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<br />Borrower a notice identifying the lian. Borrower shall satisfy the lien or take one or more of the actions set forth
<br />above within 10 days of the giving of notice.
<br />Hazard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />Property insured against loss by �ra, hazards included within the term "extended coverage" and any other hazards,
<br />including floods or flooding, for which Lender requires insurance. This insurance shall be maintained in the
<br />amounts and £ar the periods that Lender r�quires. The insurance carrier providing the insurance shall be chosen by
<br />Boxrower subject to Lender's approval which shall not be unreasonably withheld. If Borrower fails to maintain
<br />coverage described above, I.ender may, at Lender's option, obtain coverage to protect Lender's rights in the
<br />Property in accordance with section titled Protection of Lender's Rights In the Praperty.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and re�newals. If Lender requires, Borrower shall promptly give to
<br />Lender all receipts of paid premiums and renewal notices. In t}t,e event of loss, Banrower shall give prompt natice
<br />to the insurance carrier and Lender. Lender may xnake proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or
<br />repair of the Property damaged, if the restoration or repair is economically feasible and T.,ender's security is not
<br />lessened. If the arestoration or repair is nat economically feasible or Lender's security would bs lessened, the
<br />insurance proceeds shall be applied to the sums secured by this Sacurity Instrument, whether or not then due, with
<br />any excess paid to Borrower. If Borxower abandons the Property, or does not answer within the number of days
<br />prescribed by Applicable L,aw as set forth in a notice from Lender to Borrower that the insurance carrier has
<br />offered to settle a claim, then I,ender may collect the insurance proceeds. I.ender may use the proceeds ta repair or
<br />restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The period of
<br />time for Borrower to answer as set forth in the nvtice will begin when the notice is given.
<br />Unless Lender and Borrower otherw�ise agree in writing, any application of proceeds to principal shall not extend
<br />or postpone the due date of the payments due under the Contract ar change the amount of the payments. If under
<br />the section titled Acceler�tion; Remedies, the Property is acquired by Lender, Borrower's right to any insurance
<br />policies and proceeds resulting from dama�e to the Property prior to the acquisition shall pass to Lender to the
<br />extent of the sums secured by this Security Instrument immediately prior to the acquisition.
<br />Preservation, Maintenance and Pratecdon of the Property; Borrower's Loan Application; Leaseholds.
<br />Borrower shall not destroy, damage or impair the Property, allow the Properiy to deteriorata, or commit waste on
<br />the Property. Borrower shall be in default if any forfeiture action or proceading, whether civil or cruninal, 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. Barrower may cuare such a default and
<br />reinstate, as provided in section titlad Borrower's Right to Reinstate, by causing the action or proceeding to be
<br />dismissed with a ruling that, in L,ender's good faith determinatian, precludes foz�eiture of the Sorrower's interest in
<br />the Property 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 Borrower, during the loan application process, gave tn�aterially false or
<br />inaccurate information or statements to Y,ender (or failed to pravide Lender with any znaterial information) in
<br />connection with the loan evidenced by the Contract. 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 unless Lender agrees to the merger in writing.
<br />Protection of Lender's Rights In the Property. If Borrower fails to perform the cove:nants and agreennents
<br />contained in this Security Instniment, 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 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 Froperty. I.ender's actions may include payiang any sums secured by a lien which has priority
<br />over this Security Instrument, appearing in court, paying reasonable attarneys' fees and entering on the Froperty to
<br />make repairs. Although Lender may take action under this section, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this section ahall becorne additional debt of Barrower secured by this
<br />Security Instrument. Unless Borrower and Lender agrea to other terct�s of payment, these amounts shall bear
<br />interest from the date of disbursement at tk�e same rate assessed on advances undcr the Cantract and shall be
<br />payable, with interest, upon notice from Lender to Borrower requesting payment.
<br />InspecHon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Sorrower notice at the titne of or prior to an inspection specifying reasonable cause for the inspection.
<br />Condemn�tion. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Froperty, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total caking 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 af the
<br />Property in which the fair r�narket value of the Property unmediately before the taking is equal to or greater than
<br />the amount of the sums secured by this 5ecurity Instrument imxnediately before the taking, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Sectu'ity Instrument shall be reduced by the amount of
<br />the proceeds multiplied by the following fraction: (a) the total amount of 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 Botrower. In the event of a partial taking of the Property in which the fair naarket value of the Property
<br />immediately before the taking is less than the amount of the sums secured immediately befare thc taking, unless
<br />cY7 2004-2010 Complianee Systems, Inc. EEOB-2E79 - 2010.03.378
<br />Consumtt Real Estate - Security Instrvment DL2036 Ppge 2 of 5 www.eomplianceaystema.com
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