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2� 1 ��2594
<br /> Payment of Pr�nc�pa�and Inter�st; Q�her�harges.B�rray�er shall promp�ly pay vahen due�he pr�.ncipal of and
<br /> intierest on�he deb�owed under the��n�ract a�.d late charges c�r a.�y Q�her fees and charges due under the�ontract.
<br /> �ippli�able Law. A5 115��I II� ��115 Securit�r �nstru.ment, the �erm �'Applicab�e Law" sha�l xnean a�� cvn�roxl�.ng
<br /> app�icab�e federal, state and �aca� sta�utes, regula�ions, ordinances and admin�strative rules an� orders �tha�have
<br /> the�ffec�t of law}as vve��as a��app��cab�e fna�,nan-appea�ab�e jud���a��pxni�ns.
<br /> �harge5; Lie�s. Borrou�er sha�I pay a11 �axes, assessmen�s, charge�, f nes and imposi�ions at�rxbu�ab�e to �he
<br /> Pr�p�r�y which ma�a�tain priority over this Security Ins�rument, and leasehold payments or g;aund rents, �f any.
<br /> At�he reques�of Lender,Barrnwer sha�l promp�ly furnish�a I,ender recezp�s evidenczng the pa��xnents.
<br /> Borrower shall promptly discharge any X�en which has prx�rity over�his Secur��y�nstrumen�unless Borrower: �a}
<br /> agr�es zn wr�t�ng �a �he payment of the ob��gation secured by th� iien in a manner acceptable to Lender; (b�
<br /> can�es�s in go�d faith the lien by, ar defends a�aznst enfor���ment �f the �ien in, �ega1 proceedings �vhich in the
<br /> Lender's op�nion operate t� prev�nt the enforcemen� of t�e �ien; �r �c� secures from the ho�der of 1:he lien an
<br /> agreement sa�isfac�ory to Lender subord�na�ing�he �ien to this Security Ins�rument. �f Lender determines�hat any
<br /> par�tif�he Property�s subject�� a lien vvhiCh may a�tain pric�rity a�rer �his Security Znstrumen�, Lender may gzve
<br /> Borro�rer a z���zce �dentifying�he �ien. B�rrower sha1X sa��sfy the Iien�r take �ne or mare �f��e ac�ians set for�h
<br /> abave within 14 days�f�he giving af natice.
<br /> Hazard or Property I�suranc�.I3a�-rn,wer sha1l keep the improvements n�u�exist�ng or hereaf�er erec��ed on the
<br /> �raperty insured against�oss by f r�,hazar�s included���hzn�yhe ter�n"ex�ended coverage" and any other hazards,
<br /> inc�uding f�onds or flaoding, for vvhxch Lender requ�res in�uranc�. Th�s insurance sha�� be mazn�ained in the
<br /> amaun�s and for the periods that L�nd�r requires. The insuran{�e carrier prav�d�ng the�nsurance shal�be ch�sen by
<br /> Borrawer sub�ect to Lender's apprnval vvhich sha�l not be u��reasa�ab�y v�rithhe�d. If Barrower fails to maintazn
<br /> c�verage d�scrxbed above, Lender may, a� Le�der's op�ian,, nbtain coverage to protec� Len�er's rights in the
<br /> Prop�rty in acc�r�ance vvz�th sectian ti�led Pratect�on of Lender�s Rights in the Property.
<br /> AIl insuran�e pa�icies and renevvals sha�� be acceptab�e �o L��nder and shall �nc�ude a s�andax�mor�gage clause.
<br /> Lender shal�have the r�ght�a hold the po�icies �nd renewa�s. If Lender requires, Borrower sha.11 pram�tly give to
<br /> Lender all rece�p�s of paid prerniu.m.s and renevtral na�xces. In the ev�n�of loss, Borrower shall g�ve pr�mpt notzce
<br /> �o the insurance carrier and Lender.Lender may make proof o:f loss xf not made promp��y by B�rraWer.
<br /> Unl�ss Lender and BorroWer otherwise agree in wri�ing, in,�uranc� proCeeds sha�T be app��ed tv res��flration or
<br /> repair of�he Proper�y damaged, if., �n Lender's sole discre�ion, the res�aration or repa�r is �c�namical�y feasib�e
<br /> and Lender'5 SeCuri�y i5 no� �e55ened. �f, zn Lender's sole d�st.ret�on, the restara��an or repair i� not ec�nomica�l�r
<br /> feasxble or Lender's secur�ty would be�essened,fhe xnsurance��roceeds sha�i be applied���he s�ms secured by�his
<br /> Security �nstrument, v�rhe�her or not then due, v�rith any ex�vess paid to B�rro�rer. �f B�rrc�Wer abandans th�
<br /> Pr�perty, �r daes no�answer w�th�n�he number o�'days prescr�ibed by Applicabl�Lavv as se�forth in a r�ot�ce from
<br /> Lender�o Borr�wer�ha��he insurance carrier has offered ta se���e a c�aim, then Lender may collect th�:insurance
<br /> proceeds. Lender may use the pro�eeds t� repair or restore t��� Pr�perty or�o pay sums se�w-�d by�hxs 5ecur�ty
<br /> Instrurn.en�,whether or nat�hen due.The period flf time fflr Bc�rrowex�o ans�wer as s�t f�r�i in the nat�ce�ri�l begin
<br /> when the n�tice zs given.
