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Home My WebLink About0930 i UNINORM (:OVGNANTS. tiurruwr~ .~nJ I.rndrr cu~~rnant an~i ,i};rrc .~s fulluw~~ 1. Payment of Principal and Interest; Prepayment and l.ate Charges. Hurruw~cr ~h.ill prumr~l~~ ~ay w•hrn ~1uc ~hr ~rincipal uf and intrrest un thc dehe ~videnced by th~ N~~te and any prepayment an~1 lau• cha~~;es.lur un~tr~ ~hr Nu~r 2. Funds for 1'axes and lnsurance. tiubjece w applic;~ble law• ur tu a writern w.+i~~rr h~~ Lender, t~urruwrr sh.~U p.?y ~u I.rndcr un [hr da~~ mun~hl~~ paymen~s ~rr duc undrr thc Nutr, until thr N~~tr is p.~i~! in full, a~um i"t~un~ts"? ryu.il a, ' unr-twcl(ch uf: ~a> y~c.?rly taxes and assrssmrnts whirh may atcain pri~,ricy uvrr this Srcuriry Instru~nrnr, (h) }•r.irly Ir.~srhul~l payments ur ~;~uund rents ~~n thr Pn~(x rty, if any; lc) yrarly har.?rd insur.~nre p~emiums: and Id) y~arl~• nwrt};a~;r insurance prrmiunts, if uny. These items are ca11rJ "escn?w itrms." Lendrr ma~~ estimate thr l~unJi due u~ thr hasis uf cur~rnt ~1at., un~1 ~rasunahlc cstimatcs uf futurc escruw items. The Funds shall be hcld in an insticu~iun th~ deFx~sics ur aca~uncs ~~f which are insu~rd ~~r };uar~n~rrd h~~ a frdrral ur seaer aKrncy ( includin}; I.ender if l.enJer is such an institutionl. Lender shall apply the Funds u~ pa~~ th~ rscruw i~ems. Lrnder may nut charge f~~r holdin~ and applyin~ the Funds, analyzin~ the ~ccuunt ur ~~erifyin~; the escn~w~ items, unless Lrndrr pay~ H~uruw~rr interesc un thr Funds and applirablr law permits I.ender tu make such a ch~r~;e. tW~rruwer and Lcndrr may a firec in writing ehat inceres~ shall be paid un the Funds. Unlcss an a~;recmene is made or applicablr lav?• rrquires in~errsc ~u tx p.~i~l, I.rnder shall not be required tu pay Borruwer any interest ur carnin~s un thc l~unds. Lrndrr shall ki~•r ni 13orr~,w•cr, withuut chur~;r, an ~nnual aa~?untin~ u( the Funds shuw•inkrredits and drbits n? chr Funds and the pu~~xur fur w~hich each dtbit a~ thr t~unds w•as made. 1'he l~unds are pledged as additiunal securiry for ehe sums secureYl by this :iecurity Ins[rumrne. !i che amount of chr Funds hrW by l.ender, cokecher wich che future munthly payments o( Funds payablc priur ~u thr ~lue Jatrs uf the escruw items, shsll exceed the am~wnt reyuirrd to pay the escruw items ~vhen due, the exa•ss shall tx, ae Burrou~rr's option, either promptl~~ repaid ~o Borrower ur crrditrd to E;orruw•rr un m~mthlp payments uf Funds. If thc amuunc u( che I~unds held by I.ender is not sufficient to pay the esrruW~ itcros whcn duc, Burruw~cr shall pa~~ u? Lendcr an}' amoun[ nc~cessary ~u make up che deficiene~y in une ur mure ~-.ayments as reyuired bp Lrnder. Upun payment in full o( all sums serured by this Sccurity Ins[rumcnt, Lendcr shall ~rumpcly refund tu ti~?rruw~cr an}~ I'vnds held by l.endrr. If under para~raph l~) thr PruExrty is sold ur acyuired b~• l.ender, Lrndrr shall applp, nu later than immediatcly priur u~ che sale uf the Propercy ur i[s acquisitiun by Lendcr, any t~~~~is t~~i~ hy Lendrr at the timc~~f applirati~~n as a credit :~gainst the sums secured by ~his Security lnscrument. 3. Application of Payments. Unless applicable law pruvides u~heru•ise, atl p~ymen~s recei~~ed by I.ender un~ler par~~;raphs 1 and 2 shall be applied: first, to late charKes duc undcr che Nutr; sea~nd, cu prepa~~menc char~;cs dur under thr Nutc; third, tu ~mounts puyable unJer paragraph 2; fourth, tu intcrrst duc; and (ast, tu principa) dur. -f. Charges; Liens. Burruwrr shall pay all taxes, assessments, charges, fines an~f imEwsitiuns auributahle ~i~ ctie I'n?perty which may attain priority ovrr this Security Instrument, and lcaseheild pay~ments or ~;ruund rents, if an~•. Hurruw•er ' shall pay thesc oblig~tions in the manner providcd in parakraph 2, ur if not paid in that manner, IlurruK•rr shall pa~~ thcm un ~ time directly tu the person uwed paymenc. t~urrower shall promptl~• furnish tu l.ender all ne~tites ~~f amcw~cs tu be paid undrr this para~;raph. !f B~~rruwer makrs these payments directly, Hi~rre?wer shall prumptly~ furnish to Lender rrceipts e~~i~lencin~ ~ the paymcnts. ~ Borruwer shall promptly discharKe any lien w•hirh has priurity over this Securit~• Instruincn~ unlrss Burri>w•rr ~a~ a~;rees in w~riting to the payment uf the ubligatiun serured by the lien in a manner acteptable tu Lendc r, lb) cuntests in ~;ix>d faith the lien by~, or defends :~gainst enforcement of the licn in, legal pnxeeclin~;s which in thr l.ender's <?pinion operaec tu pre~•ent ~he enfurcement uf the lien or furfeiture ~~f an~• part uf ehe Propert~~; or (c) secures frum the hoWer i~f che lirn an agreemenc sacisfaccory to l.ender suburdinacinK the lirn cu this Security Instrument. lf Lender detc rminrs chat any p:~rt u( thr Yroperty is subject tu a lien w~hich may aetain priurity u~~er this Secoritti~ Inserument, Lender ma}~ Kurruw•er a ne~tire identifying ~he licn. Burn>wer shall satisfy the lien or take isne ~~r mure uf thr actiuns set furth abi?