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Home My WebLink About0294 UNn~~ttnt C'crv~:,vnt~rrs. Bormwer anci L.encier coven:tn~ ancl agree as foltows: 1. Payme~t of I'rinclpal and interest; Prepaymrnt ana Late C6uges. Borrowec shall pron~ptly pay when due ~he prin~7pa1 of and interest oa tfie debt evidenced by the Nore and any p;Epaym~nt and late charges due uncier the Note. 2. ~nds for 'Ikaes and Insurance. Subject to applicable taw or to a wrinen waiver by Lernier, Borrower shall pay to lxnder on the day monthly payments aie due urxler the Note, until the Note is paid in fuU, a sum ("Fu~xis") eyual to one-twelfth of: (a) yearly tazes u?d assessments ahich may attain pr_o*ity ov~r this Security In.~trument; (b) yearly leasehold payments or ground reMs on the Property, if any; (c) yearly hazard imucance premiums; and (d) yearly mortgage insuraix.r premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of cument dala a~x1 rrasoaable estimates of future escrow items. 'I't~e Funds shall be heid in an institution the de~posits or accounts of which are icuured or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Puuds to pay tLe escrow items. L.ender may not charge for holding ard applying the Pund.s,analyring the account or verifying t6e escs~~w items, unless Ltnder pays Borrower inte~rst on the F~nds and applicable law permits L.ender to make such a chatge. A charp~ a?ss~ss~d by L~nd~r in conn~ctioh with L~orrow~r's entering into thi~ Security Instrument tG pay the cest of an independent tax reporting service shall not be a charge for purposes c~f the preceding sentence. Borrower and Lender may agree in writing that interest shall be paid on the Funds. Unless an agmement is made or applicable law raquires intecest to be paid, Leader shalt not be required to pay Botrower any interest or eaznings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Punds s6owing credits and debits to the Funds and tt~e puipose for which each debit to the F~mds was made. The F~nds are pledged as additional secvrity for the sums securrd by this Security laewment. If the amount of the Funds held by Lender, together witb the tuture monthly payments of Funds payable prior to the due dates ot the escm~v items, sball exceed the amount required to pay the escrow items when due, the ezcess shall be, at Bormwer's option, either promQtly repaid to Borrower or credited to Bosmwer on monthly paymenss of Funds. If the an~ount of the Funcis held by Lender is not sufficient to pay the escrow items whe~ due, Bomower s6a11 pay to Lender any amount necessary to make up the deficiency in one or more payments as required by Lencier. Upon payment in tuU of all soms sec~ued by this Secvrity Instnm~ent, Lender shall prompdy refund to Borrower any Fw~ds held by Ler?clec If uncier paragraph 19 the Praperty is sold or acquired by Lender, Lender shall apply, no later than immediately prior ro the sale of the Property or its aoquisition by Le~der, any Funds held by Lender at the time of application a~ a credil against the sums secured by this Security Ins~umea. 3. AppticaNon of PaymeMs. Unless applicable law provides otherwi.9e, all payments received by Lender under paragraphs I and 2 shall be applied: first, to late charges d~e uuder the Note; second, to prepayment charges due under the Note; third, ro amounts payable under paragraph 2; fourth, to interest due; and last, to principal due. 4. Charges; L,iens. Borrower sha11 pay a!1 taxes, assess~neots, charges, fines and imposidau attributable to the Propeny which may attain priority over this Security Im~trument, and le~sehold payments or grcwnd rerxs, if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not Qaid in that mancer, Bomower shall pay them cx~ ~ime direclly to the pe~on owed payment. Borrower shall prompdy fumish ro Lender all notices of amounts to be paid urnier this paragraph. IF Bocrower makes these payments diiectly, Borrower shall pmmptly fumish to Lender receipts evidencing the payments. Borrower shafi prompdy discharge arry lien which has priority over this Security Inswment unl~ss Bomower: (a) agrees in writing to the payment of the obligatioa secured by the lien in a manner acceptable to Lender, (b) ca~tests in govd faith the 6en by, or defends against enforceme~ of the lien in, lega! prooeedings which in the L.ender's opinion operate to preveat tbe ~ enforcement of the lien or forfeiture of any part of the Property; or (c} secmres from tbe holder of d~e lien an agreement satisfactory to