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2� 1 �� 15�2
<br /> Payment of Prin�ipal and In�erest; �ther�harges.Borrower shall pra�npt�y pay When due�he princ�pa�af and
<br /> in�eres�on the d�b�ovved under the C�ntract and�a�e charges ar any other fe�s and charges due under the�on�ract.
<br /> ApplicabXe La�v. As used in �his Security Yns�rument, �he term "Appl�cabl� Law" sha�� mean all cor�tr�ll�ng
<br /> applicable federal, s�a�e and local s�a.tut�s, regu�ati�ns, �rdinances and a�rninistra�i�e rul�s and �rders ��ha�haue
<br /> �he effect of�av�r}as wel�as a�l app��cable fznal,non-ap�ealab��judit�ial�pin��ns.
<br /> Ch�rges; Liens, Borro�er shall pay a�l �axes, asse�smen�s, char,�es, fines and im�osi��ans at�ribu�ab�e to the
<br /> Praper�y�vhich may a�ta�n pr�ari�y over th�s Security Ins�rumen�, and lea�e�old payments or ground rents, ��any.
<br /> At�he reques�o�'Lender,Barrower sha�l pr�mptly furnish tv Lender receipts e�idencing th�payments.
<br /> B�rrawer shall pramptly�lischarge any�ien v�rhich has priorit�r over�h�s Security Instrument un�ess Borrawer: �a}
<br /> agr�es in wri�ing to �he paymen� of�he ob�igation secu.red by �th� Iien in a manner acceptable to Lender; �b}
<br /> contests in good faxth th� lien by, or t�efends agains� enforcement af�he Iien in, legal procee�.ings v�rhich �n the
<br /> Lender's opinion operate �� pre�en� the enforcemen� af the lien; r�r �c� s�cures from the holder of th� I��n an
<br /> agr�emen�sa�isfactory to Lender subard�na�ing the �ien ta this 5ecu�rity��s�.unen�. �f Lender determ�nes�ha�any
<br /> part of�he Property is subj ect�a a lien�vhich may a�ta�n priarity aver �his Secur�ty Instrument, Lender ma�T g�ve
<br /> B�r�ower a no���e identifying�he l�en. Barro�wer sha11 sa��sfy the �i�n or ta.�e ane or more �f the ac�ions set f�rth
<br /> above within 1�days flf�he giving of nat�ce.
<br /> Ha�ard or Prop�rty InsuranCe. Borrower sha�l keep �he improvements now existing�r hereafter erec�ed vn�he
<br /> Praperty insure�against Ioss by fire,hazard�inc�uded v�ri�hin�he�erm "extende�i cavera.ge" and any other�a�ards,
<br /> includi.n.g �loods �r flnadin�, f�r wh�ch Lender requires insurance. This insurance shall be maintain�d �n th�
<br /> arnounts a�.d f�r the peri�ds that Lender requires. The insuran�e carr.ier pr�viding the insurance shall be chos�n by
<br /> �3orro�wer subject �a Lender's appr�val �hich shal� not be unr�asonably vv�thheld. If BQrrovver fails �4 rna�ntain
<br /> c�verage descri�ed abave, L�nder may, at Lender's option, ob�a�n. cover�ge to pr��ec� Lender's righ�s in the
<br /> Praperty in accordance wi�h section titled Prote�t�.ori of Lend�r's Rights�n the Proper�y.
<br /> All insurance policies an�. renevvals sha1l ]�e accep�able �o Lender �nd sha�� inc�ude a s�andard m�rtgage ciause.
<br /> Lend�r shall have the righ��o hold the polic�es and renewa�s. �f Lender req��res, Borrow�r shall promptly give ta
<br /> Lender aIl receipts of paid premiums and renewal no��ces. Zn the even�of loss, Borr�vver shali give pr�mp�no�ice
<br /> to the insuran�e�arrier and Lender. Lender may make proof of I�ss�f n�t made promp�ly by Barrovver.
<br /> Unless Lender and Borrower a�herwise agree in writ�ng, insurance proce�ds sha11 be app��ed to res��rati�n �r
<br /> repair of the Praperty damaged, if, in Lender's so�e dis�re�ivn, �he rest�ra��on or repair is economically f�asible
<br /> and Lender's security is not�essened. If, in Lender's s�Ie discre�ion, the restora�ion or repair is nfl�economica��y
<br /> feas�ble ar Lend�r's security would be lessened,the insurance procee:ds sha�l be app��e�to the sums secured b,y�his
<br /> Se�ur��y I�strument, wh�ther flr n�t then due, with any ex�ess p�aid �o �arrovver. If Barro�t�ver abandans �he
<br /> Pr�pert���r do�s n�t ans�rer wi�hin t�e number of days prescribed b�y Applicable Lav�r a.s se�f�rth in a no��ce fr�m
<br /> Lender to Borrower�ha��he�nsurance carr�er has affe�ed�o s�ttle a c�a�m, tihen L�nder may col�ect the insu.�ance
<br /> pr�ceeds. Lender may use �he praceeds �o repair �r r�store �he Properfiy or�o pay sums secured by this 5e�ur��y
<br /> �nstxum�nt,vvhe�her ar n�t then due.The periad af time far Bo�rr�Uver to ans�rer as se�for�h in�he na��ce will beg�n
<br /> vvhen the nfl�ice�s g�ven.
