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� ��1 5�593 5
<br /> Payment af Principa�and In��res�; ��her�harges.Borro�ver shall promp�Iy pay when due the princ�pal Qf and
<br /> in�eres��n�:he deb�a�ed under the Contrac�a��d late charges or any oth�r fees and charges due under the�on�act,
<br /> ,� l��abie Law. As used �n th�s Security �nstrument, the term ".Ap�licable Lav�" shall mean a11 contralling
<br /> PP
<br /> applicable fed�ral, sta�e and 1��a1 s�a�utes, regulati�ns,ordinances and adrninistrati�re rules and ord�rs �tha�have
<br /> �he effect af Iavv�as v�re11 as a�l applicabte fina�,non-appealabi��udic�a��p�nions. .
<br /> �har es• I�ienS. Sorrowe�r si�al� pay aIl ta�es, assessments, �harges, fines and impositions at�r�butable t� the
<br /> � �
<br /> Property whi�h may attain priori�y over this Securit��nstrurnen�, and leasehotd payments �r ground rents, if any.
<br /> At the reques�af Lend��,Bor�awer sha�l promptiy furn�sh to Lender rece�pts ev�d�ncing the paymen��.
<br /> L�rro�ver sha��promp��y discharge any Iien which ha�pr�or�t���er th�s Secur��y Ins�rument unless Borrav��er: �a}
<br /> a�rees in writ�ng to the paymen� of the ob�igation secured by the lien in a manner acceptable �o Le�der; (�b}
<br /> contes�s �n good fai�h �he lien by, or defends,agains� enforcement oT the lien in, lega�pr�ceed�ngs vvhich in the
<br /> Lender's opinion ❑perate �o pre�en� �IZe cnforcem��� aF the lien; or ��� secures fram �he h�lder of�he lien an
<br /> agreemen�satisfact�r�ta Lender sub�rdinating the �ien to this Security�nstrument. If Lender determines that an�
<br /> part of tlle Property is �ubject to a lien v�rhich�nay a�tain priori�y o�er this 5ecur��r Ins�rument, Lender may gi�e
<br /> Larrower a notice �dentif�ring the Iien. Barrower sha�l satisfy the Iien�r tal�e on� ar m�re of the ac�ians se��or�h
<br /> above�v�th�n ��days of the gi�ing�f no�i�e. . -
<br /> Hazard�r Yraperty �nsuran��. B�rr�wer shall ke�p the impravemen�s novv exis�ing�r hereafter�rected�n the
<br /> Prap�rty�nsured again�t lass by fre,ha2ards in�luded v�ithin the�errn"e�.tended co��rage"and any other hazards,
<br /> includ�ng �oQds �r fla�ding, for which Lender requires insurance. 'This insuran�e �hal1 be �nalntained in the
<br /> amoun�s and far the peri�ds t��at Lender requires.The v�surance carrier pr��iding the insu.rance sha�l be chos�n by
<br /> ���-rower subject t� Lender's approva� �hich sha�i not b� unreasonab�y withhe�d. If Borrawer fails to mainta�n
<br /> coverage descr�bed ab�ve, Lender may, at Lende�'s �pti�r�, ��tain �o�erage �a pr�tect Lender's r�ghts in the
<br /> Propez-�y in accarda��ce wi�h sec�ian�i�Ied Pro�ect�om of Lender's Rights in the Property.
<br /> Ail �nsurance policies and renewal� sha�l be aecep�ab�e io Lender and shal� include a standard mortgage clause.
<br /> Lender shall ha�re the right ta hold�he policies and r�ne�val�. �f Lender requires, B�rrower shall promptly gi�e to
<br /> Lender ali re�e�pts gf pa�d pr�miums and renewal no�ices. In the event�f los5, �3orro�nrer sha��gi�e prampt no�ice
<br /> �o t��e insu�a��ce carri�r and Lender.Lender m.ay make prfl�f af loss if n�t rnade promp�ly by Borr�v�er.
<br /> Unless Lender and Barr��ver o�hervvise agree zn rn�ri��n�, �nsurance pr�ceeds sha�l be applied �� res�ora��on or
<br /> repair af�he Propetly darnag�d, if, �n Lender's sale d�s�retion, the �es�orati�n �r repa�r is economical�y feasib�e
<br /> and L�nder's security is no��ess�ned. If, in L..ender's sale d�scre�ion, the res�oration or r�pair is na�economi�al�y
<br /> feasibie�r Lender's securi�r would�e Iessened,�11e insurance proceeds sha11 be applied��the sums secured��th�s
<br /> �ecurity Ins�rument, virh�ther or not then due, v�ith any excess paid �a Borr�vver. If Barrower ahandans the
<br /> Prvp�rty,or does n��answ�r vvi�hin th�nurnber of days prescr�bed by Appl i�able�1aw as set far�h in a natice fr�m
<br /> Lender to Borrower�hat the �nsuran�e car-rier�as offered�� sett�e a��aim,then Lender rnay coX�ect the �nsurance
<br /> proceeds. Lender may use the proceeds ���re�pa�r or restore th� Property ar�o pay sums se�ured by th�s Security
<br /> Instrumen�,w��eth�r or no��hen due.The p�riad of time f�r Borrower�a ansvc�er as set farth in�he natice will beg�n
<br /> when the notice�s g��en. . .
