|
� Z�15�51�5
<br /> Paym�nt af Pr�ncipai and Int�rest; a�her�harges.Barrou�er sha�l promptly pay�vhen due the pr�ncxpa�of and
<br /> in�erest on the debt awed u.nder the��ntrac�and Iate charg�s or any o�her fees and cha�ges due under the�an�ract.
<br /> Appiicable Law. As used in this 5ecuri�y Instrumen�, �he term "Applicab�e Law" shall mean all ��ntr�lling
<br /> app��ca�Ie federa�, s�a�e and�ocal statu�e�, regu�a�ians, ord�nan�es and adrnin�strative rules and orders ��ha�have
<br /> �h�effec�of Iaw�as vveil as all appli�ab�e f�nal,non-app�alable judicial opini�n�.
<br /> �harges; Liens. Sorrower sha�� pay al� �axes, assessments, charges, fnes and irnpasi�ions at�ribu�able to th�
<br /> Praperty wh�ch may at�a�n pr�or��ty o�er this S�curi�y�ns�rument, and �easehold payments or graund rents, if any.
<br /> At the request of Lender,Borrower sha�l promptly furnish tfl Lend�r receipts e�idencing t�e payments.
<br /> Barrawer shall promp�iy discharge any 1ier�which has priorit�aver this Secur��Ins�rum�nt un�ess Borra�wer: �a�
<br /> agrees in wri�ing t4 the payment of the obl�gati�n seGured by �he Iien in a manner a�cep�able t� Lende�r; �b}
<br /> cantests in good faith �he �ien by, �r defends agains� enforcement �f the lien in, Iegal proceedings which �n the
<br /> L�nd�r's op�ni�n operate t� pre�ent �he enf�rcement of�he ��e�; or (c� secur�s fram the hold�r of�he lien an
<br /> agreemen�satisfactory to Lender subordinating�h� ��en�o th�s S��uri�y�ns�rumen�. Zf Lender determines that any
<br /> par�of�he Fraper�y is sub�ect to a lien which rnay at�ain pr�ori�y over this S�curi��nstrument, Lender may g��e
<br /> Borrower a n���ce �dentifying the 1xen. Barrower�ha�l sat�sfy the �ien or take one or mare�f�e actians set fflr�h
<br /> above tivrthin 1 Q days of�he giving of natice.
<br /> Ha�ard or Proper#y Insurance. B�rrovver shall ke�p the impra��m�nts naw�xisting or hereafter erec�ed on the
<br /> Prop�rty insured aga�nst Ioss�y fzre, hazards in�luded vvrthin�h��erm"ex�ended�overage"and any other ha.zards,
<br /> including fl�ads or flooding, fnr which Lender requ�res �nsurance. Th�s insuranc� shall he maintazned �n the
<br /> amoun�s and for�he periods that Lender requires.The insurance�arri�r prflWiding�he insuran�e shall be�hflsen by
<br /> Barro�ver subj ect�o Lend�r's appraval v�hich shal� not be unreasonably withheid. If B�rrow�r fails to mainta�n
<br /> cflverage described a�ove, L�nd�r may, at Lender's �p�ian, ob�ain �overage �a proteet Lender's rights in the
<br /> Proper�in accordan�e with sec��on ti�led Prote�tion of Lender's R�gh�S�n the Property.
<br /> All �n�urance p�licies and renevvaXs shali be acceptable �� Lender and �hai� inc�ud� a standard mor�gag� Clause.
<br /> Lend�r shall have�he right�a hold�he palicies and r��newa�s. If Lend�r requ�res, Borr�wer sha��prornpt�y giv�to
<br /> Lender all receipts �f pa�d prerniums and renewal nflt�ces. In the e�ent of�oss, Bflrrgwer shall gi�e promp�noti�e
<br /> t�the insuranc�carrier and Lender.Lender may mal�e proof of lass if no�made prompt�y�y Barravver.
<br /> Unless Lender and Barrovver otherwzse agre� �n wri��n�, �nsurar�ce pr�ceeds shall �e applied to restara�ron or
<br /> repair af the Prflp�rty dama�ed, if, in Lender's soie discr�t�on, th� restoration or repa�r is econom��a��y feasib�e
<br /> and Lender's security is not lessened. If, in Lender's s�le d�s�ret�on, the restoration or repair�s nat ec�norni�aily
<br /> feasible or Lender's security v�rould be les�ened,�he�nsurance proceeds shal�be applied to the sums secured by this
<br /> Securi�y �nstrum�n�, wheth�r or not then due, with any excess paid t� Borrow�r. �f B�rrov�er abandons the
<br /> Proper�, ar does not answer within the number of days prescrib�d by Applicab�e Law as s�t for�h in a notice fram
<br /> L�nder to Borrawer that the Xnsuran�e carrxer has offerec��a se�tle a clarm, then L�nder may��llec��he insurance
<br /> pr�ceeds. Lender may use the pr�ceeds to repair or res�ore�he Proper�y or�a pay sums secured b�th�s Securifiy
<br /> Instrumen�,whether�r�o��hen due.Th�period af��me for Barrawer to ansvver as set forth in the no�ic�,wxll begin
<br /> when�h�n�tice is giv�n.
