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Home My WebLink About0922 TOGE?NER WITH alt the ~mproven~ents now or herealter erectc;d on tht3 property, an:f alt c~asernents, ~~gt~ts. appurtenanc.us, ~~~nts, royalhes, minera~, oil and gas rights and profits, water r~ghts and stock and ail f~xtures now or ~ereafter a parl of the prop~rty Ali ~c~placements and additions shall Also be covered by this Secunty Instrument All 01 the toregoing is referred to in this Sccur~ty ~-~strument as tiie "Property " F30RROWER COVENANTS that Borrower ~s lawfully seised of the ostato hereby conveyecf and has the right to mortgage, grant .~rid convey the Properly and that the Property is unencumbered, except for enc~mbrances of record Borrower warranis and w~ll :~efend generally the UUe to the Property ageinst all cla~ms and demands, sub~ect to any encumbrances of record TFil5 SECURITY INSTRUMENT combines uniform covenants br ~at+onal use and non-unitorm covenants w~th i~m~ted var~at~ons !~v ~urisdiclion to constitute a unrform secunty instrument covenng real property UNIFORM COVENANTS. Borrower and Lender covenant and agres as follows 1. P~ym~nts ol Princlpal ~nd Int~r~sh Pr~paym~M and Lat~Charpes. Borrower shall promptly pay when due the pr ~nc~pal ot and ~terest on the debt evidenced by the Note and any prepayment and late charges due under the Note. ~ 2. Fu~ds for T~x~s and Insunnco. Sub~ect to applicable law or to a wrdten wa~ver by Lender, Borrowdr shall pay to Lender on the ' ~;~y monthly payrrsnts are due urxier the Note, unt~l the Note ~s paid ~n full, a sum ("Funds") equal to one-twelfth ot. (a) yearly taxes and ~ .+,sessments wh~ch may attain prionty over this Security Instrument; (b) yeariy leasehold payments or ground rents on the Property, ~1 .a~~y. (c) yeariy hazard ~nsurance premiums; and (d) yeariy mortgage +nsurance premiums, if any. These ~tems are called "escrow ~ tan~s " Lender may estimate the Funds due on the basis of current deta anQ reasonable estimates of future escrow items ~ The Funds shall be held in an inshtuh~n the deposits or accounts of which are ~nsured or guaranteed by a federal or state agency nclud~ng Lender if Le~der is such an ~nstitut~on). Lender shall apply the Funds to pay the escrow items. Lender may not charge tor ~~u~dinq and apply~ng the Funds, analyzing the account or verifying the ascrow items, unless le~der pays Borrower interes[ on the ~;inds and applicable law permits Lender to meke such a charge. Borrower and Lender may agree in writing that interest shall be paid ~ the Funds Unless an agreement ~s made or applicat~le law requ~res ~nterest to be pa~d. Lender stiall not be requ~red to pay Borrower :r~y ~nterest or earnings on the Funds Lender shail grve to 8orrower, w~thout charge, an annual aCCOUnting of the Funds show~ng ~~~a~ts and deb~ts to the Funds and the purpose for which each deb~t to the Funds was made The Funds are pledged as add~t~or,al ,•;:ur~ty for the sums secured by this Secunty Instrument It the artiount of the Funds t~eld by Lender, together with the tuture monthly payments ot Funds payabie prior to the due dates of escrow ~tems, shall axceed the amount reqwred to pay the escrow ~tems w~en due, the exce$s shaU be, at Borrower's opt~on, e~ther .