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Home My WebLink About0141 ( \I! ~ ~IZ \i ~ ~ ~ \ I ~ ~3~tff~~N~f :tll(~ ~.l'I1~Cf C~~:CII:IIII :fllC~ .I~fC~ :1~ 1~~~~i~N~ 1. 1'a~ment uf ~'rincipal and lnterest; Prepa}ment bnd l.ate ('harkes. 13~~rru~~rr ,hall E~runi~~~l~ ~~a~ ~~hr~i ~lur ti~r ~,nn~ ti~,al ~,f an~1 intrre.i ~~n thr drht e~ i~lenrrcl h~ thr tiutr ancf an} prc•~a~ mcnt an~l lat~ rhar~r~ ~1u~ un~lcr i hr \~,tr I~unds fur "taxes and [nsuranee. SuhJe~t tu appl~rabl~ l~~ ~~r tu a~cnttrn ~~.u~~r h~ I.rncier, l3~~rru~~rr,hali ~~:n tu I.rn~lrr ~in th< <la~ m~~nthl} pu~ mentti xrr ~lue un~ier the ti~~tr. unt~l th~ '.`ut~ ~a~d ~n f~u91. a,um ("t~uncl."1 ryu:~l t~, un~-t~.~~fth c~f: ~rarl~ taxrs and a~sr~.mrnt~ Hhich ma~ att:i~~~ ~ri~~nt~ utier thi~ Scrur?t~ (~~~tn~mrnt: 1b) >r:~rl~ Iratirh~~l~ ~a}mrnh ur gnii~nd rrnts ~m the Pro~ert~, if an~: ~r.~rl~ ha~arel in~ur?nre ~rrmium~: an~i (~1~ ~~•_~~I~ ;,i,,r~gagN ii},uiance prem~ums, ii an~. These item~ are cullyd "rxnn~ ~trm~." Lrndrr ma~ r,nnuitr the }=?~n~1. clur ~±ri tht ha.i, .~f curreni data and scationahle etiumate~ of futurr etcro« item~. The F~ind. tihall be held in an instituti~n the de~xlviti ur ar~uunlti uf h~rh are ~n,urrcf ~~r guarantred h~ .i I~edrr:il rr ~tatr aKrn~~~ (inrluding Lender if l.es~der is surh an institution). Lender ~hall a{~pl~ the f=w~dti t~~ pa~ thr «rm~~ item.. l.endrr m.i} nc~t rharge for holding and ;~ppl~~ing the Fundti, analyzing the acc~~unt ~~r ~erif~~ing the e.rro~~ itcnu, unleti~ 1+•nr1.,r lL: :~:i~~i~i vii ii~t i' WIU1 ~t1C1 d~~I1C3bIC 18N' ~f(111Iti 1_ender to r~~:i~t ~urh a chargr. B~~rn~~~rr .lllC~ l.rnder ma~~ ,?gree in w~riting that interest 5ha11 be paid on the Fundti. l'nless an agreemrnt i~ mad~ ur ~ip~firahle l~i~~ rryuires intere~t t<~ hr paid, Lender ~hail not be reyuired to pay~ Barre~W er ;~n}~ interest ~~r earning~ ~~n the Fundti. Ixn~ier tihall gi~e t~~ Bo~~c~wer, w•tthout charge, an annual accounting of th~ Fus:~l~, tih~~~~ing crrdih and dchit~ tc~ the ~=undti ,ind th~ ~ur~»r fur hirh earh debi~ to the FunJs was made. The Furids are pledged a~ additional ~ccurit} for thr sums sccured h~ thi~ Serurit~ Intitrument. [f the amc~unt ~~f the Funds held b}~ Lender, together N~ith the future manthl} pa}~ments of Fund~ pa~able prior t~~ the due dates ~~f the escr~~w items, sha{1 exceed the amount required to pa}~ the esrruw~ item~ w hen dur, thc exre>, ~hall be. at Borruw~er'c option, either promptl}• repaid to Borrov?~er or credited to Borrower on monthl~~ pa~~mentti of Funds. If thc amc~:int of the Funds held by Lender is not sufficient to pa}~ the escrow items w~hen due, Borrower shall }~a~ te~ Lender an~ .imount nerestiar~ to make up the deficiency in one or more pa}•ments as required by Lender. Upc~n payment in full oi'all sums secured by this Security Instrument, Lender shall promptl~~ refund to Borro~~er an~~ Funds held b~~ Lendec. If under paragraph 19 the Property is sold or acquired b~~ Lender, Lender shall appl~~, no later than immediately prior to the tale of the Property or its acquisition by Lender, an}~ Funds held b~ Lcnder at the time ~~f application a~ a credit against the sums secured by this Security Instrument. 