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��15��115 <br /> �n�erest fram�he da�e of d�sburse�n�n�at the No�e ra�e and sha��be payable,v���h�nteres�,u �n no��ce fram Lender <br /> to Borrovv��r reques��ng payn�.en�. <br /> P <br /> Mar�gage Insuran�e. If Le�der required mor�gage �nsurance as a �and�ti�n of ma��n �he l ' <br /> g oan secured by th�s <br /> Se�ur��y Instrument,Borrower sha�l pay th�premiums required ta ma�nta�n the mor�gage�nsuran�e in effec�. �f f�r <br /> � <br /> any reason, � e mor�gage �nsurance coverage required by Lender �apses �r ceases to be �n effect, �orro�rer sha�� <br /> pay the premiums requ�red �o nbta�n cv�erage su�stantiaX�y equiva�ent �o the mor�gage �nsurance re��ausl in <br /> � Y <br /> effe��, a� a eost substantial�y equ��alent �o �h� cost �o Borrawer of�he mar�gage �nsurance re�ious� in effec� <br /> p Y � <br /> from an alternate mortgage�nsurer appraved�y Lender. If substantial�y equiva��nt mor�gage insurance co�era e is <br /> no� a�ailable, Borrower sha�� pay ta Lender each month a sum e ual to �ne-twe�fth � <br /> q of �h e yearly m ortgage <br /> insurance premium be�ng pa�d�by B�rrower vvhen the �nsurance caverage lapsed or ceased to be in effec�. Lender <br /> vvi�1 accept, use and retaln�hese payments as a �oss reserve in �ieu of mor�gage insurance. Loss reser�e a ments <br /> pY <br /> may no longer be requ�red, a� �he �pt�on of Lender, �f mortgage �nsurance coverage �i� the amount and for �he <br /> period that Lender requ�res}prov��ed by an�nsurer appraved by Lender aga�n becomes ava�lable a�d�s ob�ained. <br /> Borr��vver shall pay�he prem�ums requ�red ta m.ain�ain m�r�gage �xa.surance in effect, or�o pro��de a loss reser�e <br /> a <br /> unt� the requ�rem�nt far m��gage �nsurance en,ds �n ac��rdan�e w��h any �rit�en agreement �e�v�een Barr�vver <br /> and Lender ar Appl�cab�e Law. <br /> In�pe��i�n. Lender �r xts agen�may mak� reasanab�e entries upon and inspections of the Pro e . Lend�r shall <br /> p �Y <br /> g�ve Borr�wer notice at�he���ne of�r pr�or�o an xnspection spe��fy�ng reaso�ab�e cause fflr the ins ec��on. <br /> p <br /> Condemnatzon. The pro�eeds of any a�vard Qr��aim for damages, direc�or�ansequ�nt�al, in conne��ion���h an <br /> c�ndemna�ion or o�her�ak�ng of any par� af the Prope y <br /> rty, or f�r conveyance in l�eu af c�ndemna�ion, are hereby <br /> assigned and sha�l be paid to Lender. <br /> �n �he e�en� of a tata� taking of�he Pr�perCy, �he proceeds sha�� be applied �a the sums secured b this Se�ur� <br /> �nstrum�nt; whether or not �hen due, vv�th an excess a�d to B � � <br /> y p orr�wer. �n the e�en� of a part�a� �a��ng of�he <br /> Pr�perty �n v�h�ch the fair market �a�ue af the Propert�y immedia�ely bef�re �he taking �s e ual to �r rea�er�han <br /> � � <br /> the amount af the sums secured by th�s Secur��y �nst�rurnen� �mmed�a�e�y before �he tak�n , un�ess Barrflwer and <br /> � <br /> Lender��he�-vv�se agree �n�r���ng, �he sums secured by�h�s Security�nstrumen�shal�be redu�ed b the amou��t of <br /> �he proceeds mul�ip��ed by th� fo�lo��ng fra���on: a the�ota�amount of�he y <br /> � � sums secured �mmediate�y bef�re the <br /> �ak�ng, d�v�ded by �b} the fa�r market va�ue of�he Properfiy �mmediate�y before the tak�n . An ba�ance sha�� be <br /> � Y <br /> paid �a Barrower. In �he even�.of a partial �akimg of the Properry in whi�h the fair market �alue of the Pro e <br /> immed�a�ely�efore the taking �s less than �he amnun� of the su � p � <br /> ms secured �mmed�a�eiy before �he �ak�ng, unless <br /> Borrower and Len�er otherwise agree in v�ri�ing ar unless Applicable Law o�herv�ise prov�des, �he ro��eds sha�I <br /> be applied�o�he su�rns secure�by th�s Se�urz �nstrumen�v�rheth�r�r no�the p <br /> �S' sums are then due. <br /> �f the Prape�-ty is