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Home My WebLink About0938 . ~ . . UNIFCIRM CONEWWT3. Borrower and Lenciet oov~anant and a~ee as lollowa: i. P~mNnt W Plrincip~l and M~r+N~ R~p~t~M and l.a1~ CA~r~s. Barow~et ahall prompUy pay when due the principal of and intereat an Me dsbt evld9naed bY the No1e a~d any prepaymeM and late c~?er~es due und~ Me Note. ~ . Z Fimch b?1ix~s and N~u?~r~s. Subject to applicebte law or b a writ~en wahrer by le~der. Borrow~er ahall pey to Lender on the i dey rtwMhly pa~nnents are due under the NoEe. uMil the Nobe la paid i~ fuN. a eum ("Fundd'1 equal to one-twelRh of: (a) yea?y taxea ~ and aasesamer~b whk~h may attain p~io?iy over fhia 3ecearily insbrun~t: (b1 Yeart~? Ieaaet?dd PeYme~t~ or qround ~ents on !he A?a?Per1Y, ~ ~~Y~ tc) yee~ty ha..'srd inwranoe premiume: and (d) yea~y mort~sge inaurance premiuma, i~ any. These Nems are called "eacrow items... ~e~der may eatimsle ihe Funds due o~ the basia of cuneM data a~d reasonable esti~na~es of future eacrow itams. ~ The Funda shaH be held f~ an inaMution the deposits or aasouuMs of whk~ are insured a Quaranleed by a federel a state agency (inciudMg Lender H Le~der is such an inatltutlori). lettder ahaM apply the Funds to p~ay !he escrow Items. Lender may not charge tor holding and applying the funda, a~ay~ing the account a~Hying the escxow i~ema un{esa Lender pays &xrower in~ereat o~ the ~u~da and appHcable law permKs Lender b make $ud~ a cfiarge. 8orrovre~ and Lende~ may a~ree in wrfting that inferest ehall be pald on the Funds. Unleas tfn agreement ia made or applicable law requirea interest to be paid. ler?der shaN not be required to pay 8orrower any Interest or eami~ga on N~e Funds. Lender shali g'rv~e b Bonow~e~. witl~out d~arge, an annual acooundng of the Fu~ds showiny creciits and debits to the Funda and the purpo~e tor which each debit to the Funda was made. The Funda are ple~iged as addidonal security for the sums aecured by thia SecuritY Inattumem. ii the amount of 1he Funds held b; Lender. together with the future monthly payments oi Funds payaWe p~or to the due datea of the ~ escrow fl~ems, ahaH exoeed the amount required M pey the eacrow i~ems when due, the excess ahall be, at 8orrowera optlon. eithe~ prompdy repe~id to Sorrow~ or cxedited b Borrow~er on monihly peyments of Funds. N the amaunt of the Funds held by Lendet is not sutfiaient b pay the escrow i~ema when due. Borrower ahall pay to lender any amount necessary to make up the deRciency in one or more payrrtenfs es required by Lender. . _ Upon payment i~ fuii of all suma secured by this Security Instrumen~ Lender shall promptly retund to Bonower any Funds held by Lender. H uncie~ paragreph 19 the Property la sold or acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Properly or its acqulaido~~ by Lender, any Funds held by Lender at tl~e time ot application as a credit against tfie sums secured . by this Security instrumen~ ` 3. AppNc~on 0/ Parn~nls. Unless appticaWe law provides oMerwise, all payments received by Lender under paragraphs 1 and 2 shalt be applled: ff~ to lale c~arges due ur~der the Note: second. to prepaymeM cha~ges due under tlie Note: third. to amounts payabla under paragraph 2: tounh. b interest due; and 1ast. b prindpal deie. . 4. Chtrpos: Llwrs. Borraw~er ahali pay all taxes. assessmenta. charges, fines and impositlons attributable to the Property whicl~ may attain prkxity otier this Security lnstrument, and leasehold payments or ground rents, if any. BoROwer shall pay these obl{gations in U~e ~~anner pravWed in peragraph 2. or if not paid in ihat manr~er. 8onower shap pay them on Wne direc~ty to the pera~n owed paymenG Borrower shal! promptly fumish ~a Lender all notk~s of amouMs b be paid under fhts paragraph. B Bonow~er makes these p~ayzner?ts direcilY. Borrower shali prompdy iumish ~o L~ender receEpls eridendng the paynrieMs. Borcower shall ixomPaY d~~a~ge an~/ lien which tr~s prior+ry ov~er this Securily Instrument unless 8orrorrer: (a) agreea in writing to the payment of the obligation secured by t~e lien in a manr~er a~taWe to Lender: tb) contests in good faith the lien by. or def~ends against eniorc~ement of the lien 1n. legal prooeedinDs which In tl~e LendePs oplnbn operate to prevent the entorcement of the lien or iori+eiture af anY Red of the Property: or (c) aec~ires trom the holde~ of tl~e {ien an agreement aatiiataclory