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2� 1 ��29�4 <br /> Pa�ment of Prin�ipai and Intere5t; Qther t��.�rges.B�rraW�r sh�.Il promp�Iy pay v�hen du�the pr�ncipal of and <br /> in�eres�an�he debt��ved under the Contract�lnd la�e charges ar any o�her fe�s and cha.rges due under�h��ontrac�. <br /> Appli�able Law. As us�d �n this Security Instrumen�, �he �erm °'Applicable Law"� sha�l mean a�� ca�.�ra�Iing <br /> applicabl� federal, s�a�e and 1aca1 s�a�u�es, r�:gu�a�ians, ordin�nces and administra��ve ru�es and �rders �t�iat have <br /> �he effec�af�aw�as�e11 as a11 app�i�ab�e fina.l,non-appealabl�judicial�pini�ons. <br /> �harges; Liens. B�rravver sha1� pay a�I �a��es, assessm.ents, charge�, fin�s and ima��sitions at�ribu�b�� �a th� <br /> Prgperty tivhich may at�ain prior��y over this ��ecurity�nstrument, and leasehn�d payments or ground re��s, if any. <br /> At�he request of Lender,Borra�rer sha�l pron�pt�y furnish�o Lender receipts evidencir.�g the paymen�s. <br /> Borr�wer shal�prompt�y discharge any��e�.�vh��h has priorzt��r over�h�s Securi�y Inst:rument un�ess Bo�r��rer: �a} <br /> agrees in wri�ing �o the paymen� of�he ob�iga�i�n secure�. by �he l�en in a manx�.er acc�ptable �o Ler�der; �b} <br /> contests in go�d faith the �ien by, or defend� agains� enforcemen� �f the Ii�n in, legal proceedings which �n the <br /> Lender's opinion opera�e to prevent the enf4�rc�men� af the lien; or �c} se�ures fr��n the hn�d�r of the lien an <br /> agreemen�satisfactory t❑Lender subord�n.a��1�g�he ��en to �h�� Secu.rity Znstrumen�. Yf'Lender determines that any <br /> par�of the Praperty zs subj ec�to a Iien vtrhicl�ma�r a�tain privri�r ��rer �hzs Securzty�n��rument, Lender rr�ay give <br /> BQrrativer a na���e iden�ifying�he lien. Barrat7ve�sha�� satisfy�he �ien or�ak� one or mare of the ac�ians se�f�rth <br /> above within 10 days�f the giv�ng of na�ice. <br /> Hazard or Pr�perty Insurancee Bfl�-rovver sha��keep �he�mpravements novv ex�s�xn�; or hereaft�r ere��ed on the <br /> Praperty insured against�oss by f re,hazards included within the term"ex�ended cave�rage" and ar�y other ha�ar�s, <br /> inc�udu�g floods or f�ood�ng, far which Le�ader requ�res �nsuranc�. This ��su.ranc� sha�� b� rnain�ained in �he <br /> amoun�s and far the periads that L,ender re�u�.res. The insu�anGe carrier prnv�dxng the i�nsurance sha��be chasen by <br /> Borro,wer subj ect t� Lender's ap�r�val vsrhic�a s�aall nat be ur�reas�nably withhe�d. I�'B�rr�wer faz�s to main�ain <br /> cav�rage descr�b�d abave, Len�er may, at Lender's apt�an, vb�azn coverage �o pro�ec� Lender's righ�s i� the <br /> Proper�y�n accordance wi�h sec�ion tit�ed Prc�t���i.on�f Lend�r�s Rights in�he Prop�er�y. <br /> Al1 insurance policzes and renevvals shall be ac�ep�abl� �o L��.der and sha�l inc�ude �� standard mortgage clause. <br /> Lender sha��hav��he righ��o hold the p��ic���s and renewals. If Lender re�uires,Borx�ower shall pramp��y gzve to <br /> Lender a��receip�s�f paid premiums and renewa�notices. In the e�ent af lo�s, Borro��ver shal�give prompt nat�ce <br /> �a the insurance carrier and Lender.Lender rnay make pr�af�f loss if no�made pramp�tly by Borrou�er. <br /> Unless Lender and Borrov�rer other�vise agr�;e in wri�ing, in�uranc� praceeds shall ��� applied to res�ora�ion or <br /> rep�ir of�he Proper�y damaged, if, in Lende�f5 5a�e diSCr��i�n, the res�t�ra�zon or repair is ec�namica�ly f�as�b�e <br /> and Lender's securi�}r �s n�t�essened. �f, in L,ender's sole discre�iQn, �he res�tvra�ion or repair is not ecanom�ca��y <br /> feasible ar Lender's security�vould b�lessened,�he insurance proceeds sha���e appliet�t��he sums secured b�r t�zs <br /> S e cur�ty Ins�rument, vvhether or ntit then d�ae, wi�h any exc ess paid �a I��rra�ver. If B�rrower aband�ns �he <br /> Proper�y, ar dQes n�t ansv�er