2� 1 ��529�
<br /> Paym�r�t of Pr�ncipal and Interest; U�her�harg�s.Borrower sha�l pr�m:ptly pay v�hen due fihe principal�f and
<br /> interest on�he de�t��nre�under�i�e Con�rac�a�d�ate charges or any��her fFes and charg�s due under�he��ntract.
<br /> App�i��k��e Law. As used in th�s Security ����rumen�, the ��rm "Appii�able Law" shal� mean al� can�roll�ng
<br /> applicable fede�-al, state and local s�a�utes, regulat�ons, ordir�ances a��d �.dnnin�strat�v� ru�es and orders �th�.t ha�e
<br /> th�effect af�av��as we��as al�app��cable��aa�,n�n-appealab�e j udiciai��i��i�ns.
<br /> Charges; Li�ms. Barrower sha1� �ay aIl �a�es, assessments, charges, �nes and �mpasi�ions �.ttr�butab�e to �he
<br /> Property�vh�ch may attain priori�y over ih�s S�curi�y Ins�rumen�, and �easeh�ld paymen�s or grou�d rents, if any.
<br /> At�he request of Lender,Borrower shal�pr�r�-�pt�y fixrnish t�L�nde��e�eipts eviden�ing�he payments.
<br /> B�r�ov�er si�all promp�ly discharge any lien vsr��ch �as pr��rity �v�r�his Secur��y �ns�rumen�ur�Iess Barrower: �a�
<br /> agrees �n wri�ing �� the paymen� af�he abl�gation secured by t��e �ien i�r� a manner accepta�Ie �o Lender; �b�
<br /> con�es�s in g�o� fai�h �he lien by, or defends �ga�nst enforcement �f the :�ien �n, �egal proceedings �h��h in the
<br /> Lender's opin��n �p�ra�e �o preven� �he enf�r�ement Qf the Iien; or �c} s�cures fram �he ho�der �f t�e lie� an
<br /> agreemen�sa�isfa�tory to LeY�der subord�nati�g the �ien�o th�s Secur��ty Instrumen�. If Lender c�e�erm�nes��a�any
<br /> part of�he Pr�pert� �s sub�ect�a a l�en v�h�ch may �.ttain priar��y o�er this Secur�ty �ns�rumen�, Lender may gi�e
<br /> B�rrower a no��ce �den��fying�he l�en. B�rr�vver shall sat�sfy�he ��e�or take ane �r m�re �f�he act��ns se�for�h
<br /> above w��hin 1�days af the giWing of n���ce.
<br /> Hazard �r Pr�perty Insurance. Borrowe�sha�l k�ep�he impr�vem�ents novv e��s��ng ar hereafter erected on the
<br /> Praper�insured aga�nst loss by f re,hazards ir�c�uded�i�hin�he�erm "ext�nded co�erage" and any��her hazards,
<br /> ��cluding flo�ds flr f�oodimg, f�r �hich Lend�r requires insuran�e. This insurance sha�� be ma�n�ai�ed �n the
<br /> am�unts and fo�-the per��ds�ha�Lender rec�uires. T��e insurance ca�r�er pra��ding the insurance sha�l be ch�sen by
<br /> �orrou�er subject �fl Lender's appro�a� which shall n�t be unreasanably yvi�hheld. �f B�rr��er fails t� rna�ntain
<br /> Co�erage described above, Lender may, a� Le��der's apt��n, ob�a�� c�W�rage �o pratect Ler�der's r�ghts in the
<br /> Prap��-ty in acc�rdar�ce wi�h sect�an titled Prot���io�►of Len��r's R�ght�in the Prvper��.
<br /> A11 �nsuran�e �nl�c�es a�d reriev�rals shall be acCep�able t� Lender �.nd s�G�11 inctude a standard mor�g�ge c�ause.
<br /> Lender shal�have�he right ta h�id 1;he pol�cies and rene�a�s. rf Lender rec�uires, Bar�ov�er sha��promptly gi�re�o
<br /> Lender aIl re�e�pts �f�aid pr�miu�ns and r���ev�a� no�ices. In the even�of��ss, Borrov�er sha�l�ive promp�not�c�
<br /> to�he insurance carrier and Lender.Lend�r m�y make proof of l�ss if no�mEade promp�ly by Ba�rower.
