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<br />200708773
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<br />Funds for Taxes and Insurance; third, to intercst due; fourth, to principal due; and last, to any latc charges due
<br />wlder the Note.
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<br />. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or grolUld rents, if any.
<br />Borrower shall pay these obligations in the manner provided in section titled Funds for Taxes and Insurance, or
<br />ifnot paid in that manner, Borrower shall pay them on time directly to the person owed payment. At the request of
<br />Lender, Borrower shall promptly fiUllish to Lender receipt~ evidencing the payments.
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<br />Borrower shall promptly discharge any lien which has priority over this Security Instntment lUlless Borrower: (a)
<br />agrees in writing to the payment of tile obligation secured by the lien in a manner acceptable to Lendt-1'; (b)
<br />contests in good faith the lien by, or defends against enlorcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holdt,'f of the lien an
<br />ab'Teement satisfactory to Lender subordinating the lien to this Security Instntment. If Lender determines that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instntment, LendcT may give
<br />Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth
<br />above within 10 days ofthe giving of notice.
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<br />Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards,
<br />including floods or flooding, tor which Lender requires insurance. This insurance shall be maintained in the
<br />amOlUlts and tor the periods that Lender requires. The insurance carrier providing the insurance shall be chost-'ll by
<br />Borrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain
<br />coverage described above, Lender may, at Lender's option, obtain coverage to protect Lender's rights in the
<br />Property in accordance with section titled Protection of Lender's Rights in the Property.
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<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to
<br />Lender all receipt~ of paid premiums and renewal notices. In the event ofloss, Borrower shall give prompt notice
<br />to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
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<br />Unless Lender and Borrower otherwise ab'Tee in writing, insurance proceeds shall be applied to restoration or
<br />repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not
<br />lessened. If tile restoration or repair is not economically feasible or Lender's security would be lessened, the
<br />insurance proceeds shall be applied to the sums secured by tllis Security Instrument, whether or not then due, with
<br />any excess paid to Borrower. If Borrower abandons thc Property, or does not answer within the number of days
<br />prescribed by Applicable Law as set forth in a notice from Lender to Borrow(,1' that the insurancc carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or
<br />restore the Property or to pay sums secured by this Security Instntment, whether or not then due. The period of
<br />time tor Borrower to answer as set forth in the notice will begin when the notice is given.
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<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend
<br />or postpone the due date of the payments referred to in tile sections titled Payment of Principal and Interest;
<br />Late Charges ,Old Funds for Taxes and Insurance or change tile amount of tlle payments. If undt-'f the section
<br />titled Acceleration; Remedies, the Property is acquired by Lender, Borrower's right to any insurance policies and
<br />proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to thc extent of the
<br />smn~ secured by tIns Security InstflUllent immediately prior to the acquisition.
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<br />,Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />./ Borrower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or commit waste on
<br />the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun
<br />that in Lender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the
<br />lien created by tllis Security Instntment or Lender's security interest. Borrower may cure such a default and
<br />reinstate, as provided in section titled Borrower's Right to Reinstate, by causing the action or proceeding to be
<br />dismissed with a ruling tIUlt, in Lender's good faith determination, precludes forfeiture ofthe Borrower's interest in
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<br />!~ 2004.2007 COPYJ'ight Compliance SY'tems.lnc. 8C9C-34C9 - 2007,01.201
<br />COlln1n1C1' Real E~t.at.e - Security I rntrumenl DI .2016
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