<br /> L�nless Lender and Barrawer fl��lerwise agree in vvr�tin�, any app�icatian of proceeds to princ�pal shal�nQt extend
<br /> or postp�ne the due date�f the payments due under the C�ntract�r chan�e the amflunt of the pay�nen�s. If under
<br /> the seG��an ti�led Acceleration; R�medi�s,the Property is acquired��Lender, Borrovver's right�o any insurance
<br /> p��icies apd pr.aceeds resul�ing from darnage tfl ��e Pro�aerry pr.i�r�to the acquisitio�z shall pass to Lender to the
<br /> exten�af�he sums secured by this Securi�y�nstrument immed�ateiy prior to the a�quisi�i�n.
<br /> Preserva�inn, Ma�ntei�ance and Pratect�vn of �he Proper�y; Bflrrower's Lvan Applicat�vn; Leaseho�ds.
<br /> Borrower sha1�n��destr�y, dama�e ar impair�he Proper�y,allow the .PrQperty#� de�eriorate, Qr c�mmi�was�te on
<br /> th�Property.B�rrawer shall be in defaul�if any f�rfeiture act��n ar proceedir��,whether civi�or criminal,is begun
<br /> �ha� in Lender's gaad faith�u�.gmen� could resu�� �n farfei�ure af the Property or�therwise material�y impair�he
<br /> lien creat�d by th�s Security Instrumen� or L�nder's se�urity interes�. Bor��vver may cure such a defaul� and
<br /> rei.nstate, as pro��ded in sectian titled Sorrov�er's i�.igh#t�Re�ns�ate,by�ausing�he action ar proce�ding to be
<br /> dismissed with a ruling tha�,�n Lender's g4�d faith deterrnination,precludes f�rfeiture�f the I3orr�wer'�in�erest in
<br /> �h� Proper�y �r o�h�r ma�erial �mpairment of�he lien crea�ed by �his Security �nstrumen� or Lender's secur�ty
<br /> in�eres�.�3orra�rrer shall alsa be in default if Bo�-rrower,during�he�oan applica�ion pracess,gave materia�ly fals�ar
<br /> inaccura�e �nf�rina�ion �r s�a�emen�s �� Lend�r (ar failed to provide Lender �vith any material �nformatifln� in
<br /> c�nnec�ion with th� loan e�idenced by�he �antrac�. �f�his Securi�ty�nstrumen�is on a�ea�e���d, Borrov�er shall
<br /> comp�y with a11�he provis��ns of�he lease. �f B�rrar�ver acqu�res fe�t��le�o�he Prope�ty��he leasehold and�he fee
<br /> t��le shali no�merg�unless Lender agre�s�a the�nerger�n wri�ing.
<br /> Pro$e�ti�n of Y.�ender's Rights in the l�roperty. If Borrawer fai�s to perfarm th� co�enan�s and agr�emen��
<br /> contained�r��hi� Security�nstrumen�,ar�here�s a 1ega1 proceeding tha�may signif�an�Iy affec�Lender'�r��ht�in
<br /> the Proper�y �such as a proc�edin� in bankruptcy, �robate, for condemnati�n or fQrf�iture or�o enfor�e �avvs or
<br /> regulations}, then Lender may da and pay for whater�er is necessary �o pro�ect the value of the Prop�rty and
<br /> Lende�'s righ�s�n the Property.LEnder's ac�ions may inc�ude paying any sums se�ured by a iien�vhich has pr�or��y
<br /> oWer this 5ecur�fiy�nstrum�n�,a�pearing in court,paying reasonable attorneys'fees and entering�n�he Propert��o
<br /> make repairs.A��h�ugh Lender may ta�e action under th�s secti�n,Lender does nat ha�e�o do so.
<br /> Any amaun�s d�sbur�ed hy Lender under this �ection�shal� became a�.di��ona1 debt of�3orrar�e�r secured by this
<br /> Securi�� �ns�rumen�. U1���55 Borrower and Lender a�ree �o other terms of payment, these am�un�s shall bear
<br /> �-Q 24�4-2QI5 Compiiance Systems,InG.A6BC-AB2C-��15,3,5,1Db4
<br /> C�rasumer Re�.l Estate-Sec�rity Instr�ment DL2036 • Pa��2 c�f 5 wwv;�.�ampli�ncesystems.corn
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