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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 Property, allow the Property to deteriorate, or cornmit waste an
<br />the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil ar criminal, is begun
<br />that in Lender'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 actian or proceeding to be
<br />disrnissed with a ruling that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in
<br />the Property or other rnaterial impairnnent of the lien created by this Security Instrument ar 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 staternents to Lender (or failed to provide Lender with any material info�nnation) in
<br />connectian 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 Borrotir+er acquires fee title to the Properry, the leasehald 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, or there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condernnation or forfeiture or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to peotect the value of the Property and
<br />L.ender'S rights in the Property. Lender's actions may include paying any sums secured by a lien which has priarity
<br />over this Security Instxument, 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 so.
<br />Any arnounts disbursed by Lender under this section shall become additional debt of Barrower secured by this
<br />Security Instrurnent. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear
<br />interest fram the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender
<br />to Borrower requesting payment.
<br />Mortgage Insurance. If Lender required martgage insurance as a candition of making the loan secured by this
<br />Security Instrument, �orrower shall pay the premiums required ta maintain the mortgagc insurance in ef£ect. 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 prerniums required to obtain coverage substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrawer of the mortgage insurance previously in effect,
<br />from an alternate mortgage insurer approved by T,ender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to L.ender each znanth a sum equal to one-twelfth of the yearly rnortgage
<br />insurance premium beitig 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 requixed, 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, ar to provide a loss reserve,
<br />until the requiretnent far mortgage insurance ends in accordance with any written agreement between Borrower
<br />and Lender qr Applicable Law.
<br />Inspectian. Lender or its agent may make reasonable entries upon and inspectians 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 cont�ection with any
<br />candemnation 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 taking of the Property, the praceeds shall be applied ta the sums secured by this Security
<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 talcing is equal to or greater than
<br />the amount of the surns secured by this Security Instrument immediately before the taking, unless Borrower and
<br />Lender otherwise agree in writing, the suzns secured by this Security Instrument shall be reduced by the amount of
<br />the proceeds multiplied by the following fraction: (a) the total amount af the sums secured immediately before the
<br />taking, divided by (b) the fair market value of the Property 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 market value of the Property
<br />imrnediately before the takixig is less than the amaunt af the sums secured immediately before the taking, unless
<br />Borrower and I.,ender atherwise agree in writing or unless Applicable T,aw otherwise provides, the proceeds shall
<br />oe applied to the sums secur�d by this Securiry Instrunnent whether or nat the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrawer that ths condemnor offers to
<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 authorized to collect and apply the
<br />proceeds, at its option, either ta restoration or repair of the Property or to Che 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 payments Payment of Principal and Interest; Late Charges and Funds for
<br />Taxes and Insurance or change the amount of such payments.
<br />Borrower Not 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 Tnstrwnent 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 />� 2004-2009 Compliancc Systems, lnc. 002U-8FD1 - 2009.12368
<br />Consumcr Rcal Estate - Securiry lnstrument �L2036 Pege 3 oF6 www.compliancesystems.cam
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