��14�7455
<br /> -Paymen�of Prin�ipal and Interest; �ther�harges.Borr�v�rer sha��promptly pay v�hen due�l�e pr�nGipal af and
<br /> :in��res��n the debt awed under the�on�a�t and late��aarges or any o�her fees and charges due und�r the�antract.
<br /> .��pl��a��e Lavv. As used i� this Secur�ty ���strumen�, the �erm "Applica�ble Law" sha�l mE�an all c�n�ro�l�ng
<br /> ��.ppX�cable federai, s�a�e and lflca� statu��s, regulations, ordinances and adm�n�strative rules anc� ❑rders �tha�ha�e
<br /> ��he effec�t af Ia�v3 as we]�as aIl app�icable final,n�n-appealable�udiclal�p�nlons.
<br /> �Ch�ar�es; L�ens. Borrower shall pay aIl tax�s, assessmen�s, charges, fines and impositions attribu�ab�e �o the
<br /> Pr�per�y wh�ch may attain priar�ty o�er this S�curi�y �nstrumen�, and�easehol�payments or gr�ound rents, if an�.
<br /> .At the reques�of Lender,B�rro�er sha1�promptly furn�sh�o Lender rece�pts e�ldencing the paymen�s.
<br /> Barro�ver shall pramptly d�scharge any lien���ich h�.s prior�ty��er this Securi�.y Instrument un�ess B�rrower: �a}
<br /> agrees in writing to th� payment �f�he �bligati�r� secured by �lle l�en in a manner accep�ab�e �o Le��der; (b}
<br /> �o��tes�s �n go�d faith the 1�en b�, ar defends agains� e�farcem�nt of the 1�en in, legal proceedings v�hi�h in �he
<br /> Lender's opini�n �perate to pr��ent the enfo�-cexnen� of the �ien; ar �c� secures fr�m ��e h�T der af�h� �ien an
<br /> abreerr�e�t sa��sfac�or�to Lender suborc�ina�:ing the lien��this S�curity Xnstrumen�. �f Lender cle�erm�nes that any
<br /> pa��f the Property is suh�e���o a Iien v�hich may atta�n pri�r�t� o�er this Securi�y �nstrurnen�, Lender inay give
<br /> B�rrower a n���ce identifying�he lien. B�rr��er s�all sa�isfy�he l�en or�take one or more �f�l�e actions s��f�rth
<br /> ab�ve�vith�n 1 D days af the g��r�ng of no��ce.
<br /> Hazard or Pruperty In�uramce. Borrower s�►al�k�ep�he �mpravements now exi�t�ng or hereG�fter ere��ed on the
<br /> Pr�per�y insured against I�ss b}�fire,hazards imc�uded with�n�he term"extended co�erage" and an�r oth�r hazards,
<br /> inc�uding flaods or fl��ding, for v�rh�ch Lender requ�res insurance. This insurance sha11 be rnaintair�ed xn the
<br /> �m�unts and for�h�per�ods that Lender requir�s.The insurance carrier pro�id�ng the insurance sha�l be�hosen by
<br /> �orrav�er subject ta Lende�'s approval wh�ch shal� nat be unreasonably wi�hhe�d. rf Borro�er fails t� maintain
<br /> ca�erage descr�bed abo�e, Lend�r may, at Lender's opt�on, �b�ain �o�erage to pr�tect L�nder's rig��s �n �he
<br /> Pr�perty in accordance v�ith se�ti�n ti��ed P'ro�:ec�ian�f Ler�derts Right�in the Proper�y.
<br /> A�1 �nsu�ance p�lic�es and renewals shall b� ac�epta�ble �o Lender and shal� inc�ude a standard m�r�ga�e clau�e.
<br /> Lend�r shall hav��he righ��a ho�d the pol�c�ea and r�ne�vals. �f L�nder requires, Barr�wer shall promp�ly give�a
<br /> L�nder aIl receipts of pa�d premiums and ren�wal not�ces. �n the event of l�ss, Borrower sha�i gi�e prornp�n�t�ce
<br /> t��he�nsurance carr�er and Lender.Lender m�.y make�roof of�oss�f n�t inade promptly�y BQrr�wer.
<br /> Unless �ender and Borrower oth�rwise agre� i� wri��ng, �nsurance proceeds shall �e app�ied �o res��ratian or
<br /> re�air �f the Proper�y damaged, if, in Lender's sole discreti�n, the res��ration �r repa�r zs e�onom�call� feasible
<br /> and Lender's securi�,y is n�t �ess�ned. �f, in L�nder's so�e discre�i�n, �t�e restoration�ar repair�s no� eG�n�m�call�
<br /> feas�ble or Lender's securi�y would be Iessened,�he�nsurance proceeds shai�be applied to t�he s��ms se�ured by�his
<br /> S��urity �ns�rurn�nt, whe�her or no� then du��, wi�h any �xcess pa�d �o BorrQwer. �f Barr�vver a�bandans �he
<br /> Property, or d�es no�ans�er�ithin the numb�r flf days prescribed by App�i�ab�e Law as set for�h�n a n�tice from
<br /> Lender�o Barrower�ha�the insuranGe carr�er has offered ta set��e a claim, �hen Lender ma�cr���ect�he insurance
<br /> pr�ceeds. Lend�r may use �he proce�ds �o repair or rest�re �he Prape�-�.y or to pay sums secu�-ed hy�hi� Securi�ty
<br /> �nstrumen�,whe�her ar not�hen du�.The per�a�d�f t�me for Borrawer to answer as set fflrth��n tl�e natice w��l begin
<br /> vvl�en th�natice is gi�en.
