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<br />Unless Lender and Borrower otherwise agree in writing, at�y application of proceeds to principal shall not extend
<br />or postpone the due date of the payxzients referred to in the sections titled Payment of Principal and Interest;
<br />Late Charges and Funds for Taxes and Insurance or change the amou.nt of the payments. If under the section
<br />titled Acceleration; Remedies, the Property is acquired by I,ender, Borrower's right to any insurance policies and
<br />proceeds resultiz�g from damage to the Property priar to the acquisition shall pass to Lender to the extent of the
<br />sums secured by this Security Instrument irnrnediately priar to the acquisition.
<br />Preservation, M�intenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />Barrower 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 aiay 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 ar otherwise materially impair the
<br />lien created by this Security Instrument or I,ender's security interest. Borrower may cure such a default and
<br />reinstate, as pravided in section titled Borrower's Right to Reinstate, by causing the action or proceeding to be
<br />disrnissed with a ruling that, in Lender's gaad faith determination, precludes forfeiture of the Borrower's interest in
<br />the Properiy 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 Sorrower, during the loan application process, gave materially false or
<br />inaccurate information or statements to Lender (or failed to provide Lender with any material information) in
<br />connection with the loan evidenced by the Note. If this Security Instrument is on a leasehold, Bonower shall
<br />comply with all the provisions of the lease. 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 tha covenants and agreements
<br />contained in this Security Instrument, ar there is a legal proceeding that may significantly afFect Lender's rights in
<br />the Property (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. L.ender's actians may include paying any sums secured by a lien which has priority
<br />over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Although Lender may talce action under this section, I..ender 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 Instrument. Unless Borrower and I,ender agree to other terms of payment, these amounts shall bear
<br />interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice fram Lender
<br />to Borrawer requesting payrnent.
<br />Mortgage Insurance. If I,ender required mortgage insurance as a condition of making the loan secured by this
<br />Security Instnunent, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for
<br />any reason, the mortgage 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 rnortgage insurance previously izz effect,
<br />from an alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mortgage
<br />insuxance premium being paid by Borrower when the insurance coverage lapsed or ceased ta be in effect. Lender
<br />will accept, use and retain these payments as a loss reservs in lieu of mortgage insurance. Loss reserve payments
<br />may na longer be requ�ired, at the optian af I.ender, if martgage insurance coverage (in the arnount and for the
<br />period that Lender requires) provided by an insurer approved by Lender again becomes available and is obtained.
<br />Sorrower shall pay the premiwns required to maintain mortgage insurance in effect, or to provide a loss reserve,
<br />until the requirement for mortgage insurance ends in accordanca 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 Borrower notice at the time of or prior to 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 />condemnation or other taking af any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In th� event of a tatal taking af the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrurnent, 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 ihe Property immediately before the taking is equal to or greater than
<br />the amount of the sums secured by this Security Instrument nnmediately before the taking, unless Borrower and
<br />Lender otherwise agree in vvriting, the surns secured by this Security Instrument shall be reduced by the amount of
<br />the proceeds multiplied by the following fractian: (a) the total amount of the sums secured immediately before thc
<br />taking, divided by (b) the fair market value o£ the Praperty immediately before the talcing. Any balance shall be
<br />paid to Borrower. In the event af 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 of the sums secured 'unmediately before the taking, unless
<br />Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall
<br />be applied to the sums secured by this Sscurity Instrument vvhether 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 affers tv
<br />make an award or settle a claim for damages, Borrower £ails to respond to Lender within the xninimum 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 or to the sums secured by this Security
<br />Instrument, whether or not then due.
<br />� 2004-2009 Complisnce Systems, Inc. 002D-8908 - 2009.12368 '
<br />Conaumer Real Eatale - Sxurity Inaltumari DL2036 Page 3 oF6 www.complisnccsystams.com
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