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��1 5�564�
<br /> Payment�f Pr�nc�pa�and In�erest; �ther�harges.Barrower shall prompt�y pay when due the pr�ncipa�of and
<br /> in�er�s�on�he deb�owed under th�Cantract and la�e�harges or any o�her fees and charg�s due und�r�he Contra�t.
<br /> Applicable Law. As used in �h�s Secur��y Instrument, the t�rm "Applicable Lav�r" sha�l mean aII con�ralling
<br /> applrcab�e federal, s�ate and loca� statu�es, regu�a�ions, ardinances and administra�ive rules and orders ��hafi ha�e
<br /> th�effec�af Iavv}a�we11 as�.Il appTicable f nal,non-appealab�e j u��c�al op�nions.
<br /> Charge�; Liens. Barrow�r shail pay a�� �axes, asses�ments, charges, f�nes and impos�tions attribufiable to �he
<br /> P�rapert}r v�hich may at�ain priority aver th�� Securi�y Instrument, and Ieasehn�d pa�ments or ground ren�s, if any.
<br /> At the request of Lender,Barrow�r sha��pramp��y furn�sh t�Lender r�ceip�s e�iden�ing th�paymex�ts.
<br /> Borrower shall prornptly discharge any lien v�hich ha�pri�rity over thr� Security In�trumen�unle�s B�rro�t�ver: �a}
<br /> agrees in v�rr���ng ta the payment of the ab�igation secured by �he lien in a manner a�cep�able to Len�er; �b}
<br /> contes�s �n gaod faith the Ii�n by, or defends agains� �nforcemen� af the Izen in, �egal proceedings whi�h in th�
<br /> Lender's opin�on aperate to pre��nt the enfor�ement of�he Xxen; or �c} s�cures from the hald�r of�he ��en an
<br /> a�reement sa�rsfa�tory ta L�nder subardina�ing�he ��en to this Security�nstrument. If Lender de��rm�nes�hat any
<br /> par�af�he Proper�y is subje�t to a lien vvhich may a�taxn prior�ty o�er�his 5ecuri�ty Ins�rumen�, Lender rnay g�v�
<br /> Borrovver a notice �den�ifyxng�he �ien. Borrow�r sha�l sa�i�sf�the lien or take one or mare of th� a�t�ons set for�h
<br /> above v�zthzn I�days af the giving af na�ice.
<br /> Hazard or Property Insurance.Borrower sha�1 keep the�mpro�rements now exis�ing or hereafter erected on the
<br /> Pr�perty insured against lass b�f re,ha2ards included w��hin the�erm"extend�d��v�rag�" and any other hazards,
<br /> in�lu��ng floods or flflocling, for which Lender requxres �nsurar�ce. This insu.rance shalX be ma�ntained in th�
<br /> a.mounts and f�r�he periads�hat Lender requires.The insurance carr�er pro��ding�he insurance shail�e ch�sen by
<br /> Borrower subject �o Lender's appr��ai which shall n�t be unreasonabiy wi�hhe�d. If Barrower fails �o maintain
<br /> coverage d�scribed ab��re, Lender may, at Lender's aption, ob�a�n coverage ta �ra��c� Lender's rights in �he
<br /> Propet�ty�a�cordanc�wi�h s�c��on titled Protect�an of Lender's Righ�s in the Property.
<br /> A1I insurance po��cies and renev�als shall be accep�able to Lender and sha�l in��ude a standard mortgage clause.
<br /> Lender shali have the r�gh�t�hold�h�pfllicies and renewa�s. �f Lend�r reyuu-es, Borrawer shall pramptly gi�e�o
<br /> Lender a��re�eip�s of paid p�-emiums and renewal notices. �n the ev�n�of Ioss, Barrower shail give promp�notzce
<br /> �o�he insurance carr�er and L.ender.Lender may make praof of�o�s if not made prampt�y b�Borrav�er.
<br /> Un�ess Lender and Barro�er other��se agree �n writing, insurance pro�eeds �ha�� be app�zed to res�orat�on or
<br /> repair of�he Proper�y damaged, if, in Lender's sole discreti�n, �he restoration ar repair �s economical�y feasible
<br /> and Lender's security is nat less�ned. If, �n Lender's so�e dxscr��ion, the res�ora�ian or repair is nat econ�mically
<br /> feasibl��r L�nder's s�curity sav�uld be�essened,the insurance proceeds sha��be appli�d�o�he sums secu�r�d by th�s
<br /> Securi�y �nstrumen�, whe�her ar nat then due, v�i�h any excess paid ta Borrovver. �f Borr��er aban�tons the
<br /> Pr�pert�,ar�oes not answer w�thin the number of da�s prescribed by Appl�cable Lavv as�e�for�h�n a notice from
<br /> Lender to Borra�rer that�he insurance carri�r has offered to se�tle a claim,then Lender rnay co�lect the �rzsurance
<br /> p�rac�eds. Lender may use t]�e proc�eds ta repair ar res�ore�he Proper�y �r to pay surns secured by�his Security
<br /> �nstrumen�,whe�her or not then due.The perxad�f tim�far Sorr�wer to ansv�er as s�t forth in�he n��ic�vv�ll begua
<br /> when the n��ice is given.
