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Z�15�511�
<br /> Faymen�of Prin�ipal and Interest; �ther�harg�s,Borrower shal�promp�ly pay when due the principal of and
<br /> interest an�he deb�ovued under the�ontract and la��charges or any o�her fees and charges due under the Con�ract.
<br /> Applicable �aw. As used in �his Security �nst�rum.�n�, �h� term "App�i�ab�e Law" sha�l mean aII c�n�r�liing
<br /> app�ica�le f�deral, state and 1oca1 statutes, regula�i�ns, flrdinanc�s and adminis�ratzve ru��s ax�d orders ��ha�have
<br /> the effec�of Iaw�as w�Il as ail app��cable final,nan-appea�ab�e jud�cial op�n�ons.
<br /> Charges; Liens. Barrower sha�l pay all taxes, a�s�ssm�nts, charges, fin�s and impositions at�r�butab�e �o the
<br /> Praper�y which ma�at�ain priorit�y orrer this Security �nstrument, and�easeha�d payments or ground ren�s, if any.
<br /> A�the request of L�nder,Borrawer shall promptly fiunish ta Lender receipts�v�denc�ng�he payments.
<br /> Barrower shall promptly discharge an�lie��v�h�ch has priari�y o�er this Se�uri�y�ns�rurnen�unless Barravver: �a}
<br /> agr�es in wr�ting �a the payment af the abligation secured by th� Iien �n a manner acceptable �o Lender; �b�
<br /> contests in gaod faith�h� Iien by, ar defend� aga�nst enfarc�ment of the lien in, Iega1 proceedings which in the
<br /> Lender's opin�on opera�� �o prevent the enforcement of the �ien; or �c� secures fram �he holder of�he Iren an
<br /> agreement sat�sfactary t�Lender subordinatxng the ��en�o�his Securi�y�ns�rument. �f Lender�eterrn�nes�hat any
<br /> part of�he Pr�perty is subje�t�� a l��n v�hich ma�attain priorit�o�er this Securi�y�nstrument, Lender ma�g�We
<br /> Borrower a no�ice �dentifying the �ien. Borrower shall sa�isfy the �ien or take one ar mare af the ac�i�ns set for�h
<br /> abov�within 1�day�of�he giving of noti�e.
<br /> Ha�ard or Property Insurance.Borrower shal�keep the irn�rovements now existing or hereafter�rected on the
<br /> Pr�per�y�nsured against�oss by f re,hazards included w�thi.n�he�erm"extended co�erage"and any oth�r hazar�s,
<br /> inciuding floads ox flooding, for �hich Lender requ�res insurance. This insuranc� sha�l �e ma�tained in the
<br /> amounts and for�he periods�ha�L�nder r�quires.The�nsurance carrier pro�iding the insurance shal�b�chosen b�
<br /> Borrower sub�ect to Lender's appr�va� wh�ch shal� not be unrea�ona�bly withheld, �f Borrower fai�s �o main�ain -
<br /> �overage described ab��e, Lender may, a� Lender's apt�an, ob�ain coverag� �o prfl�ect Lender's rights in �he
<br /> ProperCy in ac�ordan�e w��h sect�on titled Pro�e�tion of Lend�r's Rights in the Property.
<br /> A�� insuran�� p�l�cies and renev�al� shall be acceptab�e �a Lender and sha11 inc�ude a s�andard mor�gage clause.
<br /> Lend�r shal�have�he right to ho�d�he p�lici�s and ren�wals. If Len�.er requires, B�rravver shall prompt�y gi�re ta
<br /> Lender aIl rece�p�s af pa�d pr�mzums and r�newa�natices. In the e�ent of Iass,Borrar�er sha��gxve prornpt notice
<br /> to the insurance carr�er and L�nder.Lender may rnake proaf of l�ss if n��rnade prompt�y by Borrower.
<br /> Unless Lender and Borr�vver atherw�se agr�e �n wr�t�ng, insuranc� proceeds shall be appi�ed �o res�oration or
<br /> repa�r of fihe Prflperty damaged, if, in Lender's saie discreti�n, the restora�on ar r�pau- is econom�cally fea��b�e
<br /> and Lender's se�urity �s not less�n�d. If, �n Lender'� so�e discretion, �he res�oration or re�aa�r is not economica��y
<br /> feas�b�e or Lender's security would be�esser�ed,the imsurance proceeds shal�be appl�ed to th�sums secured�y�h�s
<br /> Security �nstrument, whether ar not then due, �vith any excess paid �� Borrower. If Borrower aband�ns the
<br /> PraperCy,or do�s no�answer withua the numb�r of days prescribed by Appli�a��e Lav�r as set forth in a no�ice from
<br /> Lender tio Barrower that�he insurance�arrier has offer�d ta set�le a clairn,then Lender may c��le�t the insurance
<br /> proceeds. Lender may use the praceeds to repa�r or restore�he Froperty or��pay sums se�ured by this Se�uri�y
<br /> �nstrumen�,whether or na��hen due. The per�od af time for Barrov�er to answer as set forth in the no�ic�wi��begin
<br /> v�hen the no�ice�s given.