<br /> Un�ess Lender and B�rrow�r o�her�rise agree in writing, any appl�����o�.of�roceeds t�pr�ncipal shal�not e�tend
<br /> or p�stpone�he due date of the payments due under the Contrac�or change the amoun�of the paymen�s. �f ux�der
<br /> �he section ti��ed Acce��r�fion; Remed�es, the PrQperty is acquired by L�nder, Borrovver's rzgh�to any�nsurance
<br /> po�icies and pro�eeds resu�ting from damage to �he Property priar ta the acquisition shall pass �o Ler�der t� the
<br /> ex�ent of the suxns secured by this Security�nstrurnen�imm�dia�e�y pri�r to��e acqu�sitian.
<br /> Pre�ervat�on, Main�enance and Protec�ion flf th� Property; Borrower'� Loan Appli�ati�n; L�a�eholds.
<br /> Barrower shall r�ot destroy, damage or impa�r�he Property, al1�w the Property t� d�t�ri�rate, or cammi�waste on
<br /> the Property. Bvrr�wer shall be in default if any forfeiture ac�ian or prnceed��.g,vvhe�her c�vi�ar crim��n�l,is begun
<br /> �ha� �n Lender's good faith j udgment c�uld r�su�t in farfeitur� of�the Property �r athe�-vvise ma�eriall�r�mpai.r the
<br /> ��en created by �his Securi�y Instrumen� ❑r Lender`s securzty in�erest. �arroWer may �ure such a defau�� and
<br /> reinsta.�e, as prnvided in sec�ion t�tled Borrowerr� Righ� �o Reins�a�e, by c.a.using�he ac�ion or pro�e�ding ta be
<br /> disrr�issed vvith a ru�ing tha�,in Lender's good faith determination,pr�ecludes f�rfeiture of the�3orrower's inter�st�n
<br /> the Prtiper�y or other material impairmen� of the lie� crea�ed by ��hzs 5ecurz�y Instrument or Len�er's s�curit�
<br /> �n�eres�.B�rrovver shall a�so be in default if Borr�tiv�r,dur�ng the Ioan appl�cation process,gave ma�eria��y faXse ar
<br /> inac�urate information or s�a�ements �� Lender �or fa�Ied �� prov��de Lend�r with any materia� informat�a�} in
<br /> cannec�ian with�he ��an �videnced by the Contrac�. If�his S��uri�t�y Inst�-u.ment is on a�easehald, Borr��ver shal�
<br /> comply vvith a��the prov�sions of the lease. If Borrower acquires fe�ti��e to the Property,the leaseho�d and�h�fee
<br /> tit�e shall nat merge unless Lender agrees�o the merger in writir�g.
<br /> Pro�ec�fon of Lender'� Rights �n the Prop�rty. If Borrovv�r fai�s �� perf�rm the �ovenants and agreemen�s
<br /> cantained in�hzs Secur�ty�ns�rumen�, or there is a legal proceeding 1:ha�xnay s�gnificant�y affec�Len�er's r�ghts in
<br /> �he Property �such as a prflceeding in bankruptcy, proba�e, f�r condemna�i�n or farfe�ture or ta enforce Ia�s or
<br /> regulations}, then Lender may do and pay far what�ver is necessary �o pro�ec� the va�ue of�he Froperty and
<br /> Lender's r�gh�s zn�he Property. Lender's actinns may zn�lude paying a.ny sums�ecured by a lien which has pri=ority
<br /> �ver th�s Secur��y Ins�rum�nt, appear�r�.g in caur�,pay�ng reasonab�e��torney�'fees and en�ering on the Praper�y��
<br /> make repairs.Although Lender may�ake act�on under�his secti�n,Lender da�s not hav�to do so.
<br /> Any amoun�s d��bursed by Lender under �h�� section shal� be�ome additional deb� af Borrower secured by this
<br /> 5ecur�ty �nstrument. Un�ess Borrovver and Lender agree �o �ther terms of paymen�, �hese amaunts sha�� bear
<br /> C�2fl04-20 i 5�ompliance Systems,Inc.SC54-E225-2D t 5.1 I,3,t 098
<br /> Cans�mer Real Estate-Security�nstrur�ent DL2�36 Page 2 af 5 www.campIiancesystems.coan
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