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Home My WebLink About0952 . ~ l'~It ~~Ft~1('~~~ t~,~~ 1~ Hurr~~H~r and l.Lndrr r~~~~nan[ anc3 agr~r a. tc,IluW, , 1. Yapmrnt of 1'rincip~l and Interest; Prepayment and l.ate C'harkes. f3~.rn~~rr .h~li ~~n~m~~tl~ ~a} ~~hcn uuc ;hr {~nn~i~,al ~~f an~i ~ntere~t ~,n the drbt r~ i~ir~~~•r~i by the '~'c~te arid any prrpay rnrnt anei latr chargr~ dur un~lrr t1;r \~,ir. 2. Funds fur Taxes and lasuranee. Sub~rct to appl~rahle law or ~e> a w nttrn uai~cr h~ L~nJ~r, l3cur.~~tirr,tiall s~.~~ ti~ l.e~~~ier un tht day n~onthly paymrntti are due under the tiote, unt~! the ~OIC U~1~11(~ 111 IUII, a~um ("F~~i~~~") ryual t~~ unr-twelfth :>f: (al yrarty t~xrti and atitietitmrnts which ma} attain pric~nl) ci~rr thiti Srrurit~ imtrumrnt: (h1 ~~,~rl~ lea,ehold p.i}mrnts or gniund rentt on the Pro~xrty, if ~ny; (r) ~~arly hacard in~ur:~nrr pr~mium~, and (d) ~rarl~ mortg~ge ?ntiuranre ~rcmiums, if anp. Theu items are ralled ~~tSCft~t~" Ittf(1~.~~ I_en~rr mai e+tim~tr ti~r Fund~ ~iur un thr tsu~is of current data and rea~onablr estimatr~ e~f fut~re escrow itrms. The Funds tihall be held in an institUtion the deposits or account~ of ~vhich are in~urrd c~r guaranteed b~ a frderal ~~r state agency (including Lender if Lender is sucti an institution). Lender ~hall 3ppt~ thr Fw~d, t~~ ~a~ thr r,rr~-w it~m,. Lender ma} nut charge for holding and appl}~ing the Funds, analyzing the ~ccoum or ~rrif~~ng the rti~n~w ~t~mti, unte~ti ~ender pays Aarrou~er interc~t on the Funds and appticablr la:~• permit~ Lender to m:~ke wch a ch~rgr. 8orrowrr anu Lrndr; ma} agree in w~riting that interest shall be paid on the fiunds. lJnle» an agrrrment madr ~~r applirablr laH rrquires interest t~ t~ paid, Lender shail nt~t be required t,n pay~ BorroHer any interrtit c~r earning~ i~n the Fund.. l.en:l~r ~hail gi~e t~ Borrower. without charge, an annual :;ecounting of the Fur.~.1~ ~how~ng rredit~ aitid debit~ tc~ the Fund~ cind thr ~:urpose for H hich rach debit to the Funds wa. made. The Funds are pledged :+ti addiii~~nal ~rcurity fc~r thr ,ums `rcurcd h~ this~ecurity Ir~strument. If the amount of the Funds held by Lenc~er, together with the future monthl~ p~~~ments of Fundti pa~able pnc~r t~~ the due dates ~f the c~cro~~~ items, sh~11 excee~+ the amount required to pay the e,~row ~tems when due, th~ exce~~,h.+.ll br, at B~~rro~~er's option, either promptl~ repaid to Borrov•er «r credited to Borrower ~~n monthl~ pa~ment~ uf Fundti. If thr amoum .~f the Funds held by Lender is not tiuflicient tcj pa~~ the escrow• itemti ~•hen due, Borrowrr tih~ll ~a~~ tu Lrnder :~n~ amount necessary to make up the de~ciency~ in one or more payirrnts as reyuired b}~ Lender. U~n payment in full of all sums secured by this Security Instrument. Lender shall prom~tl~ refund t~ Rorruwer any Funds he)d by Lencier. If under paragraph 19 tfie ~'roperty i~ tiold or acyuired b~• Lendrr, Lender shall appl~, nc~ later than immediatel~• prior to the sale of the Property or it~ acquisition b~• Lendrr, an~ Fund~ hrld by Lendzr at thr t~me uf 3ppfication a~ a credit ag:~inst the sums tiecured by this Security Instrument. 3. Application of Payments. Unless appiicable law provides oth~rHise, al! pstment~ recci~ed by l.ender undrr E~ar;~graphs 1 and 2 ihal) be applied: first, to late charges ~ue under the Nate; sec~md, to ~repa} ment charges due under the ti~~te; third, ro amaunts payable under paragraph fourth, to interest due; and last, tn prinri~~l due. 4, Charges; l.iens. Sorrow~er shall pay all tases, assessments, charges, fines and im~sitions attri~utable t~~ the Property ahich ma~~ attain priority over th~s Security Instrument, and leasehold pa~mrnts or ground rentti, if an~. Bormw~er shali pay these obligations in the manner provided in paragraph 2, ~r if not paid in that manner, 8arro~er shall ~ay them on time direcely to the person c~wed pa}~ment. Borrower shal! promptly furnish t~> Lender all noticei of amountti te~ be paid under ihis paragraph. If Borrow~er makes these pa}~ments directl~•. Borrower sh:~ll prt~mptly~ furnish to Lrnd~r ~ receipts e~•idencing the pa}•ments. Bixmwer shall prc,mptl}~ discharge an. lien w•hich has priority o~er this Securit~~ Instrument un(esti Bc~rr~~uer: (a) agrers in w~riting to the pa}~ment of the obligation secured by the lien in a manner acceptahle ta Le~der; (b> rontests iR g~x~c1 faith the lien b}, or defends against enforcement of the lien in, lega! proceedings whirh in the Lender'~ ~~~ini~m o~erate to ~reti~ei~t the enforcement ~f the lien or forfeiture of any~ part c~f the P~o~rt}; or (c) securr~ imm thz holder ut the lien an agreement satisfactor~~ ~o Lender ~ubordina?ing the iien to this Security Instrument. If [.ender determine~ that an~ part of the Propert~~ is sub~ect to a iien w~hirh ma}~ attain priority over this Securit}~ Instrument, Lenaer ma}~ gi~e Borrower a ~utice identifying the lien. $orrow•er shal! satisfy the lien or take one or mure otthe :~ctions set fc~rth abene within 10 dati~ c~f the gi~~ing of r.otice. ~ ~ 5. Hazard Insurance. Borrot~~er shall keep the imprc~~ement~ no~ eri,ting ~,r hereafter erected cm the YroF+ert~ insured against loss by fire. hazards included within the term "extended re~~ erage" and an}~ ~~the~ h~zardti for w h~rh Lender requireti insurance. This insurance shall be maintained in the amount~ and for the prric~ds that 1_ender reyuireti. The insurance carrier pro~iding the insuranre shail be chusei b}~ Bo~row~er subjrrt to Lender'ti ap~m~al ~hirh tit~all not be unreasonabh• w~ithheld. All insuranre polic~es and renew~als chal! be arceptable to Lender and shal) inrl~ide a titandard mortgage ~Iautie. Lender shal! ha~e the right to hold tne ~liciei and renew•als. If Lender reyuires, Borrowrr ~hall promptl~ gi~e ta Lerider all receipts of paid premiums and renewal notices. fn the event of loss, B~rrou~er shali gi~e ~r~mpt n~t~c~ to the inwrance rarrier and Lender. Lender may make proaf of loss if not made promptl}~ by 8orrow~er. Unless Lender and Borrow•er otherw~ise agree in w~riting, inwrance proceeds shall be ap~lied to restnration or repair of the Propert}~ damaged, if the resroration or repair :s economlcal{y feasible and Lender's securit~~ is not lessened. If' the restaration or repair is not ero»omicall}• feasible or Lender's securit}~ w~ould t~e lessened, the insurance pr~xeeds shall be a~,plied to the sums secured h}• this Security Instrument, whether or not then due, with an}~ ercess paid ta Borrower. If Borrow~er abandons the Pro~rt}•, nr does not ans~•er w~itF~in 30 da}~s a notice from Lender that the insurance c~rrier has c~ffered t~ settle a claim, then Lender may collect the insurance prckee~is. Lender ma}~ use the prcxeed~ to re~air or restore the Propert~~ or to pa}• sums secured '03• this Security Instrument, a~hether or nat then due. The 30-da} Period wi11 be~in w•hen the ~otice ~s gi~en. Unless Lender and Borrow~er otheru~ise agree in w•riting, an} a~plication ~f prckeeds te~ princi~at shall not extend or ~tit~xme the due date ~~f the monthl} payments referred to in paragraphs 1 and 2 or change the amaunt of the na} ments. If under paragraph 19 the Propert~~ is acquired b}• Lender. Borrower'ti right to an}• imuran~e ~iicieti and prcxeeds resultir~g frorn damage to the Property prlor to the acquisition shall pass io Lender to the c:xtent of the sums cecured b~ this Serurit}~ instrument immediateh~ ~rior to the acquisition. 6. Preservation and ~'[aintenance of Property; I,easeholds. ~orrow~er shall not destro}~, damage or suhtitantiall~ changz the Property, allow the Propert~~ to deteriorate or commit a•aste. lf this Security~ Instrument is on a leasehold, Borrow~er shall comply~ w~ith the provisions of the fease, and if Borrow~er acquires f~e titie to the Propert}~, the leasehold and fee tit(e shall not merge untess Lender agrees to the merger in writing. 7. Protection of Lender's Rights in the Property; ~fortga~e Insurance. lf Borrower t'ails to perform the c~tienants and agreementc contained in this Securit~• Instrument, or there is a legal prcxeeding that ma}~ significantl} affeet Lender's rights in the Propert~~ (such as a p;oceeding in bankruptcy~, probate, for condemnation e~r to enforce lawti or regulaiions), then Lender may do and pay for whate~~er is necessar;• to protect the ~~atue of the Propert}• and Lender's rights in the Propert}~. Lender's actions may include payin~ any~ sums secured by~ a lien w~hich has prioritti~ o~~er this Securit~~ Instrument, appearing in court, ~a}~iRg reasonabfe attorney~s' fees and entering on the Propert}• to rr.ake repairs. Although Ler.der may take action under this paragraph l, l.ender does not ha~•e to do so. Any~ amounts disbursed by Lender under this paragraph 7 shall become a~ditional debt of Borrou~er secured b} this Sec~city Instrument. Unless Borrou~er and Lender agree to other terms of pa}~ment, these amounts chatl bear interett from the date of disbursement at the ;~`ote ratr and shall be pa}able, w~ith interest, u~n :,o~ice from Lerder to B~rrouer requesting payment. ~o~K510 ~?~E 952 r ...~..~....o...__:~....~-___.~ c. , _ ' ~ . . . , - . - ~z~. x~ _ - : _ . 1