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��1 5�6647
<br /> Payme��t of Prin��pal and In�erest; Qther�harges.Borrovver shal�promp�ly pa�r�vhen du�th�principal of and
<br /> in�erest an�he debt o�ved under�he Can�ract and la�e charges or any ather fees and charges due under the Gan�rac�.
<br /> Applic.��l.e Law. As used in this 5ecurity Ins�rument, the term ''Applicable Law" shal� mean a1� control�ing
<br /> applicalb�e fe�ieraX, �tate and I�ca1 sta.�u.t�s, regulations, ord�nance� and administra�ive rules and o�ders ��hat have
<br /> th�effect of Iaur}as we�l as aI1 applicable final,non-appealab�e judi�ial ap�ni�ns.
<br /> �harg�►s; Liens. B�rrau�er shall pay all taxes, a�sessrnents, charg�s, fnes and impo�itions at�ribu�a.b�e to the
<br /> Property which may at�ain priori�y�ver�his Security�ns�rurnent, and leaseho�d pa�rnen�s or graund rents, �f ar�y.
<br /> At the request af Lender,Borr�w�r shall promp�ly furnish�o Lender rece�pts ev�de��ir�g�.he paym�nts.
<br /> Borr�v�er sha11 prnmptly discha�ge a.r�.y�ien��vhich has pr��rity o�er th�s Secur�ty Instrument u.n�ess Borrov►re�-: �a}
<br /> a�rees in writing �o the paymenti af the ob��gation secured by the lien in a manner acceptab�e �o Lender; �b}
<br /> contes�., in good fai�h the l�en by, ar defe�ds against enforcement of�he Iien in, legal proc�edrngs v�hzch �n the
<br /> Len�er's opinion �perate to prev�nt �h� �nfarcem�nt af the Iien; �r �c� secures from the halder of th� lien an
<br /> a�reem+�n�sa�isfactQry�o Lender subardinating�he�ien�o this Security Instrument. Zf Le�der determines�hat any
<br /> part of the Praperty is subject to a �ien which may attain priarity ove��this Se�urity Yns�rument, L�nder rna�g�ve
<br /> Borrower a notice identifying the �ien. Borrower shal� sati�fy the lien or�ake one or mare�f the actions set for�h
<br /> above�v►ri�hin I�days�f the g�ving nf notxce.
<br /> Hazar��or Praperty Insurance,Barrov�er shall I�eep the�mprovements na�v`r ex�sting ar hereai�er erec�ed on�he
<br /> Property in�ured agains�loss by fire,hazards inG�uded vv��hir�the�errn"e�tended Goverage" and any a�her ha2ards,
<br /> including flaods �r fl��d�ng, for vvhich Lender requires in�urance. This insu.ran�c sha�� b� maintained in the
<br /> amvunt��and for the per�ods that Lender requires. The�..nsuranc�carri�r pr�vid�ng the insuranc�sha��be chos�n by
<br /> B�rrQwer subj ect to Lender's apprQval which shall nat be u�reasonabl� �ri�thhe�d. �f Bor�r�vver fails �o mazntain
<br /> coverag;e described above, Lender may, at Lend�r's ap��on, obtain caverage ta pro�e�t Lender's right� in the
<br /> Property in ac�ordance u�ith sec�ion t��ied Pr�tec�ion�f Lender's R�gh�s in�he Property.
<br /> A�1 insL�rance po�icies and rene�tra�s sha�l be acc�p�able to L�nder and shal� �ncXude a s�andard mortgage clause.
<br /> Lender shall have the righ�ta ho�d the po�ic�es and renewals. If Lender requires,Eorrower shall prornptly g�ve to
<br /> Le��der ali receip�s�f pa�d premiums and renewal no�c�s. In the e�en�of 1ass,B�rro�ver shal�g�ve prampt no�xce
<br /> to the insu.rance carr��r and Lender.Lender may make praof af ioss if na�ma.de promptly by B orr�v►rer.
<br /> Un�ess Lender and Borr�urer. othe�-v�r�se agree in ur�-i�ing, insurance proceeds shall be app���d �o r�s�ora��nn or
<br /> repair of the Pr�per�y damaged, if, �n Lender's sole discretion, the re��aratzan or repair is ec�narnically feasible
<br /> and Lender's security is not lessened. �f, in Lender's sole discretion, �he res�ara�ion or repazr is not econamica�l�
<br /> feasib�e ar Lender's security wauid be�essened,the�nsura.nce praceeds shal�be applied ta the�ums secured b�this
<br /> Securi�yr In�trume�lt, whe�her ar no� then due, u�ith any �xcess paid t� Barro�t�ver. �f Barrourer abandons ��e
<br /> Proper��,or daes not ansu�er wi�hin�h�number Qf days prescribed by App�icab�e Law as�e�for�h in a nat�ce frQm
<br /> Lender ro Barr��ver�hat the insurance carrzer has off�red to set�Ie a��aim, then Lender rna�ca��ec��he insuranee
<br /> pr��eeds. Lender ma�r use the proc�eds to repair �r restore the Proper� ar t�pay sums s�cured l�y this Security
<br /> �nstrum+�nt,whether ar na�the�due.The period of��me far Borrawer to ansv�r�r as se�farth�n the notice wi��begin
<br /> when the n���ce is given.
