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��15�578�
<br /> Payrnen�flf Prin��pa�and Interest; a�her�harges.Barrower shall promp�:ly pay tivhen due the principal of and
<br /> in�erest an�he debt�wed under�he C�n�ract and�ate charges ar any other fee,�and charge�due under the�ont�act.
<br /> Applicab�e Law. As used in �his 5ecuri�y Ins�rum�nt, the terrn "Applica���e Law" shali mean alI controlling
<br /> applicable federal, state and�ocal statutes, regulatinns, �rdina�.ces and admi:r�is�rative ru�es a�1d orders �tha1,have
<br /> the effec�of�aw�as well as a�l app�icable f nal,nan-appeala�le jud�c�al opinitfr�s.
<br /> Charges; Liens. Barr�uT�r sha�l pay aIl taxes, assessments, charges, fi.n�s and �mp�si�ions attributab�e ��o the
<br /> Praper�ty v�hich may at�axn prior�ty over this Securi�y Instrument, and�easeht�ld payrnents or ground rents, if any.
<br /> At the request of Lender,B�rro�rer shal�promptiy furnish�o Lender receip�s��videnc�ng th.e paymen�s.
<br /> B�rrativer�ha�l praxnpt�y d�scharge any��en which has priari�y over�th.is Sec�zrity�nstrument unle�s B�rro�wc�r: �a}
<br /> agrees in urri�ing �o �he payment of�he obliga�ion secured by the �ien �n a manner a�ceptab�e �� Le�.der; �b}
<br /> contests in good faith the �ien by, or d�fends against enf�rcernent of the Iien in, lega� proceed�ngs which in th�
<br /> Lender's opinian operate to prevent the enfareernen� af the lien; or �c} se�,ures from the ha�der af the lien an
<br /> agreem�n�sa�isfac�ory to Lender�ubordina�ing the Iien ta�his �ecurity Instr+�ment. If Lender determ�nes th�t any
<br /> pa�-t�f�he Propert� �s subj ec�t� a I�en which may a��a�n pr�ority over this S ecurity�nstrument, Lender ma�give
<br /> Barro�ver a not�ce �dentifying th�lien. Barrower shall satisfy the Iien�r tai�e:ane or mo�-� of�he ac�ons se�f�rth
<br /> above within 1�days�f�he�iving of no�ice.
<br /> Ha�ard or Prvper�y Insurance.B��-rativer shall keep �he impr�vernents notiv exist�ng or hereafter er�cted�n th�
<br /> Property insured against Ioss�y f re,ha�ards includ�d vvithin�he term"e��er�cied c�v�rage" and an�a�her ha:zards,
<br /> inclu�iing floods or flooding, f�r which Lender requires insurance. This i��suran�e sha11 be ma�ntained in �he .
<br /> amounts and for the p�riads�ha�Lender requires.The insurance carr�er provi{�ing�h�insurance shal�be ch��en by �
<br /> Barr��rer subj e�t �a Lender's approval vvhich shall nat he unreasonab�y w�thhe�d. If Borr�wer fails �o maintain
<br /> coverage des�ribed abave, Lender �nay, a� Lender's option, obtain coverage to protect Lender's righ�s in the
<br /> Froperty in a��ardance wi�h sec�ion t�tled Pr4tecti�n of Lender's Righ�s in�he Proper�y.
<br /> A�1 insurance palicies and renev�rals sha11 be acceptab�e �to Lender and sha�I rnc�ude a standard mortgag� clause.
<br /> Lender sha1�ha�ve�he r�ght to hold�he policies and renewa�s. �f L�nder re�u�res,Borrawer shall promptXy give�o
<br /> Lender a�l receipts of paid premiums and rene�t�al notices, �n the ev�nt of 1�ss,Borrovver shall give prompt�o�ice
<br /> ta�he insurance carrier and Lender.Lender may rnai�e prQ�f�f loss if no�macLe promptl�by Borrovver.
<br /> Unless Lender and Borrow�r otherwis� agree lt7 W�l�ing, insurance praceet�s shall �e applied ta re�t��at�.on �r
<br /> repa�r af�he Pr�perty �arnaged, if, zn Lender's sale discretion, �he res�ora�ic�n or r�pair is economica��y fe�sible
<br /> and Len�.ex-'s security is no�lessened. If, in Lender's sole d�scre�i�n, �he re�t��rati�n or repair is not e�or��rn�ica�l�r
<br /> feas�b�e or Lender's secur�ty would be�es�ened,the insurance prflce�ds sha�l��e applied t��he sums secured�y f.h.is
<br /> Securi�y ���strument, whe�ther ar not th�n due, with any excess paid to B arrawer, Tf B�rrovver abandor�s the
<br /> Proper�r,�r does not ansvv�r v�i�axn the number�f days prescribed by Applic��ble Lavv as se�f�rth in a no�ic��`r�m
<br /> Lender ta Borrower fihat�he insurance carr�er has �ffered�o se�tl� a c�aim, ��{en Lender may�ol�ect the insuran�e
<br /> proce�ds. Lender may use the pro�eeds ta repa�r or res��re�he Property or t:�pay surns secured b��his Securi�
<br /> �nstrument,whether or not then due.The periad�f�ime f�r SorroWer ta ans�r+Jr as set for�h�n the no��ce�v�l��begin
<br /> when�he notice is gi�en.
