Laserfiche WebLink
��14�4143 <br /> Applica��e Law. As �sed �n �his S�Cli.�'�� ��15�'U.I11�I7�, �he �erm "Appli��ble Law'�' shall mean a�I cantr�lling <br /> applicab�e federa�, s�a�� and l��al statu�es, r�gu�atinns, urdinances and adr��nistrative rules and orders �that�ave <br /> the effec�of law�as vve��as aI�app�icab�e f�na1,n�n-appea�able judicia��p���ons. <br /> Charges; L��ns. Borr�wer shal� pay a11 �axes, assessments, char�es, f nes and �mpos��ions attrrbutable �� �he <br /> Prope�-ty vvh��h n�ay att�.in pri�rz�y o�er this Se�urity�ns�rum�nt, anc� leasehold payn�ents �r ground rents, if any. <br /> A��he reques��f Lende�,Barrov�er sha1�promp�Iy furnish�o Lend�r receip�s e��denc�ng�he payments. <br /> B�rr�wer sh�.I�pramp��y discharge any lien which has priarit�r o�er�his S�curity�ns�rument un�ess B�rra�rer: �a} <br /> agre�s in vvri�ing �� th� payment of�he ab�igatian secured by �he lien in a manner acceptable �o Lender; �b� <br /> cont�s�s in good fa�th the �ien b}�, or defends agains� enfarc�ment of the l�en in, legal proceed�ngs which in the <br /> Lender's op�nion op�ra�e �o preven� the enforcemen� of the �ien; �r �c} s�cur�s from the holder of the lien an <br /> agr��men�satisfactory ta Lender sub�rd�nating�he Iien�o th�s Security Ins�rument. I�Lender detertnines�hat any <br /> part af th� Property is �ubje���o a �i�n vc�hzch may atta�n prior�t�over this Security �nstru�ment, Lender may give <br /> Barrower a���ice iden�ify�ng the l�en. Borrawer sha11 sa-��sfy�h� I�en or�ake one ar more �f�he ac�x�ns se�f�rth <br /> abave wxthin 1❑days of.the gi�ing of notice. <br /> Ha��rd �r Property I�nsuranc�.Borrovver sha�1 ke�p�he improvements novv e�isting ar hereafter erec�ed on�he <br /> Prvper�y�nsured aga�nst loss by fre,ha�ards included vvithin the term"ex�ended�overage" and any o�her hazards, <br /> �ncluding fl��ds ar fl��ding, for v�h�ch Lender requires insuran�e. Th�s insuran�e sha1� b� main�a�ned �n �he <br /> amaunts and for the periods��a�Lender requ�res.The�nsurance ca�rier pro�rid�ng the insurar�ce sha�l be chflsen by <br /> Borrower subject �fl L�nder's appraval v`rh�ch s�.al� n�� be unreas�nab�y �ri�hheld. If Borr�wer fails t� �naintain <br /> ���erage descr�bed ab��e, Lender may, a� Lender's opt�on, ab�ain cov�rage to protect Lender's r�gh�s in the <br /> Pr�perty in a�c�rdance w�th sec�i�n t��Ied Protection vf L�nd�r's lZightS i�the P�vperty. <br /> AI1 �nsurance pai�cies and renewa�s shall be acceptab�e t� Lender and sha1l ir�clude a s�andard mortgage ��ause. <br /> Lender shal�have�h�r�ght��hold the p�l�cies and renevsra�s. �f L�nder requires, Borrower sha�1 promp#�y g�ve�o <br /> Lend�r a11 rece�p�s of�a�d pr.emiums and renev�al n���ces. In the eve�t�f l�ss, Barro�ver sha�I g�ve prompt notice <br /> �a��e insuran�e carrier and Lender.Lender ma�xn.ake pr�of of loss if n�t r�ade promptly by B�rrower. <br /> Unless L�nd�r and B�rrov�rer otherwise agree �n wri�i�g, �nsurance pro�eeds shall be app�ied tv restoration or <br /> repair af the Property damaged, if, in Lender's so1� discre�ion, the res�or�.tian �r repair is �conomically feas�ble <br /> and Lender's secur��.y ��nat �essene�. �f, �n Lender's sa�e discre�i�n, the restoration or repair is no� economica�ly <br /> feasible�r L�nder's secur��r would�be�essened,the�nsurance pr�ceeds shall be app�ied�o the sums secur�d by�h�s <br /> Secur�ty �nstrument, vvhe�her �r no� �hen du�, v�i�h any excess paid �a Borrower. �f Borrower aband�ns �he <br /> Pr�per�y,or does nat answer v�rithin�he number of days prescribed by Appl�cable Law as set f�r�h in a notice fram <br /> Lender tv Borrower�hat the �nsurance carr�er has offered to se�tle a C�a�m,then Lender may �ollec�the insurance <br /> proce�ds. Lender may use the proceeds ta r�pair ar res�ore �he Proper�y or to pay sums se�ured by this Se�urity <br /> �ns�rument,vvhe�her or nat then due.The period�f t�.