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2� 1 ��218�
<br /> Payment af Princ�pal ar�d In�eres�; �ther Charges.Borrotiver sha:Il��rarnptly pay wh�n due the principal�f and
<br /> in�erest on the debt ow�d under�he �ontract and late charges ar any��her fe�s and charges due under the Con�ract.
<br /> Applicable Lav�. As used in �his 5ecurity Ins�rumen�, the �erm "A�fp�icab�e Lav�r" sha�� mean a�� ��ntralling
<br /> applicable federal, state and lacal �ta�u�es, regula�tons, flrdinances and adm�nistra�iue rules ar�d �rders ��ha�have
<br /> �he effect of�aw�as we��as al�app�icable final,non-appealable judicia�vpini�ns.
<br /> Charges; LienS, Borrovver sha1l �ay a1I taxes, assessmen�s, charges, fine� and imposi�ions at�ribu�bl� t� the
<br /> Proper�y vvh�ch may a��ai�pr�arity flver�his Security�nstrum�n�, an.d I:�as�ho�d paymen� or ground ren�s, if any.
<br /> At the reques�af L�nder,Borrower�hall prompt�y furnish to Lender receipts e�idencing the paymen�ts.
<br /> Borrovver shall prompt��discharge any li�n Which has priorifiy ov�r this S�curity�nstrument un�ess Ba�rravver: �a}
<br /> agrees in wri�ing �o �he paymen� af the obligation secured �y th�: �if�n in a manner accep#able to Lender; (b}
<br /> con�ests in g�od fai�h the Iien by, or defend� against enforcemen� of 1:he l��n in, Iegal proceedings vvh��h in the
<br /> Lender's op�nian opera�e tQ prev�r�t the enfarcement of the Iien; or �c} se�ures fr�m the holder af the Ii�n an
<br /> agreement sa�isfac�ary ta Lender subardinat�ng�he 1i�n�o thi� Security �nstrument. �f�ender determ�n�s�hat any
<br /> par�of�he Pr�perty is su�ject to a lzen vvhich may attain priority o�aer this 5ecurity Yns�rumen�, Lender rnay give
<br /> Borravv�r a no�ice identify�ng the lien. Borr��ver sha�� sa�isfy�he li�.n c�r�ak� one or mare of�he actions se�for��
<br /> above wirhin 1�days of�he gzving af nfltice.
<br /> Hazard or Pr�perty Imsurance. B�rrnv�rer shall keep the improver.r�en.�s n�,w existing�r hereafter erec�ed�n the
<br /> Property znsured against los�by fire,hazards�nc�uded within�he�erin"ex��ended coverage" and any�th�r ha�ar�s,
<br /> including flaods �r fl�ading, for �rhzch Lender requires insuranc�. 7�hi� insurance sha�� be m.aintai�ed ir� the
<br /> am�unts and f�r the period��hat Le�der requ�res. The insurance carrier providing�he insuranc�sha��be ch�s�n by
<br /> Sorrower subl�c� �fl Lender's appr�va� ,which shall nat be ux�reas��-�ably �vithheld. �f Borrower fa�ls to rna�n�ain
<br /> coverage desGribed above, Lender may, at Lender's op�i�n, �btain c av�rage tfl pro�ect Lender's rights �� �he
<br /> Property in accordan�e vv�th sect�on titled Protec�ion�f Lend��-'s R:�gh�s in��e Prop�rty.
<br /> A�� �nsurance policies and renewals sha�l be accep�able to Lender �nd shal� �n��ude a stai.ndard mortgag� cl�.use.
<br /> Lender shall have the right to ha�d the palxcies and renewals. Yf Lender requires, Borr�wer shall promp�Iy g��ve�o
<br /> Lender aI�receipts of paid prem�ur.�.s and renevva�no�ices, I�.th� ev�nt of Io�s, Borrower sha��g�ve promp�natice
<br /> to the insurance�arrier and Lender.Lender may ma�e pr�of�f�oss if nt��m�de promptly by Barrovver.
<br /> Un�ess Lender and Borrov�er o�herwise agree in writing, �nsuranc� p��oceeds sha�� be applied to r�s�or�.tion or
<br /> repair of the Property darnaged, if, in Lender's sole d�scre���n, �he res�tora�i�n or repair is economica��y feas�ble
<br /> and Lender's securi�y is not lessened. If, in Lender's so�e discre�ion, the r�s�aratian or repair is n�t economically
<br /> feasible or Lender's security�vauld be�essened,�he insurance pr��eeds�,ha�1 be applied��the sums secu�ed b��his
<br /> Secur�ty Instrument, �vhether or not then due, wi�h any ex�ess paid t� �arr�vver. If Barrower abandon� the
<br /> Praperty, or does not an.svver within�he numb�r�f days pres�r�bed by A.pp��cabl�Lav�r as se�for�h�n a notice from
<br /> Lender�� Borrower�ha��he zn�ura�ce carrzer has offered to s�t��e a cla,im, �lzen Len�er may callect�he��.surance
<br /> proceeds. Lender may use �he proceeds tn repair or res�flre th� Pro��er�.y or to pay sums secured b�th�� Security .
