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2� 1 �� 12�7
<br /> Paym.ent flf Pri�cipax��.d In�eres�; �ther�harges.Borrotiver sha.Il prompt�y pay vvhen due the principal of and
<br /> int�rest on th�debt ovved under the�ontra�t an��ate charges ar any o�her fe�s and charges due under the�ontrac�.
<br /> Ap�li�able Lavv. As used in this Secur��y Instrument, the term "App��cable Lav�" shall mean al� c�n�ral�it�.g
<br /> applicable federal, state and loca� statu�es, regula�ions, ordin�.nces and adm�nistrati�re rules and �rders �that have
<br /> �he effect of Ia�v�as well as al�applicable final,n�n-appealable judicia�opini�ns.
<br /> �harge�; L�ens. Borravver sha�� �ay a�I taxes, assessments, charges, f�ne� and imp�sitians at�r�bu�.b�� to �he
<br /> Properfiy vSrhich may a�tain pr�arity�v�r this Secu.rity�nstrum�nt, and l�as�hold payments or ground rer��s, if'any.
<br /> A��he reques�of Lender,Borrovver shall promp�ly fu.rnish�o Lender receip�s evidenc�ng the paymen�s.
<br /> Borrflvver shall prompt�y d�scharge any�ien vvhich has priorit�r over this S�cur���nst�ruxnent unless Borrower: �a�
<br /> agre�s in wri�ing to �he payment of�he obligati�n secured by th�: iien in a mann�r acGep�ab�e t� L�n�er; �b}
<br /> contes�s in goad fai�h the lien by, �r defends against enf�rcement of�he li�n �n, Iega� praceedings ��ich in �he
<br /> � Lender's opinion tiperate to preve�t the enforcemen� of�he lien; ar �c� s��ures from �he halder flf the �i�n an
<br /> agreemen�sat�sfac�4ry�o.Lender subordinating the Iien t� this Secu�ity Ins�ru.ment. If Lender de�ermi.n.es�hati any
<br /> par� of the Praperty is sub�ec�to a Iien vvhich may atta�n prior��y o�er �his �ecuri�y Instrument, Lender rnay give
<br /> Borrovver a notice�dent�fying the Ii.en. Borrovver sha�l sat�sfy�he Iien ar ta�� �n� or more of the actions set for�h
<br /> above vv��hin I 4 days of the giving�f notice.
<br /> Hazard or Propert�I�suranee. Bflrrower sha�I keep the improvements no�v ex�st�ng or hereafter erected on�he
<br /> Pr�perty�nsu.red against loss by fire,ha2ards included vvithin�he tenn"ext�nded coverage" and any other hazards,
<br /> �nc�uding f�oods or flooding, f�r �vhich Lender requ�res insu.ran��. This insurance �hall be main�ained �m the
<br /> amounts and for the periods that Le�der r�quires. The insurance carrier pr�viding the�nsurance sh�11 be chos�n by
<br /> Borrawer sub�ect ta Ler�der's approva� �vhich shall nat be unreasonabTy �vithheTd, �f Bflrrovwer fails �� main�ain
<br /> cnverage de�cr�bed above, Lend�r may, at Lend�r's ap�ion, �bta�n cav�rage to prfltect Lender's rights i�z the
<br /> Pr�p�rty in aec�rdance with sec�ion�itled Pr�te�t�an�f Lend�r's Rights in�he Prflper�y.
<br /> Al� insurance palic�es and ren�Wa�s sha�l be acc�p�able �o Lender and shal� include a s�andard m�rtg�ge c��ause.
<br /> Lender sha�I have the right to hold�he policies and reneu�als. If Lender require�,Barrovver sha�l pr�mpt�y gi,ve to
<br /> Lender aIl rec�ip�s of paid premiums and r�n��val notices. In t�e ev��nt�f Ioss, Borrovver shal�give pramp�notice
<br /> �a�he insurance�arrier and Lender. Lender may make proof of�oss if no�made pramptly by Borrflvver.
<br /> Un�ess Lender and Borrovver a�herw�se agree in writing, ins�aranc� procee�s sha�l b� applie� �o res�or�.tzon or
<br /> repair af the Property damaged, if, in Lender's sole discre�ion, the rest�ra�.i�n or repair is economica��y feas�b�e
<br /> and Lender's secur�ty is nox Iessened. �f, in Lender's s�le discre�i�n., �he r�stora�ion or repair �s no� economica�Xy
<br /> feasible ar Lender's securit�vsrould be�essened,�he insurance pro�eeds sha�1 be applied to th�sum�secu.red b��his
<br /> S�Curi�y �nstrumen�, vvhe�her or nat then due, v�i�h any excess paid �o �orrower. �f B�rro,t�rer abandon� the
<br /> Pr�per�, or does no�ans�ver w�i�h�n the number of days prescribed by Applicable La�v as se�for�h in a no�ice from
<br /> Lender tia Barrower that the�nsurance carrier has offered to se�tle a c�aim, then Lender may col�ec��he �nsurance
<br /> proceeds. Lender may use the proceeds t� repair or restore �h� Praiperfiy ar to pay sur�s sec�.0 ed by this Sec�urity
<br /> Instrument,�vhe�her ar no�then due.The p erio d of t�me f�r B orrQwe�r�o ans�wer as set for�th in the natice Wil��egir�
<br /> v�rhen the na�ice is gi�en.
