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��14�51��
<br /> Payment vf Prf n��pal and Interest; 4th�r�harges.Borrower shal�promp�ly pay when due the pr�ncipal of and
<br /> in�erest on the deb�ovved under the Contract and la�e charg�s or any o�her fees and�harges due under�he��ntra�t.
<br /> Applicable Law. As used in this Securi�y Ins�rument, �he �erm "Applicable Law" shall mean all controlling
<br /> app�icab�e federal, state and �acal statu�es, regulati�ns, ordinances and adm�nistra���e ru�es and orders �that ha�e
<br /> �he effec��f lav�}as�ve�l as aIl app�icable f nal,non-appeala�le judicial�p�nians.
<br /> �harges; Liens. Borrawer sha�l pay all taxes, ass�ssm�nts, �harges, f nes and impasit�ons at�r��u�able �o fihe
<br /> Prop�rty�hi�h may at�ain priority over this Security Instrument, and Ieasehold payments or ground r�n�s, �f any.
<br /> At the reques�af Lender,Borrower shall promptly fUrn�sh�o Lender receip�s ev�dencing the payments.
<br /> Borrawer sha�T prompt�y d�scharge any 1i�n v�hich has pr�ority o�er this Security�nstrumen�unless Borrower: �a�
<br /> agrees �n writing to the paymen� of the obliga�ion secur�d by the �ien in a manner a�ceptable to Lender; �b�
<br /> contests in good fa��h�he lien by, or defends against enforcement af the lien �n, Iegal proceedings which in �he
<br /> Lender's opinion op�ra�e ta pr���nt �h� enforcement of�he I�en; or ��} se�ures fram th� halder of�he lxen an
<br /> agr�emen�satisfactory�o Lender subordi.r�ating�he Iien�a this Security Instrumen�. �f L�nder determin�s�ha�any
<br /> par�of th� Praperty �s subj ec��o a 1�en wh�ch may at�ain pr�orifiy over�his Sec�rity Instrument, Lend�r may give
<br /> Borrower a nflt�ce iden�if�ing the lien. Borrawer shall sa��sfy�he �ien or�a�e one or more of�he ac�ions se�f�r�h
<br /> above wi�hin 1�days of the giving of n�ti�e.
<br /> Hazard or Property Insuran�e. B�rrower sha11 ke�p�he impr�vemen�s now exis�ing or hereafter�rec�ed on�he
<br /> Property insured aga�nst loss by fire,hazards includ�d within the term"�x�ended co�erage" and any o�h�r ha�ards,
<br /> inc�ud�ng fl�ods ar flfloding, for v�h�ch Lender requires insurance. This insurance sha�l b� ma�n�ained in the
<br /> amoun�s and far the periods�ha�Lender r�qu�res. The insuxance carrier provid�.ng the insurance sha�l be ch�sen by
<br /> Borrower sub��ct �o Lender's appro�al which shall no� �e unreasonab�y v���hheid. �f Barrow�r fails to main�ain
<br /> coverage descr�bed above, Lender may, a� Lender's option, o��a�n �o�erage �o prfl��ct Lender's righ�s �� the
<br /> ProperCy in accordan�e wi�h sectian ti�led Protection of Lender's R�ghts in�he Praperty.
<br /> A�� �nsuran�e policies a.nd renewals shall be accep�ab�e to Lenc�er and shal� ��c�ude �. standard mor�gage c�ause.
<br /> Lender shal�have the right�o ho�d th�policies and ren�wa�s. If Lender requir�s, Borrower shall pramp��y g�ve t�
<br /> Lender aIl recerp�s of paid prem�ums and renevwa�nat�ces. �n the ev�nt of�oss, Borro��r sha1l give promp�no�ice
<br /> �o�he insurance carr�er and Lender.Lender may mak�proof of loss if not made promptly�y Barraw�r.
<br /> Un�ess Lender a.nd Borrower ��herw�s� agree in vsrri�ing, insuran�e proceeds sha�l be applied �a res�oration or
<br /> r�pair of the Proper�y damag�d, �f, in Lender's sole d�s�retion, the res�ora�ian or repair �s ec4n�rriica�ly feasible
<br /> and Lender's security is not �essen�d. If, in Lender's s�l� d�scretion, �he restoratian ar repair is not econamica�ly
<br /> feasible or Lender's security�ould�e�essened,the�nsurance pr�ceeds sha�1 be applied�o the sums se�ured by th�s
<br /> Security �ns�rurnent, whether or not then due, v�rith any excess paid to Borrower. If Barrower abandons the
<br /> Proper�y, or does not answer within�he num�ber of days prescribed by Appl�cable La�as set for�h in a notice from
<br /> L�nder�o Borrov�er�ha�the �nsurance carrier has offer�d�o settle a claim, then Lender may coilect the insurance
<br /> praceeds. Lender may use �he proceeds to repair ar res�or� �he Proper�y or t�pay sums se�ur�d by�his Secur�ty
<br /> �nstru.ment,whether or not then due. The period of�ime for B�rrawer�fl answer as set f�r�h�n the no�ic�w��1 begin
<br /> when the no�ice is gi�en.
