200210144 - Laserfiche WebLink

Browse

200210144 THIS SECI ; lit 'fY INSTRUMENT combines uniform covenants for national use and nun - uniform covenants with li moral varialious by unisdictiun to constitute a uniform security instrument covering real properp . UNIFORM CO%'ENANTS. Borrower and I ender covenant slid agree as follows: L Payment Ili Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pav when (iuc the priucipal of, and interest on, the debt evidenced by the Note and any pr:pay nlent charges and laic charges due under the Note. BOTR)WCI shall also pay funds for Escrow Items pursuant uo Suction 3. Payments due udder the Note and this Security Instrument shall be.made in U.S. currency. Ifowevu', I any check or ,[her instrument received by Lender as payment under the Note or this Security Instrument is returned to I coder unpaid, Lendet 1nay require that any or all subsequent payments due under the Nate and this Security Instrument be medc in one or Ionic of [lie following forms, as selected by Lcudci (:1) undo: (b) money order; (c) cenitied check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon nn institution whose deposits are insured by a federal agency, inslnmtenurlhv, in or (d) Electronic Funds Transfer. Payments arc dwtned received by Lender when received at the location deuignamd in the Note or at Such other location as mao be desienared by Lender in accordance with the notice provisions in Section 15. Lender may return :.m payment or partial paymcnL if the paymen[ or partial payments are insufficient to bring [tic Loan current. Lcutlet may accept any payment or partial payment insufficient to bring the Loan current, without tsalcar ul any tights hereunder or prejuclicc to its rights to refuse such payment or partial payments in the Imo¢, but I coder Is not obligated to apply such payments at the time such payments are accepted. If each Pcnodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unappllcd Innis. Lcndcr may hold such unapphed funds until Borrower makes payments to bring the Loan current_ If Bormwcr does not do so within a reasonable period of time, Lender shall either apply Such funds or etun them to Borrower. If not applied earlier, such funds will be applied to the outstanding principal bulnncc tiller the Note iIomcdiatcly crier to foreclosure. No offset or claim which Borrower might hasu now or in the future against Lendcr shall relieve Borrower from making payments due wider the Na1c slid 11111 Security Instrument or performing the covenants and agreements secured by this Security Instrument. 2. Application al' Paymmnts or Proceeds. Bxucpl as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the fallowing order of priority: (a) interest due under the Note: fh) priueipal duc under the Note; (c) amounts due under Section 3. Such payments shall be applied ro caoh Periodic Paymcnt in the order in which it became due. Any remaining amounts shall he applied first to late charges, second to any other umounlS duc under this Security Instrument, and then to reduce the principal 14ha11Ue of the Note. If Lender rccciycs a pm ment from Burrower for a delinquent Periodic Payment which includes a sufficient amount ro Pay au' late charge due, the paymcm may be applied to the delinquent payment and the late charge- 11 mule than line Periodic Payment is ouu'mnding. Lender may apply any payment received from Borrower m the rcpro9ulm of the Periodic Payments it, and to the extent that, each payment can be paid in full. To the cxmnt that any cxcese exists after the pay men is applied to the full payment of one or more Periodic Wrr nxnrs, suds excess may be applied to env Ism charges due. Voluntary prepayments shall be applied first m .nn prepm IIant charges and then as descrbed in the Note. Any apph¢uI,,; of pav meets_ Insurance proceeds, or Miscellaneous Proceeds to principal due under 1111 Note shall nw esmnd ur 1)o11p1l 111 the due dllle, or cheuuc the amount, of the Periodic Payments. 3. Fends fur I!ncma hems. Borrower shall pay m Lender on the day Periodic Payments are due under the Note, until the Note is paid hs full, it stun (the "I- unds ") to provide for payment of amounts due Col. (a) taxes and assessments and other imms which can aualn priority over this Security Instrument as a lien nr encumbrance on the Propertn: (b) leasehold paymcnls nr ground rents on the Property, if any, (e) premiums for :roc and Al HlLoelso required by Lendcr under Section 5: and ob Mortgage Insurance 4=-81NEl iuuos F-4it i. � r � Form3028 1/01