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Home My WebLink About0965 U\It t)RM C11~'F'~A~7S Borrower and Lender cu~en~nt and .igree as folk~wti: . , 1. Yayment of Principal and Interest; Prepa}~ment and I.ste CharRes. 13~rruNer ~hall ~rumptl~ ~:t~ ~~hrn .fur thr prinripal of ancf interest on the debt evidenced by the Note and any prepc?~ ment and latc rh.if~C~ due un~er ihc \utr. 2. Funds for Taxes and Insuranee. Subject to applicable law or to x written ~~ai~ er by l.en~ier, B.~rrc~~crr ,hall p.i~ to Lender on the day monthly payments are due under the Note, until the Nute is paid in t~ull, a~um ("Fund~") ryu.tl tu une-twelfth of: (a) y~~rly taxes and assc~smrnts which may attain priarity o~er this Securit~~ Intitrunirnt; (h) }r;+rl~ leasehold payments or ground rents on the Propert~•, if any; (c) yearl~~ harar~l insuranre ~remiumti; ane! ~rarl~ mortgage insurance premiums, if any. These items are called "c~crc~w~ :tem~." Lendrr ma~~ e~timatr thr Fun~s due ~m thr hasis of current data and reasonable rtitimatrs of future escruw~ items. The Funds shall be held in an institution the de~sits or accounts of w~hich are in,urrd ~~r guar.?nteed M a f~drral ~~r state ugenr~• (including Lender if Lender is such an instilution). Lender tihall appl~~ thr f~un~1~ t~~ ~a~~ the es~r~~~~ itrm~. Lender muy not charge for hofding and applying the Funds, anal}r.ing :L~ account or ~eri`~•ing the eticro~~ itern,, untr,~ Lender pay~s Borrow~er interc~t on the Funds and applicable law~ permitti [.ender tc? make such a rh~rge. Burm~~er an~i Lender ma~• agree in w~riting that interest shall be paid on the Fund~. Unless agrrement iti madr or applicablr la~~ r~yuirn intrrest to be paid, Lender shall not t~ required to pa~~ Borro«er an} interett ~~r earning~ e~n the Funds. L~n~rr shall gi~e to Borrower, without charge, an annuat acc~,unting of the Fur.ds iho~~ing creditti and dehits tu the Fund~ and thr purpose fur ~chich each debit to the Funds w•as made. The Fund~ are pledged as additie~nal securit}• f~~r thr,umti se~~red b~ this Securiri~ lnstrument. If the arnount of the Funds held by Lender, together w~ith the future munthl~~ pa~ments of Fund~ ps~able ~ric~r t~~ the due datc~s of the escrow• items, shall exceed the amount reyuired to pa~~ the ~,cruw• itemti w~hen due, the rxrr~~ shall br, at E3orro~~•er's option, either promptl~~ repaid to Borrower or creditrd to i3orro~~~er un mc~nthl~~ ~a}~ment1 c~f Fund,. lt th~ amount of the Funds held by Lender is not suffirient to pay the escrow~ items w~hei: due, Borrc~~~er shall ~a~ t~ Lender an~ 3mount n~cessar~~ to m~ke up the deficirnc}~ in one or more pa}'ments 3s rryuired b~~ Lender. Upon pa~~ment in full of all sums secured b}~ thi~ Security Instrument, Lendrr shall prom~tl~~ refund to Borra~~er an~ Funds held by Lender. If under paragraph 19 the Property is sold or arquired b~ Lender, Lender shall appl~. nc~ later than immediatel~~ prior to the sale ot the Property or its acqui;ition b}~ Lender, any Funds held hy Lender at the time c~f application 3s a credit against the sums securrd b~~ this Security Instrument. 