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��15��115
<br /> Ap�lication of Pa�m�nts. Un�ess Applicable Law pro�ides o�h�rv�ise, a�1 payrnents rece�ved b�L�nder shall be
<br /> applied: first, �o any prepayrr�ent charges due under the No�e; second, to in�eres� due; th�rd, ��pr�n�xpal due; and
<br /> �as�,to any la�e charges due under�he N��e.
<br /> Charges; Liens. Borrovver �hall pay aI1 ta�es, as5essments, charges, fines and �mposi�ions attribu�able to the
<br /> Property vvhich may attazn pri�rity a�er this Securi�y�nstrumen�, and �easehold payments �r ground ren�s, if any.
<br /> B�rrower sha11 pay these ob�igations�n��me and direc�ly to the person owed paymen�. A�the requ�s�of Lend�r,
<br /> Borr�v�er sha�X pro�npt�y furn�sh�o Lender receip�s evidencing the paymen�s.
<br /> B�rr�wer sha��prompt��discharge any lien v�hich has priority a�rer this Se�uri�y�n�trument unl�ss Borr�vver: �a}
<br /> agrees zn writing to the payment nf the ohlig�.��on secured by �he l�en �n a manner ac�eptable �o Lend�r; �b}
<br /> ��ntes�s in g�ad faith the iien b�, or defends against enforcemen� af the l��n in, Xe�al praceedings wh�ch in �he
<br /> Lender's opinion �perate to �re�en� the enforc��ne�t af�he l�en; or �c} secur�s from the holder �f the �ien an
<br /> agreement sa�isfactary t�Le�d�r subord�nating�he Iien to this Se�urity Tnstrumen�. If Lender determines�ha�any
<br /> par� of�he Praperty �s subje���Q a Iien which may atta�n priar�ty o�er�h�s Security Instrumen�, Le�der may gi�e
<br /> Borrov�er a n�ti�e identifyin��he lien. T3orr�wer shall satisfy�he lien or take �ne or�nore of the act�ans set f�r�h
<br /> abave�uithin 1�days of�he giving of notice.
<br /> Hazard or Property Insuran�e. Borrowex shall keep t�e im�rovemen�s now ex�s�in�;or hereafter ere�ted�n the
<br /> Property insured against l�ss b�fre,ha�ards includ�d within�he terna."ex�ended coverage" and any other ha�ards,
<br /> �nclud�ng fl�ods or flooding, far v�hich Lender requires insuran�e. Th�s insurance sha�1 be mair��ained �n the
<br /> amounts and for�he per�ods that Lender requires. The insurance carr�er pro�id�tag tihe insurance s�.a1�be�h�sen b�
<br /> B�rrov�rer subjec� to Lender'� approva� which shall not be unreasonably withh�ld. If Barrower fails �o mainta�n
<br /> coverage des�r�bed above, Lender may, a� L�nder's ap�ifln, �btain c�verage �� protect Lender's righ�s in the
<br /> Prap�rty�n acc�rdance vvith�.e�t�on tit�ed Protection vf Lender'S R�ghts in the Pr�perty.
<br /> All insurance po�icies and renewals sha�1 be ac�eptab�e �� Lender and sha�l in�lude a standard �n�r�gage clause.
<br /> Lender sha�1 haWe the right��ho�d the p�Z�c�es and ren�wals. �f Lender requxres, Borrower shal�pr�mp��y gi�e to
<br /> Lender all re�exp�s af p�id premiums and renev�a�no��c�s. �n the e�en�of�oss, Borr�v�er sha11 give prompt notzce
<br /> to�he insurance car�rier and Lender.L�nder may make proof of�oss�f nat made promp�ly b�B�rrovW�r.
<br /> Unless Lender and Borrower �therwise agree in vvri�ing, insuran�e proceeds sha11 be appXied �❑ res�ora���n ar
<br /> r�pair of the Pr�per�y damaged, if, �n Lender's s��e discretion, �he res��rat��n �r repa�r is e�onomicaliy feas�bXe
<br /> and Lender's secur�ty �s n�t lessened. �f, in Le�.der's sole d�scretiari, the res��ra�ion or repair is n�t ecano�ni�al�y
<br /> feasib�e or Lender's secur�ty�vou�d�e lessened,the�nsurance praceeds shall�e appli�d�fl�he sums�ecured by th�s
<br /> Secur��y Ins�rument, whethe� or no� �hen due, wi�h an� excess paid ta B�rrower. If B�rrower abandons the
<br /> Prflperty,or does n�t ans�ver within the number�f days pres�r�bed by App�ical��e Law as set for�h in a nv��ce fr�m
<br /> Lender to B�rrower that the insura�ce carrier has offered to settle a�laim, then Lender may calle�t the �nsurance
<br /> pr��eeds. Lender may use�he proceeds �o repa�r or restore the ProperCy or�fl pa� sums secured b�this Secur�ty
<br /> �ns�rument,vvhether�r n���h�n due.The period af tirne for B�rrower�o answer as set forth in the noti�e w�l�begin
<br /> when the natice is given. � .