~.:n~ptty repa~d to Borrower or Credited to Bortower on monthly payments oi Funds If the amount oi the Funds held by lender ~s not ,.:?f ~c~ent te pay the escrow items when due, Borrower shall pay to Lender any amount necessary to make up the det~ciency ~n one or •~re payments as requ~red by Lender Upon payment ~n (ull oi all sums secured by this Security Instrument. Lender shall promptly refund to Borrower and ~unds held by ~~~~der If un~er paragraph 19 the Property ~s sold or acqu~red by Lender. Lender shali apply, no later than ~mmed~ately pr~o? to the sale ~~he Proper,y or ~ts acqws~hon by Lender, any Func7s held by lender at the t~me of appl~caUOn as a cred~t agamst the sums secured by -5 Secunty Instrumeni ~ 3. Applftatlon of Paym~nfs. Unless appl~cable law provrdes otherw~se, a!I payments rece~ved by Lender under paragraphs t and 2 , ~ ~e appi~ed f~rst, to late charges due under the Note, second, to prepayment charges due under the Note. thvd. to amounts adte under paragraph 2. (o~3rth, to +nterest due. ar!d lasi, to prmc~pal due ~ 4. Charqes; llens. Borrower shatl pay all taxes, assessments. charges t~nes and ~mp~s~t~ons attnD~table te the Property wn,c?~ ; i aita+n pr~onty over th~s Secunty instrumer•t, and ieasehold payments or qrauno rents. +t any Bor?ower shali pay these obl~gat~ons ~ ~ tne manner provided ~n paragraph 2. or ~f not pa~d ~n that manner, Borrower st~all pay them on t,me d~rectly to the person owed ;,,yment Bonower shall promptly turn~sh to Lender all nohces ot amounts to be pa~d ur.Cer th~s paragraph Ii Borrower makes tnese ~ :::;rnents d~rectty, Borrower shali prompily furmsh to Lender reCe~pis ev~denc~ng the payments ~ Borrower shali promptly d~scharge any tien wnich has priority ovar this SeCUnty Inst~ument unless BorrOwer (e) agrees in wnting ~ ~~:^.e payment ot the oD!~gat~on secured by the l~er ~n a manner acceptabie fo Lender, ~b? Contests ~n goo~ faith the ~~en by, or Cefenos ,~a~nst en}orcement o1 the I~en fn, iegaf proceQdings wh~ch m the Lerder s op~n~on operate to prevent the enforcement of the i~en or 4 ~ '-te~ture of any part of the Property: or (ci secures ~rom the holder of the I~er an agreement satistactory to Lender subord~nat~ng the ;o th~s Secunty Instrument if Ler.der determ~res that any part of tr~e Property ~s suD~ec~ to a I~e~ wh~ch may atta~n pr~onty over th~s ~ :~cur~ty Instrument. Lender may g~ve B~rrowe~ a rot;ce ~d2ntrty~rg tr.e ~~er. Borrower shail sat~sfy the i~en or take one or more cf tne 4 ~ ; r:ons set fortr~ above wrth~n ~0 days of tne g!vin~ Uf nG2~Ct' ~ 5. Nazard Inwronc~. Borrowe~ shal~ keep the ~mprovemenis nprv ex~st~ng or hereatter ereCted on the Property ~nsured aga~r~st f tis by hre, hazardS ~nCluded within tt~e term exter~dP,d caverage ar,d any other nazards for wh~ch lender requ~res ~nsurance This ~ € ~;;;rance sha~l be ma~nta~nec! m the amour,ts and (or ihe per~ods tnat lender reqwres The msurance carner prov~d~ng the ~nsuranr~ ~ ~au be chasen by Borrower sub~ec! to Lender s approva~ wh~ch shall not be unreas~ably w~thheld Ali ~nsurance pohc~esand renewais sr.aii be