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2� 1 ��2593
<br /> Payrnent�f Principal amd Interes�; Qther t��argese Borravv�r sha1l pramptly pay vtrhen due the prxncipa�of and
<br /> in�erest on�he deb�owed under the�ontract�nd�a�e charges or any�ather fees and charges due under the�ontrac�.
<br /> AppliCab�� �av�. As used in. t�is Secur��y �nstrument, �he term "Appli�ab�e Law" �ha�� mean alI c�ntralling
<br /> app�i�ab�e federal, s�a�e and �oca� statutes, r�gu�ations, ordina�ces and admin�s�rative rules and orders (�hat have
<br /> �he effect of law�as vvell as a1�app�icable�na�,nan-appea�able judicial apini�ns.
<br /> Ch�rges; Li.ens4 Borrn�ver sha1l pay a�i �ax�es, assessmen�s, char�es, f ne� and �m��os�t�ons a�tributa.ble t� �he
<br /> Froperty which may a�ta�n priority�ver this �ecurity�nst�umen�, and leas�h�old pa�m�ents or ground rents, if any.
<br /> A��he re�ues��f Lender,B�rrovver shal�promptly furnish�o Lender receip�s��idencin.g�he paymen�s.
<br /> Borrower sha�I p�ampt�y discharge any�ze�.yvh��h has prxor�ty�ver�h�s S�curity Ins��:-urr�en�unless B�rro,t�ver: �a}
<br /> agrees in writing to �he paymen� of�he obliga�i�n secureci by �he lien �n a manne:r accep�ab�e �� Lender; �b�
<br /> con�es�s �n ga�d faith �he lien by, or defend.� agafnst enforcemen� E�f�the Ii�n in, leg;a� pr�ceedings which in �he
<br /> Lender's apinian opera�e �o pre�en� �he enfor��ment of t.�.� ��en; cyr �c} serures fra�r� �he halder of the li�n an
<br /> agreem�n�sa�xsfactor�ta Lender subard�nating�he lien ta �h�s Security�nstrumen�. If Lender deterrnines�hat any
<br /> par� of�he Proper�y is subject to a �ien which rr�ay attain priority o�rer thzs ��curzty��r��trumen�, Lender may give
<br /> Borro�rer a not�ce �dentifying�he�ien. Borro�ver sha�� sa�isfy the liEn�r�ak� one �r rnare of�he ac�iar�s se�forth
<br /> above wzthin 1�days af�he giving�f not�ce.
<br /> Ha�ard nr Prop erty Insuran�e. Bo�-rov�rer shall keep the improvennen�s nQ�existin�;or hereafter erected�n�he
<br /> Property insured against Iass by�re, hazards inc�uded vv�thin�he�errn"exti�nded cove�•age" and any atiher hazards,
<br /> includ�ng �laods or flood�ng, f�r ti�hich Lender requires insurance. This �nsurance �ha�� be ma�n�ained z�z �he
<br /> amoun�s and for the periods�ha�Lender requires. The insu.ranc�carr�er prvviding the i�surance shall be chosen by
<br /> Borrower subject ta Lender's approva� vvhzch shall no� be unr�asonably �ri�hheld. �f�3orr�vver fail� to main�arn
<br /> co�rerage described abo�e, Lender may, at Lender's op��on, abta�:�. coverage to pr���ec� Lender's r�ghts in the
<br /> Property i�.accordance u�ith sectinn ti�.���i Pr�te��i�an of Lender's R�ights xn�he Pr�p��r�y.
<br /> A�� �r�surance policies a�.d rene�ral� shall be accep�ab�� to Lender ��nd sha�� include �� �ta�.zdaxd mor�gage cl�use.
<br /> Lender shall have the r�gh�to hold the pol�c��s and reneurals. If Lender requ�res, Borr�v�er sha��prompt�y g��re to
<br /> Lender a1�recei�ts�f pa�d prenuums and ren�wal�xa�ices. In�he ev��n�of 1oss, Borrfltiver sha1l give pr�mpt no�ice
<br /> �o�he insurance carrier and Lender.Lender m�.�r�make pro�f of lass i��'no�made pramp�:ly by Borrov�er.
<br /> Unless Lender and Barrawer a�herwise agree in wr���ng, �nsuranc�� prac�e�s sha11 ��e applied to res�ora�ion or
<br /> repair of the Pr�per�y damaged, if, in Lende,r's sole dzscretion, �he r�storati�n or repair is economicaily feas�ble
<br /> and Lender's se�uri� is ��� lessened. �f, in L�nder's sol� discretion, �he res�aration o:r repair�s not �conomzca��y
<br /> feas�lile�r Lend�r's securi�y wou�d be lessened,�he�nsurance pr�ceeds sha��be appliecl t��he sums secu.�ced by�hxs
<br /> Securi�y Ins�runr�ent, vv�h��her �r n�� �hen d�ze, w�ith any excess p�aid ti� ��rrov�rer. If �orrav�rer abandons the
<br /> P�roperty, �r doe�nflt ansvc��r wi�hin�he numb�r of days prescr�bed b,y App�icable L�aw as set for�h in a notice from
<br /> Lender to �orro�ver tha��he insurance �arr��r has flffered�fl settle a claim, �hen Lend��r may collec�the �nsurance
<br /> prticeeds. Lende�may u5e the proceeds t� repair or res�ore th� Pr�perry or �o pay sums secured by�his Security
<br /> �nstrument,whether or no�then due. The period af��me fog Barrowe�-�o answer as set#orth in the nat�ce vv��l�eg�n
<br /> �vhen the no�ice is given.
