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2� 1 ��37�9 <br /> Payment of Pr�ne�pa�and Interest; �ther��h�rges.B�rrav�er sha�l promp��y�ay urhen du�the pr�nc�pal of an� <br /> in�erest on the debt avved under the Cantract�End lat�charges ar an�r�ther fee�and cha:rg�s due und�r th�Cor�trac�. <br /> Appli�ab�.e �av�v, As used in this 5�curity Ins�rument, �he ��rm �`Applica��e Law" sha�� nzean a�� ��n�.roll�ng <br /> app��cab�e federal, sta�e and Iacal sta�u�es, r�;gulatians, ordinances an� adm.�nis�rativ�:rules ar�d orders �that haue <br /> the effec�of�av�r}as vv�I�as all app�icable f n�.�,non--appea�able�u��c�a�flp�nians. <br /> �harg�s; Liens. Borrovver shall pay aI� �a��es; asses�ments, charges, fnes and impas�t�ons a�tribu�a.��e �a �he <br /> Proper�y urhich may a�tain priority over this =�ecuri�y�ns�xum�n�, a�.d leasehold paym.�nts or gro�nd ren��, if any. <br /> A��he request of Lender,Borrawer sha�l�ron�ptiy furnish to Lender receipts evidencir�g the paym�n�s. <br /> Borrower shall promptly discharge any l�en�vhich has pr�or��over�his Security�ns�rumen�unless BorraW�r: �a} <br /> agrees in writing �o the paymen� af the ob��gatian secured by the Iien in a manner accep�a}��e �o L�nde�-; �b} <br /> con�es�s in goQd fai�h �he �ien by, or def�nds aga�nst enforc�r�ent �f the �ien �n, Iegal praceed�ngs which �n the <br /> Lender's opin�an apera�e �a prevent the �nff�rc�ment of�h.e �ien; or �c� secures fr�:m the holder of�he lien an <br /> agreement sa�isfac�ory�a Lender subordina�z��g�he l�en�a this 5�curzty�ns�rumen�. I�'Lender det�rrnines tha.t any <br /> par� of the Property �s subjec��� a �ien,t�vhic��may at�ain priority o�rer this Security�r�s�.rumen�, Lender may g�ve <br /> B�rrov�ver a n���ce ��.entifying the Iien. Borrowe�sha11 satisfy�he lien or take ane or�:nare af�ie ac��ons se�for�h <br /> ab�ve v�ithin 14 days of the giving❑f n�tice. <br /> Hazard or Proper�y Insuranee. B�rrow�r�hal�keep the imp�ovements nov�r e�istin�� or hereafter erec�ed�n�he <br /> Proper�y�nsured aga�nst Ioss by f r�,ha�a�ds inclu�.ed�,ri�h�n the term"e�tended c�ve:rage" and any a�h�r ha�ards, <br /> �nc�udi.ng fl�ads or f�ooding, for vvhich Le��der requires in�t�ranc�. Th�s insurance sha�l be ma�ntaine�i in the <br /> amflunts and for�he periods�hat I�ender re�u�.r�s. The insurance ca.rr�er praviding the:�nsurance.shall be ch�s�n by <br /> BorroWer subject �o Lender's appr��ra� vvhic�:� sha�� not be unr�as��.ably wi�hhe�d. If Borrower fails �� rna�n�ain <br /> coverage described above, Lender may, at Lender's �p�ion, flbta�r� cov�rage to pr�tect Lender's righ�s in �he <br /> Property�n accardance with sec�ion�z��ed Prc�t��t�on vf Lend�r's Ri�hts in the Prflper��. <br /> All �nsurance palicies and renevt�a�s shal� l�e acceptab�e to L�nd�r and sha�� �nc�ude a s�andard r�ortgage clause. <br /> Lender sha1�have�he right tifl hold the policz��s �a.d renev�rals. Yf Lender requires,Bor��ower sha��prompt�y g�ve�o <br /> Lender al�rece�p�s�f paid premiurns and r�neu��.�no�ices. I�the ev�n�of l�ss, B�rro��ver sha1�g�ve prompt no�ice <br /> �o�he�nsu.rance carrier a�d L�nder.Lender may make proaf of�oss if not made promptly by Borrovver. <br /> Unless Lender and T3orrower n�herwise agr��e �n wr��ing, in�uranc� proceeds shal� l�e applied �o res�oration �r <br /> repair of�h� Pr�per�y damaged, if, in Lender's so�e d�s�re����, the res�aration or rep�a.ir is economical�y feasible <br /> and Lender's securi�y is not �essened. �f, in L.ender's so�e discr�tion, �he r�storat�on ar r�pair is not ecanom�ica�Iy <br /> f�as�laXe or Lender's s��ur�ty vvou�d be lessened,�he insurance proceeds sha��be appliet�.to the sums secured b�th�s <br /> Securi�y �nstrument, yvhether Qr not �h�n d;ae, wi.