due the principal of, and interest on, the debt evidenced by prepayment charges and late charges due due nder the tNote oand Bh s Security lInsstrument funds all be made in U.S. Items pursuant to Section 3. Payments currency. However, if any check or other instrument received by Lender e that any all under the Nte or this subsequent payments Security Instrument is returned to Lender unpaid, Lender may require due under the Note and this Security Instrument be made in one or more of the following ng orr , o selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designates ably Lender in tha P �cenWltoh the provisions in insuffitcient t Lender may return any payment or p Payment or artial payment insufficient to bring the Loan bring the Loan current. Lender may accept any payment P current, without waiver of any rights hereunder obligated or ,dice rights to refuse such payment or partial payments in the future, but Lender is no t apply such he e cpayments are accepted. If each Periodic Payment is applied as of its scheduled lddue date, OWeLender eneed not p ty interest on unapplied funds. Lender may hold such unappl bring the Loan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such funds or return them to the immediately prior ollforeclos funds e. No offset eor claim which outstanding principal balance under payments Borrower might have now or in the future against Lender shall relieve ants and agreements secured by due under the Note and this Security Instrument or performing the this Security Instrument- 2. Application of Payments or Proceeds. Except as otherwise described in this Section payments accepted and applied by Lender shall be applied in the following order of priority: (a) Interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in�wo� which became Security Instrument and shall be applied first to late charges, second to any other then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent periodic o the delinquent payment and sufficient amount to pay any late charge due, the payment may pp apply an payment received and to the extent the late charge. If more than DPeriodic PeriodicnPas Dent andi Payments each payment can be from Borrower to the repayment of the paid in full. To the extent that any excess exists lied to any la a charges due. tVoluntuary prepayments shall more Periodic Payments, such excess charges aned then as described in the Note. be applied first to any prepayment proceeds, or Miscellaneous Proceeds to principal due under p Any application of payments, insurance the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments. 3. Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic riaodicanpayments o is due under the Note, until the Note is paid in full, a sum (the "Funds ") top payment other items which can attain priority over this Security Instrument as ca for: (a) taxes and assessments and lien or encumbrance on the Property; (b) leasehold payments or ground rents on the premiums for any and all insurance required by Lender under Section 5; and (d) Property, Insurance 01- 10229002 init ai Form 3028 1101 Page 4 of 15 -8(NE) i00051 t j ® J ,