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� � ��14��3�5
<br /> Payrnent af 1'r�nc�pal and Inter�st; (]�h�r�harges..Borrow�r shall promp���pay when due the principa��f and
<br /> �nterest on the debt awed und�r�he Cantract and�a�e�harges or any other fees and Gharges due under�he�an�ract.
<br /> A licable Law. As used i� this Securifi� �ns�rurnen�, the ter�'� "App�icable Lav�'' shall mean all con�ro�l�ng
<br /> PI�
<br /> applicab�e federal, s�ate and loca� statutes, regula��ons, �rd�nances and administrative rules and �rders �that have
<br /> �he effect of la�nr}as�u�I1 as a�i applicable fina�,non-�appealable�udiclai op�nic�ns.
<br /> Charges; L�ens. Borr�vver shal� pay aIl taxes, assessmen�s, �harges,{ fi�es and impos�tions at�ribu�able �o �he
<br /> Praper�y which may a��ain priority over th�s Securifiy �nstrumen�, anc� �easehQ1d paymen�s ar grou�d ren�s, �f any.
<br /> A�the request of Lende�,B�rrov�er sha1�pr�mp��y furnish�o Lender rece�p�s e��denc�ng�he payments.
<br /> Borrawer shall proznpt�y discharge any lien which has priority a�er this Secur�fiy Instrumen�unless Borrower: �a}
<br /> agrees in vvriting t� �he pa�ment of the �b�igatian se�ured by the �i�n �n a manner acceptabl� ta Lender; �b�
<br /> c�ntests in good faith �he �ien by, ar defends aga�ms� enforcement of�he lien �ri, legal praceed�ngs which in the
<br /> Lender's opinian aperate �a prev�nt �he enforc�ment �f�he lien; Qr ��} secures from the holder �f�he lien an
<br /> agreement sa�isfac�ory�o Len�er subordinating the ��en to�his Security,�nstrumen�. If Lender de�ermin�s tha� any
<br /> par� of the Property is subj ec��t� a �ien wh�ch ma� at�aln pr�ori�y over �h�s Secur��y �nstrumen�, L�nder ma�gi�e
<br /> Borrower a notice identifying fihe lien. Borrower sha11 sa�isfy�he Iien�r tal�e �ne or mare nf�he actions set for�h
<br /> abo��w�thin 1�days of the gi�ing of no�t�ce: �
<br /> r
<br /> Hazard �r Property Insurance. Borr�wer shal�keep the improvements nov��x�s�ing or hereaf�er erect�d�n�h�
<br /> Praperty insured against loss by fre,hazards included v���hi��he term"e�tended�Q�erage" and any other hazards,
<br /> includin� �laods or fl�oding, far wh�ch Lender requires �nsurance. T��s �nsurance shal� be m�.inta�ned in the
<br /> amoun�s and far the periads�hat Lender re�uzres. The insurance carr7er�r�vxd�ng the lnsurance sha�l�e chosen by
<br /> Borrav�er subjec� �o Lender's appr�val which shal� na� be unreasonab�}� withheld. �f B�rro�er fa�ls t� main�ain
<br /> coverage descr�bed abave, Lender may, at Lender's opt�on, ob�ain c��erage �o protect Lender's rights �n the
<br /> Proper�y in accordance�vith sec�ian ti�ted Prntec�ian uf Lender's R�ghts�n the Proper�y.
<br /> AI� insurance polic�es and renewa�s sha11 be ac�eptab�e �� Lender and:sha�l �n��ude a stamdard rr�.or�gage clause.
<br /> Lender sha�l have i:he right t�hold the policies and renewals. �f L�nder requires, Bor�ro�er shall promptly gx�e to
<br /> Lender all receipts �f paid pre�n�ums and renevval�o�ices. �n the.e�en�of Ioss, Borrawer shal�g��e pr�mpt no�ice
<br /> to the insuranc�carrier and Lznder.Lender may�nake proaf of loss if no��ade pro�np�ly by Borro�vver.
<br /> Unless Lender and F3arrov�er o�herwise agree in �rriting, insurance proceeds sha�� be app�ied to restara�ron �r
<br /> repa�r of�he Proper� damaged, �f, in Lend�r's so�e discretio�., the rest�rat�on �r repair is ecano�x�.ically feasible
<br /> and Lender's security is n��less�ned. �f, �n L�nder's s��e discre�ian, th� rest�ra�iQn ar repair is not economically
<br /> feas�ble or Lender's s�cur��ty vvould be Iessened,�h�insurance pr�ceeds shail be appli�d to fihe sums secur�d by th�s
<br /> Security �ns�ru�nen�, whether �r na� then due, v�i�h an� e�cess pa�d �o Borr�wer. �f Barrower ab�ndons �he
<br /> Pr�perty,ar d�es n�t ansv�er within the number of days prescribed�y App�icable Law as set far�h in a n�tice from
<br /> Lend�r�fl Borr�wer that�he insurance carrier has �ffered�:o se�t�e a c��.�m,then Lender may�ollect th� insurance
<br /> proceeds. Lender rnay use �he prace�ds t� repair �r re��ore the Pr�perty �r�o pay sums secured by�his Securi�y
<br /> Ins�rument,whether ar not then due.The peri�d of�ime for Bflrr�wer�o_answer as set forth�n�he na�ice wil�beg�n
<br /> when the na�ice is gi�en.
