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<br /> Applica��on af Paymen#s. Unless Applicable Law provides otherwise, all paymen�s rece��ed b� Lender shal� be
<br /> applied: frst, �n any prepa�men� �har�es due under the Nate; secand, �o in�erest due; third, �o p�incipaI due; and
<br /> �ast,�a any�ate charges due under the N o�e.
<br /> Charb�s; L�ens. Borrower shall pay ali taxes, assessznents, char�es, f�nes a�d i�posi��ons a�tr�b�table to �he
<br /> Praperty v�hxch may attain pr�ori� over�his Secur�ty �ns�rument, and �easeh��d paymen�s or�raund r�nts, if any.
<br /> Barro�er shal� pay th�se obl��ations �n t�me and direc�ly�o the person owed�aym�nt. A��he reques�af Lend�r,
<br /> Borrower sha�l promptly furnish�a Lender rece�p�s evidencin�the payments.
<br /> Bar�ower shal� promptly d�schar�e any lien whxch has pr�ority a��r this Security �nstrumen� un�ess B�rr�wer: �a}
<br /> a�rees in vvritin� �o the paymen� Qf the obliga��on secured by the 1 ien in a manner accep�able to Lender; �b}
<br /> con�ests �.n go�d faith �he Iien b}�, ar def�nds a�arnst �nforcemen� af the l��n �n, I��al praceed�n�s whzch in the
<br /> Lender's ap�nion operate �o pre�ent the enforcemen� af th� lien; or (�} secures from the hfl�der of�he ��en an
<br /> a�reement sa�isfactary to Lender subordinatin��he lien �o th�s Security Instrumen�. If Lend�r de��rm�nes that any
<br /> par� af the Property is subjec��o a l�en which may attain pr�ority over �h�s Secur�ty Instrument, t,enc�er may ��ve
<br /> B�rrawer a notxce identifyin�the lien. Borrnwe�r shall satisfy�he Iien or take o�e or more of�he actions set forth
<br /> abo�e wi�hi� ��days of�he b��inb of no�Yce.
<br /> Hazard or Proper�y Insuranc�. Bflrrovver sha�l keep the �mpro�ements now existin� or hereafter er�cted on the
<br /> Propez-�y insured agains� loss hy f�re,hazards included with�n the�erm "ex�ended co�era�e" and any ot�er ha�a�rds,
<br /> �ncludx.nb flaods ar fl�od�ng, far which Lender requires �nsurance. This xnsuranc� sha�l be ma�n�ained in the
<br /> amoun�s a�d for�rhe periods tha�Lender requ�res. The �nsurance carrier pro�iding the �nsurar�ce shal� �e chosen by
<br /> Bo�rrower sub�ect to Lender's appro�a� which shai� no� be unreasonably withhe�d. If Bo�rower fa�ls to main�ain
<br /> co�era�e described abo�e, Lender may, a� Lender's option, obtain co�erage to pr��ect Lender's r��hts in �he
<br /> Praperty in acc�rdance with sec���n t���ed Pratect�on of Lender's R�gh�s in the Proper�y.
<br /> All �nsurance pol�cies and renevvals sha�l be accep�able to Lender and shal� �nc�ude a standa�-d m�rt�a�e c�ause.
<br /> Lender sha�l have the ri�h�to hald the pol�cies and renewais. If Lender�equires, Barravver shall pr�m�ptly gi�e ta
<br /> L�nder al�receip�s of paid premiums and renewal notices. �n the ev�nt of loss, �3orrower sha�l �i�e prompt n�tice
<br /> to the insurance�arr�er and Lender. Lender may m�ake proof of�oss if not made promptly by Barrowe�.
<br /> Unless Lender and B�rrower otherwis� abree �n wr�t�n�, insurance proceeds sha�l be appl i�d �o res�orati�n or
<br /> repair of the Proper�y dama�ed, Xf, in Lender's sole discre��an, the res�ora��on or repazr is econamica�ly feasible
<br /> and �.ender's secur�ty is not lesse�ed. �f, in Letader's so�e discretifln, the restora�ion or repa�r �s n�t eran�tnical�y
<br /> feasible or L�nder's securr�y wou�d be�essened,the insurance proceed�sha�l be�.pplied to�he sums se�ured by this
<br /> Secur�ty Ins�rumen�, wh��her �r no� �hen due, vvith any excess paid to B�rr�wer. If Borrov�e�r abandons the
<br /> Proper�y, or does z�ot ansvver v�i�hin the number of days prescribed by Applicab�e Law as set for�h �n a notice fr�m
<br /> Lender t� Borrovver tha��he �nsura�.ce carrx�r has offered �o set�le a c�axm, �hen Lender may coil�c��he insuran�e
<br /> praceeds, Lender may use the proceeds to repair or restare the Pr�perty or to pay sums secured by this Securi�y
<br /> Instrun�ent,wheth�r or not�hen due. The periad af time for Borrov�er�o answer as set far�h�n the n�tice wzl�be��n
<br /> when the notice is��ven.
