2� 1 ���8�9
<br /> Paymen�af�Principa�a�d �r�teres�t; �the�-����-�esa ��r�•ower shal�p�om�t�y pay when due�he prxnc�p�.l of anci
<br /> interest�n the debt owed under the�ontr��c�and l��e charges ar a��y o�her fe�s and�harges due under�he Co�tract.
<br /> ,A ���cabie �a�. As used �n this Securi� �nsi.z un�ent, ��� ��rm "Applicable La�u" shall mea�l all c�nt�oliing
<br /> P
<br /> appXi�able fede�-al, s�ate a�d lo�a� s�a�u�es, regulati�ns, ��'��na���es.�nd admin�s�ra�ive rules and nrders �tha�ha�e
<br /> �he effect of law�as vv�l�as al�appli�able f��al,n���-a�peala�l�judicial�pini�ns.
<br /> �harges; Lien�. BarrovW�r shali pay all �axe�, assessmen�s, char�es, �in�,s and 11"ilp�5l.��flI75 a�tribu�abl� �o �he
<br /> Property�Which may at�a�n pr�ar�ty ave�-�his S�cur�ty �ns�:rume��, an� �ease��ald paymen�s or ground r�nts, �f any.
<br /> A��h�reques�of Lender, Borrower�ha�l pr�mptiyr f��rnish�a Lender r�ce�p��e�idencing���e paymer��s.
<br /> Barrower shall promp�ly discha�ge any �ien �vh�c�i��as�riori�.y a�er�:h�s Se�ur��.y Instru�nent un�ess Bor���er: �a}
<br /> agre�s in writing �o the payment of the �b�i�at�on sec��red �y �:he �ien ��. a manner accep�ab�e �o Lend�r; �b�
<br /> c�n�es�s in go�d fai�i� the lien �y, or defends aga���st e�farceme�� of�he lien in, �ega� praceedings v�h�ch �n �he
<br /> Lender's opin�on opera�:e to preve�� the enf�r�ement of the Iien; �r ��� s�curres fram �he holder of.'the l�en an
<br /> agreemen�:sa��sfactory��Lender subord�nating�he I�en�o �his Securi�,y �ns�rument. �f Lender de�terr�ir��s�hat any
<br /> pa� �f t�e Pr�per-�y is sul��ec��a a �ien wh�ch rr�ay a�ta�n priority av�r�h�s S�cur�� ���strurnen�, Lender rnay give
<br /> Borr��er a n��ice �d�ntify�ng the l�en. Barr�wer shal� sa�is�ihe lien or�a�e one o�-more �f the acti�n� set forth
<br /> abo��wi�hin� 1�d�.ys of�:he giWing�f n���ce. �
<br /> ]�Iazard ar]P�-�perty Insura�c�. Borrower shal� keep#:he impro�r�n�e��s n�vv e�istir�g or hereaft�r erec�ted�n�he
<br /> Prop�rty insured agains��oss by f�re,�aa�ards i.��c�uded�v��h�r��he-�erm "e�tended coverage" and any��her h�.zards,
<br /> in�Iud�ng flo�ds or fl�od��g, f�r vvhich Le���er requ��es ��s��rance. T��s �nsurance s��al� be ma�ntained in the
<br /> amounts and for�he periods�:ha�Lender requir�s. The���surance�arr�er pro�r�ding�he �nsurance shall be�h��en�y
<br /> B�rr�wer subj e�t �o Lender's appro�ral �uhich sh��.� not be un�•easonab�y v��i��he�d. ��Barravver fails �a �.ai�.ta�n
<br /> c�verag� des�ribed ab��e, Le��d�r may, at Lender'� opt��n, �b�a�n co�e�rage �o p�-atec�: Lender's righ�s �n the
<br /> Proper�y in accardance w��h se��ion�i��ed Pr�t�������f I►en€��rt��i�hts i��the Property-
<br /> A�� insUrance pfllicies and renevtrals sl�all be acc���able t� �e�c�er and shal� �nc�ude a s�andard mar�ga�e clause.
<br /> Lenc�er sha�1 have the righ�to hold�he palicies and rer�ev�a�s. �f Le�der requires, B�rro�ver shall pro�.ptly give�o
<br /> I.,�nder a��recei��s of paid pre�n�ums and renewval notices. �n�he e�rent�f�r�ss, Borrower shall give p�rompt no��ce
<br /> t�th��nsuranc�carrier anc�Le��der.Lernder ma�malte pr�af of�oss if�at m�de promp�ly by Borrvwer.
<br /> U��ess Lender and Borr�wer �therwise agre� �n vv�ri�ing, insurance pr�ceeds sha�l �e appl�ed ta rest�ration or
<br /> repa�r of t��e proper�y damaged, �f, i.n L�nder's ���e discre�i�r�, �he res�ora�t�o� or repair �s econflmica�ly feasible
<br /> and �end�r's securi-ry is �o� lessened. �f, i� Lender'� sole d�s�re��on, the res�oratian or repair is no� e�ano���ca�ly
<br /> feasible or Lend�r's security w�uld be�essened,the insurance pro�eeds shal�be app��ied�o��ie sums�ecured�y�his
<br /> Security �t�s�rume��, r�hether �r ��.�t then du�, v�ri-�� any e��ess �aid �o Borrower. If �3orrov�er aba��dans the
<br /> P�aperty, �r does not answer wi�him the r�u�ber af days prescr�bed b�.Appl�cab�e La�r as se�for�h in a n��i�e from
<br /> Len�.er�� Borr�vsrer fhat�he insura�ce carrier�as �ff�re��o s�tt�e �.c�aim, then L�nd�r 1r►ay collect th� �nsurance
<br /> pr���eds. Lender may use �he pra�eeds�� �epai� or re�tare ���e P�oper�y �r�� pay sums secured�y�his S�curity
<br /> �ns�rument,w��ether�r no�then due.The periad�f�ime �or:13o�rr�vver�a answer as set for�h in i:he no��c�vsrill�egin
<br /> vvhen the no�i�e is gi�en. .
