Laserfiche WebLink
. 2� 1 ��4� 1 � <br /> Pa�men�of Principal an� Ix�teres�; �ther�harge�.B�rr��uer sha�l pramptly pay when due�he prvlcipal of and <br /> in�erest on�he deb�o�ved und��r�he�on�ract and l�.�e�harges or any other fees and charges due und�r�he Ct�ntra��. <br /> Ap�l�c�ble Law. As used L� this Security �nst�umen�, �he �erm "A�plicable Law" sha1l mean al� con�.rolling <br /> applicable federal, state and :[o�a1 statu�es, regula�ians, ordinances and admin�stra��ve ru�es and orders �that ha�e <br /> �he eff�ct�f law�as we��as a1�app�icab�e final,n�n-appealabl.e judicial opinions. <br /> Charges; Liens. Borravver .�hall pay alI taxes, assessments, charg�s, fines and impflsitions attr�biatab�e to �he <br /> Pr�perty which may at�ain prior��y oWer�his Security�nstrumen�, and�easehaXd paym.ents or graund ren�s, if any. <br /> At the request of Lender,�3ar.rawer sha�I promptly fixrnish to Lender re�eipts evidencing the payments. <br /> Borrower sha�l prompt�y c�ischarge any 1�en which has pr��rifiy over�his Security�nstrument un�ess�3orravver: �a} <br /> agrees in vvriting �o �he pay;men� of the abligat�on secured by th� l�en in a manner a�ceptable �a� Le�cler; (b} <br /> con�es�s �n g�od faith the �ien by, ar defends against enfvrcement �f�he I�en in, Iega� proceedings en�hic� i�n�he <br /> Lend�r's opinian apera�te ta pre�ren� the �nforcen�en� of�he �ien; or (c} secures frarr� the halder of the ��en an <br /> agreernent sat�sfactary to Ler�der su�bordinating the I�en t��.his Se�urit��nstrumen�. �f I�ender d�term�ines�ti�at any <br /> par�of the Property is subjec��t� a �ien v�hich may atta�n priori�y ���r�his Security Instrumen�, Lender�rn�.y give <br /> B�rrawer a notice �dentif�in�;the l�en. Barrower shall sa�isfy the l�en or tak� one or mo�e of the ac�ions s�t forth <br /> above w�thin �0 days�f the giving of notice. <br /> Ha�ard ar Pro�erty Insurance. Borrower sha��I�eep the �mprovernents naw���s��ng or hereafter erectec� fln�he <br /> Property insured aga�nst l�ss by f�re,hazards incXuded wi�hin the�er�n"extended coverage" and any c�ther ha�ards, <br /> �ncluding floods or flo�d�n�, f�r wh�ch Lender requires insuranc�. This ins�rance shall be maintaine� in �he <br /> amounts and for�he per�ads that Lerider requires.The insurance carrie�pr���d�ng the insurance shal�be ch�s�n by <br /> Borrower sub�ect ta Lender':a appro�ra� which shall no� be unreaso�a�ly wi�hheld. If B�rr�wer fail� tv mainta�n <br /> �o�erage described above, l:�ender may, at Lender's op�i�n, �btain co�erage to p���eCt Lender's righ�� �n the <br /> Property in accflrdance wi�h�►ec��on titled 1'rot���ion af Lender's l�ig�hts�n the Prop�rty. <br /> A�1 insuran�e polic�es and rene�nra�s sha�� be acceptab�e to Lender and sha�l ir�clude a standard m�r�tgag� clause. <br /> Lender sha�l have the righ��tf hold the pol�c�es and renewals. �f L�nd�r requ�res, Borravver shall promap�Iy g�ve�� <br /> Lender a11 receipts af paic�prem�ums and renev�al na�ices. �n the e�en�of ioss, Barrovv��shal� g�ve pramp�n�tice <br /> to the insurance carr�er and Lender.Lender may make pr��f of I�ss�f no�made promp��y b�B�rrower. <br /> Unless Lender and Borrower a�herwise agree in �riting, �nsurance �roceeds shall �e applied �o res��r���on or <br /> repair of�he Proper�y dama�;ed, �f, in Lender's so�e discret�on, �h� res�flration �r r�pa�r is ec�nom��ca�Iy �'easible <br /> and Lender's security �s n�� I�essened. If, xn Lender's so1� dis�re�i�n, the res�ora�i�n �r repair is n�t econ�mi�ally <br /> feasibl�or Lender's securi�y rnr�uld be lessened,the insurance pr�ceeds shall be appli�d���he sums s�;cured�y this <br /> Security Instru.men�, whether or n�t �hen due, with any excess �aid to B�rrflwe�r. If Borr�wer �band�ns the <br /> Proper�y, ar d�es n��ans�er v�i�hin