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2� 1 ���4�7
<br /> Payment of Princi�al and In�er�st; �th�r Charges. Barra�ver shal�promp�Iy pa}�when due the pr�.n.cipa�of and
<br /> interes�on the deb�a�ved under�he�on�ract and Ia�e charges�r any��her�ees and charges due under��e C�ntrac�.
<br /> Applicable Law. As used in �his Security Instrurn�n�, the �errn "Applica�ble Law" sha�l mean all con�ra�ling
<br /> applicable federa�, state and local s�atu�es, r�gulations, ord�nances and adminis�rative rules and order� �that have
<br /> the eff�ct nf la�v�as we�l as al�applicable final,n�n-appe�.lable�ud�cial opinions.
<br /> �harges; L�ens. Borravver sha1l pay alI taxes, assessments, charge�, fines and impositi�ns at�ribu�.l�le �v the
<br /> Prn��rty which may a��aua.pri�ri�y over this Security�nst�u.m.ent, and leasehold paymen�s ar gr�und rents, if any.
<br /> A.t�he request of Lender,Borrower sha��pra�npt�y furnish�o L�nder r�ceip�s evid�ncing�he paymen�s.
<br /> Borrower shali promptly d�scharge any I�en wh�ch has pri�ri�y�ver�his Secur��y Instrument unless B�rrower: �a}
<br /> agrees in writing to the paymen� af the obl�ga�i�n secuxed by the lien in a manner accep�able to Lender; (b}
<br /> con�ests ir� go�d fa�th the �ien by, �r t�efends against en�orc�men� of�he lien xn, legal praeeedings wh�ch zn �he
<br /> Lender's opinion ap�ra�e �a prevent the enforcement af the �ien; ar �c} secures.from t�.ie h�lder�f�.ie lien an
<br /> agreem�nt sa�isfac�ory�a Lender subardinating the 1�en�o�his Security Instrunzent. If Lender de�ermir�e�that any
<br /> par� of�he Proper�y is subject to a lzen which rnay attain priarity ��er th�s Secur�ty Ins�rumen�; Lend�r may give �
<br /> B�rrativer a no�ice identzfying�he �ien. Borrow�r sha�� sal:isfy the lien or�a�e one or more of�he actio�s set for�h
<br /> abave Wi�hin 1 D days of the giving of notice. �
<br /> Hazard or propert�Insurance. Borrawer sha�l keep th� improvemen�s nflvv existing or hereafter ere��ed on the
<br /> Property insured agains�loss by f re,hazards incZuded within�he terrn"ex�ended caverage" and any other hazards,
<br /> xnclud�ng f��ads or f�aoding, fflr which Lender requires insu.rance. This insurance shall be ma�nta�ned in the
<br /> amoun�s and for�he perz�ds that Lender requires. The insurance carrier prvviding�he insurance shall be chosen by
<br /> Borroyver subject ta Lender's appr�vai vvhich shal� nfl� be u�reasonab�y withhe�d. If B�rroWer fa�1s �o maintain
<br /> coverage descr�bed above, Lender may, at Lender's option., abtain coverage �a prn�ect Lend�r's ri�hts in the
<br /> Property in acc�rdance wi�h sect�an titled 1'rfltection nf I.�ender's Righ�s in�he Proper�y.
<br /> A�� �nsurance po�icies and renewals shall l�e accep�able to L�nder and sha�l include a s�andard m�r�g�.ge clause.
<br /> Lender shal�have�h�right to hald the policies and renewa�s. �f Lenc�er require5, Borrower sha��praxriptly give�o �
<br /> Lender aI�receipts of pai�premiums and renewal natices. �n the even�of�oss, Borravver shall give pr�mp�nat�ce
<br /> �o the�nsurance carr��r and Lender.Lender may make proof of Ioss if not made promptly by Borravver.
<br /> Unless Lender and �3orrflv�e� o�herwise agree in writ�ng, �nsuxance praceeds sha1l be applied to res�or�ti�n or
<br /> repair of the Properfy darnaged, if, �n Lender's so�e discr�tian, t�e res�ora�ian ar repair is economica�ly �'eas�ble
<br /> and Lender's securit�r is not lessened. �f, �n Lender's s��e dis�r�tion, �he restora�i�n vr repair is no�ec�namicall�r
<br /> feasible or Lender's security would�e lessened,the insura��e p�flceeds sha�l be applied to the sums s�cured by�his
<br /> Securit� Instrument, whether or not ther� due, wi.th any excess paid �o Btirr�v�er. If Barrawer abandons �he
<br /> Property, or does not ans,wer w�thin the number af days prescribed by App�icable Lav�r as set forth�n a no�ice from
<br /> Lender to Borrower�ha�the insurance�arrier has offered�� �et�le a cla�m, then Lend�r may col�ect th�znsuxarice
<br /> prflceeds. Lender may use �he proceeds to repair ar res�ore t�e Pr�per�y or�o pay sums secured by th�s Security
<br /> �nstrument,whe�her or nQ�then due. The period of�ime f�r B�rrawer to answer as se�forth in the nn��ce�v�ll begin
<br /> when the natice�s gi�ren.
