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2� 1 ���411
<br /> Paymen�of Principal and Inter�st; [lther Charges. Borra�ver shall pr�mp��y pay when due�he principa�of and
<br /> in�erest on the deb��wed under the�ontrac�and la�e char��es�3r a�y�ther fees and charges due under�he Con�ract.
<br /> App��cabl� Law. As used �n �his Se�uri�y Instrum�n�, the �erm "Applicable Lavv" sha�� m.ean a.Il contro�iing
<br /> app�icable f�dera�, s�ate and lflca� s�a�u�es, regu�a�ians, o�^d�n,�nces ar�d adminxs�ra�x�re ruies and orders �tha� have
<br /> �he effec�of�aw}as wel�as a11 applica�le fna�,non-appea.�a�i�jud�cial op�n�ons.
<br /> Char�es; L�enS. Borrower shal� pay aIl tax�s, assessments, charges, fnes and imposr�ions a�tribu�ab�e �� �he
<br /> Praperty which may at�a�n pr�ority aver th�s Security Ins�rum�nt, and leaseho�d paymen�s or graund rents, �f any.
<br /> A�the r��ues�of Lender,B�rrflwer shall promptly furn�sh ta Iaender re�eipts evidenczng the payments.
<br /> Barrawer shall pramp��y dxscharbe an� lien�vhich has pr:iority over�his Secur�ty Znstrument unless Borr�w�r: �a3
<br /> abrees in �riting ta the paym�nt flf��e �bliga��on s�cured by the �ien in a manner accep�able to Ilender; �b}
<br /> contests in �ood fai�h the �ien by, or defends agains� en�-orcf;m�nt �f�he lien in, lega� prace�dings which in the
<br /> Lender's opin�an op�ra�e to pre�ent �he enfor�ernent af the I��n; or �c� secures from the halder af��he l�en an
<br /> a�r�ement satisfactory�o Lender subordinatznb�he l�en tc��his Securi�y�ns�rumen�. �f Lender d��ermzn.�s�hat any
<br /> part of�he Property is subject ta a lier� v�hich m.ay at�ain prior�ty over this Secur�t� �ns�rum�nt, Lender ma�give
<br /> Bflrrower a n�t�ce identifyinb�he Ixen. Borraw�r shall sat:�sf��he lien ar take �ne or more of the actio��s set f�r�h
<br /> ab4�e wi�h�n 1�days of�he g�v�n�of not�ce.
<br /> Ha�ard ar Proper�� Insurance. Barr�v�er shall keep�h�� �mprovements n�W exis��ng ar hereafter ere��ed on�he
<br /> Pr�perty insured aba�ns��ass b�fire,h�zards included withzn�Lhe term"ex�ended coverage" and any o�her hazards,
<br /> xnclud�.n� floods ar floodinb, f�r v�h��h Lender requ�re.� �n.�uran�e. This insurance sha�l be main�ai.ned xn the
<br /> am�un�s and far�he peri�ds�hat Lender requzr�s. The�ns��ran�e carr�er pravid�n��he ��surance sha�l�e chosen by
<br /> Barr�wer subjec� �o Lender's approva� whrch shaX� no� ��e u�lreasonably withheld. If Borrower fai�s �a main�ain
<br /> co�era�e described abo�e, L�nder ma.y, a� Lender's op�ian,, ob�axr� caverage to pr�tec� L�nder's ri�h�s in �he
<br /> Property in acc�rdance v�ith sec�ian ti��ed Pratect�on of L�ender°�R�ghts f n�he Proper�y.
<br /> A�l insurance p��xci�s and renewals sha�l be accepta��e �o L��nder and sha1l inc�ude a s�andard martg�.ge c�aus�.
<br /> Lender sha�� have the ri�ht t�ha�d�he polici�s and renewals. �f Lender requires, Borr�wer shall pr�mptly gi�e��
<br /> Lender a�� receip�s of pa�d premiums a�d ren�v�al notices. In the event of�oss, B�rravver shall g�ve pr�mp�natice
<br /> �o�he insurance carrier and Lender. L�nder may make praflf of�oss if nat made promptiy by Borrawer.
<br /> Unless Lend�r and Borrawer o�her�ise agree �n wri�in�, xn.�urance proceeds sha�� he applied to restoration ar
<br /> repair af the Praperty damag�d, zf, in Lender's soie disc�•etion, �he rest�ra��on or r�pa�r is ecanomica�[Xy feasib�e
<br /> and Lender's security is not Iessened. If, in Lend�r's sale dist:retzon, �he restora�io� or repair is no� ec�anom�cally
<br /> feasible or Lender's secur��vvouid be l�ssened,the insura��ce:�roceeds shall be app�ied�o th�sums secu:red by�his
<br /> Security �nstrumen�, whether or not then due, wi�h any ex�ess pa�d �o Barrawer. �f Borrav�er abandons �he
<br /> Yroperty, or daes not answer w��hin the number of days px�escrXbed by App��cab�e Lavc��s se�f��h in a r�o�ice fi•om
<br /> Lender to �orrower�hat the insurance �carrier has offered tfl �et�le a�laxm, �hen Lender may collec�thE, insurance
<br /> prflceeds. Lender may use �he proceeds to repair or res�ore �l�e Prop�rry or to pay sums secured by this S�cur�ty
<br /> �ns�rumen�;whe�her or not th�n due. The perxad of time for Bc�rrower�o answer as set far�h zn the n�tice vsrril be��n
<br /> wh�n�he natice is�xven.
