2� 1 ��3277
<br /> Paym�n�❑f Pri��ipal and I�tere5t; �ther Charg��.Borrower shall�ramp��y pay whe�due�h�pr�ncipal of and
<br /> �nterest on the debt owed under the�ontra�t and�ate charg�s or any o�her fees and charges due un�er the�antract.
<br /> Applicab�e Law. As used in th�s Secu��ty �ns�rumen�, �he t�rm "A�p��cab�e Law" �ha�� mean a11 c�ntrol�ing
<br /> app�icable federa�, s�ate and loca� s�atu�es, regulat��ns, �rdinarices and administrative rules and �rders �that hav�
<br /> the e�ff�c�af�a�}as vvel�as a�1 applicable f�al,n�n-appeaiab�e�ud�c�a�apinions.
<br /> Charge�; Lien�. Bnrrower shal� pay �1� ta.xes, assessmen�s, charges, fines and impos��ion� dt�ributable to the
<br /> Prop�rty vvhich�nay a�tair�priority ��er th�s Security �ns�rume�lt, and leasehold paymen�s �r grflund rents, �f any.
<br /> A��he reques�of Lender,Barrovver shall prorr�p��y furn�sh to L��.der r��e�pts e�idenci�g�he pay�ents.
<br /> Borro�ver sha11 pr�mptly d�scharge an�lien v�hich has pr�ority ��er�h�s Secur�ty Instrument un�ess Bor�ov�er: �a�
<br /> agrees in writ�ng to the payment af�he �b��gati�n secured by �he Iien in a mann�r a�cepta�le �n L�nder; ��b}
<br /> contests in g�od fai�h �he lien by, or defends aga�ns� enforc�m�nt of�he ��en in, �ega� procee��ngs whi�h in the
<br /> Lender's opini��� aperate ta pre�ent �he enfarcemen� af the Iien; ar �c} secures fr�m �he hQlder of t�e lien an
<br /> agreemen�satisfac�ory to Lender sub�rdinating the ��en�fl this Secur��y Instrumen�. 7f Lender determin�s�ha�any
<br /> part of�he Property is subjec�t� a �ien wh�ch may �ttain prior�ty o��r�h�s Securit� �nstrumen�, Lender may g��e
<br /> Borrower a no���e identifying the lien. Barrower shal� sa�isfy th� 1�en or take one or more of�h� actifln� set for�h
<br /> abo�e vvithin ��days of$he giving�f notice.
<br /> Ha�ard or Pro�perty Insur�nc�. Borro�wer sha�� Xceep the improvements nov�existing or herea�er erec�ed�n the
<br /> Proper�y insured against Iass by f�re,hazar�s included v�i�h�n�he term"extended coverage" and�ny��her ha�ards,
<br /> including f�ooc�s �r flo�ding, f�r which L�nder requires insuran�e. This �nsuranc� s�al� �be ma�n�ai�ed in the
<br /> amoun�s and for th�per��ds�hat Ler�der requires. The�nsuran��carr�er prav�ding�he�nsurance�ha�l be�h�sen by
<br /> Borravver subje�� �Q Lender's appr��al wh�ch shal� nat be u�reasonabiy wi�hhe�d. �f Borrawes fails �a� main�ain
<br /> �o�erage described above, Lender may, a� Lender`s apl:�on, ob�air� co�rerage �o pr��ec� Lender's rights in the
<br /> Proper�y in acGc�rdance v��th se�tion ti��ed P`��tecti�r�of I1end�r��s�ights in the Proper�y.
<br /> All insurance p�lic�es and renewals sha�1 be acc�p�abl� to Le�der a�.d shal� inc�ude a standard mor�gage ��ause.
<br /> Lender sha1�ha�re the righ�to hold�he p�Iic�es and renev�a�s. If Lender requires, Borravver shal�promp��y g�ve��
<br /> Lender all receip�s of paid premiums and renevva�natices. �n��e�ven��f�assy Barrovver shal�g�ve promp�noti�e
<br /> �o�he insurance carrier and Lender.Lender�ay r�ake praof of�ass if not made promp��y by Borrov�rer.
<br /> Unless Lender �.nd Borr�vver a�herwise agree �n v�rit�ng, �nsurance pr�ceeds shall �ae ap�lied to rest��-a�ian or
<br /> repair of the Pr�p�r�y darnaged, if, �n Lender's soie discre�i�n, the resfiorati�n or repair is eca�omica�ly feasib�e
<br /> and Lender's se�urity is not I�essened. �f, in Lender's s�le disc��e�ion, the restoratian ar r�pair �� no� ecanomically
<br /> fe�.s�b1e or Len�er's security would be lesser�ed,��e�nsurance praceeds shall be applied to the sums secured by�his
<br /> Securi�.y �nstrument, �vhe�her a� not then due, �ith an� e�cess paid to Borrower. �f Barr��er abandons �he
<br /> Pr�perty,ar does not answer w��h�n the number�f days prescribed b�AppX�cable Law as set far�h in a n�tice from
<br /> Lender�o Borrawer�ha���e insurance �arrier has offered to set�le a c�a�m,then Lender may c�liec��he rnsurance
<br /> praceeds. Lend�r�nay use the prflceeds to repair or restore the Proper�y or�a pay sums secured by this Security
<br /> Instrument,v`rhe�her ar n�t then du�.The period�f�i�ne for Bo�rawer�o ansv�er as se�for�h in th�notice w�ll begin
<br /> when�he no�ice is g��en.
