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Z�15�537�
<br /> Paymeri��f Principa�and Interest; ��her�ha�rges.BorroWer sha11 pr�mp��y pay wh�n due the princ�pa�of and
<br /> �nteres���n�he debt owed under the Con�ract and late�harges or any o�her fees and�harges due under�he Contract.
<br /> App��cable Law. As used in this Security �nstrumen�, the �erm '�Appl�cable Lavv" �ha11 mean al� contralling
<br /> appl�cat�le federal, state and lo�al statutes, regulations, ordinan�es a.nd administrative rules and or��rs �tha�hav�
<br /> the effect of Iaw�as v�ell as al�applicable fzna�,nonWappealab�e jud�cia�op�n�ons.
<br /> Charges; Lien�. Barrovver shall pay all �axes, assessments, charges, fnes and impositions attribu�ab�e �v �he
<br /> Propert�r which may at�ai.n pr�ori�y o�er�his Se�ur��y�nstrument, and leasehold payments ar grflund rents, if any.
<br /> At the r��quest of Lend�r,Borrower shal�prompt�y furn�sh ta L�nd�r r�ceYp�s eviden�ing the paymen�s.
<br /> Borro�v�r shall promp�Iy discha�rge any l�en wh�ch has pr�ori�y flver�h�s 5ecur��y�ns�rument unless Barrower: �a}
<br /> agrees in �riting �o �he payrnent of�he obligat�an secured by �h� l��n in a mann�r ac�eptable �o Lender; �b}
<br /> contests in goad faith th� i�en by, a� defends against enforcemen� of the ��en i.n, �e�a� pro�eedings wh�ch in �he
<br /> Lender'�, �pinian opera�e to pre�en� the enfor�emen� �f�he Iien; �r �c� se�ures from the holder af�he lien an
<br /> agreem�nt sa�isfact�ry�o Lender subord�nat�ng the Iien to thzs Se�uri�y�nstrument. �f Lender de�ermznes tha�any
<br /> par�of�he Prape�-fiy �s sub��ct to a lien vvhich ma�at�ain priority a�er�his Securi���nstrurnen�, Lender may give
<br /> Borrow�r a n�tiice �den��fying the lien. Barro�ver sha�� satisfy�he �ien flr�ake one or more of the ac�ions set for�h
<br /> abo�r�v��ith�n �.�days of the giving of na�ice.
<br /> Hazard or Property Insurance.Borrav�er shall k�ep the xmpra�ements now exist�ng ar hereafter erected on�he
<br /> Proper��insured agarns�Ioss by f�re;hazards�ncluded w�thin the te�m"extend�d co�erage"and any�ther hazards,
<br /> ir�c�uding floods or floading, for which Lender requires insurance, This insurance shall be main�ained in �he
<br /> amount�and for th�p�riods that Lender re�uxres.The�nsuran�e carrier prov�ding the�nsurance shall be�hosen by
<br /> Borrow��r subj e��to Lender's appro�val which sh��� not be unreasona�ly withheld. �f Borrower fails �o rna�n�ain
<br /> c�verag+� described above, Lender may, a� Lender's optifln, abtain ��verage ta protect Lender's r�gh�s �rz �he
<br /> P�oper��in ac��rdance wi�h section ti���d Prote�tion of Lender's R�gh�s in�he Pr�perty.
<br /> All xnsuran�e policies and renewals sha�� be accep�a�Ie to Lender and shall �nclude a standard mor�gage clause.
<br /> Lender Shall ha�e the righ�to ho�d the policies and r�newa�s. �f Lender re�uires,Borrower shall�rvmptly gi�e�o
<br /> Lender aI�r�ceip�s of pa�d p�rerniums and renewal not�ces. �n th�event of loss, B�rrower shal�g�ve prompt natice
<br /> to the rnsuran�e carr�er and Lender,Lender may mal�e pro�f of loss if not made�romptly b�Borrovver.
<br /> Un�ess ]Jender and Borrawer atherwxse agree �x� writing, insurance proceeds shall be applied to res�orat�on or
<br /> repair o:f the Proper�y damaged, �f, in Lender's s��e dxscr��ian, the res�aration or repa�r �s economica��y feasib�e
<br /> and Lender's se�ur�ty �s na� ��ssened. �f, �n Lend��'s sole d�scr�tion, the res�ora�ian ar repair rs no� econom�ca��y
<br /> feasible flr Lend�r's securz�y wflu�d be lessened,the�nsuran�e proceeds shal�be appl�ed�o the sums secured by th�s
<br /> Secur�ty �nstrumen�, wheth�r �r nat then due, �ri�h any excess paid to Borrower. �f B�rr�Wer abandons th�
<br /> Froperty, �r d�es not answer vvi�hi�����.u�x�,ber��days pres�r�bed b�Appl�cab�e Law as set for�h ir�a not�ce fram
<br /> Len�er#:o Sarrower that the �nsurance carrier has affe�-ed to se�tle a claim,then Lender may co�lect the insurance
<br /> proceed�. Lender may use the proceeds to repair�r r�s�ore the Prap�rty flr to pay sums secured by this Secur�ty
<br /> Instrument,whe�her or not then du�.The perxod�f�ime for Borra�er to answer as set for�h in the notice vvil�beg�n
<br /> when th�na�ice�s���ren.
