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, .. . .... � 2o�.00ss�i
<br />Preservatiou, 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 commit waste on
<br />the Property. Borrower shall be in default if any forfeiture action or proceeding, whether civil or crimnial, is begun
<br />that in L,ender's good faith judgrnent could result in forFeiture of the Property or otherwise materially irnpair the
<br />lien created by this Security Instrunnent 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 deternunation, precludes forfeituxe of the Borrower's interest in
<br />the Property or other material impaurnent of the lien created by this Security Instrument or Lender's security
<br />interest. Borrower shall also be in default if Borrower, during tha 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 Instiument is on a leasehold, Borrower shall
<br />cornply with all the provisions af the lease. If Borrower acquixes fee title to the Property, the leasehold and the fee
<br />title shall not merge unless Lender agrees to the rnerger in writing.
<br />Protection of Lender's Rights In the Property. If Borrower fails to perform the covanants and agreements
<br />cantained in this Security Instiument, ar there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in banlauptcy, prabate, for condemnation or forfeituxe or to enforce laws or
<br />regulations), then L,ender may da and pay for whatever is necessary to pmtect the value of the Property and
<br />I..ender's rights in the Property. Lender's actions may include paying any sums sscured by a lien which has priority
<br />over this Security Instnunent, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Although Lender may take action under this sectian, I,ender does not have to do so.
<br />Any amounts disbursed by I.ender under this section shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payrnent, these am4u1]ts 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 Borrower requesting payment.
<br />Mortgage Insurance. If L,ender required martgage insurance as a conditian of making the loan secured by this
<br />Security Instrument, Borrower shall pay the premiums required ta 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 premiu.ms requixed to obtain coverage substantially equivalent to the mortgagc insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower of the mortgage insurance previously in effect,
<br />from an altemate martgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each rnonth a sum 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 payments as a loss reserve in lieu of mortgage insurance. Loss reserve payments
<br />may no longer be required, at the option of I.,ender, 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 />until the requirement for mortgage insurance ends in accordance with any written agreement between Borrovver
<br />and Lender or Applicable Law.
<br />Inspeetion. Lender or its agent may make reasonable entries upon and inspections of the Property. I,ender shall
<br />give Borrower natice at thc time of or prior to an inspection specifying reasonable cause for the inspection.
<br />CondemnaHon. The proceeds of any award or clairn for damages, direct or consequential, in connection with any
<br />condemnation 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 �,ender.
<br />In the event af 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 event of a partial taking of the
<br />Property in which the fair market value of the Property nnmediately before the taking is equal to or greater than
<br />the amount of the sums secured by this Security Instivment 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 amount of
<br />the proceeds multiplied by the Following fraction: (a) the total amaunt of the sums secured immediately before the
<br />taking, divided by (b}-the fair �-1�ei va�e o€ the Froperty immediately before the taking, Any� baianoe siiali be
<br />paid to Borrower. In the event of a partial talting 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 immediately 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 5ecuriry Instntment whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notace by Lender to Sorrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrawer fails to respond to I.ender within the minirnum number of
<br />days established by Applicable Law after the date the notice is given, Lender is sutharized to collect and apply the
<br />proceeds, at its option, either to restoration or repair of the Property or to the sums secursd by this Security
<br />Instrument, whether or not then due.
<br />Unless Lender and Borrower othervvise agree in writing, any application of proceeds to principal shall not extand
<br />or postpone the due date of the payments Payment of Princtpal 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. Bxtension of the time for payment or
<br />modification of amortization of the sums secured by this 5ecurity Instrument granted by Lender to any succesaor in
<br />interest of Borrawer shall not operate to release the liability of the original Borrower or Barrower's successors in
<br />� 2004-2009 Compliance Syatems, Inc. 002D-992D - 2009.12368
<br />Consumer Rnl Estate - Security Ins[rwnent 6L2036 Page 3 oF6 www.campliancesystems.co�n
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