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<br /> Borrower warrants a�d �i11 d�fend generall�the ��tle to the Prop�rty aga�nst all c�a�ms and d�mands, sub�ec� �o
<br /> any en�umbrances�f record.
<br /> Borro�ver and Lender ca�enar��and agree as fol�o�s:
<br /> Paymen�of Princip�l and In�erest; Uther�harges.Borro�er sha1�pro�nptly pay v�hen du��he principa�of and
<br /> �n�erest vn�he d�bt av�ed und�r the�ontract and l�.te charges or any o�her f�es and charges due under the�on�ract.
<br /> Appl�cab�� Law. As used in �his Se�urity �ns�rument, �he term "App�icable Law" shal� mean a�X con�ro�ling
<br /> app�icable federal, s�at� and ��cal s�atutes, regu�ati�ns, ordinances and ad�nin�s�ra��ve ru�es and orders ��ha�ha�e
<br /> the effe�t of 1a�v}as wel�as al�app�icab�e f�nal,n�n-appea�ab�e judicial opinions.
<br /> Charges; Liens. ��rrov�er sha11 pay a�l taxes, assessmen�s, ch�.rges, f nes an�. impQsiti�ns attributable t� the
<br /> Proper�y�vhi�h may attain pri�rity o�er this Secur�ty�nstrumen�, and leasehold paymen�s or ground rents, if any.
<br /> At the reques�of Lender,Borr�wer sha�1 prom.ptly furnish tv Lender r�c�ip�s eviden��ng the paymen�s.
<br /> Borr�wer shall promptly disc�arge any ��en wh��h has priority a�er this Secur�ty�nstrument unless B�rrower: �a�
<br /> agre�s in �r��ing to the pa�men� of the obl�gatio�. se�ured by the �ien in a manner acceptab�e to Lender; �b}
<br /> �on��sts in g�ad fai��a �he �ien by, or defends aga�ns� enfarcement of the �ien in, legal proceedings �vhich in the
<br /> Lender's opinian opera�e �o pre��n� �he enforcement vf the lie�; or �c� s�cures from the holder of the lien an
<br /> agreemen�k sa�isfactary�o Ler�der subard�nating�he �ien�o th�s Secur�ty�nstrumen�. �f Lender determines tha� any
<br /> par�of th� Property is subj ec�to a �ien vvhich may at�ain pr�ority aver this Secur�ty �nstrumen�, Lender may g��re
<br /> Borrov�er a no�i�e identifying the lien. Barrower shall sa��sfy the lien ar�ake one or more �f the act�ans se�forth
<br /> aba�e�i�h�n ��days of the giving�f notice.
<br /> Hazar� or Prapert�Insurance. Borrower shal�keep the �rnprovements no�v�r e�is�ing flr hereafter erec�ed�n the
<br /> Property�nsured agains��oss by fir�,hazards inc�uded vvi�h�n the ter�m"ext�nded co�erage" and any o�her hazards,
<br /> including floads ar fl�flding, f�r whi�h Lender requ�res insurance. This insurance shal� be maintained in �he
<br /> amounts and for the periods�ha�Lender r�quires.The �nsurarice carrier pr�vid�ng the insurance shall be chosen by
<br /> B�rravver subjec� �o Lender's approval v�h�ch shal� no� be unreasoriably rwithheld. �f Barrower fai�s �fl mainta�n
<br /> �o�erage descr�bed ab�ve, Lender may, at Lender's opti�n, �btain caverage ta pro�ec� Lender's righ�s �n �he
<br /> Property�n a�cordance w�th section tit�ed�r��ec�ion of Lender's Rights�n the Prnper�y.
<br /> A�1 insuran�e p�Ii�ies and renev�a�s sha]� be acceptab�e �o Lender and sha�� �nclude a s�andard n��rtgage clause. �
<br /> Lender sha�1 ha�e�h�righ�to hold�h�poii�ies and renewals. If Lender requires, Borrower sha�l promp��y gi�re to
<br /> Lender al�receipts of paid pren�xums and renewal n���c�s. �n the e�rent of lass, Borrower sha11 gi�e prompt natice
<br /> t�the insurance carrier and Lender.Lender may mak�proof Qf�oss if nv�made prflmptly by�3�rrower.
