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��1 5�6�67
<br /> App��ca��an of Payments. �[_]nless Appiicab�e Lavv provides othervvise, a11 pa.yments received by Lender shall be
<br /> applied: first, to any prepaymen�charges due und�r�he Note; second,�a �n�erest due; �hxrd, to pr�ncxpa� du�; and
<br /> last,to any la�e charg�s due under the Not�.
<br /> Ch�rges; Liens. Borrower shail pay ai� �taxes, assessmen�s, charges, fnes and impositions attributa��e t� the
<br /> Property v�hich may at�azn pr�orz�y o�er�his Security�nstrument, and leasehold payments or ground ren�s, �f ariy.
<br /> Borrower shall pa�these obli�a�ians an t�me and d�rec��y to�he persoxz nw�d payment. At th�request of Lender,
<br /> Borrower sha�1 promptly furn�sh to Lender receip��evidencing the paymen�s_
<br /> Borrower sha�l prornp��y discharge any l�en which has priority nver this �ecurx�y�nstrum�nt un�ess Borrower: [a}
<br /> agrees in u7i�ing ta the pa�ment af the ob�x�ation secured by �he l�en �n �� manner acceptable to Lend�r; �b}
<br /> con�ests ix�. good fai�h�he lien by, or defends against enfarcemen� of�he Ii��a in, ]egal proceed�n�s v�h�ch in the
<br /> Lender's op�nion aperate ta pr�vent the �nfar�ement �f�he lien; or �c� se��ares fram th� holder af the lien an
<br /> a�reemen�sa�isfac�ary to Lender sub�rd�nat�ng�he ��en�o this Securi�y�nstrum�n�. �f Lender de�ermines�ha�an�
<br /> par�of the Praperty is sub�ect t� a Iien whi�h may at�ain pr�or�ty over this SE�curity Instrum�nt, Lend�r may�rve
<br /> Barro�ver a notice ident�f��ng the �xen. Borrawer shall sa�zsfy�he lien ar�ak�one or m�re of�he actions se�farth
<br /> abave within 1�days af the g���n��f no�ic�.
<br /> I3a�ard or Property Insuran�e. Barrawer shali keep the impr�vements n��r exis��ng�r her�after erected on the
<br /> Proper�y��nsured a�a�ns�Iass by f re,ha�ards�ncluded wi�hin the t�rm"e��ended c�verage" and any�ther ha�ards,
<br /> including fl�ads or f�aadi.nb, far wh�ch Lender requires insurance. This �_surance sha�l be ma�ntained in the
<br /> arnoun�s and for�he periods that Lend�r requlres. Th�xnsurance carr�er pr��r��'ing the znsurance shall be chasen by
<br /> Borrovver subj ect ta Lender's approval whxch shall nnt be unreas�nabiy wit��he�d. If Borr�wer fails �a ma�n�ain
<br /> �overa�e described above, Lender may, a� Lender's op�tian, obtain coveraz;e �o pratec� ��end�r's righ�s �n �he
<br /> PropertyT�n ac�ordance with secti�n ti�led Prntec�ion of Lender's Righ�s in��ie Proper�y.
<br /> All insuranc� po�ic�es and ren�wais sha�� be ac�eptable ta Lender and shall :include a sta�dard mor�ga�e clause.
<br /> Lender sha��hav�the r��h��a hald th� po�icies and r�new�.�s. Zf Lender requ��•es,Borrav�e�sha��prompt�y���e to
<br /> Lender aIl rec�ipts of paid premiums and renewa�nflt�Ges. In th�e�en�of�os��,Bor�ower�ha�l bi��e�romp�nat�ce
<br /> �o the insuran�e carr�ex and Lender.Lender may make proof of�oss�f not mad��prompt�y b�Bflrravv�r.
<br /> Unl�ss Lender and Barrower athe�rwise abree �n wrrting, insurance proceeds shall be appl�ed fo restorat�on or
<br /> repair of t�e Property dama�ed, �f, 7n Ler�der's sole discret��n, the restaratia� ar repa�r �s eGonomica�ly fe�.sibie
<br /> and Lender's security is not lessened. If �n Lender's sole d�scretz�n, the res�c�ra�ion or repa�r�s not econam�caliy
<br /> feasible ar Lender's secur��r vc�ould be Xessen�d,the�nsurance proceeds shai�b�w appli�d ta t��sums secured by�his
<br /> Security �nstrum�nt, wh�ther o� nat �hen du�, w�th any e�cess paid to B{yrravc�er. If B�rrowe�r abandans the
<br /> Prope�rt�,or does not answer with�n�he numb�r of days pr�scrzbed by Applicab�e Law as s�t f�rth�n a notxce from
<br /> Lende�-�o Borrawer that the �nsurance �arrier has offered t�set��e a claim,t�+�n L�nd�r rna�callect the ipsurance
<br /> pr�ceeds. �ender may use �he pr�ceeds to repair ar restare the Property or�+�pay sums secured�y �his S�cuarxty
<br /> �ns�rument,whe�her or not fhen due.The peri�d of��me for Borrovver ta answe.r as set forth zn�he notice wil�begin
<br /> wh�n the na��ce is g���n.