<br /> Un�ess Lender and Borrower otherw�se agre� �.n writing, ar�.y applica�ion of proceeds ta principal shall not extend
<br /> or pastpone the due dat� af the paymen�s due under�he Contrac�ar change the am�u.nt of�he payments. Zf under
<br /> the se�t�on�i��ed Acceieration; Remedies, �he Proper�y is acqu�red by Lender, Borrower's right t� any �nsurance
<br /> p���cies and proc�eds resuit�ng from damag� �o �he Proper� pr��r �� the acquisi�i�n shall pass t� Lender�o the
<br /> extent of the sums secured by this Securifiy�nstrumen�irnmediately pri�r�o�he ac�uisiti�n.
<br /> Preservation, Maintenance and Protecti�n af the Property; Borr�r�er�s Loan App��cation; Leaseho�ds.
<br /> B�rro�er shall not destroy, damage or impair the Property, al��w�he Praperty ta deteriorate, or commit waste on
<br /> �he Properry. Barrower sha�l be in default if any forfeitur�ac�ion ar praceeding,whe�h�r c��il or cr�m�nal, is begun
<br /> that �n Lenderrs gaod faith judgment could r�su�� in farfeiture of�he Property or other�vise ma�erially �mpair the
<br /> lien cr�ated hy this �ecurity Ins�rumen� vr Lender's securi�y interest. Barrov�er may cure such a default and
<br /> reinsta�e, as pro��ded in section�i�led Borrovver's Right to Reinstat�, by caus�ng�he act�on or proCeed�ng�o ��
<br /> �ism�ssed v�i�h a ruling�ha�, in Lender's gflod fai�h determinativ�.,p�re��udes forfei�ure of�he Sorrower's in�erest�n
<br /> the Proper�y or other ma�erial impairment af the i�en �rea�ed by th�s Se�u.rit� �ns�rumen� or Lender's se�urity
<br /> �n��rest.Borrawer shal�a�so be�r�defaul�xf BorrflWer,during the loan applzcation pracess,gave mater�al�y fa�s�ar
<br /> inac�urate informa�ian flr s�a�em�n�s �a Lend�r �ar failed �o pro�ide Lender �vith any materia� information} zn
<br /> �onnec��on�vith the l�an e�idenced b�the �ontra�t. If this Secur��y�nstrument is an a�easeho�d, Bflrrower shall
<br /> c�mply w�th a���he pr�vis�ons of�he lease.�f Borrawer a�quires fee t���e ta�he Praperty,the�easehold and�he f�e
<br /> �itle shal�no�merge unless Lender agrees�Q�h�merger in wri�ir�g.
<br /> Protection of Lend�r'� Rights in the Property. 7f Borrovver fai�s to perform �he covenants and agreements
<br /> contain�d in�h�s Security�nstrumen�, ar�here is a legal praceed�ng tha�may signifcantly affect Lender's righ�s in
<br /> �he ProperCy �such as a proceeding in bankrupt�y, proba�e, f�r c�ndemna���n or forfeiture or to enforce laws or
<br /> regu�at�flns�, then Lender may do and pay for whatever is necessary �� protec� the value of�he Property and
<br /> Lender's r�ghts in the Froper�y. Lender's activns ma�inc�ude paying any sums secured by a lien whi�h has pr�ority
<br /> flver�h�s 5e�urity�ns�ruament, appearing in cour�,pay�ng reasonable attarneys'fees and en�ering on�he Property�a
<br /> make repa�rs.A�though Lend�r may�ake a���on under this sec�ion,Lender daes no�ha�e to do so.
<br /> Any amounts dis�burs�d by L�nder u.nder �his sectian shail be�flme addi��ona� debt of Borrower secured �y th�s
<br /> Se�uri�y �nstrument. Unless Borrower and Lender agree to o�her terms of payment, �hese am�un�s shall bear
<br /> �2�44-2414 Complian�e Sys#ems,Inc.4958-13C7-24 t 3 L2.3.i.803
<br /> Cansumer Real Estate-Security Instrument DL2035 Page 2 af 5 wGv�v.compliancesystems.�om
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