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<br /> Payment of Prin��pa�and Interes�; ��her�harges. B�rr�wer sha�l promptly pay when due�he prin�ipal af and
<br /> interest an the deb�awed under�he�antract and la�e char�es�r any o�her fees and char�es due under the��n�ract.
<br /> Applicable Law. As used �n this Securi�y Instrument, �he �erm "Applicable Law" shall mean all con�ro�l�ng
<br /> applicable fed�ra�, state and loca� s�atu�es, re�u�at�ons, ordinances and admin�strative rules and orders �tha� ha��
<br /> the effec�of�aw�as v��l�as a�l appli�able fir�al,non-appealab�e j udxcial opinions.
<br /> �harges; Liens. Borrower shal� pay a�l taxes, ass�ssmen�s, cha�r�e�, f nes and imposi�ions attribu�able to the
<br /> Property tivhich n�.ay at�ain priori�y o�er th�s Security �nstrumen�t, and leasehold payments or�round r�n�s, �f any.
<br /> A��he r�quest of Lender, Borrower shali promp�ly furnish to Lende�r receip�s evidenc�n�the payments.
<br /> Borrower sha�l prampt�y dischar�e any �ien vWh�ch has priority aver th�s Security Instrumen� unless Bor�rower: �a�
<br /> a�rees �n wri�znb tfl �he payment �f the ob1��a�ion secured by �he l��n in a rmanner accep�able to Lender; �b}
<br /> con�ests in ��od fa��h �he Iien by, or defends a�a�ns� enforcement �f�he lien in, le�al proceedin�s which �n the
<br /> Lender's opinian op�rate �a pre�ent th� enfarcemen� of the lien; or �c� secures from the ha�der of�he I�en an
<br /> agreement satisfactory to Lender subordina��n�the lien to�his Se�ur�ty �ns�rumen�. If Lender deter�m��es that any
<br /> part of the Property �s sub�ect to a lien wh��h may a�t�.in priority aver�h�s Security �ns�rumen�, Lender may �i�e
<br /> Borrawer a n�t�c� iden�ifyinb�he ��en. B�rrower shaX� satisfy the lien or take one or more of the actions se� fort�
<br /> a�ave within �0 da�s of the giving of na��ce.
<br /> Hazard or Praperty Insuran��. Borrower shall keep�he improvements now ex�st�n��r hereafter erec�ed on�he
<br /> Prflper�y insured a�ains��ass by fire,hazards included within�he t�rm "ex�ended coWera�e" and any other hazardsy
<br /> �nclud�ng floads ar fiooding, far which L�nder requires insurance. Th�s ipsurance sha�l be mainta�ned 1I7 �he
<br /> amaun�s and for the periods tha�Lender requires. The i.nsurance �arriez-pra�idin��he znsurance sha11 be chasen by
<br /> Borrower subject �� Lender's appro�al vvh�ch sha�� no� be unreasonably withhe�d. If Borrower fa�ls ta n�a�n�ain
<br /> co�erage described above, Lender may, at Lender's op�ion, obta�n coverage to prfltec� Lend�r's ri�hts in the
<br /> Property in accflrdance with sec�ion t���ed Prv���ti�n of L�nder's Rights xn�he Prop�r�y.
<br /> Ail insurance po�ic�es and renevvals sha�� be acceptable �o Lender and shall include a standard mor��a�e c�ause.
<br /> Lender shail ha�e�he right to h�id the pol�cies and renewa�s. If L�nder reQu�res, Borxower shail pr�mptly �ive�o
<br /> Lender al� rece�pts of paid prem�ums and rene�val no�ices. In�he e�ent af loss, �nrr�wer shal� g��e pro�np�noti�e
<br /> �a th�insurance carrier and Lender. Lender m�ay make praof of I�ss if no�n-�ade prompt�y by Borrawer.
<br /> Un�ess L�nder and Borrower atherwis� a�ree in vvritin�, �nsu�rance prace�ds sha�� be applied to r�s��rati�n or
<br /> repair of�he Property dama�ed, �f, �n Lender's sale d�scretion, �he restora�ion ar r�pair �s ecanomic�l�y feasible
<br /> and Lender's security is no� lessened. �f, in Lender's sole disc�ret��n, the restorat�an or repair is not ecanam�calIy
<br /> feasible�r Lender's security�vouId be lessened,the�nsurance proceeds sha�1 be applied�o the sums secured by this
<br /> Secur��y Ins�rumen�, whether or not �hen due, v�i�h any excess paid �o Borrflwer. If B�rrawer abandans the
<br /> Prnperry, or does no�answer vWithin the number of days prescr�bed by Appl�cable Law as set forth in a not�ce from
<br /> Lender�o Borrawer�ha��he �nsurance carrier has offered�o sett�e a claim, �h�n Lender may coliec��h� insurance
<br /> prac�eds. Lender may use �he proceeds to repair or restflre the P�operty or to pay sums se�ured by this Secur�ty
<br /> �nstrumen�,whether or not then due. The per�ad of time for B�rrower�a answer as set forth in the no�ice wi�l b�gin
<br /> when the na�ice�s g��en.
