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��14���71
<br /> A p�ication of Paym�nts. U�nless Applicable La�v prov�des �thervs�ise, al�paymen�s recei�red by Lender sha�l be
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<br /> applied: first, to an�prepay�ment charg�s due under the Note; second, �o interes� due; �hird, �o princ�pal due; and
<br /> 1ast,�o any la�e charge�du�u�der�he Nate. ;
<br /> Char �s• Liens. Bon ower sha�l pay a11 taxes, assessments, charges, f�nes and ��r�.p�si�ions attributab�e �o �he
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<br /> Properfiy which may a�tain pric�rity o�er this Security �ns�rumen�, and leasehold paymen�s or graund rents, if any.
<br /> Bflrr�wer sha�l pay�h�se ab�igatians on��me and dir�c�ly to the person ovved paymen�. At the request af Lender,
<br /> Borrower sha�I pramp�:ly furnxsh�o L�nder re�eip�s evidencing the payments.
<br /> B�rravver sha��pramp�l�dis�harge any lien�vhich�as prior�ty o�er�his Secur�ty Tnstrument un�es�Barro�t�ver: �a}
<br /> agrees in wri��ng �o ��.e payment of the ol��igati�n secured by the l�en in a manner ac�eptable �o Lender; �b}
<br /> cont�sts in g�nd fa�th the �ien b�, ar defends agains� enforcen�ent vf the l�en �n, i�gal praceedings vWhich in �he
<br /> Lender's npin��n opera�e �o pr�ven� the enforceme�� �f the Iien; ar �c� secures fram the holder of the lien an
<br /> agreemen�satisfacto�to Lender subord�nating�h� �ien�o th�s Security Instrument. �f Lender de��rmin�s�hat any
<br /> par�Qf.�he Properfiy is subj ect ta a ��en�hich may atta�n pri�r�ty over this Security �nstrumen�, Lender may give
<br /> B�rr�w�r a nat�ce �den�ify�ng�he �ien. Bflrrower sha�� satisfy the �ien or take ane flr more of the actions set forth
<br /> abave with�n ��days of�he gi�ing of no�ice. . '
<br /> Hazard or Pra erty Insurance. Borr�v�er sha�i k�ep the �mprQ�ements now existing or hereafter erected on�he
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<br /> Pr�per��nsured aga�nst loss b�f re,hazards�n�luded w��hin the�erm"ex�ended coverage" and any other hazards,
<br /> �nclud�ng fl�vds or f�o�ding, for v�hich Lender requires insurance. This insurance shall be mainta�ned in �he
<br /> amounts and for�he periads�ha�Lender requires.The insuran�e carrier pr��iding the insurance shall be chas�n�y
<br /> B�rrower sub�ect to Lender's approva� �hich sha�l n�t he unr�asonab�y withheld. If Barr�wer fa�ls to main�ain
<br /> caverage described abo��, Lender may, a� Lender's op�ion, obtain ��verag� �o pr�tec� Lender's rigk��s in the
<br /> Propert�in accQrdanc�e�v�th section�it�ed Protectian of Lender's R�gh�s in the Prvperty.
<br /> Al� insuran�� p�licies arid renewals sha11 be acceptable �o Lender and sha�� in��ude a standard m�r�gage clause.
<br /> Lender sha�l ha�e the righ�t�h�ld�he po�i�i�s and renewals. �f Lender�equi�es, B�rrov�rer sha1�promptly give to
<br /> Lender a�1 receipts of paid prem�u�.s and renevva�noti�es. In the even�af I�ss, Barrov�er shal� give pron�p�notice
<br /> �o the insurance carrier and Lender.Lender may make pro�f of�oss�f n��made promptly�y Borrower.
<br /> Unless Lender and Borr�wer �th�rv�rise agree in writ�ng, �nsura�ce proce�ds shall be app�ied to restQrati�n or
<br /> �epair of�he Pr�perty damaged, if, in Lender's so�e discretian, �he res�ora��on or repair is econam�cal�y fea.sib�e
<br /> and Lender's secur�ty �s not�essened. �f, in Lender's so�e discre�ion, the.restora�i�n or repair is n�t econom�cally
<br /> feasible or Lender's security�nr�uld be Iessened,�he insurance proceeds s�a�l be app�ied ta�he sums secured by�h�s
<br /> Secur��y Instrument, whether or no� �hen due, wi�h any excess pa�d �o Borrower. �f Borro�ver abandans the
<br /> Praperty,or does no�answer wi�hin�he number�f days prescr�bed by App�i�able Lavt�as set forth in a no��ce fr�m
<br /> L�nder to Borrav�rer�I�a�the insurance carrier has offered t� settle a claim, �hen Lender may co��e��the insurance
<br /> praceeds. Lender ma�use the proceeds tfl repair ar rest�re �he Pr�perty or�� pay sums secured by� �his Security
<br /> �nstrument,whether or no��hen du�.The period af�ime for Barrav�er�o answer as set f�rth�n�he natice�i�1 begin
<br /> �hen�he no��ce�s given.