w�th�n�he number of days prescrxbed by Applicable Law as set f�r�h in a noti�e from <br /> Lend�r�� Borrnwer�ha��he insurance carrie��has affered�a s��t�e a claim, then Lend+�r may collec��h� insurance <br /> proceeds. Lender may use �h� pr�ceeds �o repair or restore the Propert�r or�� pay su.ms se�ured by this 5ecurity <br /> �ns�rument,�vhether or not�hen due. The per���d�f time for Bor�otiver to ansv�r�r as se�7�or�h im the no�ice w�ll,begin <br /> tivhen the no�zce�s given. <br /> Un�ess Lender and Barrovver o�herwise agree i.n writing, any app�icati�n of proceeds ��o przncipal shail no�e��end <br /> �r postpone the due date of the paym�n�s du�:u�der the Contrac��r change the amou:nt of the pa�ments. If und�r <br /> the s�ction�i�led A�c�l�ra#ivn; l�emedie�, �r�e Pr�perty is aCquired by Len�er, Borro�vver's right�o any insurance <br /> pa�icies and praceeds resul��ng from damage �� �he Prope�-ty pr�or t� the ac�uisi��on s�a�� pa�s ta Lender �� the <br /> ex�er�t tif the sums secur�d by this Security�n�:trumen�irnmedi��ely pr�or�o�he acqu�s�tzan. <br /> Preserva�ion, Mai.n�enanc� and Protecti�:n �f the Prope�r�y; Borrovver's Lflan App�i.ca��on; L�aseho�ds. <br /> Borrovver sha1l not destroy, damage or impair��he ProperCy, al�ow�he Proper�y�o deter��rat�, ar comm��waste on <br /> the Proper�y. Barrower sha1�be in default�f a�1y farfei�ure acti�n or proceeding,vvhe�her c�v�l ar crimina�,�s�egun <br /> tha� in Lender's goad fai�h judgmen��ould r�:su�t �n forfeiture �f�h� Prop�rty or o�hE;rvv�se materially�mpair the <br /> �ien created by �h�s Security �nstrumen� or Le�zder's securi�� interes�. Borrower tnay cure such a default an� <br /> reinstate, as provided in secti�n��t1ed�3vrro��ve�'s R�ght tfl l���nstat�, by causing thF1 ac�ion or proceeding to be <br /> dismissed v�rith a ru��ng�hat,in L�nder`s gofld fai�h de�erm�na�i�n,pr�cludes farfe�ture flf the Borr�wer's interes�in <br /> the Property �r ��her material �mpai�ment of�he lien create� by �h�s Security �ns�rumen� ar Lender`s security <br /> �nt�rest.B�rrovver sha��a�so be in defaul�if B orr�v�rer,dur�ng�he l�an application prac�ess,gave ma�er�ally false ar <br /> inaccura�e �nforma��on or sta.tements ta Lent�er �or failed to provid� Len��r with a:ny materzal informatzom} in <br /> �annection w��h�he �oan ev�denced by the C�7ntract. If thi� S�curity Ins�ruxn�n�is an a�eas�h4ld, Barr�wer shall <br /> camp�y vvi�h al��he pro��sion� of the��as�. If Barrovver acquir�s fee�t��to the Pr�per�t�r,�he�easeh��d and�h�fee <br /> t��le shall n��merge unless Lender agrees to t�le merger in writing. <br /> PrQt�ct�.on of Lender's R�i�ht5 �n the Pro��erty. If Borrovver fails �o perfarm the �ovenants and a�reemen�s <br /> can�ained in�his 5ecurity Ins�rument, ar there is a�egal proce�ding that may signif ca����y affect L�nder's rig��s xn <br /> the Property �such as a proceeding in bankru.pt�y, proba�e, for condernna��an vr forf��iture flr ta �nforce Iavvs ar <br /> reguXations�, �hen Lender may da and pay �or �whatever �s r���essary �fl pr��ect the va�ue �f��e Praper� and <br /> Lender's rights in the Prop�rty. Lender's actia�7s�nay�nc�ude pa��ng a�y sum�secured by a Iien vvhzch has pri�r�ty <br /> o��r�his Secur�ty�nstrument, appearing i.xa,co�ur�,pay�ng re�.sfl�zable at�arney�'fees andl enter�ng an�he Property tfl <br /> make repa�rs.Ai�hough Lender may ta�e actian u.nder�h�s sect��n,Lender�.o�s not hav�e�o dQ s�. <br /> Any amounts disbursed by Lender ur�der thi�y s�ctzon sha�l l��come additional debt of B�rrovver secured by �his <br /> Securii.y Ins�ru.m�nt. Unless Borra�rer and L,ender agr�e �o a�her �erms of payrnenl�, these amounts sha�� �ear <br /> C�2444-2ai 5 Compliance Systerns,�nc.8C54-60DF-24I 5.I I.3,1�98 <br /> Cansumer ReaI Estate-5ecuri�y instn�ment DL203d Page 2 of 5 www.cvmpliancesystems.cam <br />