Lender subordinating the Gen to this Security Inswment. If Leader determi~s t6at a~ry part of the Property is subjea to a Gen ~ which may attain priority over this Sec~uity Inswment, Lender may give Borrower a notice identifying the lien. Bornower shall satisfy the lien or take one or moce of the actions set fo»fi above wittrin 10 days of the giving of notioe. ~ 5. Hazard Insurance. Borrower shall keep the impmvements now eacisting or hereafter erected on tbe Property insured ! against loss by firc, hazards included wittrin the tenn "eatended coverage" and any other t~ar~s for which Ixnder myuites ~ insurance. This insurar~ce shall be maintained in the amwnts and for the periods that I.ender requires. "R~e iruvranc~ cairier E providing the insurance shall be chosen by Borrawer sabject to Lender's approval wtuch sball not be unieasonably wittsheld : Ail insurance policies and ~enewaLs shall be acceptable to Lender and shall i~clude a standard mortgage clause. Lender shall ~ have the right to hold the policies and renewals. If Lender ieyuires, Borrower shall promptly give to LenJer all reoeipts of paid premiums and renewal notices. In the event of loss, Borrower s~all give prompt notice to the insvrance carrier and Lender. Lender ~ may make proof of loss if not made prompdy by Borrower. ~ Unless Lender and Borrower otherwise agrce in writing, ins~rance proceeds shatl he applied to restoration or repair of tbe # Property damaged, if the restaration or iepair is economically feasible and Lender's security is not lessened. If the c+estoradon or ; repair is not economically feasible or Lender's security would be lesseaed, the iosurance prooeeds shall be applied to the sums 6 secured by this Securiry Instrument, wt~ether ar not thez? due, with any eace.ss paid to Borrower. If Barrower abandau the ~ Property, or dces not amwer within 30 days a noace from Leoder that the icLSUrance carrier has offered to seule a claun, then ~ Lender may collect the icLSUrance proceeds. I.ender may use the prooeeds to repair or iestore the Prc~perty or to pay sums securec! ? by this Security Instrument, whether or not then due. 'It~e 30-day period will begin when tbe notice is givea " Unless Lender and Borrower otherwise agree in writing, any application of procetds to principal shall not exterd or postpone ~ the due dace of the monttily paymenLs refened to in paragraphs 1 and 2 or change t6e amount of the payments. If under paragraph ~ 19 the Property is acquued by Lender, Barrower's right to any icuura~ce policies and proveeds resulting from darnage to the ! Property prior ro the acquisition shall pass to Lender to the exteat of the sums seeured by this Security Instniment immediatefy ~ prior to the acyuisition = 6. Preservation and Maintenance of Property; L.easeholds. Bormwer shall not destroy, damage or substanaally change the Property, aliow the Property to deteriorate or commit waste. If this Security lnstrument is oa a leasehold, Borrower shall comply with the provisions of the lease, afld if Borrower ac~uires fee title to Ihe Property, tbe leasetsald and fee title sh:~ll ncn merge unless Lender agrees to the merger in writing. 7. Protection of Lender's Rig6ts in the Propertp; Mortgage Inaurance. If Borrower fails to perfomn the covenan~s ard agreemen4s contained in this Security InsWme~, or thete is a legal proceeding that may significantly aH'ecJ Lenier's ngtus in the Property (such as a proceeding in badauptcy, probate, for condemnation or to enforoe laws or regulatioas j, ttien Lender may do and pay for whalever is necessary to protect the value oEtbe Property and L.eoder's rights in the Property. Lender's aaions may inetude paying any sums secered by a lien which has priority over this Security Ic~swment, appearing in court, paying reasonable attorneys' fees a~ entering on the ProQerty to make repairs. Althoug6 L~ender may take action under tbis paragraph Lender does not have to do so. Any amou~ts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Secunty ; Inswment. Unless Borrower and Lender agree to other terms of paymeot, these amounts s~all bear interest fran the date of disbursemern a1 the Note rate azxi shall be payabfe, with inlerest, upon notice from L.ender to Boaower teyuestit~g payment. ; " y inlialing. the irowei{s) acknowledgca that this page is page 2 of 4 , ~ ~ ~ ':Y-{ ___~f,~_ of a FLARIDA MORTGAGE ( In~4als tniUals , - FNMA001 B 5188 vp 1J0 Pp~ 2 of 4 BGRx Q f~ FAvE ~ V~------ ~~p• U ~ - -_;.-~~r~...+~ ,3~.:Y,u,--~ ,es .k;~ ~