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2� 1 �� 1 �21 <br /> App�icable La�v. As used in this Secur��y �nstrument, t�e �erm "Applicable Law" shall mean a11 con�rolling <br /> applicab�e federa�, state and la�al s�atu�es, regu�a�ions, ordinances an� adm�n�stra�i�e rules and orders ��hat ha�e <br /> �h�effect of�av�}as v���1�as al1 appl�cable fina�,non-appealable�udi��al opinions. <br /> �harges; L�ens. Bor�ower shal� �ay aI� �axes, assessme��s, �harges, fnes and impositians at�r�bu�ab�e �o �he <br /> Pr�per�wh�ch may a�tain prior�ty over this Security �nstr�men�, a��. �easeh�ld paymen�s or ground rer�ts, �f any. <br /> A��he re�ues��f Lender,Borr�v�er sha1�promp��y furn�sh��Lender re�e�p�s e��dencing�he payments. <br /> Borra�er sha�l prompt�y discharge an�lien which has priori�y ov�r this Security�ns�rumen�unless B�rrov4rer: �a} <br /> agrees in �vriting �o �he paymen� of the obligatian secur�,d by the lien �n a manner a�ceptable to L�nder; �b� <br /> ��n�ests in good faith the iien by, �r defends aga�ns� enforcernent of�he �ien �n, �ega� pro�eedings vv�ich in�he <br /> Lender's opin�on apera�e �o pre�en� t��e enforcement �f�he lien; �r �c� secures fr�m the ho�der �f the I�en an <br /> agreemen� sat�sfactary�a Lender subord�nating�he lien �o this Securi�y �ns�rument. �f Lender de�ermin�s tha�a�y <br /> par� of.�he Property is subj ect to a lien which may at�a�n prio�it� over this S�curity Instrument, Lender may gxve <br /> B�rro�er a nat�ce ident�fying t��e lien. Barra�er sha�i satisfy�he �ien or�ake one �r more of�he ac�ions se� for�h <br /> abave wi�hin I�days of�he giving of notice. <br /> Hazard or Proper�y Insurance. Borrower shall kee�the �mprovemen�s now existing�r hereafter erec�ed on the <br /> Pr�per��nsured aga�nst lass by f re,hazards�ncluded within t�e 1:erm"extended co�erage" and any other hazards, <br /> �ncluding fl�ads �r �looding, for whi�h Lender requires insuran�e. Th�s insurance sha�I �e main�ained �n the <br /> amounts and f�r�he periods tha�L�nder requires. The�nsurance carr�er pra�iding the insurance sha��be�h��en by <br /> Borr�wer subject to Lender's approva� �hich sha�X not b� unreasanably withheld. If��rr�v�er fails �o n�aintain <br /> �a�erage described above, Lender ma�, at Lender's np��on, obtain c��erage �o pr��ec� Lender's righfs �n the <br /> Proper�y in accordan��vtir�th section�i�led Pr��ec#ion of L�nd�r's Rights in the Praper�y. <br /> All �nsurance poiicies and renewals shall be acc�p�able to Lender a�.d shall inc�ude a s�tandard m�r�g�ge c�ause. <br /> Lender shail ha�v��he righ���ho�d�he policies and renewa�s. If Lender requ�res,Borrov�er shall pr�mpt�y g��r�t� <br /> Lender ail re�eip�s ot paid premiums and r�newa� notices. �n the e�en�of l�ss, BorrovWer shaX�gi�re prflmpt notice <br /> ta the insurance carri�r arid Lender.Lender may make proof�i'loss if no�made promptly by Borrower. <br /> IJnless Lender and Borrower atherwise agr�e �� v�ri�ing, insurance pr�ceeds sha�l be app�ied to res�:�r��ion or <br /> repa�r of the Proper� damaged, if, }n Lend�r's s�Ie disc�et�o�, �he res�oratifln ar repair is economi�ally f�asible <br /> and Lender's securi�� is not lessened. If, in Lender's s�Ie d�sGre�ion, fihe restoration �r repa�r is no� ec�namica�Iy <br /> feasiUle or Lender's security would be lessened,the�nsurance proceeds shai�be appl�ed to the sum.s secured by�his <br /> Securi� �ns�rument, whe�her or no� �hen due, with any exress paid ta Borr��er. �f Barrower ab�.ndons �he <br /> Prope�-ty,or does no�t answe�w��h�n�he number�f da�s prescribed by Applieab�e La�as se�for�h in a r�atice fr�m <br /> Lender to Borrov�er�hat the insuranc� carr�er has offered ta se��Ie a claim,then Lender may c�Ilect the �nsuran�e <br /> proceeds. Lender may use �he