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2� 1 ��3278 <br /> Paym�ent of Principai a�d Interest; �ther�har°ges.Bflrr��F�r shall promptly pay when due the pr�nci��al of and <br /> �n�erest on the debt a�ed under t�he Contrac�and late charges ot�any��her fees and c��arges due u�der the�on�ra�t. <br /> App��cahle Law. As used �n �his Securi�y Instrumen�, th� ���rm ".�pplicable Lavv" sl�a�l me�n aIl c�on�rolling <br /> applicable federal, sta�e and ]ocal statu�es, regula�ions, ardina��ce� and administrati��rules and orders �that have <br /> �he effect of law}as w��x as al�a�plicable fina�,n�n-appea�able judicia��p�n�ons. <br /> �harges; Lien�. Borr�w�r shall pay a�1 taxes, assessxr�ents, charg�s, f�es and imposit�ons a�tributahle �o th� <br /> Property�h�ch may attain priori�.y aver th�s Securi�y �nstrume:r�t, anc� Ieaseh�ld payxa�en�s or ground ren�s, �f any. <br /> At the reques�of Lender,Borrower sha1�pr�mpt��r furnish�o L��nd�r receip�s e�idencing t�he payrnen�s. <br /> Borrov�er shall promp��y discharge any �ien�vhic�has pri�r��y ��er�his Security�nstr�urr�en�un�ess BorrQvver: �a} <br /> agrees in writing �o �he paymen� �f the �bl�ga�zt�� secured ��y �he �ien in a manner accep�a�►le to L�nder; �b} <br /> contes�s �n good fa�th the �ien by, ar defends against enfarce�nent �f�he �ien �n, legal pracee�.ings wh.ich in the <br /> Lender's op�nian operate �o pr��en� �he enforcernerit of the �ien�; o�� �c} se�ures fr�m �he halder �f t��e lien an <br /> agreem.en�sa�isfactory�to Lender sub�rdina��ng the lien�o this Securi�y Ins�rument. If Lender d.�termines�ha�any <br /> �ar� of the Property �s sub�ect�o a �ien which may attain pr�ori�� over�his Securit� �nst�ument, Lender may gi�e <br /> Barrovc��r a n��i�e �den�ify�ng�he �ien. Barrower shall satisf�the �ien ar take one or m�re af�he ac��on;s se�forth <br /> aba�e wi�l�in 1�days af�he giving of n�tice. <br /> H�z�rd ar Prop�rty Insur�nc��. Borrav�er slaa�l keep the �rnpraven�en�s now ex�s�ing or he1 ea�t�r erec�e�l on�he <br /> Propert�insured against Iass by fire,hazards�ncl�ded wi�h�n t��e term"extended�o�erage't and any o�her hazards, <br /> in�lud�ng flaods ar f�aading, for �hich Lender �reQuires ins�.�rance. Th�s insurance shai� l�e mai��a�n�d in the <br /> amaunts and for�he periQds tha�Lender requires. The insuranc�c�rrier provid�ng�he insurance�ha�1�e chasen by <br /> Ba�-r�wer subject �o Lender's approva� vvh�ch shal� ri�� be un.�eas�nah�y withheld. �f B�rrowe� fails to main�ain <br /> ��vera�e descri�ed ab�ve, Lender may, at Lender's ap�ion, ���ain co�erage to pro�ec� Len�er's r�ghts zn �he <br /> Property in accordance with sec�i�n�itled 1'ro�e��ian❑f Lend��r'�Rights�n the Proper�y. <br /> A�1 insurance ����cies and rene�a�s sha]� be ac��ptable to Le�r�der and shall include a sCandar�m�r�gage clause. <br /> Lender shall have�he r�ght�o h�Id the p��icies and ren�v�als. l f L�nder requ�res, Bo�-rovver shal_� promp�tly gi���o <br /> Lend�r a��receip�s�f paid premiums and renev�a�n����es. �n�he e�ent af loss, B�rrower shall gi�e pro�np�n�t�c� <br /> t�the�nsurance car�ier and L�nder.Lender may m�.ke proof of lass if no�made promptly by Barrow�r. <br /> Unless Lender and Borrovve� o�herw�se agree ir� v�rriting, �ns�xranc� proceeds �ha�l be app�ied t� restoratio�n or <br /> repair �f the Praper�y damaged, if, in Lender's sole discre���r�, ���e �-estora�ion or repair is eco�am�cal��y feasibXe <br /> and Lender's secur�ty is no��essened. �f, �n Le�der's sale disc:ret�on, �:he res��ra�Yan or repaxr i� not e�an�m�cally <br /> feasib�e or Len�er's securit�vv�u�d be lessened,��e insuran�e��raceeds shall be applied ta the sums secu��ed by th�s <br /> Secur��y �nstrument, vvhe�he.r or nat then due, v�ith a.ny exc.ess pa�d �o Barrov�er. If Barrovver abandons the <br /> Proper�y, or does not answer w��hi��he