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<br /> Payment a�Pr�ncipal and In�ere5t; ��h�r�harges.Borr�wer sha1�promptl��pay when due the principal of and
<br /> �nterest on the debt owed under the C�ntrac�and Iate charges nr any�ther fees s�nd charges due under the Con�ra��.
<br /> Applicable Law. As used in this Securi�y �ns�rumen�, the term "App��cab��� Lav�" sha�I mean a�� c�ntr�lling
<br /> applicab�e federa�, state and Iocal statutes, regula�ions, ardinances and adm�nistra�ive rules and arders �tha�ha�e
<br /> �he effect af�arn�}.as�e�l as a�I applica�le final,��on�appeaiable�ud�c�a�ap�n��ns.
<br /> �har es; Liens. B�rr�wer sha�l pay all taxes, assessrn�nts, charges, fines i�nd impas�tians at�ributab�e to �he
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<br /> Praper�vvhich may atta�n pr�ority o�er this Se�ur�ty �ns�rumen�, and leasehal��paymen�s or ground ren�s, �f any.
<br /> At�he request�f Lender,Borrower sha�l promptly fixrn�sh to Lender receipts ev idenc�ng�he payments.
<br /> Barr�wer sha11 pr�mptXy discharge any ��en vvhich has pr�arity aver�his Security�nstrument unless Borrovver: �a}
<br /> agrees �n wr��ing ta �he paymen� of the obl�gation secured by the lien in a manner a�ceptahie to Lender; �b}
<br /> contes�s�in gaod fai�h �h� Iien by, or defends aga�ns� enf�rcemen� �f�he �ie� ua, �egal pr�ceed�ngs wh�ch in the
<br /> Lender's �pinion opera�e �o pre�ent the enf�rcemen� of�he l�en; flr tc} secures from the ho�der �f the Iien an
<br /> agreenlen� satisfa�tflr��o Le�der sub�r�.inat�ng the lien to this Se�uri�y �nstru�rnent. If L�nder determines that any
<br /> part of�he Pr�per�y is subject t� a lien which may attazn pri�ri�y over�his Se�curity �nstrumen�t, Lend�r may gxve
<br /> Barrov�rer a noti�e identifying the Iien. Borrower shall satisfy the �i�n or�ake �3ne or more �f th� a���ans set for�h
<br /> ab�ve within I�da�s of the gi�ir�g of notice._ �
<br /> �Iazard ar Praper�y In�urance. Borrawer sha11 keep t�e �mprflvemen�s naw existing�r hereafter erected on�he
<br /> Praper�y�nsured aga�ns��oss by f re,hazards�nc�uded within the�erm"ex�end�:d c��erage" and any other hazards,
<br /> including flo�ds or flooding, for� which Lender requires insurance. Th�s zn�aurance sha1� be ma�nta�ned 1n the
<br /> amounts and f�r the per�ods tlha�Lender requ�res. The insurance carrier providi�.ng�he insurance sha�l be�hasen by
<br /> Borrower subj ect ta Lender's apprfl�a� vvhich sha�1 not be unreas�nabl� �ithhe�d. If Borr�vt�er fails �o main�ain
<br /> c��erage described ab��e, Lender may, a� Lender's optian, obta�n co�erage ta protect Lender's r�ghts �n �he
<br /> Propert�in accor�ance w��h sec�ion�itled Pro�ection�f L�nder's�.�ghts in th:e Proper�y.
<br /> A1I insurance po�i��es and r�nevvals shall be a�cep�able to Lender and shall �nclude a s�andard mor�gage c�ause.
<br /> Lender shall have the rxght t�ho�d�he pa�icies and renewa�s. �f Lender requ�r��s,Borr4wer shall promp��y g�ve��
<br /> Lender a�1 re�eip�s of paid premiums and rene�va�notices. �n the even�of 1oss, Borrawer sha��give prompt notice
<br /> t��he insurance carrier and Lender. Lender may ma�e praof of�oss if n��mad�,prom.ptly by Borravver.
<br /> Unless Lender and B�rr�w�r a�herw�se agree �n wr���ng, �nsurance proGeed*� sha�l be app��ed �o rest�rati�n or
<br /> repair of�he Proper�y damaged, if, in Lender's sole discre���n, the res��ra����� or �epair is ecanomically feasil��e
<br /> and Lender's securifi� �s not ��essened. �f, zn Lender's so�e discre�ion, the restora�ion or�-epair is n�� econamically
<br /> feasible ar Lender's security w�u�d be lessened,the insurance proceeds shall b�:applied�a�he sums secured by�hi�
<br /> Secur��.y �nstrument, �hether ar no� then due, wi�h any excess paid �o B�}rrovver. If �orr�wer abandons the
<br /> Property,or doe�not answer��thin�he number of days prescrib�d by Applica�b�e Law as set f�rth�n a n���ce from
<br /> Lender to Barro�ver tha��he insurance �arrier has offered ta se�t�e a claim,�h��n Lender may co�ie�t�he insurance
<br /> proceeds. Lender may use the pr�ce�ds to repair ar res�or� �he Property or�t3 pay sums secured by this Security
<br /> �ns�rumen�,�he�her or no��hen due.The period af�ime fflr�orrov�er to answer as set forth in the no�ice�v��l begin
<br /> when the no�tice is gi�en.