<br /> Un]ess Lender and Borrower o�herwise ag�-ee in vs�riting, any app�i�ati�n�f p�-oceeds�o principal shail not e��end
<br /> or pas�tpone the due date of the paymen�s referr�d to ir� the sect�on t��l�d P��ymen� of Pr�ncipal and In�erest;
<br /> Prepayment and Late Charges or change the am�un�of the payments. �f t�r�der�he sect��r��xt�ed Acceleration;
<br /> Remedies, the Property �s acquired by Lender, Borrov�er's right to any insuri�nce pfl�zcies a�d pro�eeds resultinb
<br /> fram damage to the Property pr�or to the acquzs��zon shall pa�s to Lender�o�b�e extent of the sums se�ured b�this
<br /> 5ecurity�nstrum�nt�mmediatel�priar to�he acquis��znn.
<br /> Preserva�ion, Main�enance and Prote���vn of the Prvper�y; Barrower"� Loan Applicatiatty Leaseholds.
<br /> Borrovver sha��nat d�stroy, damage ar impa�r�he Properry, a��ow the Prop��-�►,�to d�teriora�e, or commi�was�e on
<br /> the Prop�r�y.BorroWer shali be in defaul�if any forfeiture ac��on or proceedin�;,whether���i�or criminal,zs begun
<br /> that in Le�ader's �ood faith judbmen� cau�d result in farfezture of�he Propertf� ar otherwise ma��r�aily impair the
<br /> Iien created by �his Security �ns�rument or Lender's security in�ere�t. Borr{�vver may cure such a defaul� and
<br /> reins�ate, as p�rov�ded�n secti�n ti�led Borr�wer's Right to Reinsta�e,by c��.�si.nb the actxon or praceedina�o be
<br /> d�smissed with a rulinb that, zn Lender's goad faith determinati�n,precludes farfeiture a�the S�rrovsrer's in�erest zn
<br /> the Praperty ar othe�- rnateriai impa�rment �f the �zen created by thrs Se�urity Ynstruxn.ent �r Lender's securi�y
<br /> interest.Barrower shail alsa be in defau�t�f Borrower,durzng the loan appl�cati�n pr�cess,gave ma�erially false or
<br /> �naccura�e information �r statemen�s ta Lender (or fax�ed tfl pra�r�de Lend��� with any mat�rial informatiom� in
<br /> connectian �r�th the loan ��idenced �ay the Note. If this Security Znstrume�t, �s on a �easehold, B�rrow�r sha�l
<br /> comp�y with al��he pra�isi�ns of the lease. �f Barrower acqu�res fee tit�e to�h��Propert}�,the Ieaseh�Id and the f�e
<br /> �itl�shail no�rnerge unIess L�nder a�rees ta�he merger xn wri�ing.
<br /> Pro���t�an of L�nder's Right� in the Prop�rty. �f Bo�-�-�wer fazls ta perf�rrn the cav�nants and abreements
<br /> contained�n�his S�cur��y Ins�rument, or th�re �s a le�ai proceeding that may s zgnifi�antly af�e�t Lender's righ�s in
<br /> �he Proper�y° �such as a proceeding �n banksuptcy, pr�ba�e, for condemna�i�n.or forfeiture or�o e�.force 1av�s or
<br /> rebula�ians}, then L�nder may da and �a� for whatever is neCessary to pr��tec� the va�ue of the P�aper� and
<br /> Lender's r�ghts in the Pr�p�rty. Lender's ac���ns may in�lude pa�ing any sum�secur�d by a���n v�h�ch has priar�ty
<br /> o�e�-�his S�curity�nstrumen�, appearing in court,paying reas�nahle attarn�ys'fees and en�er�ng�n the Prapez-ty�a
<br /> rna�e repairs.AXthau�h Lender may�ake actian under this sec�ion,L�ender doe�,nat ha�e ta do so.
<br /> Anyr amaunts disbursed b� Lender under this sec�ion sha]X become addzt�ona� debt of Borr�wer secured by �his
<br /> Securi�.y znstrumer��. Unless Borrower and Lender agree to ather terms af paym�n�, �hese arnoun�s shal� bear
<br /> �2044-ZO I 5 Cvrnpliancc Systems,Inc,A6BC-772E-2El]5,3,5,]D54
<br /> Cansumer keal�state-Security Instrument DL2036 Page Z at 6 v��ww.�ompliancesystems.corr�
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