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2� 1 ���95�
<br /> Payment of Princ�pal and Interest; �t�er Ch�rgeso Borro�rer sha��promptly pay vvhen due the princzpa�of and
<br /> in�erest on�he debt owed under�he Cnntract and�a�e c�.arges ar any ather fees and charg�s due under the�antrac�.
<br /> Ap�li�able Law. As used ir� �his S�cur�ty Ins�z�u.ment, �h� term "App�icab�e Law" shal� mear� all contr����.ng
<br /> applicable federa�, sta�e and local sta�utes, regu�a�inns, flrdinances and a�lmin�s�-a�ive ru�es and arders �that have
<br /> �he effect of 1aw}as�re1�as all app�icable final,nan-appealable�udicia�opini�ns.
<br /> Charges; L�enso BorroWer sha�l pay a�� �axes, ass�ssmen�s, charges, fines and impositions a��ributab�e �o �he
<br /> Pr�perty whzch may attain praority over�hi� Security�nstrum�n�, an��easeh�ld paym�n�� �r ground rents, if any.
<br /> At the request of Lender,Borrov�rer sha1�prompt�y furnish to L�nder receipts�videncing�he paymen�s.
<br /> B�rro�vver sha�l promp���d�scharge any lien vvhich has priorit��ver this Security Ins�rumen�unless B�rrower: �a}
<br /> agre�s �n �ri��ng to the payment of the obligat�on secured by the lien in a manner accep�able to Lender; �b}
<br /> cantests �n good fa��h the lien by, �r defends against enforcemen� of�he li�n in, Iegal pro�ee�ii�gs wh�ch zn �he
<br /> Ler�der's opin�on operate �o prevent �he �nfarc�ment of�he �ien; �r �c� secures from �he h�lde�- of�he �ien an
<br /> agreemen�satisfa��ory to Lender subardinating the lien to this Security Instrumen�. �f L�nder determix�es�hat any
<br /> par� of the Proper�y is subj ect ta a l��n which may a�a�n prio.ri�y o�er�his Security Ins�rumen�, Lender may gi�e
<br /> Barrou�er a notice id�n�ifying the �ien. Borrower shal�sat�sfy the �ien nr tak� �ne or m.or� �f the aGtions se�forth
<br /> abo�e vwithin �4 days of�he giving of not�ce,
<br /> Ha�ard or Property Insurance, Borro�t7v�r sha�l keep the improvements n��v exis��ng or hereafter erec�ed on the
<br /> Proper�y insured aga�ns�loss�by f re,hazards includ�d within�he term"ex�ended coverage" and any other ha2ards,
<br /> including floods �r flooding, for vvhich Lender requires insurance. This insurance shall be main�ained in �he
<br /> amoun�s an�f�r�he peri�ds�ha�Lender requires. The insurance carri�r providing the insurance sha��b�chflsen by
<br /> Borrovver su��ect t� Lender's appr�va� vvhich s�al� nat be unreasonably wi�hheld. �f Borrovver fails to mair��a�n
<br /> coverage descr�bed above, Lender may, at Lender's op�ion, obtain cover�ge tfl pro�ect Lender's righ�s �n the
<br /> Proper�y in acGordance w��h sectian�itled Prflt�ction of Lend�r's Rights in the Pr�perty.
<br /> A�1 �nsurance po�icies and renetiva�s shal� be acceptable �� L�nd�r and shal� includ� a star�dard m�r�gage c�ause.
<br /> Lender shall have the righ���hald the policies and re�evvals. If L�nder requires, B�rro�rer sha1�pr�mpt�y g��r��o
<br /> Lender a�I rece�pts of paid premiums and renewal notices. In�he even�of�oss, �3orro,wer shall g�ve pr�m.pt natice
<br /> �o�he�nsurance carrier and Lender.Lender may make pr�af of loss if n�t made promp�ly by Borra�ver.
<br /> Unless Lender and Borr�tiver o�erw�se agree in wri�ing, �nsurance pro�eeds sha11 be applie� �o restoratian ar
<br /> repair of�he Property damaged, if, in Lender's s�1e discre�i�n, the restora�ian ar repair is �can�rnica��y feasib�e
<br /> and Lender's security zs no� Iessened. If, in Lender's sole disc���ion, the res�vration �r repair is nat econvmically
<br /> feasible or Lender's securi�y would be lessened,the insurance pr�ceeds sha�l be applied�o�he sums secured by this
<br /> SeCurity Instrumen�, whether or n�t �h�n due, with any ex��ss pazd tn Borrav�rer, �f Borrov�er abandons the
<br /> Property, or d�es not ansvver vvi�hin the numb�r o�'days prescribed by Applic�.l��e Law as set for�h in a notice fram
<br /> Lender to Borrower�hat the insuranc� carrier has affered t❑ se�tle a c�aim, then Len�er may cfllle�t�he insurance
<br /> proce�ds. Lender may use the pracee�s �.o repair ar restore the Property or�o pay sums secured by th�s Security
<br /> Instrument,whe�her or nat then due. The perio d of t�me far B�rrower�o ansvt�er as set for�h in�he notice vvill b egin
<br /> when�he no�ice is g�v�n.