<br /> Unless Lender and Borrawer atherw�se agree �n wr�ting, any app�icat�on of proceeds�o principal shall n��ex�end
<br /> or pos�pone �he due da�e of the payments referred �a in �he sec�tion �ti�Ied Payment of Princ�pal and Interest;
<br /> Prepayment and La�e Charge� or chang�the amaunt af the pay�ments. If under�he secti�n�i�1ed Acc�lerati�n;
<br /> Rem�dies, the Proper�y is acquired by Lender, B�rrower's ri�h��fl any insurance po�icies and procee�.s resulting
<br /> fru�n damage t��he Properfiy prior to�he acquxsi�ion shall pass��Lender to the ext�nt�f�he sums secured by this
<br /> S�cur��y Instrument immediate�y p�i�r�t�the acqu�si��on.
<br /> Preser�ativn, Maintenan�e and Protectian uf �h� Pr�per�y; Borrower'S Loan App�i�ati�n; L�aseholds.
<br /> Barrflwer shall no�destroy, damage ar impa�r t�e Praperry, a��o�the P��perty�a deter�ora�e, or�omm���as�e on
<br /> �he Property.Borrov��r sha�l be in default if any forfei�ure acti�n�r proceeding,vvhe�her civx�or criminal, �s�egun
<br /> �ha� �n Lender's gaod faith j udgment cauld resu�� in fo�feiture af the Proper�y ar o�hervvise mater�a��� impa�r the
<br /> l�en �rea�ed by th�s Security Instrumen� �r Lender's se�urity in�eres�. Borrawer �nay cure such a defau�� and
<br /> reinstate, as provided in sec�ion�it�ed Borrovver�s �t�g�t to Rein�tate, by causing th� action or proceeding�a be
<br /> dismissed vvith a ruii�g tha�, �n Lender's good faith de�erm�na��an,pr�cludes farfe��ure of the Borrower's�n�eres��n
<br /> the Property or o�he�� mater�al impa�r�nent af�he lien created b� this Securi�y I�s�rument �r Lender's secur�ty
<br /> interest.Borr�vver sha��a�so�be�n defaui�if Bvrrov��r,during�he Ioan application process,ga�e ma�eria��y false or
<br /> inaccura�e inf�rmat�an or s�aternents to Lender �or fai�ed t� prav�de Lender �rith any materia� infarma��on} �n
<br /> connec�ion w��h the �oan evidenced by the No�e. �f-�his Secur��y Instrumen� is on ,a l�asehold, Borr��ver sha11
<br /> com.pl�w��h al��he prov�s�ons of the lease. If Bflrrov`rer acqui.res fee title��the Pr�perty,�he leaseho�d and�he fee
<br /> �itle sha�1 no�rnerge u�less Lender agre�s t4�h�merger in wri�ing.
<br /> Protection of Lender's Rights ir� th� Prap�rty. If Borrawer fails t� perform ��e covenants and agreements
<br /> canta�ned in th�s �ecuri�y�nstrumen�, ar�here is a 1ega1 proceeding�hat may signifiGantly affec�Lender's r�ghts in
<br /> the Proper�y �such as a proceeding �n bankruptcy, probate, for condemna�ian or forfeiture or to enfarc� lavvs ar
<br /> regu�ations�, then Lender �nay dv and pa� for whatewer is ne�essary �o protect �he �alue of the Property and
<br /> Lender's righ�s in the Proper�y. Lender's ac�i�ns may�nCiude paying any sums secured by a lien which�as pri�rity
<br /> aver�his Security Instrum�ent, appearing in caur�, paying reasonab�e at�arneys'fees and en�er�ng on�he Pr�perty t�
<br /> m�ake r�pairs.A1�hough Lender may�ake ac��on under this se�t�on,Lender does not ha�e to do so.
<br /> Any amounts disbursed by Lender under this section shall bec�me addi���nal deb� of Borr�v��r secured by this
<br /> Security �n�trument. Unless B�rrower and Lender agree ta other �erms �f paymen�, �h�se amaunts shall bear
<br /> C�ZOQ4-20I3 Compliance Sys#ems,Inc.8EB3-3495-2ai 3X..2.a.E1.712
<br /> Consurr�er ReaI Estate-Security Jnst�Enent llL2�3G Pa�e 2 of S www.cornpiiancesystems.ca�n
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