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2� 1 ���35�
<br /> - Payment of Principa�and In�erest; �ther C�a�ges,Borrower s�all pr�mp�ly pay v�hen due the principa�of and
<br /> in�erest�n�he deb�tiwed under the�on�-act and late charges or any ather fe�s and charges due under the Con�ract.
<br /> A�plicabie Law. As used in �his �ecurity Instrumen�, the �er�n "Applicable Law" shai� m�ar� a�� contr��lzng
<br /> appl�cable federal, s�a�.e and lncal statutes, regul�.�ions, flrdinances and adn�inzstrative rules and �rders (tha�have
<br /> �he effec�af lativ}as�vell as a�l applica�ble f nal,non-appealab�e judicial opinians.
<br /> C�arges; Liens. Borrower shall pa� aIl taxes, assessments, charges, f�.t�.es and imposi�ians attr�buta.ble �o the
<br /> Property uThich may at�ain priarity fl�er this Secu.rity Instrumen�, and�easeho�d paymen�s ar gr�und rents, if any.
<br /> At the request of Lender,�orrower shall prompt�y furnish�o Lender receipts evidencing the payments.
<br /> Borrower shall prompt�y di�charge amy Iien�vhich has pri�rity�ver th�s 5ecuri�y Instrument un�ess BorrQwer: �a�
<br /> agrees �n wri�zng to the payment of the obl�g�tion secured by �he �ien in a manner acc�ptabXe �o Lender; �b�
<br /> c�n�ests in good fa��h �he lier� by, or defends aga�nst �nforcemen� of�he lien in, Iegal pr��eedings vvhich in �he
<br /> Lender's opin�on operate to prevent �he enfarcement af the Iien; �r �c} secu.res fr�m th� halder af�h� ��en an
<br /> agreemen�sat�sfactary t� L�nc�er subflrd�nating the lien�o th.is Security�nstrument. rf Lender determ�nes tha�any
<br /> par� of�he Proper�y is subj ect to a l��n vvhich m�.y at��.�n prinrity over th�s Securi�y�ns�r�.ment, Lender may give
<br /> Borrawer a notice iden�ifyi�g the lien. �3orro�wer sha�� sa�isfy�he �ien or�ake one or mor� �f the actions set forth
<br /> above vvxthin ��days o��he giving af nat�ce.
<br /> H�zard or Property Insur�nce. Borrflvver shall keep the improvemen�s n��v exzsti.r�.g ar hereafter erected an�he
<br /> Proper�y�nsured agains�loss b�fire, hazards in��uded w��.hin�he term"ex�ended c�v�rage" and any o�her hazards,
<br /> inc�uding #�oods �r floodi.ng, for Whi�h Lend�r requires insurance. This insurance shall be ma�ntained in �he
<br /> amounts and for the per��ds that Lender requires. The insuran�e carr�er praviding the insurance shall be chosen by
<br /> Borrawer sub�ect tfl Lender`s appr�val �vhich sha�1 nat b� unreasona��y wi�hhe�d. �f Barrower fails ta main�ain
<br /> coverage described ab�ve, Len�er may, at Lender's op�ion, �btain coverage ta protect Lender's r�gh�s in �he
<br /> Praperty in accordance With sec�ior��itled Protecti.on of Lender's Rights in the Property.
<br /> 1�I� insurance po�icies and renevvals �hall be acceptable to L�nder and shall inc�ude a standard mor�gage c�ause.
<br /> Lender sha�l have the r�gh�t�hfll�i�he p�Iicies and renewals. If Lender requ�res, Borro�er shal�promp�ly g�ve ta
<br /> Lender al�receip�s af paid pr�m�uxns and reneu�ai notices. In�he �v�n�af�oss, B�rrnu�er shall give prompt n�tzc�
<br /> to the insurance carrier and Lender,Lender m.ay mak�proof of loss if not made promp�ly by B�rroWer.
<br /> Un�ess Lender and B�rro�ver o�herv�ise agree in writing, insuranc� proceeds shall be applied to restaratzon or
<br /> repair of the Proper�y damaged, if, �� Lender's s��e discre�ion, �he res��ra�ion or repair �s econam�cal�y feasible
<br /> and Lender's se�uri�y is not �essenede If, in Lender's s�Ie discretinn, �he restora�ian o.r rep�.ir is n�� ec�nomically
<br /> feas�b�e or Lender's sec�rity Would b��essened,the insurance pr�ceeds sha�i be applied to�he sums secured by�his
<br /> S ecurity �nstrument, vvhether ❑r no� then due, �vith any ex�ess paid �� B orrnwer. If B�rravver abandans �he
<br /> Proper�r, �r d4es�a��answer w�thin�he number af days prescribed by Appl�cable La�r as se�farth in a notice from
<br /> Lender�o Barrovsrer tha�the insurance carr�er has offered�� �et�le a claim, �hen Lender ma�co�Iec��he �nsurance
<br /> prflceeds. Lender ma�r�se �he proc�eds to repair�r res�ore �he Pr�per�y or�o pay sums sectu ed by t�iis Securi�y
<br /> �nstrumen�,whether ar not�hen due.�he perzod fl�'time for B�rrower to ans�er as se�for�h�n the na�ice wil�begin
<br /> when�he natice is give�.