to Lender subordinettng the lien b tl?is Security Inatrument H lender de~ermines th8t sny part ot the Property is subjed b a Nen whiCh may attain priority over this ~ Security Insbumenf, lender may give Borrower a nodce identliying the lien. Borrow~r shall satisTy the lien or take one or more ot the actions set fonh abov+e within 10 days of the giving of ~ 5. Hazard ~w~o~. Borrow~er shaN keep the improv~ert~enis now e~as~ng or hereaRer e~ec:ted on the Property insured against loss ~ by tire. hazards inciuded within the tem~ "extertded cor~erage•• and eny other h~tards br which Lender requires insurance. This insurance shali be maintained in the amounts ertd for the periods that lender requires. The insurance caMer providing the insurance shall be I chosen bY Borrow~er s~tbjec! to l.ender's appro++al whk~ ahail not be unreasonably v~ithheid. H!! insurarx:e po#Icles end re~tew~als shaH be aoceptaWe to Lencler and shaN indude a siandard rtwrtgage dause. Lender shall hav~e the rigM ~o hold the poiicies and ~Is. H i.ender requires. Borrower shafl promptty giv8 W Lender ~II receipts of paid premiums an~ renewal no~ea. M tl~e erent csf fosa, Bo~row~er shail give prompt no~c~e to the insuranoe canier and Lender. Lender m~y make pr~nof af loss ff rwt made (xomPaY tiY ~ Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be apptied to restorabon or repair of the Property ~ dama9ed, if the tes~ation or repaif is ec~nomicaliy feasibie and Lender's security is not lessened. If tt~e resbration or repair is not Aconomicalty teasibte or LendePs security w~uki be leasened. tl~e inaurance proceeds shall be applied to tl~e sums secured by this Security ktstrumen~ ~er or not then due. with arry excess peid to Qarower. lf Borrower abandons ihe P~rePerlY, or does not anawer witbin 30 days a noticc~ frc~m lender that the insurance cerrier has of{ered to settle a Gaim. then Lender may collect the insurance prooseds. Lender may use the proceeds to repalr or reatae the Property ar to pay sums secured by tfiis Security Instrument, wf~ether or not then due. The 30-day period wfll begi~ when the notlce is given. Unless Lender and Sorrawer otl~erwi~e agree in wr~ing, any applicaGon of proceecis to principal shati not extend or postpone the due daEe of the monthly payments referred to in par~raphs 1 and 2 or change the amount of the paymertts. H under paragraph 18 the . Prope?tY is aoquired bN Lender. Borrov~e~s ri~ht Eo arty insurenc;e policies and proc~ee~ds reaultlng from dan~aye to the Pr'oAe1'h~ P~ ~ ~ the acquisibon shaH paas b Lender h~ the e~ent of the sums sec~red by this Securiiy lnatrument immedia~ety prior to U~e acquisition. 6. Ptwwv~lbn and MsiiNatsnot of Pno~p~rt~l; l.~ss~i~old~. Bormwer st~aU not deatroY. d~9e a~+~~hl change 1he PropertY. albw the Rroperly b deleriota~e or Commit wasfe. It thfs SeCUrity Instrument is o~ a leaaehoid. Borrower shall compiy wiTh the proviabna - ot the {e~aae, and if Borrower aoqukes fee title to the Property. ihe leasehold and ~ee title ah€~N not merge uMess Lensfer sgreea !o ihe merger in wrtting. Pr~oi~clbn ol L~e~s Rf~hb~ in !fw ProPM'ly~ Ma~~fN M~sno~. li BoROwer fails M P~ the ooorenants and ag~eements • ~ned in thia Securily I~strument, or U~ere is a{egal proceedi~g that may signiticantfy atfec:t Lencl~"s rights in the F~roperty (six~t as a proceec~ng in bankruptcy. Prot~le. for c~ondemnatior? or to enforce iaws or reguletions). then L.ender maY do arxi pay 1or vrhatever is necessary ~o pro~ec~ the value of the Preperty erxi Lenders ripMs in the Property. Lender's acdons may Indude paying any sums secured by a Hen which has priority oMer this SeCUrily Fr~atrur~er~t, aPP~9 M~+rt. P~Yj+~9 re~ot~abie attomeys' feea and entering on the Praperty to m~tke repairs. Nthough l.ender may take acc~ion under this ~raph 7. Lerxier does not haMe b do so. Atry amouMs diabursed by Lender undef this pa~agraph 7 shall be~conie additlonal debt oE Borrow~er ~ecured by thia Security Ms~rument. UMess Bortowet and Ler~der agree to other termms of peymeM, these amauMS ahail beat iMerest from the date of diabursement i at the NoN ra~e sn~ aha!! be pey~?ble. nritlt inlerest. uPon notice hom Lerxfer b Borrower ret1~~9 PeY~~- ~ - $ ~ BOOIt ~J PAGE 93~, ? ; ~ ~ t v.o.:a~ fLORIDM=Mql: famNy-iMMA/FIHMC UNifORM IMSTliUMENT ionn ~OtO tY/i,7 GF /L5002f 7/M ~~;1.~-°-e. ' s`r"- . _ . ~ - -°t----~-e~~--- - - - . . _ _ - - _ -