<br /> Un�ess Lender and Borrower otherv�rise agre� in wr�ting, any app�xcatior�of pr�ceeds to principal shall no�e�tend
<br /> �r postpone the due da�e of the payments due under the �on�rac�ar�hange the arnount of the payments. If u�.der
<br /> �he sect�on t����d Acceleration; Remedies,�he Proper�y is acquired by Lender,Barrov�er's right to any in�uranc�
<br /> poiicies and proceed� result�ng from damag� to �the Pro�er�y prior to the a�quisiti�n shall pass �� Lender�a the
<br /> exten�of the sums secured by this Security�nstrument immediately prior to the a�qu�sition.
<br /> Preserva�ion, Maintenanc� and Pro�ec�ion �f the Proper�y; Borrawer's Loan Appl�ca��on; Leas�hvids.
<br /> Bonrovver sha�l not d�s�ray, damabe or impair�he Property, a�Iaw�he Praperty to de�eriorate, or commi�vvast�on
<br /> the Pro�erty.F3orrovver shall be in defaul�if any forfe�ture ac�ion or praceeding,�he�her�i�r��or crim�.al,is begu�a
<br /> tha� in Lender's good faith judgment could resul� in forfeiture of th� Property or o�hervvise materzal�y irnpair the
<br /> Iien created by thi� S�curity Instrument or Lender's security �nterest. Borrower may cure su�h a default and
<br /> reinsta�e, as pro�ided�n se�tion tit�ed Barrower's Righ��a R�ins�ate, by causing the actian�r proceeding�o be
<br /> disrnissed wr�h a ru�u�.g that,in Lender's gaod fai�h de�ermination,precludes forfe�ture of�he Borrower's�nterest�n
<br /> the Pr�perty or ather ma�erial i�mpairment of�he lxen �rea�ed by th�s Securi�ty Znstrument or Lender's security
<br /> �nterest.Borrovver shall also he zn default�f Borrower,during the�aan appl�cat�on process,gav�ma�eria��y false ar
<br /> ina�curate informatian or s�a�ernents tn Lender �or failed �o prov�de Lender v�ith any material informa�ian� in
<br /> connec�ion with the loan evzdenc�d by�he Cflntra�t. If thxs SeGurz�y Ins�rument is on a leasehold,Borrower shall
<br /> comply with.al��he prov�sions�f the lease. �f Barrower acquires fee title ta the Froper�y,�h�leaseh�ld and�he fee
<br /> tit��shall no�rnerge unless L�nder agrees ta the merger�n writ�ng.
<br /> Pro�ection of Lender's Rights in the Prnperty. �f Borra�ver fails to perform �th� co�enants and agr�em�nts
<br /> c�ntained in this Secur��y�nstrurnen�t, ar there is a�egal proceed�.ng that may signxf�cantly affe�t Lender's rights in
<br /> �he Praperty �such as a proceedi.ng in bazal.cruptcy, probate, f�r conden�€at�an or farfeiture ar�a enforce �aw� or
<br /> regu�ations}, then Lender ma� do and pay far whatever is necessary to prat�ct the �alue �f�he Property and
<br /> L�nder's righ�s in�he Property.Lender's ac��ons may include paying any sums secured by a��en which has priar�ty
<br /> over th�s 5ecurz�y Instrument,appea.ring in caur�,pay�ng reasonable a�torn�ys'fe�s and ent�ring on�he Prop�rty�o
<br /> make repa�rs.Alth�ugh Lender may�ake action und�r this sectior�,L�nder daes nfl�ha��tQ do s�,
<br /> Any a.mflun�s disbursed by Lender under this sec��on shall becorne addi��onal deb� of Borrawer secured by �hxs
<br /> Secur�ty Ins�rumen�. Unless Borr�v5rer and Lender agree ta other �erms �f payment, �hese amounts sha�1 bear
<br /> C4�2Q44-2014 Compliance Syster�s,Tn�.FDfQ-,4I]I38-20I3L2.1D.1.895
<br /> Consumer Rea.l Estate-Security In;trurnecit DL2�36 Pa�e�vf 5 ww��_complian�esystems.com
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