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��15�3�73
<br /> Payment of Princ�pal and Interest; �ther Charges,Borrower shall promptly pay v�rhen due th�princ�pa�of and
<br /> in�erest on the deb�owed under�he�ontrac�and�ate�harges or any other fees and charges due under�h�Contract.
<br /> Appli�ab�� Law. As us�d in this Securi�y Instrument, �h� ��rm "Applica��Ie Law" shall mean all controlling
<br /> applicable federal, state and local statu�es, regulations, ordinances and admi��istrat�v�rul�s and �rd�rs ��hat have
<br /> the effect af�aw�as well as a11 applicable f nal,non-appea�abl�judicial opinions.
<br /> �harge5; L�ens. Borrov�er shall pay a11 taxes, assessmen�s, charges, fines and im.posz��ons at�ributab�e �o the
<br /> Property v�hich may atta�n priority over this Secur�ty Instrumen�, and leaseh�ld payments ar graund ren�s, if any.
<br /> At the reques�of Lender,Borrower sha��pramp�Iy furnish ta Lender rece�p�s ev�d�n��ng�he paymen�s.
<br /> B�rravver sha�l promp�I�dxs�harge any lien which has priori�y a�er this Security �nstrument un�ess Barrov�rer: �a�
<br /> agrees in writing �o �he paymen� of the obligation s�cured �y �he lien in �� manner accepta��e to Lender; �b�
<br /> contests �n good faith the �ien �y, flr defends agains� enforcemen� of the lier:� in,-Iega� proceed�ngs v�hich in the
<br /> Lender's opinion operate to pre�ent �he enforcemen� flf�he l��n; �r �c� secur�s from the hald�r of the l�en an
<br /> agreemen�sa��sfactary�o Lender subord�nating the lzen to this Secur��ty Instr�:�ment. �f Lender d�termines that an�
<br /> part of the Property is subj e�t t� a Iien vc�h�ch ma� at�a�n pri�ri�y fl�er�h�s S�:curity Instrumen�, Lender may gi�e
<br /> Borrower�.no�ic� iden�ifying the Iien. Borrower sha�l sa��sfy the ��en or�ake on� or mnre of�he act�ons se� for�h
<br /> above wit�in 1�days of the giving of no��ce.
<br /> Hazard o�Property Insurance. B�rrflvsrer shal�keep the �mpro�ements nav��existing or hereafter erec��d on�he
<br /> Property insured agains�loss by fire,hazards included within�he term"e�ten�:ed c��erage" and any ather hazards,
<br /> including floods or fl.�ading, for v�hich Lender re�uires �nsurance. This ir.isurance sha�I be maintain�d �n �he
<br /> amounts and f�r�he periods�ha�Lender requires. The insurance carrier provicling the insurance sha��be chos�n by
<br /> Borrovsrer subject �o Lender's approva� �vhich sha�l not be unreasonab�y wit]Zheld. If Borrower fails �o main�ain
<br /> co�erage described abave, Lender may, at Lender's op��on, �b�a�n covera��e �o protect Lender's righ�s xn �he
<br /> Praper�y�n accordance wi�h sec�ion t�t��d Pro�ection of Lender�s R�ght�in tlhe Prvperty.
<br /> A�l insurance po�icies and renevvals shall �e acceptab�e to Lender and shall �nclude a s�andard mortgage clause.
<br /> Len�er sha�l have the right ta hold the palici�s and ren�wals. If Lender requi.r�s, Borrower sha��promp�iy give to
<br /> Len�er all rece�pts of paid premiums and renewal no�ices. �n the e�en�of los.�, Borrov�er shal�g�ve prompt nfl�ice
<br /> �o�he�nsurance carrier and Lender.Lender may make pro�f of Ioss if no�made promptly by Borrower.
<br /> Unless Lend�r and Bo�-rovver otherv�ise agree in writing, insuran�e praceed.s sha�� be app�ied to r�storation �r
<br /> repair af tl�e Property damaged, if, �n Lender's sale d�s�re�i�n, �he restorati�n or r�pair is economi�ally feas�bi�
<br /> and Lender's security is not �essen�d. �f, in Lender`s so�e d�scretran, �he rest��ration ar repa�r is no� �conamical�y
<br /> feasible�r Lender's securi�y wou�d�e�essened,the�nsuranc�proce�ds shal�b��applied�o the sums s�cured by�his
<br /> Security Ins�lrument, v�hether �r nat then du�, �vz�h any exces� pa�d to B��rrovver. If Borrower abandons the
<br /> Pr�per�y,�r�ioes not aa�swer vvi�hin�he number of days prescribed by Appl�ca�l�La�as set forth in a n��i�e from
<br /> Lender�� Borrower that the �nsurance carrier has offered to set�Ie a claim, �h�n Lender m�.y colle�t the in.surance
<br /> praceeds. Lender may use�he proceeds ta repa�r or restare the Proper�y or��� pay su.ms secured by this Security
<br /> �nstrumen�,wh�ther ar not then due. The p�r�ad of��me for BorroWer��answ�.r as set for�h in the no�rce w���begin
<br /> wh�n�he no�ic�is gi�en.
