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2� 1 �� 1539
<br /> Payment of Pr�ncxpa�and Interes�; ��her Charges.Barrovc�er shall promptly pay vvhen due th�princzpal�f and
<br /> �nterest on the deb��wed under the Contract and la�e charges or�any ather fees and cha.rges due under the�on�ract.
<br /> Appli�able Law. As used in this Securi�y Ins�rumen�, �he t�rm "Applicable Lav�r" shall mea.n al1 contra��ing
<br /> appl�cable federa�, s�a�e and �ocal statutes, regulat�ans, nrdinances and admin�stra�ive ru�es and orders �that have
<br /> �he effec�of la�r}as well as alI applicable f r�al,non-appea�ab�e judic�al opinions.
<br /> Charge5; L�en�. Barrower shall pay aIl �axes, assessrnen�s, charges, f�nes and 1�T1p�SI�I4n5 at�ributai��e to �he
<br /> Property vvh�ch may a�tain pri�rity over th�s Security�nstrument, and Ieaseho�d payments or grflurid ren��s, if any.
<br /> At the request af Lender,Borra�rer sha��prnmp�ly furnish ta Ler�der receipts evzdencing the paymen�s.
<br /> Borr�v�rer sha�l promp��y discharge an� lien which ha�pri�rity over�his S�curity Ins�rumen�unless Borro,wer: �a}
<br /> agrees xn writing to the paymen� �f the v�ligat�on s��ured by the �i�n in a mar�ner acce�table tfl L�nder; �b)
<br /> con�ests �n good faith the ��en by, or defends agains� enfar��r���n� of�he lien in, Iegal proceedings vvh�ch in �he
<br /> Lender's apin�an apera�e �� preven� �he enforcernent af�he �i.en; or �c� secures fr�m �he h�lder of the �ien an
<br /> agreement satisfactor��o Lender subordi.n.ating the Iien�a ��is 5e�uri�y Instrumen�. If Lender de�erm�ne�tha�any
<br /> par� of�he Proper�y is subj ec�to a Iien,whzch may a�tain priori�y over this Secur�ty Instrument, Lender may g�ve
<br /> B�rraWer a notice identifying the Iien. Barro�ver shall satisfy�T�e �ren or take one or more of the act�ons set f�r�h
<br /> above wz�hzn 14 days of�he giving af no�ice. �
<br /> Hazard or Pra�erty Insurance. Barrovver shall keep the impX�avements novv ex�sting ar hereaf�er erec��d�n�he
<br /> Properry insured against�oss by f re,ha2ards included vvithin the term"extiend�d coverage" and any Qther hazards,
<br /> including f�oods ar f��ading, for which Lender requires insuxance. This insuran�e shal� be mazntain��d in the
<br /> amaunts and for�he periods that Lender requires. The insurance carri�r providing�he insurance sha11 be chosen by
<br /> B�rravver su�ject t� Lender's appr�val �vhich shall no� be unreasonably vtrithhe�d. If Borrow�r fails �o maintain
<br /> coverage described above, Lender may, at Lender"s opti�n, ob�ain �average t� pro�ect Len�er's rights �n the
<br /> Property in accardance tivith s�ctian ti�led Prtitecti�n uf Lende�r's Rights in the Property.
<br /> AI� insurance po�icies and renetivals shall �e acceptable to L�r�der and sha�l in�lude a standard mortgage clause.
<br /> Lender shall have�he right to hold the po��c�es and renewa�s. If'Lender requires, B�rrov�rer shall promp�ly give�o
<br /> Lender a1�receip�s of paid premiums and renewa�no�i�es. �n�:�e event�f Ioss, Barravv�r shall give pramp�n�tz�e
<br /> �a�he insurance carrier and Lencier.Ler�der rnay make prflof�f i�oss if no�made promptly by Borro�ver.
<br /> Unless Lender and Borrflwer atherwise agree in wri�ing, insu.rance praceeds shall be applied �o restaratian �r
<br /> repair of the Pr�perty damaged, if, in Lender's sole d�scre�ion,, the res�oration or repair is e�onomicall�� feas��b�e
<br /> ar�d Lender's security is not Ies�en�d. �f, in Lender's sole discr�tia�., the res�orati�n or repa�r is no�ecanomzcally
<br /> feaszble�r Lender's securi�y vvou�d be��ssened,the�nsurance proceeds sha�X be applied�o�he sums secured by�hzs
<br /> Security �nstrumen�, vvhe�her or n�t then due, tivith any exc�,ss paid ta B�rro�ver. If Borro�ver aband�ns �he
<br /> Property, ar does rio�answer with�n�he number of days prescr�bed by Applzcable LaW as se�forth in a natice fr�m
<br /> Lender tfl Borrower tha�the insurance carr�er has offered to se�:�Xe a c�aim, �hen Lender may collect the insurance
<br /> proceeds. Lender may use the praceeds tfl repair or res��re �he Prope�-ty ar t� pay sums seCured�y�h�s Security
<br /> Ins�rument,Whether tir n���a.en due.The period of��me for Bor�-ovver ta ansvver as se�f�rth in the notxce�ill begin
<br /> �wh�n�.he nv�ice�s given.
