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2� 1 �� 12�9
<br /> Payment of Pr�nc�pal and In�erest; �ther�h�rges.Borro��er sha�l pr�mptly pay�vhen due the principal of and
<br /> interest�n the debt o�ved under�h���n�ract and Iate charges or any other fees and chaxges due under th�Con�ract.
<br /> Appli�able Lavv. A� used in �his Securi�y Ynstrument, �he texm "Applicable Lau�" shal� mean aIl �on�r���ing
<br /> applzcable fe�.eral, s�a�e and Iocal s�a�utes, regulations, ordinE�nces and adminis�ra��ve ru�es and vrders �that have
<br /> �he effe��af Iativ�as�r���as aI1 applicable final,non-appea�a�l�jud�cia��pinions.
<br /> Charge5; Liens. Bc�rrovver shall pay all tax�s, assessments�, charges, fines and impas�tzons a�.tr�butable t� the
<br /> Property tivhich may a��ain prior��y over�his Security Ins�rum{�n�, and leaseh��d payments flr gr�und rents, if any.
<br /> At the request of Lender,Barrow�r shall pr�mp�ly furnish�o L.ender receip�s evidencing�he payments.
<br /> B�rroWer sha11 promp�ly discharge any 1i�n which has pri�riry o�er th�s Secu.ri�y Instrumen�un�ess Bo.nr�v�rer: �a}
<br /> agrees in �vr-��ing ta the payment of the obligatifln secured by the �ien �n a manner a�ceptable t� Len�er; �b�
<br /> contests in good fa��h the �zen by, or defends agains� enf�r��;ment �f the Ii�n in, lega� proceedings �vh�ch zn the
<br /> Lender`s opin�on aperate to prevent �he enforcen�en� of the �ien; or �c} secures from �he halder af�he �ien an
<br /> agreemen�sa��sfactary�o Lender sub�rdinating t�ie �ien�o �h�,a 5�curi�y Instr�ument. �f Lender deterrnin�s�hat any
<br /> par� af the Property is subject�o �. �ien vvhzch may attain pric�ri�y over this Security�nstrument, Lender may g�ve
<br /> Borrower a notice �dent�fying the Iien, Borrower shall sa�isfy�he lien or�ake one or mare of�he ac�ians se�for�h
<br /> abflve urithin 14 day�of the giving af natice.
<br /> Hazard or Propert�Insuran�e, BflrroWer sha�I keep �he �m:pravements novv exis�ing nr hereafter erected on the
<br /> Proper�y insured agains�loss by f re,hazards�nc�uded within 1:he tern�"extended coverage" and any�th�r hazards,
<br /> including floods or �.00d�ng, far �vhich Lender requires in��urance. This insurance sha�l be main�a�ned in the
<br /> amounts and for�he periads�hat Lender re�uires. The insurant�e carri�r providing the insurance shal�be chosen by
<br /> Borrov�rer su��ec� t� Lender's approval which shall no� be ur�reasonal�Iy vvithheld. If B�rr�wer fa�ls t� main�ain
<br /> �overag� descr�bed above, Len�er may, a� Lender's option; obtain caverage to pro�ec� Lender's righ�s in the
<br /> Property�n acc�rdan�e�with.sec�ion�it�ed Prote�t��n of Lend�r's Rights in the Prvperty.
<br /> Al� �nsurance pol�cies and renevvals shal� be acceptable �o L��nder and sha1� �nclude a s�andaxd martgage clause.
<br /> Lender sha11 have�he r�ght t�hold the p�Iicies and ren�Wals. If Lender r�quires, B�rra�uer shall prom��ly giv�to
<br /> Lender aI�receipts�f paid premiums and renewal na�i�es. In �he �vent of�oss, Borro�ver sha��give prompt noti�e
<br /> tv the insurance carrier and Lender.Lender may ma�e proof o:�loss if nat made prampt�y by Barro�ver.
<br /> Unless Lender and Borrower o�herv�rise agree �n wri�ing, in��urance proceeds shall be app��ed to res�;ora�ion or
<br /> repair of�he Pr�perty damaged, if, in Lender's sole discre�i��a, the restora�ian or repair is ecoriom�cally feas�ble
<br /> and Lender's s�curi�� is no� �essened. If, in Lender's so�e disG:retion, �he res�ora�ion or repair is no� ecanomica�ly
<br /> f�asib�e or Lender's security wou�d�be Iessened,the insurance��r�ceeds sha�l be app�i�d to�he sums secured by th�s
<br /> Security �nstrument, whether �r na� �hen due, w�th any ex+�ess paid �� Barrav�rer. �f Borrativer ab�.ndons the
<br /> Property, or d��s no�answ�r wi�h�n�he number of days prescr�bed by Applicable Lavv as set forth�n a x�.ot�ce from
<br /> Lender to B�rrawer�hat the�nsurance carrier has affered ta settle a claim, then Lender may col�ect th� insurance
<br /> proceeds. Lender may use the prace�t�s to repair or restore ��� Prap�rty or�o pay sums secured by�his Securxty
<br /> Instrumen�,whe�her or not then�ue.The peria d of�ime f�r B o rrawer�o ansvver as set for�h in the noti�e will b egin
<br /> vvhen the na�ice is gi�en.
