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��14�75�9 in�eres�from�he date of disburs�men�a�the No�e rate and sha�i be payable,with inter�s�,upon not�ce from L�nder �o Borrawer reques��ng paymen�. �Vlortgage In�urance. If Lender requ�red mor�gage i.nsurance as a corid�tion of making �he loan secured by�h�s Securi�y Instrumen�}Borrower shal�pay�he premiums requ�red�o ma�n�ain�he mar�gage insurance in�ff��.�f,f�r any reason, �he mar�gage �nsurance coverage required by Lender �apses or ceases ta be �n effeG�, Borrower sha�� pay the premiums required to ob�a�n co�erage substantial�y equxva�en� to �he mar�gage �nsurance prev�ously in effect, a� a cos� substantially equivalen� �o �he cost to Borro�er �f�he mor�gage �nsurance previously in effec�, from an alterna�e mor�gage insurer appro�ed by Lender. If substantiaX�y equx�alent mor�gage�nsurance coverage zs no� a�axlab�e, B�rrov�er shall pay �o Lender each month a sum �qual �a oneMfiwelfth of the year�y mor�gage xnsuranc�premium being paid by Barrow�r vWhen the insuran�e c�verage lapsed or ceased to be ixz effect. Lender w��l acc�pt, use and re�ain these�aymen�s as a loss reser�e �n �ieu af mor�gage insurance. Loss reser��payments may no I�nger b� required, at th� option of Lender, if morrgage �nsuran�� coverag� �in �he amvunt and for the period�hat Lender requxres} provided by an insurer appra�ed by Lender again bec�mes ava��ab�e and�s ob�a�ned. Borrov�rer shall pay the prem�ums requ�red�o ma�ntaxn mor�gage i.nsura�.c� �n�ffect, or ta pro�zde a�oss reservey un�z� �he requ�r�m�n� for mor�ga�e insurance ends in a�cordance wi�h any wr�tten agreemen� between Borrower and Lender or Applicable Lavw. Inspect�on. Lender or xts agen�may ma�e reasanable entr�es upon and inspec�ions of�he Properry. Ler�der sha1� give Borrower notic�a��he time of ar prior t�an znspe��zon spec�fying reasonab��caus�for�he inspec��on. Cvndemna�ion, The proceeds of any av�ard ar claim far damages, d�rec�ar consequentia�, in connec�ian with any candemna�ion or ather tak�ng of any par�of the Proper�y, �r far conveyance in �ieu of candeznnat��n, are hereby ass�gned and sha11 be paid�o Lend�r. �n the event of a to�al taking of�he Propert�, the proc�eds shal� be applied to the sums seGured by �hzs Secur�ty �nstrument, v�heth�r ar no� then due, vvith any excess paid �a Borrower. �n the event of a par�ial taking of�he Property in which the fair marke�va�ue of the Pr�perty immediately before �he �ak�ng zs equal�a or grea�er than �he amoun� of the su.ms secured�y this Secur�ty �ns�rumen� immedia�ely before the takxng, unle�s Borr�vWer and Lender othervvxse agree �n wri��ng,the sums secured by th�s Securi�y Instrument sha��be reduced by�he amount af �he praceeds multiplied by�he fo��ov��ng fractio�: �a�the to�a� am�un�of�he sums secured�mmedzate�y bef�re�he �ak�ng, divided �y �h} �he fair marke� �alu� of the Pr�pert� immediately before the �ak�.ng. Any ba�ance shall be pa�d to Borrower. �n �h� �ven� af a par�ial taking of the Pr�perty in which th� fair mark�t �aiue af�he Prop�rCy immedia�e�y before �he �akir�g is less �haz�the amoun� of th� sums se�ured immedia�ely befor� the�ak�ng, unless Borr�wer and Lender atherwise agree in wrz��.ng or un�ess App�icable Lavv o�herwise provides, �he proceeds sha1� be applied�o�he sums secured by this Securi�y�z�s�rumen�whe�her or no�the su.ms are�hen due. If the Proper�y is