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<br />c�ffered to settle a claim, then Lender may collect the insurance proceeds. Lender may use thc proceeds to rep�►ir or
<br />restore the Praperty or to pay sun�s secured by this Security I��Gtnunenl, wl�ether or not then due. 'I'he period of
<br />timc� for Horrower to answer as set forth in the notice will begin when the notice iG given.
<br />Unless Lender and [3on�ower otherwise a�rcc in writing, aziy applicativn of procccds to princip�tl s1�a.11 iiot extend
<br />or postpone ttie due d�te of the payments referred to in the sectiorzs titled Payment oF P�•incipt�l and I�aterest;
<br />Late Cliarges and Tuncis inr "1't�xes aiad Insurance or change the �xnounk of ttie payments. If w�der the sectiox�
<br />titled Acceleration; Remedies, the F'roperty is acquired by Lendc�r, I3orrower's rigl�t to any insurance policieti and
<br />proceeds resulting fi•ox�a d�rnage Ca the Property prior to tt�e acquisilian shall pass to Lender to the extei�t of tlie
<br />sut�as secured by Chis Security Instrun�eut immediately prior to the acquisitioi�.
<br />Preservation, Maintenauce flr�d l'rotectio�a of the Pi•operty; Borrower's I.,oa�a Application; LeASehnlds.
<br />Borrower shall z�ot destroy, ciamage or impair the Properly, allow the Property to deteriorate, or commit wasCe vn
<br />the Pz�operty. Borrower shall be in default if a��y forfeiture action or proceedir�g, wl�ether civil or criminal, is he�;un
<br />ttial in Lender's good faitl� judgment cpuld result in forfeiture of tlie Praperty or c�lherwi5e materially iia�pair lhe
<br />lien created by this Sec�irity InStrument or l�ez�der's security interest. l3orrower n�ay cure sucli a delault and
<br />reinstate, as provided in section titled Bi►rrower's [Zight to Reinstnte, by causing the action or �?roceeding La be
<br />ciismissed with a ruliiig that, it� L ender's govd f�ith deterrninatina�, preclucies farfeiture of the Borrower's interest in
<br />the Propecty or other material imp��irment c>f the liezi created by lhis Securily Inslrument or Lender's security
<br />ineerest. Borrower shall also be in default if Borrow�r, during the loan applicatior� process, g�ve n�aterially ialsc or
<br />inaccurate inioranation cir statements to Lender (or failed to prc�vide I.etade.r witl� a��y material information) in
<br />coruiection with the loan evidenced by tlie Note. If this 5ecurity Instrument is on a leasehold, Borrower shzll
<br />comE�ly with all t}�e provisior�s al�the lease. IfBorrower acquires fee title to the Prnperty, the leasel�old and the £ee
<br />title shall not merge unless Lender agrees to the merger iz� writing.
<br />Protection of Lender's Ri�hts iu the Propert,y. If F3orrower fails to perforni the coveiiants and agreementti
<br />contained in this Security Instrument, or lhere is a legal proceeding that may significantly �ffect l�ezzder's rights iti
<br />the Property (sucli as a proceeding in batikruptcy, probate, fi�r condemnation or li7rfeiture or to enf��rce laws or
<br />regul��tions) then Lender may do and pay for whatever is neceGSZry Co protect the valt.�e o1� the Property �nd
<br />Lender's riglits in lhe Property: Lender's acticros may include paying a�iy sun�s secured by a IieT� wl�icl� has priority
<br />over tt�is Security Iiistrutnent, appearing in courl, paying reasonable attorneys' fees and entering on the I'roperty to
<br />make re�airs. Althougl� I.ender may take actioT� under tliis section, Lender does not h�ve to do so.
<br />Any ar�iouz�ts disbursed by Lender under this section shall become additional debt of Borrower securecl by this
<br />Security Instrument. Unless I3orrower and Lender agree to other terrns of payment, these an�ounts sl�all be�r
<br />interest frona tlie date of disburseznent at the Note rate and shall be payable, with interest, upon nolice from Lender
<br />to Borrower requesling payineiit.
