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.2� 15�8224
<br /> en�❑�'Princi al and Interest; �ther Ch�rg�s.Borr�wer shall promp�ly pay when due the principal�f and
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<br /> in�erest on�he deb�a�ed under the Contrac�and la�e�harges or any oth�r fees and charges due under the�ontract.
<br /> A I��ab�e lLaw. As used in �his Securil�y �ns�ru�nen�, �he �erm "Ap�l�cab�e Lav�'' sha�l mean a�� cantroll�ng
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<br /> a l�cable ��dera�, s�ate and I�ca1 sta�utes, regu�a�:ians, ordinan�e� ax�.d admi�istrat�ve rules and�rders �that have
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<br /> the ef�'ect�f law}as wel�as all appl�cable firaa�,non-appealable j udic�a�op�n�ons.
<br /> Char �s• �ien�. Borr��rer sha�l pay all �axes, assessments, charges, �nes and imp�sitions a�t�'�butable to the
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<br /> Pro er vv��ich ma attain priori�y �ver th�.s Se�uri�y �ns�ru-men�, and leaseho�d paymen�s or graund ren�s, �f any.
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<br /> 1��the request�f:Lender,B�rrow�r sha�l promp�I�fu.rn�sh�o L�nder receipts e��denc�ng�h�pa�ments.
<br /> Borrower�hai� ran� �� discharge any lien vvhich has priori�y o�rer this Security Instrumen�unless Borrower: �a}
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<br /> a rees in wri��n to the paymen� of the o��igati�n secured hy �he l�en in a manner acceptab�e �o Lender; �b�
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<br /> contests �n ood faith �he l�en by, ar defends agains� enfarcemen� �f the �ien �n, legal proceedings �vhi�h in the
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<br /> Lender's o inion o era�e ta preven� the enf�rcement of the �ien; �r ��} secur�s from fihe h�Ider of the Iien an
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<br /> a reemen�sa���fac�ary�o Lender subordina��ng�h� �ien t��his Securi�y Ins�rument. If Lender de�erm�nes tha�any
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<br /> art af�l�e 1'r� er is sub�ec�ta a �ien vvhich may at�ain pr��rity �ver this Security �nst�rument, Lender may g�ve
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<br /> BQrrower a no�ic� identifying the Iien. Borr�wer s�a�l satisfy�he l�en or take one or mor� of the actions set forth
<br /> abo�e v�i�hin ��days af�he g�ving of n��ice.
<br /> �Ia�ard or Pro �rty Insurance. Borrower shal� �:eep�he �mproveme�ts now existing�r hereafter erect�d on the
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<br /> �ro er �nsured a ainst Ioss by fre,ha2arc�s in�luded v�i�hin�he term"e�tended co�erag�" and any ather hazards,
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<br /> �ncludir� �floods or flo�ding, for which Lender requires insura�ce. This insurance sha�� be main�ained �n �he
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<br /> arnoun�s and far the per�ods that Lender requires. The�nsur�n�e carrier provxd�ng the insurance shall be chosen by
<br /> B�rrawer sub'ec� �o Lender's appro�ai which shall not be unreasona�ly w��hhe�d. �f B�rrovver fai�s �o maintain
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<br /> �overa e described ab�We, Lender may, a� L�r�der's op�tion, ob�ain cfl�erage t� protec� Lender's righ�s �n the
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<br /> Pr��er�y�n accordance with s�ct�an t�t�ed Pro�ec���n�f Lend�r's�tights in t�e Property.
<br /> A�I insurance a�icies and �enewals shall be accep�able to Lender anc� shal� include a standard mortgage clause.
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<br /> Lender sha11 have�he right t�ho�d�he policies a�d renewa�s. �f Lende�-re�uires,Barrav�rer shall pron�p�Iy give�o
<br /> Lender a�l receipts af paid pr�m�ums and renewal na�ices. Ir��c��e event of Inss, Borra�rer sha�I�ive pr�mpt natice
<br /> �o�he insurance carrier and Lender.Lender may rna�e pro�f of�oss if no�m�ade promptly by Borrower.
<br /> Unless Lender and B�rrower o�herwise agree in writing;, insurance praceeds sha1� be �pplied �� rest�ra�ion or
<br /> re a�r of�:he Proper�y damaged, if, �n Lender's sale discretian, the res�ora�ion or repair �s ec�nomica�iy feasibXe
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<br /> and Lender's security is no� lessened. �f, in Lender`s sole discre�ion, ��e res�ora�ion flr repa�r is not econ�m�cai�y
<br /> feasible or Lender's security would be lessened,the insurance pr�ceeds�hall be app�ied t�the sums secured by�h�s
<br /> Security Instrumen�, �he�her or not �hen ciue, w��h any ex�ess pa�d to B�rrower. �f Bflrrower aband�ns �he
<br /> Pro erry,�r does not answer within the�number of days pres�rx�ed by�pplicable Law as set for�h�n a noti�e fram
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<br /> Lender ta Bo�-ra�ver�hat the insurance carrier has ��'fered to settle a claixn, then Lender may co�lect�he �nsurance
<br /> pro�eeds. Lender may use �he proceeds ta repair or res�ore �he PraperCy or t� pay sums secured �y �h�s Se�ur��y
<br /> Instrument,vvhether or n�t th�n due.Th�p�r�od�f�ime for Borrov�er��ansv�er as se�f�r�h in�he not�ce wi�1 begin
<br /> when the�at�ce is gi�en.