<br /> U�.ess Lender ax�d Borrower otherwise agree i�l�vriting, any appli�at��n af p�oceeds to prin��pa�sha�l na�ex�end
<br /> �r pos�pone the.due date af the payments due under�he Con�ract or change�he amoun�of�he payrnents. If�under
<br /> �he secti�n�it�ed A�celerat��n; Rernedie�,the Property�s acquired by Lend+�r, Bflrroweris�-ight�o any insurance
<br /> pol�c�es and praceeds resultir�g from damage to th� Propez-�y prinr to �he ac�quisi�ion shal� pa�s to Ler�d�r �:a the
<br /> e��ent af�he surns secured by this Securi�y�nstrument imrned�a�ely prior�o thc�acquisi�i�n.
<br /> Pre�ervativn, Maa�ntenance and PrQtect��n of �he Praperty; Borrower�'s Loan App��cat�Qn; Lea�e��olds.
<br /> Barrovver sha�l nat destray, damage ar impair�he Prope�ty, a�low�he Property�o de�eriorate, or commi�wa�yte on
<br /> the 1'rvperty.Borro�ver shall Ue in defau�t if azay forfeiture ac�ian�r pr�c�edin�,whe�her c�vil or crimina�,is begun
<br /> tha�in Lender's gafld fai�h judgment could resul�in forfeiture of the Praperty or��herwise materrally impai�th�
<br /> �ien �reated by thi� 5ecurity Instrument ar Lender's security interes�. Bor��ower may cure such a defau]� �.nd
<br /> re�nstate, as prov�ded�n sec�zvn ti�led I�orrow�r's Rfght to Reinstate, by causing�he actian or proGeeding ta be
<br /> dism�ssed v�r�th a ruiing that,in Lend�r'�ga�d faith determina�ion,pr�cludes ft3rfei�ure of�he Barro�ver's in�erest in
<br /> the Pr�per�y or other ma�erial impa�rmen� of the lien created b� this S�curity �ns�rument or Lender's se�urity
<br /> in�eres�.Bflrrower sha�l als❑be�n defau�t if Borr�wer,during�he loan app��ca�tion pr�cess,gave ma�erially fa�se or
<br /> ina�curate �nformation �r statements �o L�nder �or fa��e�. to prflvide Lender wi�h any rnateria� informati�n� in
<br /> connection,t�ri�h the loan ev��enced b��e Contrac�. If�h�s S�cur�ty Ins�rum�.nt is a�a Ieaseh�Id,Borrov�ver �hal�
<br /> comply�ith a�1 the provisions of the�ease.If Borr�urer ac�uires fee title�o the Proper�y,the Ieaseho�d and��e fee
<br /> ti�e sha�l no�merge unles�Lender agrees�o the�n�rger in wri�ing,
<br /> Protectinn of Lender's Rights �in the Fraperty, �f Bflrrower fa�ls to peri:orm the covenants and agr�ements
<br /> contained in this 5ecurit�r�nstrumen�,or�here zs a Iegal praceeding�haG may.�ignificantly affect Lender's rigl�ts zn
<br /> �h� Property �such as a proceedi�ng in bankruptcy, pr�ba��, for condemnatinti or forfei�ure or�o cnfa�rce la��rs ar
<br /> regu�ations), then Lender may d❑ and pa� for whatever is necessary t� pr+�te�t the value of the Pr�pert�� and
<br /> Lender's rights in the Praper�y.Lender's actians may inc�ude pay�ng any surns secured by a�zen��vhich has prnorzty
<br /> a�er thi�Se�ur�ty�nstrument,appearing in caur�,paying reasanable att�rneys'fees and entering on th�Prape.rty t�
<br /> make repa�rs.Although Lender may take action under this sec�ian,Lender d�es not have t�da so.
<br /> Any amounts disbursed by Le��der under this sec�ian sha����come additi�n��l debt of B orrau�er secured b���ais
<br /> �
<br /> Securi�y' �nstrumen�. Unless Barr�wer and L�nder a�-ree to other �erms af payment, th�se amounts shall bear
<br /> fl ZD�4-2D 15�ompliance Systems,i��.A�Bc-����-2��s.�.�.1 a�4
<br /> Conse�mer Real Estate-Security Instruxnenc DL2fl3G Pa��2 of 5 �vww.compliancesystems.com
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