<br /> Unless Lend�r and �orrovver otherwise agree in v�riting, insurance proceeds �hall be applied �o res�flra��on or
<br /> repair of�he Pr�perty damaged, if, in Lender's sa�e dis�retian, �he restora�ion or repa�r �s ecvnomica�ly feas�ble
<br /> and Lender's security is nv# lessened. �f, i�Lender's sale d�scret�on, �he r�storat�on or repair is nat e�onomi�al�y
<br /> feas�ble ar L�nder's security wauld be lessened,�he insurance proceeds shall be app�ied t��he sums secured by�his
<br /> Security instrumen�, vvhe�her or no� then due, vvith any excess pa�d �a Borrower. �f Borr�wer abandons �he
<br /> Pr�per�y,or does no�ansv�er within the num�er af days prescri�bed�by Applicable Law as s��far�h in a notice frflm
<br /> Lender t�Borro�ver�hat the �nsurance carrier has offered�o se�tle a c�a�m, then Lender may c��lec��he insurance
<br /> proceeds. Lender may use�he pr�ceeds�a repa�r or restor� �he Praperty or�fl pay sums se�ured by th�s Secur��y
<br /> �ns�rument,v�rhether�r n�t then due.The period❑f�ime for Borrov�er ta ansvver as se��fvr�h in the nntice�i1�begin
<br /> �hen th�not�ce is given.
<br /> Un�ess Lender and Borrower othervvise agree in�ri��ng, any appl�ca�ion of proceeds t�principal shal�nat ex�end
<br /> or postp�ne�he due date vf�he payments due under the �ontrac��r change the amaun�af�he payments. �f under
<br /> the sec��on t��Xed�ic�e�eration; Remed�es, �he]Properfiy is acqu�red by Lender, B�rrov�er's righ�to any insurance
<br /> pol�c�es and proc�ec�s resu��ing fr�m damage �� the Proper�y prior�o �he acquisitifln shall pass to Lender ta the
<br /> e��ent flf�he sums s�cured by�hxs Secur�ty Instrum.�nt immed�at��y prior ta the a�quisition.
<br /> Pre�er�atian, �Vla��tenance and Prat�ct�on �f the Proper�y; Rorrnwer's I1�an Application; Leas�hold�,
<br /> Boxrawer shall n��des�roy, damage or impair�he Praperry, allow�he Pr�perty�u deter��ra�e, �r�ommit waste an
<br /> the Property.Borr�v�er sha1�be in default if any forfeiture act�on or proc�ed�ng,whether��vil�r�riminal,is begun
<br /> that in Lender's go�d faith�udgmen� could result in f�rfe��ure �f�he Proper�y or otherwise materia�ly �mpa�r�he
<br /> Iien �reated by �his Securi�y �ns#ru�nent or Lender's secur�ty �nterest. Borr�v�er may cure such a default and
<br /> re�nsta�e, as pr��ided zn seCtian ti�led Borrov�er's �iight tv Reinstate, hy causing the ac�ion or proceed�ng�o be
<br /> d�s�n�ssed with a rul�ng tha�, ��Lender's go�d�aith determina�i�n,prec�udes forfeiture of the Borrov�rer's�n�eres�in
<br /> �he Pr�per�y or o�her ma��ria� �mpairment of the lien crea�ed by this Securi�y Instrument or Lender's se�urity
<br /> interest.Borrov�er s�a��a�s�be�n defau��if Borr�wer,during�he�oan applica�ian pracess,ga�e�mater�aXly fa�se or
<br /> ina�cura�e ir�farmat�on �r s�a�ernen�s �a Lender (ar fa�Ied �o pro�ide Lender wz�h any ma�erial �nforma�ion� in
<br /> co�necti�n v��th�he �oan e�idenced by the C�ntr�.ct. �f�h.is Securi�ty �nstrument is �n a �easeha�d, Borrower sha��
<br /> co�nply w�th ali�he provisions of the�ease. �f�3�rrower acquires fee title�o the Property,the�easehald and�he fee
<br /> txtle sha�l not merg��n�ess Lender agrees t�the merger�n wrxting.
<br /> Prn�ect��n of Lender's Rights in the Pr�perty. �f Borrower fai�s to perfar�m the covenants and agreem�nts
<br /> co�ta�ned�n this Secur��y�nstrument, or there is a legal prflceeding�hat may signifi�antly affect Lender's rights in
<br /> the �'r�pert�y �such as a proceeding in bank�up��y, proba�e, for condemnati�n or forfeiture or to enforce laws or
<br /> r�gu�at�ons}, �hen L�nder may da arid pay for o�vha�ewer is necessary to prot�ct the �alue of�he Pr�perty and
<br /> .Lender's rights �n the Proper�y. Lender's ac��ons may include paying any sums secured�y a lien which has pr�ority
<br /> C��fl04�2�13 Camplia�ce Systems,Inc.9F9b-6A27-2413L2.�.721
<br /> Cvnsumer Real Esta#e-Security Instrument DL2436 Pa�e 2 af 5 . www.carr�pliancesys#ems.com
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