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<br />Preservation, Maiutenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />Borrawer shall nat 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 I,ender's good faith judgment could result in forfeiture of the Property or atherwise materially impair the
<br />lien created by this Security Instrument or I.ender's security interest. Borrower may cure such a default and
<br />reanstate, as provided in section titled Barrower's Right to Reinstate, by causing the action or praceeding to be
<br />dismissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in
<br />the Property or other material impairment of the lien created by this 5ecurity Tnstrurnent or Lender's security
<br />interest. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or
<br />inaccurate information or statements to Lender (or failed to provide Lender with any rnaterial information) in
<br />connection with the loan evidenced by the Note. If this Security Instrument is on a leasehold, Borrower shall
<br />comply with all the provisions of the lease. If Borrawer acquires fee title to the Property, the leasehold and the fee
<br />title shall not merge unless Lender agrees to the merger in writing.
<br />Protection of Lender's Rights in the Property. If Borrawsr fails to perform the covenants and agreements
<br />contained in this Security Instniment, or there is a legal proceeding that may signi�cantly affect I,ender's rights in
<br />the Property (such as a proceeding in bankniptcy, probate, for condemnation ar forfeiture or to enforce laws or
<br />regulations), then Lender rnay do and pay for whatever is necessary to protect the value of the Property and
<br />Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority
<br />over this Security InstnYment, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Although Lender may take action under this section, Lender does not have to do sa.
<br />Any amounts disbursed by L.ender under this section shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payrnent, these amounts shall bear
<br />interest from the date of disbursernent at the Note rate and shall be payable, wzth interest, upon notice frorn Lender
<br />to Borrower requesting paytnent.
<br />Mortg�ge Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br />Security Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for
<br />any reason, the xnortgage insurance coverage required by I.ender lapses or ceases to be in effect, Borrower shall
<br />pay the premiums required to obtain coverage substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,
<br />from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />nat available, Borrower shall pay to Lender each month a sum equal to ane-twelfth of the yearly mortgage
<br />insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to be in effect. Lender
<br />will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments
<br />may no longer be required, at the option of Lender, if mortgage insurance coverage (in tlne amount and for the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br />Barrower shall pay the premiums required to nnaintain rnortgage insurance in effect, or to provide a loss reserve,
<br />until the requirement for moRgage insurance ends in accordance with any written agreement between Sorrower
<br />and Lender ar Applicable Law.
<br />Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the tnne of or prior to an inspection specifyiz�g reasonable cause for the inspection.
<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Praperty, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Secu.rity
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the
<br />Property in which the fair market value of the Property immediately before the taking is equal to or greater than.
<br />the amount of the sums secur�sd by this 5ecuriry Insaument immediately before the taking, unless Borrower and
<br />L,ender otherwise agree in writing, the surns secured by this Security Instnunent shall be reduced by the amount of
<br />the proceeds multiplied by the follvwing fraction: (a) the total amount of the sums secured 'unmediately before the
<br />taking, divided by (b) the fair market value of the Praperty immediately befare the taking. Any balance shall be
<br />paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Property
<br />immediately before the taking is less than the amount af the sums secured immediately before the taking, unless
<br />Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise pravides, tha proceeds shall
<br />be applied to the sums secured by this $ecurity Instrument whether or not the sums are then due.
<br />If the Praperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to I...ender within the minimum number of
<br />days established by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the
<br />proceeds, at its option, either to restoration or repair of the Property �r t� the sums secured by this Security
<br />Instrument, whether or not then due.
<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 payznents P�yment of Principal and Interest; L�te Charges and Funds for
<br />Taxes and Insurance or change the amount of such payments.
<br />Sorrower Not Released; Forbearance Sy Lender Not a Waiver. Extensian of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in
<br />�i 2004-2009 Compliance Systems, Inc. 002D-AAH6 - 2009.12368
<br />Consumer Real Esta[e - Security Instrummt DL2036 Page 3 of 6 www.compliancesystems.com
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