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2� 1 ��5�28
<br /> Pa�ment of Pr�ncipal and Interes�; Uth�r Charg�s.BorroV�er sh��1 pr�x.�.p��y pay urhen due the pr��.c�pal of and
<br /> interes�on the deb�owed under the�ontrac�a�a�.la�e charge�c�r any ot.her fees and charges due under the Con�ract.
<br /> .�.pplicabie Layv. As used in th�s Security Zns�rument, the term `f Appli�able I�a�r" sha�l m�an a1� �con�ro��ing
<br /> app�icab�e federal, s�ate and �ocal statu�es, regulatians, ordinances and ad:min�strative rules an� arders ��hat have
<br /> �he effect of lav�}as v�e1l as alI app��cab�e f�nal,nan--appea�abl�judicial ap�:n.iflns.
<br /> �harges; Liens. Borrovver shall pay all taxes, assessments, charges, f�n�s and imposi�ians at�rzbutable �� the
<br /> Prop�rty vvhich may a�ta�n priorit�over this Security�ns�xzni�n�, ar�d leas�hold payments or ground ren�s, if any.
<br /> At the reques��f Lender,�3orrower shal�pram�.pt�y furnzsh to Lender receip�ts e�idencing the paymen�s.
<br /> Borrower shall prompt�y d�scharge any�i�n�hi�h has priorzty aver��is S�cur�ty Ins�rument unless Borrower: �a�
<br /> agrees �n wr�t�ng t� �he paymen� Qf the �b�igation secured by th� ��en in a manner acceptable to I�ender; �b}
<br /> contests in go�d faith �he �ien by, or d�fend� aaains� enforcemen� af�he lien in, Iegal praceedings wh�ch in the
<br /> Lender's apinror� opera�e �o prev�nt the enforcement of the lier�; �r �c} �ecures from �he hfllder of�he ��en an
<br /> agreemen�sa�isfactory�o Lender subardinating the lien to thi� �ecur��y rn��rurnent. If Lender�e�ermznes�ha� any
<br /> par� of�he Praper�y is subjec�to a �ien yvhich may attain pr�ority o�er thia Securi�y�ns�rumen�, Lender rnay give
<br /> Borravver a notice ider�tify�ng the �ien. Borrowe�sha�� sat�sfy the ���n or��ke one or more of the actzans ��t f�r�h
<br /> abave within 1�days af the giving af notice.
<br /> Hazard or Property Insuran�e. Borrav�rer shail ke�p the improvements n�w ex�s�ing or hereafter ere��ed on�he
<br /> Praperty insured aga�nst l�ss by fire,hazards included wi�hin�.he�er�n"ext�nded coverage" and an�other hazards,
<br /> �nc�udi�..g floods or floodzng, for vvh�ch Lender requ�res insuran�e. Th�i� znsurance sha�1 be ma�ntained in �he
<br /> am�unts and ftir the periods�hat Lender re�u�res. The in�uran��e carr�er pr�viding�he insurance shall be chosen by
<br /> �orrower �ub�ect �o Lender's approval v�hich s�a11 n�t be unreaso�a�bly �vithhe�d. If Barrov�rer fails �o main�ain
<br /> �o�erage described abave, Lender may, a� Ler�der's option, Q�tain cov�rage t� pratect Lender's ri�h�s �n the
<br /> Proper�y in a�cordance�v��h sectzon��t�ed Pr��ect��n of Lender's Rx.gh��in the Property. �
<br /> Al� insurance po�icies and renewals shall b� acceptable �� L�nd�r and shail include a standar� mortgage ciause.
<br /> Lender sha��have the r�gh�to hold th�policies and renewals. �f Lender requires, Bflrro�er sha1�promp�ly give to
<br /> Lender a��receipts�f pa�d premiums and renewal natices. In th� ev�n�of:��ss, BorroWer sha�l give pra�mp�na�ice
<br /> �o the insurance�arr�er and Lender.Lender may make proof o:f Ioss if not made promptly by Borrovver.
<br /> Un�ess �ender and Borr�wer o�herwise agre� in vvriting, insuranc� proc�eds sha11 be appl�ed t� res�toratian or
<br /> repair of�he Proper�y damaged, �f, in Lender's s�1� discreti�n, the restoratiQn or repair �s ecanomically feasible
<br /> and Lender's security zs na� �essened. �f, in L�nder's sole dist:re�ion, the r�;stara�ian or r�pair is not economically
<br /> feas�ble ar Lender's securifiy would be�ess�ned,the insurance�r�ceeds sha��be applied to the su�x�s se�uxed by th�s
<br /> Securi�y �ns�rument, �rhe�her or not then due, v�r�th any excess pa�d to BorroWer. If B�rrc�tiver alaandons �he
<br /> �'roper�y, ox does�at a�.s�ver within the number of days presc��ibed by App�icable Lav�as se�for�h in a notice fr�m
<br /> Lender to B�rraw�r that the xnsurance carrier has �ffered t� se�tle a�la�m, �hen Lender rnay cal�ec�the �nsurance
<br /> proceeds. Lender may use �he proceeds to repa�r ar res�ore t��e Pr�perry or t4 pay sums secured by�his �ecurity
<br /> Ins�rumen�,whether�r n��then due.The peri�d�f time f�r Borrovver to an�v�er as set farth zn�he notxce W�IX beg�n
<br /> vvhen the n��ice is given.
