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<br /> Paymen�of Pr�nc�pal an�l 1ntQrest; �ther Charges. Borrower sha�l pramp�ly pay when due the pr�ncipa�of and
<br /> in�erest on the debt ow�d under�he Contract and late char�es or any o�her fPes and char�es due under the�ant�ract.
<br /> Applicab�e Law. As used �x� �h�s Securx�y Instrument, �he term "A�piicable Lavv" shall mean aII controllin�
<br /> app�icable federal, state and laca� s�a�utes, re�u�ations, ardinances apd admin�stratr�e rules and orders �that ha�e
<br /> the effect of law}as vve��as a�I appiicable final,non-app�a�able judxcial api�a�ons.
<br /> Charaes; Li�ns. Borrovver shal� pay a�l taxes, assessmen�s, �harges, fir�es and impositions a��ributable �a �he
<br /> Praper�y which may attain priori�y fl�er thxs Securi�y Ins�rumen�, and Ieaseho�d paymen�s ar gr�und rents, �f any.
<br /> At the request nf Lender, Barrower shali pramp��y furr�ish to Lender r�ceipts evidencin��he payments.
<br /> Borr�wer shal� prompt�y discharge any l�en wh�ch has prior�ty flver�his S�curity Ins�rument unless Borrowe�r: �a}
<br /> a�rees �n vvrzting to �he paym�nt of the ob�i�a�ion secured by the Iien �� a nlanner acceptable �o Lender; �b�
<br /> con�es�s in �oad fai�h �he �ien by, or defends a�ainst enforcement of the lien �n, Iegal proceed�n�s w��ch in the
<br /> Lender's opinion operate �� prevent the enforcement af�he lien; or �c} �ecures from the holder �f the li�n an
<br /> a�reement sa��sfac��ry�o Lender subordina��ng�he Iien to this Security In�t�-ument. �f Lender determines that any
<br /> par� of the Properi.y is subject�fl a l�en wh�ch may attain prio�ri�ty o�er this Securi�.y �nstrument, Lender may ��ve
<br /> Bor�r�wer a no�ice iden�ify�n�the lien. Borrnwer shall satisfy ��e �ien or t�ke ane �r more flf�he ac�ians se� forth
<br /> above within 1�days of�he�i�in�of natice.
<br /> �aza�-d ar Pr�per�y �nsurar�ce. Borrovv�r shal� keep �he zmpr�We�n�n�s now ex�s�ing or hereafter erect�d on �he
<br /> Proper�y �nsured against loss by fire, hazards in�lu�ed within�he term "ex��nded ca�era�e" and any flth�r haza�rds,
<br /> �nc�ud�ri� floads or f�oad�n�, fo� vvhich Lender requires �nsurance. Thi� insuranc� shall be maintained �n �he
<br /> amounts and far the periods that Lender requires. The insuranc� carrier pra�idin��he insuranc� sha�1 be chtisen by
<br /> Borrawer subjec� �o Lender's approval wh�ch shall nat be unreasanably r�vithhe�d. If Borrower fails �fl maintain
<br /> co�era�e described ab��e, Lend�r may, a� Lender's optian, o�tain �o�era�e to pro�ect Lender's r��hts in the
<br /> Proper�y in accordance w��h sectian�itled Protec�i�n of Lender's R�ghts in the Proper�y.
<br /> A�] �nsurar��e pa�icxes and renewa�s shall be acceptable to Lender and sh�.�� �.nc�ud� a standard �m�rt�a�e �Iause.
<br /> Lender shall have the ri�h��o ho�d�he p�iicies and renewals. If Lender requires, Borrav��r shail promptly �ive ta
<br /> Lender all rece�pts of pai�prenr�iums and renewal no�ices. In the even��f l�ss, S�rrower shall �i�e protnpt no��ce
<br /> �o�he insurance carrier and Lender. Lender may rnake proof of loss if nat made promp�ly by Barrower.
<br /> Unless Lender and Barrower otherwise a�ree in wri��n�, insurance proceeds shall be app�ied to restora�ion or
<br /> r�pair of�he Properry dam�a�ed, if, �n Lender's sole discre�ion, the restoration �r repair is ec�nomica�ly feas�ble
<br /> and Lender's security is no� lessened. �f, in Lender's sale d�scre�x�n, the r�s�orat�on or r�pai�r xs no� e�onomxcal�y
<br /> feasible or Lender's security vvouid be �essened,the�nsuran�e pro�eeds shalI he applied to�he sums secured by th�s
<br /> Security Ins�ru�nent, whe�her nr not then due, with any excess paid �o Bflrr�wer. If Borrower abandons the
<br /> Property, �r does not answer w�thin�he nu�nber of days prescribed by Applicab�e Law as set for�h in a no�ice from
<br /> Lender�o Borrower that�he insurance carrier has offered�n s�t�le a claim, then Lender may cal�ect the insurance
<br /> prflc�eds. Lender may use the proceeds �� repair or restore th� Proper�y r�r to pay sums secured by this Security
<br /> Instrument,whe�her or no�then due.The period of time far Sorr�wer to answer as se�fflr�h�n the notice wil�be�in.