<br /> U�aless Lender and Borrower��he�-�vise agr�e in writing, any�pp��ca�ian of proceeds to pr�ncip�� sha�l n��ex�end
<br /> or pos�pone�he due da�e �f�he paymen�s c�ue under�h� �on�ract or change the amount of the paymen�s. �f under
<br /> �he sec�i�n�it�ed Acceieration; Rem�dies, the Pr�perry is a��u�red by Lender, B�rr�wer's rxgr�t�o any insurance
<br /> p�l�c�es and pr�ceeds resu�ting fr�rn darnag� ta the Prapert�y priar 1:a �he acqu�si��on shall pass �a Lender to �he
<br /> extent of the sums secured by�h�s Security Instru�nent�mmed�a�ely prior to�he acquis���on.
<br /> Pre�er�ation, �Vlaint�nanc� and Prntecti�n of �he Prupe�ty; P�arravver's Loan Applica�ion; L�as�holds.
<br /> B�rrower shall nat des�ro�r, damage �r imp�ir the Property, a�I�w�h�Praper�y t� deteriorate, or comm�t v�ras�e�n
<br /> �he Property. Bflrravver shal�be in default��'any forfei�ure act�on�r�r�ceeding,whether ci�r�l or�riminal, �s begun
<br /> that in Lender's go�d faith judgme�t c�u�d r�sult �n forfeiture �f the Proper�y �r �therw�se ma.�erial�y impa�r�he
<br /> �ien c�eated by �his Securi�.y Instrument t�r Lend�r's securit�r �nteres�. Borra�er may cure such a d�efau�� and
<br /> reinstate, as pr��ided in sec�ion tit�ed Borrvvv�e�'s �t.i�ht �a �einstate, by causing�he ac��on��proceeding ta be
<br /> d�sm�ssed with a ru�ing that, in Lend�r`s g�ad faith de�e�-m�na���n,pr�c�udes f�rfeiture�f�he B�rrovver`s zn��rest in
<br /> the Pr�per� ar �ther material impairmen� of�he l�en crea�ed b� this Security �nstrurnen� �r Lender's s��ur�ty
<br /> �nterest.Barrov�er�ha11 also be in defau��if Barrower,during�he�oa�app�ication process,gave materia�ly fa��e or
<br /> inaccurate �nforma���n �r s�a�emen�s �o L�nder �or failed �o pr�v�d� Lender vtri�h any ma�erial �nfor�.�a��on} in
<br /> conne�ti�n with�he ��an e��denced by�he �antract. �f this S�cur��y Instrumen� �s �n a �easeh4�d, B�rr�wer sha�1
<br /> corn�ply with al�the provxsions of the lease. If Bo�rower a�quir�s fee�it�e�o���e Property,the l��sehold and the fee
<br /> t�tle shaX�not m�rge unless Lender agrees t�the merger�n wri��ng.
<br /> Prate�t�on a� L�nder'� R�gh�ts i�a th� Praperty. 7f B�rrovwer fa��s to perfarm the c�venan�s and agreements
<br /> �on�ained in�h�s Secur��y�r�strumen�, ar th�r�is a legal proce�d�ng that may sig�if can�ly affec�Lender's r�ghts in
<br /> the Property �such as a pro�eeding �n bankrup�tcy, proba�e, fc�r condemna�ion ar forfei�ure or�o enfor�e laws ar
<br /> regu�atxons�, �h�n Lender may do and pay for v�hatever is necessary �a pro�ect the value o�^the Proper�y and
<br /> L�nder's righ�s i1�the Prope�y. Le�der's ac��ans may inc�ude pay�ng�.ny sums secu�ed by a l�en�uh��h has priority
<br /> o�er�h�s Secur��y�nstrumernt, ap�ear�ng�n court,payirig reasonable�.�tarneys'fees and en�e�-ing�n the Proper�y t�
<br /> mak.e repairs.Although Lender may�ake act�an under�h�s section,Lender does not ha�re tQ da so.
<br /> Any amounts d�sbursed by Lender under �h�s se��i�n shall �ec��ne add��ianal deb� af Borrou�er se�ur�ed by this
<br /> S�cur��y �nstrument. Unless Barrower and Lender agree �� o�her �erms of payment, �hese amoun�s sha�i bear
<br /> C�2D04-2Q15 Coinp�iance Systems,Inc.8C5�-I3F2-��15.11.3.1Q98
<br /> C�nsun�er Real Estate-Secur�ty Ynstru�3ent DL2035 Fa�e 2 af 5 WWW.Garilpllall��S�S'�EIl15.C�i'ti
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