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2� 1 �� 1838
<br /> Payment�f Pr�ncipa�and Intere�t; �ther�harges.Barrativer sha�l pr�mptly pay vvhen due the pririci�al of and
<br /> znterest on the deb�ov�red under the Con�ract and late�harges ar an�o�her fees and charges du�under the��ntrac�.
<br /> Appli�abl.e �..►aw. As used in �hxs Secur�ty �ns�rument, �he ��rm "Appli�a��e La�v" shall mean all contro�ling
<br /> applicabl� federal, state and local sta.tutes, regula�ions, ardinances and administrative rules and orders �that have
<br /> �he effec�af Ia�r�as vvell as al�applicable f nal,n�n-appealable�}ud�cial opinrons.
<br /> Chargesg Liens. Barrower shall pay a�� taxes, assessments, charges, fines and �mpas�t��ns attributa.b�e �o �he
<br /> Proper�y tivhich may a��ain pri�ri�y over this Security�ns�rument, and lea�ehold payments or ground re�.ts, if any.
<br /> A��he reques�of Lender,Borrov�er shall promp�ly furnish��Lender receip�s�videncing the payments.
<br /> Borrower shall promptl�discharge any lien which has prxQrity�ver�h�s Secur��y�nstrument un�ess Borrower: �a}
<br /> agrees �n writing to the payment of the obligatian secured by the l�en in a manner accep�able t� L�nder; �b}
<br /> cori�es�s in good fai�h �he Iien by, �r defends agains� enf�rcemen� of�he li�n in, �egal proceedings vvhi�h in the
<br /> Lender's opinion operate t� prevent the enforcemen� af the �zen; or �c� se�ures from �he holder of the Iien an
<br /> agreement satisfac�ory to Lender subordi.n.a��ng the Iien to this Security�ns�iment. rf Lender de�ermines �ha�any
<br /> par� af the Praperty is subj ec�to a lien vvhich ma}�a�tain pr�or�ty over�his �ecurzty�nstrurnent, Lender may give
<br /> Borrawer a notzce iden��fying�he �ien. Borrovver sha1X sa�zsfy the I��n or tak� one or more of the ac�ions set for�h
<br /> above wi�hin 1�days of�he giving of no�ice.
<br /> Hazard flr Propertgr Insur�nce. B�rro,wer shall ke�p �he improvemen�s now exist�ng or herea#�er et ec�ed on�he
<br /> Property�nsu.�-ed aga�ns�l�ss by f re,hazards included wi�h�n the�erm"ex�ended cQverage" and any other hazards,
<br /> inciuding floo�s �r flaoding, f�r which Lender requires insurance. This insuran�e sha�I be mair�ta�ed �n �h�
<br /> am�unts and for the periods that L�nder requires. The insurance carrier providing th��nsurance sha��be�hosen�y
<br /> Borrower subjec� �o Lender's appr�val urhich shal� not be unreasonab�y Wi�hheld. �f Borrower fails �4 mainta�n
<br /> coverage descr�bed above, Lender may, a� Lender's op�ian, obtain c�verage t� prate�t Len�er's righ.ts �n the
<br /> Proper�y in accar�ance with sect�on�it�ed Pr�te�ti�r�of Lender's R�.ghts�n the Property.
<br /> AIl insurance pol�c�es and renewals shall be accep�ab�e to Lender and sha�l include a standard mortgage clau�e.
<br /> Lender sha�1 have�he right t�hald the policies ar�d renewa�s. If Lender requires,BarroWer shall prompt�y give to
<br /> Lender alI re�e�pts of paid premiums and ren�vva�no�ices. In�he even�af loss, Borrnvver shall g�ve promp�natice
<br /> �o�he insurance carrier and Lender. L�nder may ma�e prQaf Qf lflss if n�t made promptly by Borrower.
<br /> Unless Lender and Borrav�rer otherw�se agree in wri�ing, �nsurance pro�eeds shal� �e appl�ed to res�oratian or
<br /> repair af the Pr�perty damaged, �f, �n Len�er's sole d�scre�zon, �he res�ora�i�n or repair is econamxca�ly feasible
<br /> and Lender's secur��}r is no� �essened. �f, in Lender's sole d�scre�ian, �he restorat�on or repair is no�ec�nomically
<br /> feasible or Lender's securi�y wau�d be�essened,the insurance proceeds sha11 be applied�o the sums secured by this
<br /> 5ecurity �ns�rumen�, whether �r no� then due, wi�h any excess paid �o Borrov�rer. �f Borrov�rer abandons the
<br /> Proper�r, or daes not answer,within the number of d�ys pxescr�bed by Applicable Law as se�for�h in a n��ice from.
