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- ��14��577
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<br /> Applic�tian of Paym�nts. i�n��ss App�icable Lav�pr��vides other�vise; a�l payments recei�ed by Lender sha�l be
<br /> applied: firs�, �� any prepa��nent charges due under�he No�e; sec�nd, to �n�eres� due; th�rd, to pr�ncipal due; and
<br /> Iast,t�any la��charges due under�he No�e.
<br /> Charges; Liens. Borrov�rer shall pay a�l taxes, assess��nen�s, charges,: fines and impasi�ions at�r�bu�able t� the
<br /> Pr�perty vvhich rnay atta�n prior�ty aver this Security�nstru�n�n�, and �eas�hold pa�rrrents �r ground rents, if an�.
<br /> Borrower shall pay these obiiga�ions on time and d�rectly�o�he persor��vved payment. At the request of Lender,
<br /> Borrower shall promptly furnish tu Lender rece�p�s eviden�ing�he paymen�s.
<br /> Borrov�er shall promp�Iy disc�harge any Ii�n whi�h has prit�ri�.y�ver�his Securi�y Instrument un�ess Bflrro�er: �a�
<br /> agrees �n wri��ng �a �he payment of�he abliga��on secured �� th� �ien in a �nanner accep�able tfl Lender; (b�
<br /> can�ests in good fa��h the �ien by, or def�nds against enforcement of�he lien in, �ega� pro�eed�ngs vvh�ch �n �he
<br /> Lender's opin�an op�ra�e t� pr�ven� the enf�rcement af�he X�en; �r �c} secures from �he h�Ider �f the ��en an
<br /> agreemen�sat�sfact�ry�o Ler�der subo�rdina�ing the 1�en�o this Secur�ty Instrumen�. �f Lender determ�nes that any
<br /> part of�he Praperty is subjec�to a lien whic�i may atta�n prior�ty o�er`this Se�ur�ty �ns�rument, Lender may give
<br /> B�rrow�r a nat�ce �dent�fying�he 1��n. Barr�wer sha�I satisfy the Iien or take ane or m�re of the a�ti�ns se�forth
<br /> above�v�th�n 14 days of the gi�ing of notice.
<br /> Ha2ard ar Property Insurance. Borrov�er sha�l keep�he impr��emen�s nov��x��ting�r hereafter ere��ed�n the
<br /> Property insured agains��oss by�re,ha�ards inc�uded with�n�he term ":e��ended coverage" and any other ha2ards,
<br /> including flaods or fl�oding, far v�rhi�h Lender requ�res insurance. Th1s �nsura�ce s�a11 be rna�n�alned �n the
<br /> amaunts and f�r�he p�ri��.s�hat Lerider requires. The insurance carrier provid�g the�nsurance sha1�be chosen by
<br /> Borrow�r sub�ec� �a Lender's apprava� �hich sha�l n�� be unreas�nably v�ri�hhe�d. �f B�rrov�er fails to main�ain
<br /> ,
<br /> �o��rage des�r�bed abave, Lender rnay, at Lender's a�tion, ob�ain c�verage to pro�ec� Lender's rights 1I7 �he
<br /> Pr�per�y in accordance with se�tian�i�1ed pro�ection of Lend�r�s Right�in the Pr�perty.
<br /> All �nsurance po�i�ies and rene�als shal� be acceptab�e �o Lender and shall inc�ude a standard mortgage cZause.
<br /> L�nder sha11 ha�e the righ�tQ hald�he policies and renev�a�s. If Lender requ�res,Borro�er shal�prompt�y g�ve to
<br /> Lender a�l re�e�pts of paid prem�ums and rene�al no��ces. In the e�en�of loss, Borrawer sha�l give promp�notice
<br /> to�he insurance carrier and Lender.Lender m.ay rnake proof of��ss if not made pramp��y by Borrower.
<br /> Unless Lender and Borr��v�r o�herwise agree �n v�rri�ing, �nsurance proceeds shall �e appiied �n res�arativn �r
<br /> repair of the Proper� damaged, �f, in LendeY•'s sole d�screti�n, �:he restora�ion or repa�r is ecan�m�cally feasi�le
<br /> and Lender's security is not Xessened. �f, xn Lender's sole discr`e�ion, the res�oration or repair is no� econona�cally
<br /> feas�ble or Lender's security�rau�d�e lessened,the�nsurance proceeds shall be appX�ed t�the surns secured by�his
<br /> Security Zns�rument, v�hether or nat �hen �ue, wi�h any e�cess paid to Borro�rer. �f Borrower aband�ns �he
<br /> Pr�per�y,�r does no�answer w��hin�he number�f days prescribed by Applicab�e Lavv as set for�h in a notice from
<br /> Lender ta Borr�v�er that�he �r�surance carrier has �ffered to settle a c��.�m, then Lender may collec�the insurance
<br /> proceeds. Lender may use the proceeds �o repair or restare the Prope7;ty or�o pa� sums secured by th�s Security
<br /> �nstrumen�,whether o�-n���hen due.The per�od of titr�.e for B�rrower��answer as s�t f�rth in�he notice w�l�begin
<br /> v�rhen�he no�ice is given.
