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� 2� 1 �� 1823
<br /> Payment af Princ�pa�and Interes�; �ther Charge�e Bnrrow�r shal�pr�mptly pay when due�he pr�ncip�.�of and
<br /> interes�on�he debt a�ved under the+Cantrac�and la�e cha�-ges ar any o�her fees and c�.arges due under�he Contra��.
<br /> Appli�able Law. A5 US�f� �n this Securi�ty Ins�ruxx�en�, the term "Applicable Law" sha11 mean aII c�ntra��ing
<br /> app�icable federa�, s�a�e and local ��a�.ites, regulations, ordina��es and admanis�ra�ive rul�s an� �rders ��ha�have
<br /> the effect of Iaw�as we�l as a��appiicable final,non-app�alable judicial opini�ns.
<br /> �h�rge5; L�ienS. Barrovver sha1� pay ail ta�es, assessmen�s, eharges, fine� and impositi�ns attributa.bl� �o the
<br /> Pr�perty which ma�a�tain priarity aver this 5ecuri�Instrurn�n�, and leaseho�d paymen�s or gr�und rents, if any.
<br /> At�he reques�of Lez�der,B�rrawer shall prnmptly fu�-nish ta Lender receipts ev�dencing the�a�ments.
<br /> Borrovver sha��promp�ly dzscharge any lien�which has priorit�r�ver this Security Zns�rument unless B�rr�u�er: �a�
<br /> agrees in writing to the payment of the oh��g�tion secured by th� �ien in a manner accep�ab�e to Lender; �b}
<br /> contes�s �n good faith �he lien by, �r d�fends aga�nst enforcemen� �f the li�n in, Iegal proceedings wh�ch �n the
<br /> Lender's apinian apera�e �a prev�n� �he enforcement of�he Iien; �r �c} se�ures fr�m �he holder of the �i�n an
<br /> agreement sat�sfact�ry to Lend�r s�bvrdinating the lien to �hi� 5ecuri�ty Instrumen�. �f Lender�etermines that any
<br /> part of the Property is subj e�t to a lten Which may at�ain prior�ty o�rer �h�s ��curi�y�nstru.ment, Lender ma�r give
<br /> B�rrov�er a notice id�ntifying th� lier�. Borravver shall satisfy the li�n flr ta�� one or more �f the actions se� forth
<br /> ab�ve vvithin ��days�f�h�giving of���ice.
<br /> Ha�ard �r Pro�erty Insur�n�e. Borrovver shall keep the improvem�n�s no�w ex.isting or hereafter erected on�he
<br /> Property insured against loss by fire,hazards included vvithin the term"extended coverage" and any��her hazards,
<br /> 1nGIliC��1� fl4�C�5 or flooding, for wh�ch Lender requir�s insura.nce. This insurance sha�1 be maintained �� �he
<br /> amounts and f�r the periads tha�Lender requires. The insuran�e carrier praviding the insurance sh�l�be ch.asen by
<br /> Borro�ver sub�ect �o Lender's appro�al vvhich shall not be u�reas�nab�y withheld. If Bflrrnwer fa�ls t� maintain
<br /> coverage descrzbed abo�e, Lendex may, a� Lender's opti�n, �b�ain coverage �o protect Lender's righ�s x� the
<br /> Property in accordance,wi�h sect�on ti�.led Prote�tion af Lend��'s Rights in�he Prflper�y.
<br /> AI� insurance polic�es and renevvals sha11 be ac�eprable �o Len�Ier and shall i�Clude a s�andard martgage �Iause.
<br /> Lender sha�l have�he righ��o hold the p�Iicies and renewals. rf Lender requires, Borravver shal�promp�ly give to
<br /> Lender a11 re�eipts of paid premiums and rene�vaZ natices. In the event of�a�s, B�rraw�r sha�l give prompt r�o�ice
<br /> �o the insurance carrier and Lender.Lender may make proof of�oss if not made promp�ly by Barr�wer.
<br /> Unless Lender and Borrawer ather�trise agree �n �r-iting, insuranc� proceeds shal� be applied �a restora�ion or
<br /> repair of the Proper�y damaged, if, in Lender's sole discretion, the r�s�arati�n or repair is econornically feasible
<br /> and Lender's securi�y is nat lessene�. �f, in Lender's s�1e �is�re�ron, th� res�ora�ion or repair is not ecanomically
<br /> feas�ble ar Lender's security vvvuld be�essened,the insurance proceeds sha�I be applied�o th�sums secured b�this
<br /> Security �nstrumen�, whe�her or n�� �hen due, wi�h any ex�ess paid t� �orrower. �f Borrovv�r abandons �he
<br /> Property, or dfl�s n�t answ�r wi�hin the number�f days pr�s�r�bed by Applicab�e Lavv as set fflr�h in a no�ice from
<br /> Lender to Borrower�ha��he insurance carrier has offered to s��le a claim, then Lender ma�col�ect the i�suranc�
<br /> proceeds. Lender may use the proceeds �o repa�r flr restore th� Proper�y or�o pay sums se�ured by this Securzty
<br /> �ns�rument,whether or no��hen due. The�eriod�f time far Barrflvtrer to answer as s��for�h in the�.at�ce wil�b�gin
<br /> when the no�ice is given.
