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<br />Unless Lender and Barrower ptherwise agree in writing, any application of proceeds to principal sha11 not extend
<br />or postpone the due date of the payments referred to in the sectioris titled Payment of Principal and �nterest;
<br />Late Charges and Fands for Taxes and Insurance or change the amount of the payments. If und�r the sectian
<br />titled Acceleration; Remedies, the Property is acquired by Lender, Sorrower's right to any insurance policies and
<br />proceeds resulting from damage to the Properiy prior to the acquisition shall pass to Lender to the extent of the
<br />sums secured by this Security Instnunent immediately prior to the acquisition.
<br />Preservation, MaIntenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />Sanower shall not destroy, damage or impair the Property, allow the Property to deteriorate, or cotnmit 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 farfeiture 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 Relnstate, by causing the action or proceeding to be
<br />dismissed with a ruling that, in Lender's good faith deternunation, precludes forfeiture of the Borrower's interest in
<br />the Property ar other material impairment of the lien created by this Security Instrument 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 material informatian) in
<br />connection with the loan evidenced by the Note. If this Securi.ty Instrurnent is on a leasehold, Borrower shall
<br />comply with all the provisions of the lease. Tf Borrower acquires fee title to the Proparty, 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 Sorrower fails to perform the covenants and agreements
<br />contained in this Security Tnstrument, or there is a legal proceeding that may significar.tly affect I.ender's rights in
<br />the Properiy (such as a proceeding in bankruptcy, probate, for condemnation 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 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 />aver tlus Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Praperty to
<br />make repairs. Although I.ender may take action under this section, Lender does not have to do so.
<br />Any amounts disbursed by I.ender under this section shall become additional debt of $orrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other teirns of payrnent, these amounts shall bear
<br />interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender
<br />to Borrower requesting payrnent.
<br />Mortgage Insurance. If Lender required mortgage insurance as a condition of �naking the loan secured by this
<br />Security Instrutnent, Borrower shall pay the premiums required to maintain 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 substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower of the rnortgage insurance previously in effect,
<br />from 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 sum equal to one-twelfth of the yearly mortgage
<br />insurance premium b�ing paid by Borrower when the insurance coverage lapsed or ceased to be in effect. I.ender
<br />will accept, use and retain these payments as a loss reserve in lieu of nnortgage insurance. Lass reserve payments
<br />may no longer be 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 becom�s available and is obtained.
<br />Borrower shall pay the premiums required to maintain martgage insuraa�ce in efFect, or to provide a loss reserve,
<br />until the requirement for mortgage insurance ends in accordance with any written agreement between Borrower
<br />and Lender or Applicable Law.
<br />Inspecdon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the time of or prior ta an inspection specifying reasonable cause for the inspection.
<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condernnation or other taking of any part of the Property, ar for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lendar.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the �vent of a partial taking of the
<br />Property in which the fair market value of the Property irnrnediately before the taking is equal ta or greater than
<br />the amount of the sums secured by this Security Instrument unmediately before the taking, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount 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 Praperty immediately 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 maa'ket value of the Property
<br />iznmediately before the taking is less than the amount of the sums secured immediately before the taking, unless
<br />$orrower and Lender othervvise 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 not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />rnake 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 restoratian or repair of the Property ar ta the surns secured by this Security
<br />Instrument, whether or not then due.
<br />� 2004-2009 CompGance Systems, Inc. 002D-68A5 - 2009.12368 �
<br />Consumer Real Esfate - Security Ins[nunert UL.2036 Page 3 pf 6 www.compliancesystems.com
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