<br /> Unless Lender and Borrov�er o�herwvise agre� in w��tiing, ir�suranc� proc��eds sha1� be app�ie� t� res��ration �r
<br /> �-epair af�he �rQpeY-�y damaged, if, in Le��der's �ole �iscre�iar�, the res�or��tion or repa�r is econ�rr�ically feasible
<br /> and Lender's security is n�� lessened. �f, in Lender's so�e d�s�re�ion, �he rest�rati�n or repair is no� econom�ca��y
<br /> feasible or Lender's secur��y wou�d be lessened,the�nsurar�ce pr�cee�ds sha11 be app��ed�o�he stxms secured by th�s
<br /> Secur�ty �nstrumen�, whe�her �r no� �hen due, w��h any ex�ess p�.id to �arrovv�r. If Borrav�rer ab�nd�ns the
<br /> Property,or do�es not ansvver v�ithin the number�f days prescribe�l��Appli�ab�e Law as se�f�rth��a no�ice from
<br /> L�nder�:o Borr�wer�hat the insurance �arr�er has offered to sett�e a c�a�m, then Lender may cG�lect�h� insuran�e
<br /> proceeds. Lender may use �he pr�ceeds to repair or restare �he Property c�r�o pay sums s�cur�d by th�s Security
<br /> �ns�rument,wh�ther or no��hen due.The per�ad of��me for B�rrawe�to an swer as set fo�th in t�e n��ice wil�beg�n
<br /> v�hen�he n��ice is g�veri. :
<br /> LTnless Lender and Borrower othervvise agree in wri��n�, any appl�ca��o� o��proceeds to princi�al shall n��extend
<br /> or postp�ne�he due da�e af�he paym�nts due under the Contrac�or chang�e the amount�f the payr�en�s. ��unde�-
<br /> the section titied Ac�elerat�on; �.emedies, �h� Prope��y�s acquired by Le�nder, Borro�er's right�o any insurance
<br /> po��cies and proceeds resu�ting from dam�ge t� t��e Property prior�� �he ��quis��ion shall pa�.s �o Lende� t� �he
<br /> extent of�he sums secured by�his Securi�y�ns�rume��immedia�ely pri�r to the ac�uisitian.
<br /> Preser�a�tian, II�Iain�ena��� and �r�tec�ion af the Proper��; I�orro��r's I.�oan App�ic�tion; L�as�holds.
<br /> B�rrower sha11 no�dest�oy, damage �r impair�the Pr�perry, a���w�he Pr�perty�� deterio�-a�e, or comm�t v�aste on
<br /> �he Pra�erty. Borr�v�er sha��be in default��a�y forfeiture ac�ion or pr�C�ec��ng,vvhether civi�or crimina�,is begun
<br /> �;hat in Lender's good faith judgmen� c�u�d resu�t in forfe��ure �f t��� Pr�per�y �r othervvise mater�a�ly �m-pair�he
<br /> ��en crea�ed by th�s Se�urity Iris�rumen� or L.e�der's securi�y in�erest. Borror�ver may cure �uch a d.efault and
<br /> reinsta�e, as pr��ided �n s�c��an titled�orr��er's I��ght to I�einstat�, by causing the action�r pr�ceeding�o�e
<br /> dismissed v���h a ru�ing tha�, in Lender's go�d fa�th determinat�on,pr�clu�e�f�rfeiture of�he Barr�v�er's in�eres�in
<br /> the Pr�perty �� ��her ma�e�-ial �mpair�nen� of t�e �ien cr�ated by �:��is S�cur�� Ins�:ru�nen� ar Ler�der's securz�y
<br /> �n�erest. Borrower shall also be in default iF Borr��v�r,during�he�aan appl:ication pr�cess,gav�ma�erial�y�a�se�r
<br /> �nac�ura�e �nformation ar statements to L�nder �ar fai�ed �o pra�ride Ler�der wi�h any mater�al ir�forma��or�} in
<br /> connect��n w�tl�the loan e�idenced by the ��nt�ac�. �f�his Securi�y Instru��en� is on a leaseh�ld, Barrov�rer shal�
<br /> comply wi�h al��he pro�isions of the lease. �f�orr�wer acquires fee�it�e ta the Property,the�easeha�d and�h�fee
<br /> title sha�l not merge un�ess L�nder agre�s ta�he merger in�riting.
<br /> �'rotect�nn ❑f Lend�r's �tights in the ��r�p�r�y. �f Borro�er fa��s to �erf�rm the co�enants and �.greements
<br /> contained in th�s Secur�ty�nstrument, or th�re is a�ega�proceed�ng�ha�may s�gnifcantly affec�Le�.der's righ�s in
<br /> the Proper�y �such as a proceeding in ban�rup�cy, pra�a�e, for condemna��ion flr f�rfe�ture or to e�force la�vs or
<br /> regula�ions�, then Lender may do and pay far wha�eUer �s necess�ry �o prat��t the �alue of the Pr�perty and
<br /> Lender's righ�s in�he Proper�y. Lender's ac����s may in�lude paying an�sums secured by a lien which has pri�rity
<br /> o�er�his Securi�ty�ns�rum�n�, appearing�n c�u�,paying reasonabt�atto�n�,ys'fees and enterin�on�h�Prapex�y to
<br /> make repairs..�.l�hough Lender may�ake ac�ior�under this secti�n,L��d�r�ioes n�t have�o da su.
<br /> 1�ny amoun�s dis�bursed by Lend�r under �h�s secti�n shall b�come addi�ianal deb� of Borrov�er secured by �his
<br /> S�curi�y rnstrumen�. Um�ess Sorr��er and Lender agree ta other �e�-ms of payment, these amaunts sha,l� bear
<br /> fl����€-2�15�vmpliance Syst�i-ns,Ir�c.CSES-CB�A-201 S.1�.�.I i t 2
<br /> Consur��r Real Estate-Se�urity Instr�;nent I3L2�36 Page 2�f 5 www.comp�iancesystems.c�rn
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