<br /> CJnless Lender and B�rrovver otherwise agr�e in wri�xng, any applica�ion flf praceeds to principal shal�not extend
<br /> or postpone�he du� da�e of th�pa�ments due under th� Con�ract or change the arnount of the payments. Zf under
<br /> �he sec�ian titled Acceteratian; Remedies, the Praperty is acquired by Lender, Borr�v�er's righ��� any insurance
<br /> pa�icies and praceeds r�sulting frorn damage to the Propert�y prior t��he acqu�si��on shall pass �o Lender�o �the
<br /> ��ten�o���he surns s�cured by this Security�nst�rum�n��.nmed�ate�y prior�o�he acqu�sx�ion.
<br /> Preser��ation, Maintenance and Pro�eet�on of �he Pr�perty; �orrovv�r's Loan Applicativr�; LeaSeholds.
<br /> B�rrovver shall nv�destroy, damage�r irnpair�he Froperty, a��o�v the Pr�per���deteri�ra�e, or cornmi�vvaste on
<br /> the Proper�y.Barrawer shall be�n default if an�forfe��ure actian or proceeding,whether civil or�riminal,is b�gun
<br /> that in L�ender's gaod fa�th judgm�nt cauld result in forfeiture of the Prop�r�y ❑r otherv��ise materially impa�r��e
<br /> ��en created by this Security �nstrument or Lender's s�curity �n�eres�. Barrower may cure such a defaul� and
<br /> re�ta�tate, as pro�ided in section t�tled Barrow�r's Righ�to Re�nstate, by causing�he ac�ion or proceeding�o be
<br /> dismissed vv�th a ruli.ng tha�,xn Lender`s good fa��h determination,prec�ud�s forfeiture of the Barr�wer's znteres�i�
<br /> the Pr���e�-�y ar other materia� impairmen� af�he ��en cr�ated �y �his Securi�y �nstrurnent or Lende�-'s se�urrty
<br /> in�eres�.Borrow�r sha�I also be in default if Borrawer,dur�ng the�aan a�pTicat�on pro�ess,gave material�y false or
<br /> �na�cura�e infarmation or statemen�s �o Lender �or fai�ed to prfl�ide Lender w��h any material �nfarmat�on} in
<br /> cflnnec�ion vvi�h the laan evidenced b�the ��ntra.c�. If�his Secur�ty Inst�ment is on a leasehold, Borrawer shall
<br /> Gomp�y�vith aII�he provisians of the lease. �f Borrawer acquires fee��t�e to the PrQperty,the leasehold and�he f�e
<br /> �itle sha�l nat m.erbe unless Lender agrees ta the rn�rger�n�rit�n�.
<br /> Pro�ection of Lender�s Rights �n the Propert�, �f Borrower fails to perform the covenants and agreements
<br /> con�ainer��n�his Securi��nstrument, ar there is a legal proceeding�ha�ma�significan�i}r affe�t Lender's rights in
<br /> �he�'roperty �su�h as a proCeed�ng in ban�rup�cy, probate; for cori�emna�ion �r farfeiture ar�Q enfarce Iaws ar
<br /> regula�rons), then Lender ma� dfl and pay for vvhateWer is necessary t� prQtect the �a�ue of�h� Property an�
<br /> Lender's righ�s in�he Property.Lender's actions may include paying any surns secured by a Iie�wh��h has priority
<br /> �ver this S�curity Instrum�nt,appearing in court,pay�ng reas�nab�e�.�torneys'fees and en�er�ng on�he Proper�y t�
<br /> make repairs.Although Lend�r may�ake action under this sec�ion,Lender does not have�a do so.
<br /> Any amounts d�s�ursed by Lender under this section shall becorn� addi�iona� d�bt af Borrower secured b� this
<br /> Secur�ty Instrument. Unless Borro��r and Lender agree to other terms af payment, thes� amounts shall bear
<br /> �2004-2�I4 I�ompFiance Systerns,Tn�.FDbQ-4477-2�I3L2.la.i.895
<br /> CQns�mer ReaI Estate-5ecurity Instrt�Fnent DL2436 Page 2 of 5 wwtiv.camplian��systems.com
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