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2� 1 �� 1974
<br /> Payment of Principal and In�erest; �ther�Jharges.Borro�er shall prompt�y pay when due�he pr�ncipal of and
<br /> zn�erest❑n�he debt o�ved under the�on�ract and Iate charges ar�.ny o�ier fees and charges due under�hP�flntrac�.
<br /> A.pplicable Lavv. As used �.n this Secur�ty �ns�ru.ment, �he term "Applicab�� Law" shall mean a1� �antro�Iing
<br /> appl�cable f�deral, state and �acal s�a�utes, regulations= �rd�nanc�s and administrative rules and orders �that have
<br /> the effec�of�aw�as vve��as aIl app�icable fznal,nnn-appealabl�ju�licial�pin�ons.
<br /> �harges; Liens. Borroyver shall pay al� �axes, assessmen�s, charges, fines and �mpnsitions attribut�ble to �he
<br /> Prop erty tivhich may at�a�n prior�ty over�his S ecurity Instrum�n�, and le asehold p ayments or gr�und re�.ts, zf any.
<br /> At�he reques�af Lender,B�rrflvver shal�promptly furnish to Lender receip�s evidencing�he payments.
<br /> Borrower shall prompt�y dzscharge any Ii�n vvhich has prior�t��ver this Se�uri�y�nstrument un�ess B�rro�rver: �a}
<br /> agrees in wr�t�ng �a the payment of the obligat�an secured by the �ien in a rnanner acceptab�e to Lender; (b}
<br /> �on��sts in good faith the lien by, or defends agains� enforc�men� of�he lien in, Iegal pr�ceedxngs vvhich in �h�
<br /> Lender's opin�on operate �a prevent the enf�rcement of the lien; or €c} secures from, the holder of the Iien an
<br /> agreemen�satisfactflry�o Lender st�bordina�zng the ���n�o �hi� Security Instrumen�. If Lender determ�n�s tha� any
<br /> par� of the Property is subj ect to a �ien which may a��ain priori�y over this Security�ns�rum�ent, Lender may gi�re
<br /> B�rroWer a n�t�ce iden�ifying the lien. Borro�wer sha11 satzsfy the l�en or tak� one �r more of the actior�s se�forth
<br /> above Uv�thin 1�days of the gi��ng�f natice.
<br /> Hazard or Propert�Insurance, Bo�-ro�rer sha��keep �he impravemen�s navv e�is�ing or hereafter er�cted�n�he
<br /> Praperty�nsured agains�l�ss by f re,hazards included vvi�hin�he�erm"extended coverage" and any o�h�r ha�ards,
<br /> including flaods or fl�oding, for vvhich Lender requires insurance. This �n�uran�e shal� be main�ai��ed in �he
<br /> amounts and for�he periods that Lender requires. The insurance carr�er providing�h�insurance sha�l be chosen by
<br /> Sflrrou�er subjec� ta Lender's approva� vvhxch shall nat be ur�reasariab�y wi.th.held. �f Barrower fails t� ma�nta�n
<br /> coverage described above, Lender may, at Lender's �ption, �b�ai,n caverage ta pro�ect Lender's righ�s in �he
<br /> Property in accardance�vith section ti�ied ProtectiQn of Lend�r's R�ights in�he Pr�per�y.
<br /> AI� insurance palic�es and rene�t7vals shall be accep�ab�e ta L�nder and sha�I include a standard mor�gage clause.
<br /> Lender shall have the righ�ta ha�d�he p�licies and rene�va�s. �f Lender re�uires, Borrower sha�l prornp��y g�ve�a
<br /> Lender a�l receipts of paid prem�ums and r�newal n��ices. �n the even�af�oss, B�rrayver sha�l give pra�npt notice
<br /> to the insuranc�carr�er an�Lender. Lender may make proof of�oss�f n��made promp�ly by Borrovver.
<br /> Unless Lender and Bnrrower otherwise agree in wri�ing, insurance praceeds shall be app�ied �o res�nra��on or
<br /> repa�r of�the Proper�y damaged, if, zn .Lender's sale discre�z�n, �he restoration or repazr is econom�cal�� feasible
<br /> and Lender's security is n�t lessened. �f, in Lender's sole discret�on, the restora��on or repair is not ec�nornicai�y
<br /> feasible or Lender's securi�y�rvauld be lessened,the�nsu.rance proceeds shal�be app�ied���he sum�secured by this
<br /> Security Yns�rument, vvhether or no� tihen due, with any excess pa�d to Borrflwer. If Borravver abandons �he
<br /> Praperty, or d�es�.o�answer w�thin�he number af days prescribed by Applicable La�r as set forth in a n��zce from
<br /> Lender to Borrower tha�the insuranc� carrier has offered�� s�t�l� a cla�m, then Lender may co��ect the in�urance
<br /> pr�ceeds. Lender may use the proceeds to repair �r restore t�.e Pr�per�y �r�a pay sums secured�by this S�cur��y
<br /> �nstrumen�,vtrhether ar no�then due. The peri�d af time for B��r�Wer�o answer as set f�r�h in�he no�ice vv���begin
<br /> �vvhen�he natice zs given.
