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<br /> Paym�nt�f Pr�nc�pai and Interest; Prepaynr�ent and La�e�harges. Borr�wer shall pr�mptiy pay vvhen due t�e
<br /> principal of and znterest on the debt e�ider�ced by �he No�� and any prep�ymen� and �ate char�es due under the
<br /> A°�e�icabie La�c�v. As used in this Securi Instrum�nt the �erm "A ticable Law" shaIl mean all contrflIlin�
<br /> pp �Y ? �P �
<br /> app�icable federal, s�a�� and �ocal statutes, re�u�at�ons, ardinances and administra��r�e rules and ord�rs �tha� have
<br /> �he effec�of lavv}as we�l as al�app�icable f�nal,non-appea�ab�e j ud�c i al opinions.
<br /> App��ca�i�n of Paym�nts. Unless Appl�cable Law pravides otherwise, alI payments reGei�ed by Lender sha�l be
<br /> applied: first, �o any prepayment char�es due under�he No�e; second, ta i.nterest due; third, to principal due; and
<br /> �ast,to any �ate char�es due under the�l o�e.
<br /> Charges; Lxens. Barr�wer shall pay al� �axes, assessments, char��s, fines and impositions a�ribu�able t� the
<br /> Praperty which may attain pr�ori�y a�er this Security Ins�rumen�, and �easehold payments �r grt�und rents, if any.
<br /> Borrawer sha��pay�hese obl�gati�ns fln t�me and direct�y to �he person awed pay�m.en�. A�the request af Lender,
<br /> Borrower shali pra�nptly furnish to Lender receip�s ev�dencxn��he pay�-n�nts.
<br /> Borrower sha�� prflmp�iy d�schar�e any lzen v�hich has pr�ori�y �ver this Secur�ty �ns�rurnent unIess Borrow�r: �a}
<br /> a�rees xn wrx�in� t� the paym�nt of the obli�ation secured by the lien in a manner acceptable to L�nde�; �b}
<br /> contests zn good fai�h the Iien by, or defends a�ains� enf�rce��nent of�he 1�en �n, I��al proceedin�s vvh ich �n �he
<br /> Lender's opinian �perate to prevent �he enforcemen� af�he ��en; ar �c} secures fram the h�ider of�he lien an
<br /> a�reemen� sa��sfactory to Lender subordinatin�the l�en to this Security Ins�rument. �f Lende� d�termi�es that any
<br /> part af�he Property is sub�ect �a a Iien which mray attain prio��ty ov�r this Security �ns�rumen�, Lender may �i�e
<br /> B�rrawer a no�z�e �dentifyxn�the lien. Borrower shall satisfy�he lien or�ake ane �r more nf the actions set for�h
<br /> ab�ve v�ithxn 14 days af�he g�vinb of notice.
<br /> Hazard or Property Insurance. Borrovver shai� keep �he impro�ements n�w existin�or hereafter erec�ed an �he
<br /> Prnperty insured against loss by fire, ha�ards included with�n�he�erm "extended co�era�e" and any o��er hazards,
<br /> inc�udi.n.� f�oods ar flflodin�, for which Lender requires insurance. This insurance shall be maintarned �n �he
<br /> amaun�s and for�he peri�ds�ha�Lender requires. The insurance carr�ex pra�iding�he irisurance shaI� be chosen by
<br /> Borrower sub�e�t to Lender's appraval whic� shall nat be unreas�nably withheld. If Borrower fa�ls tfl maintain
<br /> co�era�e described abo�e, Lender may, a� Lender's option, ob�ain co�era�e ta pr�tect Lender's ri�h�s in �he
<br /> Pr�per�y i.n ac�ordance w�th section�Ytled Protection of Lenderrs Ri�h�s in the Property.
<br /> A�l �nsurance polic�es and renewals shal� be acceptabie �o Lend�� and shall include a s�andard mflrt�a�e clause.
<br /> Lender shaI� ha�e the ribht�o hald�he policzes and renewa�s. If Lender requires, Sorr�wer shall pramp��y �i�e ta
<br /> Lender all rece�pts�f paid premiums and renewa� not�ces. In�he �vent�f Iass, Barrov�er sha�l ���e pron�pt notice
<br /> to th� �nsurance�arrier and Lender. Lender�-nay�make pro�f of lnss if not made pr�mp�ly by Borr�wer.
