Laserfiche WebLink
2� 1 ��41 �7 <br /> Payment of Principal and In�ere�ts ��her Charges.B�rrow{�r shal�prompt�y pay when due t�e pr�n��:pa1�f and <br /> interes�on the debt owed under�he�antrac�and�a�e charges o,�any o�her fees and charges due under the��ntract. <br /> App�icable Law. As used in �his Security Instrumen�, �he ter�n "Applicable La�w" shal� mean aI� can�rolling <br /> app�icab�e federal, state and loca� sta�utes, regu�ations, ordina�zces a��� adm�nis�rative ru�es and orders �that have <br /> �he effe�t�f lav��as�re�l as aI�app�icable fina�,rl�t7-appealable judiGia��pinions. <br /> Cnarg�s; Liens. Borro�ver sha�l pa� all taxes, assessrnents, charg�s, f�nes and impos��ions at�ribu�a�ble �o the <br /> Froper�y which may attain �riority over�his Security �nstrume�t, and leaseh�ld paymen�� or gr�und rer�ts, if any. <br /> At the reques�of Lender,B�rr�wer shal�pramp��v furnish ta L�,nder receipts evidencing the paymen�s. <br /> Borrovver sha�l prom��Iy discharg� any Iien vvhiCh has prior��y over�his Securi�y�ns�rume�t un�ess Borro�ver: �a� <br /> agrees �n wri�ing t� the pa�ment of the �bliga��an secured ��y the l�en in a manner accep�able ta L�nder; �b� <br /> con�es�s in good faith �he l�e� by, �r defends against �nforce�nent c�f the l ier� �n, lega� pr�ceedings wh��ch �n �he <br /> Lender's apin�on apera�e �o preven� �he er�f�rcemen� af the �ien; �r �c� secu�es �'rom �he hol�er af the �ien an <br /> agreement sa�isfactory to Lender sub�rdina�i�g�he lien to�his Security rnstrun�ent. �f Lender d��ermines tha� any <br /> par�of the Property �s subject�o a lien�hich may a�ain pr�o����y o�er this Se�uri�y �nstru�ment, Lender may g�ve <br /> BQrrower a n�ti�e identifying tl�e �ien. B�rrower shall sa�isfy 1�h� 1�en ar take �ne or more of�he actions set for�h <br /> al�a�ve with�n ��days of�he giving of notice. <br /> Hazard or Praper�y Insuranc�. �orr�v�er shall keep the im��r��errne�nts no�v�r e�ist�ng or herea�ter ere�ted on the <br /> Property insured aga�nst loss by f�re,hazards inc�uded vvithin���e�erXx� "e�tende�coverage" and any��her hazards, <br /> �nclud�g fl�ods or f�oading; f�r v�hi�h Lender requires ins�arance. This insurance �hall be maintained �n the <br /> amounts and for the per�ods that L�nder requzres. The �nsuranc�ca�-ri�r pra��ding�he insurance�ha�l be chosen by <br /> Barrower subjec� �o Lender's approva� which sha�l na� be un�eas�nab�y withheld. �f B�rrov�er fails tu ma�ntain <br /> ca�erage described a�ove, Lender may, a� Lender's n�]�1�I7, obta�n co�rerage to pratect Len�er's rights in �he <br /> Pr�per��n accordance with se��ion tit�ed 1'�-�tectian of Lend�:r's laights in#he Proper�y. <br /> A�� �nsurance p�licies and rene�als shall be acceptable �o Le:�der and shal� �nclude a ��andard mar�ga�e c�ause. <br /> Lender shall ha�e the righ�to h�ld�he p�licies ar�d renevvals. ].f Lender requ�res, Barr�w�r sha�� prampl,ly give�o <br /> Lender al�receipts of pa�d premiums and renev`ra1 na��ces. �n the even��f�oss, Barrovsrer shal�g�v�pr�mp�notice <br /> �o�h�insurance carr�er and Lender.Lender may�ake praof of l�ss if��t made promp��y by Borrovver. <br /> Un�ess Lender and Barro�ver ��hervsrise agree in w��ting, ins�urance pr�ceeds sha11 �be app�ied �� res��ora�ion flr <br /> repa�r �f the Proper�y danlage�, if, in Lender's s�1e d�scre�i���, �he res��ra�ion or repair is eco~�flm�Call.y feas�ble <br /> and Lender's security is no� �essened. �f, in Lender's so�e disc�-e��on, �he r�storation or repair is n�� eca�nom��ally <br /> fe�.s�ble�r Lend�r's secur�ty�rould he lessened,�he insurance p�roceeds shall be appl�ed to the su�ns secured by�his <br /> Secur�ty �ns�rument, whether o�r na� �hen du�, �vv��h any e��ess �aid to B�rra�nrer. �f B�rro�ver abandons the <br /> Property,�r daes no�answer wi�hin