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2� 1 �� 1235
<br /> Payment of Pr�ncipal and In�er�st; (3th�r�h�.r�es.Bor�-o�ver shall pramptly pay tivhen du��he princ�pa�of and
<br /> inter�st on�he deb�gwed under the Cor��ract and Ia�e charg�s�r any other fees and charges due und�r�he�ontract.
<br /> Appli�ab�e Lawa As used ix�. �hzs ��c�ri�y Ins�rurnent, �he term "Applicable Law" shal� mean �II can�ro�li.ng
<br /> applicable fed�ral, s�ate and laca� statutes, regu�a�inns, ord�nances a�d adminis�ra�ive rules and orders ��ha�have
<br /> �he effect of�a�vv�as we��as a��applicable final,non-�appealable judicia�opini�ns.
<br /> Cha�rges; Liens. Borrovver sha�I pay a1I taxes, assessmen�s, charges, fines and �mpositions a�tribu�a.ble t❑ �he
<br /> Froperty vvhi.ch may a�tain priority o�er�h�s Sec�.rity Instrumer��,-a�d leasehold paymen�s ar gr�und rents, if any.
<br /> A��he request af Lender,Borr��rer sh�ll prampt�y furn�sh ta L�nder rec�ip�s�videnczng the paymen�s.
<br /> Borro�ver sha�I proxnp��y discharge an�lien vvhich has priority over�h�s Security Ins�rumen�un�ess Borrovver: �a}
<br /> agrees in wr��ing to the payment of�h� ob�iga�i�n secur�d by th� iie� in a manner accepta�b�e �o Le�der; �b}
<br /> con�es�s in go�d fa�th the �ie�. by, or �defends agains� enforcement �f the ��en in, lega� pro�eedings-Which �n the
<br /> Lender's opinion aperate to pre�ent �ie enforc�men� ❑f the ��en; or �c� secures from �he h��der of the lien an
<br /> agreement sat�sfac�ory�o Lender sul�ardix�ating�he �ien t� �h�s Securi�y Ins�rumenf.. �f Lender determines�hat any
<br /> part�f�he Property is sub�ect ta a 1ie�which may atta�n priaxity over this 5ecu.rit�Instrum�nt, L�r�der ma}r give
<br /> Borrower a n�tice identify�ng the lien. B�rrower s�a�l satisfy the lien or take one flr mare o��he ac�ions s��forth
<br /> above within �4 days�f the g�ving of r�o��ce.
<br /> Hazard Qr Prvp�rty Insurar�ce. Bo�-rov�rer shall keep�he impr�vements n��existing or he�eaf�er erec�ed an the
<br /> Property insure�agaznst lass by�re,hazards included within the term"ex�ende�i cov�rag�" and an�o�her hazards,
<br /> including fltiods or fl�oding, f�r which Lender requires insuranc�. Th�s insuxance shall be rnain�ained in the
<br /> amounts and for the periads�hat Lez�der requires. The insuranc�carrier pr�v�ding the insurance sha�I be chosen by
<br /> Borrovver subj ect t� Lender's apprQval which sk�al� not be unreasonab�y �vithheld. If Barrower fa�ls �o maznta�n
<br /> c�verage descr�bed above, Lender may, at Lender's opti�n, obtain coverage to protect Lender's rights �n th�
<br /> Property in acc�rdance with sec�ifln titied 1'rotection of Lender's R�gh�s xn the Propert�.
<br /> A1I insuran�e policies and reneura�s shall be acceptable to Len�er and shall inc�ude a sta.ndard mortgage cXause.
<br /> Lender sha��have�h.e r�ght��hold the po�icies and renevvals. If Lend�r requi�es, Bnrra�wer sha11 promptl�g�ve�a
<br /> Lender a�l receipts of paid premiums �.nd renew��natices. In the �ve�t af los�, Borrower shal�g�v�promp�notice
<br /> tfl the insurance carrier and Lender.Lender may make proof of�oss�f no�rnade prampt�y by B�rro,wer.
<br /> Unless Lender and Borr�wer o�herwise agree in writing, insurance praceeds shal� be app�ied to restoratio� or
<br /> repair nf�he Property dam.aged, if, in Lender's sole discre�ions �he res��ra�ion or repair is economical�y feasible
<br /> and Lender's securrty �s na� �essened. If, in L�nder's so�e discreti�n, the restora�ion or repai�-is na�econom�cally
<br /> feasib�e flr Lender's securi�y�auld be�essened,t�.e�nsuranc�proceeds sha�I be app�i�d���he sums secured by�his
<br /> Security Instrument, whether flr n�t �hen due, Wi�h any exc�ss pa�d to B�rravver. �f Bo�-rower abandons the
<br /> Property, ar d�es not answer v�rithin�he number�f day�prescribed by App�ic�.ble Law as set.for�h in a notice from
<br /> Lender to Borrov�rer�h.a��he insurance carrter has offered to set�1� a��aim, then Lender may col�ec��he �nsurance
<br /> proceeds. L�nder may use the procee�.s to repai�or res�ore th� Pr�per�y �r to pay sums secured by�his Security
<br /> Ins�rument,whether or not�hen due.The period of tixn�for Barrawer ta ansvv�r a�se�forth in�.ie not�ce�vi11 begin
<br /> when the natice is giv�n.
