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��15�5884
<br /> Pa�ment of Princ��aal and In�eres�; �ther�harges.Borrour�r�ha��prornptl�pay When due the principal of and
<br /> interest on the debt o��ved under t�e Con�ract and Iate charges�r any other fees and charg�s due under�he�ant�a��.
<br /> Applicab�e Law. As used in this Security Instru.ment, �he term "App�icab�e Law" shal� x�ean aX� can������n.g
<br /> app�i�able federal, state and��cal s�a.tutes, regulati�ns, ardinances and administrative ru�es amd ❑rders �tha�ha�e
<br /> the eff��t of la�w�as we�l as all appiicabie final,non-appealable judicial�pinions.
<br /> Charg�s; L�er�s. B�rro�r�r shal� pay ai� �ax.��, ass�ssrnents, cha�ges, fnes and irnposi�i�ns a��ributa.h�� ta the
<br /> Propert�whrtc�may a�tain priority�ver�his 5ecurity Instrument, and Ieasehold payments ar graund ren�s, if an�.
<br /> At the reques�of Lender,Borrower sha�l promptX�furni�h�o Lender receip���videnc�nb the paymen�s.
<br /> Barro�er sha11 promptly dis�harg� any lien v�rhich has priorit�a�er�his Sccur�ty�ns�rumen�unl�ss Barrflv�rcr: �a)
<br /> agre�s �n wr�ting �o �he payment �f the �b�igatian se�ured by �h� �ien �n a manner acceptab�e ta Lender; �b)
<br /> cantes�s in go�d faith�he Iien by, or defends against enfarcemen� �f�he lien in, Iegal proceedings �hich in the
<br /> Lender'� �pinion operate �o pre�ent �he enforcem�n� of the lien; or ��� secur�s from �he h�Ider of�h� �ien an
<br /> agreem�nt satisfactory to Lende�subordina�ing the�ien ta�h�s Securi�Instrumen�. If Lender determ�nes that any
<br /> pa�t of�he Property is sub�ect �� a Iien�vh�ch may a�tain priarity vver�h�s Securitiy rnstrument, Lender rnay give
<br /> Borrovver a n�t��e iden�ify�ng the Iie�.. Borrawer shali sa�isfy�he li�n�r ta.�e�ne or more of the a�tzons se�f�rth
<br /> above v�rithin ��days�f the g�ving af noti�e.
<br /> Hazar�ar Prop erty Insurance.Borrov�rer shall keep the�rnprove�x�.ents now exi��ting or hereafter erec�ed an the
<br /> Prflpert�insured agains�Ioss by fire,ha�ards in�luded wi�hin�he term "ex�ended caver�.ge" and any oth�r hazards,
<br /> includ�g floads or fl�oding, f�r which Lende� requ�res znsurance. Th�s insurar�ce shall b� main�ained zn the
<br /> arnvunt�and for the per��ds that Lender r�qu�re�.The insurance carrier praviding the insurance shall be�hosen by
<br /> Bo�rrour�r sub��c� �o Lender's app�oval ,t7vhich sha11 nat be unreasanab�y urithheld. �f Borravver fails to maintain
<br /> c��e�ag� described ab���e, Lender may, a� L�nd�r's apti�n, obtain cvverage fo protec� Lender's right� in the
<br /> Propert�in acc�rdance vv�th sectian�itled Protect�on of Lender's Rights in�he Property.
<br /> All insurance policies and renewa�s sha1�be acceptab�e to Lender and shall includ� a s�andard mortgage clause.
<br /> Lend�r sha11 have the rzgh��o hold�he pol�c�es and r�newals. �f Lender requ�res,Borrawer shali prornpt�y give ta �
<br /> Lender all r�cexpts af paid premiums and rene�al no�i�es. In the event of��ss,Barr��ver shatl give prompt natice �
<br /> �o the��surance carrier and Lender.Lender xnay ma1�e proof�f loss if n��made prampt�y by Borrower.
<br /> Unless Lender and B orrower othe�-�ris� agree in ��rri�irig, insurance proceeds shall be applied t� restQratian or
<br /> repair af the Praperty damaged, �f, in Len�er's sa�e d�scre�ion, the restaration �r r�pair is economzca��y f�asible
<br /> and Ler�de�'s securi�.y is not�essened. �f, �n L�nder's sole d�scret�on, the restora�ion ❑r repair is n��economically
<br /> feasible or Lender"s security would be I�sser�ed,the insurance proceeds shall be app�ied to the sums secured by thzs
<br /> 5ecu.�ity �ns�rument, u�he�her �r na� �hen due, with an�r excess pa�d to Borrower. If Borr�vver aband�n� the
<br /> Fraper�,or does not ansvver urithin�he numb�r of da�s prescribed by Applicab�e Law as set f��h in a not�c�frQrn
<br /> Lender��Eorrativer tha��he insurance carrier has offe�ed�o se�tle a c�aim,then Lend�r ma�collect the insurance
<br /> pr�ceeds. Lender may use �he proceeds to repa�r or res�ore �he Prop�rty or t� pay sum� s�cured by�h�s Secur�ty
<br /> �nstrurn�nt,vvhe�her�r not then due.The periad of tim�for Borrower to ansvver as set far�h zn�he notice will beg�n
<br /> when th�no�ice�s giv�n.
