The URL can be used to link to this page

Home My WebLink About0941 ! UNIFORM (:l)V!:[~lAN7':?. lk:rruwer anJ Ixndcr cuvrnanc and .~x~rr u fulluws. 1, P~yment of Principal ond lncrrest; Prcpaymer~t and l.ate Cha~ges. 1i~>rruwrr sh~ll Tru„~pcly E~ry w•hrn ~iur ~hr pr~nNpal uf artd interrst cm the deht eviJcnrc~l by the Nutc an.) a~iy prcp~yment and I~rc cha~}~cs duc u~.irr thc Nutr ~ 2. Funds for Taxes and lnsurance. 5ubja~ to applicable law ur iu a c+riztcn wa~vcr by Ixndrr, F1i~rruwer shall pay tu t.cnder un the day mu~thlr paymcnts are dur under the Nute, un~il ~hr Note is p~id in full, r sum 1"f~unJs") cyuat cu ~me-~welf~h ot: ~a} yearlj~ cazcs and :~ssessments whirh may ac~ain ~ riuriry uvrr this Srcuricy I~scrumrnc; ~b) y~rarl~• leasrhulJ paymen~s ur A~uund re~ts un ~he Prupercy, i( any; tc) yea~ly hazard in.cur~nce premiums; and (d) yearly murtg.+Ke insura~cr premiums, if any. These items are called "escrow i~ems." Lender may estimate the hunds due un the basis uf current data and reasonable estimates of future escruw items. The Funds shall be held in an insticutiun the deposi~s ur accuunes uf which are inw~eJ ur gua~anteed by fe~irral or , s~ate agen~y (including l.ender if l.ender is suth an i~scitueion). Ixnder shall appfy tht Hunds cu pay cheesca,a• items. l.ender ma~ nut charge (or holding a~d applyinR che Fu~ds, analyzing thr account ur ve~ifying the escruw i~ems, unless l.endrr pays Uurrc~wer interest un the Fu~ds and applicable law permits I.enJer ro make such a charge. Burrowec and I.ender may agree in writing chat intcrest shall be paid un ~he Funds. Unless an agrecmenc is made ur applicable law requires interesc co br paid, l.ender shaN not be requiced tu pay &~rruwer any inceresc or earnings un che Funds. t.ender shall give eo &~rruwer, wichou~ , charge, an annual accuunting uf ~he I~undi shuwing crec~i~s arxi debits eci the Funds and ~he purpose fur which each debic u, ehc ~ Funds was made. The Funds are pictilged as addiciu~al securiey (or the sums secured by ehis Securicy Inserumene. lf chr amaunc of the Funds held by Lender, together wich the future monthly paymencs of Funds payable prior to the ? duP ~laees uf ~he escruw items, shall exceed the amounc required a> pay che escrow icems wiie~ due, che excess shall be, ae Isurrower's upcion, eichrr promptly repaid co &~rrower ur creJicecf cu &~rruaer on munchly pa~mencs uf Funds. If che amuu~t uf the Nunds held by Lender is nc~t sufficienc co pay the estruw ieems when due, Burrc?wer shall pay cu I.ender any amounc necessa~}• to make up the deficiency in one or more paymencs as required by lxnder. Upon payment in full of all sums securec! by this Seruricy Inscrument, l.ender shal! prompcly refund tu Borrower ~~y Funds held by Lender. If under paragraph 19 the Pruperty is sold or acquire~i by t.ender. Lender shall apply, nu later chan immcdiately prior tu the sale of the Property or its acquisition by Lender, any Fu~ds held by lxnder at the time of appli~ation as a credit against the sums secured by chis Sectirity Instrumenc. 3. Application of Payments. Unless applicable (aw provicfes orherwise, all paymenes receive~f b~• !_ender under paragraphs I and 2 shall be applied: first, ~o late charges due under the Nc~te; second, co prepaymen~ charges due under the Note; third, cu a~r.oun~s payable under paragraph 2; fuurth, u~ interest due; and tast, tu principal due. Charges; Liens. Borruwrr shall pay all taxes, assessment~, charges, fines and imposiciuns a~~ribucable cu chc Pruperey which may attain priuriey over chis Security I~strument, and leasehold paymencs ur gruund rencs, if any. Borruwer shall pay these obligatiuns in ~he manner pruvided in paragraph 2,or if not paid in that manner, Bnrrower shall pay them un cime directly to the person owed paymenc. Bc~rrawer shal) promprly fumish to Lender al) notices of amoun~s to be paid under this paragraph. lf &~rre~wer makes rhese payments direcdy, Burrower shall promptly furnish co I.ender receipcs evidencing the payments_ _ &~rr~wer shall prumptly discharge any lien which has priority uver this Security Instrumen~ unless &~rruwer (a) agrees in writing to ehe paymene of the obligation secured by rhe lien in a manner acceptable tu Lender; (b) r~nteses in gcx~d faith the lien by, ur defends against enfurcement of the lien in, legal prcxeedings which in the Zender's opinion uperace co prevent che enForcement of the lien or forfeiture of any part of the Pruperry; or (c) secures from the holder of the lien an agreeme~t sarisfactory to Lender subordinacing the lien cu this Seciuity Instrumenc. lf Lender determines that any parc uf the F Property is subject to a lien v~hich may attain priarity over this Security Instrument, I~nder may give Be~rroaer a noeice , identifying the lien. Borrower shall satisfy the lien ur cake une or more of che actions sec fonh above wichin 10 days of ct~e giving of natice. S. Hazard I~surance. Sorrower shal) keep the improvemenrs nuw existing or hereafcer erected on the Pruperty insured against loss by lire, hazards included within che cerm "exce~ded cuverage" and any other hazards for which Lender requires insurance. This insurance shall be maintained in the ame~unts and for the periods that Lender requires. The insurance carrier providing che insurance shal) be chosen by Borrower subjecc to Lender's appruval which shatl n~r be unreasc~nably wichheld. Ail insurance policies and renewals shal) be acceptable ro I.er:F.ler and shall include a scandard murtgage dause. Lender sha!! have the right to hold rhe policies and renewals. If l.ender requires, Burrower shall prompcly give ~o Lender all receipes uf paid premiums and renewal nocices. In che evenr of loss, Borrower shall give prompc notice to the insurance carrier and I.ender. Lender may make proof of loss if rwc made promptly by Borrower. Unless Lender and &~rrower otherwise agree in wticing, insurance pruceeds shall be applied co rescoracion ur repair _ of the Property damaged, if the restoration or repair is economically feasible and I.ender's security is noe lessened. If ehe restoracion or repair is not economitally feasible or Lender's security would be lessened, che insurance proceeds shall be applied to the sums secured by chis Securicy lnstrument, whether or not chen due, with any excess paid to Horrower. If ~ Barrower abandons the Propercy, or does not answer wichin i0 days a notice from Lender that the insurance carrie~ has ' offered to setcle a claim, then Lender may tollect the in;urance prcxeeds. [.ender may use the prcxeeds ro repair or rescore che ` Property or to pay sums secured by this Security Instrun~Pnr, whether or noi then due. The 30-day period will begin when the <; no[ice is given. Unless Lender and Horroaer otherw:se agree in v~rriting, any applicatiun u( proceeds to principal shall noc extend or ~ pvscpone the due date of tFie monthly payments referred co in paragraphs 1 and 1 or change che amounc of the paymencs. tf un~: paragraph 19 the Property is acquired by Lender, Borrowe~ s right any insurance policies and prcxeeds resulting ~ from damage to the Property prior co the acquisicion shafl pass co l.ender co cheextenr of the sums s~cured by chis ~ecurity tnsrrumenc immediacely prior co che acquisirion. ' - 5. Preservation and Maintenance of P~openy; I.e~aseholds. Borrower shall noc descroy, damage or substantiall; change the Property, allow che Property co deteriorace or commic wasce. If this Security Inscrument is on a(easehold, Borrower shall comply with the provisions of che lease. and if Barrower acquires fee cicle tu the Property, the leasehofd and fee tide shall noc merge unless Lender agrees to che merger in writing. 7. Procection of I.ender's Righa in the Pr~perty; Mongage Insurance. lf Borrower fails ro perform che covenancs ~ and agreements contained in rhis Security Insttument, or there is a legal prexeecfing chst may significantly aff;ct Lender's ~ ~ righrs in the Property (such as a prcxeeding in bankrupccy. probace, for cundemnation or toenforce laws or regulations), ehen ~ [.ender may do and pay for whacever is necessary to protecc che value of the Property and l.ender's rights in che Property. ~ _ I.endrr's aceions may include paying any sums secured by a fien which has priority over ehis Security inscrume~c, appearing in ~ cour~, paying re~sonable accorneys' fees and entering on the Pr~perty co make repairs. Alrhough I.ender may take action ~ under chis para~~.raph 7, I.ertder does oor have ro do •.,r. Any anwunrs disbursed by Lender under chis par~graph 7 shall become additional debt of 8orrower seaired by chis Securicy Instrumenc. Unless Borrower and Lender agree co ocher cerms of paymenc, chese amounts shall bear inceresc from ~ the dace of disbursement at che Noce race and shall be payable, with interesc, upon rwtice from I.ender to Bc~rrower requescing M payment. !n • ~ ~ - -~"'~-N _ _ _ Q..,,,.... ~ . . _