<br /> Unless Lender and Borrower o�herwise agre� in wr�txng, any,�pp�ica�iom af proceeds t�princi�al shal�no�ex�end
<br /> Qr pos�one�he due da�� of the paymen�s due under�he Con�ac��r change �he amount of the payments. �f under
<br /> �he sec�ion t���e�A��e�eration s Remedies, �h� Property is ac{�uired by Le:r�der,Barrower's r�gh�to any in�urance
<br /> po��c�es and proceeds resu���ng from dam�ge �❑ �he Property pri�r �� �he acquisi�ion sha�I pass ta Lender t� the
<br /> ex�en��f�he sums secured by th�s 5ecur��y Znstrument immedi,��ely prior to the acquisi��on.
<br /> Preservati�n, Maintenar��e and Pratec�ion �f the Property; �orro�er's Loan Application; Leas�ho�ds.
<br /> Borrower shal�na�des�roy, damag� or impair the Property, allow th�Prapert�tfl de�eri�rate, or c�mm;it�vaste on
<br /> the Proper�y.Barrower shaTl be�n defau��if any�`orfeiture ac��on or pr�ceedzng,whether civil or crim�n�.l,is begux�
<br /> �ha� zn Lender's gaQd faith judgment cauld resul��n forfeitur�; �f the Pr�p�rty �r ather�vise materially impair �he
<br /> Iien crea�ed by th�s Security Ins�rumenti �r Lend�r's secur�ty znterest. Borro�ver may cure �uch a �.efau�t and
<br /> re�ns�a��, as prov�ded �n section�i��ed Bar�o�er�� Right to��eins�a�e, by causing�he ac�ion�r pr�ceeding��be
<br /> dismi.s�ed vv�th a rulitlg tha�, in Le�der's gaod fa�th deterrnina�ion,pr�clude�forfeiture of�he Borro�re�-'s int�rest in
<br /> the Praper�y ar other ma�erzal impairmen� af the lien crea���d by �his 5�curifiy �nstru�nent or Lender's secur�ty
<br /> in�erest.Borrower shall alsa be i�default if Borr�wer,during�.he 1�an app��cat�on pro�ess,gave material�y false or
<br /> ina�curate informa�ian or s�a.�ements �a L�nder �or fa�led �o prav�de I�ender uri�h any materia� inforxna�i�n} it�
<br /> c�nne���an wi.th the �oan evxdenc�d�y the C�nt�-ac�. �f�his 5c�cur�ty�ns�rumen� is on a leaseh�ld, B�rrawer shall
<br /> comply vv�th a�I the provi��ons of�he lease. �f�3arrower acquir�es fee��tle t�the Pr4perty, the�easehold�.nd�he fee
<br /> txtXe shal�not merge unles�Lender agrees to the merger in wr�ting.
<br /> Prote�t�on vf Lender's �ghts �n the P�o�erty, �f Borrav�er fa�ls ta �rerform the cflvenan�s and agre�ments
<br /> con�ained in this 5 ecuri�y Ins�rum.ent, or th�re �s a�ega�proce�ding�ha�m�y significan��y affec�Lender's rights in
<br /> �he Property �such as a pr��eeding in bankruptcy, prQba�e, for condem�x�.at�on or forfei�ure or �Q enfQr�e laws or
<br /> regula�ions}, �hen Lender may da and pa� for vvha�ever is necessary �ti pr��ect the value of the Property and
<br /> Lender's rig��s in the Property. Lender's ac�ions may include payzng any su:ms secured by a l�en�which has prz�rity
<br /> aver this Securxty�ns�rument, appea.ring i.n.�our��pay�ng reasonab�e at�orn�ys'f�es and en�ering on�he Propert��o
<br /> make repairs.Although Lender may�ake actxan under�his section,Lender�aes nat hav��o do so.
<br /> Any arnounts disbursed by Lender under �h�s s�cti�n sha�� b��came addi���na� deb� af Barr��er secured by this
<br /> Secur�ty Ins�rumer�t. Unless Borr�wer and Len�er agree �o a�her terms af payment, �hese am.oun�s sha�1 bear
<br /> C�24Q4-2�15 Camp�iance Systems,Inc.CBE8-1319-2�15.I2.2.11 I2
<br /> Consunner ReaI Estate-Security Instrument DL2435 Pa�e 2 af 5 www.cortipliancesystems.�am
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