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2� 15�8538
<br /> Payment of Principal and In�erest; Dth�r Charges.�3orrower sha�l prQmptly pay i�hen due the principal�:�and
<br /> zrn�erest on the debt ovved under�he Con�ract and la�e charges or any Qther fees and charges due under the�on��ract.
<br /> Applicab�e Law. As used in th�s Securi�ty Ins�ru.men�, the term "Applicab:�e La�r" shall xnean a�� con�ra�I�ing
<br /> app�icab�e federa�, sta�e and laca� s�atutes, regula�ions, ordinances and adminis�ra�ive rules and orders ��ha�have
<br /> the effec�af�avv}as vvell as a��applicable f�nal,non-app�alable judicial Qpin�oa�s.
<br /> Charges; Liens. B�rra�wer sha11 pay a�I �axes, ass�ssments, cha�g�s, fine� and imposi�i�ns att���autable �o th�
<br /> Pr�perty wh�ch may attaz�priarity�ver�his 5ecur��y Ins�rum�nt, and leaseha:�d payn�.ents or ground rents, if any.
<br /> At the request of Lender,B arrotiver sha1��rompt�y fiu�n.ish�o Lender r�ceipts��videnc�ng�he paymen�s.
<br /> Borrvu�er shal�promp�ly discharge any l�e�uT�.ich has prior�ty�ver�his Sec�a��ty Ins�rumen�unless I�arrflv�e�: �a}
<br /> agre�s in writ�ng to the paymen� of the obligation secured by �he Iien in a. manner acceptable �o Lender; (b}
<br /> con�ests in go�d fai�h the �ien by, �r defends aga�nst enforcemen� �f�he li�r� �n, Iega1 proceedings whi�h in the
<br /> Lender's �pini�n operate ta prevent the enforcem.ent of the Iien; or �c� se���res fr�m the halder af�.ie ��en an
<br /> agreement sa�isfactory to Lender subordina�ing�he l�en�� �his Security Instrumen�. �f Lend�r de�ermines that any
<br /> par� af the Property�s subj ect�o a lien which may at�ain pr�ority over �his ��;curi�.y Instrumen�, Lender may give
<br /> Borrovver a not�ee iden�ifying the Iien. BorroWer sha�l sat�sfy the Iien or tak��ne or mare Qf th.e act��ns se�f�rth
<br /> above vvithin ��da�s of the giving of notic�.
<br /> Haz�.rd or Property Insur�n�e. Borro�v�r shal�keep the improvemen�ts no�v exis�ing ar hereafter erected o�the
<br /> Pr�perty insured against loss by fre,hazard�ir�c�ud�d within�he term"ex�end��d coverage" and any other ha�ards,
<br /> including floods or fl�oding, for which Lender re�uires insurance. This insurance shall be maintained in �he
<br /> amflunts and for the periads�ha�Lender re�uires. The insuran�e carrier providing the insurance sha��be chos�n by
<br /> Borrovver subj ect to Lender's appr�val tivh�ch shal� no� be unreasonably wi���held. If Borr�vver fa��s �o ma���ain
<br /> coverage described above, Lender may, a� Lender's opti�n, ob�ain cvver��;e to protect Lender's rights in the
<br /> Pr�perty in accorda�ce wi�h s�ct�fln titled Protection vf Lender's R�gh�s�n���e Proper�y.
<br /> A�l insurance po��c�es and reneura�s shall be acceptable �� Lender and sha�� i.nclude a standard mortgage cl�use.
<br /> Lender sha�i have�he r�ght t�ho�d the po�i.cxes and rene�vals. If Lender requ�re�, Borro�wer shall pr�mpt�y g��re to
<br /> Lender al�rec�ipts of pazd prem�iums and ren�wal na�ices. Zn�he even��f�o�s, Borrov�er sha�l give pro�rnp�n����e
<br /> to�he in�urance carrier and Lender.Lender may make prnof of Ioss if n�t mad��promp�ly by B orro�rer.
<br /> Unless Lender and Borrower otherwise agree 1T1 W�'1�1rig, insurance procee�d� sha�I be applied to restarat�an or
<br /> repair af the Proper�y damaged, �f, zn Ler�der's sale discretian, the res�oratia:� or repair �s economi�ally f�asible
<br /> and Lender's securiCy is nat �essened. If, in Lender's sole discretion, �he restoratzon or repair is n�t economi�ally
<br /> feasib�e or Len�ier's security would be less�ned,the insuran�e pr4ceeds shal�b��app��ed�o�he sums s�curec�b�this
<br /> Sec�ri�y �nstrum.en�, whether or nat �hen due, with any excess pa�d �o �c}rra�rer. If Bnrrawer abandons �he
<br /> Property, or does not a�swer wi�h�n the n�mber af days prescribed by App�icab�e La�v as se�forth in a no�ice from
<br /> Lender to �arrflwer�hat the insura.�ce carrier has affered ta se�tle a claim, th��ri L�r�der xnay co�le�t�he insurance
<br /> proceeds. Lender may use �he proceeds to repair or res�ore �the PrQperty or tc� pay sums secured by�h�s Secu.rity
<br /> �nstrument,tivhe�her�r nat then due.The p�riod of time for Borrotiver to ansv�er as set forth in�he not�c�wi�l beg�n
<br /> when�he no�ice is given.
