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r <br />U"'C" COVBM"", Ibr 1 and Leder cOVettant and agree a, follows: 87-'- 102312 <br />Prhncip 1 o Of Pftdpd sad t rrA.Aysm"t std Late on debt evidenced by the Note gad an Borrower shall promptly pay when date the <br />!. F"6 fer Tt� 4" Mmes' SubjtCt to Y PreP+rYment and late charges due under the Not. <br />On the day month Applicable n or to a written waiver by Lender, <br />twelfth *f' (a) YA+itIY taxes es are due under the Note, untU the Note is paid in full, a atop ('•Fro shdtY to <br />Payments rx tpoud rents on the auserdtatq which' may attain priority over this Security Inatrutnent �•) eq to one. <br />PaAt)utm, `if any. Property, if AriY; !c) Yearly hazard insurance ' (b) Yearly Mold <br />And Y Thee keno are card ,-ego, item,." Leader may estimate premiums; iFu� due on the yfasb o mortgage current data <br />raaonabk estimates of future escrow items. <br />The (rocs shall a held is an Institution the deposits or accounts of which are Insured or guaranteed by a federal or <br />mate Agency t charge (e foring Lender if Leader is e F n institution). Lender shall apply the Funds to pay the escrow items. Lender <br />may not charge for holding and applying the Fonda, analyzing the account or verifying the escrow items, unless Lender pays <br />Borrower interest on the Funds and applicable law Permits Lender to make such a charge. Borrower and Lender may <br />writing that interest shall be paid on the Funds. Unless An agreement is made or <br />Lender shah not be required to Y agree in <br />pay Borrower any interest or earnings on the Funds. applicable (shall give o Borrower, lwithhoouut <br />charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to <br />the Funds was made. The Funds we pledged as additional security for the sums secured by this Security Instrument. <br />If the amount of the Funds held by Lender, together with the future month! of Funs payable prior to <br />due dates of the escrow items, shall exceed the Amount required to pay the escrow temsewhen due, the excess hall be, the <br />Borrower's option, either promptly repaid to Borrower or credited on monthly payments of Funds. If the amount of the <br />Flyds held by Lender not sufficient to pay the escrow items when due, Borrower shall ecessary to make up the deficiency in one or more payments as required by Lender. <br />necessary Pay to (ender an <br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower amount <br />Upon <br />by Lender. If ode paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than <br />Y Prior to the sale of the Property or its acquisition by Lender, any Funds held by Leader at the time of <br />application as a credit against the sums secured by this Security Instrument. <br />3. paragraphs 1dAahaiit applied: meats. Unless aPPlicable law provides otherwise, all payments received by Lender under <br />Note; third, to amounts Payable under Bat' to late charges due under the Note; second, to prepayment charges due ode the <br />Payable under Paragraph 2; fourth, se interest due; and last, to principal due. <br />4• l LkAS. Borrower shall pay all taxes, <br />Property which may attain assessments, charges, fines and impositions attributable to the <br />priority over this Security Instrument, and leasehold Payments or ground rents, if any. Borrower <br />shall Pay these the peiona in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall <br />time directly to the .person owed payment Borrower shall promptly furnish to Lender all notices of amounts to be paid under on <br />this paragraph. If Borrower makes these Pay them err <br />Payments payments directly, Borrower shall promptly furnish to Lender receipts evidencing the <br />Borrower shall Promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees <br />in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; <br />the lien 6y, or defends Against enforcement of the lien in, <br />the enforcement legal Proceedings which in the Lender's opinion operate is m good faith <br />ement of the lien i forfeiture oe any pan of the Property; or (c) secures from the holder of the Hen an a prevent <br />satisfactory to Ledo subordinating the lien e° this Security Instrument. If Lender determines that an <br />subject o a Mrn .which may attain agreement <br />Man. Borrower afaa;ll priority one this Security instrument' ma Y part of the Property is <br />satisfy the lien or take one or more of the Actions set forth above within 10 days of the giving of notice <br />' S' RAtArr! MAAtaee. Borrower shall keep the inn <br />agaigat bas by fire. hmes. included within the t Provemeats now existing or berafter eemad on the Pr <br />iasurat to This ' term "extended coverage" and any other h property insured <br />Insurance shall be maintained in the amounts and for the azards for which Lender requires <br />Providing the insurance shall be chosen by Borrower sub ea to Lender's pp loch that Lender requires. The insurarntt carrier <br />sFall have i insurance Policies and renewals shall be acceptable to Lender sndshall inc include Bhal not be unreasonably withheld. <br />right o bold the policies and renewals. If Lender requires, Borrower shall standard mortgage clause. Lender <br />Of Paid Premiums and renewal notices In the event of loss. Borrower Promptly give to Lender all receipts <br />Leader. Lender may make proof of loss if not made shall give prompt notice to the insurance carne sated <br />Unless Lender and Borrower otherwise Promptly by Borrower. <br />the Property damaged, it the restoration or repair in writing, insurance Proceeds shall be applied to restoration or repair of <br />restoration or repair is not economically air is economically feasible and Lender's omicall feasible or Lender's security would be lessened, the terms If the <br />Applied to the sum secured by this Security Instrument, whether or not then due, with en <br />Borrower Abandons the Pr P proceeds shall be <br />Offered to settle a claim. then or does not answer within 30 days a notitt from . Lender thatcthe paid <br />insurancee carrierrhas <br />hen Lender may collect the insurance proceeds. Leder may use the proceeds to r <br />the Property or to Pay sums secured by this Security Instrument, whether or not then due. The 30-da <br />the take is given. epair or re hen <br />Y Period will begin when <br />pom the d date of cf�moncr otherwise Agree in writing, any application of proceeds to principal shall not extend or <br />uder Paragraph 19 the Pr Y Payments referred to in paragraphs 1 and 2 or change the amount of the <br />°Deny is acquired by Lender, Borrower's right to any insurance Payments. If <br />flan datwye to the Property Prior to the acquisition shall Policies and proceeds resulting <br />ln" -m*m immediately Prior to the acquisition. PASS 10 Lender to the extent of the sums secured by this Security <br />the �O Yr� � Y�to M" of Proport omrtu��. IBorrs wer shalllnstrdmenty, a a leasehold, Burr <br />coAnpiy with t Provisions of the age se old, orrow change <br />merge unless Leader lease, er i if Borrower acquires fee tick to the Property, the leasehold and fee title wen shall <br />7• irrAlseNAA agrees to the merger in writing, shell not <br />a�eMAeAts coataittsd is t�•s eta M the Property; Mertpga IMtiraAce. If Borrower fails to <br />Security lamtument, or there is a legal proceeding that ma si frcantl� affect he covenants and <br />the ProPAnY (such as a proceeding in bgnkru Y gni <br />say ib and !»Y for ptcy. Probate, for condemnation or to enforce laws err rc ffe tion nder ssnrigende <br />makins <br />ray IAClude PAYiag any su rto basclien which hauthe Property and Leder's rights in the Pro the value of PAYit� t onabk Attorney's fees and secui Priority over this Security Instrument, a Deny Lender's <br />paragraph 7 Uder doer have to don�on Properly to make repairs. Althou h DPeAring in court, <br />Y amounts disbursed b t Lender may take action under this <br />additioAd debt of Borrower secured by this Security Instrument. Unless Borrower ander i.this Paragraph 7 sh <br />paYrivat, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, withl err co <br />upon notice fran ,tree to other terms of <br />Lender to Borrower requeatint payment. <br />J <br />h <br />R <br />