<br /> Unless Lender and Borrower�therwYse a�ree �� wr�t�ng, any applica��on of proceeds to principal shall no��xtend
<br /> ar postpone the due date af the paym�nts referred to in the sec�ion �itled Pa��nent af PrxncipaI and Interest;
<br /> Prepayrnen� and Late Charges �r change the a�noun� �f�he payments. If under the section txt�ed A�ce�erat�on;
<br /> Remed�e�, the Property is acquired by Lender, Barrower's ri�ht�o any insurance palicies and proceeds �resul�in�
<br /> fr�m damage tfl the Property prior��the acquis��ion shall pass t� Lender�a�he�xten�of the sums secured by�his
<br /> Se�urity�nstrumen�immediately priar to the acquisiti�n.
<br /> Preser�a�ion, Main�enance and Pro�ection of the Property; Borravver'� Loan App��ca�ion; Leaseholds.
<br /> Barrawer sha�l nat destroy, damabe �r impair the Praperty, aliow�he Property t� deteriorate, �r co�nmit was�e fln
<br /> �he Praper�y, Barrower shal�be in default if any forfeit�re action or p�roceedin�,whe�her ci�i�ar critn��al, is be�un
<br /> �hat �n Lender's �aod fa��h jud�men� could result in forfeiture of�he Proper� ar o�herwise ma�e�rialIy ��npair the
<br /> �ien crea�ed by this Securi�y Ins�rument or Lender's secur�ty inte�rest. Bflrrower may cure such a defau�t and
<br /> reinstate, as pro��ded in section ti�Ied Borrow�r's Right to RexnS�a�e, by causin��he act�on or proceeding to be
<br /> dismissed with a ru�in��ha�, in Lender's�ood fa��h determination, precludes forfeiture of th� Barrower's in�erest in
<br /> �he Property ar other �na�eria� �mpa�rmeta� of the ��en created by �his Security Instrument or Lender's secur�ty
<br /> ��teres�. �orrower sha�i also be in default if Borrow�r,dur�n�the �oan applica�ian process,�a���-�a��r�a�ly fa��e or
<br /> inaccura�e informa�ian or statem�nts to Lender �or failed to pro�id� Lender with any ma�eria� informa���n} in
<br /> cannection vvith the lnan evxde�ced by �he N�te. Zf this Security Instrumen� �s o� a leasehold, Borrower sha��
<br /> comp�y w�th all the pro�isi�ns of�he Ieas�. If Borrower acquires fee�itle to�he Proper�y, the leasehald and�he fee
<br /> title shall n��merge unless Lender agrees ta�rhe mer�er in vvrit�n�.
<br /> Protec�ion vf Lender's Righ�s �n the Proper�y. If Borrawer fai�s to perform the co�enants and abreemen�s
<br /> c�n�ain�d in�h�s Securi�y Instrument, �r�here is a le�a� proceedin�that may si�n if cantly affect Lender's ri�hts in
<br /> th� Property �such as a proceedxn� �n bankruptcy, proba�e, for condemna�ian ar forfei�u�re ar to enfarce laws or
<br /> regu�a�i�ns), �hen Lender may do and pay for whate�er is nec�ssary �� prate�t the �alue af the Pr�perty and
<br /> Lender's righ�s in the Property. Lender's actions may �nclude payin�any sums secu�red by a Iien which has priority
<br /> a�er th�s Securi�y�nstrumen�, appearing�n caur�,payin�reasonable at�o�rneys'fees and enter�n�on the Property to
<br /> make repa�rs.Althou�h Lender rnay take act�on under this secti�n, Lender does na�ha�e��do so.
<br /> Any amaunts disbursed by L�nder under �h�s s��ti�n shall become add��iona� deb� nf Barrower secu.red by �his
<br /> Securi�y Instrument. Unless Borrovver and Lender a�ree to �ther �erms of payment, these am�unts sha�l bear
<br /> C�20d4-24]3 C�rnptiance Systems,Inc.9F96-7'�95-201 a L2.�.72 i
<br /> Consumer Rea!Estate-Security instrument❑L2436 Pa�e 2 a�S www.compliancesystems.carr�
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