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��1 5�671 �
<br /> Pa�ment�f Princ�pal a���Interes�; �fher Charges.Borr��er�hal�promptly pay when due�he principa�af and
<br /> interest�n�he debt�vved under�he Contract and Iate charges or an�other fees�and charges due under the C�n�rac�.
<br /> Applicalale Law. A� used �n th�s Security �ns�rurn.en�, ihe term "Applicable La�" shal� rnean ali c�ntro�ling
<br /> applicable fed�ral, state and loca�.s�a�utes, regulations, ard�nances and administra�ive rules and or.d�rs �that have
<br /> the effec�of�aw�as weli as all applicable fi�na�,non-appealabie�ud�c�a�np�nions. . .
<br /> Charges; Li�ns. Borrflvver shai� pay aI� ta�es, assessments, charges, fnes and �mp�s�t�ons at�r�butable �o �he
<br /> Praperty whi�h may a�tain pri�r�ty o�er this�ecur��y�nstrumen�, and leasehald pa�men�s or ground ren�s, �f ariy.
<br /> A�t the request of LGnder;�Borrawer sha1�prompt�y furnish to Lender rec�eipts ev�dencing�he paym�nts.
<br /> B�rra�er sh�il promp�ly diseharge any lien v�hic�has priori�y��er�hi� Security �ns�rumen�unl�ss Borrower: �a}
<br /> agrees �n �rvrit�ng t� �he payrnent_of�he ob�iga�ion secured b� the Iien in a manner acc�ptab�e to Lender; �b}
<br /> can�e�ts in gaad fa��h the Iien hy, or d�f�nds against en�orcement �f the �ien in, legal pr�c�edings which �n the
<br /> Lender's fl:pinian npera�e to prevent the enf�r�ememt of �he lien; �r �c} secure,s�fr�m the holder of the lien an
<br /> agr�ement satisfa��ory�o Lender subordin��ing the lien ta�his Secur��y rnstrument. If Lender de��rmines�hat any
<br /> par�of the Properfiy is subj ect�o a�ien whicll may a�tain pr�ori�y o�er�his Secu.rity�nstrument, Lender may g��e
<br /> B�rrower�.not�c�e iden��fying�he 1�en. Barrower sha11 sat�sfy the li�n or�ake �ne or more of the act�ons se�forth
<br /> abo�e�vi�h in �4 days af the g�v�ng of no�ice.
<br /> �Iazard ❑r•�roperty Insurance.Borrower�hal�keep t�e in�provemer��s nov�exis�ing or hereafter er�cted an�h�
<br /> Property insured agains�Ioss by fire,hazards included�wi�hin the�errn"�xtended ca�erage"and an���her hazards,
<br /> �ncluding :��ods or flo�d�ng, for �v1�i�h.Lender require� znsurance. This insuran�e shall be main�ained in the
<br /> amoun�s and f�r the per�ods t�ia�Lender requires.The insurance carrier pr�vidirig the in�urar�ce�hali be ch�sen by
<br /> �3orro�er �u�je�� to Lender's appr��al whxch shall no� be unreasanably w��hheld. �f Barrower fa�ls ta ma�n�ain
<br /> ca�rerage' described abo�e, Lender may, at Lend�r's opti�n, obta�n co�erage to prateG� Lend�r's rights in the
<br /> Praperty�r�accordan��wi�h sec�ian���Ied Pr�tection tif Lend�r's Rights�n the Proper�y.
<br /> All insurar�ce pol�cies and renewals sha�l be accep�ahle i�Lender and shall inc�ude a standard mortgage clause.
<br /> Lender shal�haWe�he right�a hoid�he policies and rene�vals. If Lender requ�res, Barr�wer sha1�prom��ly give�o
<br /> i�ender all rec�ip�s of�aid premiums and renewal n�tices. �n�he e�en�af loss,Barrawer shal�giv�promp�notice
<br /> t�the insu�rance�arrier and Lender.L�nder rnay ma�e prc�of af l�ss�f no�made promp��y by Borro�vver.
<br /> Unless Le:�der and Borrotiver o�hervvise agree� in writ�ng, insurance �roceeds shal� be appli�d �o restoratiari ar
<br /> repa�r�f t:he Pr�per�y damaged,�if, in L�nderis so�e dis�re�i�n, the re�taration ar repair is �conom.�cally feasib�e
<br /> and Lender'� s�curi�y is not�essened. �f, in L,ender's sole discretion, t�e restoratian or repair is not e�an�rnica�Xy
<br /> feasib�e or Lender's secur��y wau�d be�essened,�he insurance praceeds shall be applied�a�he sums secured by th�s
<br /> Se�urit� I:nstrument, whet��r �r not �1�en due, wi�h any excess paid �o B�rrower. If B�rrower abandvns the
<br /> Propert�,or does not ansv�rer v�ithin the nu�r�.ber of days prescribed by.Applicable Law as s�t for�h in a notice from
<br /> Lender to Borrow�r�ha�the insurance carrier has offcred to �ett�e a�laim,�h�n Lender may �ollect t�e insurance
<br /> proceeds. Lender may use the proceeds ��repair�r r�stn�e�he Property or t�pa� sums secured by this Security
<br /> �ns�rumen�:,whe�hex or no�then due.The period af�ime for Borr�wer to answer as set f.or�h in the no��ce wzl�begin
<br /> when t�e notic�is g�ven.
