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��15���94 <br /> Payme�a�vf�'rir�eipa�and Ir�terest; ��her�lharges•Borrower shall promptly pay when due the princ�pal of and <br /> �n�eres�on�he de��o�ved under�he Con�ract a�d l�te charges ar any other fees a�d charges due und�r the Contract. <br /> Ap�licable Law. As used in �his Securi�y Ins�rumen�, �he term "Appl�cab�e Law" shal� mean a�l controt�ing <br /> a�plicab�e federal, s�a�e and lflcal statu�es, regula�ians, ordinances and adm�ni���rative rules and orders �that have <br /> �he effe�t�f iaw}as�vel�as aI�app��cable fina�,non�appea�able judic�al Qpinz�n�f. <br /> �harges; L�ense Borrovver sl�al� pay all taxes, assessments, charges, fines and imposition� a�.ribu�able ta �he <br /> Pr�perty which may a�tain pr��ri�y �ver this �ecuri�.y �ns�rument, and leaseho�cl payrnents ar ground ren�s, �f any. <br /> At�he reques�of Lender,Borr�v�rer sha�1 promp�ly furr��sh to Lender rece�p�s e�3ldenc�ng�he�ayments. <br /> B�rrov�rer shall prflmptly d�scharge any lien v�hic�a has priori�.y�Wer th�s Securit��nstrun�en�unless Borrower: �a} <br /> agr�es in wri�ing ta �he pay�r�en� of the ob�igat��n secured by �he I�en �n a manner accep�able �o Lender; �b� <br /> cvntests �n goo� fai.�h the �ien by, �r defends aga�ns� enforcement of the l�en �n, 1ega� proceedings tivhich in �he <br /> Lender's �pini�n apera�e �o pre�en� the enfarcement �f�he Iiea�; or �c} secu�-es fr�m the h��der af the lien an <br /> agreemen�satisfa��ory�a Lender su��rdina��ng�he l�en�o�his Securi�y �ns�ru��ent. �f Lender de�erm�nes that any <br /> par�of the Property �s subj ect�t� a �ien wh��h�nay attain pr�ori�y over�his Set:ur�ty�ristrument, Lender may giv� <br /> Borrov�er a nfl�ice �dent�fying�h� lien. B�rr��ver shall sa��sfy�he l�en or take c�ne �r�nare of�he actions set forth <br /> above w��hin �D days of�h�giW�ng of n�o�ice. <br /> Hazard 4r Prv ��-� Insur��nce. B�rrflvver sha�1 keep�he i�nproWemen�s now existing or hereafter erected on�he <br /> � Y <br /> Praper�y�nsured aga�ns�loss by fire,hazards incluc�ed�vi�hin the�erm"e��ended co�erage" and any��her hazards, <br /> includ�ng flaods or fla�d�ng, for �vhich Lender reauires insurance. Th�s �nsurance sha�1 b� ma�n�axned �n the <br /> amoun�s and for�he per��ds that Lend�r requires. �he insurance carr�er pro��dir�g�he�nsuran�e shall be chosen b� <br /> �3orrower su�je�t �o ]Lender's approva� which shai� na� be unreas�na�bly vvith]�eld. �f Borrower fails �o maintain <br /> �overage des�r�bed above, Lender may, at Lender's opt�on, ob�ain co�erag�� to pratect Lender's rights in �he <br /> Property in acc�rdance with sec��on ti�led Prvtection of Lend�r's Rights in the Praperty. <br /> A1� insurance p�lic�es and rene�vals shali be a�ceptab�e �o Lender and sha�� i���iude a staridard m�r�gage clause. <br /> Lender sha�I have�he right�o hold�he po�xcies and renewa�s. If Lender requ�r��s, Borr�wer shall pr�mpt�y give to <br /> Lender all receipts of pa�d pr�rr�iums �.nd rene�v�.�not��es. �n�he e�rent of lass, Borrower sha.11 give pr�mp�noti�e <br /> �o�he�nsuran�e carrier and Lender.Lender may make proof�f l�ss�f nflt mad�promp�tly by Borr��ver. <br /> Unless Lender and Borrawer ��hervvis� agree iri wr�ting, insurance proceed�� sha�I be applied to rest�ration or <br /> repa�r af the Properry damaged, if, in Lender's s�le discre�ion, the res�ora��ar� or repair is e�onom�cally feasible <br /> and Lender's se�uri�yy is not l�ssened. If, in Lender's s��e discretion, the res�o�-a�ion or repair is n�t econ�mically <br /> feas�ble or Lender's secur�ty v�vould be Iessened,th�insurance proceeds shail be app�ied ta�he sums secured b�th�s <br /> Secur��y �nstrumeri�, whe�he�- ar na� �hen due, with an}� e�cess pa�d �� Borrower. �f Borrov�er aband�ns �he <br /> Property,or does not answer