abandoned by Borrav�er, or if, after notice by Lender�a Borrower�ha��he �ondemnor affers to <br /> make an award flr settle a ciaxxn for damages, Borro�er fa��s�a respond to Lender w�th�n the m�n�murn number flf <br /> days es�ablished by Applicab�e La�after the da�e the n�tice�s given,Lender is author�2ed�fl col�e�t and a 1 the <br /> pr�ceeds, at its ap�ian, e�ther �a res��rat�on or re a�r of�he Pro e or to the �p y <br /> P p �`#.y sums secured by th�s Secur�ty <br /> Instrumen�,wh��her�r no�then due. <br /> Unless Lender and Borrower otherwise agree �n wr�ting, any app��cat�on af proceeds ta rinci al shall no�ex�end <br /> � � <br /> or postpone t�ae due d�.te of tl�e paymen�s referred to in the section ��t�ed Payment �f Pr�nc�pa� �nd In�er��t• <br /> Prepaymen�and Lat�Charges or change�he ampun�af such payments. ? <br /> Barrower Not Re�eased; Forbearan�e �3y Lender Not a Wa��er. Extension of �he t�me for a ment or <br /> mod�fcat�on �f amort�zation vf the sums secured b th�s Securi �ns�rumen� r � y <br /> �' ty g anted by Lender �o Borrovver or <br /> any successor in in�erest of Borr�v�er sha�l n�t aperate t� re�ease the I�abil�ty Qf �he vr�ginal Barrov�er or <br /> Borrower's suc�essors �n interes�. Lender sha�� n�t be reyu�red ta commence proceedin s a a�nst an succ�ssor�n <br /> � g � <br /> in�erest�r refuse t�ex�end t�m�for payment or atherv��se modify amar��zati�n of�he sums secured b this Securi <br /> Ins�rument by reas�n of any demand made b the or� �nal Barr y � <br /> Y g �wer flr Borrovver's successors in in��rest. �ny <br /> f�rbearance by Lender �n ex�r�ising any right or remedy sha�l not b� a wai�er of�r reclude �he exercise �f an <br /> r�ght flr remedy. p �' <br /> �uccQssors and Ass�gns Baumd; J�int and Se�erai L�ab���ty; Acctim mflda��on Si ners. The c � <br /> g a enan�s a�d <br /> agreements of�h�s Security Ins�rument sha�l bznd and ben�eft the successors and assigns �f L�nder and Borrower <br /> su�aject to the provYs�ans �f s�G���n tx�led 'I"ransfer of th� Prvperty vr a Benefic�a� Interest in Borrawer. <br /> Borrower's cflvenants and agre�ments shail be j��n�and severa�. Any pers�n who ca-signs�his Securi �nstrumen� <br /> but dves no� execu�e �he No�� "Accommada�ion S� ner" • � <br /> � g }. �a} rs co-s�gn�ng �h�s Se�ur�ty �nstrument �rn�y to <br /> m.or�gage, gran�and convey tha�Accomrnodatian Signer's �nteres�in the Property under�he terms of�he Securi <br /> Instrumen�; �b} is no�p�rsonai��obl�gated t� a �he sums secured b t ' � <br /> � Y y h�s �e�ur�ty Instru�nent; and�c� agrees�ha� <br /> Lender and any other B�rrower may agree to extend,m�d�fy, forbear�r make any accomm�da��ons with re ard ta <br /> the�erms of th�s Secur�ty�ns�ru�nen�or the Na�e wi�haut tha�Accommoda���n S� er' g <br /> gn s consent. <br /> Laan Charges. If the ��an se�ured �y th�s Se�urity �nstrumen� is subj�c� to a �a�v wh�ch sets max�mum �aa�. <br /> charges, and tha� �aw 1s fina��y�n�erpre�ed sa�ha�the �nterest or o�her l�an charges c���ected flr tfl�e c���ected�n <br /> connection with �he Ioan ex�e�d �he permitted �im��s, then: �a� any such lflan charge shall be reduced b the <br /> arn�un�nec�ssary�o reduce the �harge to the permitted X�m��s and b an sums a�re � <br /> � � y ady collec�ed frorn B�rr��er <br /> wh�ch exceeded permitted limi�s ���I be refunded to B�rrawer. Lender may choose to make this refund b <br /> reducing �he pr�nc�pa� ow�d under the Na�e or by mak�n a direct a ment to Bor � <br /> � p y rovver. �f a refund redu�es <br /> prxncipal,�he reduc��on v�r�i�be trea�ed as a par��a�prepaymen����hou�any prepayment char e ur�der the Note. <br /> � <br /> C 2Q04-2�I4 Compliar�ce Systems,Inc.FDGD-6719-ZDl3L�.�Q.I.895 <br /> Conse�mer fteal Estate-Security Instrument DL2035 p����o�s � <br /> www.c�mpliar�cesysterr�s.�om <br />