<br /> Unless Lender and�orrovver Q�herwzs� agree in�uriting, any application of praceeds to prin��pa�shall no�extend
<br /> or pos�pone the due date�f the payments due under�he �on�ra.ct flr�hange �he amoun�of�he paymen�s. Yf under
<br /> �he sec�ion ti�led A�celeratia�; Remedie�, the Praperty is acq��red by Lend�r, BarrQwer's right to any insurance
<br /> po�icies and proceeds r�sult�ng from damage to the Prop��fiy pri�r to �he acquisztian shall pass �o Lender �o the
<br /> extent of the sums secured by this Securi�y 7ris�rumen�immediat�I�prior to�he acqui�itiQn.
<br /> Fr�ser�at�on, Ma�ntenance and P�otecti�n �f �he Property; B�rrow�r's Loan Application; Leas�h�ld5,
<br /> 13orravver sha�� nQ�destroy, damage or irnpair th�Property, al��v�the Prop�rty�� de�eriarate, �r cammi��iras�e on
<br /> �he Properry.Borro,w�r sha��be in default if any farf��ture ac�ian�r proceeding,whe�her civi�or crim�nal,is begun
<br /> that in Lender's gflod faith judgmen� could result in farfei�xre flf�he Property or athe�-wise ma�erially impair the
<br /> �ien created by this Security �nstrum�nt ar L�nd�r's securi�y ir�terest. Borro�er rnay cu.r� such a default and
<br /> reinstate, as pravided in sectiian�itled�3�rr�vver's R�ght to R�ix�state, by causing�he ac�ion or proceed�ng t� be
<br /> dismissed with a ru�ing tha�,in Lender'�g�od fai�h determinati�n,prec�udes f�rfei�ure of the Borr�vver's in�erest in
<br /> �he Pr�perty or other material impair�nen� af��.e �ien crea�e�. by �his Secu�-ity Instrument or Lender's secur�ty
<br /> interes�.Borro�t�rer sha�T also be in defaul�if Borrovver,during t�e I�an applica�i�n proce�s,gave mat�ria�ly fa�se or
<br /> �naccurate informati�n or statemen�s �o Lender �or fai�ed �a provic�e Lender with any mater�al iz�.ftirxnation} in
<br /> conr�ecti�n wi.�h the loan evidenced by �he ��ntract. If�his Secur�ty�nstrument is on a�easeho�d, Borrovver sha�I
<br /> �omply vvith all the prov�siaz�s of the lease. If Barravver acquires��e�ztle�Q�h�P�oper�y,the leaseh�ld and the fee
<br /> tit�e shall no�merge un�ess Lender agrees�a the merger�n wri�ing.
<br /> Prate�tion of Lend�r's R�ght� in the Property. If Borra�w�r fails t� perform �he coven�n�s and agre�m�nts
<br /> canta�ned in�his Security Instrument, or there is a lega�proceeding�hat may significantly aff�c�Lender's r�gh�s�n
<br /> �h� Praperty �such as a proceeding in bankruptcy, proba�e, far condemna�ion or farfeiture or �o enfarce Iaw� or
<br /> regu�ations}, �hen Lender may do and pay for �vha�e�er is necessary t� pr���ct the �alue of the Property and
<br /> Lender's r�ghts in�he Proper�y. Lender's actians rriay include paying any sums secured by a li�n which has p�ri�rity
<br /> over�his Se�uri��nstrument, appea.rin,�in cour�,paying reasonable a��orn�ys'fees and entering an�1ie Praperty�ti
<br /> make repa�rs.Although Lender may�a�e action u.�der th�s s�c�ion,Lender daes no�have to do so.
<br /> Any amour�ts dishursed by Lender under this se���an sha1� become ad�i�ional deb� of Barrovver secured �y �his
<br /> 5ecuri�ty Instrumen�. Unless Borro�rer and Lender agree to �ther ��rms af payment, �hes� amoun�s sha11 bear
<br /> �2��4-2415 CompIiance Systems,�nc.8C54-55E9-2415.1 i.3.id98
<br /> Cansumer Real Estate-Security Instrument DL2Q35 Pa�e 2 of 5 www.com�liancesystems.com
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