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2� 1 ��2595
<br /> �148,8��.�U�plus interest,I3orrower has promised to pay this debt in re�ular Periodic Payments and
<br /> ta pay the debt in�ull Y��t later than May l,2�4b.
<br /> (F} "Prop��rty"means the property that is described below under t��e heading"Transfer af Rights in
<br /> the Property."
<br /> tG} "Lourt"means the debt e�idenced by the Note,plus interest,any prepaymen�char��s an�late
<br /> charges due ui�der the Note,and�ilt sums due under this Securi�y Instrument,plus intere�t.
<br /> (H}"l�id�r•,s"means all Riders tn tl�is Security Instrument that are execut�d by f3�rrawer.The fol�owing
<br /> Riders are ta be�xecuted by Borrawer[�heck box as applicable]:
<br /> ❑ Adjustable Rate Rider ❑ C:ondominium Rider ❑ 5ecand Home Ride�-
<br /> ❑ Balloor�C�ider C� i'�al�n�d�Jnit I]e�elopment Rider ❑ l-4 Family Rider
<br /> ❑ VA Rid�r C� Biweekly Payme��t kid�r ❑ C7ther(s}[speci�}r]
<br /> (l� "�pplic.�al�le Law"sl�eas�s a�i coiltrn�lin�appiicab�e federal,state and local statutes,reguiatiot��,
<br /> ordinan�es and administrati�e ruies and�rders(�hat ha�e the�ffect af law}as weli as all appiicab�e
<br /> f nal,noYz-appealabl�j udicial opinians.
<br /> (J} "C�r��mu�ii�y A.ssociatinn 17ues,Fee,s,a�zd.4.�.sessrnent.s"meai�s alt dues,fees,a�sess�n�nts a»d
<br /> nther�harges that are imposed on Borr�wer or the Prnperty by a condominium as�o�iation,hom�awners
<br /> assoCiation or similar ar�;anization.
<br /> �K} "Etectronic F'�cr�d,�Trarr.sfer�"means any transfer of funds,other than a transaction originated by
<br /> check,draft,or similar paper ir�st�-ument,which�s initiated through an eiectronic terminal,telephanic
<br /> instrument,cornputer,or magne�i�tape sa as to arder,instruct,or authnrize a finan�ial institution to
<br /> debit or credit an accnunt,Such term iilcludes,but is not l�mited to,pnirlt-of-sale�ransfers,auto�r�a�ed
<br /> teller machine trai�sactioiis,trat�s�ers initiated by telephone,wire transfers,and automated clearin�house
<br /> transfers.
<br /> (L} "E,scrUw Ite»�.s�"TneaTis���nse�tem�tl�at arr:d�scribed iel 5ection 3.
<br /> (M} "Mrscella�aeraWs Procc.�ec�s"mear�s any cUmpei�sation,�ettlement,award of damages,or praceeds
<br /> paid by any third party�nther than irlsuranc�proc�eds paid under the ca�era�es describe�i«5e�tior�
<br /> 5}for:(i}daEizage tt7,c�r destru�ti�n c�f,the I'roperty;�ii}condemnatio��t�r other taking nf all t�r any
<br /> part of the I'roperty;�iii}cnn�eyance i�z lieu nfc�ndemilatiatl;nr(iv}rnisrepresentatians of',nr
<br /> omissions as tc�,the�alue an�lc�r condition of�he Prnperty.
<br /> (N} "Mortgage l�Z.sura�zce"rneans i�zsurancc protecting Lender agaii�st the naiipaytnent❑f,nr defau�t
<br /> an,the Loan.
<br /> (Q} "Perrodic Pcryr��ei�t"i��eans the re�ularly�ched��led amount due far�i}principal and i��terest
<br /> under the Note,plu�(i�}any amounxs utlder Sectic�iz 3 of this Se�urity 111strumei�t.
<br /> �P} "RESPA"mean�the Real Fsta�e SettleTnerlt�'racedures Act(12 U.S.C.Se�tion 2��1 et seq.}and
<br /> its imptementing regu�atiol�,Regu�a�ioiz�(12 C.F.R. Part 1�24},as they mig�lt be ametzded trni��
<br /> time to time,or any additiaj�al❑r suc�essor le�islation❑r regulation that gaWerns the same sub�ect
<br /> �...�!1 i,as���ss5
<br /> i1r�s
<br /> vM�
<br /> Walters Kluwer Financial Ser�ices 2Q16fl42015.1.fl.3112-J2fl151124Y Initiais: Page 2 of 17
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