3. 4pplication of Payments. Unlc~s applicable law~ provides otherw ise, all pa} ment~ rerei~~ed b} L.rnder under paragraphs 1 and 2 shalt be applied: first, co late charges due under the Note; second, to prepa~~ment rharges d4~~ under the Note; third, to amounts pay~able under paragraph 2; fourth, to interest due; and last, tc~ princip~l due. 4. Charges; Liens. Borrow~er shall pa}~ all tases, assessments, charges, fines and im~~sitic~ns attrihutable t~~ the Pru~rt}• w~hirh ma}• attain ~riorit~~ o~~er this Security Instrument, and leasehold pa~~ments or ground rcnts, if an~. Borrow•er shall pay~ these obligations in the manner provided ~n paragraph 2, or if not paid in that manner, BorroHer ~hall pay them on time directl}~ to the ~rson ow~ed payment. Borrower shall promptl~~ furnish to Lender :~11 notices of amount> t~ be paid s:nder this paragraph. If Borrow•er makes these payments dircrtl}~, f3orro~~er shall ~rompth• furnitih to I_ender rerei~ts evidencing the payments. E3orrower shall promp[I~~ discharge any~ lien which has priority~ o~•er this Securit~ lnstrument unless i3~~rrn«cr: (a) agrees in writing ro the pa}~ment of the obligation serurecl by the lien in a manner acceptable tu Lender; (b) contests in go~xi faith the lien b}~, or defends against :nf~rcement of the lien in, legal proceedings w~hich in the 1_ender's opinion operate tc~ pre~•ent the enforcement of the lien or forfeiture of any part of the Property; or (r) tiecures from the holder of the lien an agreement satisfactery to Lender subordinating the lien to ~his Securit}~ [n;trument. If Lender determines that an~~ ~art ~~t the Pro~rt~~ is subject to a lien which may attain priorit}~ over this Serurit}~ instrument. Lender ma~~ ei~e Borro~~er a notire identif}~ing the tien. E3orra~ti~er shall satisf~~ the lien or take one or more c~f the actions set furth abc~~e within 10 da~~~ ~~f the gi~•ing of notice. ~ 5. Nazard Insuranee. Borro«~er shall keep the improvements nc~w eristing ~~r hercafter erected c~n the Pro~ert~ insured against l~~ss b}~ fire, hazards included within the term "extended rn~~erage" and an~~ other hazar~lti f~~r c~hich Lendcr reyuires insuran~e. This insurance shall be maintained in the amounts and for the ~eriods that Lender reyuirrs. ~The insuranre rarrier ~ro~iding the insuranre shall be chosen by Borrow~er subjert t~~ I_ender't a~~rc~~al ~~~hirh .hall «vt be u~rrax~nabl~ ~rith!:°l~3. All insuranre ~licieti 3nd renew~als shall be acce~table to Lende~ and shall in~lude ~ titanJard mortg~ge clau~e. I_ender shall ha~e the right te~ h~ld the policies and rene~~~als. If Lender reyuires. Borm«er thall ~r~,m}~tl~ gi~e tc~ I.ender q all rerei~ts ~~f paid premiums ~nd renewal notices. In the e~~ent of Iass. Borrc~:+er shall ei~e ~rompt notire tc~ the in~ur~n~:~ ~ rarrier and Lender. Lender ma~ make pra~f ~f loss if ni~t made promptl~• b~~ Borr~~~~~er. Unless I.ender and Borrower otherw ise agree in a~ri!ing, insurance proceeds shall he applied te~ re~tc~ratic,n c,r re~air ~ of the Pro~ert~~ damaged, if the restoraticm or repair is ecunomically feasible