<br /> Uniess Lender and Borrower o�herwise agree in�ri�ing, any applrca���n af proceeds to princ�pa�sha�l not extend
<br /> or pos�pane the due dat�of�he payments due under the C�ntr-ac�or change�he amount of the payments. �f under
<br /> �he secti�n titled Acceleratrvn; Rerned�es,the Prop�r�y is acqu�red by Lend�r, Borrav�er's right��any insurance
<br /> p�licies and �roceeds resu��ing fr�m damag� �o the Proper�y prior to the acquisi�tifln shal�pass �o Lender�ti�he
<br /> e�tent of�he sums se�ured b��his Secur��y�nstrurnent immediate�y priar to�he acquis��ion.
<br /> Preservation, Main�enan�e and Protec���n of the Property; Barrower'S Loan Applicati�n; Leas�holds.
<br /> Borrawer shall not destroy, damage or�mpair�h�Pr�per�,allow the Property to de�er�orate, or camrnit was�e on
<br /> the Praper�y.Bflrrawer sha�l be in defaul��f any forfei�ure ac�ian or proceeding,whether civil or�rxminal,is begun
<br /> �hat in Lender's good fai�h�udgrnen� could result �n farfer�ure af the Properry or o�hervvise materia�Iy xmpair the
<br /> �z�n created by �his Securz� Instrument or Lender's security �n��res�. Borrower may �ure su�h a defauXt and
<br /> reinstat�, as prov�ded in sect�Qn����ed Borrower's R�gh# ta Rexnsta�e, by causing the action or pro�eed�ng to be
<br /> dismissed wi�h a ruli.ng�hat, in Lender's g�ad faith�ieterrnina��an,prec�udes farfe�ture of the Barrawer's�nteres��n
<br /> �he Properfiy �� o�her material xmpairment of the Iien created by this Secu.r�ty �nstrum�n� or Lend�r's securx�y
<br /> interes�.Barrovver�ha�l also be in default zf B�rrou�er,dur�ng�he loan application process,ga�e mati�r�ally fa�s�or
<br /> inaccura�e infarma��on ar s�atements tfl L�nc�er �flr fai�ed �fl pro�ide Lender w�th any ma�erxa� informa�xan} in
<br /> connection vvith the laan e��denced b�the Contrac�. If th�s �ecurity�nstru.men�zs on a leasehold; Borrov�er sha�I
<br /> comply wi�h all th�provis�ons of�h��ease.�f Borro�er acqu�r�s fee tit�e��the Property,the l�aseho�d and the fee
<br /> �itle shal�not merge un�ess L�nder agrees�o the merger in vvri�ing.
<br /> Prote�tinn of Lender�s Righ�s �n the Pr�p�rty. If Barrovver fails �o perfarrn the c�venan�s and agr�emen�s
<br /> c�n�ained in�his Secur�ty�nstrumen�, �r there is a lega�pr�ceeding tha�may sign�f cant�y aff�ct Lender's r�ghts in
<br /> �he Property�such as a proc�eding �n ban�rup�cy, proba�e, far �ondemna�i�n ar forfeiture or to enforce �aws or
<br /> re�ulations�, �hen Len��r may do and pay far whatever i� necessary to pro�ect the �alue of�he Pr�per�y and
<br /> Lender's righ�s in�he Prflperty.Lender's acti�ns may inc�ude payi.ng any sums secur�d by a�ien vtirhich has priority
<br /> over�his Securit-��nstrument,appearing in cour�,pa�xng reasonab�e at�orneys'fees and en�ering on the Proper�y�a
<br /> make repa�rs.Although Lender may take actian under�his section,Lender does not have to do sa.
<br /> A.ny arnounts disbursed by Lender under thrs sec�ior� shall be�ame additiona� deb� of Eorrower �e�ur�d by this
<br /> 5ecuri�y Zn�trumen�. Un�ess Bflrrower and Lender agree to other �erms of pa�nent, these amaun�s shall bear
<br /> 9�a44-24I4 Compliance Systems,Inc.FD6Q-5ED6-2�13L2.1�.i.895
<br /> CQnsumer Real Estate-Security Instr�Fnent DL2�36 Pa�e 2 of 5 www.campliancesysterns.cam
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