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��14�755�
<br /> Payment of Prin�ipal and Interest; �ther Charges.Bflrro�ver shall promptly pay when�u�fih�pr�nc�paX of and
<br /> �n�er�st�n th�debt awed under�he��ntract a�nd late charges or any o�her f�es and�harges due un�er the�ontract.
<br /> A�pplicable Law. As used �n �his Security ][nstrument, the �erm "Applica�le Law" shal� mean all controlling
<br /> a�pli�able fed�ra�, s�at� and local sta�utes, re�ulations, ordinanc�s and administrati�e rules and orders �tha� ha�e
<br /> th�effect�f Iav�}as well as al�applicable fna�,non-appea�able jud���a�oprni�ns.
<br /> ��harges; Liens. Borrower shall pay a�l taxes, assessmen�s, charges, fin�s and imposi�ions at�-ibutab�le �a �he
<br /> Pr�perty vSrhi�h may atta�rz pr�or��y over�his �ecurity �nstrument, and leasehold payments or grour�d ren�s, if any.
<br /> A�.th�r�quest of Lender,Barrflw�r shall prarnptly furnish to Lender receipts evidencing the pa�Tmen�s.
<br /> Barrovver shall promp�Iy d�scharge any l�en which has priority over�his Security Instrument u:nless Borrawer: �a3
<br /> a�rees rn writing ta the paymen� of��e obl�ga�zon secured by the l�en rn a manner acceptable to L�nder; �b}
<br /> ca�ntests in good faith the Ixen by, or defends agains� enforc�m�n� of�he I�en in, l�gal prace�:d�ngs wh�ch in th�
<br /> L�nder's op�n��n aperate �o pre�ent the enforc�men� of�he lier�; or �c} secures fr�m �he holder of th�e Iien an
<br /> agreement satisfactory�o Lender sub�rdinating the Iien to�his �ecuri�y Ins�rument. If Lender de�e�m�ne5�hat any
<br /> part of the Praperty �s subj ec��a a �ien wh�ch may at�ain priority a��r this Secur�ty�nstrum�n�, Lender ma� gi�e
<br /> BorrQv��r a notice iden�xfy�ng�he ��en. �3orro��er sha�l sa��sfy�he Iien ar take one or mare of�he actions s��for�h
<br /> a�ove wi�hin 10 days of the giv�ng of n�tice.
<br /> I��zard or Pr�per�y InsuranCe. Sorrower s�lall keep�he improv�men�s now exis�ing or here�.fter erec��d an th�
<br /> Properry insured aga�nst loss by f re,ha�ards�n�Iuded within the�erm"extended co�erage" and.any o�her hazards,
<br /> in�luding floods or f�ooding, far which Lender requires i�surance. This insuran�e shall be main�a�n�d �n th�
<br /> amoun�s and for th�per�ods tha�Lender requix•es.The insurance carri�r pra�iding the insuran��sha��be�hflsen�y
<br /> Barrower su�j�c� �o Lender's appr��a� vvhich. shal� not be unreasana��y withhe�d. If B�rrow�r fa�ls �� ma�.r�tairz
<br /> co�erage d�s�r�bed above, Lender may, at ��ender's option, ob�ain �vverage to pro�ect Lender's r�g�ts �. �he
<br /> Prope�-�y in accordance,wx�h sec�ion�itled Pro�tec�i�n of Lender's Rights in the Proper�y.
<br /> Al� znsurance pol�cres and renewals sha11 be �.ccepta�Ie ta Lender an� shall inc�ude a standard m�rtgage clause.
<br /> Lender shall ha�e�he right�o hold the polrcie� and r�nevtra��. �f Lender requires,Borrov�er sha11 promp�Ty giv��o
<br /> L�nder a�l receipts of paid prem�ums and r�n�wal no��ces. In the even�of Iass, Btirr�vver shall give prorr:�p�x�o��ce
<br /> to�he insurance�arrier and Lender.Lender m�.y make praof of loss�f not made pr�mp�Iy by Borrflv�er.
<br /> Unless Lender and Borrovver a�he�-�vise agre� in wri��ng, ��surance proc�eds shall b� applzed to restara�i�n or
<br /> repa�r of the ProperCy damaged, if, in L�nder's sole discretion, the restorat�on or repa�r is �ct�nom�ca��y fe�.sible
<br /> and Lender's se�urity is na� �essened. �f, in L��nder's sole discre�ian, the res�oration flr rep��r is no� ec�namica�Iy
<br /> feas�b�e or Lender's security would be lessenecL,the insurance pr�ceeds shall�e applied to the sums se�ur�d�by�h�s
<br /> Secur�ty Instru�ment, �vhether ar not �hen due, v�i�h any excess paid �o Borr�wer. If Borrawer abandons �he
<br /> Pr�perty, or does not answer within�h�numb�r of days pres�ribed by Appli�ab�e Law as se�fo�h�r��.n��ice from,
<br /> Lender to B�rro�er that the insuran�e carrier has �ffered�� set��e a claim, then Lender may cc���e�t�he insurance
<br /> pr���eds. Lender may use the pr�c�eds ta repa�r ar res�ore �he Praperry or to pay sumE.s secured by this Secur�ty
<br /> 7nstrumen�,whe�her or not then due.The period of time for Borrower to answer as se�farth�n tr�e nati�e�ill begin
<br /> when the no�ice is gi�en.
