. . . 2� 15�783�
<br /> ni�ss A Iicabl� La�v ravides other�vise, al1 paymen�s received by Lender shal�be
<br /> �,pp��ca��fln of Paym�n�s. U pp p
<br /> lied: firs� t� an re a en�charges due ur�der.the N�te; secand, ta interest due; �hird, to pr�ncipal due; and
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<br /> �as�,ta any Iate charges due under t��l���e. � �
<br /> � • Liens. Borrorn�er si�all a aIl ta��s, assessments, charges, f nes and imp�sitions at�ribu�ab�e �o the
<br /> �hargess p Y
<br /> Pro er v�ihich ma� at�ain�priori�y over�his Secur�ty�ns�rumen�, and leaseh�ld payments ar ground rents, if a.ny.
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<br /> B�rr�wer s��ail a these obl�ga�ians or�time and direc��y to �he �erson awed paymen�. At�he reques��f Lender,
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<br /> B�rrawer'sha11 promptly furnish��Lender receipts e�idenc�r�g�he pa�ments.
<br /> Barrawer shai� rom �I discharge any �ien wh�ch has p�ioril�y over�his Securi�y�n��rumen�un�ess B�rr�wer: �a�
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<br /> a rees in writin t� the pay�ne�t af��he��bliga�ion secured b� �he Iien �n a m�:nner accep�able �� Lender; �b�
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<br /> �an�ests in �od faith the �ien by, or.defends�against e�farcement of the l�en �n, legal pr�ceedings vvhich in the
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<br /> Lender's � in��n operate �Q pre�ent �he enforceme��� of the I�en; �r �c� secures �'rom the holder of the liem an
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<br /> a reement sa��sfac�ory to Lender subordina�����he �ien tfl th�s Security�nstrumen�: �f Lender de�erm�nes tha�any
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<br /> art of the Pr� e is sub�ect�o a I�en v�hiich�may attain priority o�er�h�s Securifiy Instrument, Lender may give
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<br /> Borrovver a na�ice ideniifyillg the lieri. Borrower sha�i satisfy the lien �r�a�e an� or more �f�he actions set forth
<br /> ab�ve within ��days af the g�ving of nQti�e.. � �
<br /> r Pro ert� Insuran�e.Borrovver s�all keep�he irnpro�emen�s now existing�r hereafter erec�ed on the
<br /> �Iazard o p y
<br /> Pro e insured against I�ss by fire,�iazards included with�n�:he term''extended co�erage" and any other hazards,
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<br /> includ�n fl�ods or f[�ading, �or vvhi�h Le�der requires �nsurance. Th�s� 1nsu�anc� sha�I �e main�ained in the
<br /> �
<br /> amounts and f�r�he periods�cha��ender requires. The insurance carr�er�rov�d�ng the�nsurance shal�be�hos�n by
<br /> Borrawer subjec� �o�Le�der's �.pproval wh�ch shal� n�t �� unreas�nably wxthhe�d. �f Borrower fails to main�ain
<br /> covera e descri�ed above, Le�der�may, a� Lender's ❑p�i�n, ob�a�n coverage to pro�ec� Lender's r�ghts �� �he
<br /> �
<br /> Property�n a�cordan�e w�t��se�tion��t�ed Pr��ect��r� of Lend[er's�ights�n�h�Property.
<br /> nce o�ic�es.and renewa�s.shal� be. accep�able �o Lender and shall include a s�andard mortgage c�ause.
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<br /> Lender sha�I have the r�ght to ho�d�he palicies and renewa�s. �f Lender requzres, B�rr��ver sha�i promp��y g�ve to
<br /> Lender ai� rece�p�s of paid premiums and r�n�vWal n����es. �n the event of��ss, Borrov�er sha1�g�ve pr�mp�n��ice
<br /> to�he insurance car�rx�r and Lender.Lender may mak�proof of loss if no�made pr�mptly by Sorra�ver.
