Laserfiche WebLink
2� 1 ��4124 <br /> Payment af Principal and Inter�st; �]ther�harg�s. Barrow��r sha1�pr��nptly pa�when due the princi��al of and <br /> interes�on�he deb���ved under 1:he�ontra��and la�e charges o��any a��aer fees and charges due under�he�on�rac�. <br /> Applicabie Y...�a►uva As used �n this Security �nstrument, the �:�rm "�.pplicable La�v" sha11 mean a�l �antrolling <br /> applicab�e federal, s�a�e and lo�a� statu�es, �egu�at�ons, ordina�}ces a�d admin�stra��ve ru�es and �rders ��that have <br /> the effe��of�av��as vvell as a�l a.ppl�cab�e fina�,r�an-appeaXable judi�ial opinrons. <br /> �harg�s; Liens. B�rrawer shal� pay al� �axes, assessments, �harg�s, fines and impositions attribu�a��1e �o the <br /> Prapert�y v�h�ch may atta�n pr�ar��y over th�s S�curi�ry 7ns�rume��, ar�d leaseho�d pa�ments ar ground ren.ts, if any. <br /> At�he request of Lender,Barro��er shall promp��y furnish�o L�fnder receip�s e��d�nc�ng�he payments. <br /> Barro�rer sha11 prompt]y d�scha-�ge any �ien�hich has�rx�r�ty ��er this Se�uri�y�nstrumen�un�ess Bor.ro�er: �a� <br /> agrees �n �vr��ing �o the paymen� �f�he abligat�on secured ��y �he �ien �n a manner acceptable �o L�nder; �b� <br /> c�ntests in goad fa��h th� Iien by, or defends against enf�rce�nent af�he �ien in, �egal proceedings vt�h:ich in the <br /> Lender's op�nion apera�e to pr�:�en� the enforce�n�nt of�he lien; ar �c� secures from the ho�der of the �ien an <br /> agreement satisfac�ory to Lend�r subard�nating the ��en ta this Se�urity�ns�rument. If Lender d��erm�n�s�ha�any <br /> part�f�he Praperty is subjec�tr� a �ien whi�h nlay at�ain pr�o�°i�y ��er this Secur��y �ns�rumen�, Lender may gi�e <br /> B�rroWv�r a no�ice id�ntifying tr�e ���n. Bo�rawer shall sat�sfy#he �ien or take one or more of�he action� se�t farth <br /> above�ri�h�n 1 D days of�he giv�:�g of no�ice. <br /> Hazarc� or Prop�r��Insuranc{e. Borrawer shal�keep the impro�errn�nts now existing or hereafter erec-ted an�he <br /> Propert�insured agains�loss by fre,ha�ards�ncl�ded vvi�hin���e�erm"extended caverage" and�ny othe.r hazards, <br /> incluc��ng floads or f��oding, for �vhich Lender requires ins��rar�ce. Th�s insurance sha�i be main�airled in the <br /> amoun�s and for the periods�ha�Lender requires.The insuranc�.�arrier providi.ng the insurance shall be�hosen by <br /> Barrower sub�}ect to Lender's a�pro�a� �nrhich sha�� nat be un�e�sonably vvi�hhel�. �f Borravver fax�.s �c� maintain <br /> cov�rage described abo�e, Le��der may, a� Lerider's op�i�n, ob�a�r� �overage �o pro�ec� Len�er's righ�s in th.e <br /> Prope�-�y�n acCordanc�v�ith sec�ion ti��ed Pr�tec�i�n of Lende:r'��.igh�s in the�Praperty. <br /> Al� insurance palic�es and rene��vals shall be a�c�p�abl� t� Le:�de� and shall �nclude a ��andard mortgage clause. <br /> Lender shal�ha�e�he r�gh�to h�ld the p��icies arid renewals. ]f Lender requ�res, Bar�-awer sha��prox�pl:�y g�ve to <br /> Lender a�l rece�p�s�f paid prenr.��ums and renev�al no���es. �n�:�e e�en�flf�oss, Borrov�er shall g��e pr��npt not�c� <br /> ���he insur�.nce carrier and Len�er.Lender may make p�oof of lass if not made prampt�y by Borrflwer. <br /> Unless Lender and Borrower �s�herwxse agre� in �writing, �ns��r�nce praceeds sha11 be appli�d �o rest,ora�tion or <br /> repair of�he Praper�y damaged, if, �n L�rlC��r'S S�I� C�15�r��iD��, the restora�ian ar repair is ec��om�cally feasxb�e <br /> and Lender's secur�ty �s nat �es�ened. �f, in Lender's so�e dis�a-et��n, �he restoration or re�a�r �s not eca:nomica�ly <br /> feas�ble or Lender's securi�y wot.