Laserfiche WebLink
2� 1 ��4132 <br /> Payment of Prxnc�pa�and Inter{est; �ther�har�es.Barrowe��sha��prompt�y pay wh�n due th�princ�p��.�of and <br /> �zateres�on the debt awed und�r th.e�ontrac�and Iate charges or��.ny a�her f�es and charges due un�er�he(:on�ract. <br /> .A�.ppli�a��e Law. As used in this Secur�ty �nstrumen�, the �e�� "App�icabXe LavW" shall mean a�� ca:r��ro��uag <br /> appXzca�Ie fed�ral, sta�e and �aca�[ s�a�u�es, r�gulations, �rd�xaances and adm�n�strati�e ru��s and ord�rs �that have <br /> ��e effe��of Iav��as we�l as a�l ap��Iicab�e fin�1,n�n-appealable j-.zdicia�opxn�ons. <br /> Charges, Liens. Borrovtrer shal� pay aI� taxes, assessments, charges, f�.es and �mposi�ions at�rxbutable �o the <br /> Property which may a�tain prxori�y over�his Security�nstrumen�:, and Ieasehold payments ar ground rent�, if any. <br /> At the request of Lend�r,Barrow�r shal�promp�Iy furnish�o Len der re���p�s ev�d�nc�ng the paymzz�ts. <br /> Borrower shall prom.p�T� d�scharge any lien Which h�.s prxor�ty��ver this Secur��y I�stz�ument un�ess Borrc�wer: �a} <br /> agrees in v�r��xng �o th� paym�n�. of the o��xga�iQr� s�cured by the l��n in a manner a�cep�ab�� �o Ler�der; �b} <br /> con.tes�s �r�. g�ad faith th� Iien by�, or defends aga�s� enforcem�n� of the �xen �n, ��bal proceedings whic�h �n �he <br /> Lender`s flpinion opera�e to pre�en� the �nforcem�nt of the Ii��n; ar �c} �ecures fr�m �he holder of the �ien an <br /> agreemexa�sa�xsfac�or�t� Lender subordinat�ng�h� Iz�n�o th�s �=ecurity �nstrun�en�. �f L�nder determ��.es tha�any <br /> par� of the Pr�p�rty �s subj ec��o a�xen wh��h may at�ain prznri�y n��r�his Se�urity znstrument, L�nd�r may gi�e <br /> Barrow�r a n��ice rdentifying the lien. Borrnv�er s�all satisfy th�:� �zen or�ake ane ar more of the a�t�ons se�forth <br /> aba�e wi�hin �4 days af�he givin�;of no�x�e. <br /> Hazard ar Property Insurance. B�rr�v�er sha1�keep�he imprc}veme��s now exis�xng or hereaft�r erec�ed on the <br /> �raper�y�nsured against Iass by fire,hazards x.ncluded vvi�hi�.�he�erxn�'e�tended caverage" and any a�her ha�ards, <br /> �ncludi�.g floods or fl�odu�g, for which Lender r�quires insuranGe. Thxs insurance sha�� be r�a�nt�.�ned �n the <br /> amoun�s and far�he periods that Iaender requires. Th�xnsurance carrrer pro�idang the znsurance sha�I b�c��osen by <br /> �3orrower subj ect �o Lend�r's appra�a� vvhich shal� n�t �e unr�as�nabX� v�ithheld. �f Barrower faiis to zna7n�a�n <br /> coverage d�scribed ab��ey L�nd�.r may, a� Lender°s np��on, obta�n �overage �o protec� L�nd�r's rzgh�s in the <br /> Property in accordan�e wx�h sec�ion t���ed Protect�an of Lender's RightS in th�Property. <br /> A�� insurance poli�ies and renevva�s shal� be acce�table ta Lencser and shal� �ncZude a s�andard mar�gag�� clause. <br /> Lender shall ha�e the rzght ta hol���he po�xcies and renewals. �f Lender r�qu�res, Borr�wer sha�l pr�mptl��g�ve to <br /> Lender a�l rece�pts of paid premit�ms and rene�val no��c�s. �n�h� even�of 1oss, Borra�er sha�I gi�e pr�m��t notice <br /> �o the insurance carrier and Lender.Lender may mak�proflf of�c�ss if no�made pr�mpt�y by Borr�vver. <br /> Unless L�nder and Borrflvver o�h.erwzse agree in vv�r��ing, �nsur�nce proce�ds sha�� be app��ed �o restora�ian or <br /> repair nf�he Propez�ty damaged, �f, in L�nder's so�e discre�ion, the res�orat�an or repa�.r is ec�nc�mica��y feasxb�e <br /> a�.d Lender's s�curi�y is nat �essened. If, �n Lender's so�e d�s�res�ion, the restora��an or repazr is nat ecanQmically <br /> feasxb�e or Le�der's se�ur�ty wou�d be�essened,th��nsurance prc�ceeds shall be app�i�d to th�sums se�urec�by�hxs <br /> S�cur�ty Instrumen�, whether or not �hen du�, w��h ar�y exce��s paid to Sorrower. �f Borrov�er a�and�ns th� <br /> Prapert�, ar does not answer v��th�n�he number af days pr�scrxb��d by Applicable Law as se�f�r�h�n a no�:iGe from <br /> Lender�� Bo�-r�vv�r th�.