<br /> Unless Lender and Borrower ��hervv�se a�ree in vvr�tin�, �n�urance �race�ds sha�l be applied �o restoration or
<br /> repair of the Praper�y dama�ed, if, in Lender's soie d�scre�ion, the restarat�on or repair is econom�ca�ly feas�ble
<br /> and Lender's secur��y is not lessened. If, �n L�nder's sole d�scre�ian, the �rest�ration ar repair is no� econom�cal�y
<br /> feasible dr Lender's security wauld be lessened,the insurance proceeds sha��be appiied�o the sums secured by this
<br /> Security �ns�rumen�, whe�her or no� �hen due, with any excess paid to Borraw�r. if Bor�ower abandons �he
<br /> P�-operty, or daes not answer with�n the number�f da�s prescr�bed by App]��abie Law as set for�h �n a na��ce from
<br /> Lender�o Borrower tha��he insurance carrier has offe�-ed�o sett�e a c�a�m, �hen Lender�nay ��llect the insura�ce
<br /> proceeds. Lender may use the pro�eeds ta repazr or restore the Praperty or to pay sums secured by this S�curity
<br /> �nstrurnent,whether or not th�n due. The perxod of t�me f�r Borrovver to answer as se�far�h in the notice wili be�in
<br /> when the na�ice is��ven.
<br /> Unless Lender and Borrower�therwise a�ree in writin�, any applicatian af proceeds to princzpal shall n�� exten�
<br /> nr pas�pone the due date �f the payment� referred ta in the sectz�n �i�led Paymen� ❑f Pr�nci�al �nd �n�er��t;
<br /> Prepaymen� and Late Char��s or chan�e the amount af�he payments. If under the sectian tit�ed Acce�era�ion;
<br /> Remedxes, fihe Proper�y is acquired �y Lender, Borrflwer's ri�ht t� any in�urance pol�cies and proceeds resu���n�
<br /> frorn dama�e ta�he Property pr�flr to the acquisition sha�1 pass to Lend�r to�he extent of�he sums secured by�his
<br /> Secur�ty ins�rumen�immedia�e�y pr�or�o�he acqu�sit�on.
<br /> Preser�a�ian, Maintenance and Prote�tion of �he Property; Borr�wer's Loan Appi�cat�fln; Leaseho�ds.
<br /> B�rro�ver shai�nat destroy, dama�e or impa�r the Property, al�aw the Property ta deteriorate, nr comnni�vvaste �n
<br /> �he Proper�y. Barr�v��r shali be in d�fault if any forf.eitur�ac��or�or p�roceedin�,wheth�r�ivi�or crim��a�, xs be�un
<br /> that in Lender's �aod faith j udgment cou�d resuit in fa�feiture of the Prop�rty ar othexw�s� materia�ly �mpair the
<br /> �ien crea�ed by �h�s Security �nstrum�ent or L�nder's secur��y in��res�. Borrovver may Gure such a defau�t and
<br /> r�ins�a�e, as pra�v�ded �n sec�zon tit�ed Barravv�r's Righ�ta Re�ns�ate, by caus�n��th� ac��on �r proceeding to �e
<br /> dzsmissed vvi�h a ru�inb tha�, in Lender's good faith deter�nination,precludes forfeiture of the B�rrovver's interes�in
<br /> �he Property or other mater�al impairment of�he �ien crea�ed by th�s Securi�y Instrurnent or Lender's secur�ty
<br /> interest. Borrower sha�I also be in defauit if Barrower, durin��he loan appX��a�ian pr�cess,�ar�e ma�erially fa�se or
<br /> inaccurate xnfarm.a�ion or statements ta L�nder �or fa�led tQ pravide Lender with any material �nformation} �n
<br /> connec�ion wxth �he Ioan e�idenced by �he N�te. If this Security Ins�rumen� is on a leasehald, Borrower shall
<br /> �omp�y wi�h a��the provisians of the �ease. �f B�rrower acqu�res fee�itle to the Propet-�y,the �easeho�d and the fee
<br /> tXtl�sha�1 not mer�e unless Lender a�rees ta th�rner�er in wr�t�n�.
<br /> Pra�ec�ion vf LenderTS Righ�S �n the Propert�. �f Barrawer fa��s ta perform �he co�enan�s and a�reements
<br /> con�ained in this Secur�ty �nstrun�ent, or there is a le�a� proceeding tha�may si�n�f cant�y affect Lender's ri�hts in
<br /> �he Prop�rty �such as a proceedin� in ban��uptcy, praba�e, far c�ndemnati�n or forfeiture ar �o enfa�rce laws or
<br /> regulatians}, then Lender may do and pay for vvhateu�r is necessary �a prot�ct the �alue of the Property and
<br /> Lender's �r��hts �n the Praperry. Lender's ac�ians may include payin�any sums secured by a lien which has prior��y
<br /> �?044-2413 Compliance Systems,Inc.8 EB3-t D2C-24 i 3 L2.�.�1.7 I?
<br /> Cans�rr�er Real Estate-Security instn.�mer�t DL?03G Pa�e 2 af G www.campiiancesystecns.com
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