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<br /> Payment of Principal and �nterest; ��her�harges. �arrower sha�l prompt�y pa��v�he�due th�prin�ipai of and
<br /> �n�eres�on th�d��t ou�ed und�r�he C�n�ract and late charges or any�ther f�es and cha��es due under�he Can�rac�.
<br /> Appl�cable La�v. As u�ed in this Secur�t�. Instrument, �h� term "�pplicab�e Law" shall mean a11 contr��iing
<br /> appl�cabl� federai, s�a�e and iocal s�a�ut�s, regulations, �rdinances and adminis�rati�e rules and orders �that ha�e
<br /> �he effect af law}as���11 as all applicab�e f�na1,nor�--appealable judicial�pini�ns.
<br /> Charges; Liens. Borr4wer shali pay all �ax�s, assessments, charges, f nes and �mposit�ans attributable ta the
<br /> Property whic�� inay at�ain�rior�ty�ver th�s Securi�y�nstrument, and leaseho�d paymen�s�r ground rents, if any.
<br /> At�he rec�uest of Lender, Sarrovver shal�p�omptly furnish�o Ilender receip�s evidencing the payments.
<br /> B�rrov�er sha11 promptly dxs��arge any lien which has priority over�his Security�nstrumen�unless�3orrawer: �a}
<br /> agrees in wri�ing ti� the payment �f�he �bli�a�ian se�urred by fhe lien in a rnanner accep�a�le t� Lender; �b}
<br /> can�ests i� good fai�h the �ien by, or defends against enfarcement of the l�en in, Iega� proceedings which in the
<br /> Lenc�e�'s opin�on operate ta pre�ent the enfarcemen� af the lien; �r �c� secures from the halder �f�he lien an
<br /> agr�emen� satisfactor���� L�nder subord��a�in�the lien ta �h�s Securit�Instrumen�. �f Lend�r de�ermines tha�a�.y
<br /> par�of�h� Praperty is sub�e���fl a lien which rna�� a��ain prio��ty aver tl�is Secur�ty �nstrument, Lender may gi��
<br /> Barr�wer a notice identifying�he lien. Borrower shali satisf�the lien or take one or m�re of�he actians set f�rth
<br /> aba�e wi�h�n 1 D days of the giving of no�ice. �
<br /> Ha�ard or Froper�y Insurance. B�rrower shali keep the impr�vemen�s no�v e�isting or hereafter erected on the
<br /> Proper�y insured against las�by fre,ha2ards included�i�hin�he term."ex�end�d ca�rerage" and any flther ha�ards, ,
<br /> including f�oad� or f�ooding, for which Lender requires �nsurance. This insurance shail b� ma�ntained in �he
<br /> am�un�ts and Fo�r the periods�hat Le��der requires.The insu�rance can�ier providing the insuran�e shali be chosen by
<br /> B�rrowe�- subjec�ta Lender's approval which shall n�t be unreas�nab�� withheld. ��Borrawer fails t� maintain
<br /> coverag� described above, Lender may, at Lender's �ption, abtain ca�erage t❑ protec� Lender's r�gh�s in the
<br /> P�oper�y in accordance vvith seG�tion titled Pra�ec�ion of L�nder's Rights in�he Prv�aer�y.
<br /> All insurance polic�es a�ld r�newals si�a�i be accepta�te ta Lender arad shai� in�lude a standard mortgage clause.
<br /> Lender shal] ha���he ri�ht ta ha�d the palicies arid renewais. If Lend�r requires, Borr����r shall pr�rnp�ly��ve t�
<br /> Lender all receipts of paid premiums and rene�val natices. �n the�vent af l�ss,Borrower shall give prampt natice
<br /> to the�nsuran�e carrier and L�nd�r.Lender may make proof of�as5 xf no�made prarnp�iy by Bflrrower.
<br /> Unless Lender a�d Borrower ath�rwise agree in wr��ing, insurance pr�ceeds �hall be applied �o res�aratian �r
<br /> repair of�he Prapert�y damaged, }f, in Lender'� sole dis�retion, �h� res�arat�on o� repa�r is e�onornically feasib�e
<br /> and Lend�r's security is n�� lessened. �f, in Lender's so�e dis�retion, the restaration orr repair is n�t econamically
<br /> feasible or Lender's secur�ty w�uld be lessened,the insurance prQceed�shall be applied ta�he sums secured by this
<br /> 5ecur�ty �ns�rum�nt, whether or not then due, vvi�h any excess paid �o B�rrawer. �f L�orrower abandans the
<br /> Pr�perty,�r does no�answer w��h�n�:h�number�f days p�-escribed by App�icab�e Law as set for�h in a not�ce fram
<br /> Lender�o Borrow�r tha��he insurance carr�er has offe�red to se�tte a c�aim,�hen Lender may call�Gt the �nsurance
<br /> pr�ceeds. L�nder lnay use t�e pr�ceeds to repai�r o�-res�ore the Pr��erty �r t�pay sums s�cured by�his Security�
<br /> �nstrument,��he�her ar n��then due.The p�r�ad of time for Barr�w�r to answer as set forth in the no�ice�v���be��n
<br /> when�he natice is givcn.