<br /> Len�er�a Borrower tha�the insuran�e carrier has offered�o s�ttle a cla�m, then Lender may co��ect the ins�.rance
<br /> prticeeds. Lender may use the proceeds to repair or rest�re the Property or to pay sums secured by thi� Secux�ty
<br /> �nstrumen�,Whe�her or not�hen due. The periad of t�me for Borrower ta a�.svver as set forth in th�natice�vill begin
<br /> when�h�na�ice�s given.
<br /> Un�ess Lender and Borrou�er o�a.eru�ise agree in.writing, any applica�ion of proceeds�o prit�a.c�pal shall no�ext�nd
<br /> �r pos�pane the due date of the payments due under the Contract or change the am�un�of�he payments. �f under
<br /> the sect�an�i��ed Ace�lerat��n; R�medies, the Prop�r-t�is acqu�red by L�nd�r, B�rrower's right to any insurance
<br /> palic�es and pro�eeds result�ng fr�m damage �o the Propet-ty priar ta the acquisi�ivn shal� pa�s to L,ender �o the
<br /> exten��f the sums se�ured by this Security Instrumen�immedia�e��pri�r to the acqu�s�txon.
<br /> Pre�erva�ion, �Vlaintenance and Protect�on of the Prvperty9 Bvrrov�ver's Laan Applica��on; Le�seho�ds.
<br /> Borro�vver sha�l not destr�y, damage or impazr the Proper�y, all�w�he Proper�y to deteriorate, or commit�vas�� on
<br /> �he Properry. Barrvurer shal�be�n defaulti if any forf�itux-e act�on or proc�eding}whe�her civil or criminal,is begun
<br /> tha�in Lender's gaod faith judgmen� could res�It in forfeiture af�he Proper�y or ��he�-wise materia��y ixnpair �he
<br /> �ien �reated by �his 5ecur�ty Zns�rument or Lender�s securi�y in�erest. Borrower may �ure such a defaul� and
<br /> reins�tate, as provided in sectxon�itled B�rro�ver's Right ta R�insta�e,by causing th.� ac��an�r prQceeding�o be
<br /> dismissed vvith a ruling tha�,in Lender's good faith deterrn�nation,precludes forf��ture of�he Borr�tiver's in�erest in
<br /> the Property or other ma�erial �mpairmen� of�he Iien crea�ed b� this 5ecurity Instrumen� ar Lender's s�curity
<br /> interest.BorraWer shall also be�n defaul�if BQrrovver,during the loan application process,gave materiall�false or
<br /> inaccurate informati�n or sta.temen�s to Lender �or failed �a provide Lender with any material informatx�n} in
<br /> connec��on with the laan evidenced by�he �on�ract. If this S�curi�y Ins�rum�n�is on a Ieasehold, Borrovver sha�l
<br /> comp�y wi�h a�I the provis�ons af the�ease. �f Bflrrov�rer acqu�res fee�i�le to�he Property,�he leasehold and�he fee
<br /> ti�Xe shall not merge unless Lend�r agrees�a�he�nerg�r in writ�ng.
<br /> Prate���on of Lender's R�ghts in the Property. If B�rro�ver fails �a perform �he covenan�s and agreemen�s
<br /> con�ained�n this Securi�y Zns�rument, or�here is a legal proceeding�ha�may signif cantly affec�Len�er's righ�s in
<br /> the Properry �such as a proceedzng in bankruptcy, prabate, for condemr�at��n or forfe�ture �r ta enforce 1av�rs or
<br /> regulations}, then Lender may da and pay for �vha�ever is necessary to pr�tec� the value of�he Property and
<br /> Lender's r�gh�s�n�he Property. Lender's actions may include pa�ing any sums secured by a lien vvh�ch has prior�ty
<br /> over�h�s Securi�y�nstrument,appearing in court,paying reasonable attorneys'fees and en�ering an the Proper�y�Q
<br /> make repairs.A�though Lend�r may�ake ac��on under�h�s sec�ian,Lender daes not have tfl do sa.
<br /> A.ny amoun�s disburse� by Lender under �his s�ction shal� become addi�ional deb� of Borrovver secured by �his
<br /> Securxty �nstrumen�. Unless B�rrou�er and Ler��.er agree to �ther �erms flf paymen�, these amoun�s shall bear
<br /> L�2a��4-2Q15 Compliance Systems,Inc.SC5�4-F2E9-20]S,T 1.3.1�98
<br /> Consumer Real Estate-Security Tnst�ment DL2�36 Pa�e 2 vf 5 www.cvmpIiancesys�ems.cam
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