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2� 1 �� 1491
<br /> Payment of Prin�ipal and Intere5�; �ther Charges.�orr�wer shal�pramptly pay vvhen due�he principal of and
<br /> in�erest on the deb��wed under the�on�ra�t and I�.�.�charges ar any a�her fees and charges due under the Con�rac�.
<br /> Applicab�e La�v. As used in �his Security Instrurnent, �he �erm 1f Applicable Law" shall mean a1I �cor�trolling
<br /> applicable federal, state and local �tatu�es, regu�a�ionss ordinances and administra�ive rules ar�d orders (�hat have
<br /> the effec�❑f law�as�vel�as alI applicable final,non-appea�abl��udicial�pinions.
<br /> Charges; I�iens. Bflrrawer shall pay alI taxes, assessments, charges, fines and impasitions attributab�e to the
<br /> Praperfi�r vvhich may a�tain pr�or�ty over this �ecuri�y�ns�rum�nt, and leasehold paymern�s or ground ren�s, �f any.
<br /> A.t�he request of Lender,Borrawer shal�p�omptly f�arnish�o Lender receipts evidencing the paymen�s.
<br /> �arrativer shal�promptly discharg� any lien vvhich has priority over this Security�nstrurnent unles�Borro�ver: �a}
<br /> agrees in writing �o �he payment �f the obli�;ation secured by the lien �n a manner ac�ep�able t� Lender; �b}
<br /> ��ntes�s in good faith �he l�en �ay, ar d�fends aga�ns� enforcement �f the ��en in, legal pr�ce�dings vvhich in �h�
<br /> Lender's opinian operate to prevent the enf�rcement �f the I�en; �r �c} secures from �ie holder of fihe ��en an
<br /> agreement sa�isfactory�o Lender subord�ating�he lien to �hi� Se�urity Ins�ru.men�. �f Lender determines�ha� any
<br /> part of the Praperty�s sub,�ec��o a Iien vvhich may a�ta��.priority over �his Security Instrument, Lender may give
<br /> I3orrovver a no���e iden�ifying the 1ien. Borrovver sha�� sa�isf�the �ien ar tal�e one or more of�he ac�ians se�far�h
<br /> abflve�within 14 days�f the giving of n��i�e.
<br /> I3azard or Praperty In�urance. Borrotiver sha11�eep �he im.pr�vemen�s now exis�ing ar hereaf�er erected on the
<br /> Propert�r insured aga�nst�oss by fire,hazaxds includ�d within�he term"ex�e�d�d cov�rage" and any oth�r hazards,
<br /> including floods or flooding, for �vhich Lender re�uires insura�.ce. This insurance sha1l be ma�n�a�ned in the
<br /> am�un�s and for�he periads that Lender requires. The�nsuran�e carrier prov�ding the insurance shall�e c�osen by
<br /> Barro�rer subj ect ta Lender's approval which shall n4t b� unreasonab�y tiv�thheld. If Bvrrflwer fails t� maintain
<br /> c�verage descr�bed abov�, Lender may, a� Lender's ap�i�n, nb�ain caverage to protect Lender's ri�h�s in the
<br /> Prop�rty�n acc�rdance vvith section�itled Pr�t�ction vf Lender's Righ�s in the Proper�y.
<br /> A�� insurance palicies and rene�t�rals shall �e accep�ab�e ta Lender and sha�l include a standard mortgage clause.
<br /> Lender sha�l have the rxght ta hold the policies and renewals. If Lender requires,Bfl�rflwer shall pr�m��ly g�ve to
<br /> Lender a11 re�eipts of pa�d premiums and rene�val natices. �n�he e�en��f loss, Borrov�r�r sha��g�ve prompt natice
<br /> t�the insuranc�carrier and Lender.Lender may make proof o�Ioss�f no�made pr�mp��y by BorroWer.
<br /> Un�ess Lender and Barrower otherwise agree in vsrri�ing, in�uran�e pr�cee�s sha�� �be app�ied ta res�or�.t�an or
<br /> repair of the Praper�y damaged, if, in Lender's sal� discre�ion, the restorat�on ar repair is economica��y �'easible
<br /> and Lender's security �s no� l�ssened. �f, in Le�der's sole discretion, �he restoratian or repair i� na� economically
<br /> f�asib�e or Lender's security wou�d be l�ssened,�he insurance pr�c�eds shall�e appli�d�o the sums secured by th.xs
<br /> �ecurity Instruznent, whe�her �r not �hen due, �vi�h any excess paid t� �arrower. If B�rrovver ab�ndons the
<br /> Prop er�r, or do es no�anstiver w��hin the numb er of days prescrib�d by Appl i cable La�v as set�or�in a n.��ice from
<br /> Lender�o Borrov�rer�ha��he �nsurance carrier has offered to set��e a claim, �hen Lender may collec�t�Z� insurance
<br /> proceeds. Len�ier may use the praceeds to repa�r or restore �he Pr�perty ar�o pay sums secured by this Secur��y
<br /> �nstrumen�,whether�r n�t then due.The periad of�ime f�r Barrower�o answer as s��f�rth in the not�c�w�Il begin
<br /> �when the no��c�is given.
