200205897 - Laserfiche WebLink

Browse

200205897 THIS SECUFljy INSTRUMENT combines uniform eoven:mts to" naGon'al uie and lion uniform rgvi,urol with limited variations by Jurisdiction to constitute a uniform sccttrli)' msrument covering real property. UNIFORM COVENANTS. Bm[OwC( and Lender covenant and agree L follows Paymetlt of Principal, Interest, Esrruw' Items. Prepuymcnt Charge, and Late Charges. OorNwer shall pay when due the principal ol. and imerest on, lire debt evidenced by the Note and any pcepaymen[ ehaeF.ea and late charges due under the Note. Borrower shall cite pay Lmds fur Escrow IU.S. pursuant to Section 3- Payments due under the Note and this Security lnstrutn en[sundcr the Nlote or this cum'ncy. However, if any check or other instrument received by Lender as P:) Security instrument is icmrned to lender unpaid, Lender may tuNire That any or all subsequent payments due under the Note and this Security instrument be made in one or tnnre of the ti edosu'e(sfcheik or monc order. (c) cerulicd check. hank check, selected by Lk, pro un task such Y' institution do osits are insured by a cas'hier's check provided any such check is dawn upon nl mstimtion p lederal agency, in "uvmanalily, or emity: or (d) Electronic fends 'f[ansfcc, Payments are deemed rerauved by Londcc hell rceci,sd at the location de,nnatcd in tine Note or nt such other location as may he designated by Icnder in accordance widi the nolicc pronsions in Section 15, Lender 1111y return me payment or Partin] payntutitdtznit orpa atnialt l>oYnt' ntuinsuf[7eta [ toebtringf f tire eLoau bring the Loan ourrcnr. I.cnder may accept any P y ten or Pic its rights ro refuse such Payment or partial mrmnl. without waiver of arty rights hercunde[ or p J arc payments in the future, but Lrndec i5 not obligated to apply such pnymcns e, the,, i such need not pay accepted. if each Periodic Pnymnn is applied as of Its schcdaled due date, interest on »napplicd funds. Lcnder may hold such nnapplied funds w nil Annowcr tut +kcs paymeNS m bring the Lo,n uma-nt. If Borrower does not do so within a reasonable suchio ula`nwillLbe appl edl turtle apply such funds or ¢turn them to Borrower. if not applied Cal ' outstanding pri,clp:d balance under the Note immediately prior to forcdosur=- No offs¢ or claim which Borrower ,light haN, now or in the mime against Lee clermLna the ooe p�nLti and agrecngn¢ nicking se urod by due under the Note and this Security instrument or 7 this Sceurlty 111111menL all 2. Application of Pa)ments or Proceeds. Except as otherwise dserrder in this Section (a) interest payments accepted :old applied by Lcnder shall be applied in the folloi`mg order of ptim'i[, ( ) due urdcr die Note'. (b) principal duc under Eric Note! (c) amounts dice under Section 3. $uch payments shall be applied m each Periodic Payment ill the onler in which it bcc'amc due. Any fcolan"ll mnounta shall 6e applied fist to la an te ehnrge5. second to y other amounts due under this Security Instrument, and then to reduce the principal baltutec of the Note. If I_eudcr rzeeives u Payment from Borrower for a dchnqucnr Periodic Payment which includes a sufficient amount w Pay any late cltargc duc, rite paynttra may be applied to rile dchoy 1) anent received Pyrneril kind the hoc char @,c. if uncle than one Periodic li,ymcnt is outctandinntl e the tut apply, cac:h I n}nncnt can be front Borrower to the repayment of the Periodic pay,", u tl paid in Cull. "Cn the extent that avY excess exists liter the pnymcm Is applied Io !hc fall payment of one or mom Periodic Puynlents, such excess may be applied ro any late charges due. Volwrtat re 1 anents stall be applied first to any prepayment charges and then as described it the us P Any apPl +cation of payment", insurance proceeds, or Miscellaneous fTile p, m principal due mtder the Not, shall not extend or postpone the due date. Or chan8c the amount, of the Pc[iocic Pa IIIVnt x 3. Funds for Escrow Items. Borrows shall h the "Funds) too provide for lPaynirnt of amounts due under the Notc, until the Note is paid in tu1L a sum in': (a) taxes and assessments and other items which cin auxin priority over this Security Instrumem as a lien or cncumhr: +ncc on the Property; (b) le-aschold payntatu or ground r5; odd (d) property, if i lllsur:nse prenuLlms for any and all insurance required by Lcnder mulct Section 5; SKV Foim3028 1101 - 6GlNE1 me +s w dd /80 'd E8£d9£SZDb 'ON XdH 9I 00841 S113M 0 1£:11 18H d00Z 1£ ddW