<br /> Unless Lender and Borrawer ntherwise agree in urri�ing, any application af proce�ds to princ�pal s�a1�not ex�end
<br /> or postp�ne the due da�e af�he paymen�s due unde�r the Can�rac�or change�he amount of�h�payme��s. �f under
<br /> the sec��on�i�l�d Acceleratinn; Remed�es,the Prflp�rty is acquire�by Lender, Borrawer's righ�t� any �nsurance
<br /> pol�cies and praceeds resulting fr�m damag� �o �he Proper�y prior�o �he acquisi��on shali pass tQ Lender�o the
<br /> extent of the�ums se�ur�d by�h��Security rnstrument immed�ately pr�or ta the acquisi��on.
<br /> Preser�at�an, Maintenanc� anc� Pra�ectivn tif the Property; Borrower's Loan A�p�ica��an; Leaseha�c�s.
<br /> Borrower shall n��d�s�r�y, damage ar�mpair the Property, a�low�he Property to deteriora�e, a�c�mmit waste an
<br /> �he Pr�perty�.Borra�er shali be�n defau��if any forfei�ure ac��on o�r proceed�ng,whe�her civil or cr�m�nai,is begun
<br /> �hat iz� Lender's ;oad fai�h judgmer►�could resul� in farfei�u�-e af�he Prflper�y or othe�r�rise material�y impair �he
<br /> lien created by �his Security Instrumen� or Lender's security interest. BQrrower may Gure such a default and
<br /> reinstate, as pro�rided in sec�iar��i��ed�orrower�� R�gh�to Reinsta�e,by causirig the action or proceeding to be
<br /> dismissed tivi�h a ru�ing�ha�, in L�nd�r's g�ad faith de�er�nination,pr�cludes forfei�ure of the Bflrrower's interes�in
<br /> ��e Property �r other materia� impairment �f the lien created b� this Secur��y Ins�rumen� or Lender's secur��y
<br /> interest.B�rrower shal�a�sa be in defaul�iC Borrower,during t��e��an applicatian process,gave ina�erialiy false or
<br /> inaccurate information or s�a�emen�s �o Lender (or fail�d ta p��vide Lender �vith an� materzal xnforma��on} in
<br /> co�nection wi�h the �oan ev�den��d by the ��n�ract. I f this Secur��y Ins�rument is an�a leaseh��d, Barrower�ha11
<br /> comp����ith a�i�he provisions�f the Iease. If Borrawer acqu�res fee ti�ie to the Praper�y,the leasehQld and�he fee
<br /> ��tle�hal�not merge un�ess Lender agrees�o�he rnerger in wri�ing.
<br /> Fro�ecti�n of Lend�r's Righ�s in the Proper�y. If Barrower fa�ls �o perform �he c��enants and agreements
<br /> cantained in this Se�urity Instrum�nt, or�here is a�egal pr�ceeding that may significa.���y affect Lender's r�ghts �n
<br /> the Praperry �such as a proceed�ng in bankruptcy, prob�te, for c�nd�mna�ian �r fa�rf�iture or t� enf�rce laws or
<br /> r�gula�i�ns�, �hen Lend�r may d� an�i pay far whatever is necessary to pr�t�ct the value of the Property and
<br /> Lender's rights in�he Pr�per�y.Lender's actions ma�in�lude payin�any�sums secured by a lien which has priority
<br /> over this 5ecurity Instrument,app�aring in caurt,paying reas�nable at�orneys'fees and entering on the Proper�y to
<br /> �riake repairs.A�th�ugh Lend�r�nay�ake ac�ion ul�der this sec�ifln,L�nder daes no�ha�e to da so.
<br /> Any amounts disbursed by L�nder under th�� secti�n shall become add���anal debt of B�rrov�er secure�. by �h.is
<br /> Securit� Instrulnent. Uniess Borr�wer and Lender agree tv Qther �erms af payment, these arnaunts shal� bear
<br /> C 200�-2DI4 Canipliance Syster�is,�nc.�D6�-3595-2013L2.L0,1.895
<br /> Cons�irner Real Estate-Se�t�rity Inst���ment DL2b36 Pa�e 2 of 5 www.compliancesysterns.com
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