<br /> Un�ess Lender and Borrovver otherwise agree in wri�ing, any��.pplication of proceeds�❑prin�ipaX sha�l nat ex�end
<br /> or postpone �he due date of the payments due under the Cont�-a��or change �h� amoun��f�he paymen�s. If under
<br /> the sectzan����ed Ac�eleraiivn; Remedies, �he Property is acr�uired by Lender, Borrower's rxght ta any insurance
<br /> policies a.rid proceeds resulting fr�nz damage �o the Prape�-�y prior t� the acquisi�ion shall pass �� L�nder to the
<br /> ex�en�of the sums secured by this Seeuri�y Instrurnen�immedit�tel�prior�o the acquisi�ion.
<br /> PrQser�ation, Ma�n�enance and Protection of the Prape�ty; Borrower's Loan �ipplica�xon; L�aseholds.
<br /> Barrower shall not d�s�roy, damage ar impair the Property, allow�he Proper�y t� deteri�rate, or cammit uras�e ❑n
<br /> �he Proper�y. Borrower shal�be in default if any fo�rfeiture act�{�n or proceeding,whether civil vr crimina�,is begun
<br /> that in L�nder's good fa�th j udgmen� could resu��in forfeiturF, �f�he Property or athe��rise material�y impazr�he
<br /> lien created by �h�s Security Instrument ar Lender's securit.� interes�. BorraW�r rnay cure such a default and
<br /> re�nstate, as provxded in section tit�ed BorrovverPs Righ� �o P:eia�s�a�e, by causing�he actx�n or proce�d�ng�o be
<br /> dism�ssed wi�h a ruling�hat,in Lender's good faith de�ermina�ion,preciudes far�eiture of the Barrower's�nterest�n
<br /> the Propert� or other m.a�erial �mpairment of�he �ien �reated by this Securi�y Instrumen� ar Lender's security
<br /> interest.Borra�ver shall also be in�efau�t if Borrower,during�he lnan applicatzon pr�cess,gave materia�ly false ar
<br /> inaccura�e information or s�a.�ements to Lender �or fa�led to pr�vide Lender with an� material inf�rmat�on� in
<br /> c�nnec��on with the �oan evidenced by the Con�rac�. If this S�;cur�ty rns�rument is �n a Ieasehold, Borr�v+rer shall
<br /> cQmply v�r�th aI�the p�ov�sions of t�ne lease. If B�rrower aCquires fee tit���u the Proper�,the Ieasehold and�he fee
<br /> title shal�not merge unless Lender agrees�o�he merger in wrz�i;ng.
<br /> Pr�tect�on �f Lend�r's Rights �n the Pr�p�r�y. If Borrourer fail� t� perform �he covenan�s and agreemen�s
<br /> con�a�ned in�his Security�nstrument, or there is a l�gal proce�:ding�hat may signif can�ly affec�L�n�er�s r�gh�s in
<br /> the Praperty (such a� a proceeding in bankrup�cy, pra�ate, fcfr condemna�ian or forfei�ure or �o enforce laws or
<br /> regu�ations�, then Lender m�ay do and pay for vvha�ever �s r�ecessary to protect the value of the Prope�ty and
<br /> Lender's rights�n the Property. Lender's actions may include paying any sums secured by a lien tivhich h�.s prior��y
<br /> aver this Secur�ty Ins�ru.men�, appear�ng in cour�,paying reaso:r�able a�t�arneys'fees and en�er�ng an�he Froperty�o
<br /> make repairs.A��h�ugh Lender may�ake action under�his sectz.on,Lender daes n��have�a d�sa.
<br /> A.ny amounts disbursed by Lender under �his sect�on sha�l b�f�orne adciz�i�nal de�t of B orrower secur�d by this
<br /> Secur�ty �nst.ru.men�. Un��ss Borrower and Lender agree �o Qther terms of payment, these amaunts �ha�l bear
<br /> Q 2�44-20I 5 Campliance Systems,Tnc.8CS4-AG74-2015.11.3.1498
<br /> Consumer Real Estate-Security Tn�tn€rr�ent DL243d Page 2�f 5 www.compliancesystems.com
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