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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 ]'roperty, allow the Property to deteriorate, or commit waste on
<br />the Property. Sorrower shall be in default if any forfeiture action or praceeding, whether civil or criminal, is begun
<br />that in L,ender's good faith judgment could result in forfeiture of the Property or otherwise materially impair the
<br />lien created by this Security Instrument 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 that, in Lender's good faith deteanmination, prscludes farfeiture of the Sorrower's interest in
<br />the Property or other material impairment of the lien created by this Security Instrument or Lender's security
<br />interest. Borrower shall also be in default if Sarrower, during the loan application process, gave materially false or
<br />inaccurate information or statements to I.cnder (or failed to provide Lender with amy material information) in
<br />connection with tlte loan evidenced by the Note. If this Security Instrument is on a leasehold, Borrower shall
<br />comply with all the provisions of the l�ase. If Borrower 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 Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument, vr there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condetnnation or forfeiture or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Praperty and
<br />Lender's rights in the Property. Lender's actions may include paying any sunns secured by a lien which has priority
<br />over this Security Instrutnent, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Although Lender may take action under this section, J_.ender doas not have to do so.
<br />Any amrnmts disbursed �y Lender under this sha�l becomc additional debt �af Barrawer secured by this
<br />Security Instrument. Unless Borrower and Lender agree ta other tertns of payment, these amounts shall bear
<br />interest from the date of disbursement at the Notc rate and shall be payable, with interest, upon notice fram I,ender
<br />to Borrower requesting payment.
<br />Mortg�ge Insurance. If Lender required mortgage insurance as a conditian of making the loan secured by this
<br />Security Instnunent, Borrower shall pay the premiurns required to tnaintain the mortgage insurance in effect. If, for
<br />any reason, the mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall
<br />pay the premiums required to obtain coverage substat�tially equivalent to tl�e mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,
<br />frorn an alternate mortgage insurer approved by Lender. If substantially equivalent martgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a stun equal to one-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 payrnents as a loss reserve in lieu of mortgage insurance. Loss reserve payments
<br />may no longer bc required, at the option of Lender, if mortgage insurance coverage (in the amount and for the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br />Borrower shall pay the premiums required to maintain mortgage insurance in effect, or to provide a loss reserve,
<br />ut�til the requirennent for mortgage insurance ends in accordance with any written agreement between Borrower
<br />and Lender or Applicable Law.
<br />Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Sartower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />Condemnation. The proceeds o£ any award or claim foar damages, direct or consequential, in connection with any
<br />condernnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total talcing of the Property, the proceeds shall be applied to the sums secured by this Security
<br />InsWment, 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 af the Property immediately before the taking is equal to or greater than
<br />the amount of the sums secured by this Security Instrument immediately before the taking, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the arnount of
<br />the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />taking, divided by (b) the fair market value of the Property irnmediately before 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 />irnmediately before the taking is less than the amount of the sums secured immediately before the taking, unless
<br />Borrower and Lender otheiwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall
<br />be applied to the sums secured by this Security Instrument whether or nat the sums axe tkaen due.
<br />If the Froperty is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers ta
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within the minimum number of
<br />days established by Applicable Law after the date the notice is given, Lender is autharized to collect and apply the
<br />proceeds, at its option, either to restoration ar repair of the Property ar ta the surns secured by this Security
<br />Instniment, whether ar not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applicatian af proceeds to principal shall not extend
<br />or postpone the due date of the payments Payment af Principal and Interest; Late Charges and Funds for
<br />Taxes and Insurance or change the amount of such payments.
<br />Borrower Nat Released; Forbearance By Lender Not a Waiver. Extension 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 />aa 2004-2009 Compliance Systems, lnc. 002D-366B - 2009.12.368
<br />Consumer Real Es[a[e - Securiry Instcument DL2036 Page 3 of 6 www.compliancesystcros.com
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