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<br /> Payment af Pr�n�ipal and Interest; 4ther�harges,Borrower shall pramptly pay vvhen due�he principal of and
<br /> xnt�res��n the de��owed under�he�flntract and late charges ar any other fees and charges due under�he�ontrac�.
<br /> Appl�cable Law. As used in �his Secur�ty rnstrument, the term "App�icabl� Law" shal� mean all �ontro��ing
<br /> app�icable federal, s�ate and 1o�a� statutes, regulat�ons, ordinances and admin�s�rat�ve ru�es and �rders ��hat have
<br /> the eff�ct vf lavv�as we�I as a1�appl�cable fina�,non-app�alable jud�cial apin�ons.
<br /> �harges; Liens. Borrawer sha11 pay al� �axes, assessmen�s, charges, fines and impos���ons attributable �o the
<br /> Property which may at�a�n pr�or�ty aver this Se�urity Instrumen�, anclleaseho�d paymen�s ar ground rents, if any.
<br /> A��h�request of Lender,B�rraw�r shall promptly furn�sh to Lender receipts evidenc�ng the paym�n�s.
<br /> Borrower shall prampt�y d�scharge any lien which has pri�r��y over this Secur�ty rnstrument unless BorraWer: �a�
<br /> agrees �n wr�ting to the paymen� of the obliga�idn secured by the lien in a mann�r acceptable to Lender; �b}
<br /> contes�s in good fa��h �he �ien �y, or d�fends against enforcement of�he Iien in, legal proceedings v�hich �n �h�
<br /> Lender's opinion opera�e �o prevent the enforcement of the li�n; or (c} se�ures from the hold�r of�he l�en an
<br /> agreem�nt sat�sfactory�o Lender subordinating�he lien ta this S��ur�ty Instrument. If Lender determines�ha�any
<br /> part�f�he Prop�r�y is subj�c��fl a lien wh�ch ma}� a�tain pr�or��y over�his Securz�y �nstrumen�, Lender may gi�e
<br /> Borrower a notice �den��fying the �ien. Borrower sha�� sat�sfy the l��n ar take one flr more of the ac�ions se�farth
<br /> above vvithin �U days�f�he gi�inb of nn�ic�,
<br /> Hazard or Property Insurance. Borrower shall keep the impra��men�s now existirig�r hereafter er�c�ed on the
<br /> Property insured against loss�y fire,hazards included wi�h�n the�erm"extended co�erage" and any��her hazards,
<br /> inc�uding flflods or flooding, fflr whrch Lender requ�res insurance. Th�s insurance shal� be main�ained in �he
<br /> amoun�s and for#he periods tha�Lender requires. The�_r�.surance carrier pravid�x�.g the�nsurance shall be chosen�y
<br /> Borrow�r sub�e�t t� Lender's approWal which shali no� be unreasonably vt�ithheld. �f Borrovver fails �o maintarn
<br /> ca�erage described abo�e, Lender may, a� Lender's aption, ob�ain coverage to pratec� Lend�r's righ�s zn �he
<br /> Property in a�cordance w�th se����n titled Prot�ctfon of Lender�s Rights in the Property.
<br /> AiI insurance policies and renev�a�s shal� he acceptable ta Lender and shal� include a standard mortgag� c�ause.
<br /> Lend�r sha�l have the righ��a hold the palici�s and renewa�s. �f Lend�r requir�s, B�rr�wer sha��prompt�y gi�e to
<br /> Lender a�l re�eip�s of paid premiums and renewal no�ices. �n the e�ent af loss, Borrov�er shal�give pramp�notice
<br /> �o the insurance carrier and L�nd�r.Lender may mak�proof of Ioss if no�made promp��y by Borr�wer.
<br /> Un�ess Lender and Barrower o�herv�ise agree in v�riting, insurance proceeds shall be applied to res�oration or
<br /> repair of the ProperCy damaged, if, in Lender's sole discre�ian, �he restora�ion flr repa�r is ecanomically feasible
<br /> and Lender's secur�ty is not l�ssened. If, in Lender's s��e discretion, the restoratifln or repair is no� economica�ly
<br /> feas�ble or Lender's secur�fiy v�rould b��essened,the insurance proceeds sha�l be applred to the sums se�ured by this
<br /> Secur�ty Instrument, �vheth�r �r nofi fihen due, vv��h any excess paid t� Borrower. �f B�rr�wer abandvns the
<br /> Praperty, or does nfl�answ�r wi�hin th�number�f days pr�scribed by App��cabl�Lavv as se�for�h xn a no��ce fr�m
<br /> Lender ta Borrower that the insuranc�carrier has affered to set�le a claim,then Lender may col�ec��he insurance
<br /> proceeds. Lender may use�he pr�ceeds �o repazr or restore the Praperry or�a pay.sums secured b��his Se�urity
<br /> Inst�rwmen�,v�he�her�r not�h�n due.Th�period of�ime fflr Borr�v�er to answer as set far�h zn�he notice vv��I b�gin
<br /> when the n��ic e is gi�en.