the number�f days prescr�hed b�r App��cab�e La�v�r a�se�fo�h in a n��ice from <br /> Lender ta Borrower�hat the �nsur�nce carrier has offer�d�o sE��tle a c�aim,�hen Lender rnay callec��he insurance <br /> pr�ceeds. Lender may use the pro�e�ds to repaar �r restore the Pr�perfiy or to pay sums securEd by this S�curity <br /> �nstrument,whe�her or n�t then due. The p�r�od�f time for Bo�rflv�er t�answer as set for�h in th�n��i�e�nr�l��eg�n <br /> when the na��ce�s g�ven. <br /> Unless Lend�r and Borrower at��rwise agree in wr�ting, any appl�ca��on�f�r��eeds��princip�.1 sha�l no�e��end <br /> or postp�ne the due da�e of�he pa�ments due un��r the Cflri�r�ct or change the am�unt�f the paymen��. �f under <br /> the se�tion titled Accelerat�on; �.�med�e�, the Proper�y �s ac�:uired by Lender, Borro�rer's right to an}� �nsurance <br /> po�ici�s and proceeds result�ng fr�m damage t� �he Pr�perty priar ta �he acquisitian sha�� pas� to Lender �a the <br /> e��ent�f�he sums secured by this S�curity�ns�rumen�immedia�ely pr��r to the acq��isition. <br /> Pre�ervatian, 1Vlaintenance a�d Protection �� th� Prope�-ty; B�rrower'S Loan Appl�ca�ion; ���aseholds. <br /> B�rrower shall na�destroy, darnag� �r�mpair�he Pr�pe�y, all�w t��Property to deteriorate, or c�mmi�t waste on <br /> the Proper�y. Borrower shall be in default if any f�rfe��ure acti��n or pr�ceed�ng,�hether�iv���r cr�m�nal,is begun <br /> �hat in Lender's goad faith judgm�n� cou�d resu�t in forfeiture of the Pr�perty ar a�h�rwise ma�erially nmpa�r�he <br /> l�en created b� �his �ecuri�y �ns�rumen� or Lender's securi�yf in�er�s�. Borr��er may cur� such a d�faul� and <br /> r�ins�a�e, as pro��ded in secti�n t����d Sarrower's R.ight t� l�ein��a�e, by causing the action or procee�.ing t� be <br /> dism�ssed vv��h a ruli.ng that, in Lender's go�d fait�de�erminaticjn,pre��ud�s forfeitu�e of�he Borr�wer's�nterest�n <br /> the Propez�ty ar o�her mEa�erial impa�rment of�he lien �reatet� by this Security Ins�rumen� or Lender's secur�ty <br /> �nteres�.Borrower sha11 also be�n d�fault if Borrawer,during tlze�oan app�ication process,gave materially fals�ar <br /> �naccurate inforrnation tir statemer�ts t� Lender �ar failed to pravide Lender with any materi�� inf�rrnation� in <br /> c�nnection �vith the loan e��denced hy�he ��n�ract. If this Se�urity Instr�ument is on a�easeh��d, B�rrc�v�rer sha1� <br /> camply with all the pr��is�ons of�h� Xease. �f B��-�ovver acqu�r��s fee�:i�le��the Property,�he leaseha�d and�he fee <br /> title sha�1 n��merge un�ess Lender�.grees�o�h�rr�erger in wr��i�g. <br /> Prvtect�on of Lender's Rights in �he �raperty, Zf B�rrov��r fa�Is t� perform �he c�W�nants and a�reemen�s <br /> con�ained in�h�s Se�uri�y Instru�ment, ar�here is a legal procee�d�ng��iat may s�gn�f cantly affect Lender's r�gh�s in <br /> �he Pr�perty (such as a pr�cee�i�ng �n bankruptc�, pr�bafie, f�r con�emnation or forfeiture �r fi� enf�rce Iaws or <br /> regula�ions}, then Lender may do and pa� f�r �vha�ev�r �s necessar� to pr�tect th� �a�ue of the Pro�perty and <br /> Lender's r�gh�s in�he Proper�y.Lender's ac���ns may include pay�ng any sums secured�by a�ien�vhich has pr��rity <br /> o�er�his Securi�ty��nstrumen�, appear�ng in caurt,paying reaso��able attorneys'fees and en��ring fln�he P�r�perfiy�o <br /> make repairs.Al�haugh Lender ma��ake ac�ian under this sec�ian,Len�ier does n�t�ave�o da so. <br /> Any amoun�s disbursed by Lender under this section sha11 became a�ditiona� de�bt of Borrovv�r s��ur�d by �h�s <br /> Securxty �nstrument. Ilnless B�rra�nrer and Lender agree to +�ther �erms of payment, th�se arnoun�s shall bear <br /> C�2a44-2fl15 C�mpliance Syster�s,Zn�.SC54-1D3B-2�15.11.3.1498 <br /> Cons�rner Reai Estate-Security Instrument DL2fl35 Pa;e�vf 5 www.cornpliancesystems.com <br />