the number af days prescribed�y App�i�able Lav�r�s se�for�h in�.noti�e from <br /> Lender to Bvrrawer that�he insurance �arr�er has �ffered to set��e a��aim, �hen Lender may c��lec��he in�uranc� <br /> pro�eeds. Lender may use �h.e proceeds �a repa�r or rest�r� the Praperty ar t� pa� sums secured by thxs �ecu�ity <br /> Ins�rum�.en�,whe�her or n���h�en due.The period of t�me f�r Barro�r�r�o ansv�er as se�forth in�h�not�i�e wi��beg�n <br /> when�he no�i�e is giv�n. <br /> Unless Lender and Barrow�r�otherv�rise agree �n�vrit�ng, anY applica��on of pr��eeds to principal sha�l n�t extend <br /> �r postpone�he due da�e af the pay�nents due under the Cantract�r c�iange the amau�t af the paym�en�s. If und�r <br /> �he se��ion���Ied Accelerati��n; Remed��s, the Pr�perty is acqu�red b�Lender, Borro�v�r's right to any in�urance <br /> policies and proceeds resu�ting fram damage tv �he Proper�y prior�� the acqu�s���on sha�l pass �o ]�,ende� �o �he <br /> extent of the sums se�ured by this Security Tnstrurnent�m�ed�ately prior�o�he acquisi��on. <br /> Preser�atifln, Maintena�c�; a�d Pr�tect�on of the P�-aperty; �arrawer'� Loan .�pp��cat�on; Leasehoids. <br /> Borrov�er shal�na�destr�y, ��amage or��npair�he Property, a���w the Pr�per�y t�deter��rate, or c����ni��raste �n <br /> the�raperty. Borravver shall be in defaul�if any forfeiture ac��on or proceeding,vsrhether ci�i�or crim.inal,is begun <br /> that �n Lender's go�d fai�h j��dgmen� c�uld result in farfe��ure �f�he Praperty �r o�her�ise materia�ly �m-�air�he <br /> lien crea�e� by th�s Securit�� �nstrument or Lender's se�urity �nt�re�t. Borrower may cure such a def�ul� and <br /> reins�a�e, as provided�n secti�n��t��d�orr�w�r's Right to Reinst�t�, by causing the a.ction or proceed�ng��be <br /> dism�ssed v�i�h a ruling�ha�, :�n Lender's gaod fai�h de�ern�ina�ion,p�recludes forfeiture�f�he Borr�w�r's in�erest in <br /> �he Praperty or o�her mater��al impairrnent vf�he lien created b� this Security �nstrumen� or Len�der's �ecurity <br /> in�erest.B�rrower shall a�so�be in defau���f B�rrovver,during�he I�an app�icati�n proc�ss,ga�e ma�erially false or <br /> inaccurate inf�rma��on a� s�4��emen�s �� Lender �or fa��ed to pr��ide Lender w��h any material in�f�rma��on� zn <br /> c�nnecti�n wi�h�he �oan e�i��enced by�he Contrac�. �f�h�s Secur�fi� �nstrume�� �s on a Xeasehold, Borr�w�r shal� <br /> comply with a11 the pro�isiorns of�he Ie�.se.If Borrower acqu�res fee ti�1e�o the�r�per�y,the�easeha��d and the fee <br /> titie sha�1 not merge un�ess L4�nder agrees�a�he rnerger in�r���ng. � <br /> Pro#ec�ion af L�nder's Ri�;hts in th� Pr�per�y. �f Borrov�er fa�is to perf�r�n �he c�venan�s an+� agr�ements <br /> cantained�n thxs Security����trumen�, �r�here is�.�ega�proceedin�th�.�may sig�if�car�tly affec�Len�der's r�ghts in <br /> the ProperCy �such as a p�oceeding in bankrup�c�, proba�e; for cox�d�mnation or farfei�ure ar�o enfflrce �av�s or <br /> regula�ians�, �hen Lender �nay do and pay far vvhate�ver is necessary �o pro�ect the value of th� Prop�rty and <br /> Lender's righ�s in�he Pr��er��.Lender's ac��ons may include pay�ng any sums secured h�a lien wh�ch has pr�ority <br /> over�his Security�nstrumen�t, appear�ng�n c�urt,paying reasonabXe at�arneys'f.ees and en�ering on�h�Prfl per�y�o <br /> make repa�rs.Although Lend�r may�ak�a�tion under th�s secti�n,Le�der d�es no�ha�e��do sa. <br /> Any amoun�s disbursed by ��ender under thi� section shal� become additional debt of�arrower secured by this <br /> Secur�ty Instrumen�. Unless BorrQwer an� Len�er agre� to other ��rms of payment, these amau���s sha�l bear <br /> �2404-2015 Carnplian�e Systems,inc.8C54-3��D1-2D15.11.3.1498 <br /> �onsumer Real Estate-Sec�rity Instrument DL:?436 Page 2 vF 5 . www.�ampliancesystems.cam <br />