�n�for Borr�we���an�wer as se��f�r�h in the n��i�e vvi11 begin <br /> when the n�tice is g�ven. <br /> Un��ss Lend�r and Borrovver o�herv��se agree in v�rri��ng, any ap���ca�ian of proc�eds to pruac�pal shal�nat ex�end <br /> or pQstpone the due date af�he payments due under t�e �ontrac��r�hange�he amot�.nt�f�he payments. �f under <br /> the section ti��ed Acce�eratioa; Remed�es, �he Prape�is acquir�d by I�ender, �3�rrovver's righ�to any insurance <br /> p��i�ies and pr�Ge�ds resulting fr�m damage t� the Prvpert� pr�or to the a�qu�si�i�n sha�l p�ss to Lender ta the <br /> extent of the sums secured by_�h�s Se�ur��y�ns�rumen�immedia�ely prior��the acqu�s���on. <br /> Pre�er�ation, Maintenanc� and Protecti�n �f the P�•vperty; Borro�ver'� Loa� Application; Leaseh�lds. <br /> Bor�ra�ver sh�.1�nflt des�roy, damage �r impair�he Property, al�flv��he Proper�y t� de�eriora�e, or camm��was�e �n <br /> �he�r�per�y.Borrower sha�l be in defau��if any forfeiture act�on o�pr�ce�ding,whether civi�or crim�nal,is begun <br /> that in Lender's gaad faith judgmen� could result �n forfeiture �f the Pro�a�rty �r��herwise mater�ally impair the <br /> �ien created by �his S�curi�y Ins�:rument �r Lender's securi� �n�eres�. B�rro�er may cure such a defau�� and <br /> re�ns�ate, as pr�v�ded in s�ctivn�i��ed Borrow�r's Right tfl R��nstate, 1�y causing the action or proceeding to be <br /> dismissed with a ruling�that, i�Lender's g��d faith de�ermina�ion,prec�udes forfei�ure�f the�orrower°s in�erest in <br /> �he Proper�y or other ma�er�a� impairment af�he lien �reated b� this Security �nstrumen� or Lender's security <br /> in�e�est.Barrower shal�a�so be�n defaul�if B�rrower,du�ri�ng�he 1�an app���ation pracess,g��e materia�ly fa�se or <br /> �naGcurate �nfnrmation or s�atements to Lender �or fa��ed t� prav�de Lender v�rith any material �nformatian� in <br /> con�ection w��h the loan e�iden�ed�y the Cfln�ract. �f this Secu��� �nstr�.ment�s �n a Ieasehald, Bflrr�wer shall <br /> con�ply wi�h a�i the pr�vzsions af�h��ease.�f Borravver acqu�res fee title���he Prop�r�y,the l�as�hold and the fee <br /> �itle sha11 not xnerge un��ss Lender agrees to the merger in vvriting. <br /> 1'rotection nf Lender's Rights in �he Proper�y. �f Borrower fails to perf�rm the ca�enants and agreements <br /> cvn�ained in this Secur�ty�nstrumen�t, or�here is a legal pra�eedin�that n�ay signif�cantly aff�ct Lender's rights in <br /> �he Praperty �such as a pr�ceec�ing �n bankrupt�y, pr�ba�e, for ��nde�nnation �r forfe��ure �r�� enf�rCe laws or <br /> regula�ions}, then Le��e� may d� and pay far v�hatever xs necessary t� prote�t �he �alue af the Praperty and <br /> Lender's r�ghts in�he Properry. Lend�r's act�ons may include paying any sums secured by a l�en wh�ch has prior�fiy <br /> o�er th�s Securifiy�nstr�ment, appear�ng in��urt,pay�ng reas�nable attorneys'fees and en�ering an�he Property to <br /> make repairs.A�though Lender may take actifln und�r�his sectifln,Lender does not have to d�so. <br /> Any amaun�s disbursed by Lender under this sec�ion sha�l be�ome addit�una� debt of Borrov�rer s��ured hy this <br /> Sec�r�ty Instrument. Unless B�rrav�er and Lender agree to o�her terms of payn�ent, �hese am�unts sha�l bear <br /> in�eres� fram the date of disbursemen� at the same ra�e assessed �n ad�rances under �he Con�rac� a.nd sha1� be <br /> pay�ble,�ith interest,upfln n���ce from Lender to Borrov�er requesting pa�men�. <br /> �2404-2fl 13 Cotnpliance Systems,In�.9F95-6DB7-2413L2.�.721 <br /> Consumer Real Estate-Sec�rity Instrurnent DL2036 Pa�e 2 of 5 www.�onEapliancesystezx�s.ca�m <br />