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� ����.�� � 201047'74�
<br />Preservation, Mainte�aance and Prutection of the Property; Sorrower's Lnfln Application; Leaseholds.
<br />Borrower shall not destroy, damage or i�npair tlie Prpperty, allow the Prc>perty to deteriorate, or commit waste on
<br />khe Prc�perty. F3orrower shall be in default i£ any forfeiture action or proceeding, whelher civil or criminal, is begu»
<br />that in Lender's good faith judgment could result in forfeiture of the Pro�erty or ot}�erwise materially impair the
<br />lien created by this Security It�strument ar I,ender's security interest. Borrower may cure such a ciefault and
<br />reinstate, as provided in section titled Borrower's Ri�ht to Reinstate, by causing tlte action or �roceeding to be
<br />dismissed with a ruling that, in Lender's good £aith deter�nination, precludes forfeiture of the I3orrower's interest in
<br />the Property or other material irnpainnent of the lien created by this Security Instrument or Lender's security
<br />interest. Bc�rrower shall also be in default iF Borrower, during the loar� application prc7cess, gave materially false or
<br />inaccurate iziformation or statements to Lender (or ('ailed to provide Lender witt� any material inforxnaCion) in
<br />connection with tlie loan evidenced by the Note. If this Security InsCrument is o�i a leasehold, Borrower sliall
<br />comply with all rhe provisions of lhe lease. if Borrower acquires fee title to t)�e Yroperty, the leaseliold and the f'ce
<br />tille shall not merge unles5 Lender agreas to the inerger in writing.
<br />Yrotection of Lender's Rights in the Property. lf Borrower fails to perforni the covenants and agreen�ents
<br />contai��ed in this Security Instrument, or there is a legal proceeding that may signi�c�antly alfect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condemzzation or forf'eiture or to enforce laws or
<br />re�ulations), then Lender rnay do and �ay for whaCever is necessary to protect tlie value aP the Property and
<br />l,ender's ri�hts it� the Property. Lender's actions may include payin� any sums secured by a lien which ha5 priority
<br />over this Security in5trument, appearing in court, paying reasonable attorneys' fees and enterin� on the Property to
<br />make repairs. Although Lender may take action under t}�is sectian, Lender does not have to do so,
<br />Any amounts disbursed by Lender under this section shall become additional debt of Borrower secured by this
<br />Security instnimenl. Unless I3orrower and Lender agree to c�ther terms of payment, these amounts shall bear
<br />interest from the date of disbursement at the Noke rate and shall be payable, with interest, i.►pon notice frotn I�ender
<br />to Borrower requesting paymez�t.
<br />Mortgage lnsurance. If Lender required mortgage insurance as a condition of making the loaxi secured by this
<br />Security instruznent, Borrower shall pay the premiums required to maintain the mortgage insurance in effecC. It; f�>r
<br />any reason, the mortgage insurance coverage required by Lender lapses or ceases lo be izi effect, Borrpwer shall
<br />pay the premiums reyuired to obtain coverage substantially equivalent to tlie mortgage insurance previously in
<br />effect, at a cost substantially equivalent to t}�e cost to Borrower of the mortgage insura��ce previously in effect,
<br />from an aJternate mort�age in5urer approved by Lender. lf substantially equivalent nnortgage insurauce coverage is
<br />not available, Bormwer shall pay to Lender each month a sum equal to one-twelfth of the yearly mort�;a�e
<br />insurance premium heing paid by Borrower when tlie insurance caverage ]apsed or ceased to be in effect. Lender
<br />will accept, use and retain these payznents as a loss reserve in lieu o£ mortga�e insuran.ce. Loss reserve plyznei�ts
<br />rnay no longer be required, at the option of I.,ex�.der, if mort�age insurance coverage (in t}ae amotuil �nd ii�r the
<br />period that Lender requires) provided by an insurer approved by Lender again becozizes available and is obtained.
<br />Borrower shall pay the premiums required to maintain mortgage uisurance in eftect, or to provide a lc�ss re:±erve,
<br />until the requireznent fc>r mcirtga�e insurance ends in accordance wilh any written agreement between E3orrower
<br />and Lender or Applicable Law.
<br />Inspection. Lender or its agent may make reasonable entries upon and inspectic�ns of t.k�e 1'roperty. Lender shall
<br />give Borrower notice at the tinie of or prior to an inspection specifying reasonlble cause for the inspectioc�.
<br />Condemnation. T}�e proceeds of any award or clairn for damage5, direct or consequential, in connection with any
<br />condemnation or oth�r taking of any part of t�ie Prc�perty, or for conveyance in lieu of cozide�uiaCion, are hereby
<br />assigned and shall be paid to Lender.
<br />In tl�e event of a total taking of tt�e ProperCy, the proceeds shall be applied to the sums secured by this Security
<br />Instnunent, wl�ether or not th�n due, witl� any excess paid to Borrower. In t�ie evenC of a partial takixag of tlie
<br />F'roperly in which the fair market value of the Property ixn�iediately before the takin� is equal to or greater than
<br />the a��ount of the sum� secured by thia S�cu�ity li�stru�xient iuu.nediately befors.:Ilie .taku�g,-ui�less Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security ]nstrument shall be reduced by the a►nount of
<br />the proceeds rtiultiplied by the following fractiozi: (a) the total amount c�f the sums secured iztzinediately befi�re the
<br />taking, divided by (b) the fair market value af the Propecty immediately before the taking. Any bala��ce staall be
<br />paid to Borrower. ln the event of a partial taking of the Property in which the fair market value oi� the Property
<br />immediately before the taking is legs than lhe amnunt of tl�e surns secured irtunediately before lhe taking, unless
<br />Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provideti, the pmceeds sl�all
<br />be applied tc� the sums secured by this Security Instrument whether or z�ot the Gums are then due.
<br />lf the ProperCy is abandoned by F3orcower, or if after notice by Lender to Borrawer that the condemnor offers to
<br />make an award or settle a claim for damages, Bc�rrower fai1G to respond to I,er�der witl�in tl�e n�inimum number ai'
<br />days established by Applicakile l,aw after tlie date the notice is given, Lender is authorized to cc�llect and apply the
<br />praceeds, at its option, either to restoration or repair of the Property ar to t1�e surns secured by this Security
<br />lnstrument, whether or not then due.
<br />Unless Lender and Borrower oCherwise agree in writ'tng, any application of proceeds to principal shall not extend
<br />or postpone the due date of tlie payments PAyment of Principal �tnd Interest; I.ate Char�es ar�d Fu�ids for
<br />Taxes and InsurAnce or change the amount c7f such paymezits.
<br />Borrower Not Released; Forbearance Ay Lender Not a Waiver. �xtension of the titne for payrneiat �r
<br />r�zodifcation of amortizalion 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 liabi]ity of the original F3orrower or .Borrower's succe�sors in.
<br />Q9 2004-2009 Cnmpliance Sy�stems, Inc. 002U-86'UC - 2009.123Cft
<br />Consumn� Rczl Estatc - Sccurity Instrumcnt UL2D7(i Page 3 nf! www.comk�liancesystcros.com
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