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2� 1 ���872
<br /> Pa�ment of Principal a�d Interes�; �ther Ch�rg�s.Borro�t7ver sha��promptly pay�rhen du��he principal of and
<br /> interest on�he debt owed under the��ntrac�and�ate charges ar any ather fees and charges due under the Con�ract.
<br /> Appli�ab�e Law. As used in �his Secuxity Instrumen�, the �erm "Appl�cable Law" shall mean al1 c�ntral�ing
<br /> app��cab�e federa�, s�ate an�l Iacal statu�e�, regula��ans, ordinances and adminis�ra�i�re rules and arders (that have
<br /> the eff�c�of�aw�as v�rell as aIl app�r�ab�e fnal,non-appealable judicial opinio��s.
<br /> Charge�; Liens. B�rrovver sh�ll pay all �a�es, assessrr�en�s, charges, fines and imp�sx�txans attr�bu�ble �o the
<br /> Property vvhich may attazn pr�or�ty aver this Security�nstru�nent, and �easehald payments ar ground ren�s, if any.
<br /> At�he reques�of Lender,Bc�rrower sha11 prnmp�ly furnish t�Le�.der re�eipts evidenc�ng�he paymen�s.
<br /> B�rrower sha11 promp�ly di.�charge any lien tivh�ch has priarit�r over this Secur��y�n�trumen�unless�3orr��ver: �a}
<br /> agrees in �wri�ing ta the paym�nt af�he ob�igation se�ur�d by the lien in a manner acceptab�e to Lender; �b}
<br /> can�ests in go�d fa��h the �i.en by, or defends against enf�rcement af the l�en in, Iega� praceedings whi�h in the
<br /> Lender's apir�ion operate tc� prevent the enfarcernent of th� �ien; or �c� seCures fro�n �he ho�der of the lien an
<br /> agre�m�nt satisfactflry�a L�;nd�r subordi.nafiing the ��en to �.�is Secur�ty Ins�rument. �f Lender determines that any
<br /> par� of the Property is sub���ct�o a lien which may attain priority �v�r this Securxt��ns�rumen�, Lender may give
<br /> Barrotiver a not�ce �dentifyirig the �zen. B4rraWer shal� sa�isfy�a.e li�n or take or�e flr more of the actians se�far�h
<br /> above�ri�hin I�days�f�he giv�ng❑f not�ce.
<br /> Hazard nr Property In�uran�e. B�rrovver sha�1 keep th� irnprovemen�s novv e�is�ing �r hereaf�er erected on the
<br /> Property�nsured agains�los.�l�y f re,ha�ards�nc�uded within the tern�."extended coverage" and any other hazards,
<br /> xnc�udir�g fl�ods or �.00ding, �'or vvhxch Lender require� znsurance. Th�s i�zsurance shall be maintax.ned in the
<br /> amounts and for the per�ods�hat Lender requires. The�n.surance carri�r pro�id�ng the insurance shal�be chosen by
<br /> Barro�ver subj ec� to Lender's apprava� v�rh�ch sha1l na� b� ur�reasanably wi�hheld. �f Borr�vt�er fails to ma�nta�n
<br /> caverage descr�bed above, Le�der may, a� Lender's op�ivn, obtain coverage to pr��ect Lender's righ�s in �h�
<br /> Praper�y in accordance�v�th sectian ti��ed ProtQc��on of L�nder's�igh�s in the Prap�r�y.
<br /> A�l insurance po�icies a�,d renevvals sha�l be acc�ptab�e �o �.ender and shall include a s�andard mar�gage c�ause.
<br /> Lender sha11 have the right�;o hold the pa��cies and renevval�. If Lender re�uir�s, Borrotiver shall prompt�y g�ve to
<br /> Lend�r a��receip�s of paid��remiums and renewal notices. In the �ven�of lass, Borravcrer sha��g�ve promp�n���ce
<br /> to�he insuranCe carrier and]Jender.Lend�r may make praof af loss if not made promptxy by Barrovver.
<br /> I,Jnless Lender and Borravv�r o�herw�se agree in urri�ing, i�nsuranc� proce�ds sha�l be app�ied �o res�aration �r
<br /> repair of�he Proper�y damaged, �f, �n Lender's sole discr��ion, the r�s��ra�ion or repair �s economically feas�b�e
<br /> a.nd Lender's securtt}r is nat �essened. �f, in Lender's sole discretion, �he res�o�atian or repa�r �s nat economically
<br /> feasible or Lender's security vsrou�d�e Iessened,the ins�xrance pr�ceeds shail be app���d�a the sums secured by th�s
<br /> Security Ins�rumen�, whe�h�,r or n�t then due, w��h any excess paid ta Borrower. �f B�rravver abandans the
<br /> Proper�y,ar does no�ans�e�•yvi�iin the number af days pxes�ribed�y Applicable La�v as se�for�h in a nati�e fr�m
<br /> Lender to Borrower�hat�he insurance carri�r has offer�d to se�tle a c�aim, then Lender may col�ect�he xnsurance
<br /> proceeds. L�nder ma�use �l�e proceeds t� repair �r restore �he Prop�rry or t� pay s�xrns secw-ed by this Secur�ty
<br /> �nstrument,�vhe�her ar no���en due.The peri�d of�ime for�orroWer�o ansvver as se�f�r�i in the not�ce wi�X beg�n
<br /> v�rhen�he no�ice is given.
