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2� 17� 1378
<br /> Payrnent�f Pr��.c�pax a�d][nter�st; Dther Ch��rges.B�rr�wer shall pr�mptly pay,t7vhen due the prin�i�al of an�
<br /> interest on the debt fltived u�s�er the�Qntrac�and la�e charges or a��at:her fees and charges due under the�on�ract.
<br /> Applicable ILa�v� A.s use� in th�s Securzty �ns�rument, the term "Applicab�e La�v" shall rnean aI� con�ro�ling
<br /> app�icable federa�, state and local statutes, regul.atians, �rdinances an.d admin�strative rul�s a.nd arders �that have
<br /> �he effec�af�avv}as we��as��11 app���able f nal,n.an�appealable�udi��a.I apiniflns.
<br /> Charges; L�ens, �3orrovver sha�� pay al� �axes, assessments, �ha.rges, f nes and im�osi�ions at�ribu�ab�Ie to the
<br /> Properfiy vsrhich r�ay at�ain pri�ri�ty over this Security Instrumen�, a�d �easeho�d payments or grou.nd renl:s, if any.
<br /> At�he reque�t�f Lender,B�rrower shal�promptl.y furnish�a Lend�r receip�s evidencing the payments.
<br /> Borrower sha�I promptly di�charge any 1i�n Whi+�h has prior�ty ave��I�is S�curity In��rument un�ess Borro�ver: �a}
<br /> agrees in writing �o the pa�,�ment of the ob��gation secure� by �he :lien in a mann�r a�cep�ab�e ta Lender; �b}
<br /> can�es�s �n good faith the li��n by, Qr defends a��ains� enf�r�ement a��he Iien in, lega� praceedings v�hi ch in �he
<br /> Lender's opulian �perate �� prevent the enforc��ment of the �ien; or �c} secures fram �he holder af th� ��en an
<br /> agreemen�sa�isfactozy to Le�.der su�ordiun.ating#:he �xen t� ��is Securi��y�ns�rument. If Lender determi�ne��ha�any
<br /> par� of�he P:roperty xs subj�ct ta a iren wh�ch xr.Eay a�tair�prrority av�r �this Security�nstrumen�, Lender may g�ve
<br /> Borrovver a notice identifyin.g�he lien. Borravve�-shal�satisfy�he lien or take one �r r�ore of the ac�zons se�for�h
<br /> above w��hzn ��days of the��zvzng af no���e.
<br /> Hazard or Fropert�In�ur��nce. Borrower shall keep the improvements notiv e�ist�ng or hereafter erec�+�d on the
<br /> Property insu�-ed against Ioss�by fire,hazards�nctuded within the�erm"extended coverage" and any other�hazards,
<br /> including floads ar floodix�;�, for wh�ch Lende:r requir�s insuran�e. This insurance sha1� be main�ainrd in �he
<br /> amQun�s a.nd for the periods�hat Lender requires. The�nsuxa�ce carri�r pr�vi�.�ng the�nsurance sha1�b�chos�n by
<br /> Borrower subj ect to Lender's appro�al which s��all nat be unreasana.b�y withheld. If Barrovver fai�s �o main�ain
<br /> caverage de�cribed a�o�re, L�n�er may, at Le�lder's ap���n, ob�ain coverag� �o pratec� L�nder's rgg�ts in �he
<br /> Property in a�cordanc�vvi�h sec�ion tit�ed Protec:�ion vf Len�er's�gh�s in the Praperfy.
<br /> AlI insuranc� pal�czes and r+�ne�vals shal� be ac�,ep�able t� Le�.der and shal� inc�ude a s�andard m�r�gage clause.
<br /> Lender shal�have�he righ���o hold�he policies and renewals. �f Lend��r requires,Bflrrovver shall promptly give�o
<br /> Lender aIl re�ceip�s�f paid premiums and renetiv���notices. In�he even�of�oss, Borrower shall giv�pro�rapt n��ice
<br /> ta the insurance�arrier and I�en�er.Lend�r may:make pro�f�f I�ss if mo�made prompt�y by�orroWer.
<br /> Unless Lend�r and Borra�vtr�.r otherwise agree ��a writing, insuran�e praceeds sha�� be app�ied to res�ora�ian or
<br /> repa�r of�he Prope�-ty dama,�ed, if, in Lender's �ole discretion, the res��ration or repair �s ��onomicail�� feasible
<br /> and Lender's securi�r is na� �essened. If, in Lenc�er's so�� discre�ion, �he restaration ar repair is not economical��r
<br /> feasib�e or L�nder's�ecurity wauld be�essened,�he insuranc�pro�eeds sha�I be applied t��he sums sec�red by�his
<br /> Se�u.�i�y �nstrument, tivh��h�,r or not the�. due, vvith an� excess paid ta B�rroWer. If B�rrovver abandans �he
<br /> Praperty, or does na�answer w�t�air��k�e number�af�ays pres�rib�d�y Applica�le Law as se�farth in a nat�ce from
<br /> L�nder�o Barrovver that�h� insurance carr�er has offere��❑ sett�e a claim, then Lender may col�ect�he i.nsurance
<br /> proceeds. Le��der may use t��e proceeds t� repair or res�ore the Propert�y ar�� pay su.ms secured by�his Secur��ty
<br /> �nstrument,u�hether ar nflt�h.en due.The period c�f time for�orrower�:o ansvver as se�fox�h in the natice u�ill beg�n
<br /> when th�no�ice is given.
