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Home My WebLink About0950 * Y j UNIfOF~M ~OVENANT3. Sor?owa ~nd tend~r cownant and a~ra ~s fWow~ ~ 1. Paymant oi P~inctpal ~~d Inte~eat; Prep~ym~nt and lat~ Ch~rgts. eomowr snd aompth? P+~Y whe~ d~e th~ , qtncip~J d ~r?d hlerest a~ 1M debt wida~ad by tiH Not~ ~nd and pr~pkyma~t and ht~ chupa dw wid~r th~ Not~. _ ~unds tor Taxes snd In'u~anc~. SubJecl to .pplcabN I~w or to a w~inrn watver by lender. Borrow~? shd p~y to lender on - . th~ day monthy MYm~+i' ue dus wider ths Note. unt~ th~ NMe b pdd in fuM~ a swn ~"F~'9 aqwl to o~Nw~Mli ol: (N yeaiy taxes and as:QSSmants whkh may attdn p~iorily ov~ tNs Securlry instrumen~ N) Y~~Y ~NwW paymaHs or 9round nnb on th~ PropMty~ M anY (c) yeuly haxard inaunuue prerrik~ma: end (c~ YauiY mort~pQs Inwau~ phrrAum~, R~ny. Thqa it~ms w caM~d "eac~ow Rama." L~ tnty al~ mate the ~unds dus o~ the b+tda oi cuRent d~la u~d roasonsbk estknsta ot iutu~e esaow ~ems. ~ Th~ Funds shal be hdd !n an instR~tton the depoaNt or aooounts af rvhkh w Inwrod or Wuanteed by ~ t+tlehl or state a~a~cy Mclud~ !nQ lender M Lender la auch an MaNtutbn). Lendet shaM ~pp1y ths F~mds W PaY the ascrow kams. Lender m~y not clwg~ for hoidlnp and sp~ pyinp the Funds, an~yifn~ the account or vaiyinq the escrow aems, w~less Lendet psya Bortoww Interost on the Funds ~nd sppMabb 1~w pem~its Lender to make wch a cha~e. Bomower and Lender msy a~ree M w~lin9 that hiersat ~h~1 bs paid on th~ Fund~. t~nless an a~rer mant ia made or appliccable Iaw requYes inte~eat to be paid. Lender shaN not Ee roquirod to pay 8omow~ enyr lntaest or e~nin~ a? ths Funds. landar ~haY Qive to BoRawer~ without chupa. an arxuul accountlnQ of tha Funds ahowinp aedits Mnd dabKs to the Fun~ a~d th~ purpos~ ior wh~h ach debit to the Funds was made. The Fund~ aro pledped as add~brud a~xul~? for the wms secwsd by thls 8ewrly Instnxr?en~ il the anwunt ot the Funds hald by Lender, toQether w~h ths tuturo mo~?thty paymenU ot Funds p~yab{s pdot to th~ due duta ot tht ea- crow itams. shaM exceed th~ ~rraunt roquired to. pay the escrow items when du9. the ~ess shal M. N Bomowa's optbn, ~ prompUy rapaid to Borrovr~r or credrted to Borrower on monlhy payments ot~Funds. H 1he anwu~t ot the Funda hdd by Lendar b not su~iciait to pr~ - the esaow pems when due. Bonowx shall pay to Lender any amount neces~ary to maks up ths daAWency in one or more paymenia :a r? . ~ quirad by Lender. Upon payment M fu1 ot d suma eecured by tfib Security Mswment, lender sha! promptly relund to Borrower any Funds h~d by latder. _ N under paragaPh 19 the Prope~ty is sotd or acq~rtre~d by l~der. lender shal ~ppy. no later thui Yrmsdiatey prbr to the sais of tM Propaty or ~s acquisition by Lender~ any Fur~da heid by Lender at ths Wne ol apMicaUon ~s a caedit a~sinat the s~ar~s ssaued by 1Ns Ssa~? Mstru- ~ ment. ~ 3. Applicatlon of Piyments. uNeas appWxble ~aw provWes otheiwtse. d payments reoelved by lender under parayrsphs t and 2 shsr be appisd: first, to {ate c~ar~es duo under the Not~ aaco~d ta prcpayment char9ea due u~dar ths Not« thbd, to anww~ts paytbts under P~9~Ph 2; tourtl~. to~ interest dus; and laat~ to p~incipal due. - 4. Charges; Llena .gorrower sha~ pay a~t taxes, ~ssessments. charges, mes end Mpos~lons ~ttrlbutsbts io the Propeity whkh m~y ~ attain priaity o+rer thfs Security tnstrumen~ and teasehold paymertts or ground renis. N sny. Borrower ahaN pey these obN~tbns in the na~ner provided in ~iara~raPh 2. ar if not paid h ihat martner. 8omower shaN psy tham oe W~a ~redhl to ths person awed pa~na~L Bomawat shal prompty fumish to Le~der a1 noticces of amounta to be paki under this paregraph. N Bortower makes thess payinents direc~ly. 8ortower shar pto~Uy fw»iah to Lender receipts evidenaag the payn?ents. Borrowa shaM pro~ty ~i'ischarQe any Gen whkh has pdority over this Security ~nstrwnent unleas Borrower. (s) agrees tn w~ttn9 to the pay~ ment of the oMi~aGon aecured by the Gen in ~ manner acceptable to Leader, (b).oontests in ~ood ta~h the Ikn t~y. or ddarMs ~Qainst aniotce~ inent of 1hs ien in, le9s1 procee~nps which h the Le~der's opinlo~ op~uste to prove~?t enfo~ment d ths Nn a tort~ d any pa~t of the Propery; or (c) secures trom the hoWef ot the ~en an a~eeme~t astiatadory to lender subor~nstln~ the ien to thb SeaaXy Ins~t It Lender detemtines that any part ot the Prope~ty b subject to a ien whkh m~y atiain priorily over this SeaaMy k~stnu?