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Z�15�51�6
<br /> Paymen�of Principal and In�erest; 4ther Charges.�orrawer sha�I prompt��pa�wh�n due the prin�ipa�of and
<br /> interest fln�he deb�awed under the C�ntrac�and�a��charges ar any��her f�es and charges due under the�ontract.
<br /> � Applicab�e Law. As used in �his Secur�ty Znstrument, �he �e�m "Appl�cable Law" sha�� mean �.�� controt�ing
<br /> app�r�able federa�, sta�e and I�cal statute�, r�gu�ations, ordinan�es and adminis�ra��ve rute� and orders ��hat have
<br /> the�ffec�of iaw}as wel�as a�l applicabl�fna�,non-appealab���udicial opininn�.
<br /> ChargQ�; Lzens. Borrov�r�r shal� pay a�I taxes, assessments, charg�s, f�.nes and impas��ions attributable to the
<br /> Proper�y which may a�ta.�n prxorit�over this Se�urity��.strumen�, and leas�hold paymen�s ar ground rents, if any.
<br /> At the reques�of Lender,Borrawer shall promptly furr�ish to Lender receipts evidenc�ng th�payments.
<br /> Borrnw�r shal�promptly�ischa�ge any Ixen�vhieh has prior�ty o��r�his Security instrument un�ess Borrower: �a}
<br /> agrees in writ�ng to �he paym�n� of the Q�Iiga��on secured �y the l�en �n a manner acceptab�e �o Lender; �b�
<br /> con�ests in goad faith the Iien by, or defends aga�ns� enfflrcement af the lien in, �ega�proceedings which �n the
<br /> Lender's apinion opera�e to preven� �he �nfar�ementi of th� 1ien; or �c� secures frorn the holder of�he Iren an
<br /> agreemen�sa�isfa�tory to Lend�r subordina�ing�he li�n to this Security Instrument. If Lender determ�nes�ha� any
<br /> part❑f the Proper�y is subjec��� a�ien which may at�ain prrority o��r�his Security�nstrumen�, Lender rna�gi.�e
<br /> Borrow�r a no��ce id�ntif�ing the �ien. Borrower �hal� sat�sfy�he lien or�ake ane�r more af the act�ans se�far�h
<br /> a�ov�w�thin 10 days of the g�v�ng of notice.
<br /> Hazard or Praperty Insuranc�. Borrower sha�l�eep�he impr�Wement�n��exis�ing�r hereafter erec�ed on the
<br /> Praper�y insured against�oss by fre,ha�ards in�luded v�rithYn the terrn"extended c���rage" and any oth�r hazards,
<br /> in�lud�ng flaods ar floodzng, f�r which Lender requ�res znsurance. This insurance sha�� be maintained in the
<br /> amoun�s and for the periods that Lender requires. The insurance carr��r prov�ding�he insurance shall be�hasen by
<br /> Borrower sub�ec�to Lender's approval u�hich shall no� be unreason�.bly uli�hh�id. If Barrower fails to mainta�n
<br /> cflverage described above, Lend�r ma��, at Lender's �ptian, ob�a�n cavera�e to protec� Lender's rights �n �he
<br /> Property in accardance vvxth se�tifln�itled Protection of Lender's Rights in the Proper�y.
<br /> A�� insurance policies and �renewals shal� b� accep�able �o Lend�r and shall in�Xude a standard mor�gage clause.
<br /> Lender shall ha�e the righ�to ho�d the po�ic�es and renewa�s. rf Lender require�,�34rraWer sha�l prampt�y g�ve to
<br /> Lender all rec��pts of paid premi�a.ms and renev�al no�i�es. In the event of�oss,Barrower sha��g��re pramp�notice
<br /> �a the in�urance carrier and L,ender.Lender may make proaf af loss if not made promptly by Barrower.
<br /> Unless Lender and Borrower o�herwise agree in �riting, �nsurance praceeds sha�l be applied to res�ora�ion or
<br /> repa�r of�h.e Property dama�ed, if, in Lender's so�e discre�i�n, the res�ora��an or repa�x is econamzcally feas�b�e
<br /> and Lender's secur�ty xs no� lessened. �f, in Lender's sole discre�Xan, �h�res��rati�n or repair is not ecanomically
<br /> feasib�e or Lend�r's security would be lessened,the insurance prQceeds shall be applied�o th�sums secur�d by this
<br /> Security �nstrument, whe�her or nvt �hen due, with any �xcess paid �� Borrow�r. If Borrower abandons �he
<br /> Property,or does no�ans�w�r within�he number of days prescribed by Appizcab�e Lavv as set for�h zn a notice from
<br /> Lender fo Barravver�ha�the znsurance carrier has affered ta set�Ie a c�a�m,then Lender may ca�Iec�the �nsurance
<br /> pro�eeds. Lender may use the pr�ceeds�o repa�r�r restore the Property �r to pay sums secured by th�s Se�urz�y
<br /> Instrume�t,whe�har�r not then due.The perzod af t�me far Borrov�er�a answer as s��f�r�.h�n the natice v���l begin
<br /> when the no��ce is g��en.
<br /> Un�ess Lender and Sorrov�rer o�hervt�ise agre�xn v�7iting, any applica�ion nf praceeds to pr�nc�pal shall no�extend
<br /> or postpone the du� date of�he paym�n�s due under the �ontrac�or change the amoun�af�he payments. �f under
<br /> the sect�on�i�led Acceleration; Remedxes, the Praper�y is acquYred�y Lender, Borrower'�r�ght�o an�insurance
<br /> policies and proce�ds resulting from damage to �he Proper�y prior to th� acquisition sha�I pass �a Lender�o the
<br /> �xten�of�he sums secured�y this S�curity�nstrument immed�atel��pr�or to the acquis��i�n.
<br /> Preser���ion, Ma�n�enanc� and Protection of �hQ Praperty; Borrower�s Loan .�ppli�ation; Leaseho�ds.
<br /> Barrower sha�I n��des�roy, dama��or impair the�roperty,allaw the Property��deteriora��, ar commit vwas�e on
<br /> �he Propert�y.Borrov��r shal�be in defaul�zf any f�rf�iture ac�ion ar pr�ceed�ng,whe�her c�v�l or cr�minal,is begun
<br /> tha� �n L�nder's good fai�h ju�gment cou�d resu�t �n forfeiture of�he Propert�ar otherv�ise materxal�y �mpair th�
<br /> �i�n �rea��d by this Security �nstrument or Lender's secur�� in�ere�st. Borr���er ma� cure �uch a defau�t and
<br /> reinstat�, as pro�ided�n section����ed Borrower's Right ta Reinstate, �y causing�he ac�ion or pro�eeding tn��
<br /> disrnissed vvith a ruling that,in L�nder's g��d fai�h de�erm�nation,preclud�s forfeiture af�he Borrawer's zn�erest�n
<br /> �he Prop�rxy ar flther materia� Ym.pairrnent of the l�en crea�ed by �h�s Se�urity° Instrument or Lender's securi�y
<br /> interes�.�3arrower sha11 als�be in default�f Barrower,during�he loan applica��on�ro�ess,gave ma�erial�y fa�se ar
<br /> �naccura�� informat�on or staternents tfl Lender �or fa�led to pro�ide Lender v�ith any ma��rial informat�on� in
<br /> eonnectic�n with�he loan evidenced by th� Contract. If this Secur�ty�nstrument�s on a leaseho�d, Borrower sha�i
<br /> comply v�rY�h aI1 the pro�isions of�he Ieas�. �f Borrower a�quxres fee�i�le to the Pr�per�y,�he l�aseha�d and�he fee
<br /> tit�e sha�l not merge unless Lender agrees�a#he merger in writ�ng.
<br /> Prafe��i�n of Lender�s Righ�s �n �he Praperty. If Borrfl�er fails �o perfflrm the co�erzants and agreements
<br /> �on�ained.in�h�s Secur�t�Ynstrument, vr there is a�egal proceedzng�hat may signif cant�y affec�Lender'�rights�n
<br /> �h� P�op��-fiy �such as a proc�edin� in bankruptcy, proba�e, fnr�ondemnation or forfeiture or ta enfvrce Iaws ar
<br /> regu�ations}, th�n Lender ma� do and pay far whatever is ne�essary to protect the value of the Propezrty an�
<br /> Lender's i-ights in the Properfiy.Lender's ac�ions may include pay�r�g any sums secur�d by a�ien vvhich has priori�
<br /> over this Secur�ty Instrument,appear�ng in eourt,paying reas�nable at�orr��ys'fees and ent�ring on the Proper�y t�
<br /> make repairs.Althaugh Lender may�al�e action under�h�s section,Len�er dties no�have�o do so.
<br /> An� amo�an�s disbursed by Lender und�r this se�tian sha�l become at�di�ianai deh� of Borrower secured by th�s
<br /> Se�uri�y �ns�trumen�. Un�ess Borro�ver an� Lender agree to o�her terms of payment, �hese amounts shal� bear
<br /> C��0�4-2C�14 Compliance 5ystems,Iz�c.FD64-253fl-2d i 3L2.1 Q.1.8�5
<br /> Cons�mer Real�state-Security Instrument DLZ436 Page 2 of 5 www.c�rr3nIiancesys#ems.eom
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