~•e w•ithin 10 d.~ys ~?f chr givin~; of nutice. 5. Hazard lnsurance. Burruwer shall keep the impruvemen[s nuw existin~ or here:~fter erer~ed un thc Yro~ert~~ insured against loss by firr, haz~rds included wirhin the term °extended cuver:~ke" and an}' ~~ther hazards fur K~hich Lender requires insurance. This insurance shall be maintained in the amounts and fur the periix~s ehat Lender requirrs. Thc insurance carrier providin~ the insurance shall be chosen by Aorrow•er subject tu Lender's appru~':~I which shall nut be unreasonably wichheld. ' All insurance ~~licies and renewals shall be acceptable to Ixnder and shall includr a standard mure~;a~e clause. L.ender ~ shall have the right to hold the policies and renewals. lf Lender requires, Burruwer shall prompely bi~~e ~u I.ender all receipts of paid premiums and renewal notices. In che event uf loss, Borrower shall give prompt nucice tu ehe insurance carrier ~nd l~nder. I.ender may make pr«~f of loss if not made promptly by &~rrower. Unless [.ender and Borrower otherwise agree in writing, insurance pn~creds shall be applied tu resturatiun ur repair uf the Yroperty damaged, it the restoration or repair is economically feasible and l.ender's securicy is noc Iessened. !f the - restoration or rep:~ir is noc economically (easible or Lendei's security wuuld be lessened, che insurance pr~xeeds shal) be ' applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Burrower. If ` fiurrower abandons the Yroperty, ur di~es not answer within i0 day~s a nueice from Lender tha~ the insurance carrier has uffered to settle a claim, then Lender may collect the insurance pnxeeds. I_ender may use the pn?ceeds to repair ~~r restore che Property or co pay sums secured by this Security Instrument, whether ur not then due. The ~0-day Fxriexi will begin when che notice is given. Unless Lender and Horrower othcrwise agree in writing, any :~pplication uf pr~xeeds tu princip~l shall nut extend ur fx~stpone the due date of the monthly payments referred tu in paragraphs I and 2 or chanKe ~he amuunt uf the paymencs. If unJer paragraph 19 the Pruperty is acquired by l.ender, Borrower's right to any insurance ~~licies and proceeds resultin~; fn~m damage to the Property prior to the acquisitiun shall pass to Ixnder tu ehe exrent of the sums secured by this Securitp ~ Ins~rument irr~nicdiately prior to the acquisicion. t 6. Preservacion and Maincenance of Property; I.easeholds. &~rmwer sh:~ll nut destroy, damage or substantiall~~ change the Property, alluw che Property ~o deeeriorace or commic wasce. lf this Security lnscr~menr is on a Ic~sehi~ld, Born~w•er shall comply w~ith the pruvisiuns uf the lease, and if Borrower acquires fee title to the Yroperty~, the leasehold and fee titlr shall not merge unless l.ender agrees to the merger in writing. 7. Proteccion of Lender's Rights in the Propercy; Mortgage Insurance. If &~rrower fails co perfurm che covenancs :~nd agreements contained in this Security Instrument, or there is a le~al proceeding ehae may significantly affect Lender's rights in the Pruperty Isuch as a prexeeding in bankruptcy, probate, forcondemnationor [oenforce lawsor regulatiuns), then Ixnder may du and pay for whatever is necessary to protecc the value uf thc Property and Lender's righcs in ~he Properry. l.ender's actions may include paying an~• sums secured by a lien whrch has priority over this Security Instrument, appearing in courc, paying reasonable accurneys' fees and entering on che Property ro make repairs. Although l.ender may t:~ke accion ~ under chis paragraph 7, Ixnder does nuc ha~•e co do so. My amounrs disbursed by Lender under this paragraph 7 shall brcome additional debt of Borrower secured by chis Security Instrument. Unless Borrower and Ixnder agree to other cerms ~~f payment, these amounts shall bear interest frum the datc of disbursement at the Note rate and shall bc payable, with interest, upun notice from I.ender tu Borrower requesting payment. $~0535 PA~0930