<br /> Unless Lender arid Barrawer otherw��e agre��n wrzting, any app�ica�ion of pro�eeds�o principal shal�not ex�end
<br /> or pastpone�he due �ate of the pa�ments due under�he Can�ract�r change the arnount of the payments. �f under
<br /> #he sectifln tz�ied Acc��erat�on; Remedies,the Property�s acquired b�Lender, Borr�vtrer's r�gh�ta any insurance
<br /> polxc�es and pr�ce�ds r�sul�ing frarn damage ta �he Property priar to �he ac�uisi�ion shal�pass �fl Lender to the
<br /> ex�ent af the sums s�cured by this Security Instrument imm�d�ately prior to the acquisi�ion.
<br /> Preser�vatzon, Maintenance and Pro�ection vf the Proper�y; Barrflw�r's Loan Appircaf�on; LeaS�h�ids.
<br /> B�rro��r sha��not destr�y, darnage or�mpair�he Properry, a�low�he Praper�y ta deteriarate, or comm�t wa�t�on
<br /> the Praperty.Barrowe�r shall be in defaul�if any forfeiture act�on�r proc�ed�ng,whether ci�il or cri.mina�,�s begun
<br /> �hat in Lender's good fai�h�udgment could resu�t in forfe�ture �f�he Froper�ar othervv�se materially impair the
<br /> lien created �y �h�s Securx�y Instrumen�t or Lender's security �nterest. Barro�v�r may cure such a default and
<br /> reinsta�e, as pro�rided in sec��fln titled Borrower's Right tn Reins�at�, by causi�.g the action or proceed�g to be
<br /> � dismissed vv�th a rul7ng that,in L�nder's gaad faith d�termination,precludes f�rfeiture of�he Borrov�er's inter�st in
<br /> the Proper�y or other mater�a� zmpairm�nt of the �ien created by this Secur�ty �nstrument ar Lex�der's secur��y
<br /> �nterest.Barraw�r shall also be in defaul�if Borr�v�er,during the Ioan appl�cat�on pr�cess,gave ma�eria��y false or
<br /> �naccurate information �r statemen�s �o Lender �or failed to prov�de Lender wxth any material inforrnat�on� in
<br /> connecti�n v�r�th�he �oan evid�nced by�he Contract. �f�his Security�nstrum�nt i� �n a�easehold, ��rrov��r sha�l
<br /> c�mp�y vvith aI�th�pro�isions of the lease.zf Borr�wer acquires fee tit�e�o the Property,�he Ieasehald and�h�fee
<br /> t�tle shall not merg�unless Lender agrees to the merger in writing.
<br /> Pro�ectxon �f Lender�� R�ghts in the Proper�y. If Bflrrow�r fails to perform the ca�enants and agreemen�s
<br /> eon�ained in�hrs Securit��nstrument, or�her�i�a legal�roc�ed�ng�ha�may sign�ficant�y affect Lender's r�gh�s�n
<br /> the Properry �such as a proceeding �n bankrupt�y, pr�ba��, for condemna�i�n ar farfeiture �r ta enforce �av�s or
<br /> reguiations3, �hen Lender may do and pa� for whatever �s n�cessary to protect the �ralue of�he Prop�rty and
<br /> Lender's rights in�he Properry.Lender's act�ons ma�include paying any sums secured by a Iien�vh�ch has priar��y
<br /> a�er this S�curity Znstrument,appear�ng in c�urt,pay�ng reasona�le attorneys'f�es and en�er�ng an the Prap�r�y�o
<br /> make repairs.Although Lender may take ac�ion under�his sect�ony L�nder does not have to da so.
<br /> Any amnun�s d�sbursed by Len�ier under this se�tion shall become addi�ional d�bt of Borrower �e�ured by �his
<br /> Se�urity �nstrum�n�. Unl�ss Borrawer and L�nd�r agr�e �o o�her terms o�'pa�nen�, �hese amounts sha�l hear
<br /> ���a4-ZO���omplian�e Systems,InG.FD64-ll486-2013L2.]fl.t 895
<br /> C4nsumer Reat Estat�-Security�nstrurnent DL2D35 Pa�e 2 of 5 www,�ampliancesystems.cQm
<br />
|