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2� 1 ���871 <br /> Payr�ent of Prin��pal�nd �n��res�:; �3ther�l�arges.�3orro��r s�al�prornptly pa�when due the princ�pal of and <br /> in�eres��r��he deb�ow�d under tl�e Con��ac��nd la�e�har�es o�any other f�es and charges due unde��he C4ntract. <br /> Applicab�e I�a�►w. As used in �his Secur�ty �ns�rumen�, 1:�e ter�-� '�Applica��e Law" sha�l mean a11 con�ro���.n� <br /> applicabl� federal, state and �ocai sta�:utes, ��gula�ians, ard�mances a��. ad�z�nistrati�e rules and or�ers (�h��t ha�e <br /> the effe��t of lav��}as we�I as a11 applicab�e f�nal,no�-ap��ala�l��ud���al�p���ians. <br /> �harges, I.►iens. Bor-rower shall pay a1� �ax�s, ass�ssm�n�:s, charg�s, �in�s and imp�si��ans a�tributa�Ie to the <br /> Property v�h�ch may atta�n prinr�ty over this S��u��t�Instrumen�, �.�d 1�aseho�d paymen�s or gr�ur�d rents, �f any. <br /> At�he reques�of Lender,��rr�vsrer shal�pr�mp�i�fu�-nish��Le��deY rece�p��e��dencing�he paymen�s. <br /> B�rrower shall promp�ly d�s�harge an�r�ie��hich ha.s��r�ori�y o�er��his Sec�.0 it�r�ns�rument ur�less Borrov��er: �a� <br /> agrees �t� �ri�ing ta the paymer�t �f�he �b�iga�iti� secured �y �he ��en ij� a n�anner a�ceptab�e �a Lender; ��} <br /> con�es�s in goa� fail:h the �ien by, �r defends a.gainst e�farce�en� of the lien in, legal �roceedings v�hi�h in �he <br /> Le�-�der's opiniQn operate �o prev�nt �he �nfo�-cemen� �f the ����.; o� ��} secures fra�r� ��� h�ider of t��e �ien an <br /> agreemen�satis:fac�ory�o Lender subordin�.��r�g�l�e 1�������his Sec�-�ty�nstrumen�. .��Lender de�errriines tha�any <br /> par� �f�he Proper�.y xs subjec��o a �ien w��ch�ay a��ain �r�o�ity over this Sec�rit� Instrumen�, Lender may gi�re <br /> Borr��nrer a nat��e iden�ify���g the lien. B�rro��r sha�� sat�s�y���e ��e�or�ake one �r more �f the a�tions se�f�r�h <br /> abo�e v��th�n 1�days of�he g���ng af notice. <br /> Hazard �r Prop�rty I�surance. B�rrovver shal� �eep�he improveme�nts n�w exist�ng�r hereafter erected on the <br /> Property insured agains���ss by fire,hazards ir�c�uc��d wi�hiri tl�e terr� "e���nded ca�e��ge" and any o�ther hazards, <br /> in�iuding floods or fl�oding, far �rhich L�nder requir�s ��asuranc�. Th�s insurance shal� be �aintained �n �h� <br /> am�un�s and fo��the periods�ha�Lender requires.The insura�ce carrie�pro�vid�ng�he insuran�e shall be chasen by <br /> Borravver subjec� to Ler�der's approval whic�r s�al� nn�: be un�-easoraab�y vvithheld. If��rrawer fa��s �� m�.�n�ain <br /> caverage described ab��e, L�nd�r �naya a.� L�1`1CI�i�S ap��a►n, a�btain c�verage to pra�ect Lender`s righ�s in th� <br /> Proper�y in accc�rdance v�ri�h s�ection��tled�r��ecti�n nf Le�d��-'��.�gh�s in t�e Pr�perty. <br /> A11 �nsurance �olicies and re�ewa�s sha11 be �.ccept�ble �o Lender and sha�l �n��ude a standard martgage �lause. <br /> Lender s�a11 have���e ri�ht��h�1d�he po���i�s and�enern�a�s. �f Lender requires, Bor�ov�rer sha��promptly g��e�o <br /> Lender at�recerpts�f pa�d premiums and r��ew�l n���ces. ��the e�r�n��f l�ss, Borrower sha�l g�ve pra�np�n�t�ce <br /> ���he�nsuran�e�arrier and Lender.L�nder may ma�e proof oF lass i�ntit made pramptiy by B�rrower. <br /> V��less Lendei and Borra�er o�herwise agr�e i� v�riti�.g, �nsuran�� praceeds�sha�1 he applied to restara�i�n �r <br /> repair of the Property damag�d, if, in LenderWs so�e discr��ion, tl�e �-estora��on or repair �s econor�i�a�ly f�asib�e <br /> and Lender's security is no� less�ned. �f, in.Le�der's so�� d�scret.ion, th� res�ora�ion or repair �s no� econa�nically <br /> feasible��Lender's se�ur���wau�d be�esse�ed,t�e insurance�roGeeds shall be appl�ed�o the sums se�u�-ed by�his <br /> S�curi�.y lnstrumen�, whe�her �� n�t then due, v�i�:h an� e�cess paid �o B�rrav�er. If Borrower ahand�ns �he <br /> Pr�per�y,or do+�s not answer w�thin�he n���ber of days�rescr��ed b�App�i�ab�e�aw as s�t far�h in a natice from <br /> Lender�o Borr��er tha��he insurance carri��-has o�fe�ed�a s��t�e a claim, �hen Lena�er may co�lec�the insuran�e <br /> proceeds. Lender may use t�e pr�ceeds t� re�a�� �r res�or� �Me Pr�peri.