�the �nsuranc� carrzer has off�red�a se�t�e a�Iaim, then Lender may c�l�ect the �nsuranc� <br /> praceeds. Lender may use the prc�ceeds t� repair ar res��r� �he Properry ar to pay sums secur�d by�h�s Secur�ty <br /> �nstrumez�t,vsrhether or no�then d�e. The period of��r�.e far Borrc�vver ta ansWer as set for�h�n the notice w�����beg�n <br /> when�he noti�e�s giv�n. <br /> LTn�ess Lender and Borrower o�herwxse agree in wrz�ing, an� ap�3��cat�an of proceeds�a pr�nc�pal sha�I no�t ex�end <br /> ar postpone�he du� date af the p�.yments due und�r the Contrac��or��.ange th� amoun�af the pa��ments. :�f under <br /> �he sect�on�i��ed A�ce�erat�on; Remedies, �he Proper�y is acqu�red by L�nd�r, Borrower'�right�o any zrnsurance <br /> po�icies and pro�eeds resu��zng fr��m damage to �h� Fr�perty priar to �he acqu�s��zon shal� pass ta LendEr �o the <br /> ex�en��f�he sums s�cured by thzs Se�urity�nstrument immed�ate:`y prior to�he acquxsz�ion. <br /> Preser�a��on, Main��nance an� Pro�e�tian of the Praper��r; Borrov�er's Loan Appl�ca���n; Lea�eho�ds. <br /> Borrower sha�l no� destrfly, dama�;e or impa�r�he Proper�y, allotiv the Proper�y to de�erxarate, or�om�mit v�as�e fln <br /> the Propez-�y. �orrov�er sha��be in defau��if any farfeiture action or proceeding,whether civ�l ar crimznal, �s begun <br /> that in Lender's good fa��h�udgm�n� Gauld resu�t �n f�rfezture a��the Proper�y or otherwise ma�er�ally impa�r�h� <br /> �ien crea��d by �his S�curx�y �ns�rumen� or Lender's securxty i�.teres�. Borra�ver may cure suc� a defau�� and <br /> rei.nstate, as provzd�d i�. sec�i�n�i��Ied Borrov�ver's l��ght to Rei�:�s�ate, by causzng�he action or�roceedi�lg t� be <br /> d�smzssed v��th a ruling tha�, zn LeYld�r's good fa�th determ�nation,precludes forf���ure of th�Borr�wer's in-t�r�st�n <br /> the Pro�er�y or o�h�r ma�erzal �mpa�rmex�t of the I�en created ��y th�s Securi�y �nstrument or L�nd�r's ;�ecuri�y <br /> xn�eres�.B�rrower shall a�so be�n default zf Borrow�r, during the�oan app��cati�n pr�cess,gave ma�erxally fa�se ar <br /> inaccura�� inf�rmat�on or sta�em�n�s tfl Lender (or fa��ed �o p�r�vide L�nder with any rna�er�a� i.nfarma�ian� �.x� <br /> connect�on wz�h�he �oan ev�denced by the Con�rac�. �f�his Security�ns�rumen� �s on a�easeho�d, Barrawer sha�1 <br /> comply wzth aI�the pravisxons of t:he lease. �f�3orr��ver acquires fee t���e��the Prap�rty,�he 1eas�hold and the fee <br /> t��le sha11 no�merge un.�ess Lend�r agrees�o�he m�rger ix�wri�iYag. <br /> Pro�ecti�n of Lender4s R�ghtS �n �h� Pr�perty. �f Borrovver fa��s �o perform the covenan�s �a.d agre�emen�s <br /> con�ai.ned�n�his Se�ur�ty�nstrumen�, flr�here is a I�ga�proceedi::�g tha�ma�sign�f can�Xy aff�c�L�ndez-'s r��gh�s rn <br /> the Prope�y �such as a proceedin� �n �az�ruptcy, prabate, far ��ondemna�iQn or forfei�ure or to �nforce laws or <br /> regulat�ans�, then Lender may do and pay for whatever �s nec�ssary �o prfltec� �he va�ue of�he Prope�rty a.nd <br /> Lender's rxghts in the Proper�y. Le��der's actians ma�r�nclude payi ng an�sums s�cured b�a X�en vvh�ch has pr�ar�ty <br /> over�his �ecur�ty Instrumen�, appear�ng 1n court,paying reasnna�a�e a�torneys'fees and en�erzng on the Proper�y to <br /> mak�r�pazrs.A�though Lender may�ake a���on under th�s sectxon�Lender does not have ta d�so. <br /> A�y amounts d�sbursec� by Lende�r under th�s section shall �ecorn.� add�tiona� debt of Barrower s�cured b� �h.xs <br /> Secur��y �nstrument. Unl�ss B�rrov��r and Lender a.gre� to atr:er �ez-�ns of payment, these am�unts sha�� bear <br /> Q 20Q4-2015 CampIiance Systems,Inc.8C54-S63 C-2a I5.1 I.3.t�98 <br /> Canse�mer Real Estate-Security Instrument DL2D36 Page Z af 5 www.campliancesystems.com <br />