<br /> Unless Lender and Borrov�rer o�herwise agree in wri��ng, any app��cation of p��oceeds to princ�pal sha1��o�e�xend
<br /> or postpone �he due date of the paymen�s due under�he Con�ract or change�r�e amoun�of�he paymentis. �f under
<br /> �he section���1ed Accelerati�n; Remed�es, the Property is acquxred by Lender, Borr��uer's r�ght to any�nsurance
<br /> pol�cies and proc�eds resu��ing fram damage ta the Proper-ty pri�r tv �he acc�uisi�ion shall pass �� L�r�der to �he
<br /> ex�en�flf the sums secured by this 5e�urity�nstrument irnmedia�ely priQr to the acquisi�ian.
<br /> PreServat�on, Ma�n�enance and Prflte��i�n of �he Praperty; Borrowe�'s L�an App���at�on; L�a�eh��ds.
<br /> Borrower sha11 not destroy, damage ar impair the Property, allov�the Prflpert�T to de�erzorate, or c�mmit was�e on
<br /> �he Prapert�.Borrawer sha��b�in defaul��f any farfei�ure action or praceedin�;,whe�her civ�l ar criminal,is begun
<br /> �hat in Lender's goQ d fa�th j udgment �au1d resuit in farfe��ure of�he Prop er�T or ��herwise ma�erial�y imp air the
<br /> �ien created by �his Securi�y Instrument or Lender's �ecuri�y �nteres�. Barrt��ver may ct�.re �uch a def�.ul� and
<br /> reinstate, as provided�n sec�ion tit�ed B�r�ower�s Righ� �a Reins�a�e, by ca��s�ng the act�on�r pr�ceeding�o be
<br /> dismzssed wi�h a rul�ng�hat,in Lender's go�d fa��h de�erminatian,prec�udes farfeiture of the Borrower's inter�s�in
<br /> the Pr�perty or ��her rnateria� �mpairment of�he Iien created by th�s Security Ins�rumen� or L�nder�s security
<br /> �nter�s�.Borrovver shall a�sa be in defaul�if Borrou�er,during�he laan applica�ion pr�cess,gave ma�erially fa�se or
<br /> inaccurat� �nfarmat�on or statemen�s �o L�nder �ar failed to prtivi�e Lend��� �v�th any ma�er�ai �nforma�ion} in
<br /> cannection wi�h the �oan evidenced by�he �antract. If�.h�s�Se�urrty Instrum��lt is an a�easehold, Borr�wer sha�l
<br /> �omp�y ur�th aII the provisions af the Iease. If Bnrrawer acquires fee title���h�,Prop�rty,the�easehold and th�fee
<br /> title sha1l not merge un�ess Lender agrees��the merger in wri�ing.
<br /> Protec�ion of Lend�r's Rights in th� P�roperty. If B�rrower fai�s to perf�rm the covenan�s and agreemen�s
<br /> cantained in this 5ecuri�y�nstrument, or there is a legal proceeding that may signif cant�y affect Lender'�rig�nts in
<br /> the FroperCy �such as a proceeding �n bankruptcy, proba�e, for condemnatian ar forfei�ure or �o enforce Xaurs or
<br /> regulations}, �h.en Lender may do and �a� for whatever is necessary �o pr��tect the value of the Prop�rty a.nd
<br /> Lender's rzgh�s in the Property. Lender`s�.c�tions may include paying any surns�ecured by a li�n�w�ich has pri�rzty
<br /> over this Se�urit�Instrumen�, appeaxing in caurt,paying reas�nable at�arn�y�'fees and en�er�ng an the�roper�y��
<br /> make repairs.Al�hough Lender may ta�e act�on under th�s sec�ion,Lender do�z�nat have�o do so.
<br /> Any amou.nts disbursed by Lend�r under �his sec�ion sha�l become addi�ianal deb� of B�rrower secur�d by th�s
<br /> Se�urity Instrument. Unless Barrower and Lender agree to ��her �erms of paymen�, �hese amoun�s sha�i bear
<br /> C�ZO��-2�15 Compliance Systems,Inc.8CS4-5 i CC-2015,11,3.t 09$
<br /> Cansumer Real Estate-Security Instrument DL203d Page 2 of 5 www,�vmpliaz��esysteins.com
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