<br /> Unless Lender and Borrov�rer o�herv�ise agr.�e in vrrr��ing, insurance proceeds shali be app�ied ta restora�ion ar
<br /> re air of�he Property damaged, if, in Len�er's saie discret��n, ���e res�oration or repa�r �s e��nom�cally feasib�e
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<br /> and Lender's security is no� Ie�sened. If, in Lender's s�le disc�-et�on, �he res�ora�t�an or repa�r is not ecfln�mical�y
<br /> feas�ble or Lender's securi�ty wou�d be�essened,�he insurance pr�ceeds shall�e app�ied to�he sums secured by�his
<br /> Security �ns�rument, �vhe�her ar no� �hen due, wi�h any e��ess pa�d to Sorrov�er: �f Borrawer aband�ns �he
<br /> Pr�perty,�r d�es no�a��swer wi�hin the�number of days prescribed by Applicabte La�as set forth in a notice from
<br /> Lender.to Borrower tha���e insurance car-��er has offered to sett�e a��aim, then Lender�nay cal�ec��he insuran�e
<br /> proceeds. Lender m�.y use the pr��eeds t� r�pair or res�ore the Proper�y ar�� pay sums secured by�h�s Se�uri�y
<br /> �ns�ruunent,vvhether or no�then due. The p�riod af time for Barr��ver�o ansv�er as se�forth�n the noti�e wiil begin
<br /> when the n�tice is gi�en. � �
<br /> Unless Lender and B�rrower a�herwise agre� in�riting, any ap�pli�a�ion of pro�eeds to principat shal�not extend
<br /> or postpone �he due date �f�he paymen�s r�ferred to �n �he section t�tled Payment of P�-inc�pa� �nd. Int�rest;
<br /> Prepaym�nt and. Late Charg�s �r���ange the am�unt af t�e pay}-nents. �:f under�he section titled Ac�elera�ifln;
<br /> �t�medies, the Praperty �s acqu�red by Lender, Borrovver's right�o any lnsurance polic�es and proc�eds resulting
<br /> fram damage ta�h�Pr�perfiy�ri�r to the acqui siti�n sha�l pass to Lender�a the exten��f the sums secured by th�s
<br /> Secur�ty�nstrument immedia�e�y prior�a the a�au�sxt��n.
<br /> Pr�servativn, �ain�e�an�e �r�d Pr��e��ion of tl�e I'ro�er�y; Borr�wer�s Loan App�ication; Leasehvlds.
<br /> Borrower shail no�:des�roy, dam�.ge or impair�he Fraperty, a��ow the Proper�y�o de�er�ora�e, �r��n�.mit was�e �n
<br /> the Property.Borr�v�er shall be in default if any f�rfei�ure action or proceed�ng,whether ci�il ar criminal,is begun
<br /> tha� in Len�er's good fai�h�udgmen� ��u�d resuit in forfeiture of�he Pr�per�y or otherw�se ma�erial�y impair�he
<br /> Iien created by this Security Instrumen� or Lender's se�urity in�eres�. Borrower may cure such a defaul� and
<br /> reinsta�e, as pr���de�in secti��n ti�led Burrower's I�igh��n �e��state, by caus�ng�he ac�i�n or prflceeding to be
<br /> d�smissed w��h a ruling tha�, �r�Lender's g�od fai�h determinat�on,precludes forfeiture of�he Borro�ver's in�erest in
<br /> �he Proper�y or ather ma�erial impairmen� af t��e l�e�� crea�ed by this Se�urit� Instrurr�ent or Lender's secur�ty
<br /> �n�eres�. �orrovver sha�l also b��n defau���f Borro�er,dur�ng�:he��an�pplicat��n process,gave mater�ally false�r
<br /> inaccura�e information or st�.�ements to Lender �or fai�ed �a pravide Lender v�i�h any materia� infarmati�n} �n
<br /> c�nnecti�n v�ith the �oan e�idenced by �he Not�. �f this Securi� Instrument is on�a leaseho�d, Borr�wer shall
<br /> comply w�th al�the pro�isians of�he �ease. �f Borrower acquires fee ti�le to�he Prop�r�y�,�he leas�ha�d and the fee
<br /> t��le shail not�rnerge un�ess Le�de�agrees to�he merger�n v�riting.
<br /> Protecti�n of Lenc�er's ltig�ts �n the Prope�ty. �f Borrower fails �n perfarm th� covenants and agreements
<br /> con�ained in th�s Security�nstrume���, or�here is a lega�procee�.ing�hat��nay significan�ly affec�Lender's rights in
<br /> the Property �such as a praceed�ng in bankrup�cy, pr�bate, for c�nd�mnation or forfei�ure or to enforce �aws �r
<br /> regu�ati�ns}, then Lender may do a�d pay for �hatever is necessary to pr��e�� the va�ue of the Property and
<br /> Lend�r's rights in the Prape�-ty. Lender's actions may�nclude paying any sums se�ur�d by a lien wh�ch has prior�ty
<br /> o�er th�s Security Ins�rumen�,appearing.�n cou��,pay�ng reasonable at�orneys'fees and enterxr�g on the Property�o
<br /> make repa�rs.A��h�ugh Lender may take ac�ian unc�er�his se��ian,Lender do�s no�ha�e ta da so.
<br /> Any amounts disburs�d by Lend�r under this sec�i�n s�al� become additi�nal debt �f B�rr�v�er secured by this
<br /> Se�urity Ins�rument. C�nless B�rr��er and Lender agree �o a�her �erms of paymen�, these am�unts shail bear
<br /> C�2�44-2�15 Compliance Systenis,Inc.�6BC-7�53-2015.3.5.�46�
<br /> Cor�sur�ier Rea�Estate-Sec��rity Instrun�ez�t DL2435 Pa�e 2 af 5 urww.�omp�iancesysterris.cQm
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