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Home My WebLink About2944 i t' ~ I I ~~R~t C~ t~~~~ 1 s Horrou er and !_rndrr a~~ enant :~nd agrir a~ ii~UuN 1. Nay mcnt of Principal and lnterest; Prepayment and l.ate Charges. H~~rruH rr ,hall ~~rumE~tl~ hrn ~iu~ ' - f .f -1 .L .l_L. J _J l_ .L \f., ~a 1. .l. ,7. I~i. `.~I. i ii~r 4~~ ~~~di ~~iu iiiicic~i ~iii u~c ucui c~iuc ii~iu u~ u~i .~i~iC u~~u iii~~ ~,i~j,a:j:1:t:~i ::~7.. ~wiC:~~.::E.', ~ 2. Funds for Taxes and Insuranee. Subjecl tu applicabie law~ ~~r to a w~rttten wa~~rr b~• I_rn~lrr, Burruwrr ~haU tu t.rndrr un thr da~ monthly payments are due under the Note, iinul the Note i, paid in full, a+um ("Fuizdti") ryual tu ~ une-taeifth uf: (a) }e~rly taxc~ and ~?sses~ments w~hich may attain priorit~ o~er thi, Securit~ Inti~rumrnt; ib) ~e:~ri~ ~ lea~ehold payment~ or ground rents on the Property, if any; (c) }'early harard in~uranre prrmium~: and (d) ~rarl~ ~ murtgage insurance premiums, if any. These items are called "esrrow itrm~." 1_rndrr m~~ r~timate the Fun~lti due on thr , h:~tiis uf current data and reason~ble estimates of future escrow itemti. The Funds tihall t~e held in an institution the de~xxits or accounts of w hich ~re in~ured ~~r gu:?rantrrd b} a federal ur ~tate agency (including Lender if Lender is such an instiwtion). Lender sh:~ll appl} the Fundti to pa} the e~rruw item~. l.ender may not rharge for holding and applying the Funds, analyzing the account or ~~erif~~ing the c~crow items, unlr~s ixnder pay~ti Borrower interc~t on the Funds and applicable law permits Lender to make surh a charge. B~~rroKer and l.rnder ma}• agrce in w~riting that interest shall be paid on the Funds. Unless an agreement is madr e~r applirable ISH' r~yuires intereu to be paid, Lender shall not be required to pay Aorrower an~~ interest or earning~ on the Funds. Lender ~ ,hall give to Barrow~er. H~ithout charge, an annual accounting of the Fur.ds show~ing rredits :~nd deoitti to the Funds and the ~ ~ur~x~se fur w~hirh earh debit to the Funds was made. The Funds are pledged as ddditional srrurit~~ fc,r thr sum> >cYUred b} ~ thisSecurity lnstrument. lf the amount of'the Funds held by Lender, together with the futurr monthly pay~ment5 of Funds pa}~:~ble priur tu ~ ~ the due dates of the escrow items, shall exceed the amount required to pa~~ the escrow~ items w~hen due, the excess shal! bc~, ~ at Borrow•er's option, either promptly repaid to Borrower or credited to Borrower on monthly pa~~ments of Fwids. If the amount of the Funds held b}• Lender is not suflicient to pay the escrow items when due. Borrower shall pa~~ to Lender an~ ~ amount necessary to mai:e up tne denciency in one or more pdymeni~ n~ rryuircci t~y LcnJc~. ~ U~n payment in full of all sums secured by this Security Instrument, Lender shall promptl}~ refund to I3orrow~er an~~ Funds neld b}~ Lender. If under paragraph 19 the Properiy is sold or acquired bp Lender, Lender shall appl~•, no later ' ~ than immediately~ priar to the sale of the Property or its acquisition by Lender, any Funds held b~~ Lender at the time of ~ application as a credit against the sums secured by this Security Instrument. 3. Applieation of Pa~~ments. Unless applicable law provides otherwise, all pay~ments receired by I.ender under ~aragraphs 1 and 2 shall be app!ied: first, to late eharges due under the Note; second, to prepayment charges due under thr tiote; third, to amounts payable under paragraph 2; fourth, ro interest due; and last, to principal due. ; 4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositi~ns attributable to the ~ Propert~~ which map attain priority o~•er this Security lnstrument, and leasehold payments or ground rents, if any. ~ B~~rrow~er shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrow~er shall ; pa~ them on time directly to the person owed payment. Borrow~er shall promptly furnish to Lender all notires of amountti ' t~~ be paid under this paragraph. IF Borrower makes these payments direc:tl~~, Borrow~er shall promptl}~ furnish to Lender j rrceipts e~~idencing the payments. Borrower shall promptiy discharge any lien w~hich has priority over this Securit}~ Instrument unless Borrow~er: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good t~aith the lien b}~, or defends agaznst enforcement of the lien in, legal proceedings w~hich in the Len~er's opinion oPerate to pre~ent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreement satisfacror~• to Lender subordinating the lien to this Security Instrument. If Lender detern~ines that any part of the Propert}~ is subject to a lien which may attain priority over this Security Instrument, Lender ma}~ give BorroHer a nc~tice identifying the lien. Borrower shall satisfy the lien or take ane or more of the actions set forth abo~~e within 10 d~}~s nf the giving of notice. 