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<br />Preservation, Maintensnce and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />Borrawer shall not destroy, damage or impair the Property, allow the Properiy to deteriarate, or commit waste on
<br />the Property. Barrower sba116e in default if any forfeiture action or praceeding, whether civil or criminal, is begun
<br />that in Lender's good faith judgment could result in for£eiture 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 determination, precludes forfeiture of the Borrower's interest in
<br />the Property or other material impairment of the lien created by this Security Instrument or Lender's security
<br />interest. Barrower shall also be in default if Borrower, during the loan application process, gave rnaterially false or
<br />inaccurate information or atatements ta Lender (or failed to provide Lender with any matsrial infartnation) in
<br />connection with the laan evidenced by the Note. If this Security Instrument is on a leasehold, Borrower 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 unleas L,ander agrees to the merger in writing.
<br />Protection of Lender's Rights in the Property. If Borrower fails to perform the covezxants and agreements
<br />contained in this Secu.rity Instrument, or there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in banlcruptcy, 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 />over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to
<br />make repairs. Althaugh Lender may take action under this section, Lender does not have ta do sa.
<br />Any amounts disbursed by Lender under this section shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrowez' and Lender agree to other tarms of pay�ment, these amounts shall bear
<br />interest from the date of disbursement at the Nate rate and shall be payable, with interest, upan notice from Lender
<br />ta Borrower requesting payment.
<br />Mortgage Insuranee. If Lender requ'ired mortgage insurance as a condition of making the loan secuz'ed by this
<br />Security Instrument, Borrower shall pay the premiums required to maintain the martgage 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 r�quired to obtain coverage substantially equivalent to the xnortgage 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 alternate mortgage insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each rnanth a sum equal ta one-twelfth of the yearly mortgage
<br />insurance premium being paid by Barrower 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 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 />$orrower shall pay the premiums required to maintain mortgage insurance in affect, or to provide a loss reserve,
<br />until tha requirement for mortgage insurance ends in accordance with any written agreement between Borrawer
<br />and Lender or Applicable Law.
<br />Inspection. Lender or its agent rnay make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the time of ar prior to an inspection specifying reasonable cause for the inspection.
<br />Condemnation. The proceeds of any award or claim for damages, direct or consequential, in cannection with any
<br />condemnation or other talcing of any part af the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Tnstrument, whether or not then due, with any excess paid to Borrower. In the event of a partial Caking of the
<br />Pxoperty in which the faix market value of the Property immediately before the talcing is equal to or greater than
<br />the amount of the sums secured by this Security Instrument immediately before the taking, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be raduced by the amount of
<br />the proceeds multiplied by the followir►g fraction: (a) the tatal amount of the sums secured immediately before the
<br />taking, divided by (b) the fair market value of the Property immediately befare the takin$. 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 />immediately hefare the taking is less than the amount of the sums secured imrnediately before the taking, unless
<br />Borrower and I�ender otherwise agree in writitig 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 dus.
<br />If the Properiy is abandoned by Borrawer, or if, after notice by Lend�r to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Sorrower fails to respond to �,ender within the rninimum number of
<br />days established by Applicable Law after the date the natice is given, Lender is autharized to collect and apply the
<br />proceeds, at its option, either to restoration or repaix of the Property or to the 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 payrnents Payment of Principal and Interest; Late Charges and Funds for
<br />Taxes and Insurance or changa tt�e amount of such payments.
<br />Borrower Not Released; Forbearance By Lender Not a Waiver. Extensian of the tune 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 aperate to release the liability of the origitial $orrower or Barrower's successors in
<br />� 2004-2009 Compliance Syscems, Inc. 002D-975C - 2009.12368
<br />Consumer Real Estate - Security Instrument AL2036 Page 3 ofb www.campliancesystems.eom
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