Laserfiche WebLink
2� 17�244� <br /> ,�.ppi�cab�e L��vv„ As used in �his Securi�y �ns�rumen�, the te�rn "Applicable Lavv" sha�l mean a�l can�r�ll ing <br /> applicable federa�, s�a�e and lo�a� sta�u�es, regulations, flrt��nances ar�d adminis�ra�i�e rules and orders �tha� ha�e <br /> t�e eff�ct of la��as wel� as all appl�cab�e f na�,non-appealabl�judicial op:�nions. <br /> �harges; Liero�. Borrower sha�� pay all �axes, assessme�nts, �harges, f��es and impositions attributablE ta the <br /> Pr�pe�-ty wh�ch ma� a�tain priori�y o�er this Security Ins�rumen�, and lease�old paymen�s ar gr�ur�d renfis, �f any. <br /> A��he reques�af Lend�r, S�rrower shall promp�ly furn�sh�.a Lender recei��ts e�iden�in�the payments. <br /> Sor�ro�er s�a�l prompt�y d�sc�arge any Iien �h�ch has pric�rity over this Se�uri�y �ns�rument un�ess ��rrawver: �a} <br /> agrees in wri�in� to the paymen� of the �b�igation se�ured by the 1�en in a manner acceptab�e to Lender; �b} <br /> can�ests in g��d faith �he lien by, or defends agains� enfc�rcement of the lien in, legal proceed�ngs which �n �he <br /> Lender's �pinion �p�rat� to pre�en� �he �nfor�ement of�.he 1 iep; �r �c� secures fram �he ho�der of the l�en an <br /> agreement satisfa��tory�o Lender subordina�i���he lien �to�his Security �nstrument. If Lender de�errr��nes that any <br /> par� of�he Propex�y is subject�o a l�en wh�ch may attain ��riority o�er�hi�5 Securi�y Ipstrument, Lender may gi�e <br /> Borrower a no�ic� id�nt�fyinb the l�en. Borrawer sha�l satisfy the Iien �r t�ake one or mare of�he actioms se�for�h <br /> abo�e wi�hin 1�clays of the gi�inb of na�ice. <br /> Ha�ard or Pr�p�r�y �n5uran�e. Borro�er shall l�e�p�h� impraWemen�s ��ow exis��n� or hereafter erected Qn�he <br /> Proper�y insured a�ains� �oss by f�re,hazards �ncluded v�ith in t�e term "extended co�era�e"and any�ther hazards, <br /> ix�ciuding flo�ds or flooding, for which Ler�d�r requxres insurance. �hi� insurance shall be main�tain�� ln �he <br /> amounts and f�r�he p�r�ods�hat Lender requires. The insu;rapce carr�er�rc��iding the insurance shall be ch�sen by <br /> B�rrower sub�e�� to Lender`s appro�ral which shall no� b�: unreas�nably �w��hheld. �f]Borr�wer fa�ls �:o main�ain <br /> ca�erage describ�d abo��, Lender may, a� L.ender's opt�on, ab�ain c��3�rage �o pro�ect Lender's ri�h�� in the <br /> Properfiy in accardar�ce with sectian titled Pro���t���n of L��nder's Righ�� i n �he Praper��. <br /> All �nsuran�e policies and renewals sha11 be a��ep�abie tc} Lender and �hall include a standard m�rtg�.�e clause. <br /> Lender sha�� hav� the ri�ht�o hold t�e policies and renew{ils. If Lender requires, B�rrower sha�l pr�mptly gi�e �o <br /> Lender all receipt:s of paid pr�miums and re�ew�I n��ices. In the even��f loss, Borrower shall gi�e pr�mpt notice <br /> ���he insurance�arrier and Lender. Lender may make proc�f of loss If no�rna�e pramptly�y Ba�-�-ower. <br /> Unless Lender and Borrovver other�ise agr�e �n �vri�ing, �nsurance pror.eeds shall be applied to restor�tion or <br /> repair of the P�-o�er�y damaged, if, in Lender's sole discr��tion, the restor�ation o�r repair �s ecanomi�ally Feasible <br /> and Lender's securYty is nat lessened. �f, in Lend�r's s��e f�iscretion, the restoration or repair is no��c�on��ni�a�ly <br /> feasible or Lende�r's security wouId �e lessened, the insur��nce pro�eeds s�ha�l be applied to the sums sec�red by <br /> ��is Security Inst�umen�, wMethe�r or no� ther� due, wi�h a�-�y excess pa�d �to Borrawer. If Borrower abandons the <br /> Pra�er�y, or does not answer within the numb�r of da�s pr�}scr�bed by Appl��ab�e Law as set for�h in a nc����e from <br /> Lender ta Borr�v�rer thafi the insurance �arr�er h�s affered t:a set��e a claim, �hen Ler�der may collec��hP in�urance <br /> pra�eeds. Lender may use the proceeds to repa�r flr restore the Pr�perty t�r to pay sums secured �y �h is Securi�y <br /> �ns�rumen�, vvhe���er or not �hen �ue. Th� periad