�h any excess �aid to Borrou�er. If Borro�t7ver ab�n�ans �he <br /> Yroper�y, or does no�ansv�rer�v�th�n the number of days prescribed by Applicable Lavv as set forth in a r�a�ice from <br /> Lender to Barrower that the �nsurance carrie��h�s offered to s��tle a��a�m, then Lend,er may coll�ct the �nsuxance <br /> praceeds. Lender may use the proceeds to repa�r or res�are t�ie Prflperry or�o pay su:ams secured by�his SeGurz�ty <br /> �nstrumen�,vvhether�r nat�th�n due.The�eri��d�f txme for Borroure��v ans�rv�r as se�:Eor�h in t�e no�ice w��X begin <br /> vvhen the no�ice is gzven. <br /> Unless Lender and Barrovver otherw�se agree �n writing, any app��catian of proceeds�to princ�pa�sha�l nat e��end <br /> or pas�pone the due date of�he payments du�:under the �ontrac��r change the amau�n��f�he pa�ments. �f under <br /> �he section�zt�ed Accelerat�on; l�emed�es, tr�e Property is acqu�red by Lender, Barro�wer's right�o any ir�surance <br /> p�I�cies and proceeds resul#ing from damage �� the Propez-ty pri4r t� the acquis�tian shal� pass �a Lender t�a the <br /> extent�f�he sums secured by th�s Securi�y�n�►�rurnent immediately pr�or�o�he acquis�l�ian. <br /> Preservati�n, Main�enance and Pro�e�fi�o:n �f the Prape�-�y; �orrawer's Laan Appl��ati�n; L�aseholds. <br /> Barrotiver shall not des�roy, damage or�m�air�he Property, al�ovv the Proper�y ta dete:r��rate, or commit was�e on <br /> the Prflperty. Barrawer shall be in defau���f aEz�forfeiture actian�r proceeding,�he�her civi�or criminal,is l�egun <br /> tha� in Lender's good fai�i judgment coul�r�.su�t in forfeiture of�h� Proper�y or athf���vvise materially impair �he <br /> �ien crea�ed by �his 5ecurity Ynstrument or Le�der's secur�t�r in�eres�. B�rrower m{�y cure suc� a default and <br /> reinsta�e, as pro�ided in sectian���led Bflrro�t�v�r's Right t� l�e�nsta�e, by causzng�h�� act�an or proce�ding tQ b� <br /> d�smissed vvith a ruling that,in Lender's good faith determinatian,pr��lu�es f�rfe�ture�f the Borr�wer's inter�st�n <br /> �he Praper�y or a�her materzal �rnpairmen� of the �ien crea�e�d by �his Secur��y Inst��umen� or Lender's securi�y <br /> �nterest.Borra�er sha�� als�be�n defaul�if B orr�wer,durzng�he 1�an applzca�ian proc:�ss,gave materza�ly fals�or <br /> inaccurate information ❑r sta�emen�s �o Lent�er �or fa�led �o prov�de Lender vvith a:�zy ma�erial infor�mat�o�} in <br /> connectian vvith the Ioan evzdenced b� �he C47n�rac�. If this 5e�urity�nstrumen�is �n a�easehold, Borr�,wer sha�l <br /> comply wi�h a11 the provis�ons of�he Iease. If B�rr��vv�r acquires fee title t��a.e Proper��y, �he�easehold and th�fee <br /> title shall not merge unless Lender agrees tfl t��e merger in writing. <br /> Pr�tectzon Qf L�nd�r's Rxgh�s �n the Pr���er�y. �f Borro,w�r fails t� perform �he �ovena.n�s �nd agreemen�s <br /> con�ained zn this 5ecurity Instrurn.en�, nr�here is a 1ega1 proceeding that may signif ca��.�ly affe��L�nder�s righ�s in <br /> �he Praperty �such as a praceed�ng in ban�ru.ptcy, probate, for candemna�ion or forf��iture �r t� �nf�rce �av�s or <br /> regulations}, then Lender may d❑ and pay f or vvha�ever �s r��cessary ta protec� �he vaiue of�he Property and <br /> Lender's rig��s in the Property. Lender's actio�ls may�nclude p��ing�ny sums secured by a�ien which has priori�ty <br /> o�er�h�s Security I�strumen�, appearing an co-urt,paying reasonable a��orn�ys`fees an��entering on the Property to <br /> mal�e repairs.Although Lender may�ake.act�on under�his sect��n,Lender does not hav�e�o do so. <br /> Any am�unts disbursed by Lender under �h��� s�c���n shall be�ome addzt�anal dela� of Barrawer secur�d by �his <br /> Secur�ty �ns�.iment. Unless Borro�wer and L,ender agree �o �ther terms af paymenl., �hese amaunts shal� bear <br /> C���04-2015 C�mplian�e Systems,Inc,8C54-276D-2fl1S.I 1.3.1498 <br /> Cans�zmer Real Estate-5ect�rity Inst�ment DL2035 Pa�e 2 0€S www.carripliancesystems.com <br />