<br /> Unless L�nd�r and Borrower otherwise agre� in writing, any applica�ifln of praceeds to principal shal�not�xtend
<br /> ar postpflne the due date af�he paymen�s due under the �ontrac�or�hang��he amoun�of the paymen�s. If under
<br /> the sectian�it�ed Accelera�ion; l�emedies, �he Proper� �s a�qu�red by Lender, Borr�wer's r�ght to any �nsura.n�e
<br /> policies and praceeds resu�ting fr�m damage to �he Pr�perty priar�o �he acqu�s�t��n shall pass t� Lender to the
<br /> e�t�n�of�he sums secured�y�his 5ecur�ty Instrumen�immedia�e�y prior�o the acquisi�ion.
<br /> Preservation, Ma�ntenanc� and Pratec��on of the Property; Borrawer�s Loan App�ication; Leasehvids.
<br /> Borrov��r shall no�destroy, damage ar�mpair�he Prop�r�y, allow�he Prnper�y to deteriora�e, or�ammi�waste on
<br /> �h�Prapert,�.Borrawer sha��be in defaul�if any forfe�ture action or pro�e�d�ng,whe�her civil or criminal,is begun
<br /> tha� �n Lender's goad faith judg�a�.en� cou�d resu�t in forfeiture �f�h� Proper�y or o�herw�se ma�erially �mpa�r the
<br /> Iien created by this Security Instrument ar Lender's security inter�s�. Borrower may �ure such a default and
<br /> reinstate, as prov�ded in se��ion titled Borrow�rrs Right t❑ Reinstate, by causing th� action or pr��eeding�o be
<br /> dismissed with a ruling�ha�, in Lender's good faith determination,precludes forfeiture�f�he Borravver's interest in
<br /> �he Property or o�her materia� ir�pairnaent of the lien �reated �y this Securi�y rns�rumen� or Lender's security
<br /> interest.Borrower shall als�be in defaul��f Borr�vver,during the�oan application proc�ss,ga�e ma�eria�ly false or
<br /> inaccura�e information or s�atem�n�s tfl Len�.er �or failed to pro�ide Lender vvith any ma�erial informa�zon� i.x�
<br /> connecti�n with the Ioan evidenced by�he Con�ract. �f�his Se�ur�ty Ins�rument is on a leasehald, Borr�wer shall
<br /> comply vvi�h aII�he provisions af�he lease. �f Borrower acquires fee�itle�o the Pr�per�y,�h� leasehold and�he fee
<br /> title shal�not merge unless Lender agr�es�a�he merger in�vsrrit�.ng.
<br /> Prote�t��n of Lender's R�ghts in the l�roper�y. �f Borrov�er fails to perform the co�enants and agreemen�s
<br /> con�ained�n this Security�nstrumen�, �r�here is a lega�procee�.ing that may sign�fican�ly affect L�nder's rights �n
<br /> the Prap�rry �such as a pro�eeding in �ankruptcy, proba�e, far candemnat�on or forfeiture ❑r�o enforce �av�s or
<br /> reguXations�, then Lender may do and pay far whatever �s necessary to protect �he value af�he Propez-�y and
<br /> Lender's rights in the Properry. L�nder's actians may include paying a.ny sums secured by a Iien v�h��h has priar��y
<br /> av�r th�s Security�nstrument, app�aring in cour�,paying reasonab�e at�arneys`fees and en�ering on�he Properry�o
<br /> make repairs.Al�hough Lender may�ake actian under�his sectzon,Lender does not ha�e�fl do so.
<br /> Any amounts d�sbuarsed by Lender under this section shal� become additiana� deb� af Barrower secured by th�s
<br /> Securi�y Instrument. Un�ess Borro�er and Lender agree �o other terms of payment, these amounts shall bear
<br /> C�2�04-2414�ampliance Systems,Inc.FD6fl-CDF�-2013LZ.�4.I.895
<br /> Cvnsumer Real Estate-Security Instn.ament DL2a36 Pa�e 2 of 5 www.compliancesystems.com
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