<br /> Un�ess Lender and Borraw�r o�herwise a�ree �n wr��in�, t�ny ��.pplicat�on of proceeds�o princ�pal sha�l no�extend
<br /> or pastpone the due �ate of the payn�ents due under the C;ant�_•ac�or chanbe�he arn.ount of the payments. �f under
<br /> the s�c��an�i�led Ac�e�eration; Remec��es, the �roperry �s a���uir�d by Lender, �nrrav�ver's righ�to an�� insurance
<br /> policies and proceeds resu���ng from d�.mage t� �he Praper�y pr�ar t� �he acquisition shal� pass �o Lender to the
<br /> ex�en�af th�sums secured by th�s Secur�ty�ns�rurnen��m�r�ed�;��e�y prior to the acqu�s���on.
<br /> Preser�at�on, Mai��enance and Protection of the P�•�perty9 Borrower's Loan �,pplication; Leas�holds.
<br /> Borr�wer sha�l no� d�stroy, dama�� ar impa�r the Proper�.y, all�v��he Proper�y�a deteriora�e, �r comm�f�was�e on
<br /> the Pr�per�y. B�rrovver shai�be rn default�f any forf�iture ac���n or proceed�ng,whe�her c�vx�ar crimin��l,is begun
<br /> that xn Lender's good fai�h judgment could result in farfe��ur�, of the Proper�y flr otherw�se materi�.l�y impaxr the
<br /> lien creat�d �y th�s Security �nstrumen� ar Lender's sec,urity interes�. Borrnwer may cure such a d.efault and
<br /> reins�ate, as pro�ided�n sectian titled Borravcrer's R�gh� to F�eins�ate, by�aus�ng the ac�i�n or proce�.ding fo be
<br /> dism�ss�d wi�h a ru��n�tha�, in Lend�r's go�d fazth de�erminati:�n,pre�Iudes fflrfeiture��'�he B�rrovver's in�erest in
<br /> the Proper�y or o�her ma�erial xmpair�nent of�he lien �reat�.d by this Security Ins�ruxnent or Lend�r's security
<br /> �nter�s�. Borrawer sh�ii also be in defa�It if Borrower,durzng��he loan appiication process,gave ma�eriaily false or
<br /> inac�ura�e informatian or s�atements �o Lender �or fa���c� �a provide Lender with any materia� �nfar.ma��on) in
<br /> connectXon vvith �he loan e�idenced by the �flntract. �f�h:is S��curity �ns�rumen� is on a �easeh�ld, Borrower shal�
<br /> �omply with a�l the provis�ons af�he lease. �f Borrov�er acquir�s fee����e ta the Property,�he leasehfl�d��nd the fee
<br /> title shal�no�merge un�ess Lender agrees ta the mer�er in wri�ing.
<br /> Protection of Lender's Rights in �h� Proper�y. �.f Borrov��er fa�Is to perfarm �he covenants and a.greemen�s
<br /> cantained in this Security �nstrumen�, o.r there is a Xegal pr•oce�Wdxng that may s�gnifcan��y affe�t Le�der's rights in
<br /> the Proper�y �su�h as a pro�eed�n� �n bankruptcy, proba�e, ft�r ��ndemna�ion or forfeiture or to enfor�e �aws ar
<br /> re�u�ations}, �hen L�nder ma� do and pay for whatev�r �s ��ecessary �a prote�t the �alue nf the Prc�pez�ty and
<br /> Lend�r's ribhts in the Property. Lender's ac�ions may rnclude payinb any sums secured by a lien which has pr�arit�
<br /> over this Security�ns�rument, appearinb �n court, pay�nb r��asonab�e at�orneys'fees and enterzng on�he�'roperry to
<br /> make�epairs.A�th�ubh Lender may�ak�action und�r this sec��on,Lender daes not have�a do so.
<br /> Any a�nflun�s disbur�ed by Lender under this se��ian sha�l b��come add�tional debt af Borrawer secured by t��s
<br /> Security Instrument. Unless Borr�wer and Ler�der agree to ather terms nf�ayment, �h�se amounts shall bear
<br /> �2n�4-2015 Co�np�iance Systems,Ir�c.8C54-2D9a-201 S.]I.3.1098
<br /> Consurner ReaI Estate-Security Instrurner�t DL203G Pa�e 2��f 5 www.cornpl:ancesystems.com
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