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<br /> Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Borrower shall pay these obligations on time and directly to the person owed payment. At the request of Lender,
<br /> Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br /> contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br /> Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br /> part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br /> Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth
<br /> above within 10 days of the giving of notice.
<br /> Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br /> Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards,
<br /> including floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the
<br /> amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by
<br /> Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain
<br /> coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the
<br /> Property in accordance with section titled Protection of Lender's Rights in the Property.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to
<br /> Lender all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice
<br /> to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or
<br /> repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not
<br /> lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the
<br /> insurance proceeds shall be applied to the sums secured by this Security Instrument,whether or not then due, with
<br /> any excess paid to Borrower. If Borrower abandons the Property, or does not answer within the number of days
<br /> prescribed by Applicable Law as set forth in a notice from Lender to Borrower that the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or
<br /> restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The period of
<br /> time for Borrower to answer as set forth in the notice will begin when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend
<br /> or postpone the due date of the payments referred to in the section titled Payment of Principal and Interest;
<br /> Prepayment and Late Charges or change the amount of the payments. If under the section titled Acceleration;
<br /> Remedies, the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this
<br /> Security Instrument immediately prior to the acquisition.
<br /> Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br /> Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on
<br /> the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun
<br /> that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the
<br /> lien created by this Security Instrument or Lender's security interest. Borrower may cure such a default and
<br /> reinstate, as provided in section titled Borrower's Right to Reinstate, by causing the action or proceeding to be
<br /> dismissed with a ruling that, in Lender's good faith determination,precludes forfeiture of the Borrower's interest in
<br /> the Property or other material impairment of the lien created by this Security Instrument or Lender's security
<br /> interest.Borrower shall also be in default if Borrower,during the loan application process,gave materially false or
<br /> inaccurate information or statements to Lender (or failed to provide Lender with any material information) in
<br /> connection with the loan evidenced by the Note. If this Security Instrument is on a leasehold, Borrower shall
<br /> comply with all the provisions of the lease. If Borrower acquires fee title to the Property,the leasehold and the fee
<br /> title shall not merge unless Lender agrees to the merger in writing.
<br /> Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br /> contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in
<br /> the Property (such as a proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or
<br /> regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and
<br /> Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority
<br /> over this Security Instrument, appearing in court, paying reasonable attorneys'fees and entering on the Property to
<br /> make repairs.Although Lender may take action under this section, Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this section shall become additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear
<br /> interest from the date of disbursement at the Note rate and shall be payable,with interest, upon notice from Lender
<br /> to Borrower requesting payment.
<br /> Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br /> Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for
<br /> any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall
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<br /> Consumer Real Estate-Security Instrument DL2036 Page 2 of 5 wmm compliancesystems com
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