<br /> Ins�rumen�,vvhether�r nat then due.The per�od of��me for Box�vvvea-to ansvver as set forth in�he notice vv�il�eg�n
<br /> when the notice is given.
<br /> Unless Le�der and Bflrr�vver otherv�rise agree in writirig, any�.pp1iC��t�o:�.of pra�eeds��pr�nc�pal sha�l�o�ex�end
<br /> or postpone�he du� date of the pay�nents due under�he Cantrac�ar ch��nge �he amount of�he paymen�s. If under
<br /> �he sec��an�i�Ied Acceierat�fln; Remedie5, the Propert�r is acquired by Lender, Borro�xrer's right to any insurance
<br /> po�ici�s and proceeds resulting fror� damage �o the Prope�-Cy�ri�r ta t.he acquis�tion sha�1 pass �� L�n�er �o the
<br /> ex�ent af the sums secured by th�s Securi�y Instrument immed�a�ely prior ta�he acqu�sition.
<br /> Pr�ser-�ation, IViaYntenar�ce and Protection of �he Proper�y; BR�r��ov�e�'s Laan �.ppli�ation; Lea�eh��ds.
<br /> Barrovver sha��na�t des�roy, damage ar�rnpair�he Praperty, al��w�h�e P:roper�y t� deteri�rat�, ar comm�t v4ras�:e �n
<br /> the F�rvper�y. Borrower shail be in default�f any forfe�ture ac�i�n or�roreeding,whe�her c�vii or�rimina�,is begun
<br /> �ha�in Lend�r's good fai�h�udgmer�� could resu�t�n f�rfeiture af�h� P��ope�-�y or othe�-urise ma�eria�ly�m.pair the
<br /> lien crea�ed by this SeCur�ty Ins�rumen� nr Lender`s security in�erest, Barrower may c�re such a d�fault and
<br /> reznsta�e, as provided�n section titled Borrower's Righ� �o R�ins�a�te, by caus�ng�he ac�ion or proce�ding i:� be
<br /> dismissed vv��h.a ruling�hat,in Lender's gaod faith de��rminatiar�,pr�clL�des fflrfeiture of�he Borr�tiver's in�er�st in
<br /> �he Pr�perty or other ma�erial impairmen� af the lie� created by th�s Sec�rity In�trumen� or Lender's sec�urity
<br /> interest.Borrower shall alsa be in defaul�if Borr�wer,during�he loa�r�a��pl�cat�on process,gav�mater�a��y fal�e�r
<br /> tnaccura�e infarma���n or s�a�ements ta Lender �ar failed tfl provide �Lend�r wi�h any materia� informatxon} in
<br /> cannec�ion v�i�h the �oan evidenced b�the �on�ract. If th�s Securi�y�nL��rument�s on a Ieaseho�d, Barrower�ha1l
<br /> c�mply w�th aII the pravisions af the�ease. If B�rrawer ac�uixes fee�itl���a t.�e Praper�y,�he�easehold and�h�fee
<br /> �itle sha��not merge unles�Lender agrees to�he merger in wri�ing.
<br /> Prot�ctiQn of L�nder's l�ght5 in the Prop�rty. If Borrovver fa�].s ��� �erf�rm �he cnvenants and agreemen�s
<br /> con�ained in�his Securi�y Ins�rumen�, or�here�s a�egal prflce�ding�hat may s�gnificantly affect Len�er's rights �n
<br /> �he Property �such as a proceeding in ban�rup�cy, probate, far conclemnatian or fnrfeitur� or ta enforce �a�vs or
<br /> regu�ati�ns}, �heri Lender may do and pay f4r �vha��ver is necessa�ry to pratect �he va�ue of�he Praper�y a.nd
<br /> Lender's rights in�he Property. Lender's a��ions may incluc�e paying any surn5 secured by a lien vvhi�h has priority
<br /> over�h�s 5ecu.r�ty Ins�rument, appeaxing i.n cour�,paying reasonable a�t�orneys'fees and e�tering on the Pro��r�y��
<br /> mak�repa�rs.Al�hough Lender may�a�e actzon under�his secti�n,Lend��r does not have ta da so.
<br /> A.ny amounts disbursed by L�nd�r under this sectian sha�I bec4me adt���ional debt of B�rro�wer secured by th�s
<br /> Se�urity �nstrumen�. Unless B�rrawer and Lender agree t� ��her �.err�zs of payment, �hese amoun�� sha�I bear
<br /> C�2�a4-2flI5 Car�pliance Systerns,Inc.8C5�-FEBE-24]5.11.3.I098
<br /> Cflnsumer Rea!Es�ate-Se�urity Ir�strc�ment DL2436 Pa�e 2 of 5 www.c�mpliar�cesystems.c�m
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