|
��14�357�
<br /> Payment of Princzpa�and Interest; �ther Charges. Bor�ovver shall promp�ly pay wher�due the princ�pal of and
<br /> in��r�st on t�a.e debt o�ed under the�on�ract and la�e charbes�r any other fees and charbes due under the�an�ract.
<br /> App��cable Lavv. As used in thzs Secur�ty �nstru�nent, the term "App]icab�e Law" s��all mean all contr�lli.n�
<br /> appl�cable federal, sta�e and Ioca� statu�es, re�ula�i�ns, ord�nances and adminis�ra�ive r�les and orders �that ha�e
<br /> the effec�af�aw�as weil as a1i a,pp�i�ab�e fina�,non-ap�ea�ab�e jud�cial flp�nians.
<br /> �h�rges; Lzens. Borrower sha�l pay all taxes, assessmen�s, cha�-�es, f nes and ixnpositians attributab�e to the
<br /> Propex-�y wh�ch may attazn priflrzty o�er th�s Security znstrumen�, and �easehfl�d paymen�s or�round ren�s, if any.
<br /> A��h�request of Lender, B�rrow�r shall pr�mp��y furn�sh to Lender receipts e�idencin�the payments.
<br /> B�rrower sh�ll pr�mptly dischar�e any �ien wh��h has priority o�er t�is Securi�� Instru�-nertt uniess Borrower: �a3
<br /> a�rees in vvr�t�ng t� the paymen� of the ob�i�atian secur�d by t�e ��en �n a manner accep�ab�e ta Lender; �b�
<br /> contes�s �n �ood fai�h the lien by, or defends against enforce�ent of�he lien in, lega� pr�ce�din�s which in the
<br /> Letader's npznion opera�e to pre�ent �he enfo�cement af the �ien; or �c� secures fram ��e hoIder of�he lien an
<br /> agreem�nt sa�isfac�ory to L�nder subflrdina�in�the Iien to �h�s Security Instrumen�. �f Lender determ�nes �hat any
<br /> part �f the Property is sub�ect to a lien which may attain pr�ority ��er this Security �nstrument, Lender mfay �i�e
<br /> Bor�ow�r a notice identifying the �ien. Bnrrower shall satisfy the �ien or take on� or more of�he acti�ns set farth
<br /> abo�e w�th�n I�days of the g��in�of na���e.
<br /> Hazard �r Praperty Insurance. Barrower shall keep the improveme�ts now ex�s�in�or hereaft�r erected on the
<br /> Praperty insured aga�nst l�ss by fre,hazards included with�n th��erm "extended covera�e" and any other hazards,
<br /> zncluding floads or fl�oding, for which Lender requires �nsurance. This insurance sha�l be ma�n�a�ned in the
<br /> am�un�s and f�r the periods�ha�Lender requ�res. The insuran�� carr�er pro�iding the insurance shal�be chosen by
<br /> Bo��ower subject to Lender's appra�al wh�ch sha�l not be unr�as�nabiy vv��hheld. �f BorrQwer fa�ls to main�ain
<br /> c�vera�e described abnve, L�ndex �nay, at Lender's aption, ob�ain co�era�e ta pro�ect Lender's ri�hts xn the
<br /> Propez-ty in accordance wi�h sec�i�n�xtled Prfltection�f Lender's R.ights�n#he Property.
<br /> AlI �nsurance poi�c�es and renewa�s shali �e accep�able �a Lender and shall inciude a s�andard �nor��a�e c�ause.
<br /> Lender sha�� ha�e�h�r1�ht�o hfl�d th� po�icxes and r�newals. If Lender requi�res, Borrower shall pramptly�ive�o
<br /> Lender aIl receipts of paid premiums and renewai no��ces. In�he event af��ss, Borrow�r shall g��e prompt notice
<br /> ta the�nsurance carrier and Lender. Lende�r may make proof of�ass if no�made promp��y�y B�rrower.
<br /> Un�ess Lender and Borrovver a�herwYse a�ree in writin�, insurance proceeds sha�l be app�ied to res�orat�on or
<br /> repair of the Proper�y damaged, if, in Lend�r's sole dis�retion, the r�s��ration �r repair is econo�nically feasib�e
<br /> and Lender's security is nat I�ssened. �f, in Lender's sole dis�re�ion, �he res�ora��on or repa�r �s nflf econom�cal�y
<br /> feas�b�e ar LenderTs secur�ty would b��essened,��.e insurance proceeds sha�l be app�Xed���he sums se�ured by this
<br /> Security �nstrum.ent, whether or nat then due, wi�h any exc�ss paid ta Borrower. �f B�rrowe�r aband�ns �he
<br /> Pr�perty, ar does not answ�r w��hin�he number of days p�rescribed by Appl icab�e Law as set for�h in a notice f�orn
<br /> Lender ta Borrower tha�the insurance carrier has offered�n �e�tle a claim, then Lender may coilect the insurance
<br /> proceeds. Lender may us� the proceeds ta repa�r ar r�store the Proper�y or �fl pay sums secured by th is Securi�y
<br /> instrumen�,v�hether or nat then due.The periad of tim�far Borrower�a answer as se�fflr�h in�he no�ice vv�il b��in
<br /> wher��h�no�ice is given.