<br /> Un�ess Len�er and Bflrr�vver atherwise agree zn wri�ing, any app�icatiori of praceeds to princ�pal shal�no�e�tend
<br /> or postpon� �he due da�e of�he payments due under�he Cantract ar change�he amount af the payments. If under
<br /> the sec�ion t��led A�celeration; Remed�es, �he Prop�rty �s acquired by L�nder, Borrower's right to any xnsurance
<br /> policies and proceeds resulting from dam�.ge to the Proper�y prior �o �he acquisitio� shal� pass to Ler�der �o the
<br /> e��ent of�he sums secured by th�s Security Instrumen�irnmedia�ely prior�o the acquisi�ion.
<br /> P�eser�vati�n, Ma�ntenance and Protec�ion of th� Proper�y; B�rrawer's Loan Appii�a�xon; L�as�ho�ds.
<br /> B�rravver sha�l no�destroy, damage or�mpair the ProperCy, allow the Praperty to deteriorate, or commi�vvaste on
<br /> the Praper�y.Borrovver sha�l be�n default if any forf�iture ac�ion or proceeding,whether civil❑r cr�minal,is begun
<br /> tha� in Lender's good fa��h judgment could result in forfe�ture o�'�he Property ar ��herwise mater�a�ly impa�r�he
<br /> lieri created by this 5ecurity Ins�rument ar Lender's security i��eres�. Borrawer may cure such a d�fault an�
<br /> re�nstate, as provided�n sec�ian ti�led Bvrra�ver's R�gh� �o l�eins�a�e, by causing the a�tion�r proceeding to be
<br /> dismissed w�th a ruling�hat,in Lender`s good faith determi.nati�n,prec�udes f�rf�i�ure of th�Borrawer's in�erest�n
<br /> �he Proper�y or other ma�erial impairment of�he lien created by th�s Securi�y Ins�rumen� ar Lender�s secur��y
<br /> �n�erest.Barrower shall al�o be in default if Bnrrow�r,d.uring the loan appliGa���n process,gave ma�erza�ly false or
<br /> inaccurate informat�on ar s�atements �o Lender �or failed to pr�vide Lender �vith a�y materia� inf�rma��on} in
<br /> c�nnect��n v�rzth the Iaan eviden�ed by th� Con�rac�. �f�his Secur�ty Instrument is on a leasehtild, Borrav�rer sha�I
<br /> c�mply vvi�h al��he provisions af the lease. If Borrov�er acquir�s fee�it�e�o the Proper�y,�he leaseh�ld and�he fee
<br /> title shal�not merge un�ess Lender agrees�o�he merger�n vvriting.
<br /> Protection of Lender's R�ghts in th� Prop�rty. �f Borra�w�r fa��s �o perform �he �Qvenants a�d a�reemen�s
<br /> ��ntained in this Security�ns�rum.en�, or there is a legal proce�ding tha�may signif can�ly affe�t Lender's rights �n
<br /> the Property �such as a proceeding in bankru.ptcy, proba�e, for canden�atzvn or forfei�ur-e or �o enf�rce �aws or
<br /> regulatz�ns}, then Lender ma� d❑ and pay for vvhatever is r�e�essary �� pratect �he �alue �f the Pr�perty and
<br /> Lender's rights in�he Properfiy. Lender's actions rnay include paying any sums secured by a I�en whzch has pri�rity
<br /> aver�his Secur�ty�nstxumen�,appearing�,x�.caur�,pa��ng reasflnable at��rneys'fees and en�ering on the�rfl�ez-�y to
<br /> make repa�rs.Although Lender may�ake action under�his sec�ion,Lender does no�have to da so.
<br /> Any amou.n�s d�sbursed by Lender under this sec�i�n sha�l becarne addit�ona� deb� of Borrov�rer secur�d by this
<br /> Security Instr�.imen�. Unless Borrow�r an� Lender agree to oth.er t�rms of paymen�, these amountis sha�� bear
<br /> C�2404-2Q15 Compliance 5ystems,Inc.SC54-45ES-2015,i t.3.I098
<br /> Cvnsurner Reat Estate-5ec�arity Instnament DL203d Page 2 Qf 5 www.camptiar�cesystems.com
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