<br /> Unless Lender ai�d B�rr�v�er athervvise agree in vSrri�ing, any applic�.tion of proceeds ta pr�ncipal sha11 no�e�tend
<br /> ar postpane the due date of�he paym�n�s due under the �ontrac�or change�he amount of�he paymen�s. If u.n.der
<br /> the section t��led Acceleration; Remed�es, �he Prflperty is acquired by Lender, Borro�er's rig��to any insuran�e
<br /> polic�es and proceeds resulting fram damage to �he Proper�y prior ta the acquisit�an sha�� pass �� Lernder to the
<br /> exten�af the suxr�.s secured by thxs Security�nstrument immediately pri�r t�the acquisi�i�n.
<br /> Pr�ser�ati�n, Maintenance and Pratectian of the Proper�y; E�orro�er's L�an �ippli�at�an; Lea�eh{alds.
<br /> B�rrawer shall n��destroy, damage or impair�h�Proper�y, a11�w�he Property t� de�eriora�e, ar commit vvas�e nn
<br /> �he Praperty.Borrou�er sha�l be i�default if any forfe��ure ac�ian or proceed�ng,vvhether civ��or crimina�,is begun
<br /> that�n Len�ier's good fai�h�udgmen� could result in f�rfe�ture of th� Pr�perty �r otherwise ma�er�a��y impair the
<br /> l�en crea�ed by this Security �ns�rument �r Lender's security in��r�est. Barro�rer may cure such a d�fault and
<br /> reins�ate, as prov�ded in sect�on titled Borra�ver's Right to R�ins���e, by causi�g the action or proceeding�:o be
<br /> dismissed�vith a ruling�hat,in Lender's gaod fa�th de�ermination,pr�cludes forfeiture nf the Borrower's in�eres�in
<br /> the Praperty ar �ther mater�a� impairment of th� Iien crea�ed by �his S�curity Ins�rt�men� or Lender°s sec�urity
<br /> interes�.Borravver shall also be in defau�t if Barrower,during�he��a�n app�ication process,gave mater�a�ly fal�e or
<br /> �naccura�e �nforr�ati�n �r s�a�ements to Lender �or failed �a provide Lend�r tivith any material �nf�rma�xon} in
<br /> cannectian vvith�he �oan evidenced�y the �ontrac�. If th�s Security�nstrum�nt is on a leaseh��d, Borrower sha��
<br /> comply wi�h all the provisions of the�ease. If Bflrrower acquires fee��1e to the Pr�per�y,�he leaseh��d and�hf�f�e
<br /> �i�le sha��nat merge unless Lender agrees�o�he merger in wri��ng.
<br /> Pr�tec��.on of L�nder's R�ghts �in the Pr�perty. If�3�rro�er faiiLs �o perform �he c�venants and agreer�r�ents
<br /> can�a�ned in this S ecuri�y�nstrument, or there is a Iegal proceeding�hat may sign�ficantly affect Lender's rights�n
<br /> the Propex�y �such as a praceeding ir� bankruptcy, prabate, for condemna�ion or forfei�.ure �r �o enf�rce lav�rs ar
<br /> regu�a�ions}, �hen Lender may do and pay for u�ha�ever �s n�cess�.ry �o prfl�ect th� value of the Property and
<br /> Lender's rzgh�s in the Proper�y. Lender's ac�zans may include paying�.ny su�ns secured by a lien vvhich has pri�r�ty
<br /> aver th�s �ecurity Ir�strumen�,appearing i��vurt,paying reasor�able attarn�ys'fees and�n�ering on the Property�o
<br /> make repairs.A��hough Lender may take action und�r this secti�n,L�nder�nes not have t�do so.
<br /> Any amounts d�sbursed by Lend�r under this section sha�I be�ome addi�ianal debt of Borrovver s��ured by this
<br /> Securi�y �nstrum�n�. Un�ess Borrower and Lender agree to ath�r �terms af payment, these am�un�s shall �ear
<br /> C�24�4-2415 Compliance Systems,Inc.8C54-�748-Za I 5.1 I,3,1498
<br /> Consur�er Real Estate-Security Instrurnent DL2�3d Page�af 5 www.compliancesystems.com
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