~eM~ lander i?~ey ylve 8arower a notica identifyir?~ ihe fr8n. 8orrower shaN aatisy the ien or take one or mors of the edio~s set bAh above w~hin 10 cbys of the 9ivwtQ ot notice. ' ~ - 5. Hazsrd InsuranCe. Borrowe~ shar keep the h~provements oow e~dating ar he~8er ~eded on the Propa~y insur~ed a~shst bss by ~re, hazards hduded within the tertn "extended coverage" and any otha hazards tor whkh Lendar requires bsurance. This tnsursnoe shd _ be maintained in 1he amounts and tor the periods that lender requires. The insurance caRier providng the inaurar~ce shd b~ chasen by Sor- rowar subjed W Lender's approval whkh shal not be unreasonably wilhheld. A11 inwance poi"icies and renewals shaM be acceptabte tc lender and~ahaM incduds a standud mort~s~e dwsa lender shd haw the ~ht to hdd tl~e poides and renewals. fi Lender requircs. Barower ahaN prompty give to lender aR receipb of paid prenwm~t and renewM notloes. In th~ event oi bss. Barrower ahaM 9ive prompt notka to the bsurance carrkr ~nd Lender. Lender may mNce proot oi bss N not nw~de promptly by Bortowet. ~ ~ ' Unlaas Ler~der and Borrower othavvise agree h wrirtin~, bwrance proceeds shaM be appried to restoratbn ot rc~ d the Propaly dama~. ~ d the restoratfon or repair 1s econort~ica~yt teas~bie and Lender's secu~ity ts not lessened. It the rostoratbn a repslr b not soonon~icaly fats~b(6 ~ or lender's secu~ity would be less~ed. the hwrance p~ocesds shaM be sp~ied to 1he aums seaued by thb Ssa~ity ires~nxrMnf. whether ar ~ ~at then due. with any excess paid to Borrower. 11 Barrawer ab~dor~s the Property~ a does not answer within 30 d~ys a r~otlct d~om L.ender that the inwrance tanier has oNered to selde a daim. then Lender may cWect the hsurance prooee~ds. Rendet may uss proceeda b ropsM or testore the Property a to pay sums aacured by ~tds Seauiry tnstrument. whether a n~ tt++ert due The 30~d~y paiod rvi be9i~ whas the notice is 9iven. - Uokss tandar and Barower othenrFse agree h writinp. arsy appiu?tion ot proceads to prhdpal shaM not e~dend or postpon~ tM aw date ~ the mortthy payments reler?sd to h Qara9raphs 1 and 2 or chanys tha anaunt ol the paynKnts. H under pea~ph 19 tl?e PropKy ~ aa 4~irsd bY Lenda. Borr~wa's ~ht to any inwrance po~des tnd proceeds reaulUn~ trom d~ne~ to ths Property piior to tM aoq~lion shd pass to lender to tiee e~deM ot ths swr~s secured by this S~uriry Instrument krmecfatey prlor to the aeq~~awoe~. 6. P~eservation and Matnte~ance of P~ope~ty; Lessehoids.- Borrower sha~1 rwt destroy. d~n.qs or ~Ndy d~e - th~ Properry. abw th~ Property to dete~iorate or can~ ~aasta It this Seairify instnwnent ia on s MasNeold~ B~rrarrr ~hd aanpy wtthh th~ prov{sions ot th~ Ieas~. and it Barowes acquires tes f~is to the ProNarty~ the lessehoW snci ise t1W shd not m~rg~ unirss l~nder a9rs~s to tM ntetQer (n w~. . _ 7. Prat~cNon of tender's Rlghts in the Properly; Mortgags Insuranc~. M B«row~ ts~ to p«~om+ ttN oawnants ~nd a~ts conWn~d M tl~is Seaw~iqt Inswment. or th~re b~ le~e! ProceedYq thai rt~? s~n~y al~ed L~nder"s ~b in tla Prop~ry (such as ~ proes~dn~ fn b~nkruptcy. Prob+te.la oo~denr~ation or to ~ntorc~ hvvt or ~s). thsn LendK my do ~nd pry br vrNatever . Is e~ssary to protsu tl» valu~ ot the Propery and lend~e's riphts in ds~ Prep~ty. ler~s aetlOns my indud~ payh~ ~rry wms s~ound by ~~en whlch has p~fo~ty o~?er 11ds Seawlty Instrwran~ ~PPwtr~ In oax~. p~q nasonabte Mtomsys~ fNS ~nd'3nt~ri+q at !!N Properly b m~k~ ropairs. /~lhou9h lea~det eney tak,~ ~dian uncf~ Ws para~apA 7. Lende~ dors not h~w Eo do so. _ My ~ouMS disbws~d by Under undK thb pwa9nph 7 ahd beoonN ~ddtlor~d dab! cf 8arow~r ssaxed by thh S~axNy In~nt unlas e«roM?w ~ra t.~der .~re. w otner tam~s ot p~yrnont. a~as..mow~b sJw bw iMena iron, at~ au. a aisax..nwM t1 tho rla. m. and shd b~ ayabl~ rvkh inle~pl. +~pon noUcx kan Lender to Bortnwer roqu~stlny Myirient - ~ . ' r ~~.cn ~osyes~ ~4 ~ F•o•: a 3 - 8~a~5fifi ~ 945 ~ ~ _ _ _ _ _ ri ~ } - . . ~ . ) Z