�y ar�o pay sums secured by this Securi�.y <br /> �ns�rumen�,vvh�ther or no����en�ue.The perifld of��me f�r Bor�ow�����ansv�er as set fo�th�n�he notice w�l��e��n <br /> when the notice is given. <br /> Unless Lender�.nd Borro�rer atherwise agree ir��rit�ng, a��y app����.��on�:��r�ceeds�to principal �hal�not extend <br /> or p�s�p�ne�h� due da�e of�he p�yments du�ur�der the Cnntrac���c�ang�. ���e amauni��f�he payments. �i under <br /> the se��ion�i��ed���ele�-at��n; �t�medies, ��e Prope�:y is acquir�d by I�e��der, �Borro�er's r�gh�to a�y �n�urance <br /> pol�cies and pr�oceeds resul�ing fi om damage �:o the Proper� prior�o �he ac9uis��ion sha�l. pass to L�nder �o the <br /> e�.�ent af�:he su�ns secured by���is S�cu�-ity�ns�:�-umen�irnmedia�ely prior���he acquis�t�an. <br /> �reser�ation, �ain�e�anc� anc� Prat��tio� af th� P�rap�r�y; ��rra���r's Laan App�ication; ��as�hoids. <br /> B�rr�vver shail no�des�roy, damage ar impair��� Pro�er�y, aliov��he Proper�y t�deter�arate, or co�.m�t w�.s�e �n <br /> �he Propert�.B�rr�vWer shall be ir�defaul�i�an���rf�it�.�re a�t�nn fl��roceed�ng,v�rh��her c��il�r crim�na.l,i�begun <br /> tha� �n Lender's �odd f�.i�h j udgment c�u�d r�sul� �r� fo�-feiture of t��� Pr�perty �r a�herw�se materiali� ��npa�r�he <br /> l�en created byr th�s Security Ynstrum�n� or Lender'� securi� interes�. B�nrrower n�ay cure such a defau�� and <br /> reinsta�e, as pra�ided in sec��nn titled��rrov��r's ��ght �� R��r�sta��, by ��us�ng�he action�r pr�ceedir�g�a be <br /> dis�nissed v�ri�h a�uii�ag�ha�, in Ler�der's good fai�h�de�ermi�aat�a��,�r�clude�forfeitu�e af�he�3orrov�er's i�teres�in <br /> the Pr�p�r�y o�� o�her ��a�erial im�airmen� of�he lien created by this Security �nstt urr�e�n� or Le�der's security <br /> in�eres�.Borravver sha11 also be in defaul�if B��r�wer,d�:�ring�:��e�oan a�pp�T�ca�ion process,gave ma�erial�}r false ar <br /> inaccurate inf�rma�:�on or s�a�temen�s to L��der ��rr fai�ed fi� pr��i�e Lender with any mater�a� i�fQrma�ian} in <br /> connection wi��l�he �oan ��idenc�d by the Con��-act. �f th�s Securi� Ins�rumen� �s o� a leaseh�ld, Borr�wer shall <br /> comp�y���:h a1l t��e prowis�nns of the lea�e. If�a�-r��v�r�cqu�res fee�i�le�o�he Proper�}r,�:�e�easeh�Id and�he fee <br /> �i�le shal�not merge un�ess L�nde�-agrees�o�he me�-ger�n writ�ng. <br /> Pra�ecti��� of Lender's l��gh�s �n the Pu-���r�ye 7g �o�rawer fails t� perfor�n ��e covenan�s and �greemen�s <br /> contai�ed in th�s �ecuri�.y Ins�rurr�en�, or th��-e is a iega�pr�ce�d�ng�ha�ma�signif can�iy affect Le�d�r's r�gh�s in <br /> the Pr�p�r� �such as a proceeding �n bankrup�cy, pro�ate, f�r c�nde�nnaf���r� or forfeiture �r �o e�afor�e �aws �r <br /> reguiatians�, then Lender may da and pa� for whai:e�ver �s necess��y �� �rotect the �alue af the Prope��y and <br /> Len�}er's rights in��e Prop�rty. ��nder's a��i�r�s may�nclude pay��g any sums secured by a��en�hich has priority <br /> o�er t��is Securit��nstrumen�, appear�ng�n cout-�, pay�ng r�as�n�b��at���ne�s'fees and�nterin��n the Pr�perty t� <br /> ��ake re�airs.A�l�hough Lender may�ak�a��io�L�nder th�s sectio��,�.�nder���es nat hav�ta da s�. <br /> Any amoun�s a[isbu�sed by Lender u�de� 1:h�s sec��on sha�1 �ec��r�e additi�na� debt �f Barrower secur�d by this <br /> Securi�.y �n�firument. Unie,ss Borro�ver and Ler�d�r ag�ree �� o�her terms �f payment, fihese am�un�s sh�.�l bear <br /> GD 24��-2fl 15 Compiiance Sys#ems,Inc.CBES-llA45-2�15,12,2,1 I 12 <br /> Cvnsur�7er Real Estate-Se�uri#y�nstrurnent DL2�3� Pa�e 2 of� www,compliancesystez�s.corn <br />