5. Hazard Insurance. Borrower shal! keep the impro~~ements now existing or hereafter erected on the Propert~~ ; ~nsured against loss by fire, hazards included w~ithin the term "extended coverage" and any other hazards for w~hich Lender requires insurance. This insurance shall he maintained in the amounts and for the periads that Ler.der requires. The ; ~nsurance carrier providing the insurance shall be chosen by Borrower subject ro Lender's approval w~hich shall not be ~ unreas~nablp withheld. ~ All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ~ I.ender shall have the right to hotd the policies and renewals. If Lender requires, Borrower shall promptly gi~~ to Lender ~ all rereipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt natice to the insuranre F carrier and Lender_ Lender may make proof of loss if not made promptl}~ by Borrower. E ; Unless Lender and Borrower otherw•ise agree in writing, insurance proceeds shall be ap~lied to restoration or repeir ~ ~~f the Prof?ert~~ damaged, if the restoration or repair is economically~ feasible and Lender's security is not lessened. If the restoration or repair is no! economically feasibie or Lender's security would be lessened, the insurance proc:eeds shall bc~ ~ a~plied to the sums secured b~~ this Security Instrument, whether or not then due. with an}~ excess paid to Borrower. If ` Borrow•er abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier ha~ ~ c~ffered tc~ settle a claim, then Lender ma}~ collect the insurance proceeds. Lender ma~~ use the prcx:eeds to repair or restore K the Propert~~ or to pa}~ sums secured b}~ this Security Instrument, w•hether or not then due. The 30-day~ ~riod will begin 5 w hen [he notice is given. `s Unless Lender and Bc~rrower otherwise agree in w~riting, an~~ application of proceeds to principal shall not extend ~~r ` p<,stpone the due date of the monthl}~ pa}•ments referred to in paragraphs 1 and Z or change the amount ~f the pa~ ments. If ~ u~der paragra~h l9 the Pro~n}• is acquired by Lender, Borro~~er's right te~ any~ insurance ~olicieti and proceeds resulting ~ from damage to the Pro~ert~~ prior to the acquisition shall pass to Lender tc, the extent ~f the sumti tiecured h~ this Serurit~ ~ Instrument immediatelt~ prior ta [he acquisition. ~ 6. Preservation ar~d ATaintenance of Property; Leaseholds. B<~rrower shatl not destro}~, damage ~r sub~tantialL ~ change the Property~, allow• the Propert}~ to deteriorate or commit a~astr. If thi~ Securih Instrun~e:~t iti on a ieaseh<~Ici. E3c~rrower shall comply~ w~ith the pro~~isions of the lease, and if Borr~wer acquires fee title t~~ the Yropert}. the leatiehe~ld and fee title shall not merge unless Lender agrees to ihe merger in writing. 7. Protection of Lender's Rights in the Propert}•; `fortgage Insurance. If Borrower faik to perfarm t}:e ~cn~enants and agreements contained in this Securit}~ Instrument, or there is a lega! ~r~eed6ng that ma~~ significantl~ afTect Lender's right~ in tne Propert}~ (such as a proceeding in bankruptc~~, probate, for condemnation or to enforce !awti e~r regulatic~ns), then Lender ma}~ do and pay for whate~~er is necessar~~ to protect the value e~f the Yropert~ and Lender't right~ _ in the Propert}. Lender`s actions ma}~ include paying an}~ sums secured b} a lien w~hich hati priorit~ ener this Serunt~ (nstrument, appearing in court, pay~ing reasonable attorneys' fees and entering on the Propert} t~ make repairti Although s- t ..,a.. ..,G-. . ..ao..?.:~ ~ i a,. t,...,,..,. a,.. o . . . : b: P. t... , P . . . ~ u .An~ ame~unt~ ditihursed l~}~ Lender under this paragraph 7~shall`becomr addit~onal debt c~f Borrc~wer se.ured b} thi~ r; Securit~ Instrument. Unlest Borroa~er and Lender agrec ta other term~ ~f pa~ r.~rnt. these amauntti tihall Ese:~r intere~t frc~m r the date nf di~bunement at thr \otc rate and shail be pa~abie, u~th interrst. u~~~n ncihce fre~m Lender te~ Burrc~w~r requetiling pa~ment. ~Q~~ 675 F~~t 2944 - - --------r-- - _ d _ _ ~ _ . .__.~r ~ ~.~a. av ~ __rri_~;