�ld be lessened,the insuran�e pra�eeds shall be app�ied t�the su�s secured by th�s <br /> 5ecurity �ns�rumen�, vvhe�her �r not then due, v�ith any exC ess p�id to Barrawer. �f B�rr�wer a�a:�dons �he <br /> Proper�y, or does n�t answer v���h�n�he number of days prescr�bed b�App�icab�e Law�as set f�r�h�n a n�tice fram <br /> Lender�o B�rrovsrer�ha�th� �nsurance carr�er has �ffered to sE�t�le a ciaim, �hen Lender may cflilec��he insurance <br /> proceeds. Lender m�.y use �he �raceeds t� repair ar res�are the Proper�y �r to pay sums secur�d by this Security <br /> ��s�rument,whether or not�hen{due.The period of�ime far Bo��rav4rer��answer as se�fo�h in th�no�ice�wi��b�g�n <br /> when the notice is gi�ren. . <br /> Unless Lender and I�orrov�er�t�erwise agree in�vri�ing, any appl��ation of proceeds�a pr�ncipal sha�l no�ex�end <br /> ar postpone the due da�e af�he paymen�s due un�er the Cont���c��r change�he amoun�af the paymen��. �f under <br /> the se�t�on titled.�ccelera#�on; Remed�es, the Property is ac�u�red�y Lender, Borrower's r�ght to any �nsurance <br /> p�iicies and proceeds resul��ng fr�m damage �� the Pr�per� prior 1:� the acqu�si�ian sha�l pass t� L�nder �o the <br /> ex�en�of the sums secured by�his Security�ns�rument�mm�d�ately pri�r�o�he acquis�t�on. <br /> Preservat�on, �Viaint�nance and Protect�an �� the Pro�e�•ty; �orr�w�r's Luan App�ica�ion; LE�aseho�ds. <br /> Borrov�er sha�� nat destro�, damage or�mpair�he�'r�perty, allav�th� Pr�per�y to de�eriora�e, or c�mmi��was�e an <br /> �he Pr�per�y.Borr��er sha�1 be i�defau��if any f�rfei�ure ac�i�an ar pr�ceed�ng,whe�her�ivil or crimina�,�s begun <br /> �ha� �n Lender's g�ad fai�h jud�ment c�uld resu�� �n fvrfei�ure of the Property or o�herwise materia�ly i:mpair�he <br /> lien created by th�s Securi�y Instrumen� �r Lender`s security� in�er�s�. B�rrower may cure such a d�fau�� and <br /> re�ns�ate, as pr�v�ded in section t�tled�3orrawer�s �tight �� Rein�ta��, by caus�ng the action�r procee�d�ng t�be <br /> d�smiss�d with a ruling that, �n Lender's go�d fa��h de�erminati��n,�reciudes forfeiture of�he B�rrov�er's interes�in <br /> the Pr�per�� or ��her materia� impa�rm�nt of the Iien cr�ate��. by �h�s Secur��y �nstrumen� �r LenderTs security <br /> �n�erest. B�rr�wer sha��also be�n defaul��f Borrc�wer,during t]:a���an a�plication process,ga�e material�y false or <br /> �naccura�e �nforrnati�n �r s�a�temen�s �a L�nder �or fai�ed �� pra�ide Lender wi�h any material �nforma�ion� �n <br /> connectian vvi�h�he ��an e�iden.c�d by�he �on�r�c�. If this Se�urity �nstrument is �n a �eas�ho�d, Borrower shal� <br /> c�mply with a���he�ravisions❑f�h��ease. �f�or�o�re�acqu�r�:s fee�:��le�o the Proper�y,�he�ea�eho�d and�he fee <br /> title shail no�n��r�e unless Lender agrees to the merger i�wr��i�g. <br /> Pr�fiec�ian of L�nder's Right;� in the Propert�. �f Borrower fails �a perf�r�m �he ca�enants and a�reeme��s <br /> con�ain�d in�h�s Securi��nstrument, flr i.here �s a�e�a�pracee-d�n�th�t may s�gnif�can�ly aff�ct Lender's righ�s in <br /> �he Pr�perty �such as a pracee��xng in bankrup�c�, probate, far cone�emna��on or f�rf.ei�ure or t� enforce �aws ar <br /> regula���ns�, then Lender may da and pay f�r �hatever is n ecess�ry �� pr��ec� the �alue of�he Pra�perty and <br /> Lender's r�gh�s in�he Pr�perty. l�ender's ac��ons ma�inciude p;iying any sums secured by a�ien which has pr�or�ty <br /> o�er this Security�ns�rument, appearing in cour�,pay�ng r�as���ab�e at�orneys'fees and en�ering�n the P'roperty to <br /> make repairs.Although Lender may take ac���n under�his se��ion,Lender does nflt have�a do s4. <br /> Ar�y am�un�ts disbursed by Lender und�r �h�s sec��on sha1� become additional debt o�'�3orr�rnr�r secur�d by this <br /> Se�urity �nstrument. Unless B�rr�vtrer and Lende�- agree to +:����r �erms of payment, 1:hese a�n�un�s �ha�l bear <br /> 0 2404-2Q 15 Camptiance Systems,�n�.8C54-8EDC-�D 15.t 1.3.1 a98 <br /> Consumer R�ai Estate-Security instrument DL2Q3fi Pa�e 2 of 5 www.compliancesys#ems.cam <br />