<br /> Un�ess Lender and Borrower otherwise agree in v�ri�ing, any;�pplica���n�f proceeds to pr�ncz�al sha�l not ex�end
<br /> or�ostpone the due date �f�he pa�ments du�under�he �ont�-act or change the amount of the payments. lf under
<br /> the sec�ion����ed A�eelerat�vn; R�med�es, the Proper�y is ac+�uzred by Lender, �3�rrov�r�r's r�gh�ta any�insurance
<br /> p��icies and proceeds resu�tzng from damage to the Prope�-ty prior �� �he ac�uis�t�on shall pass �o Lender to �he
<br /> exten�af�he sums secured by th�s Security�ns�rumen�imme�i��.�ely prior t��he acquis��i�n.
<br /> P�reservation, Maintenance and Pro��c�ion af the Propertyg �orrower's Loan �.pp��catian; L�easehoids.
<br /> Borrower shal�nQ�des�roy, damage or impair th�Praperty, a��ow�he Property�o de�erz�rate, ar commi.t v�raste an
<br /> �he Property.Borrower shal�be in default if any�arfeitiure acti��n�r proceeding,�rhether civi��r crimina.�,is begun
<br /> �hat in Lender's g�od faith judgment cou�d resu�� �n f�rfeitur�. �f�h� Prnperty ar athez-w�se ma�eria���impair�h�
<br /> Iien created by th�s Security Znstrumen� ar Lender's secur��.y ir�teres�. Borrawer may cu.re such a defauX� and
<br /> reinstate, as pro�zded �n sec�ion��tled Borrower's Righ� ��FAeinst�te, by caus�ng the actxon�r proceeding�� be
<br /> �xsmissed yvith a ru�ing�hat,in Lender's good fa��h determin.at�an,pr���udes f�rfe�ture of the Borrower's znterest in
<br /> the Proper�y ar other ma�erial impairment of the �ien created by �his S�curity Ins�rumen� �r L�nder's securfty
<br /> interes�.Borrovver sha��a�so be zn defau�t�f Borrower, during�:he loan application process,gave ma�er�a��y fa�se ar
<br /> �nac�urate �nforma�ion or sta.tements to Lender �or fa�led to provide Lender wi�h any ma�er�a� infar�na�ion} in
<br /> connectian wi�h the �oan evidenced by the Contract. If th�s S�;cur�ty�ns�rumen�is on a leaseho�d, Barr�av�rer shall
<br /> c�mply va�th alI the pravis�ans of�he Iease. �f Bo�ro�ver acquires fee ti��e ta the Property,�he�easeha�d and�he fee
<br /> title sha��n�t merge un��ss Lender agrees to the merger in wr�ti�ng.
<br /> Pr�tec�ion vf �Lender's R�ights in the Property. �f�3�rro�rer fai�s �o perform the covena�.�s and agreemen�s
<br /> contained in this Security�nstrumem�, or there is a legal prac�fi�ding�hat may s�gnif can��y affec�Lender°s r�ghts in
<br /> �he Proper�y �such as a proceeding �n bankrup�cy, probat�, fc�r condemna�xan ar farfeiture ar�o enforce lav�s or
<br /> regulations}, then Lender ma� d� and pa� for whatever is xiecessary �o protec� �he �alue of�ie Property and
<br /> Lender's righ�s zn�he Proper�. Lender's actions may�nclude pay�ng any sums secured by a I�en vvhich h�.s priori�y
<br /> flver this Securi�y�ns�rument,appearing in court,paying reasa:�able a��orneys'fees and entering�n the F'r�perty�o
<br /> make repa�rs.Althaugh Lender may take actzon under�his secti:�n,L�nder daes not have t�da s�.
<br /> An�r amoun�s disbursed by Lender under �h�s sectian shal� b�:cox�e add�tional debt af B�rrower secur�d by �h�s
<br /> Security �nstrument. Unless B�rrower and Lender agree to ather �erms of paymen�, these arnoun�s sha�� bear
<br /> C�24�4-2�15 Cornplia.�ce Systems,Ir�c.8C54-3 C41-2015,I l,3.1�98
<br /> Consumer Real Estate-Security Inslniment DLZ036 Page 2 of 5 www.comp�i�r�cesystems.carn
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