<br /> Un�ess Lender and Borrower�therwise agree in wr��ing, any app�ication of proceeds to pr�ncipa� sha�l no�extend.
<br /> or p�sfip�ne�he due da�e af�he payme�ts du� under the �antract or change�he amoun�of�he paymen�s. �f under
<br /> th� sect�on�itled Acce�eration; Remedies, the Prope��ty is acquired by Lender, BorrQwer's ri�ht�o any �nsurance
<br /> p��icies and prac�eds resul�ing from damage t� �he Pr�per�y pri�r �o �he acquis�t�an sha11 pass �o Lender to �h�
<br /> exten�af the surns secured by th�s S�curi�y Ins�rument�mmed�ately pr��r to�he acquisitiori.
<br /> Px-eserva��on, Maintenanc� and Protec�i�n af the P°raperty; Borrawer's L�an App��c�tian; L���eho�ds.
<br /> �3orrower sha��not de��roy, damage or impair the Property, a��ow the Property to deter��ra�e, ��r�amm�t waste on
<br /> �h�Pr�perry. Bflrr�wer sha1�be in default if any forfeitur�act�on vr proceeding,whether ci�il o�r cr�minal,�s begun
<br /> �h�t in Lender's good fa�fih�udgmen� c�u�d r�su�t in fo�-feiture of the property or ��herwise mater�a�ly i�mpair�he
<br /> lien �rea�ted by this 5ecurity �nstrumen� ar Lender's security in�erest. Barrower may cure such a default and
<br /> re�ns�ate, as pr��ided in se��ion titled Borrovver'� �tight to Reinstate, by causing the action{�r�raceeding to be
<br /> dismissed with a ru�ing that, in Lender's good fai�h determ�nat�fln,pre�ludes forfexture of�he B+�rrower's in�eres�in
<br /> �he Pr��erty �r other material impa�rmen� of�he l�en crea�ed by �his Security �nstrurneri� ar Lender's securx�.y
<br /> in�eres�.B�rrower sha�l als��be in defau���f B�rrower,dur�ng ti�e laan applica���n pro�ess,gav��mater�a�ly fa�se or
<br /> �naccurate inf�rmatifln or s�a�emen�s �o Lender �or failed �� pr��xde L�nder w�th any mate�-�a� informati�n� in
<br /> connectifln wi�h�he �oan evidenced by the ��ntract. �f�his Secur�fiy �nstrumen� is on a �easeh��d, Borr�vver shall
<br /> �omply v�ith a��the pro�isians of th��ease. Zf�3orr�v��r acquires fee�it�e�a�he Property,the leaseh�ld and the fee
<br /> title sha�l not merge un�ess Lender agrees t����e merger�n�nrriting.
<br /> P�-ot�cti�n of Lender's Righ�s in �h� Property. If�3orro�er fai�s �o perform the covenan�s and agreements
<br /> ��ntained in thi.s Security Instrument, or�here �s a�ega�proceed�ng that may s�gn�fcant�y affert Lender'�rights in
<br /> �he Property �such as a proceeding �n bankrup�cy, pr��bate, foY- condemna�ian or forfeiture or �� enfflrc� lavvs �r
<br /> �regu�ati�ns�, then Lender may d� and pay for whateWer �s ne�essary to pro�ect the value af�he Pro�ert�y and
<br /> L�nder's righ�s zn the Property. Lender's act�ons may�nelude paying any sums secured by a Iien which has priar�t�
<br /> ��er�his Securi�ty Instrument;appearing in cour�, paying reasonable a�torneys'fees and enterin�on the Pnoperry to
<br /> make repairs.Although Lender ma�take ac�ion under�his sec�ion,Lender d�es no�ha�e t�do��o.
<br /> Any amounts disburs�d b� Lender under �hi� secti�n shall become additi�nal de�t of Barro��ver seCured by this
<br /> S�curity �nstrument. Un��55 Borrower and Lender agree �o o�her terms �f payment, th�se am�un�s shall bear
<br /> �2dd4-24�4 CQmpliance Systems,Inc.4958-D38a-2013L2.3,�.803
<br /> Consumer Reai Es#ate-Security Instru�n�nt DL2036 Page 2 of 5 www,cQmpliancesystems.com
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