<br /> Un�ess Lender a��d Borr�vver otherwise ag��e �n�vritii�g, a�y�.pp�i�a��on of'proceeds�o p�-incipal shal����t extend
<br /> or pQstpone�he due date �f the payments due unde�t��e ��n�ract�r cha��ge the arr�aun�of.�he payme�ts. ��`under
<br /> �he section ti�led Accelerativ�; 1������e�, the �'r�perty is acc�u�red by I�er�der, B�r�ow�r's righ�to an� i�asurance
<br /> po�icies and pr�ceeds result�ng fr�m damag� �� �he Proper�y prio��o the acqu�si��on sha�l pass t� Lender�fl the
<br /> ex�en��f�:he surns secured hy th�s Securi�y Iris��u���er�t i��nmed���ely prior�o����e acquisi�i�n.
<br /> Pre�e�vation, I�a�n�enar�ce a��d �ra��c�i�n a� the �r��e���; ��rr�wer's Laa� A.�pli�ation; L�as�ho�ds,
<br /> B�rro�ver sh��l r���des�roy, da�nage �r impair���e Prope�-ty, a���vrr t��� Pra��rty�o de�eriarate, �r calnmi��vaste on
<br /> �he Pt�aper�y.Barro�vsrer shall be in defaul�i�any forf��ture ac���n�r pr�ceecling,whe�her ci���or crimir�a�,is begun
<br /> tl�at �n Lender's �o�d fai��judgn��n1: could resu�t �n forfeiture af the P��p��r�y or othervvise materia�ly ��pair th�
<br /> lien crea�ed by this Se�urxty �nstrumen� or Lend�r's securi� ��teres�. B�rrflvver may cure such a d�efa���� and
<br /> rei�state, as pr���ded�n sec��on��tled��rr�v�er's I�igh� to �ein����e, by causing�he ac��an or proceed�n�to be
<br /> disrr�issed wi�h�.rul�ng�hat, �n Lender's gaod fai�h dete��m�na�ion,prec�ude�forfei�ure�f the Borrovt�er's in��res�in
<br /> �he Pr�per�y or o�her ma�eriai inl�airtnen� ��`�he lzem created by �his Securi�y Irns�rument vr Lender's s�curi�y
<br /> interes�.B�rr��er s�a�i als�be in defaul�if��rr�v�rer,during�:he�o�n app�icatian process,gave ma�eria��y false or
<br /> inac�urate inf�rma�ia�� �r s�ate�ments �o Lender ��r fai�ed��o p��vide Lender v�ith any mater�a� inforn-�a��on} �n
<br /> canr�ec��fln v��th�he loan e��denc�d by�he ��ntract. �f th�s Secu�-�ty 7�stru:men� is o�� a leasehold, Barr�a��r sha��
<br /> comply vvith a���h�pro�is�ons of�he�ease. If B��rrovve�acc�u�res f�e�itle��the Property,�h� �easeh��d and��h�fee
<br /> titl�shall not merge un�ess�.ender�grees��������erber in w�-�t�ng. .
<br /> 1'rot�c��an af Lende��s l�.�gh�s �n �he �rop�rty. Yf �orr��n�er fa�ls �o p�erform �he �ovenants and agre�men�s
<br /> can�ained in this Securi��ns�rumen�, or�here is � �ega�pr�ce�di��g�hat m�y sign�fcan��y affec�Len�er's righ�s ��
<br /> the Praperty �such as a pro�eeding �n ban�ru�tcy, probate, for co�de�mna�i�n or f�rfeiture or to enfor�e lavvs �r
<br /> reguiations}, �hen Lender may d� and pa� f�r �ha�ev�er �s �aecessary �❑ pra�ec� �he value of�he Property and
<br /> L�nder's rig�ts in the Prope�-�y. Le�der's ac�i�ns n�ay i��clude pa�ing any st��ms secured�y a��en�vhich has prior�ty
<br /> over this Secur�ty�ns�rument, appear�ng in cour�,�aying reas���ab�e a�torneys'fees a�d enter�ng on�he�roperty to
<br /> make repairs.Al�hoUgh Lender may tal�e act��n under�l�is sec�ior�, Lender��oes n��have�a do so.
<br /> Any amoun�s disbursed by Lender under �h�s s�c�io,� shal� beco�ne adc��t��n�.l deb� of S�rrfl�ver secured by this
<br /> Security �nstrum�nt. Un�ess F3orr�wer an�. Len�er abr�e �o o�her �erms of payment, these amoun�s s�al1 bear
<br /> �2�04-2�15 Camp�ia�ce Systert�s,Tn�.CBES-4D88-24�5.�2.2.I 112
<br /> C�ns�mer Real Estate-5ecurity�nstrumen�DL?�3fi I'age Z af 5 www.cnmpliancesystems.car�
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