<br /> Unless Lender and I�orr�wer a�:hervvise agree in writing, any app�ica�ion of proceeds�o pr�ncipal sha��no�ex�end
<br /> or postpone the due date of the paymen�s due under fihe �on�rac�ar change t��e am�unt of the payments. �f under
<br /> �he sec��on�i�led Ac�Q�era�io�; Remedies, �he Pr�pert�is a�quired by Lender, Borrovver's right�o any insurance
<br /> p�lic�es and praceeds resu�ting from damag� ta �he Prop�r�y pr�or to the a�c�uis��t�on sha�l pass to Lender to the
<br /> extent of the sums secur�d by�h�s Secur�ty Instrumen�immedia�tely prior�o the acqu�si�ion.
<br /> Preservat�on, Mair�tenane� and Pratect�on of �he I'raperty; Borro�er''s L�an Application; L�aseho�d5.
<br /> Borrower sha�1 not destro�, damage or impair�he Pr�per�y, all�w the Propertr��� deteriora�e, or c�mmi�v`raste on
<br /> the Property. Barrower sha1�be in default�f any f�rfeitur�ac��an or proc�edin�7,whether c�v��or crit�ina�,is begun
<br /> tha� �n Lender's g�ad fa��h judgment cou�d result in forfeiture of the Praperh,� ar a�hervv�se ma�erial�y impair the
<br /> ��en crea�ed l�y this Security Instrumen� �r Lender's security in�erest. B�rr�ower may cure such a defau�� and
<br /> reinsta�e, as pr��ided in sec��on titled Barrower'� Right ta Reinstate, by ca�us�ng�he �ction or proceed�ng ta be
<br /> dismissed w��h a ruiing�hat, �n Lender's good fai�h de�erm�nati�n,precludes f��rfeitur�af�he B�rrower's in�eres��n
<br /> the Pr�per�r or a�her mater�a� impa�rrnent of�he l�en crea�ed by this Se�u��ity �n��rum.en� or Lender's s�cur�ty
<br /> � interest.Borrov�er sha��a�so be�n defauit if B�rrflwer,during�he�oan appl�cat:�on prflcess,gave material��false ar
<br /> inaccurate infarma�iQn or statements to Lender �or fa�ied �a provide Lende:r with any ma�eriai information} in
<br /> conn�ctx�n v���h�he loan evidenced by�he Cantract. �f�h�s Security Ins�rumen�is on a�easeho�d, Borrower shal�
<br /> comply�ri�h al��he pro�isions of�he lease. �f B�rrower acquires fee tzt�e tfl�h+�Pr�per�y,the Ieaseh�ld and the fee
<br /> title shall not xnerge uni�ss Lender agrees to the merger in writing. .
<br /> Pr�tec���� of Lender's R�ghts in the Property. Tf Barrowe� fai�s ta perf�orm �he co�enants and agreemen�s
<br /> contained xn�his Security�ns�rument, ar�h�re is a legal proceeding�hat ma���ignifi�antly affect Lender's r�ghts in
<br /> �he Praperty �such as a praceeding in bankruptcy, prflba�e, for condemnat�or� or forfei�ur� or�o enforc� lavvs or
<br /> regulations}, �hen Lender may d� and pay for whatever is necessary �o pr��tect the Wa�ue of the Property and
<br /> Lender's rights in the Proper�y. L�nder's ac�ians may�nciude pay�ng any sums secured�y a��en which has pr�ority
<br /> ��er�his Securi�y�nstrumen�, appearing in c�ur�,paying reasonable at�orneys'fees and�nt�r�ng on th�Praperty�❑
<br /> make repa�rs.Al�hough Len�.er may take ac�i�n under this section,Lend�r does not ha�e ta d�so.
<br /> Any amaunts disbursed by L�nder under �his sectian sha�I bec�me addi��an��l debt of�orr�v�rer se�ured by th�s
<br /> Security �nstrument. Unless BorrovYer and Lender agree to other �erms of paymen�, these amoun�s sha�l bear
<br /> Q 2�0�-2�1�Gpmpliance Systems,Inc.FD6�-C I EA-20�3L2.I0.1.895
<br /> Cansumer Real Estate-Security Instr�.�ment DL2035 Pa�e 2 of 5 www.compiiancesystems.com
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