acceptabie tr Lender and shall ~nclude a standard mortgage ciause Lender shall have ~ r,qnt tc~ hofd the pol~c~es and renewais It Le~~i~r rNqu~res. Borrower shall promptty g~ve so Lender all rece~pts of pa~d prem~ums ar.d s ~•~ewa+ nohces In the event of bss. Borrowe~ st;<~~! a:ve prompt not~ce to the ~nsurance can~er and Lende; Lender may make praof of ~ ss ~t not made promptly by Borrower ~ Unless Lender and 8orrower other~~se agrae ~n wnt~ng, msurance proceeds shat! be appl~ed to ?estorat~on or repa~r ot the ~ ~ ~per,y damaged. ~f the restorat~on or re~a~r ~s Fca~omically teas~bie and Lender~s seCUnty ~s not 1e95ened if the restorBUOn or repa+r ~ ,^ot econom~cally feas~ble or Lerde?'s secunty would be iessened, the ~nsurance proceeds snaff bs appl~ed to ih~ sums secured by ~ •~.s Secunty Instrument, whether or not then due, w~ih any ezcess paiJ to Borrower. If 8orrower ~bendons the Property, or does n~t ~ :~swer w~th~n 30 ciays of not~ce hom Lender that the ~nsurance carr~er has oftered to sett?e a s,laEm, then ~er,der may coliect the € • surance proceeds Lender mey use the procec?~s to repair or restore ihe Praperty or to pa~ sums secured by this Secunty insirument, x :rnether or not then due The 30-day penoa w~ll begin wnen thQ not~ce ~s g+ven Uniess lender and Borrower otherw~se agree,n wr~t~ny, any applccat~on of proceeds to pnnc~p31 shali not extend or postpone the ::e date of t~e monthfy payments referreC to ~n paragraphs ~ anG 2 or changQ the amounf of the payments If und8r paragraph i 9 the t ~~~operty ~s acqu~red by Lender, Borrower s right to ar~y +nsurance polic~es and proceeds resu~tmg from damage to the Property pnor to j r~.e acqu+sit~on shail pass to lendef to the extent of the s~ms secured by this Sacur~ty lnstrument immed~ately pnor to the acquis~ticn 6. Pres~rvatlon and MINnt~nance o! Prupe~tr; Leaseholds. 8orrower sraii not ~estroy. damage cr substant~a~ly cha~ge tne •~~ope~ty. a~iow the Property !o deter~orate or cc.~nm~t w<,st~r It th~s Se~u~~ty fnsir~mer:t :5 on a IeaSehU,Q. Borrower snaii ccmpiy w,tr F~ p~ov~s~ans ot the iease. anC ~f Borrower ac<a~,~res ~ee !~t~e ?o the Frope~ty. the ieasenoid an~ tee t+tie shali not merge untess ~ender :~;~ees !o the merger in wrihng 7. Protectlon ol Ltnd~?'s Rf~ht !n the Prope~ty: Morty~9e I~surance. If Borrower fa~is to perform the covenant~ an~ agreemer:ts ~,~ta~ned ~n 1h~s Secunty Instrumert, or !here ~s ~~ega! proceedir~g thal may s,gn~',~car.Uy a!iect Lender s nght ~r. the Property (such as proceed~ng ;n bankruptcy. probate, for cor,r~~~mr.atv~~ : o~ to enforce iaws or reguiat~onsi, then Lender may do and pay fpr whatever ~s •{~cessary to prctect the value of tne ProcN~t; a~ c~ ~E~rder s r~gnts ~n the Property Lender's achons may ~nctude pay~ng any sums ' ~.~'r_u'(?hby8~i8r.WhiChhaS,~~iOr~lyOVer!t:~5;~~• :''/~nSi~~r*'~Pnt d~p~.~nnq~ncc~urt pay~rgreas~nableattorneys feesanderter+'.g ±r:~ Proverty to maRe ~epa~rs A~!°~u.:~;~ . ;++r may ta+~e act~on unoer th~s paragraph 7 Le~~er does not nave t,~ . , so . .~J~.~~ ~L v.y}t < o+ . ~l'uN.Ot~~u+pf*lrA~-fNYA~NtHC UN~fORY:NS~fiaillFNT i . e~ GF iL50075 1~~l7 , y - " - -t ~ - ' : ~ ~ ~ ~ `~,~^s~ _ ~._v._: ~3~.~~.~„~~