<br /> Unless Lender and B�rrovver a�herv�ise agre� xn wri�ing, any application of p��oce�ds��principal shall not ex�end
<br /> or postpone the due date af the payments due under the �ontrac�t or change t��e amoun�of the paymen�s. �f under
<br /> the sec��on���Ied Accele�-atxon; Remed�es, �he ProperCy �s acquired by Lend��r, Borrower's rxght to any insurance
<br /> policxes and proceeds resul�ing from damage to the Proper�y pr�or to the acc�u�si��on shall pass to Lender to the
<br /> ex�ent of�he sums secured by thzs Security Instrumen�imxnediately pr�ar�o�he acquisit�on.
<br /> Preser�at�on, Maintenance and Protectian of the Property; Borrower's Loan App�ication; Leaseho�ds.
<br /> B�rrower shall n��destroy, damage or impa�r�he Property, a11�w the Propert���o deteri�ra�e, ar corn�.mi�v�aste fln
<br /> �he Property.Borrower shall�e in defaul�if any f�rfei�ure acti�n or pro�eedin��,�vhefiher civi�or cr�mxnal,is begun
<br /> �hat in Lender's goad faith judgmen� could resul� �n farfe�ture of the Prapert�,� or otherwise materialXy impa�r�he
<br /> �ien crea�ed by this Security Instrument ar Lend�r's se�urity xnterest. Borr{�v�er may cure such a defaul� and
<br /> reins�a�e, as provided i�a sec�ion ti�led Borrower's Right to Rein�tate, by ca�asing th� action or proceedi�g tfl be
<br /> dismissed�vi�h a ru�ing�hat, in Lender's good fai�h de�erminat�on,precludes fa�rfei�ure of�he BorrowerTs interes�in
<br /> �he Proper�y �r other mater�al impaument af the l�en crea�ed �y this S�cu��xty Instrument ar L�nder's security
<br /> interes�.Borrawer shal�also be in defau���f Borrower,during the�oan app�icat�nn pracess,ga�e ma�eria��y false ar
<br /> �naccura�� �nforma�ion ar statemen�s �o Lender �ar fa�Ied �o pro��d� Lende�� vv�th any ma�erial information� �n
<br /> cflnnection w��h�he loan e�idenced�y�he Con�ract. �f th�s S�curity�nstrume:nt is on a �easehold, Bflrrawer sha��
<br /> comp�y with al�the pro�is�ons af�he�ease. rf Borrower a�qu�res fee tit�e�o th��Proper�y,�he Ieaseho�d and the fee
<br /> title shall n��merge unless Lender agre�s to the merg�r in writ�ix�g.
<br /> Prat�ct�on of Lender'� Rights in the Prflperty. �f Borrawer fails to perform the c4��nants and agreements
<br /> conta�n.ed in�h�s Secur��y Ins�rument, or there is a�ega�proceeding that may s ignxf can��y affect L�nder's rxgh�s in�
<br /> the Property �su�h as a pr��eeding in bankrup�cy, probate, for condemnation. or forf�i�ure or to enforce lavvs or
<br /> regu�ations}, �hen Lender may do and pay far whate�er is necessary to prcft�ct �h� value af the Property and
<br /> Lender's rights in the Pr�per�y. L�nder's actians may include paying any sums secured�y a��en which has priarity
<br /> over�his Secur��y�nstrument, appear�ng in cour�,paying reasonable attarneys'f�es and entering on�he Property�o
<br /> make repairs.A�though Lender may take a�tion under th�s sect�on,Lender doe�F not have�o da so.
<br /> Any amoun�s disbursed by Lender under this section sha�� b�come add���onal de�t af Borrower secured by �hxs
<br /> Secur�ty Instrument. Unless Borrav�er and Lender agree to o�her �erms �f paymen�, these amoun�s shal� �bear
<br /> �2fl442�l4 Ca3rtpiian��Systems,Inc,FDd4-77fi4-2Q 13L2.10.�,89S
<br /> Consumer Real Estate-Security Instrument DL2035 Pa�e 2 of 5 w�vv�vv.cvmpliancesystems.com
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