<br /> Unless Lender and Borro�ver otherwise agree �n wri�ing, any applica��on of proceeds�o principa� sha��not e�tend
<br /> ar postpone�he due da�e af�he payments due u.nder the �on�ract�r change�he amount�f�he payments. If under
<br /> the sectinn�it�ed Ac�eierat�on; Rem�die�, the Prnper�y is acquired by L�nd�r, Borrovveris right t� any insurance
<br /> policies and proceeds resu�t�ng from damage �o �he Proper�y prior �� the acqu�sitivn shal� pass �� Lender to �he
<br /> ex�en�af the sums secured by�his 5ecu.r��.y Instrument immed�ately pr�or to�h�acqu�s�tion.
<br /> Preser,vation, Ma�ntenance and Frnte�tion of the Pr�perty; Barrower's Loan Applicatron; Leasehold�.
<br /> B�rrav�rer sha�l no�des�ro�, damage or impa�r the Proper�, allow the Proper�y to det�r��ra�e, or�omm��u�as�� on
<br /> the Property.Borrower shall be in defau�t if any farfeiture action or procee��r�g,whe�her�i�il ar cr�mina�,is begun
<br /> �ha� �n Lender's good fa��h�udgment cau�d resul�t �n forfeiture af�he Pr�per�y or ��herwise materially impair the
<br /> Iien created by �his Security �nstru�men� ar Lender's security interest. Barrower may cure such a defau�t and
<br /> r�insta�e, as prflv�d�d in section titlecl B�rrovver's R�ght to Re�nstate, by causing th� a�tion or prticeed�ng t� be
<br /> dismissed v�r�th a ru�ing�ha�,in Lender�s good fai�h determination,prec�udes forf�iture�f the Borro�ver's interes�in
<br /> the Proper�y or o�her material impa�rrnent of the lien crea�ed by �his Securifiy �nstrumen� or Lender's security
<br /> zn�erest.Borrou�er shal�a�s�be in default xf Borrotiver,durtng the loan applica�i�n prncess,gave ma�erially fa�se or
<br /> inaccurate information or sta.tements �o Lender �ar fa�led �o pr�v�de Lender vv��h any materia� informa�ion} in
<br /> connect��n wzth the loan evi�enced by the Ca�z�ract. If th�s Se�urity Instrurnen�is an a I�as�hQld, Barr�vU�r sha�l
<br /> camply vv��h a�l�he prnvision�af the�ease. If B�rrov�rer acquzres f�e�it1e��th�Prflperty,the Ieasehold and the fee
<br /> ���le sha�l not merge unless Lend�r agrees to the merger in writing.
<br /> Prote�t�on of Lender's Right� in the Property. �f Barrflw�r fai�s to perform �he covenants a.nd agreements
<br /> �on�ained�n�his Securi�y Instrumen�, ar�here is a Iegal pr�c�eding tha�may s�gn�f can�ly affec�Lender's r�gh�s in
<br /> the Propez-�y �such as a prace�ding in bankrup�c�r, probate, for cnndemnation vr forfe��ure or to enforce �aws or
<br /> regulat��ns}, then Lender may do and pay f�r whatever is n�c�ssary to pr�tec� �h� �alue of th� Property and
<br /> Lender's rights in�he Properry. Lender's actians may include paying any sums secured l�y a l�en v�rhich has pri�rzty
<br /> over�his 5ecur�ty Instrument, appearing in court,payi�g reasor�able attorneys�fees and entering�n the Proper�y��
<br /> ma�e repairs.Although Lender may take ac�ion under thzs secti�n,Lender does not have��da sa.
<br /> Any am�un�s �.�sbursed by Lender under this sect��n sha11 be�ome addi�iana� deb� of Borrovver secured by thzs
<br /> Securi� Instrumen�. Unless �orrower and I�ender agree �� ather terms of payment, �hese amoun�s shall bear
<br /> �2�44-2�15 Camplian��Sys�ems,Inc.8C54-ABBS-2Q1S.11.3,1fl98
<br /> Cansumer Rea�Estate-Sec�rity Instrument DL2436 Pa�e 2�f 5 www.c�rr�ptiancesystems.cazn
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