<br /> Unless Lender and Borr�wer other�vise agree in�r�t�ng, any app�i�ation�f proceeds ta princ�paX shall no�extend
<br /> or postpone �he due date af the payments referr�c� �o in the se��ion ti�tled Payment of Principal and Int�rest;
<br /> Prepayment and Lat� Charges or change the amount of the paymen�s. �f under�he s�c�ion���led Acceierat��n;
<br /> Remedies, the Property �s acquired by Lender, Borrower's right t� any insurance pa�icies and praceeds resulting
<br /> frv�n damage���he Prope�-�y prxor to�he acquis��ion s��al��ass ta Lender to�he exten�of the sums secured by this
<br /> Se�ur�ty�nstrument immed�a�ely pr�ar to the acquisi�ior�.
<br /> PreserWa�ion, Maintenance and Pr��ectian �f the Prop�rty; Borrov��r�s Loan Applicati�n; Leaseholds.
<br /> Borro�ver shall no�destroy, damage vr impair the Pr�perty, al�aw the Prflperty to de�eriorate, or commit vvas�e on
<br /> the Proper�y.Borro�nrer sha�X�e in d�fault if any f�rfeiture a���an ar proceeding,�vh��her civi�or cri�n�nal,is l�egun
<br /> tha� ir�Lender's good faith judgment c�uld resul� �n farfe�ture of�he Properry or�thervvise ma�erial�y impair the
<br /> lien �rea�ed by �his Securi�y �nstrumen� �r Lender's security in�erest. Borr�v�er ma� cure such a default and
<br /> reinsta�e, as provided in sec�i�n���led I3arrov�►�er's Right tv Rein��ate; by causing th� acti�n or pr�ceeding to be
<br /> d�smissed v��th a ru�ing that,�n Lender's good fai�h de�ermina�tian,prec�udes farfei�ure of�he Borrower's interest in
<br /> the Property flr other ma�eria� �mpairment of�he Iien �rea�ed b� this Secur��r �ns�rumen� or Lender's securi�
<br /> �nterest. Borrower shaXl also be in default xf Borrawer,dur�ng�he loan app�i�a�ivn process,gave ma�erial�y f�.�se or
<br /> �nac�urate �nf�rmation or sta�ements �o Lender �or failed ta prav�de Lender with any ma�eria� informa��on� in
<br /> conn�ctinn w�th �he loan ev�denced by the Note. �f th�s Security �nstrumen� �s on a �easeho�d, Barrower sha11
<br /> comp�y w�th aI�-�he prfl��sions�f the 1�ase. �f Borrower acqu�res fee�itle�o th�Property,the leaseh�ld and�he fee
<br /> title sha�l na�merge unless Len�.er agrees�o�he merger�n vvriting.
<br /> Prot�ction of Lender's Rights in �he Praperfiy. �f Borrow�r fails �a perfor�n �he c�venan�s and agreements
<br /> c�ntained in�his Security Instrument, or there is a�ega�prfl�e�ding tha�may signif�can��y affec�Lender's rights �n
<br /> the Property �such as a pr�ceed�n� in bankrup��y, pr�bate, for condernnatzon or forfexture or to enfarce laws or
<br /> regu�ati�ns}, then Lender may �o and pay for whate�ver is necessary t� pro�ect �he �a�ue af the Property and
<br /> Lender's rights in the Pr�perty. Lender's ac�i�ns may inc�ude paying a�y sums s�cured by a�ien wh�ch has priori�.y
<br /> over th�s Secur�t��nstrument, appearing in court,paying reasQnab�e at�orneys'fees and entering on�he Pr�perty to
<br /> make repairs.A�though Len�er may take ac�ion under�his sec�ion,L�nd�r dfles na�have to do sa.
<br /> Any arnaunts disbursed by Lender under th�s se��ion shall bec�me addit��na� debt �f B�rro�ver secured �y �his
<br /> Securi�r Ins�run�.ent. Unless Borrawer and Lender ag�ee to o�her �erms of payment, �hes� am�unts shall bear
<br /> C�2044-20I3�ompliance SysEer�s,Jnc.8EB3-4C8B-2013L2.a.E 1.71� '
<br /> Consumer Real Estate-Security�r�s#rument DL�a3G Pa�e 2 0#'5 www.campliancesystems.cam
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