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<br /> Payrnernt�f Principal and In�erest; Dther�harg��.Borrawer sha��promp�ly pay when due th�pr�nc�pa�of and
<br /> interes��n�he deb�ovved under�he�ontrac�and la�e charges or any other fees and charg�s due under the Con�ract.
<br /> Applicabi� Law. As used in �his Se�urity Imstrumen�, th� �errn "Applicab�e Law" shail mean ai� contr���ing
<br /> applica�le federal, s�a�e and lncal statutes, regula�ions, ordinances and adminis�rat�v�rules and or�iers �tha�have
<br /> �he effect of law�as we��as ali app�i�able fnal,non-appea�able judic�a�opin�ons.
<br /> �harge�; Lien�. Borrow�r shall pay aIl ta.xes, assessments, cha�g�s, f�n�s and �mp�si�iar�s a�ribu�a�le �o th�
<br /> Propert��which may atta�n prio�rx�y over this S�cur�ty Ins�rum�n�, and�easehold payrnents or bround rents, �f any.
<br /> At the request�f Lender,Borrower sha�I promptiy furnish t�Lender receipts evidencin�the paymen�s.
<br /> Borro�v�r sha�1 pr�mptl}�dischar�e an�Iien whrch has pr�ority ��er�hi� Securi�.y Instrument unless�tirro�ver: �a�
<br /> agrees �n wri��ng �o fhe paymen� of�he obiiga�ion secured bw �he lien in a manner accep�able to Lender; �b�
<br /> cantests ir� good fai�h �he lien by, or d�fends agains� enfarcem�n� of�he Iien �n, legal proceedings �vhich in the
<br /> Lender'� op�nion ope�ate to pre��nt the enfarcem�nt �f�he lr�n; or �c} secur�s fr�m the h�lder af�he lien an
<br /> agreem�n� satisfa��ory�a Lender subordinating the ��en to thxs Secur�ty�ns�rument. �f Lender determines that any
<br /> part nf the Proper�y is subjec�to a lien which may at�ain prior�ty over this Security �ns�rumen�, Lender may give
<br /> B�rrow�r a n��xce iden��fying�he lien. Borrower shall sa�isfy the lien or take ane or m�re af�he a�tians set forth
<br /> above wxth�n �D days af the giving of na�ice.
<br /> Hazard or Proper�y Insurance.Borrower shal�keep �he impr��emen�s now exis�ing or her�after erected on the
<br /> Propert��insured agains��ass by f�e,hazards inc�uded�ithin the�err�"e��ended�ov�rage"and any o�her hazards,
<br /> including flafl�� or floodzng, for wh�ch Lender requires irLsuranc�. Thxs insurance shall be maxn�ained zn �he
<br /> amounts and fa�r the periads�ha�Lender re�uires. The�nsurance carr��r providing the insurance shal�be chosen by
<br /> Borrow�r subjec� �o Lender's appraval whrch shai� not he unreasoz�ably withheld. Yf Barrawer fails to maintain
<br /> ca�erag� described abave, Lender may, at Lender's op�ion, �btain �a�erage �o pr�tec� Lender's rights in the
<br /> Property rn a�cardance wi�h s�ction�i�led Pro�ec��on of Lender's R�ghts in the Praperty.
<br /> AI� in�urance pol�cies and renewals sha�I be acceptable to Lender and shal� include a standard martgage ��aus�.
<br /> L�nder shal�ha��the righ��o hald the pali�ies and renewals. If L�nder reau�res, Bflrr�vver shal�promp�ly�ive��
<br /> Lender�.1�rece�pts �f paid premiums and renewal no�ic�s. �n the e��nt of�ass,Borrower sha11 give prampt na�ice
<br /> to the insuran�e carr�er and Lender.Len��r may rna�e proof of loss xf not rn.ade prornptly by Barrow�r.
<br /> Un�ess l�ex�der and Borr�w�r �theru�ise agree in writing, insuran�� proceeds sha1� be applied �o resfioratian ar
<br /> repa�r of�he Property damaged, �f, in Lender's sole discre�ron, the res��rat�on or repair is ec�nomz�ally feasib�e
<br /> and Lender's securi�y i�nat lessened. If, in L�nd�r's s��� d�scr�t�an, �h� restaration ar repair is not ecozaorn�ca�Iy
<br /> feasible�r Lender's securi�y wouid be Iessened,the insurance proceeds shall be app�ied�a th�sums secured b��th�s
<br /> Securrty �nstru�nent, �hether or not �hen due, rNi�h any ex��s� paid to Barr�wer. �f Barrovver aband�ns �he
<br /> Propert�, or does not anstiver vtr��hin the numbe�r of days prescri�ed by App�icable La.w�s set£o�h in a no�i�e from
<br /> Lender�o Borrov�er�that the insuran�e carrier has offered�o settle a c�azm, then Lend�r may c�Il�ct�he in�urance
<br /> praceed5. L.ender may u�e �he prnceeds ta repair or restore�he Proper�y or t�pay sums secur�d by this Security
<br /> �nsn~ument,vvh�ther or n���hen due.The periad of�ime f�r Borrower�a answer as set forth in the n�t�ce will begin
<br /> �hen�he:n�tice is g�ven.