<br /> Un�ess Le�.der and Borr�vve:r o�herwise agree in wri�ing, any applicatzon af proceeds�o pr�ncipa� sha��n�t ex�end
<br /> ar postpone the due date of rhe payme��s due under�he ��n�ract or change the amoun�af�he paymen�s. If under
<br /> the section�i�le�Ac�el�rat��an; Rerned�e�, the Property zs acquired by Lender, Barrower's right�o any insurance
<br /> polzcies and pr�ceeds result:ing from damage to �he Prapet-ty prior ta the acquisztian sha�� pass to Lender �o the
<br /> e�tent�f the sums secured b�,�this 5ecurity Instrumen���-nmediately prior to the acquis�tion.
<br /> Preser�atinn, Ma�ntena�c+� a�d Pr�tec��on of the Pr��erty; �3�rrawer°� Loan App���at�on; Leaseho�ds.
<br /> Borrawer shal�n�t destroy, �iamage or zmpair the Praperty, a��ow�he Pr�per�y ta de��riorate, ar commxt waste nn
<br /> the Pr�per�y.Borrov�er sha��be in defaul�if any forfei�ure act�on or proceeding,vvhe�her c�vi�or�rzminal,is begun
<br /> that i� Lender's good fa��h j�udg�n.en� �au�d result �n forfezture af the Property or Qtherwise materially irnpair the
<br /> �zen created by this Security �nstrum.ent �r Len�ier's secur�ty interes�. Borr�wer may cure such a defaul� and
<br /> reins�ate, as prav�ded in sec�:ian tz�led�3o�rower's R�gh� to Reins�a��,by causing the ac�i�n Qr praceed�ng�o be
<br /> dismi.ssed w��h a ru�ing�ha�, in Lender`s go�d fa�th deterrnination,precludes fflrfeitur�af�he Bvrrotiver's in�eres�in
<br /> the Pr�per�y or ather xna�eria� impairment of the Iien crea�ed by this S�cur�ty �nstrumen� �r Lender's security
<br /> rnterest.Borrovver shall a�so be in�.efau�t if Borrovver, during�h��oan applzcati�n process,gave rnaterzai�y fa�se�r
<br /> �naccurate informa��on or s�a�er.�.ents �o Lender ��r failed to provide Lender with any ma�erza� infarrnation} in
<br /> con�ec��an vvi�h�he Ioan e�i{denced hy the Contract. If thxs Securrty rns�rument is on a�easeho�d, Borrav�rer shal�
<br /> comp�y,witih aII�he provis�or.ls of the Iease. If Bo�rotiver acqu�res fe��i�le�o the Proper�y, the Ieasehald and�he fee
<br /> tz��e shal�not merge un�ess L�nder agrees to�he merger in wr��ing.
<br /> Prote�tivn of Lender's R�ght� �n th� Proper�y. Zf Borrovver fa��s �a perf�rm the c�venants and agreements
<br /> con�a�ned in this 5ecuri�ty�n�z�rument, or�here is a lega�prac�ed�ng�hat may signYficantly affect Lender's righ�s in
<br /> �he Property �such as a proceedzng in bankrup�cy, prflba�e, �'flr condemnat�on or forfeiture or to enforc� �aws flr
<br /> regu�a�ions�, �hen Lender m��.y do and pay far �vhate�er is necessar�y to pr�te�t the va�ue �f the Propert� and
<br /> Lender's rights �n the Property. Lender's actions may inclt�de paying any sums secured b�r a l�en vsrhich has pr�ori�y
<br /> ov�r this Secur��y Instrument, appearing in cour�,pay�ng reasonab�e at�orneys'fees and en�er�ng on the Prflperty�a
<br /> make repairs.Althaugh Lerider may take action under�his section,Lender d�es n�t ha�re�o do s�.
<br /> Any amounts disbursed b� I,�nder under th�s sectzon shal� be�om� a�ditional deb� �f Borrower secured by this
<br /> Security Ins�rumen�. Un�ess BorroWer and Lender agr�e to other �erms of�aymen�, �hese amounts shal� bear
<br /> �2044-2Q 15 Cvmpliance Systems,Inc.CSE8-2B29-20I5.t 2.2.i t 12
<br /> Cvnsumer Reai Estate-5ecurity Ins�rument DL�:a35 Pa�e 2 af 5 www.�vm�liancesystems.com
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