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<br /> Pa�ment of Pr�ncipal and Intere5�; Uther Charges.B�rr�v�rer shal�promp�ly pay when due th�principal of and
<br /> interes�an�he�el�t av�ed under the�ontrac�and 1a�e charges��r any ather fees and charges due under�h�Con�ra��.
<br /> Applicab�e Law, As used in th�s Security Ins�rumen�, �he term "Appl�cab�e Law" shal� mean a�l r�n�ro���ng
<br /> applicable f�deral, state and �ocal statut�s, regulations, ordins�nc�s an� adminis�rat�ve ru�es and orders �that have
<br /> �he effec��f Iav�r�a��wel1 as a�l applicable final,non-appealab�+�judicial�pinions.
<br /> Charges; Liens. Borrovcrer sha�I pa�r alI taxes, assessmen�s;. charges, f nes and imposi�ions a�tributa.�le �a the
<br /> Proper�y wh�ch may atta�.pr�ority a�er this Security Instrum+�n�, and Ieaseho��paymen�s or ground re�ts, �f any.
<br /> At the reques�of Le�der,Borrower shal�promp��y furn�sh to L,ender r�ceip�s evidencing the payments.
<br /> Borrower shal�pror�pt�y d�scharge any�zen�vhich has priarifi�over th�s Securi�.y Instrument unless Borrovver. �a}
<br /> agrees in wr�ting to �he paymen� �f�he abliga�i�n secured by �he lien in a manner accep�able to Lender; �b�
<br /> contests in gafld faith �he lien by, or defends aga�ns� enfarc�;ment of the ��en �n, ��gal proceedings w�ich in �he
<br /> Lender's apin��n apera�e ta preven� the enfor�emen� af the lien; or (c� s�cu.res frflm �he halder of the lien an
<br /> agre ement satisfact�ry to L�nder�ub ordinating�he �ien to thi;� S ecuri�y Ins�rument. If Lender determin�s that any
<br /> par��f the Property is subj ect t� a Iien�rhich may attain pric�rity �ver �his Secur�ty rns�rumen�, Lende.r may give
<br /> B�rravv�r a notice iden�ifying the �ie�. Borrovirer shal� satisfy the lien or take one or more of the actions set for�h
<br /> above Wi�hzn ��days af the g�v�ng of natice.
<br /> Hazard or Prnperty Insurance. Ba�-rovver sha11 keep the�m��ravem�nts no�v existing or hereafter ereG�ed on�he
<br /> Proper�y insured agaznst Ioss�ay fire,hazards in�Iuded vv�thin#:he�erm "'extended coverage" and any fl�h�r ha�ards,
<br /> inc�uding floads or flQading, ftir �vhich Lender requires �n��urance. This insurance shall b� main�axned in �he
<br /> amoun�s an�.for the peritids�ha�Lender requires. The insura��:e�arrier providing the insurance sha�l be chasen by
<br /> Bflrr�vver subj ect �� Lender's approval wh�ch sha�I n�t be u��reasanably wi�hheld. Yf Borrovver fai�s t� ma�ntazn
<br /> caverage descr�bed abQve, Lender may, a� Lender's op�ion, obtain cflverage to prote�� L�nder's r��h�s �n �he
<br /> Proper�y in accorda�ce with secti�n�it�ed Protect�vn of Lend�r's R�ghts�n the Property.
<br /> A�l in�urance palici�s and renetiva�s shal� be acJcep�a�Ie ta L��nd�r and sha�1 include a standard m�rtgage c�ause.
<br /> Lender shall have the righ��to hald th.e p�licies and renewa�s. If Lender requires, Borrav�er shal�promp�ly g�ve to
<br /> Lender a1�receipts of paid prem�ums and renewal r�o�ices. In��h� even�of l�ss, B�rroyver sha��g�ve prompt natice
<br /> to�he insurance�arrier and Lende�.Lender may make pr�of�j�'�oss if not made promp�ly by Barrov�er.
<br /> Un�ess Lender and Borro�rer other-v�ise agr�e in wri�ing, in�aurance proceeds shal� be app�ied �o res�:oratii�n or
<br /> repair of the Proper�y damaged, if, in Lender's sale discre�ifl:n, �he r�s�oratian ar repair �s economically feasible
<br /> and Lender's secur�ty is na�lessened. �f, in Lender's sole discre��on, the res�aratzon or�epair is nat econamically
<br /> feasib��or Lender's security wou�d be�essened,�he ins�.rance��raceeds sha��be applied t��he sums secu.red by�his
<br /> S e cur�ty Znstrument, �vh��her or nflt then due, v�rith any ex�J ess p aid to B orrovver. �f B orr�v�rer abandans the
<br /> Property, or does not ans�ver urithin�he number�f days prescr�bed by Applicable Law as set�'or-�h x�.a����ce fro�n
<br /> Lend�r to BorroWer�ha��he in.surance carrier has offered to s�t�le a claim, then Lender m.ay collec��h� insurance
<br /> proceeds. Lender may use �he pr�ceeds to repa�r or rest�re t��e �'rop�rfiy or to pay sums secu.red by th�s 5ecuri�y
<br /> Ins�rumen�,vvhe�her�r n��.�hen due.The period�f t�me for Borra�er��answer as se�forth in�he no�ice�will begin
<br /> ,when�he n�tice is given.