<br /> Unl�ss Lender and Barrower otherw�se agree�n��vr�ting, any appllcation af proceeds�o pr�ncipa�shall not ex�end
<br /> or postp�ane�he due da�e af�he payments �ue under�he Contract or change�he am�un�of the payrnen�s. Zf under
<br /> the sec��tin titled Acce��ra�ian; Rernedies,the Property is acquir�d by Lender, Barrower's righ�t�an�insurance
<br /> polieies and pro�eeds resuiting from darnage t� the Prflper�y pxior ta the acquisition sha�� pas� �o Lender �a the
<br /> e�tent o�~the sum�secured by this Security Ins�rument unmed�ate�y pr��r to the acquisitian.
<br /> Preservation, Main�enance and Pratec�ion of the Prvperty; Bflrrower's Loan App�ica�ion; Leaseha�ds.
<br /> l3�rrav��r sha��no�des�ray, damage ar impair the Pr�perty. allaw the Pr�perty to deteriorate, or com�mit waste on
<br /> �h�Praperty.Barrov�er shal�be�n defaui��f an�forfeiture a�tion or pr�c�eding,vt�he�h.er civil or�rxminal, is begun
<br /> that in Lender's good fai�h judgmen� c�uld resul� in f�rfezture of th� Prape�-ty or atherwise ma�erzally impair the
<br /> lien creat�d b�� this Se�uri�y Instrument or Lend�r's securi�y inter�st. Eorrower ma� cure �uch a defaul� and
<br /> re%ns�a�e, as pra�ided�n section tit�ed�3orrower's R�ght�o R��nsta�e, by causing the a�tion ar proCeedin��o be
<br /> dzsmis�ed�ith a rul�ng tha�,in Lend�r's good faith de�erminat�on,pre�Iudes forfeiture of the Borrov�er's in�erest in
<br /> �he Pro�erty or ather ma�eria� impa�rment of the ��en crea�ed by �his Security �nstrument or Lender's securi�y
<br /> interest.Barro�ver shall als�be in.default if Borrou�er�during the loan app�i�at�on process,gave ma�erially false or
<br /> znaccura�� inf�rmatinn ar statemezats to Lenc�er �ar failed �a pravide Lender wr�h any ma�erza� informa�zon� �n
<br /> cax�necti��n with the �oan ev�denced by the Contract. If this Secur�ty�ns�rument �s an a�easeha�c�, Borrower shall
<br /> campl�r�i�h a�I th�prov�sion�of�he��ase.�f B�rrower acquires fee title�o the Property,the�easehold and the fee
<br /> title shal:[no�merge un�ess Lender agre�s�o�he r��rger in v�ri�ing.
<br /> Protecti{nn of Lender's Righ�s in �h� Prvperty. If Borrower fa��s �o perform �he co�ena��s and agreemen�s
<br /> con�ain�d in�h.is Secur�ty In�trumen�,or there is a lega�pro�eeding tha�rnay signxf cantly affec�Lender's r�ghts in
<br /> �he Proper� �such as a proceeding �n bankruptcy, proba�e, far cond�rnnat�on or f�rfeztur� or to enforce �aws or
<br /> r�bu�a��ons}, then Lender may do and pay far v`rha�ever is necessary t� prfl��c� the value af th� Property and
<br /> Lender's rights in the Proper�y.Lender's ac��ons may znclude pay�ng any sums secured by a lien which has priar�t�r
<br /> a�er�his Securi�y�nstrurnen�,appearing in caur�,paying reasonabl�at�orneys'fees and�ntering on the Property�o
<br /> make repairs.Al�hough Lender may�ake ac�iori under thi�se�t�an,Le�.der do�s not ha�e to do so.
<br /> Any amounts disbursed by Lender under th�s sec�ian sha�I 1�ecome addi�ianal deb� af Barrav�er seGured by this
<br /> Securit� �nstrumen�. Un�ess Borrawer and Lender a�;ree ta o�her terms of payment, these amounts shall bear
<br /> '�20Q4-2�14 Compliance Systems,Inc.FD64-D 142-2D�3L2.10.i.895
<br /> Cnnsumer Reaa Estaee-Security Instru€ner�t DL2�36 Pa�e 2 of� www.compiiancesystems.com
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