3. Application of Pa}•ments. Unless applicable law~ provides otherw~ise, all pa~~mcnts rerei~ed b~ Lender under ~aragntphs 1~nd 2 shall be app?ied: first, ta late charges due under the Note; second, to prepa~~ment rhargeti due under thr tiute; third, to smounts pa~•able under paragraph 2; fourth, to interest due; and last, to principal due. 4. Charges; I.iens. Borrov?~er shall pap aN taxes, assessments, charges, fines and im~sitic~ns attributable tu the Propert~~ w~hich ma}~ attain priorit~~ over this Security lnstrument, and leasehold paymenis or grc~und rentti, if an}. Bcirrow~er shall pa}~ thetie ~bligations in the manner provided in paragraph 2, or if not paid in that ma~iner, Sorroaer tihall ~a~~ them on time directly to the ~enon owed payment. Borrower shall promptl~~ furnish to Lender aU notices of anu~unt~. to br: paid under this paragraph. If Borrower makes these payments dirertl}~, Borrow~er shall promptl~~ furnish to Lender rereipts evidencing the pay~ments. Borrow•er shall promptl}~ discharge an~• lien w~hich has priorit~~ over this Securit~~ Instrument unless Bc~rroN~er. (a) agrec~s in w~riting to the pa}•ment of the obligation secured bp the lien in a manner acceptable to Lender; (b) c~~ntests in g~xx1 i~aith the lien b}~, ~~r defends against enforrement of the lien in, legal pra:eedings which in the Lender's opinion clpc:rate to prevent the enforrement of the lien or forfeiture of any part of the Property; or (c) secures from the holder uf the lien an agreement satssfactor}~ to Lender subordinating the lien to this Securit~• Instrument. If Lender determines that an}~ }~art of the Yropert~~ iti subject to a lien which may attain priorit}~ o~~er this Securit~- Instrument, Lender ma~~ gi~e BorroHer a notire identif}~ing the lien. Borrower shall satisfy~ the lien or take one ~s more of the actions set forth abo~e w•ithin 10 da}~~ of the gi~~ing of notire. 5. Hazard Insurance. Bormw~er shall keep the improvements now~ existing or hereafter erected on the Yropert~ E ~ntiured againtit loss by fire, hazards included within the term "extended crnerage" and an}~ other hazards for w hich Lender ~ rec{uires inrurance. This insurance shail be maintained in the amounts and for the pericx~s that Lender requires. The ~ insurance carrier ~r,ro~~iding the insurance shall be chosen by Borrow~er subject to Lender's approral w~hirh tihall nc~t be ~ unreason~bl}~ w'ithheld. ~ A!! insurance ~licies and renewals shall be acceptable to Lender and shall inrlude a standard mortgage clautie. [.rnder shall ha~~e the right to hold the policies and renew~als. If Lender reyuires, Borrower shall ~romptl}~ gi~•e to Lender ~ all receipts o~ paid premiums and renewal notices. In the event of loss, Borrow~er shall gi~~e prompt notire to the insurance ~ carrier and Lender. Lender may make proof of loss if not made promptly by Borrow~er. L'nless Lender and Bnrrower otherwise agree in writing, insurance prc~ceeds shafl be a~~+lied to rest~~ratic~n or re~air ~ ~~f the Prcipert~~ dam~ged, if the restoration or repair is economicall~~ feasible and Lender's securit~~ is nc~t lessened. If thr ~ ~e~torati~,n or repair is not economicall}~ feasible or Lender's securit~• w~ould be lessened, the insurance {~roceedti shall he ~ ap~iied tc~ ~he s~ms secured by this Security Instrument, whether or not then due. with an}• excess paid to Borrow~er. If ~ Bc,rro~~er abandons the Propert}~, or does not answ~er w~ithin 30 da~~s a notice from Lender that the insurance rarrier ha~ ` c~ffered t~~ settle a claim, then Lender may~ co{lect the insurance proceeds. Lender ma~• use the prc~e:eeds t~ re~air ~r re.tc,re f the Propert}~ or t~~ pa}~ sums secured b}~ this Serurit}~ [nstrument, w~hether ~r not then due. The 30-da~ peri~~d ~cill begiri ~ ~+hen ihe notice is g~ven. ~ t`nfc~s t.ender and B~rrow-er otherw~ise agr~.e in w riting, any~ a~+~lirati~m of pre~c:eeds tc~ ~rinripal shall not exte~zd ~~r : ~e~~t~c~ne the due date of the mc~nthi~~ pa}~ments referred ro in paragraph~ i and 2 or rhange the ~m<~unt c~f the ~a~ ment~. If ~ uncier pasagr3ph Iq the Property~ is acquired b~~ Lender, Borroa•er's right t~ an~ insurance ~ulicirti and rmceeds re~ultin€ ~ fmm damage to the Propert~~ ~rior to the arguis~tion sha4{ pa~s tc~ Lender ti~ !he extent c~f the sum~ ~,erured h~ thiti S~rurit~ [s~strument immediatel}~ prior to the acyuisition. ~ 6, Yreservation and ~taintenance of Property; I,easeholds. F3nrre~wer tihall r.<~t de~trc~~, damage c~r tiuhtitsntiail~ ~c ~hange the Pm~ert}~, alioH~ the Vropert}~ to deteriorate ar commit ~~aste. If this Srci~rit~ In~trumeat i~ cm ~ Ira~ehc~(d. E3c~rm~er shall ce~rnpl} ~~ith the provisions ~f the lease, and if B<~rrower aryiiires fee title tc~ the Pm~en~, the leatiehi~ld a?zci fec title tihall nc~t merge unless I.ender agrecs t~ Ehe merger in w~riting. 7. Yrotection of Lender's RiRhts in the Propert~~; tilortga~e Insurance. If Borr~~~~er failti tc~ ~erfnrm th~ ~~~~enar.t~ and agreements c<~ntained in this Securit~~ Instrument, ~r there ~s a legal ~rc~~eeding that ma~ tiignitirantl~ atFert Lender'ti rightti in the Vrc~~,erty~ (such as a proceedin~ in bankruptc}~, ~+rabate, far condemnation ar tc~ rnfarce laa~ <~r rcgulatic~m), then Lender ma}~ da and pa}~ for w hate~er is necessar~~ t~ protert the ~ alue of the Pro~ert~ and Lrnder'~ ri~ht~ in thr Pm~ert~. Lender's acti~~ri~ ma~~ include pa~~ing an~~ sums secured b~~ a lien ~chi~h t~a, ~+ric~rity c~~er :hi, Serunt} Intitrument, a~~earing ~n c~urt, pa}~irig reasonable attorrie}~s' fees and entering c~n the Pre~~erh tc~ make re~airti. Alth~~ugh ~ Lender ma} take actic~n ~nder this paragraph 7, Lend~r does not ha~~e to do sc~. An~~ amc~unts disbursed h~ Lender under this paragraph 7 shal) bec~mr additic~na! deyt c~f fte~rr<~~cer tier~red h~ thf. Securit~ Instrumer.t. L nletti B~~rr~w~er and Lender agree to other term~ c~f ~a~ ment, these amc~untti ~hal) bear irt!ere.t frc~m the date ~~f di~hur~entent at tne \c,te rate and ~hall be ~a~ahle, with interetit. u~~m nc~hre frc~rn L.~nder ti~ Rrrr~~~~rr rcyue~t~ng ~a~ ment. p 675 Fa~E 141 BO~K ~ - - - Jw_ ~_r~~ . ~ . , .