<br /> Un�ess Lender and �orrower o�herw�se agree in v�riting, any app�ication of pr�ceeds to principal sha�l no� extend
<br /> �r p�stpone the due date af the pay�ents due under�he Cantract or chan�e �h� amaunt af the payme�a�s. If under
<br /> the sec�ion titled Acce�era�ion; Remedies, the Properfiy is acquired by Lender, Barrawer's rig�t�a any insurance
<br /> policies and proceeds resul�inb from dama�e ta the Properry priar to �he acquisi�ion sha�� pass �o L�nder to the
<br /> ex�ent of the sums secured by th�s Security Instrurnen�i�nmed�ateiy prior t�the a�quisition.
<br /> Preser�at�on, Ma�ntenance and Protec�ion of th� Pr�p�rty; Barrow�r�s Lnan Appl�ca�ivn; Leaseho�d5.
<br /> Borrov�er sha��no�des�roy, dama�e or zmpair the Pr�perty, allow th� Proper�y ta deteriora�e, or commit waste on
<br /> the Praperty.Borro�ver shall be �n defaui�if any forfei�ure ac��on or proceedin�,whether ci�il or crimir�al,�s be�un
<br /> �ha� xn. Lender's goad faith�ud�ment c�u�d result in forfei�ure of�he Praper�y �r atherwise materia�ly impa�r�he
<br /> Iien created by this Security Ins�rumen� or Lender`s secur��y in�e�est. Barrawer may �ure suc� a defau�fi and
<br /> reinstate, as pro�ided in sect�an �itled Borrow�r's R�gh� to Re�nstat�, by causin��he ac�ion �r proc�eding to be
<br /> dismissed�xth a rulin��hat, in Lender's good faith determina�ion,precIudes f�rfei�ure of�he Barrower's interest in
<br /> the Property or other mater�al impairmen� of the �xen created by this Security Instrumen� ar Lend�r's securYty
<br /> interes�. Borrower sha�I ais�be in default if Borrawer,durin�the �oan app�ication pra�ess,�a�e m�a�eria�ly faise or
<br /> �na�cura�e infarmat��n or s�a��ments to Lender �or fa�Ied t� pr�vide Lender with any ma�erial info�mation� �n
<br /> connec�ion with �he Ioan eviden�ed by �he C�n�rac�. �f this Secu��ty Ins�rumen� �s on a �easeho�d, Borrower sha�l
<br /> comply vvith al�th�provisians of the lease. �f Borrower acquires fee�it�e�o�he Praperty,the �easeho�d and the fee
<br /> ti��e sha��n���nerge unless Lender a�rees to the mer�er in writin�.
<br /> PrvteC��an af Lender's R�ghts ir� �he Pr�perty. If Borrov�er faxls to perform the cavenants and a�reements
<br /> contained in th�s Se�urity Ins�rumen�, or there is a le�a�pro�eedxn�that may si�nifican�ly affect L�nd�r's ri�h�s �n
<br /> �he Property �such as a pr�ceed�n� in bankrupt�y, probate, for conde��nation �r farfei�ure or �o enfo�rce �aws flr
<br /> regulat�ons}, then L�nder may do and pay far whate�er is necessary ta protect the valu� of�he Propert� and
<br /> Lender's rights �n�he Property. Lender's a��Yons�nay Xnciude pay�ng any surns secur�d by a��en vwhich has prior��y
<br /> o�er th�s S�cur��.y�nstrumen�, appearing�n court, paying reasonab�e attarneys'fees and enterxn�on the Property to
<br /> n�ake repa�rs.Although Lender�nay take action under th�s section,Lender does not have to da s�.
<br /> An� amounts dYsbursed �y Lender under t��s secti�n sha�l l�ecame add���ana� deb� of Borrower secured by this
<br /> Securi�y Ins�rument. UTl1�5S Borrower and Lender a�ree to o�her �ern�s �f paymen�, t�ese amounts shall bear
<br /> 0 2�04-2��3 Cvmpliar�ce Systems,Ir�c.9F�5-b7FB-24I 3L2.0.721
<br /> �onsumer ReaI Estate-5e�urity Instrument DL203G Pa�e 2 of 5 www.con�pliancesysterns.cam
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