2� 1 ��382�
<br /> Pa�men�of Prrnczpa�and In�e��e5t; �ther�harg�s. Borrower sha��promptly pay v�hen due th�princi�al of and
<br /> interest on the debt owed under the Can�ract and late charges or any o�her fees and charbes due und�r the Contra�t.
<br /> Applicable Law. As used in t���s Securi�y �nstrumen�, the �f�rm "App��cab�e Law" sha�� mean all ���ntro���ng
<br /> app�rcab�e federal, s�a�e and I�cal s�a�utes, regu�atzons, ordinan.�es ar�d adminrs�rati�e rules and orders �that have
<br /> the effec�of Iaw�as we�l as a1�applicable fina�,non-appealable.�udicial ap�n�ons.
<br /> Ch�rge�; L�ens. Borrower shali pay alI �axes, assessmen�s, ��harges, fines and i�nposx��ons a�tributable �o the
<br /> Praperty wh�ch znay at�ain priority aver th�s Se�u�ity Ins�rumer��, and leaseho�d payments or graund ren�:s, if any.
<br /> At the request of Lender,B�rrower sha�l pro�nptly furnish to Le:�der�r��erp�s ev�d�n�ing the payn�en�s.
<br /> Bflrrovsrer sha��prflmptly discharge an� ��en vvh�ch has priorifiy flver th�s Security �ns�rument un��ss Borrov�er: �a}
<br /> agr��s �n v�r�ting to the paymen� �f�he ob�igati�n se�ur�d b.� the Iien �n a manner acceptab�e to Lender; �b�
<br /> �on�es�s in good faith �h� lzen by, or defends against �nforcez��en� o�'the �ien �n, �ega� prace�dings wh�.ch �n �he
<br /> Lender's op�n�on �pera�e �o prevent �he enforce�nent of th� li�en; or �c� secures from the halder of�h�� lien an
<br /> agreement satisfactory ta Lender subordi.zlat�na�h� ���n to thzs �ecur��y �ns�rumen�. �f Lender determine���tha� any
<br /> par� of�he Proper� is subject t� a �ien wh�ch�nay at�axn pr�or;ity o�er�his S�curit� Ins�rum�nt, Lender may give
<br /> Borro�er a notice �dent�fy�ng th� �xen. Borr�wer sha�� sa�isfy���� l�en or�ake one or�m.ore �f the ac�iflns set for�h
<br /> above vvi�hin ��days af the aiv�r�b of n�t�ce.
<br /> I3azard or Proper�y InSurance. B�rrower shall keep�h� imp�°ov�ments now existing or hereaf�er erec��d on the
<br /> Prapex�y insured aga�nst Iass by:�re,hazards inciuded within th�term "ext�nded coverage" and any other�hazards,
<br /> including flo�ds flr flood�nb, far which Lender requires insuran�e. This insurance shall be r�a�ntain�d in �h�
<br /> amoun�s and for�he periods�hat Lend�r requ�res.The �nsuranc�� carrier provid�ng the insuranc�s�al�b�chosen by
<br /> Barravver subject to Lender's a�pro�al w�ich shal� not he unr�asonably wi�hheld. �f Borro�wer fails to maintain
<br /> coverag� descr��ed �.bove, Lender may, at Lender's o��ifln, ��bta�n c�verabe �o protec� Lender's r�gr�ts in the
<br /> Property in a�cordance v��th sec��on�itled Pro�ectzon of Lende��'s R�g�a�s in the Property. �
<br /> A�� �nsu�-ance poiicies and renev��a�s shall be accep�abl� ta Lender a�d sha�� �ncXude a standard m�rtga�e c�ause.
<br /> Lender sha�l ha��the right�o hold the pol�c�es and renewa�s. If'Lend�r requ�res, Borro�ver shal�promptly g��e�o
<br /> Lender al�receipts �f pa�d premi.ums and r�n�wa�natices. �n�h e e�ent af loss, Borrower sha�l g�ve prorrip�natice
<br /> to the insurance carr�er and Lender.Lender may make proof of]oss if not made pro�nptly by Borr�wer.
<br /> Unless Lerider and �orrower o�herw�se agree �n writing, insurance proceeds shall b� applied to restoration or
<br /> repair of the Proper�y damaged, if, in Lender's s�ie dis�retion; the r�stora�ion or repa�r is econamicall� feas�ble
<br /> and Lender's securxty rs na� Iess�ned. �f, in Lender's so�e discr���ior�, �he restora�ian or repa�r�s no� e�or�on��cally
<br /> feasible or Lender's security would be�essened,�he insuranc�p��oc�eds sha��be appiied to the sums secur�;d by�his
<br /> Secur�ty �nstrument, urhether or not th�n due, �ith any exc�,ss pa�d �� Borrower.��f Borrov�er abandons �he
<br /> Proper�, ar does no�answer wit��in�he nurnber af days prescri��ed�y App��cable Law as set far�h�n a notice firom
<br /> Lender to Borrov�er tha��he insurance carrier has offered to se�:tle a c�aim, then Lender may co�=ec��he �nsuran�e
<br /> proc�eds. Lender may use the proceeds to repair or r�store the: Prap�rry or�o pay sums secured by �his Security
<br /> Ins�rum�nt,whether�r not then d.ue.The per�od af t��ne for Bor��ower�.o answer as set forth in the no�ice U�i�1 h�g�n
<br /> ,when�he n�tic e is given.