<br />Mortgage l.nsurance. If Lender required niortgage insurance as a condition of niaking lhe loau secured by this
<br />Security instrument, 13orrower shall pay the premivans a•equired to �i�air�tain tl�e n�ortga�e i►isurance iz� effect. I.f, for
<br />any reasori, the mortgage insurance coverage reyuired by Lender lapses or ccases to be in eilect, Borrower shall
<br />pay the premiums required to obtain covera�e substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to tlie cost to Borrower of Clie rnartgage irisurance previously in effect,
<br />from an alternate mortg�ge insurer approvea by Leiider. If substanlially eyuivaleiit mortgage iiasurance coverage is
<br />not available, Barrawer shall pay to Lender each Ill(71]CIl a sum eyual 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 �nd retain thcs� payments as a]c�ss re�erve in lieu of mortgage insurance. Loss reserve payments
<br />inay no longer be reyuired, ac tlie optio�l of I_,et�der, if t��origa.ge insur�tnce ccrverage (in the amount and for the
<br />period tl�at i.ender requires) providcd by an insurer appr��ved by Lencler again becon�es ayail�ble and i� obtaiiied.
<br />F3orrower slial] pay the �remiums required to maimain mort�a�e insurance in effect, or to provide a]osG re�erve,
<br />until the reyuirement for mortgage insurance ends in accordance witli ar�y writte�� �gz�eerraent between I3orrower
<br />and I,et�der or Applicable Law.
<br />lnspection. Lender or itti agent m�y make reasonable entries upon and inspections of tk�e Property. Lender sl�all
<br />give Borrower notice at the titne oF or prior to aii inspection specifyiz�g r•easonable cause for lhc intipcction.
<br />Condenntatio�x. "Tl�e pr��ce;ecls of any award or claim for damages, direct or coz��equential, in ccnniectic�n with any
<br />conde►nnation ar other taking of az�y pa.rt of the Yroperty, or for cc�nvcyaiice iu lieu of condemnation, are herehy
<br />assigned axad slaall be paid to Lender.
<br />ln the event. of a total takin� o{' the Property, lhe proceeds sl�al.l Ue �pplied to the s�ims aecured by this Security
<br />Instnixnent, whether or not then due, with ar�y excess paid to l3orrower. In tlie eveiit of � partial tlking of the
<br />ProperCy in which the fair market value ol' the Property immediately before the takin� is equal to or greater t}ian
<br />the amount of the sum5 secured by this Security .I�astnii�aent immediately before the takixig, unless L3orrower and
<br />Lender otlierwise agree in writing, the sums secured by t}�is Security Instrument sl�all be reduced by the amoiuit of
<br />the proceeds multiplied by the following li (a) the total amount of the sums secured iznrr�ediately hefore the
<br />takin�, divided by (b) tlie fair market value of the Pro�erty immediately befoa�e the takin�. Any balarice 51�11] k�e
<br />paid to Barrawer. In the evea�t of a partial taking of tlie Property i�� which thc i:air niarket v�lue of the F'roperty
<br />i�unediately before thc; taking is less than tl�e amowit of the sums secured inunediatcly heli�re the t�king, unle5s
<br />F3orrower and Leiider ot}�ecwise agree in writing or unless Applicable l,aw otherwise provides, the prnceeds shall
<br />be applied to the sums secured by this Security lnstru►necit w}�ether or not tlie suins are tk�e�� due.
<br />If the Property is abandoned by Borrower, or if, after notice by Letider to 13orrower that the condemuor offers tc�
<br />make an award ar settle a claim for dam�ges, Borrower fails to reapond to Lender within the niinimum number of
<br />�i9lUU4-2U10 C'ompliance Systems. Inc F.EU�-91�A2 - 2U 10.(.11.17R .. .
<br />Conyumrr RrtJ 1•:state - Security Instrwnent OI �03fi Pagc � nf! � �� �� ���.cnnyiliancesystcros.com
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