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��14�75�9
<br /> Applicat�on of Payments. Un�ess App�ica��� Law pro�ides otherwise, a�l paym�nts recei��d�y Lender shall be
<br /> applied: f rs�, �� any prepaymen� c�arg�s due under the No�e; secand, �o �.nterest due; th�rd, tc� pr�nczpa� du�; and
<br /> las�,ta any Iate charges due under th�Not�.
<br /> Cha�ges; Liens. B�rrawer shall pay a�1 taxes, assessrnents, charges, fua.es and �mposi��ons� atl,ribu�ab�e to �he
<br /> P�operty wh�ch may attain priority aver�h�s Security �nstrument, and leas�hold paymen�s �r���und r�nts, if any.
<br /> Sorrower sha�l pay�hese obliga�ions on time and d�rec�ly��the person owed pay�nent. A�th�:r�quest�f Lend�r,
<br /> Barr�wer sha��pramp�ly fizrx�.ish to Lender receipts e�idencing�he payments.
<br /> Barravver sha�l prompt�y discharge any lien v�hich has pri�ri�y o�er�his Secur��y Instrum�n�u�nl�ss Borrov�er: (a�
<br /> agre�s in v�rri�ing to �he paymen� vf�he obl�gati�n secured �y the l�en in a manner accept�able �� Lender; �b}
<br /> contes�s �n. g�od faith the lien by, or defends aga�rzs� enforcement of�he ��en ir�., legal pro�e��di.ngs vvhi�h xn �he
<br /> L�nder's opin��n opera�e �o pre�e�.t the enfvrcement vf�he 1ien; or �c} secures fram the h�lder of�he Iien an
<br /> agre�m�nt sa�isfac�ary to Lender subor�iina�ing the lie��fl�h�s Security�ns�rumen�. If Lender�e�erm�nes�ha�any
<br /> part of�he Pr�per� is sub�e���o a �ien which may at�ain priority over this Securi�y �nstrumer�t, Lender may g���
<br /> Borr�vsrer a n��ice identif�ing the lien, B�rrower shal� sa�zsfy th� lien or take one or mor� of��he actions set for�h
<br /> abave v�i�hin I D days af�he giving�f not�ce.
<br /> Hazard or Praperty Insurance. Barrawer sha��keep �he �mprovernents now existing or here�fter ere��ed on the
<br /> Prapert�insured against loss by f�re,hazards included wi�hin�he term"extended�a�rerage" an�any oth�r ha.zards,
<br /> �n��uding floods flr fl�ading, for which Lender rec�uir�s insurance. Th�s insurance sha1l b�� maintained in �he
<br /> amaun�s and for the per�ods�hat Lender requires. The insurance carrier provi�ing the insuran��shall b��hos�n by
<br /> Borr�wer subject �o Lend�r's approval �hich shal� nflt be unreas�na��y v��thhel�. If Borrower fails t� ma�n�ain
<br /> c�verage described ab��e, Lender may, at Lender's op�ion, obtain coverage tfl protec� Ler�der's r�ghts �n the
<br /> Property in accordance wi�h sec�ior��itled Protec�ion of Lender�s Rights in th�Praperty.
<br /> A�� i�surance pfll�c�es and renewa�s shall be acceptable �o Lender and shall include a s�anda�•d m�r�gage clause.
<br /> Lender shall�ave the right to hold the po��cies and renev�als. If Lender requ�res,�orrawer sh�.11 promp�Iy g�ve to
<br /> L�nder alI r�Cezpts of paid prem�ums and renewal na���es. In th� event of Iass, B�rrower shall g��e prompt no��c�
<br /> to th��.nsuran�e carr�er and Lender.Lender may make proof af loss if not mad�pr�mpt�y by Bc}rrower.
<br /> Linless Lend�r and Borrower ��her�v�se agree �n wri�ing, insurance proceeds sha�l �e app���:d ta res�ara��on or
<br /> repa�r �f the Properfiy damaged, if, in Lenderrs sa�e discretion, the res�aration or repair is ec�onflm�ca�l� feasible
<br /> and Lender's securi�y is not �essen�d. �f, in Lender's so�e discre�ion, the restorat�on or repair is n�� ecanomica�Iy
<br /> feasib�e or Lender's se�urity vvoul�be��ssened,�he insurance proc�eds sha�1 be applied to the sums secur�d i�y this
<br /> S�cur�ty �nstrument, vvhether or nat then due, wi�h any excess paid to Borrawer. If Borrr�wer abar�dons the
<br /> Proper�y, or d��s no�answer within the number�f days prescribed by Appli�abl�Law as se�farth in a nati�e fram.