<br /> Unless Lender and I�orrov�rer ather�vise agree in writing, any appl�cat��n of proceeds to princ�pa� shaX�no�ex�end
<br /> ar postpane�he due �.a�e of the paymen�s du�under the Cont�ac�or chang�the amoun�of th�paymen�s. If under
<br /> �he sec�ion���led A�celerat�on; Rem�dfes, �he Praper�y is ac�qu�red by Lender, BarraWer's righ�to any insurance
<br /> p��icies and pr�ceeds resulting fram damage to �h� Proper�y prior �� the acqu�sition shal� pass �a Lender to the
<br /> exten�t Qf the sums se�ured b��hi�S�cu.rity Ins�rument immedia�ely prior�o the ac�uisi��fln.
<br /> Preservat�on, Maxn�enance and Pr�tec�ion of the Property; Barrower�� L�an Applica��on; Leas�holds.
<br /> B�rrau�er shall no�d�stray, damage or impair the Proper�, a�la�r�he Prop�r�y to de��riorate, or�amrn��v�ras�t� on
<br /> the Property.Borro�ver sha�l�e in default if any forfei�ure action ar pro�eeding,�vhether civ�I Qr crimina�,is begun
<br /> �hat�n Lend�ris g�fld faz�h�udgrnen� cauld result in forfeitur� of�he Proper�y ar ��herwise ma�er�a�ly impazr the
<br /> lien created by this Securi�y �nstrumen� or Lender's security in�erest. Barrov�er ma.y cure such a defauXt and
<br /> r�instate, as pravided in sect�on titled Barro�ver's R,ight to l�einstate, by causing the action or proceeding t� be
<br /> disrn�ssed w��h a ruling�hat,in Lender's good faith determina��on,precludes forfei�ure�f the Borro�uer's zn�erest in
<br /> the Praper�y or ather ma�er�al impairment of�he �ien created by �his Securi�y rn��ruimeri� or Lender's security
<br /> � �n�erest.Borrourer sh�.11 also be in default if Borr�wer, during the lnan applica�ian pr�cess,gave mater�a��y false or
<br /> �na�cura�� informa��an or s�atements to L�nder �ar failed to pravide Lender vvith any ma�er�al infor�ria�ion} ixz
<br /> cvnnec�ion w�th the ��an evidenced by the �on�ract. If this Securi�y�ns�rument is on a Ieaseha�d, Barrower shall
<br /> comp�y�vith al��he provisi�ns af the Iease. If Borrotiver acqu�res fee��tle t�the Proper�y,the�easehold�nd the fee
<br /> �i��e shall not merge un�ess Lender agrees��the merger zn�wri��ng.
<br /> Pr�te��iQn of L�nder's Right� in the Propert�. �f B�rrovsrer fails ta perform �he covenan�s and agreerrients
<br /> canta.ined in�his �ecurity Znstrumen�, or�here�s a I�ga�proce�ding that ma�signif�can��y affec�Lender's righ�s in
<br /> the Praperty �such as a proceed�ng in ban�ruptcy, praba��, for �ondemnation or forfeiture ar to enfor�e IaWs ar
<br /> regulations�, then Lender may da and pay far vvhatever is necessary �o prflt�c� �he value of the Prope�-�y and
<br /> Lender's r�ghts in the Propez-�y. Len�.er's acti�ns may incTude pay�ng any su�ns secured by a Iien v�ihxch has priori�y
<br /> �ver this Security�ns�ru.rnen�, appeaxing in court,paying reas�a�able attorrieys'fees and�n�ering on�he Pr�perty to
<br /> mal�e repairs.Although Lender may�ake action under this sect�on,Lender does riat have to�o so.
<br /> Any amounts disbur�ed by Lender under this section shall b�came additional de�bt of Borrav+�er secured by th�s
<br /> 5ecur�ty �nstrument. Unless Borrower and Lender agree ta o�her terms of payment, �hese amounts shall bear
<br /> C�24Q4-2�15 C�mpiiance Systems,Inc.8C54-57I4-20I5.11.3.lag8
<br /> Cansumer Real Estat�-Security In4truinen#DL2�36 Pa�e 2 of 5 www:campliancesystems.c�m
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