<br /> Unless]�ex�der and�3orrower a�.lerwise agree in wr�ting, any app�i�atian�f proceeds to princ�pal shall no�e�tend
<br /> �r pas�one the due date of�he pa�ments due unc�er the�ontract or chamge�he amount�f the paym�nts. If under
<br /> �he sectzan titled Ac�eleration; Remedi�s, the�roperty is acquired by Lender,Borrower's r�ght t� any�nsuran�e
<br /> pol�cies and praceeds result�ng from damage ta �he Prape�-ty prior �Q the acquisttaon shall pass �n L�nder to the
<br /> exten�of the sums secured by th�s Securi�y�ns�runaent imme�iately p�ior ta the acquxsi�on.
<br /> �reservatiar�, Ma�ntenance and Pr�tec�ion �f the Property; �orro��ver's Loan Appl�catior�; Leasehv�ds.
<br /> Borro�vv�r sha��not des�ra�,damage or xmpair the Property,allativ�h�Property t�deteriarate, ar commit�xraste on
<br /> the Pro�}ert�, Barrou�er sha�1 be in defau�t�f any forfeiture act�on ar proceed�ng,�rhe�her c�vi�ar crirnina�,is begun
<br /> that�n Ilender's good fai�h jud�men�could result in fflrfeiture of�he Pr�per�y or other�rise n�ateria���r impa�r the
<br /> Iien creat�d by th�s Secur��r �nstrument ar Lender's security interest. Bnrr�wer rnay cure such a default and
<br /> reir�s�a�e�, as prov�ded in sec�i�n t�t�ed Barrovver's Right to Reinstate,by caus�ng the ac�i�n�r pr�ceeding tv�e
<br /> d�srnisse�d with a ru�ing�hat,in Lende�'s gaad faith d��ernuna�ion,precludes forfei�ure Qf�he Borrov�ver's in��rest in
<br /> the Praxaerty or o�her mat�ria� impairment of thc lien c�-eated by this Security Znstrument �r Lender's securi�
<br /> in�eres�.Borr��ver shail also be in default if Borrower,durzng the�aan appl�ca�ion proc�ss,gav�ma��rial�y false or
<br /> znaccurate infarmati�n or sta.�emen�s �a Lender {or failed �o pro�ide Lender vv��h any m.aterial infoz-mation} in
<br /> conne��io�.wi�h t�-�e laan �videnced by the Contract. If this 5ecur�ty�nstrument is or� a Ieasehold, �orrovver shall
<br /> camp�y,with.aII the pravisions af the leas�. �f B�rrvwer acquires fee tit�e���he Proper�y,the leasehold and�he fee
<br /> �itle sha��not merge un�e�s Lender agr�es to�he merger in�r�t�ng.
<br /> Protect�on �f Lender's Rights in the Propert�, If�3arrovver fail� to perfarm the covenants and agreements
<br /> contained in this Se�urity�nstrurnent,or there is a Iega�prviceedzng that rnay sign�f�can�ly affect Lender's righ�s in
<br /> the Proper�y �such a� a proceedzng in bankrupticy, probate, fflr c�ndem�ation ar forfei�ure or t� enforce lavt�s or
<br /> regu�atic�ns}, then Lender n�ay do and pay fvr whatever is necessary to pra�ec� �he va�ue of the Praper�y and
<br /> Lender's rYgh�s rn the Praperty.Lender's ac�ions may inc�ude pay�ng any sums secured b�a iien vvhi�h has priari�y
<br /> over�his 5�curity Ins�rument,appeaxing ir�cou.r�,pa��ng reasona�le at�orneys'fees ari.d en�ering on�he Pr�pert�r to
<br /> mak�repairs.A�though Lender may ta�e ac�ian under this secti4r�,Lender dae�not have��do s�.
<br /> A.ny arnour��s disbursed by Lender under this section shall be�ome add�tional d�bt af Borrawer s�cured by this
<br /> Securi�y �ns�rumen�. Unless �3orrower and Lender agree �� o�her terrns af paymen�, �hese amaun�s shall bear
<br /> C�2�Q4-2�15��ompiiance Systems,Inc.A6BC-A21F-2�i 5.3.S.��64
<br /> CQnsurner Rea]Estate-Securi#y Instrument DL203G Page 2 o�S www.compliancesystems.�am
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