wi�h�r�th�num�er of days pres�r�bed by App��ca���e Law as set forth�n a n��ice from <br /> Lender�o Borrflvver�hat the �nsuran�e carr�er has �ffe�ed�o set�le a c�aim, �he�n Lender n7ay ca�lect the �nsurance <br /> proceeds. Lender may use �h� proceeds to repa�r or restvre the Pr�perty or t�� pay sums secured by this Securit�r <br /> �ns�rumen�,whe�her or no�then due. The per�od�f t�me for Barrovver�o ans�ve�r as se�for�h in the n�tice will beg�n <br /> v�hen�he natice xs giv�n. <br /> Uniess Lender and Borrower o�herw�se agree in writing, any app�icatian of proceeds�a pr�ncipal shall no�ex�end <br /> or p�stpone �he due date of tihe paym�nts due under�he �an�rac�t or change th.e arn�unt flf�h�payments. If under <br /> the sect}on��tled Aecel�rati�n; R�m�d�e�, the PrQp�rt� is acqu�red�y Lend�r, Borrower's right ta any �nsurance <br /> pal�cies and proceeds resu�t��g fr�m damag� �� �he Prop�rty pr�or t� �he ac�_uisi�ifln sha�� pass �o Lender �a the <br /> extent af the sums secured b�this 5ecuri�y Instrumen��Ynmediate�y prior to the acquisiti�n. <br /> Pr�servati�n, Ma�ntenance and Protec�ion uf the 1'roperty; Borrower's ]Loan App�icat�on; Leaseho�ds. <br /> Borrovver sha��not destroy, damage o�-impa�r the Property, a�low�he Prop�rtJl to de�eriora�e, �r c�mmit was�e on <br /> the Pr�pe�t.y.Barr�wer shall be in defaul�if any farfe�ture action�r pr�ceedin�;,�v�rhe�her c��i�or criminal,�s begun <br /> �hat in Lender's gafld fai�h j udgm�nt �ould resu�� in farfexture af�he Prope�� or otherwise mater�a�ly impair the <br /> lien created by this Secur�ty �ns�run�.ent or Lender's secur�ty interest. B�rr��v�er may cure such a defau�t and <br /> reinstate, as pr�Wid�d in section�itled �o�ravv�r's �ight �a l�.�insta�e, by ca�.�sing the act�on�r pr�ceeding to be <br /> dism�ssed vv��h a ru�ing�ha�, in Lender's gflod fa��h determ�na�ion,precludes forfe�ture of�he Borrower's in�erest�n <br /> i:he Praperty ar o�her ma�er�al impairment of�he l�en crea�ed by �his Secur�i�y �ns�rument �r Lender's secur��y <br /> interest.B�rrower sha��a�so be in defaul�if Sarr�wer, c�uri�ag�he ioan app�icati�n pr�cess,ga�e materially false or <br /> ina�curate infflrmati�n �r s�atements �o Lender ��r failed �o pr�vide Lende�� w��h any ma�eriai informati�n� in <br /> connection wi�h�he laan e�idenced�b�the Con�ra��. If this Secu��ty �nstrume�.t is on a Ieasehold, Barrov�er shall <br /> camp�y v�ith all the pravisio�s�f th�lease.�f Barrower acc�uires fee title to�h�J Proper�y,the�easehald and�he fee <br /> ti�Ie shali not merge unless Lender agrees to�he�nerg�r in vsrri�ing. <br /> Protec�ion of Lender's �t�gh�s in the lProp�rty. If Borrv�e� fa�is to perform th� covenants and agreemen�s <br /> c�ntained in this Security�ns�rumen�, or t�ere is a�ega� pr�ceed�ng�ha�may�fign�f can�ly affec�Lender's righ�s in <br /> �he Property (such as a proceeding �n ban�rup��y, pr��bate, for c�ndernna��or► or forfexture or �o enf�rce lav�rs or <br /> regulations}, then �ender may d� and pay for wha�ewer is necessary to prc�tect the �alue of the Property and <br /> Lenc�er's righ�s in the Proper�y. Lender's actxons may inc�ude payi�g any sums secur�d by a�ien which has priority <br /> over�his Securi�.y Instrumen�, app�ar��g in couri.,�ay��g reasonable at�orneys'fees and en�ering on the Praperry�� <br /> make repairs.A1th�ugh Lender�nay�ake ac�ian under����s section, Lender doe.�no�ha�re��do sa. <br /> Any amoun�s disbursed by Lender under this sec�ion shal� become add��ian��l deb� of Borrower secured by �h�s <br /> Secur�ty Instrumen�. Unless Borrovver and Lender agree �o o�her terms of payment, �hese amaunts shall l�ear <br /> Q 2444-?Q�4 C�mpliance Systems,Inc.FDS�-3 C 11-2fl 13L2.10.1.895 <br /> Cansumer Real Estate-Security Tnstrumer�t DL2Q3fi Pa�e 2 of 5 www.campiiancesystems.cam <br />