<br /> Unless Lender and Borravver o�herWv�se agree in v�ri�ing, any app�ication �f pro�eeds tv principa� sha�� no�extend
<br /> or postpone t�e due dat�of�he paymen�s due under the �on�ract ar change�he am�un�of the payments. �f under
<br /> �he sect�on titled Acc�lera�ion; R.emedies, the Proper�y is acquxred�b�Lender, Barrower's r�gh�to any insurance
<br /> p�licies and proceeds resul�ing from damage �o th� Pr�perty prior �o �he aCquisi�xon shai� pass �o Lender �o �he
<br /> e��en��f�he sums secured by this Security�nstrumen�immed�a�eiy pr�ur ta�he acqu�s�tio�.
<br /> Pres�r�a�inn, 1Vla�nte�ance and Pro�ection �f �he �roper�y; Borrower's �L�an App�ica�ion; Leaseho�ds.
<br /> Borrower s�iall not des�roy, damage ar impai�-�he Praper�y, a11Qw�he Prflperry�a deteriorate, or��mmit waste �n
<br /> �he ProperCy.B�rrov�er shall be in defau�t if any forfeiture action flr pr�oceeding,v�h�ther C��il�r cr�minal,is b�gun
<br /> that in Lender's gaod fai�h�udgment cou�d resutt in forfe�ture �f�he Prape�-ty �r o�herv�ise rr�aterialiy im�air the
<br /> lien crea�ed �y �his Security �nstrumen� or Lender's security i7�tere�t. B�rrav�er may cure such a defaul� and
<br /> reinsta�e, as pravided in sec�ion ti�Ied Borrower'S �igh��o Ia�in��at�, by caus�ng�he �.�tian or proce�d�ng t� be
<br /> d�smissed wi�h a ruling that, in Lender's good fa�t�deter�nination,prec�udes f�rfei�ure of�he Borr�wer's�nterest in
<br /> �h� Prap�r�y or �ther ma�erial impairmen� of�he �ien crea�ed by this Se�ur��.y �ns�rumerit or Lender's security
<br /> interest.Borrow�r shal�also be in defau��t if Bar�-ower,during the�oan application pracess,ga�e materia�ly fa�se�r
<br /> �nac�ura�e xnforma�ion or statements ta Lender �ar failed �o �rovid� Lender w�th any material �nf�rma�ion} in
<br /> c�nne�tion�ith the loan e�idenced b�the Contr�ct. Yf�h�s Security Instru�nen�is on a leasehold, Barr�w�r sha��
<br /> c�mp�y v�ith aii�he provisions of the lease. If�3orrawer acquires fee��tle to th�Property,�he��asehold and�he fee
<br /> �i�le sha�l not merge unless Lender agrees ta��e merger in vvri�i�g.
<br /> Pr�tection uf Lender's R�ghts �r� the Property. �f Borrawer fails ta perform �he covenan�s and agreements
<br /> conta�ned in this Security�ns�rumen�, or there �s a lega�praceeding that may significan��y affect Lender's r�gh�s �n
<br /> the Prap�rty (such as a pr�ceeding in hankrup��y, proba�e, far cond�mna�ion ar forfeiture or�� enforce �av�s or
<br /> regula�io�ns�, �hen Lerider may do and pay far w��a�.ever is necessary t� pro�e�� �he �alue �f�he Propert}� and
<br /> Lender's rights�n��3e Prape�-�ty. Lender'�a�tions may include�aying any sums secured by a�ien v�hich has priori�y
<br /> �ver���is Secur�ty Ins�rument, app�aring in court,pa�ing reasonable at�orneys'f�es and entering on the Property�o
<br /> ma�e repairs.Aithough Lender may�a�e ac�ian under this se�tio�,I.lender does no�haWe ta d�s�.
<br /> Any amoun�s disbursed by Lender under �his sec�i�n sha1� become add��iona� debt �f B�rrower secured by �his
<br /> Secu�r�t� �nstrumen�. Unless Borr�v�er and Lender agree �o o�her �erms �f payment, �hese amoun�s sha�I bear
<br /> Q Z044-Z�I 5 Cam�iiance Systems,Inc.aSCB-A73 5-2Q 15.1 I.q,l�92
<br /> Cons�rner Real Estat�-Sec�rity Instrument DL2�3b Pa�e 2 of 5 www.compliancesystems.cam
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