abandoned by Borrower, or if, after no�zce by Lender t� Borrower tha��he condemn�r offers�o make an avvard or s��t�e a�1aim far damages, Borr�wer fai�s�o respond to Lender wi�hin the minimum number of days es�ab�ished by Appl�cab��Lav�af�er the da�e the no�ice is g��en,Lerzder is au�h�rz�ed to collec�and ap��y�he praceeds, a� i�s aptzon, either �o r�stora�ion or repair of�he Praperry or to �he sums secured by this Secur��y �ns�rumen�,wheth�r or no��hen due. Unless Lender and Borra�ver o�her�vise agre� �n wri�ing, any applicatian of proceeds�o przxa.c�pal shall n��extend or pos��ne the due da�e of the payments r�ferred �o in �h� sec��on t��led Payment of Princ�pal and Interest; Prepayment and Late Charges�r change the amount flf such paymen�s. Borr�wer Not Re�eased; Farbearance By Lender Nat a Wai�er. Ex�ension of �he txme for payment or modif cation of amor�i2ation of the sums secured by �his 5�curity Instru�ment granted by Lender�� Borrower flr any successor �n inter�st of Borrawer sha1l not opera�e �a re�ease �he liabi�xty of the origxna� Borrower or B�rrower's successors zn�nteres�. L�nder shall no�be required to commence proceedings agazns�any successor in �nteres�ar refuse to extend time for paymen�or atherwise mod�fy amor�ization of the sums secured by�h�s Security Instrument �y reason of any demand mad� by �he �r�gzna� Borrow�r ar Borrovver's successars x�a interes�. Any forbearance by Lender �n exercising any right or remedy shali not be a v�aiver of or prec�ude the exerc�se of an� right ar remedy. Suc�essar5 and AsS�gns Bound; Joint and Severa� Liability; Ac�ommoda��an Signers. The cflWenants and agreements of�his S�curity�nstrumen�sha�� bind and benefit�he successors and assigns of Lender and Borr�wer, subjec� �o �he pro��sions of sec�ion �z�Ied Transfer of the Praperty or a Beneficxal Interest in Borrower. Borrow�r's Gavenan�s and agreem�nts shal�be join�and severai.Any person wh�co�signs�hxs Securi�y�nstrument bu� does nat e�e�ute the Note �"Accommoda��on Signer"}: �a} is co-szgning thxs Securi�y �nstrumen� on�y to mor�gag�, gran� and�onvey tha�Accammodati�n S�gner's int�rest�n�he Proper�y under�he terms o��he S�cur��y �ns�rumen�; �b} �s not persnna��y ob�igated�o pay the sums secured by this Security�nstrumen�; and�c3 agrees that Lender and any other Borraw�r may agree�o ex�end,modify, farbear ar make any acconamoda��ons wi�h regard to �he�erms�f thzs Securi�y�nstrum�nt or the Nate w��houti tha�Accammodation Signer's c�nsen�. Laan Charges. �f�he l�an secured by this 5ecuri�y �nstrument is subject to a law wh�ch se�s max�mum ��an charges, and�ha� law�s f�nal�y �n�erpre�ed sa�ha�the interes��r other Iaan charges �ol�ec�ed or�a be col�ec�ed�n connectxon v�ith �he �oan exceed �he permitted I�mi�s, then: �a� any such �oan charge sha�� be reduced �y the amoun�nec�ssary to reduce the charge to the permitted �i_mits and�b} any sums a�ready ca�ie��d from Borrower �vh�ch exceeded permxtted Iimzts wil� be refunded to Borrov�er. Lender may choose �o make th�s refund by reducing �he principa� ��ed under �the Note flr by mak�ng a d�rec� �aymen� �o Borrower. If a refund reduces principa�,�he reductian will be treated as a par��a��repayment wi�h�u�any prepayment charge under�he Na�e. �20�4-2014 Gompliance Systems,Inc.4958-D42A-2Dt3L2.3,I.803 Consumer Real Estate-Security Ir�strument DL2436 Page 3 of 5 www.c�mpliancesystems.cam