200905993 - Laserfiche WebLink

Browse

200905993 BOI7ROWER COVENANTS that Batxower is lawfully seised of the estate hereby conveyed and has the right !o grant and convey the Property and that the Property is unencumbered, except far encumbrances of record. Borrower warrants and will defend generally the tide to the Property against all claims and demands, subject to any encumbrances of record. THIS SEGUI2ITY INSTRUMENT combines uniform covenants for national use axed non-uniform covenants with limited variations by jurisdiction to constitute a uniform security instrument caverIng real property. UNIFgiZM COVENANTS. Borrower and lender covenant and agree as follows: I. Payment of Principal, Intrxr~t, Escrow l`tennaa, Prepayment Charges, and Late Charges. Harrower shall pay when due the principal nf, and interest an, the debt evidenced by the Note and any prepayment charges and late charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this Security Instrument shall be made in U.S. currency. However, if any check ar other instruxrtent received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lettder may require that any or all subsequent payments due under the Note and this Security Instrument be made in one ar more of the following farms, as seleMed by Lexader: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; ar (d) Electronic Iiunds Transfer. Payments are deemed received by Leader when received at the location designated in the Note or at such other location as rosy be designated by Lender in accordance with the notice provisions in Section 15. Lender may return any payment or partial payments if the payment or partial payments are insufficient to bring the Lvan current. Lender may accept any payment or partial payment insufficlent to bring the Loan current, without waiver of any rights hereunder or prejudice to its rights to refuse such payment or partial payments in the future, but Lender is not obligated tv apply such payments at the time such payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender need not pay interest on unapplied funds. Lender may bald such unapplied funds until Borrower makes payment to bring the Laan current. If Borrower does not do so within a reasonable period of time, Lender shall either apply such fonds or return them tv Borrower. If not applied earlier, Bach funds will be applied to the outstanding principal balance under the Note immediately prior to foreclosure. No offset or claim which Borrower might have now or in the future against Lender shall relieve Borrower from making payments due under the Nate and this Security Instrument ar _ performing the covenants and agreements secured by this Securltyy Instrument. 2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, atl payments accepted and applied by Lender shall be applied in the followlrtg order of priority: (a) interest due under the Note; (b) prinncipaN due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Feriodic Payment in the order in which it became due. Any rexxuaining amounts shall be applied first to late charges, second to any other NSBR 4.5tCA - Stagle PamUy --Pweie Mw~Pred~e]~ac UHIPpR1~[ II1S7Ara~1'i' Potm 3dde ccc - ~3azs.oa fa9ioxl ~~~~ a ori9~ tom: