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<br /> Pa�rnent vf Principal and Intere�t; Qther C�.arges,Borro,wer shall promptly pay when due the pr�ncipal of and
<br /> in�eres��n the deb�Qvved under the�ontra�t and Iate charges or any o�her fees and charges due under the�on�ract.
<br /> Applicabl� Law. As used in this Secur�ty Instrument, �he term "Appli�ab�� Law" sha1X n�ean aII �ontrol�ing
<br /> applicable federal, s�a�e and Iocal statu�es, regulations, ordinances and admin�s�ra�ive rules and orders �that ha�e
<br /> �he effect of�aw}as weil as aIl appli�abl�f na�,non-appea�ab�e jud�cia�flp�n�ons.
<br /> �harge�; Liens. Barrflvver sha�l pay a�i taxes, assessrn.ents, charges, fnes and �mpos�tiflns attrihu�ab�e to �he
<br /> Property which rnay attain prior�fi�a�er�his Se�ur�ty�nstrument, and�eas�hold paymen�s or ground ren�s, �f any.
<br /> A��he request af Lender,Borrower shal�prompt�y furnish to Lender recexpts evidenc�ng�he paymen�s.
<br /> I3orrawer shall promptly dis�harge an��ien vvhxch has prxarxty over th�s Securxty�ns�rumen�un��ss Borrow�r: �a�
<br /> agrees i� wr���ng �o the paym�n� of�h� o��igatian secur�d by the Iien in a mann�r ac�ep�able �o Lender; �b�
<br /> can�ests in good fai�h the ��en by, or defends agair�st enforc�ment of the l��n in, lega� pro��edings which in the
<br /> Lender's opinion operate to prevent the enforc�ment of th� l�en; or �c} s�cures from the ho�der of the �ien an
<br /> agreemen�sat�sfac�ory to Lender sub�rdina��ng the ���n ta th�s Secur��y�ns�rurnen�. �f Lender determines�hat any
<br /> part�f the Property is subj e�t to a Iien wh��h may a�tain priority over this Security Instrumen�, Lender ma�give .
<br /> Sorra�v�r a notice identifying the lien. BQrrower shall sa�isfy the �ien or take one ar more of the a�tions set forth
<br /> abave v��thin ��days of the g�vin�of no��ce.
<br /> �rIazard or Proper���Insurance. Borrower shall keep the improvernen�s now exis�ing or hereafter erec�e�d on the
<br /> Prop�r�y insured against loss by fue,hazards included within the t�rm"extend�d cavera��"and any other hazards,
<br /> includua� f�oods ar fla�ding, for which Lender requ�res insurance. This insurance sha�l b� main�ained in the
<br /> amounts and fflr th�periads that Lender requires.The insurance carr�er pr�v�ding the insurance�haii be cho��n by
<br /> Barrau��r subjec� to Lender's appro�al which shall no� be unreasonably wi�hheld. If�orrov�er fa��s �o main�ain
<br /> coverag� d�scribed abov�, Lender may, at Lend�r's optifln, vbtain co�rerage �o pro�e�� Le�der's righ�s in �he
<br /> Property in accordance w�th sec�i�n�xtl�d Pro�e�t�on of Lender's RightS in the Property.
<br /> A.l� �nsurance pa��c�es and renewa�s shall be acceptable to Lender and shall include a standard m�rtgage clau�e.
<br /> Lender�ha�l ha�e�he r�gh�tfl hol�l the policies and renewals. �f Lender requires,Borro�er shall promp�ly g�we�o
<br /> Lender�lI receip�s of paid prerniums and r�ne�va�n��ices. In the e�en�of Ioss,Borrow�r shall give prompt no��ce
<br /> to the in�uran�e carrier and Lender.L�nder may rnake proaf of Ioss if no�mad�pr�mptly by B�rrawer.
<br /> Unless Lender and Borrower otherv�ise agree in �vri�Yng, �nsuranc� pro�eeds sha�� be appli�d �o restoration or
<br /> repair of�he Praperty damaged, �f, in. Lender's sole d�scre�ion, �he res�oration ar r�pair is econQm�ca�ly feasible
<br /> and Len�er's secur�ty �s nat l�ssen�d. .�f, in Lender's sole discr��ion, the res�aratian or repair�s not economica��y
<br /> feasible�r Lender's s�curi�wauld be lessened,�he insurance proceeds sha�l be applied to�he sums secured by�h�s
<br /> Secur�ty �ns�rument, whe�her ar n�t then due, �vith any �xcess paid �o Sarrovver. If Bflrrovver abaxzdons the
<br /> Proper�,or does nat answer vv��hin th�num�er of days pr�scr�bed by Applicable Law a.s se�for�h in a natice firom
<br /> Lender t�n Borrov��er�hat the insurance carrier has offered�o settle a�laim,�hen Lend�r may collec�the insurance
<br /> proceed�. L�nd�r may use�h.e proceeds to repair or res�ore�he Property or ta pay sums s�cured by�his Security
<br /> Instrurnent,whether ar no��en due.The period of�ime for Borrawer�o answer a�se�f�r�i in the no��ce will b�gin
<br /> when th�notice is given.
<br /> Unless Le�.der and Borrawer athen�v�se a�ree in vvriting, any app��Ca��on of proceeds�o pr�ncipa�sha�i not�x�end
<br /> or pastpone the due date of the payments due u.�der the �ontract�r�hang��he amount of the paymen�s. �f under
<br /> the sect�o�titl�d A�celera��on; Remed�es, �he Froperry is acquired by Lender, Barr�wer's right to any insuran��
<br /> policies �.nd pra�eeds resul��ng from damage to the Proper�y pr�or t� �he acquisit�on sha��pass �o Lender to �he
<br /> extent of the sum.s secured by this Security Instrument irnmed�ately pr�or�o�h�acquisi�ian.
<br /> Preser�a�ian, Maintenance and Prate��ifln �f th� Property; B�rr�wer's Laan App�x�ation; Lea�eholds.
<br /> Borrawer shall not d�stroy,damage flr zmpair�he Prflperry, al��vv the Proper�y tn deteriorate, or comrnit waste on
<br /> �he Prop�rty.Borr�wer shal�be�n defau��if any forfei�u.r�action or pr�ceeding,whether civil or�rirn�na�,is begun
<br /> thafi �n Lender's good fa��h ju�gmen� cou�d resu�� in farfeiture of�he Prop�z�.y�r otherwise ma�er�ally impair the
<br /> �ien created by �his Securi�y �ns�rument or Lender's securit� in�erest. Borrower may cure such a default and
<br /> reinsta�e, as provid�d�n section titled Borrower's Righ�to Reinsta�e,by causin�the ac��on or pro�eeding to be
<br /> dxsmi�sed with a ruling�ha�,in L��der's g�od faxth deterrninatian,pre�ludes forfeiture of the Borr�wer's�n�eres�ua
<br /> the Property �r other material impairment af�he lien cr�ated by this Securi�y Instrumen� ar Lender's securit�
<br /> interest.�arrov�er shall a�so be�.n.default if Barro�ver,during the loan appl�ca�ion process,gave ma�er�ally false or
<br /> inaccura�e �nformation or statements t� Lend�r �or fa��ed t� pro��de Lender vvith any materia� xnforma�ian) in
<br /> C�nnec�ion with th� loan���der���d b��he �on�ra�t. If�his Security �nstrum�nt�s on a��asehold, Bnrrower shal�
<br /> c�mply vvith all the pro�is�ons of�he lease. �f Barrower acquires fee�itle�o the Praper�,the Ieaseho�d and�he fee
<br /> tit�e shall nat merge uniess i�ender agrees to the rnerg�r�n�riting.
<br /> Prot�c�ian of Lender's R.igh�s �n th� Proper�y. If Borrower fails ta perform #:he cQvenants and agreemen�s
<br /> con�ain.ed�n thzs Security Instrumen�, or�here is a legal pra�e�d�ng�hat may sign�ficant�y affec�Lender's rights�n
<br /> the Prop�r�y �such as a proceed�ng in bankrup�cy, proba�e, for �ondemna�ion �r forfex�ure �r to enforce IaWs �r
<br /> regulat�a�s�, �hen Lender m�.� do and pay for v�hatever is necessary to prote�� the �aiue of the Froperfiy and
<br /> Lender's r�ghts in th�Property.Lender's actions may�.nclude paying any sums secured b}�a lien which has priori�y
<br /> o�er this Security Znstrumen�,appear�ng in court,pay�ng reasonable a�torneys'fees and enterin�an the Proper�y�o
<br /> make repa�rs.A�though Lender rnay take actian uz�d�r this se��xon,Lender does na�ha�e�o do so.
<br /> Any amoun�s d�sbursed by Lender under this se�tion sha�l be�flme add��ional debt af Sorrawer secured by this
<br /> Se�urity Instrumen�. Unless Bflrrou�er and Lender agree �o other terms of payment, �hese amoun�s �hall bear
<br /> �Za44-Za�4 CvmpIiance Systems,In�.FD�D-8403-2fli3L�.Ifl_1.897
<br /> Cans�mer Real Estate-5ece�rity Ir�sfrument DL2036 Pa�e�af 5 tn�ww.cQmpliancesystems.corn
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