number af days p�-escribed by App�icab�e Law as se�for�h in a no��ce from <br /> Lender�o Borrower tha��he insurance carr�er has offerec��o s����le a clai�, �hen Lender ma�collect the insuranc� <br /> proceeds. Lender may use the pr�ceeds �� repa�r ar rest�re��.e Property or�a pay sums secured by thi�s Securit�r <br /> �nstrun-�en�,whether�r no��hen du�.The per��c��f t�me f�r Bo:r�a�ver ta ansv�rer as set�for�h in�h�no��ce wil�be�in <br /> vvhen the no��ce is gi�en. <br /> Un�ess Le�der and Borrov�er�ti��r�r�s� agr�e i� �vri��n�;, any���p��ca.tian of proceeds�o pr�ncipal sha1�mot ex�end <br /> �r postpone�he due date �f t�e payments due under t��e C�nt��c�ar charige the am�unt of the payment�. If under <br /> �he section titled Ac��leration; R.�med�es, �he Property �s ac��uir�d by Lender, B�rravver's rigY��t� any i�suran�e <br /> po�i�xes and p�-�ceeds resul�ing firom c�amage �a t��e PrQper�.y pri�r �a �he acquis�tion shalt pas.� t� Ler��der ta �the <br /> ex�en�of the sums secur�d by this Secur�ty�nstrumen�imrned���te�y p��or to�he acquisiti�n. <br /> Preser�ati�n, �aintena�c� and 1'ratec�inn af the Prnpe:r�y; ��rrower's Loan Ap�licat�on; I..�+�asehv�d5. <br /> BQrrower shall n�t destroy, damage or impair�he Pr�p�rty, a�:iovv the Proper�y ta de�eri�rate, �r commit waste an <br /> the Pr�perty.Borrovv�er sha�l be in�iefau��if any forfeiture ac�i«n�r pr�ceeding,whether c�vil or crim�na.l, is begun <br /> tha� �n Lender's good fai�h jud�mer�t could resul� in fa��e��ure� �f the PraperCy or other�ise md��rial�y impair the <br /> Iien created by �I�is Security �n�tru�men� ar Lender's �ecurit�,� interest. Barrawer ma� Cure such a default and <br /> reinsta�e, as prov�ded �n sectrar����led �3�rra�v�r�s Right ta l��eins��te, by caus�ng�he ac�ion or pr�c�ed�ng to �e <br /> dismissed wi�h a rul�ng tha�, �n�..�ender's go�d fai�h determinat��ri,pr�cludes forfeitur�of the Borra�ver's interes�in <br /> �he Proper�y or a�her materia� impairmen� of�he ��en create� by �his Security �nstrument or Lender's security <br /> �n�erest. Borrower sha�l a�sa be in default if Borrawer,dur�ng the laan appl�ca�ion�rocess,gave ma�erial�y fa�se or <br /> �nac�ura�e infarma�ion o� statements �o Lender (ar failed �� pr�v�de Lender wi�h any mater�a� znfor�ma�ion} in <br /> connection with the Ioan ev�denced by the Con�ract. Yf this S��curity �nstrume��t is on a leaseh�ld, Borrov�r�r shal� <br /> comp�y with all t�e provisio�s of�he�ease. 7f Bo�r���r acquir�s f�e ti��e to��e Prt�per�y,�he le�.sehald��nd�he fee <br /> �it�e shal�not merge unless Lender agrees t�the merger in wri��i�g. <br /> Prote�tian of Lender's l�igh�s in the Pr�pe�~t�. Yf Borrfl�n�er faiis t� perform �he covenan�s and a.greemen�s <br /> c�n�ained �n�h�s Security Ins�rumen�, �r there �s ��ega�proce+�d�r�g�ha�may significant�y affec�Le�der's rights �n <br /> �he Prope��y �such as a proceeding in bankrup�cy, praba�e, f«r condernnation or f�rfe��ure �r t� enfor�c� �a�s or <br /> regula�i�ns}, �hen Le�nder may d� and pay for vvha�ever �s ��ecessary to protect �he va]ue of the Pr��perty and <br /> Lender's r�gh�s in�he Praper�y. Lender's ac�ions may�nclude paying any sums secur�d�y a�ien v�hich�.as priarity <br /> over this Security Ins�rumen�, appearing in cc�ur�,�aying reasana�le a�torneys'fees and enter�n�on the�'roperty to <br /> make repa�rs. A�though Lende�-m�y take ac�ian under this sec��on,Lender d�es n�t ha�e to do sQ. <br /> Any �maun�s d�sbursed by Ler�der under this section s��a�� b��come additiona� del�� flf Barr�v��er secu�•ed by �h�s <br /> Security �ns��-ument. Unless Borr�wer and Le�.�er agree ta other �erxns �f�aymen�, �hese amounts shall b�ar <br /> C��00�-�015 CQmpliance Systems,Inc.$�54-E7Q�'-20I5.1 i.3.I�98 <br /> Cansurraer Reai Estate-Sect�rity Instrur��ez�t DL2�3b Pa�;e 2 Qf 5 www.compliancesys#ems.c�m <br />