proceeds �o r�pa�r or rest��e the Proper�y ar�a pay sums secured b��his S�curi�y <br /> Ins�rument,whe�her ar no��hen due.The period of t��ne fo:r B�rr�vver�o answer as set for�h in�he nQ�ice wi11 be�in <br /> when��e notice is g��ren. <br /> Unless Lender and�orrawer o�herv�ise agr�e in vvr��ing, any applicati�n of praceeds to princ�pa� sha�I not extend <br /> or post�one the due �ate of�he payments due under�he C`an�ract���hange the amaunt of the paymen�s. �f und�r <br /> the sec��on�i�led Ac��lera�ion; Remedi�s, the Proper�y i a ac�uired by Lender, B�rr�vver's right�a any insurance <br /> p�l�cies and pro�ee�s resul�ing frorn dan�age �� �he Proper� prior �� �he acquisition sha�� pass t� Lender to th� <br /> extent of�he sums se�ured by this Security T�strumen�i�-nm�di�,�ely pr�or�o�he acqu�s�ti�n. <br /> Preser�at�on, Ma�n�enance and Pro�ectian �f �he Prop�rty; Barr�wer's Loan Appl�cat�an; Leasehald5. <br /> B�rr��ver sha�i not des�roy, damage or impair�he Pr�per�;y, a�low�he Pro�er�y to deteriarate, �r camm��v�aste�n <br /> the P�roperty. Borrov�rer sha��be in default if any forfei�u�e ac�ion or p�-o�eeding,whether�ivi�or cr��nina�, �s begun <br /> �ha� in Lender's goo� fai�h judgm�n� could resu�t �n forfei�ur� of the Property or o�herv��se material�y impa�r the <br /> ���n created by th�s Securi�.y �nstrument or �ender's sec�urity �n�eres�. Borrawer may cure such a defaui� and <br /> reinstat�, as prov�ded in sec�iQn�itled Borrvv�er�s Right �o Reins�a�e, by�aus�rig the acti�n�r proce�ding�a be <br /> d�smissed�ith a ruling tha�, in Le�der's g�ad faith de�ermin���on,pr�cludes farfei�ure af the Borrower's�n�eres�in <br /> �he Praperty �� other ma�erial i�npairmen� �f�he ��en cr�a�ed by this Securi�y Ins�ru.ment ar Lender's secur��.}r <br /> in�erest.Borrower sY�a�l also be in defaul�t if Borr�wer,during�l�e loan app�ication pracess,ga�re material�y false or <br /> �naccura�e informati�n or s�atements �a Lenc�er �or failed ta prov�de Lender vvi�h any mater�a� inf�rxnatzon} in <br /> c�nnection w�th the �oan e�idenced by the �ontra�t. If thi� Security �nstrumen� �s on a �easehold, Bor�ower �ha1� <br /> cornp��with a�l the prQ�isi�ns of the l�ase. �f Borrav�e�acqui�es f�e��t�e t��he Property,the�easeh�ld�nd�he fee <br /> ���te shal�not merge uniess Lender agrees�a�he merger in�rri�:�ng. <br /> Pratec��on of I.��nder'� Rights in the Pro�erty. �f B�rro�er fails �o perform �he covenants and agreem�nts <br /> conta�ned irt this See�uri�y�ns�rument, or�here is a legal proc�eding��aat may signif��an��y affect Lende�r's r�gh�s in <br /> the Praper�y �such as a �roceeding in �aan�:ruptcy, proba�e, fflr ��ndemnatian or forfe�ture or t� enfor�e �aws ar <br /> regula��ons�, �hen L�nder ma� d� and pay for �vhatever is nec�ssary �o protec� �he va�ue of�he Proper�y and <br /> Lender's righ�s in the Prr�perty. Lender's actions may include paying any sums secured by a lien whi�h has pri�rity <br /> o�er���is Security In�trument, appearing i.� �ourt,pa�ing re�.sc�nab�e at��rneys'fe�s and en�erin�on�he Pr�per�y�o <br /> l�ake repa�rs.Altho�gh Lender may take ac�ian under�his sec��i�n,Lend�r does not ha�e�o do so. <br /> Any amnunts dis�bursed �y Lender under �his sec��on shall 1�ecome additiona� deb� �f Borrower secured by �his <br /> Se�urity Instrument. Unless Borrov�rer and Lender agreP �a o�her terms of payment, �hese amoun�s shal� bear <br /> in�eres� fro�r� �he date of dis�ursemen� a� the same ra�e ass�ssed �n advances under the �ontract and shal� be <br /> payable,wi�h in�eres�,upan natice fr��t�Lender t�B�rr�wer reques�ing paymen�. <br /> �2Q��-2Q 15 Comp�iance Systems,I�c,8�5�-22E0-�O l 5.i t.3.1498 <br /> Cvnsumer Real Estate-Security Instru�nent DL2a3d Pa�;e 2 oF 5 WWW.C4ilE1�]�1�F1C�S�'SE�Ii'iS.C�Il1 <br />