<br /> �Jnless Lender an�Borrawer otherwise agree xn writinb, any a��pli�ati�n of proceeds to principai shali nr�t extend
<br /> or postp�ne the due dat� of�h�paymen�s due under the �ontra��or change the amount of�h�payments. �f under
<br /> �he section t�t��d.A►.ccelera�ion; ]�.emedi�5, �he Property is a�q���red by Lender, Borrov�er's r�ght�o any insurance �
<br /> p�li��es and proc�eds resu��in� from �amage to the Proper�y ��rior�o the a�qu�si�ion shall pass �o Len�:er t� the
<br /> ex�ent of�he sums secured by�h�s Security��strurr�ent imm�diat��ly pr�or to the acqu�s��ion.
<br /> �'reservat�on, Ma�ntenan�e and Pro�ection of the Proper��y; B�rrower's Loan AppZica�ian; LeaSeho�ds.
<br /> �orro�er sha��not destroy, damage or zmpa�r�he Praperty, a��c�v�the Praperty to de�erxora�e, or cammit vvaste �n
<br /> the Property.Bflrrower shal�be im defau��if any farfeiture act�o��or praceed�ng,whe�her c��rl�r cr�m�inal,is begun
<br /> �hat �n Lender's gflod fai�h judgr.�.ent could resu�� in fnrfexture ��f the Properry ar o�h�rwise mat�rial�y impair the
<br /> li�n created by �his Secur�ty �nstrumen� ar Lender's security int�rest. Borrow�r may cure su�.h a de;�'au�� and
<br /> re�nstate, as prnvxded rn seetion�i��ed Borr�wer's R.�gh� to Re ins�ate, by caus�ng the action or pr�ceeding�� be
<br /> dzsmissed with a ruling tha�, in L�nder's gaad faxth de�erm�na��a:�.,precludes forfeiture of�he Borrovver's �r��erest�n
<br /> �he Properry or o�her materiai i�npaxrmen� af�he 1��n crea�ed by �h�s Secur��y �nstrumen� or Lender's securxty
<br /> in�erest.Borrower sha�l a�so be in default if B�rrovver,during�h� loan appizcation process,gave ma�errall�fa�se or
<br /> inaccura�e �nforma�i�� or staterr�ents to Lezader �nr fai�ed to ��rovxd� Lender tiv��h any ma�eria� informa�ion� in
<br /> connect��n wi�h the I�an evidenced by�he �on�ra�t. If�his Security �ns�rumen� �s on a l�asehald, Barro�aver shal�
<br /> comply with ai�the prov�si�ns ❑f�he �ease. If Borrower acquire��fee�it�e ta the Pr�per�y,the Ieas�hoXd and the fee
<br /> titl�sha�X not merge unless Lend�r agrees���he�nerger in v�rit�ng.
<br /> 1'rotec�ivn flf Le�der's Rights �n the Pr�pert�r. If Borrower fa��s to perform the cflvenants and ag:reements
<br /> con�a�ned in�h.�s Se�urx��ns�rum�n�, or�here is a lebal pro�eec3inb�hat may signifcantly aff�c�Lender's righ�s in
<br /> �he Property �such as a proceed�ng �n �bankruptcy, praba�e, for condex�na�i�n or forfei�ur� �r ta enforc�; Iavt�s or
<br /> regu�atiflns}, �hen Lender may d.� and pay for �ha�ever is ne�essary �o pr�tec� �he va�ue of�he Pr���erfiy and
<br /> L�nder's r�ghts in�he Properry. Lender's a���ons may inc�ude pa.�ing any sums secured by a Xx�n�hich ha��pri�rity
<br /> over th�s Secur��y�nstrument, appearing in cnurt, paying reason,�.b�e at�orneys'fees and entering��n the Properry�o
<br /> make repairs.A��h�ugh Lender rr�ay take action un��r�his sec�zon,Lender does nat have t�do s�.
<br /> Any amounts disbursed by Lender under th�s sec��on sha�l be�ame add�tional deb� af Borro�ver se�ureR3 by �h.�s
<br /> Se�urity �nstrumen�. UnXess ]Borrov�er and Lender agree to o��her �errns of paymen�, these anr�ounts s]�al� bear
<br /> Q 2aQ4-2a15 Campliance Systerns,Ir�c.8C54-28�A-2D�5,1 l,3.1098
<br /> Consumer Real Estate-Secur�ty Instrument DL203 G Page 2 af 5 r�ww.cvmplian�esysterns,�v€r3
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