<br /> Uta��ss Lender and �orrower otherwise a�ree in vvrit�n�, any appl�catifln af proceeds to principal shall na� extend
<br /> or pastpone the due date of the payments due under�he �antract�r chan�e the amount of the paymen�s. �f under
<br /> the se�tion�i��ed .A►cceierativn; R�med�es, th� Propert� is acqu�red by Lend�r, B�rrow�r's ri�ht�o any i.nsurance
<br /> palicies and proceeds result�n� from damage to �he Proper�y prior ta the acauisition shall pass �o Lender to the
<br /> extent of�he sums se�ured by�his Security Ins�rument in�med�ate�y priar to�he ac�uis��ion.
<br /> Pr�ser�ati�r�, M�intenance and Pro�e�ti�n of the �raper��; Sorrovver's Loan Appl�ca�ion; L�aseha�ds.
<br /> Barrower sha�l no�des�roy, damage ar impair the Proper�y, al�ow the Praperty�fl de�eri�rate, �r c�m.m�t waste fln
<br /> �he Proper�y. B�rrower sha�l be in default�f any farfei�ure act�on or pro�eedin�,whe�her ca��l �r criminai, is be�un
<br /> tha� �n Lender's �aod fa��h judb�ment cou�d resul� in forfeiture of the Praper�y or fltherwise mater�ally impa�r�he
<br /> lien crea�ed by th�s Secur�ty Instru�nent ar Lender's security in�eres�. Sorrower may �ure such a defaul� and
<br /> re�s�ate, as pro�ided in secti�n�i��ed g�rrov�er's Rrgh� �o Re�ns�a��, by caus�ng�he ac�ion�r praceedin��o be
<br /> dismxssed w��h a ru�xng that, zn Lender's good fai�h determinati�n,preciudes forfe��ure of the Borrowe�r's interes��n
<br /> �he Praper�y or o�her ma�eria� �mpa�rm�nt of th� Iien �reated by �h�s Secur�ty Znstrumen� or Lender's secur��y
<br /> ir�terest. Borrnwer shal�also be in default if Borrovver,during�he loan applica��on pracess,bave ma�eria��y fa�se or
<br /> inaccurate informat�on or sta�ements ta Lender �or fai�ed to pravide Lender with any material infarmatian� �.n
<br /> cannection with�he laan e��denced by�he Con�ract. If�his Secur��y I nstrumen� is an a Ieasehold, Borrower shali
<br /> comp�y with ai��he pro�is�ons af the �ease. If Bor�-�wer acquires fee title to�he Pr�per�y,the Ieasehoid and the fee
<br /> txt��shal�not merge unless Lender a�rees t��he merber in writi.ng.
<br /> Pr�tect�on nf Lend�r`s Rights �n the Property. Tf Borr�wer faiis tfl perfnr�n the co�enants and a�reements
<br /> conta�ned �n�his Security �nstz-urnent, or�here is �legaX proceed�n��hat ma� sz�nificantly affect Lender's ri�hts in
<br /> the Property �such as a proceedin� xn bankruptcy, praba�e, for condem.na��on or forfei�ure or�o enforce Iaws or
<br /> re�u�a��ans�, �hen Lender may da and pay for whatever is necessary �o protec� the va�ue of the Pr�perty and
<br /> Lender's rz�hts in the Proper�y. Lender's actrans nlay rnc�ude payin�any sums secured by a l�en which has pr��rity
<br /> over�his Security Ins�rument, appearin� zn cour�, �ayin�reasanable attarn�ys'fees and enterin��n the Propetrty to
<br /> make repairs.A�thou�h Lender may�alce a�tion ur�der this section, Lender does no�ha�e ta d�so.
<br /> Any amounts disbursed by Lender under this sec�ion shal� become addi�iona� de�bt of Borro�ver secured by this
<br /> 5ecurity Ins�trumen�. Unless Borrov�e�- and Lender a�ree �o ather terms of payment, these amounts shali bear
<br /> �2dQ�4-2D13 Cor��pliance Systems,In�.9F9G-DCD2-2Q13L?.�.72�
<br /> Cons�mer Real Estate-5ecurity Instrument DL2��6 Pa�e?af S www.camplia�cesystems.com
<br />
|