<br /> L�nder to Borrower�ha��he insuran�e carrxer has affered�o set�le a�Ia�m, then Lender may c����ct�h� insurance
<br /> proceeds. Lender may use fhe proceeds �o repair or restore th� Property or to pay sums secu.�-ed by thzs Security
<br /> Ins�rum�nt,v�hether or na�then due.The period�f time for Borrawer�o answer as set forth in tl�e notzce v��ll begin
<br /> whe��he nfl�i�e is g��en.
<br /> U��ess Lender and Borrower o�her�v�se agre� in writing, any app��ca�ian of proceeds ta princi��al sha��no�ex��nd
<br /> or postp�n� �he due da�e of the paymen�s referr�d �o in the sec�ifln �i�le� Paym�nt �f Princ:igal and Interest;
<br /> P�-epayment and Late Charges ar chang�the amount af the payments. �f under the sec�ion t:�tled Acc�lerat�on;
<br /> R�m�di�s, �he Property �s acquire�by Lender, Borravver's righ��� any insuran�e poli�ies and.pro�eeds result�ng
<br /> fr�m damage to�he Property pr�or�o�h� acqu�sition shall pass to Lend�r to�he extent of the si.�.ms s�cu.r�d by this
<br /> Securit��nstr�en�imrnediateiy pr�or ta�he acqu�si�ion.
<br /> PreS�r�ation, Maintenance and Protecti�n of the Property; Borrower's Loan Appiic;�tion; L�aseholds.
<br /> BorrQwer shall not destray, damage or impair the Property, allov��he Froperty�o de�eriorate, ar commi��as�e on
<br /> th�Praperty.Borrower shall be�n defau��if any forfei�u.re action or pr�c�eding,whe�her c���l o�criminai,is begun
<br /> tha� in Lender's good fai�h judgment could resu�t in forfeiture of�he Property or otherw�se ma�erial�y impair the
<br /> lien crea�ed by �his Security Instr�ment ar Lender's security in�erest. Borra,wer may cure ��uch a d�faul� and
<br /> re�n.s�a�e, as pro�ided in sec�ion t�tl�d�orrovver's Right to Reinsta�e, by causing�he ac�ian or proceeding�o be
<br /> dismissed�vi�h a ruX��n.g tha�, in LenderTs good faith de�ermina��on,precludes forfei�u.re flf the Bt�rrower's int�rest u�
<br /> th� �roper�y or o�her mater�a� �m�airment of�he lien crea�ed by this 5ecur��y �ns�rument �r Lender�s se�urity
<br /> in�erest,Borrower shall also be in d�fauT�if Borrower,during the�oan appl�cation pro�ess,gav�:materza��y false or
<br /> in.accur�.t� �nformation �r statements to Lender �or failed to pra�ide Lender w��h any ma�erial inforn�.atian3 �n
<br /> canr���tion w��h the �oan e��denced by the I�ote. �f this Securi�y �ns�rum�nt is �n a leaseha�d, Borro�ver sha�l
<br /> comply with a���he prnv�sions af�h��ease. �f�arrovver acquires fee�itl��o the Property,the�e�.seho�d and the fee
<br /> �i�I�sha�I no�n�.erge unless Lender agrees�o�he merger�n writing.
<br /> Protect�on �f I.renderTs Rights �n the Property. �f Borrovver fa��s to perform th� co�enar:�ts and agre�men�s
<br /> �flr��ained in��s Security�nstrume�.t, ar there is a legal praceeding that may signif�a.ntly affe�t Lender's r�ghts in
<br /> the Praperty �such as a proceed�ng in bankruptcy, proba�e, fflr condemnati�n or f�rfei�ure or �o enforc� Xaws or
<br /> regulations}, �hen Lender may do �.nd pay for whatever �s n�cessary ta protec� the �alue o�the Prvperty and
<br /> Lend�r's rights in the Proper�y. Lender's ac�ions may include paying any sums secured by a lien v�hi�h has priorz�y
<br /> o�er�his Se�urity Instrumen�, appearing in cour�,pa�ing reasana�ble att�rneys'fees a.nd enteri.ng;on�he Praperry�o
<br /> make repairs.Althaugh Lender may take ac�ion under this sec�ron,Lender does not have to do s�n.
<br /> Any amounts d�sburs�d by Lender under �his sectian shall become add��ional debt af Borrou��r secur�d by �h�s
<br /> Securi�y �ns�ment. Unless Borro�ver and Lender agree �a �ther terms of payment, these t�mounts shall bear
<br /> �2��4-2414 Campliance Systems,Inc.�g58-44�A-2413L2.3.�.803
<br /> Consum�r Reai Estate-Security�nstrument DL2435 Page 2 of5 w�rn�,�ampiiance�ystems.com
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