<br /> Unless Lender a�.d Borrovver atherwise agree in writing, any�.pplicatian�f proceeds �o pr�ncipa�sha��not e�tend
<br /> or postp�ne�he due dat� of�he paymen�s due under�he Contrac�ar change �he amaunt of��e paymen�s. �f�nder
<br /> the sec�ion�i��ed Accelerativn; Remedies, �he Propert�r is ac�uired by Lender, Borrov�rer's right to any insurance
<br /> pol�cies and proceeds r�sulting fram damage to the Prope�-�y pri�r tfl �he a�quis��ian sha�� pass to Lende� �o �he
<br /> exten�of the sums secured by this Sec�rity Instrt�men�immedia�ely prtar�o the ac�u�siti�n.
<br /> Preservation, Ma�ntenance and Prote�tion �f �he Prope�-�y; �orrowe�ts Loan .�A►.pplicat�an; Leaseh�Ids.
<br /> Borro�t7ver sha�I not d�stray, damage �r in�pa�r�he Properry, allav��he Property�o deteri�rate, or c�mmit was�e �n
<br /> �he ProperCy. Borrovver sha�l be in default if any forfeiture action�r pr�ceed�ng,Whether civil or cr�mina�,is begun
<br /> tha� in Lender's good faith judgmen� �ou�d resu�� in forfei�r� of�he Proper�y or��herwise materia�ly�mpa�r the
<br /> lien crea�ed by �his 5e�ur�ty �ns�rument or Lender's se�uri� interes�. Borrav►rer may cure such a defaul�t and
<br /> reinsta�e, as pravided in se����n ti�led Borr�wer's Righ� �o Reinstate, by causing�he action or pr�ceeding�a be
<br /> dismzssed with a ru�ing that,�n Lender's gv�d fax�h determinati�n,pre�Iudes farfeiture of the Borr�wer's zn�erest in
<br /> the Prflperty or flther ma�teria� impairme�t af the l�en create� by �his Security Znstru.men� or L�nder's secur�ty
<br /> interest.Borrower sha��als�be in default if Borrov�rer,during t�e loan app��ca�ion process,gav�ma�erially fa�se�r
<br /> �naccurate informa�ion or statements to Lender �or failed to provi�ie Lender wi�h any ma�eria� �nforma��on} in
<br /> connection with the laan evidenced b�the �an�ract, If thi� 5ecurity�nstrum�nt�s on a l�as�ho�d, B�rrower sha�l
<br /> c�mply with a���he provisi�ns af the I�ase. If B�rrovver acquir�s f�e t�t�e�o the Property, �he�easeh��d and�h�fee
<br /> ��tle sha11 nat merge un�ess Lender agr�es to the merger in wr��ing.
<br /> Pr�tectifln of Lenc��r's l�ights in th� Proper�y. If Borrawer fa�1s �a perform the c�venants and agreements
<br /> can�ained in th�s 5ecurity Instrument, or there is a legal proceeding that may significan�ly affect Lender's rights in
<br /> �he Property �such as a pr�ceeding in bankruptcy, proba�e, for condemna�ion or forfeiture �r to enfor�e la�vs ar
<br /> regu�a��ans�, then Len�ier may do and pay far vvha�ever is ra.ec�ssary �Q prQtec� the value of the Praperty and
<br /> Lender's rights in the Praperty. Lender's actiflns�nay inc�ude paying any.sums secured by a Iien which has pri�rity
<br /> aver this 5e�urity�nstrumen�, appearing in court,paying reasona�ble at�orneys'fees and entering on�,he Pr�perty to
<br /> make repa�rs.Al�ho�gh Lender may take ac�ion u.nder th�s section,Lender does not hav�to d�so.
<br /> Any amounts disbur�ed by Lender u�.der th�s section shall bec�me add�tional debt tif Bflrravver secured 'by �his
<br /> Security �ns�rument. Unless Borrower and Lender agree �o a�her terms af payment, thes� amounts shall bear
<br /> O 2a�4-2�15 Compliance Sys#ems,In�.8C54-96&F-Z615.I 1.3,1�98
<br /> Cansumer ReaI Estate-Security Instrument DLZD35 Page�of 5 www.cQmpliancesystems.carn
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