<br /> Uniess Lender and Bor�ower atherwise �gre� in wri�ing, any applicatzon of pr�ceeds to principa� shall n�t extend
<br /> �r postpone�he due date of�he paymen�s due un�er the�Contirac��r change �he amaun�o�'the payments. If under
<br /> the sectran titled Ac�el�rati�n; Remed�es, �he Prope�.y zs acquired by Lender, Borrower°s r�gh�to any insu�-ance
<br /> policies and proceeds resul�ing from �.ax.nag� �❑ the Property priar to �he a��uis��ion shall pass to Lender �a �he
<br /> exten�of�he sums secured by�his 5ecurity Instrument immediately pri�r�o the acquiszt�on.
<br /> Preservat�on, Maintenanc� and P�otect�.on of the Proper�y; Borrower's L�an App�i�ation; Leaseholds.
<br /> Borrower shall not des�roy, damage ar impair the Prop�rty, allavv the Proper�y�o deteriarat�, or comm�t was�e on
<br /> �he Property. B�rrvvver shall be in defaul�if any forfeitu�-e ac�i�n or proceeding,whe�her civ�1 ar criminal,is begun
<br /> that in Lender's gaod fai�h�udgment cot�ld resul�in forfe�ture of the Propert� or v�he�-vv�s� ma�erial�y�mpa�� the
<br /> ��en created by this S�cur��.y �nstrumen� or Lender's secur�t� interest. Borrower may cure suCh a defau�t and
<br /> reinstate, as pr�vided in secti�n titled B�rrov�ver'� Righ� to �.einsta�e, by causing�he actian or proceeding to be
<br /> dismissed with a ruling�ha�,in Lende�-'s good faz�h de�ermina��on,precludes forfeiture�f the Borrower's zn�er�st in
<br /> the Proper�y or other xna�erial impairrnen� of th� lien created by this Securi�y Instrumen� or Lender's secur��y
<br /> �n�eres�.Barrower sha�l also be in default if Borro�ver,during the loan applicat�on pracess,ga�re mater�ally false or
<br /> inaccura�e informa�tion or s�a�ements �o Lender �nr fai�ed to provide Lender vvi�h an� m�.�er�a� informa�i�n} �n
<br /> connec�ian with the Ioan evidenced by the Con�ract. If�his Security Ins�rument is on a Ieaseho�d, Borrov�er shall
<br /> comply with aII the provisions af the leas�. If Borrv�r�r acquires fee��t�e��the�raperty,the Ieasehold and the fee
<br /> ti�l�shall not merge un��ss L�nder agrees�o the m�rger in writzng.
<br /> Prot��txon of Lender's Rights in the Propert�. �f Borrourer fails to pe�form the c�ve�an�s and agreements
<br /> conta.zned in th�s 5ecur��y Ins�ru.m�nt, or�here is a�ega�proce�dzng tha�may significan�ly affect Lender's r�gh�s in
<br /> fihe Proper�y �such as a praceeding z�a bankrupt�y, proba�e, for �ondemnati�n or forfe��ure or �o enfflr�e laws or
<br /> r�gu�a�i�ns}, then Lender may d� and pay for what�ver is necessary to pro�ect the valu� of the Proper�y and
<br /> Lender's rights in�he Property. Lender's ac�ions may zriclude paying ar�y sums secured by a lien u�hach has pr�ori�y
<br /> �ver�his Security Ins�rument,appea.ri�g in cvur�,paying reas�nab�e att�rneys'fees and entering�n the Proper�y�o
<br /> make repairs.Although Lender may�ake act��n under�his sec��on,Lender do�s not have to d�s4.
<br /> Any amaunts disbursed by Lender under �his s�c�ion shal� became additional debt Qf Borrov�er secured by �h�s
<br /> Security Ins�rument. Un�ess B�rrovv�r and Lend�r agree t� ather �erms of payment, th.ese arn�unts shall bear
<br /> Q 2044-2��S Cvmpliance Systems,Inc.8C54-GB36-2Q 1 S.I 1.3.1098
<br /> Cansumer Real Estate-Secur�ty Instrurr3ent DL2036 Page 2 vf 5 www,cQmp�€anGesystems.com
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