99106864 - Laserfiche WebLink

Browse

i 99 �.osgs � �l� �- !a �, j":. � �✓ �.. �l. l." 1..� t✓� .y� and,to the extent permitted by law, waives Borr�wer's rights under any law which provides for an increase of said prior deed of trust, mortgage,deed to secure debt or other security instrument to pay for repairs, improvements, replacements, taxes, municipal liens, assessments or other charges on the Property. If, notwithstanding the foregoing waiver,such funds are advanced to or on behalf of Borrower, whether voluntarily or involuntarily, Borrower agrees that Lender, at its option, may accelerate the indebtedness secured hereby." 10. A provision is added to the Security Instrument as follows: "Borrower hereby acknowledges receipt, without charge, of a true copy of the Security Instrument." � 11. Escrow Waiver If the box above has been checked, Lender waives the requirement for Borrower to make payment to Lender for the escrow items referred to in the paragraph of the Security Instrument entitled, "Funds/Monthly Payments for Taxes and Insurance." Borrower shall pay these obligations on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph, and receipts evidencing such payment. Unless otherwise prohibited by applicable law, Lender reserves the right to reyuire Borrower to make payment to Lender for the escrow items referred to in the paragraph of the Security Instrument entitled, "Funds/Monthly Payments for Taxes and Insurance," if Borrower defaults in the payment of such escrow items and such default is not cured within the time set forth in any notice sent to Borrower by Lender. Lender reserves such right even though Lender did not establish such escrow account as a condition to closing the loan. If Lender requires Borrower to make payments to Lender as provided herein, the provisions of the paragraph of the Security Instrument entitled, "Funds/Monthly Payments for Taxes and Insurance" will be in full force and effect. 12. A paragraph is added to the Security Instrument as follows: "FORCE PLACED INSURANCE. Unless otherwise prohibited by applicable law, if Borrower does not provide Lender with evidence of insurance coverage (for any type of insurance that is required by Lender), Lender may purchase insurance at Borrower's expense to protect Lender's interests in Borrower's Property. This insurance may, but need not, protect Borrower's interests. The coverage that Lender purchases may not pay any 'I claim that Borrower makes or any claim that is made against Borrower in � connection with the Property. Borrower may later cancel any insurance �I! purchased by Lender, but only after providing Lender with evidence that Barrower has obtained the required insurance. If Lender purchases insurance for the Property, Borrower will be responsible for the costs of that insurance, including the insurance premium, interest at the rate provided by the terms of the Note and any other charges that the Lender or the insurer may impose in connection with the placement of the insurance (for example, a fee from the carrier for processing the force placed insurance),until the effective date of the cancellation or expiration of the insurance. The casts of the insurance may be added to Borrower's total outstanding balance and secured by this Security Instrument. The costs may be more than the cost of insurance that Borrower may be able to obtain directty because Lender will be purchasing insurance under a general policy that does not consider Borrower's individual insurance situation." LOAN ID��:5700191009 MULTISTATE ADDENDUM TO 1ST/2ND PAGE 3 OF 4 AMCL AMG014A.USM FNMA/FHLMC SECURITY INSTRUMENT SUPERIOR(4/30/98)