2� 1 ��27�3
<br /> Payx�ent of Pr�n��pa�a�d Interest� Dther�tharg�s.�3�rrow�r shall promp�ly pay vv��en due th�pr�.nc�pa�af and
<br /> in�eres�on the deb�o�ed under the Con�ract a�ad�ate charges❑r�.ny a�her fees and char�ges due und�r�he�on�ract.
<br /> Appli�able Law. As used in this Security I:ns�rumen�, the ��rm "App��cable Law" shall mean alI c�n�ro��ing
<br /> applicable federal, s�ate and �ocal s�a.�utes, re��xlations, ordinances and adminis�ra�ive rules and arders �tha�have
<br /> the effect af lav�}as we�I as all applicable fina�,n�n-appealable judicial apini�ns.
<br /> Charges; L�ens. Borrovver shall pay al� �ax��s, assessment�, �harg�s, f nes and imp�s��ions at�ribu�able to the
<br /> Property,which m.ay a�tain priari�y flver this S ecur�ty Zns�rum��.�, and �easeho�d payme.n�s ar ground ren�s, if any.
<br /> A�the reques�of Lender,Barrower sha��promp�ly furnish to L�nder receipts eviden�in��the payments.
<br /> Bflrrotiver shal�promptly discharge any l�en��h�ch has pr�or�ty o�er�his S�curity�nstr��zment un�ess Borravver: �a}
<br /> agrees in writing t� the payrn,ent of�he ab�igation secured �y �he �ien �n �. ma.rmer acceptable to Lender; (b}
<br /> con��s�s in go�ci fa��h the l�en by, or defends aga�ns� enf�rcemen� �f�he �ien zn, Iega.l pr�ceed�ngs which in �he
<br /> Lender's opin�on operate to prev�nt �he enforcement �f�he Iien; a� �c} secures frar�i �he ho�der of t�e �ien an
<br /> agreement sa��sfa�tory t� Lender subvrdinat�ng the �ien�o thxs Secur��y Ins�rumen�. If:Lender determines that any
<br /> part of the Property �s sub�ec��� a Iien which may att�in pr�or��y over this Secur�ty In�strument, L�nder ma�g�ve
<br /> Barrower a nfltice �d�ntifying the Iien. B�rroy�er shall sa�isfy the iien ar take one �r rriore of the ac��flns s��forth
<br /> ab4ve vvithin ��da�s�f�he giving of ria�ice.
<br /> Haz�rd or Prap�rt�Insurance. B�rrovv�r s��a��keep �he improven��n�s nov�exis��ng or hereaf�er erected on the
<br /> Prop�rty insured aga�ns�loss by fzre,hazards i n�luded Within th�term"ex�ended cover��.ge" and any��her hazards,
<br /> including fl�ods or f�aoding, for �vhich Lenf��r requ��es insurance. This insurance sha1l be ma�ntained in tihe
<br /> amou.nts and far�he peri�ds that L�nder requires. The insuranc�carr�er pr�v�d�ng�he���surance shall be ch�sern by
<br /> Borrflwer sub�ec� �� Lender's approva� vvh�ch shall no� be unr�asanably v�it�held. �f Borrovver fai�s to xr�air��ain
<br /> coverage desCr�bed abave, Lender may, at ��ender's op�ian, �b�ain cflverage �o pro��eC� Lender's rzghts �n the
<br /> Pr�per�in a�cardance vvi�h sec���n titl�d Prfl�:ec��vn af Lender's R��hts�n the Prop�rty.
<br /> A11 insuranc� p�licies and renevvals sha�l be ��cc�ptab�e �o L�nder a.�d shall inc�ude a s�andard mor�gage clause.
<br /> Lender shall have�he right�o hold�he palicie{; and reneWa�s. If Lend�r re�uires,Borrcf�ver sha��promp�ly give�a
<br /> L�nder a��receip�s of paid prem�ums and renewal no�i�es. In the event of lass, B�rro��er sha11 give pr�r�p�not�ce
<br /> to the�nsura�ce carrzer and Lender.Lender ma.y r�ake pr�of af�oss�f'no�made promptl.y by Borrawer.
<br /> �C]�nless Lender and Borrower a�herwis� agref, in wr���ng, insurance proceeds shall be app�zed �� res�oratio�� �r
<br /> repa�r of�he Proper�y damaged, if, in Lender's so�e dxscret�on, �he r�s�oratian or rep��xr is economicall�r fea�ible
<br /> and Lender's secur�ty �s n�t �essened. If, in L���.der's sa�e discre��on, the res��rati�n ar r�pair�s n��ec�no�ni�a�ly
<br /> feasib�e or Lende�-`s secur�ty vvould be�essened.,the insuran�e p�aceeds shall be app�ied t�the sums secUr�d by�his
<br /> Security �nstrument, whe�her or nat then due, with any exc�ss pa.�d to Borrower. �f B�rro�rer aband�ns the
<br /> Property, or daes not ans�ver u��thin�he number of days pzescribed by Applical�Ie Law��s se�forth in a no�i�e from
<br /> Lender�o Barrower tha�the insurance carrier has �ff�r�d�o se�t�e a��aim, then Lender may co��ect the insurance
<br /> proceeds. Lender may use the proceeds �to re�iair ar��stare the Pr�per�r a�-to pay sur.�s secu.red by this Securzty
<br /> �nstrumen�,vcrhe�her or nflt�hen due.The per�od of time f�r B�rrower�o a�.s�er as set ft�r�h in the no�i�e�vvz��b�gin
<br /> �vhen the not�ce is given.