<br /> Un1�ss Le��der and Borr�wer otherv`r�s� agre��n wr�ting, any app�i�atian af praceeds to principa�shal�no�ex�end
<br /> �r postporne th�due date of�he payments due under�he�ontrac:t�r�hange the amaunt of the payments. If u�.�der
<br /> the sec�ian t���ed A�celerat�an; Remedi�s,the Praper�y is acquired byr Lender, Borr�wer's r�gh�t�any insurance
<br /> po�i�ie� and proceeds resul��ng fram dainage to �h� Pr�pert� pr�ar t�the ac�uis��ion sha�l pass t� Lender to the
<br /> extent of t��e sums secured by this Security Ins�rument�mrnediate�y prior to the acquis��ion.
<br /> Pres�r►vation, N�aint�nance and Prot�ctian af the Prop�rty; �3vrr�vver's Lvan App�ica��vn; Leasehalds.
<br /> Borrower shall n��destray, damabe or�mpair the Prop�rty,all�w�he Prnper�y�o de�eriorate, or c�m�ni�waste on
<br /> �he Property.Borrower sha�l be���default if any forfeiture action or prQceeding,whe�her ci�i�ar cr�m�nal,�s�egun
<br /> that in Le��der's gaod fai�h judgmen� cau�d result in forfeiture of the Proper�y�r other�nrise mat�rial�y impair the
<br /> �ien �reat�d by th�s Security Ins�rumen� or Lender's secur��y interes�. B�rrflwer may cure such a defau�� and
<br /> reinstate, as�rovided in se�tion titled Bnrrower's�tight to Reinstate,l�y cau�ing the action or proceeding t�be
<br /> dismissed wi�h a ruling tha�, in Lender's gfl�d fa�th determinatio�,precludes forfe��ure�f the Borrawer's in�erest in
<br /> the Prope��ty or �ther material impairmen� �f th� Iien �reated by this Se�ur��y �nstrument or Lender'� securi�y
<br /> in�erest. Barr�wer sha�l also be in defau��if B�rrower,during�he loan app�ication process,gave material�y false flr
<br /> inaccurate informatifln ar s�aternents t� Lender �or fai�ed �� pro��de Lender with an� ma�erial inf�rma�i�n} �n
<br /> connectior��ri�h the loan ev�denc�d by the Contract. �f th�s Se�uri�.y Instrument is ori a leas�hold, Borx-ower sha�l
<br /> c�rnp�y�vi�h a��the pra�is�ans flf the Iease.If Borrawer acquir�s fee title tfl the Proper�y,the leasehold an�the fee
<br /> title sha�l��o�merge upless Lender a�rees�a the m�rger�n writing.
<br /> Pra�ec�iox� of Lender's Rights in the Froper�y. Xf Borrower fails �a p�rform �he cavenants and agreem�n�s
<br /> conta�ned in this Secur��t;y Instrum�nt,or there �s a�egal proceeding�hat ma�signifi�antly affect Lender's rights in
<br /> �he Pr�peY-ty �su�h as a pr�ceeding �n bankrup�cy, pr�bat�, for condemnation�r f�rfeiture or�a eriforce �aws fl�r
<br /> reguia�i�n�), �hen-Lend�r may dfl and pay for whatever is necessar�� �.n pro�e�t the value of�he Prflper�y and
<br /> Lender's r:��hts iri�he Properiy. Lender's ac�ions may�n�lude pa�ing any sums secured by a lien which has pri�rity
<br /> �ver th�s �ecur��y Instrument,app�aring in cour�,paying reas�nable attorneys'fees and en�ering�n�h�Pr�perty to
<br /> make repa�rs.A�though Lende�r ma�take ac�ion under�hi�sectian,Lender does no�ha�e�a do sa.
<br /> Any amo�:�nts disburs�d by Lender under this se�ti�n shall became additiona� debt of Borrv�er secured by this
<br /> Secur�ty Ins�rument. Unless Borrawer and Lender agree �a other t�rms of paym�en�, �hese ar�aunts shall bear
<br /> �2404-24I5 Compiiance Systems,Inc.A6BC-11A8-2015.3.5.10f�4
<br /> Consukner Real Tstate-Securi#}•Tnst,re��rcer�t DL2�3� � Page Z a�� ww-w.compliancesystems.com
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