<br /> Unless Lender and Borrovver o�herr�vise agree �n v�riting, any appl�ca�i���f pr�ceeds ta princ�pal shal�no�e�tend
<br /> or postpane the due date of�he�ayments due und�r the ��ntrac�or change the amoun� of the paymen�s. If under
<br /> �he se����n ti�led Acce�erat�ans Remed�es, �he Property �s acquired by Lender, Borr�wer's right�o an� insurance
<br /> pol�c�es and prviceeds resu�ting fr�m damage to �he Proper�y prior �o �he acquisition shal� pass �a Lender to t�e
<br /> e�tent of�he sums se�ured by th�s Securi�y Instrument imm.edia�ely pr�or to the a�quisition.
<br /> Preservation, Maintenanc� and Protec��on ❑f the Prup�rty; Borrower'S Lvan App�ication; Leasehotds.
<br /> B�rrawer shail na�d�stroy, damage or impa�r the Pro�erty, a��ow the ProperCy to de��riorate, ar commit waste on .
<br /> �he Proper�y. Borrower shal�be in default if any f�rFeiture a��ion or pro�eeding,whe�her ci�i�or criminal,is begun
<br /> that �n Lender's gaod fa��h judgment c�uic� �-esu�� �n farfeiiure of�he Proper�y ar o�herwise ma�eria�ly �mpair the
<br /> lien created by this Securi�.y �nstrumen� or Lender`s s�curity interes�. Barra�ver may cure such a default and
<br /> reins�a�e, as pro��ded �n sect��n t���ed Borr�wer's R�ght to R�instate;by �ausing the ac�ion or proceeding ta be
<br /> dism�ssed vWi�h a ru�in��hat, in Lender's gaad faith de�erm�na���n,prec�udes forfe��ure�f the Borrov�er's interes��n
<br /> the Property or a�her mater�a� impa�rment �f�he lien �rea�ed by this Securi�y �nstrumen� or Lender's secur�ty
<br /> interest.Bo�-ravwer sha��a�so be�n default if Borr�v�er,during�he�oan app�ication process,gave ma�erial�y false�r
<br /> �naccura�e inf�rma�ian or s�afiements to Lender �or failed �o pro��de Lender �ith any materia� inf�rmation} in
<br /> canne�tian with the loan evidenced by�he �antract. �f th�s Security Instrument �s on a leaseho�d, B�rrov�rer sha��
<br /> campl�v���h a���he pro��sions of���e�ease. If Bflrrowver acquires fee�itle�o�he Property,fhe Ieasehold and the fee
<br /> title sha��no�merge unless Lender agrees t��he merger�n vvritix�g.
<br /> Pr�tec�i�n �f Le�der's Righ�s �n the Property. If B�rrower fa�is t� perform �he cavenan�s and agreem�n�s
<br /> cantain�d in this Se�urity Ins�rument, �r�here is a legal proceed�ng that may s�gn�f�cantly affec�Lender's righ�s in
<br /> �he Property �sucl� as a proceeding �n bankrup�cy, pr��ate, f�r candemnation or forfei�ure or�a enforce laws ar
<br /> regu�ations}, then Lender ma� d� and pay far �rha�ever �s necessary:to pro�ect the �alue of the P��perty and
<br /> Lend�r's righ�s in the Propert�y. Lender's a�tians may include paying any sums secured by a l�en�vh�ch has pri�rity
<br /> over�hxs Security�nstrument, app�ar�ng in court,paying reas�nab�e at�orn�ys'fees and en�ering on�he Property��
<br /> make repa�rs.Al�h�u�h Lender may take ac�i�n under this secfion,L�nder d�es n�t have t�d�s�.
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<br /> Any amounts dis�bursed by Lender under th�s secti�n shall become additi�na� debt of Borr�wer secured by this
<br /> Securi�.y �nstrument: Unless Borr�v�er and Ler�der agree �t� other ter�ns of payment, these am�un�s sha�1 bear
<br /> C����4-2013 Corz�plian�e Systems,Inc.8EB3-ECAS-2d 13L2.�.E�.73 2
<br /> Cansutner R�al Es#at�-Security Ir�strument DL2�36 Pa�e 2 af S www.campliancesyst�cns.c�m
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