<br /> U��ess Lender and I3orrower o�herw�se agre� �ri�rri��ng, any appl�ca�ian of proceeds ta principa�sha�l not extend
<br /> or postpone the due da�e�f the paymen�s due u.nd�r the �on�r�ct ar�hange th� arnount of the payments. If u.nder
<br /> t�ie section t���ed AcCe�eration; Remed�es, the Property is ac�uired by L,ender, Barra�t�ver's r�ght�o any insurance
<br /> po�icies and praceeds resulting fram damage to the Property pri�r ta �he acqu�sit�nn sha�� pass to Lender to the
<br /> ex�en�of the sums�ecured by this Security Instrumen�irnmedia�ely priar to�he ac�uisi��on.
<br /> Preserva�ion, �Iafntenance and Protect�on af the Praperty; BQrrower's Loan App��ca�i�n; L�aSeho�ds.
<br /> Bo�-r��vver shall not des�r�y, damage or impa�r the Prop�rty, allow the Praper�y�o deter�orate, or commi�,t7vaste �n
<br /> the Property.BorroWer sha�l be in defau��if any forfeiture action or praceeding,v�rhe�her civil or crimina�,is begun
<br /> tha� in L�nder's good fa�th judgment could resu�t in forfeiture af�he Property or ��herwise m.aterial�y impair the
<br /> lien creatied by �h�s Securi�y �nstrument or Len�.er's securi�y interes�. Borrawer may cure such � default and
<br /> re�ns�a�e, as provided in sect�on�itled Borro�ver's l�ight to Reir�state, by causing�he action or pr�ceeding to be
<br /> dism�ssed�vi�h a rul�.n.g�hat,in Lender's good faith determina�ion,prec�udes farfeiture tif the Borrawer's�n��rest in
<br /> the Proper�y �r other n�.a�.erial irnpairment of the Iien created by th�s Se�uri�y Ins�rurnen� or Lender'� security
<br /> �nterest.Barrower shall a�sa be in default if Borrower,during�h�loan appli�atz�n process,gave mat�rial�y false or
<br /> �naccurate �nforrnat�on �r statemen�s �o L�nder �or failed to provide Lender v�i�h any material infQrmati�n} �
<br /> connectzan vvi�h �he loan evidenced by �he Contrac�. If�his Se�urity Instrurnent is an a leaseh�ld, Borr�v�er shall
<br /> comply Wi�h a�l the prov�s�ons❑f�he lease. If B�rrovver acquires fee t�tle to�he Pr�perty,the l�aseha�d and the fee
<br /> �itle shall not merge unless Lender agrees to#:he mer�er in wri�ing.
<br /> Protec�ion of LenderTs Rights in the Property. If Borrovv�r fai�s to perform the cover�ants and agreexnen�s
<br /> contained�n this Securi�y Tns�ru�rnent, or�here�s a Iegal proceeding tha�may s�gnificantly affect Lender's r�ghts in
<br /> the Property �such as a proceed�ng in bankruptcy, prabate, for condemnatian ar forfeiture or �o enforc� Iaws or
<br /> regula�ians}, then Lender may dn and pay f�r vt�ha�ever is n�cessary �o protec� the value of�he Pra�erty a.nd
<br /> Lender's rights in the Property. Lender's ac�ions may�nc�ude p�ying any sums se�ured by a��en which has pr�orx�y
<br /> �ver thxs Secur�ty Instrument, appearing in court,paying reasor�ab�e a��orneys'f�es and en�ering�n�he Property�fl
<br /> ma�e repa�rs.Al�hough Lender may�ake actian under�his section,Lender does nat have to d�so.
<br /> Arny amoun�s disbursed by Lender under �his sectio� shall be�ame addition�I deb� of Barrovver secured by this
<br /> 5e�ur�ty �ns�r ument. Unless Barrawer and Lender agree ta a�her terms of paymen�, these amaun�s sha�� bear
<br /> C�2��4-24I5 Campliarice Systems,Inc.8C54-�38B-2�15,I 1.3.1�9$
<br /> Cvnsumer Rea�Estate-Secu�ity Inst�ment DL2436 Page 2 vf 5 www.camplian�esysterr�s.�vm
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