<br /> Un�ess Lend�r and Borr�tiv���otherw�se agree in writing, any appl�cat�on of proceeds to principa� shall n�t extend
<br /> or p�s�p�ne th� due da�e�f�rh�payrnents due ur��er the �ontract��� change the amount of�h�paymen�s. Yf under
<br /> �he sec�ian�i��ed Ac�ei�ratiun; Remedie�, the F`r�perty is a�quire�L�y Lend�r, Borrou�er's right to any�nsurance
<br /> policies and pr��eeds resul�i:ng from dam.age �o the Praper�prior ta the acquisi�ian shall pass to Lend.er ta the
<br /> extent of th��ums secured b���his Secu.rity Ins�ru�ment irnm�dia�ely prif�r to the acquisztifln.
<br /> PrQservatia�, TVlainten�.nc�; �nd Prate��i�n ��f �he Properfi�; �BorrQwer's Loan Applica�i�n; Le�.seh�ld�.
<br /> Barr�v�rer sha.11 not destr�y, c�amage or im.pair th+�Proper�y, alloW�h�Property tfl de�eriora�e, or comrx�it waste on
<br /> �he Property. Borrovver sha��be in defaul�if any�arfei�r�ac�ion or pr�ceeding,whether civi�or crirnina�,�s begt�.n.
<br /> tha� in Lender's gaod faith j�,�dgm�nt could resu�� in forf�iture �f the Praper� or flthe�-wzse materially irx�pair�he
<br /> l�ex� crea�ed by this Securifi�r Instrument or Le��der's se�urzty �n�erest. BorrQv�rer may cure such a de�:ault and
<br /> reins�a�e, as pravided�n section ti��ed Bn�-rowerTs R�ght tv Re�n�tatt�, by causing�he ac�ion or praceeding to be
<br /> d�smissed w�th a rul�n.g that, in Lender's goad fail.h determinatior�,prec�udes forfeiture of�ie B orrower's interest�n
<br /> �he Praperty ar other ma�er:ial impairmen� of t��e lien crea�ed b� �h:is Securi�.y �ns�rumen� �r Lender's se�urrty
<br /> znteres�.Borr�ovver s�all a1s��be�n default�f Borrt�wer,during th�loan applica�ian process,gave ma�eriall��false ar
<br /> inaccura�e �n:farma��on o� s�;��ement� �o Lender �or failed t� provide Lender vvith any material �nfa�-ma�ion} i�x�
<br /> connect�on wi�h �he loan ev��3enced by the Contract. If th.is �ecurity�:ns�rum�nt is on a lea�ehald, Barra��ver shal�
<br /> comply w�th a�l the pro�isiar�s�f�he lease. If Bo�rrovver aG�u�res fee ti�Ie�o the Praperty,the leasehold an�d�he fee
<br /> ti�le sha�l not merge unless L+�nder agrees�o�he n�erger in�,rrzting.
<br /> Protection of Lender�s R��;hts in the Proper��, �f Bor.�o�ver fai�s �� perform the cflvena.n�s and agreements
<br /> con�a�ned�n�his �ecurzty In��trument, ar there is a�ega�prac�ed�ng that may signif can�ly aff�c�Lender's r�gh�s in
<br /> �he Praperty {such as a pra�eeding in bankrupt�y, proba�e, �ar �ondemnation or farfeiture o�- �o enf�rce laws or
<br /> regulations}, then Lender m,�y do and pay far �vtrha�ever is necessar�y �4 pra�ect the value �f the Property and
<br /> Lender's rights in the Property. Lender'�actions r.nay incl�de paying ar�y sums secured by a�ien�rhich ha�prior�ty
<br /> over�h�s�ecurit�r�ns�rument, a.ppeaxing in court,paying rea.s�nable at��rneys'fees and enterir�g on the Pr+�perty to
<br /> make repa�rs.Alt�.ough L�nder ma�r take actzon u.nder this sect�on,Lender does nat have�fl do sa.
<br /> Any amoun�s disbursed by I�ender under this section sha�� bec�m� a�ddi��onal debt of Borro,v�rer secured by this
<br /> Securil.y �ns�rumemt. Unless Barrower and Lent�er agree ta o�her terms of payment, these amaun�s s��all bear
<br /> C�20fl�-2�1 S Cam�Iiance Systerr�s,�n�.618A-ED94-2415.12.3.1.111 S
<br /> Consumer Real Estate-Sec�rity Instrument DL.'.43b Page 2 af 5 www,campliancesystems.cQm
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