<br /> Un�ess Lender and Borrower o�herwise agree in wr�ting, any app�icat�an of proceeds to principal sha1�not e�tend
<br /> or pos�pone �he due date of the paymen�s referred �o �n the sect��n tit�ed Payment of Principal and Inter�st;
<br /> Prepayment ar�d Late�harge� or change the a�m�unt of�he paymen�s. If under the sec��on�i�led Ac�elerativn;
<br /> Remedies, �he Prope�y is acquired by Lender, Barrow�r's righ��o any insurance policies and praceeds resulting
<br /> fro�n.damage�o the Froperty prior tv the a�qu�s��i�n sha��pass t�Lender to�he extent af the sums secured by thxs
<br /> Secur��y�nstrumen��mmed�ately pri�r�o�he ac�uis�tion.
<br /> Preservat��n, �aintenance and Profi�ct�on of the Praperty; Borrawer's Loan Applicat�on; Leaseh��d�.
<br /> Barrov�er sha1�m��des�:roy, c�amage ar i�mpair�he Propert}�, al�ov��he Property to de�eriora�e, or comm��vWas�e on
<br /> �he Proper�y.Borrave�er shall be�n default if any farf�i�ure actian or proceeding,v�rhe�her ci�i�ar crimina�,is begun
<br /> tha� in Lender's goad fai�h judgment could result in farfez�ure fl�'�he Property or o�her�vise mater�aily impair�he
<br /> �ien created by th�s Securi�}� Ins�:rumen� or Lender's secur�ty �nteres�. Barrower ma� cure such a default and
<br /> reins�a�e, as provided �n sec��on�itled B�rrvwer's Right ta Re�nstate, by Causing�he action�r prfl�eeding��b�
<br /> disnz�ssed with a ru�ing tha�,in Lender's go�d faith de��rrnina���n,prec�udes forfeiture of the B�rrov�er's in�eres��n
<br /> the Property ar flther ma�erial impairment of the l�en crea�ed by thzs Secur��y �nstrument ar Lender's security
<br /> �nterest.B�rrflv�er shall aiso be in default if Barrawer,dur�ng the�oan app��ca��on pro�ess,ga�e nla�erial��false flr
<br /> inaccura�e inf�rmation or statements ta Lender �or failed to pro�ide Lender w��h any xnaterial informa�ion� �n
<br /> conne�t�on with �he laan ev�denced by the Nate. �f�h�s Security Ins�rumen� is on a leasehold, Bvrrower shall
<br /> comp�y�ith all the�rflv�siuns of�he lease. �f B�rr�vver acquires fee title�o the Froperty,the leasehold and the fee
<br /> ��t�e shal�na�merge unless Lender a�rees to the merger�n wri�ing.
<br /> Protecti�n nf L�nd�r'� Ri�htS in the Prvperty. �f B�rr�wer fails to perfornn. the cavenants and agreemen�s
<br /> contained in th�s Security�ns�rumen�, or�here �s a�ega1 pro�eeding that may signifi�antly affect Lender's r�ghts in
<br /> �he Properry �such as a proc�eding �� bankrup�cy, pr�ba�e, fflr condemna�i�n or forfeiture or to enforce laws or
<br /> regula�iQns�, then Lender may do and pay for whaterre�r �s ne�essary to prot�ct the value flf the Property and
<br /> Lender's r�gh�s�n the Pr�pert�.Lender's ac�ions may in�lude pay�ng any sums secured by a lien v�rh��h has pr��r��y
<br /> over this Secur�ty Ins�rumen�, appear�ng�n�our�,paying reasonable at�orneys'fees and enter�ng on�he Pr�perty to
<br /> make repairs.A�th�ugh Lend�r may take actifln u.nder�his section,Lender does no�ha�e to d�s�.
<br /> Any amaun�s disbursed by Lender under �his se�tion sha�l bec�me additi�na� debt �f Borrawer s�cured by this
<br /> Securifiy Instrumen�. Un�ess Borr�wer and Lender agre� to flther �erms �f payment, these amaunts sha�l b�ar
<br /> C�J 2�44-2Q14 Cornplian�e Systems,Inc.FDS�-5719-2�I3L2.1 Q.1.$95
<br /> Consumer Real Es#a�e-SecuriCy Instrument DL2435 Page�af 5 www.�vmpliancesystems.Gvm
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