<br /> Un�e�s Lent�er and Borrower atherw�se agree in�turzting, any applXca�ion of proceeds t�princzpa� sha11 not ext�nd
<br /> or pa��one the due da�e of the payments due und�r the�ontrac�vr change�he amaunt of the payments. If under
<br /> the section t�tl�d A��eleratifln; �emedies,the Proper�y is acquired by Lender,Borrower's right to an�insurance
<br /> policies and pr�Geeds resu��ing fram damage ta �ae Prope�fiy pr�or ta the acquisit�on sha�� pass t� Lende� �a the
<br /> exten�of�he sums secured by this�ecur�ty Ins�rument immed�at�ly prior�o�he acquisit��n.
<br /> Preservation, Maintenan�e and Pratec�ion �f the Property; �arrayver�s Loan Applica��orn; Leaseholds.
<br /> Borravv�r shal�not destro�, dam�.ge or impa�r the P�operty, all�w the Proper�y tq de�eriarate, �r cornmr�vvaste on
<br /> the Property. Barravver shal�be in defau�t if an�r forfeitur�act�on or proceeding,whether civil flr criminal,i��egun
<br /> that in Lender's good fai�h judgrnent cau�d resu�t �n f�rfeitu�� of the PrQper�y ar othe�-wise ma��rxally impair the
<br /> Iien created by thYs 5ecurit� Ins�rumen� or Lender's securi� �nteres�. Borrov�rer rna� �ure such a defauit and
<br /> reir�sta��, as prav�ded in secti�n ti�led BorroYve�-'�Ri�ht ta Reinstate,�y causing the a�tio�a�r proceeding to be
<br /> C115I�7155�d.WI�1 a r1111t1���Ia�,i.n Le�der's go�d fai�th det�rmina�ian,precludes forfeiture af�he Borrower's interest zn
<br /> �he Pr�per�y or o�her ma�erial irnpairmen� of the ��e� created by �his Security In�tru�nen�t ar L�nder's �ecurx�y
<br /> znt�rest.Borrovver shall also be in defau�t if Barrower,during th�loan app�icati�n process,gave ma�erially fa�s�ar
<br /> �naccurate information or sta.ternents ta Lender �or fai�ed t� pro��de Lender �w�th any material infarmation� in
<br /> cannection v�rith the loan ev�denced by the Can�ract. If thi� 5ecurity Ins�rum�n�is on a leasehald, Bor�ower shal�
<br /> camply�vi�h a�1 the praviszons of the Ieas�. �f B�rrower acquxres fee�i��e ta�he Property,the leaseho�d and�h�fee
<br /> txtle shal�nnt merge un�ess Lender agrees�o the�nerger in vvriting.
<br /> Protectio� of Lend�r's l�ghts in th� Praperty. If Barro�ver fails �� perf�rm the covenan�s and agreemen�s
<br /> con�a�ned in th�s 5ecurity Instrument,or there�s a�egal proceeding�hat may srgnifican�iy affec�Lender's rights in
<br /> the Pro�ez-�r �such as a proceeding in bax�l�ruptcy, prQba�e, for conden�a��on ar forfe��ure ar to �nforc� laws or
<br /> reguia�io�.s}, then Lender may d� and pay for vvha�ever i� nece��ary �o pr�tect the value af�tri� Property and
<br /> Lender's right���the Property.Lender's actions�-nay include paying any sums secured by a lien�v�ich has prior��y
<br /> aver�hi�Security Instrumen�,appearin�x.n cour�,pay�ng reasonable attorne�s'fees and�ntering on�he Praperry�o
<br /> ma�e repairs.Although Lend�r may take action under�hi�sec�zon,Lender does no�hav��o do so.
<br /> An� amount� disbursed by Lender under this section shall become addztional debt Qf Borrov�er �ecured by th��
<br /> S e curity �r��trument. I7n�e s s B orrou�er and Lender agre e ta ather terrns o f p ayrnent, thes e am�unts shall b e ar
<br /> t�2�042�I5�ompliance 5ystems,Inc.AbBC-FDS�-2013.3.5.1064
<br /> Co�surner Re.�i Estate--Se�urity Instrument DL2435 Pa�e 2 Qf 5 ww}v.campIian�esystem�.com
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