<br /> Un�ess Le�.der and Borrower oth�rwise agree in wri�ing, any i�ppl�ca�i�n of proceeds t�pr�ncipa�shal�riat extend
<br /> ar postpone the due date of the paymen�s due under�he C�nt��ac�or change the amou��of the paymen��. �f u.nder
<br /> �he se��ion�itled ACceleratian; Rem�d�es, �he Pr�perty zs acc�uir�d by Lender, Borrower's right t� any�nsurance
<br /> policies and proceeds resulting from damage �o t�ie Prape�-ty prior tfl the acquisition shaX1 pass �a Ler�der to the
<br /> exten�t of�he sums secured by this 5ecur�ty�ns�ru.men�immed����el�pr�or to the acquisi�i�n.
<br /> Preservat�on, Ma�ntenance and Pratection of the Prope:��y; Borrawer's Loan App�xcat�on; L�aseho�ds.
<br /> B�rrower shall no�destra�, damage ar irnpair the Property, al:��tiv�h.e Pr�perty�� de�eri�rate, or commi�waste fln
<br /> �he Property.Borra,wer shall be in defau�t if any farfezture act�+�n�r proceeding,vvhe#xier czv��or criminal,is begun.
<br /> that in Lender's goad faith�udgmen� could resu�t in forfeiture; flf the Property or a�he�-wise materially impa�r the
<br /> li�n created by this Secur�ty Zns�rumen� ar Lender's securit�� �nteres�. Borrov�rer may cure such a d�fau�t and
<br /> re�ns�a�e, as provided in sec�ian titled Borrower'�Right to N�eix�sta�e, by causing�he ac�ion or proceeding to be
<br /> d�smissed v�r��h a ru�ing tha�,�n Lender's g�ad faith determ�na���n,precludes farfeiture of�he Borrov�er`s interes��n
<br /> the Pr�perty or o�her material impairm�nt af�he Iien crea�ed by �his 5e�urity �ns�rume�t or Lender�s secur�ty
<br /> in�eres�. BarroVver shall als�be in defau���f Borro�ver,durzng the loan app�ica�ian process,gave ma��rially fa�se�r
<br /> inaccura�e infarrnation or sta.tements �a Lender �or failed �o pr�vide Lender v��th any materza� �nforma�ian} in
<br /> connect�an with the �oan �videnced by �he Contrac�. rf#his S�:curity�ns�rument is on a leaseho�d, Borr�wer sha�I
<br /> c�mply wi�h a�l#he pravisians of the lease. �f Barrourer acquir��s fee��t1e to the Proper�y,the�easeho�d and the fee
<br /> t�t�e shall no�merge unless Lender agrees to the merger in wr��ti ng.
<br /> Protection of Lender's Righ�s �n th� Prap�r�y. If BarrouTer fails ta perform the �ovenants and agreemen�s
<br /> contained�n�his Securi�y Instru.ment, or there �s a legal proce��ding that may significan�ly affect Lender's r�ghts in
<br /> �he Property �such as a proceeding in bankruptc�, prabate, far condemnatian or forfeiture �r�a enf�r�e laWs ar
<br /> regulations�, then Lender may da and pa� for urha�ever is r.�ecessary to pro�ect �he value �f the Property and
<br /> Lender's rights zn the Property. Lender's actr�fls may include p��ying any sums secured by a lien v�r�ich h�.s priority
<br /> over�h�s Securx�y Ins�rumen�, appear�ng in cnurt,paying r�aso:�able at�arneys'fees and en�er�ng on�i.e P'roperty t�
<br /> make repairs.Although Lender may�ake ac�ion under this section,Lender does nQt ha�re to d�so. �
<br /> Any amounts dxsbursed by Lender under �his sectian sha�l b��c�me addi�ional de�t of�3orrower secur�d by �his
<br /> 5ecur�ty Instrument. Un�ess Barrovver and Lender agree �o ��t�ier t�rms af payment, these amoun�s �ha�I bear
<br /> C�Z�Q4-��I S Compliance Systems,Znc.$C5�-DDSA-2Q I5.I 1.3.1�98
<br /> Cansumer Real Estate-Secur�ty InstnFment DL2a35 Page 2 af 5 vvww.c�mpIiancesys#ems.com
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