of�ime for �arrower �U answer as set for�h in ��e no�ice v�iil <br /> begin r�vhen �he not��e is��ven. <br /> Unless Lender and Borrower�therw�se a�ree in wri�ing, any applica�io� cff pra�eed�ta principal shall no�ex�end <br /> �r p�s�pon� the due date of the payments due under the �+�ntrac�or chan�;e t�e amounfi of the paym�n�s. If under <br /> the section t��ie� Aceeieration; Remedxe�, �he �roperty is acquired �y L,e�nder, Borrov�er's right�o an� in�urance <br /> p�licies and proceeds resulting fro�r� damabe to �he Pr�p��r�y priar to the acquisiti�n sha]� pass �o Le-nder to �he <br /> exten��f�he sums secured�y this Secu�ity I�s�rument �mm�ediately prior tc�the acyuisi�ion. <br /> Preser�ation, 1Vlaintenance and Prote�tion �f �he Pr��perty; Barr�`v�r's L�an Appl�ca�ior�; Le��eh��ds. <br /> Borrower shall �at destray, damage �� impair the Property�, ail�w ti�te Pro��er�y�o deteriorate, ❑r corr�rni�v��as�e on <br /> the Propet-�y. Bo�rower shali be in default i�any forfeit��re action or praceeding, v�hether ci�il or crirr�inai, is <br /> be�un�hat in Len�der's gaod faith judbmen�cou�d r�sult in �=orfei�ure of the Proper�y or o�herwise material�y �mpair <br /> the lien creat��� b�y this S�curi�y Ins�rument or Ler�der's s�.curi�y i��erest. Borrower may cure such a d�fa.ult and <br /> r�insta�e, as pr��ided in sect��n �i�Ied B�rro��e�'s Rig�t #o Re�ns�a�e, by� causxn�the acti�n or pro�e�dir���o be <br /> d�srr�issed vvith � ruIing tha�, �n Lender's �o�d faith detiermina�ion, preclu��es forfeiture of the Barr�vver's interest <br /> in the Prope�-ty or other m��erial impairmen� af the 1 ien c-reated by th is S�curi�y �ns�rument t�r Len�er's security <br /> in�eres�. B�rrower sha�l also be ip defau�� if Borrower, dU�'ipb the I�an a��p�ication process, �a�e materially false <br /> ar i�accurate info�rmation or sta�emen�s �a Lender �or fail��d fio pro��de L�1nder v�ith any mater�al informa�ifln} in <br /> con�ection vvi�h the loan eviden�ed by�he Contract. If�h�;a Security �ns�rE�ment is an a lea�ehold, B�rrower shalI <br /> compl�wi�h a�� �he pro�is�ons of the lease. �f Borrower ac��uires fee title tf3 th� Praperty,the leaseha�d and�he fee <br /> t��l�shal� no�mer�e un�ess Lender agrees��the�-nerger in��vri�ir�g. <br /> Protec��nn of ��nder's �tights in the Proper��. If Bo�-rower fails to �}erfarm the co�enan�s and agr�em�nfis <br /> con�a��ed �n th�s �ecurity Instrument, �r�here is a le�al pr«ceedinb�hat m;�,y si�nif�cantly affect Lender'�righ�s in <br /> �he Proper�y �suc� as a pr�ceedin� �n hankrup��y, pro�a���, for condemnat�on or forfei�ure ar�a en�'orce iaws or <br /> regu�ations}, then Lender �nay do and pay for wha�e�er is necessary to pr�tect �he �aiue �f the Pr�operty and <br /> Lender's r����s �n�he Property. Lender's ac�ions may inclucle p�yir�g any s�:rms secured by a Iien whic� has�riority <br /> o�er this Secur��y Instrument, appear�n��n cour�,payin�reaso�able a�t�rn��ys' f�e5 3nC� en��t"illb 4Tl�he �Pt'����y�fl <br /> ma�e repairs. ��thou�h Lender may�ake a�ti�n �nder th�s.�ecti�n, Lend�r does not have�o do s�. <br /> ,A�.ny amoun�s cl�sl�ursed by Lender under th is s�c�ian sha�I be��me addit�iona� debt of Borrower se�u�-ed by this <br /> Secur�ty Ins�ru�n�nt. Unless Barr�wer and Lender agree to �the�r �erms �f payment, these amounts shal� bear <br /> inte�-est fr�m the date af disbursem�n� a� the sa�r�� rate ��ssessed or� ad�ances under the Con�ract and s��aIl be <br /> payable,rn�i�h interes�, upon notice from L�nder to Borrowe:r requesting pa��men�. <br /> ��spe�tiQn. L��d�r or its a�en� may mak� reasonable entries upon ar�d inspections �f�he Praper�y. L�nd�r shall <br /> �i�e Borrovver no�ice at�he time of��-pri�r to an �nspectior� spe�ifying rea���r�able cause for�he inspe����n. <br /> ��'7�(1a4-2�1 fi Campliar�ce Systems,ir�c.cdbfc77cwede205aa-?0 i G.?�D.4.8 <br /> Consumer Real Estate-S�curity Instrtsrr�ent❑L20 7G Pa��e 2 of 5 w��w.compliarscesystems.com <br />