and Lender'ti ~ecurit~ i~ ne~t le~sened. If the ~ restc~rstic,n ~r rr~air is not eronnmicall}~ feasible ~r Lender's securit}~ «ould be lestiened, the insuranre ~roreed~ ~};all h~ ~ ap~lied tc~ the ~umt secured by this Security Instrument, w~hether or not then due, with an~ excetis paid t~~ Bi~rre~~~er. [f ~ Barrcnrer abandons the Propert}~, or does not answ~er within 30 days a notice fr<~m Lender that the insuranre ~arrier ha~ ~ c~ffered to settle a claim, then Lender ma}~ collect the insurance proceeds. Lender ma~~ use the ~roceeds t~, re~+air or rrtitore the Propert}~ or to pa}~ tun~s secured h~• this Securit}~ [nstrument, w'hether or not then due. The 30-da~ peri~~d tiill hegi~~ ~ ~hen the noti~e is gi~en. ~ L'nlesti l.ender and Borrower otherw ise agree in riting, an~ a~~ltcatinn ~~f ~rc~.eed~ te~ principal `hall nc~t e~teitid ~~r ~ po~t~+one the due date ~~f the monthl} ~:a~~ments referred tc~ in ~aragra~hti 1 and 2 c~r rhange the am~,unt i~f the ~a~mrntti. If ~ under paragraph 19 the Propert~~ is acyuired b} Ler,der, Borrower's right to an~ imurancr ~cilirirs and ~r<~ceed~ re,ulting ~ frnn: dama2e tc~ the Pmpertt ~rior to the acquisition shall pa~s tu Lender to the extent c~f the ~ums secured b` thi~ Se~urit~ Instrument immed~atel} prior to the ary~~isition. ~ b. Preservation and ~taintenance of Property; Ixaseholds. B~rrower ~hall nut destmc, damage ~,r ~i~h.tantialf~ ~ chanke the Yro~ert~, allo«~ the Propert}~ t<~ deteriorate or cammit ~~atitc. If thi~ Sec~rit~ ln~trument i~ ~~n a 1~asehuld. - f3~~rm«er shall cc~mpl} ~sith the ~ro~isi~ns c~f the lease, and if B~~rmHer arquires fee title tc~ [he Pro~ert~~, th~ le~?,~h~~ld ancl - fee title ~hall not merge unfc~ti Lender agrees te~ the merger in a riting. 7. Protection of I.ender's RiRhts in the Property~; ~tortga~e lasurance. If B<~rrc~~~er failti t~~ ~erti~rm thr ~~nettantt ~nd agreements r<~ntained tn thiti Secur.t} Instrument, c~r there ~ti a legai ~mcc~cling that ma~ ~i`~nifi~antl~ ;~ff«t 1.ender'~ rights in the Prc~pert}~ Isuch 3ti a~roeeeding in bankru~te}. ~rohate, ti~r c~~ndemnatic~n ~~r tc, enfe~r~r lati~ti ~~r ~ regulation~), then Lender ma} ci~ and E~a~ for :+~hate~er i~ necessan tc~ ~mtect the value <~f the Prc:}~ert} and Lenel~r'~ richt~ ~n the Pro~ert}. Lrnder'ti acticm~ ma~ inrlude pa~~ing a?~} ~ums ~ecured h~ a lien ~~hi~h t~a~ ~rie,nt~ i~~er thi~ S~cunts e r Instrument, 3F1(1tlflllg lIl court. ~a~ing reas~~nahle attorne}s' fe~s and entermg c,n the Pr~~~ert~ tc~ make re~airti. -11th~~ukh ~ Lender ma~ take a~tic~n under thi~ ~+aragraph 7. I.ender dc~e~ n~~t ha~e dc, se~. ~ An~ arnc~unt~ ditihur,ed h~ Lender under [hiti ~aragraph' ~hall he~c~m~ additi~~n~al deht c~f R~~rn~~~er ~e~urcd h~ thi` Serunt~ Imtrument. l~nle~s Bc~rr<~~ce: and Lender agree i~~ ~~ther terrti~ i~f ~a~ ment. the~e am~~unt~ ~hall hear iiit~r«t fre~rn ~ the date c~f di~hunem~nt at the \~~~te rate an~i ~hall he ~a~~able. ~~~ith i~iter~~t. u{~t~n n<~n~e fr~~m t.~n~ler t~~ i3~~rrc~~~~er ~ rCyuetiting }~s) ment. ~ 6o~t~c P~c~ ~~3 ~ . v 5~..~.N .z...__.:tSTSaixs..~~i- m~ 3:.e~_ ,...a ~-i.~,~i- ~:e"~