<br /> Unless Lender and Borrourer otherwise agree in�ri�ing, �.ny app�ic����on of prflceeds �:o principal sha�l not e�tend
<br /> or postpone the due da�� of the payments du�u�der the �ontract or change 1.he amou���of�he payments. If under
<br /> the sect�on ti�1�d A�eeleration; Remedies, th.e F'roperry is acquired by Lender, Borrower's rzgh�to any insurance
<br /> po�ic�es and proceeds resu�t�ng from da.mage �� the Praperty pri�r �fl �he acquxs�t�on shal� pass to Lender �o the
<br /> ex�ent of�he sums secured by this Secur�ty Ins�rument immediate�y p�rior��the acquisiti�n.
<br /> Preservat�on, Ma�ntern�nce and Pratectiom �f the Property; �►orrov�ven'S Lflan Applicat�on; Lea�eh�ids.
<br /> Borrower shall na�destroy, damage ar�rnpair�th�Proper�y, al��w th�e Proper�y�o deter��rate, or commit�tnrasl:e an
<br /> the Propexfiy.Bnrro�er sha��be zn defau�t�f any farfeiture actian or proce�d�ng,,t�vhe��Z��r civil or criminal,is b�gun
<br /> �hat xn Lender's gflod fai�h�udgment cauld r�sult in forfe��ure af th� Praper�y �r o�h�,�-�v�s� ma�erially impai� the
<br /> Iien crea�ed by �his Secur�ty 7nstrumen� �r Lender's securi�ty in�erest. Borra�ver m��y cure such a defau�t and
<br /> re�ns�a�e, as provided in�ec��an tit�ed Bvrr��ver's Right t� R�ins�a��e, by caus�ng�h�; action or pro�eeding i:o be
<br /> dismissed with a ru�i.ng that,in Lend�r's g�od fa��h de�erm�na�ion,prf�cludes forfeiture��f the Borrower's�n�er�st�n
<br /> the Proper�y or �ther mater�al impa�rmen� af�he Iien created by this Security Instrumen� or Lend�r's sec�rity
<br /> �nterest.BorroW�r shall also be in defau��if B+�rravver,dur�ng�he��a:r�appl�c�.t�on prflcess,gave materia��y faX�e ar
<br /> znaccurate inforx�.a�ion �r sta.tements ta Lender �or fa�led �a provx�e Lender vvith a��� material infarmat�on} in
<br /> connect�on with�he �aan evidenced by the ��ntrac�. �f th�s S�curity�nstrument is on �a�easeho��, Borrovver shall
<br /> �omp�y with aI�t�ie prflv��i�ns af the lease. Zf Bo�rovver acqu�res fee t€tle to t�.e Proper#y,�the leasehaXd and the fee
<br /> tit��shall n�t merg�un�e�s Lender agre�s to�h.e merg�r ir�writing.
<br /> Pro�e�txon of L�n�ler'� R�ights in th� Proper�y, �f Borro�wer fa�J.s to perforrn �he covenants and agreemen�s
<br /> con�air�ed in�h�s Securi�y Instrumen�, or�here is a 1ega� pr�ce�ding that may significar►��y affect Lender's rrg�ts zn
<br /> the Pr�per�y �such as a proceeding in bankrup�cy, probate, for con��emna�xon ❑r farf�;i�ur� or �� enforc� Iativs ar
<br /> regula�xons}, then Lender may do and pay f�r vvha�ever is n�cess��ry �� p��tect the value of the Properfiy and
<br /> Lender's righ�s in the Pro�erty. Lender's actions may�nclude paying�ny surn.�secured by a lien wh�ch has�ri�rity
<br /> over th.is 5ecurity�nstru.ment, appearing in court,paying reasanable a�tarx�.eys'fees and�nter�ng an the Pr�perty to
<br /> xnake repairs.A�thaugh L,ender may take actia�under�hi�sectz�n,Lender da�s not have�o do sa.
<br /> A.ny am.ounts disbursed by Lender under th�s sect�or� sha�l bec�me addit��nal debt a:�B orrower secured by this
<br /> Securxty Ins�rum�n�. Unless Borra�rer and I�emder agree to a�her i�erms of payment, �hese amaunts shall bear
<br /> C�20�4-241 S Compliance Systems,Tnc.8C54-4C21-2015.T 1.3.1098
<br /> Cansumer Real Estate-5ecurity Instrurnent DL2�3d Page 2 of 5 www.�ompliancesystems.com
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