<br /> Un�ess Lender and Borrower otherw�se agree in writ�ng, any appl�cat�on of proceeds to principal sha��n��extend
<br /> or postpone�he due date of the payments due under�he �fln�ract�r change �he amaunt of the payments. Zf under
<br /> the seCtion tit�ed Ac�e�erativn; Re�nedies, �he Property �s acquired by Lender, B�rrower's righ�t� any insurance
<br /> palicies and proce�ds resulting from daxnage to the Property�ri�r to �h� acquisitinr� sha�I pass to Lend.er �o the
<br /> ex�ent af�he sums secured by this Security�ns�rumen�immediat�ly pr�or�o the acquisitxon.
<br /> Pr�servat�an, IVIa�n�enance and Protec���n af the Proper��y; Borr�wer�s Loan Appl�cat�on; Leaseholds.
<br /> B�rrower sha�1 nfl�des�r�y, damage or�mpa�r�he Pr�perty, al�aw�he Property to deteriara�e, or cammi�waste on
<br /> �he Proper�y.Borrovver shall be in default if any forfei�ure ac�ion�r proceeding,�whether civil ar criminal,is begun
<br /> tha�in Lender`s g��d fa�th judgment cau�d resu�t in f�rfeiture r�f�he Property ar ��herwise material�y impair the
<br /> lien crea�ed by �his Security �nstrument or Lender's 5�C11�'1� in�eres�. Barrower may cure such a de�ault and
<br /> reinsta�e, as pravided in sect�on t��Ied Borrovver's Right to R�instate, by causing the action�r praceed�ng to be
<br /> d�smiss�d vvi�h a ruling that,in Lender's g�od fa�th de�errn�na�i�:r�,precludes f�rfeiture of the Borr�wer's i��.�eres�in
<br /> the Pr�per�y or o�her materzal impairmen� of�h� lien crea�ed by �his Securi�y Ins�rumen� ar L�nder's security
<br /> in�eres�,Borrawer sha��also be in defaul�if Borr�wer,dur�ng the��an applica�z�n pracess,gave ma�erial��fa�se or
<br /> �naccura�e informati�n ar stiatemen�s to Lender �or fai�ed ta �r�vide Le�.der v�ri�h any ma�er�al �nformation� in
<br /> �onnecti�n w�.th�h� 1�an e�ridenced b��he Contract. If�his Securzty 7nstrumen�is on a Ieaseho�d, Borra��ver sha�l
<br /> Comply vvith all the provisions of th�Iease. If Borrower acquire��fee tiitle ta�he Pr�per�y,the leaseha�d and�he fee
<br /> tit�e sha�l not merge un�ess Lender agrees to�ie m.erger in wr��ing.
<br /> Protectian flf Lender's Rights in the Property. �f Borrawer fa��s �fl perf�rm the covenants and ag�-eemen�s
<br /> con�ain�d in th�s Secur�.ty Ins�rument, or there is a legal procee�!ing tha�may s�gnificantiy affect Lender's rzghts in
<br /> the Pr�perty �su�h as a proceeding in bankrup�cy, proba�e, for candemnation or fnrfeiture or to enfarce �avvs or
<br /> regula�ions�, then Lender may do and pay for wha�ev�r is necessary �o protect the va1u� af the Prap�er�y and
<br /> Lender's righ�s�n the Property. Lender's actians may�nclude pa�ring any sums secured by a I�en v�rhich has priarity
<br /> over th�s Secur�ty�ns�rument, appearing in court,paying r�asonable at�orneys'fees and enter�ng on�he Pr�perty to
<br /> make repazrs.A��hnugh Lender may take ac��on under this sect�an,Lender�.oes not have�o do sfl.
<br /> Any amounts disbursed by Lender under �his sec�ian shall became addi���nai debt of B�rravver secured by �his
<br /> Securi�y �ns�rument. Unless F3orrflWer and Lender agree �v ol:her terms of payment, these am�unts shall bear
<br /> �2�a4-2015 Compliance Syste€ns,In�.8C54-f�15-2D15.]1.3.1498
<br /> CansuFner Real Estate-Security Instniment DL243d Page Z af 5 www.cprr�pliancesystems.cam
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