<br /> Unl�ss Lender and Borrovver o�he�-v�ise agree �n v�riting, any application of proceeds to pr�nc��aa� shali r�o�extend
<br /> �r p�stpone th� du� da�e of the payments due under the �ontrac�or�hange the amount of�he paymen�s. If under
<br /> �h� sect�on�i�Ied Acceleratian; Remedies, �hP Praperty is acquired by Lender, Barrawer's rigllt to an�insurance
<br /> po��cxes and proceeds resu���ng from damage �o th� Properry prior to �he acquisi�ion shall pa��s �o Lender to th�
<br /> �x��n�of�he sums secured by this Secur��y Instrument immedxately pr�or to the acquisi�ion.
<br /> Preservation, Maintenance and �'rvte�t�orn af the Property; Borrvwer'� Loan Appli�a.tx�n; L�a�sehalds.
<br /> Barr�v�er sha1�nflt destray, damage or�mpair the Properfiy, al�ow th�Properry to deteriora�e, o�r commi�vvaste an
<br /> the Property. Borravwer shal��e in default�f any forfeiture action or proceeding,whether c��ri�ar crim�nal, is�egun
<br /> that �n Lender's goad faith judgmen� could result �n farfeiture �f the Properry or a�h�rw�se ma�erial�y in�pair�he
<br /> lien created by �th�s Se�urity �nstrumen� or Lender's se�urity interes�. Borrower may cure s�uch a d�faul� and
<br /> reins�a�e, as pro�ided�n sec�ian�itl�d Borrower's R�ght to Re�nsta�e, by causing�he a�tion c>r proceedxng to be
<br /> di�m�ssed�ith a rul�ng that, in Lend�r's good fa�th de�ermina�ion,precludes farfeiture of�he Borrower's interest�n
<br /> �he Proper�y or ��her material impa�.r�ment of�he ���n created by this Secur�ty Instrumen� ar Lender`s s�curity
<br /> ir��erest.BQrro�rer sha11 also�e�n defaul�if Barrower, during�he laan app�ication proc�ss,ga�e ma�eria�I�false or
<br /> in�.�curate information or statemen�s to Lend�er �or failed �o pra�ide Lender wr�h any m�.ter:ial inforr��.ti�n� �n
<br /> co�.ne��i�n with the Ioan ev�denced by�h� �on�ract. If th�s Security Ins�rumen� �s on a leaseho��d, Barr��er shall
<br /> �onn��y�vith a���he provisiflns of the Iease. If Sorrower acqu�res fee�it1��o the Praperty,�he�ea�sehold and the fe�
<br /> ��tle shal�no�merge unless Lender agr�es to�h�merger in wri��ng.
<br /> Pr�te����n of Lender'� Rights in the Prop�erty. If Borrovver fai�s �o perfflrm �he co�enan�ts and agreemen�s
<br /> con�ained in�his Security�nstrument, or there is a�egal proceeding tha�may signif can�ly affec1t Lender's rights in
<br /> �h� Property �such as a proceeding in bar�kru��tcy, proba�e, f�r condemnati�n or forfe��ture or�to enforc� Iaws or
<br /> regulations�, �hen Lenc�er may do and pay fc�r whate�er is necessary �o protec� the value of the Praperty and
<br /> Le�der's rights in the Property. Lender's ac��ans may�nclud�pay�ng any sums secuared�y a Iien whzch has pr�ority
<br /> ov�r this Securi�y rnst�rument, app�ar�ng in cour�,paying reasanabl�at�orneys'fees and en�ering an the Properry t�
<br /> make repairs.A��hough Lender may�ake action under th�s sec���n,Lender�o�s not ha�e tfl do sc�.
<br /> Any amounts disbursed by Lender under this se���on shall �ecome addit�onal deb� of BorrQwer se�ure�. by �his
<br /> Se�uri�y �nstru.men�. Unless Bnrrawer and Lender agree to o�her terms of payment, these am�un�s sha�� bear
<br /> 0 Z44�-2414 Camplian�e Systems,�nc.4g58-37�4-�a13L2.3.1.803
<br /> Cor�sumer Real Es#ate-Security Instrument�]L��35 Pa�e 2 of 5 www,�ampiiancesystems.��m
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