<br /> when�he nat��e�s�i�en.
<br /> Unless Lender and Borro�ver otherwXse agree in wrx��n�, any app�ication af proceeds�a prinGipal shal� no�extend
<br /> or postpone the due date of the payments due under the Contra��or chan�e the amount of�he paymen�s. If under
<br /> the section�it�ed Acceiera��an; Remedies, the Property is a�quired by Lender, Borrovver's ri�h�to any insurance
<br /> palici�s and proceeds resul�in� fr�m dan�a�e to the Properry prx�r �o �he acquisition sha�l pass to Lender to the
<br /> e�ten�of the sums secured by this Security�nstrument�mmediately pri�z-ta�the acquisition.
<br /> Pr��er�a��o�, Ma�nt�nance and Protec��on vf �he Proper�y; �arra�►�v�r's Loan AppZ�ca�ion; LeaSeho�ds.
<br /> Borrower sha11 no�des�roy, dama�e or impair the Propert-�, aliow�he Property�o de�eriorate, �r corr�mi�waste on
<br /> �he Prop�rfiy. Barrawer shal�be in defau��if any farfei�ur�ac�ian flr proce�ding,whether ci�i�or cr�mina�, is be�un
<br /> that in Lender'� �ood fa�th j uc��ment could resu lt in fo�feiture �f th� Properry or otherwise material�y impair the
<br /> �ien created by �his Security �ns�rument or Lender's securi�ty �nterest. �orrower m.ay cure such a default and
<br /> reins�a�e, as pra�ic�ed in s�ction ����ed Borrower's Righ�to R��ns��te, b� causin��h� ac��on �r pr�ceedin�to be
<br /> dismissed w�t�a ru�in�tha�, in Lender's gaod faith determina��on,pre�ludes fflrfe��ure of�he Barrower's in�eres� in
<br /> the Prope�y or o�her material impairment af th� Izen created by �his Se�urity Instrumrep� or Le�der's se�urity
<br /> in�eres�. Borrovver shai�alsa be in default if Borrovver,durin�the l�an applica��on pr�cess,�a�e materially faise or
<br /> inaccura�e xnfarnza�ion or statemen�s ta L�nder �or failed �o prar�ide Lender wi�h any material �r�formatian� �n
<br /> connectian with the �oan e�ider�c�d by �he ��n�ract. �f�his S�curity Ins�r�ment is �n a leasehald, Borrawer shal�
<br /> �omply wi�h a�� �he pravisions af the Iease. �f Borr�wer acquir�s fee�itle�Q�he Proper�y,the leasehold and the fee
<br /> �itle shal� not m.er�e unless Lender a�r�es�o the mer�er in wr�tin�.
<br /> Pro�ection �f Lender's Ribht� in �he Proper�y. If Borrower fa�is �o perform tl�e co�enan�s and agreem�n�s
<br /> con�ained in th�s Securi�ty Instrument, or there is a Iegal proce�d�ng tha�may si�nif�an�ly affect Lender's ri�hts in
<br /> �he Property �such as a pr�ce�d�ng in bankruptcy, probate, for condemna�ion or f�rfei�ure or to enforce �aws or
<br /> re�ulations�, then Lender may do and pay for vvhatever �s necessary to p�rote�� the value of�he Pr�pe�ty and
<br /> Lend�r's ri�hts in the Prop�r�y. Lender's actians may inc�ude pay�n�any su�ns secured by a Iien which has pr�ority
<br /> over this Secur�ty�nstrument, appearin�II7 C�LIi'�, payin�reasanab�e att�rrze�s'fees and enter�n��n the Property�o
<br /> m�.ake r�pa�rs.A�though Lender may�ak�ac�ion under�his sec�i�n,L�nd�r does no�ha�e��do so.
<br /> Any amounts disbursed by Lender under �his sec��on sha11 b��ome addi�iana� deb� of Borrower s�cur�d by th�s
<br /> Secur�ty Instrurnent. Unless Borrow�r and Lender a�ree ta o�h�r terms af payment, �hese amaunts shali bear
<br /> �20d4-2013 Carripiiance Systems.ir�c.8EB3-SF�'�3-2a l 3 L2.4.E I.7 l 2
<br /> Cvnsur�er Real Estate-Security Instrumer�t DL203� Pa�e 2 of 5 wwGv.compliancesysterns.cos�
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