<br /> Unless Lend�r and Borrotiver otherw�se agree in�vritxng, any applica�ion of p�oceeds�ca prin�ipal shall not ex�end
<br /> or pas�pone�he due da�e of�he payments due under�he C�nfira���r�hange�he amaun�of�he paymen�s. �f under
<br /> the secti�n ti��ed A����eration; Remedies, th��P��perty is acqu�red�by Len�der, Barra�ver's r�ght tv any�nsurance
<br /> po�icies and proceeds resulting from damage to �h.e Praper�y prior t� �he acquisi�ion ��hal� pass t� Lender �o �he
<br /> extent of the sums secured by�his Secur��y�nstrument xmmediately priar to�he acquisi�i�n.
<br /> Preservati�n, Main�enance and Protec�ion a� the Propert�; B�rrower's Loan �.pplica�ior�; Le�seh���s.
<br /> B�rro�ver sha��n��destr�y, damage or impa�r�he Pr�per�, allo�th�Proper�r�a de�eriorate, or camm��v�rast� on
<br /> � the Proper�y. Borrawer sha�l b��n defaul�if any forfe�ture ac��on or p�oceeding,whether civil ar crz�n�nal,i�b�gun
<br /> that i�. Len�er's good fa��h�udgmen� cou�d re,2u�t in f�rfeiture �f the Propert�y or athe��rise materxa��y impair �he
<br /> lien crea�ed by �his Securi�y �ns�rument or Ilender's secur��y znterest. Borrower ma,� cure such a defaul� and
<br /> reinsta�e, as pravided in section����ed�3orrfl�ve�-'s R�ght t�Reins�a�.�, by�ausing the actiot�or proceed�ng�o be
<br /> dismissed ur�th a ruling that,in Lender's good�a�th de�ermina�xon,pre�ludes forfe�ture o�f�he Borro�er'�intere�t�n
<br /> the Property �r other mater�al impazrm�n� of'th� I�en crea�ed b� th�s Secur�ty Instzl:�men� ar Lender'� security
<br /> in�erest.Borrower sha��also be�n default if Borrovver,d�zring�he loan applicat�on pr�ce:ss,gave ma�erially fals�nr
<br /> inaccurate �nfarma�ion or statements to Lendt�r �or fa��ed to provide Lender with any ma�erial �nformat�on� �.n.
<br /> cannec��fln wzth�he �oan e��denced by �he Co���ract. If this 5ecurity Instrumen�is on a Ieaseho�d, �3orrovv�r sha��
<br /> comp�y,with al��he pr�viszoris flf�he lease. Zf F3orrovver acquire�fee��tle��th�P��pert�r,the�easehold a.r�d the fee
<br /> title s�ial�n��merge unless Lender agrees t��h�,merger�n writir�g. �
<br /> Prate��ion of Lender's l�ight5 �n �he PropEerty. �f BorroW�r fa��s �a perform the {;�venan�s and agreem�nts
<br /> conta�ned�n this 5ecurity�ns�rurnent, ar�here is a lega�proceeding th�.t may s�gnificanl.Iy affec�Lender's rights in
<br /> �he Property �such as a proceeding in bankru�rtcy, probate, f�r cond�mnatio� �r forfei.ture or �o enforce law� or
<br /> regu�ations}, �hen L�n�er may d� and pay for vvha�ever is ne�essa� to prote�t the value Qf�he Property and
<br /> Lender's righ�s in the Proper�y. Lender's ac�ion;�rrnay in�lude pa�ing ariy sums secured�t�a lien urhich has priorzty
<br /> o�er�his 5e�uri�r�nstrument, appearing�n court,�ay�ng reasona�Ie a��orney�'fees and en�ering on th.e Property�o
<br /> make repairs.A��haugh L�nder may tal�e ac��ar�ur�der�hi.s section,Lender do�s r�ot have��o da s�.
<br /> Any amou.nts disbursed by Lender under th�s sect��n shaXl 1aec�me add���onal debt of�orrovver secured by this
<br /> Securz�y Ins�rument. Un�ess Barro�xrer and LE,nder agree to other t�rms of payment, these amaun�s sha�� bear
<br /> C�2��4-ZO15 Compliance Systems,�nc.8C54-3FBb-2�15.11.3.I498
<br /> Consumer Aeal Estate-5ecurity Instrument DL2036 Pa�e 2 of 5 www.compIiancesystems.cvm
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