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<br />Preservation, Maintenance and Protection of the Property; Borrawer's Loan Application; Leaseholds.
<br />Borrower shall not d�stxoy, damage or impair the Property, allow the Property ta dateriarate, or commit waste on
<br />the Property, Borrowar ahall be 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 forfeiture of the Property or otherwise materially impair the
<br />lien created by this Security Instrument or Lender's security interest. Borrowsr may cure such a default and
<br />reinstate, as provided in sectian titlsd 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 tlus Security Instrument ar Lender's security
<br />interest. Borrower shall also be in default if Borrower, during the loan application process, gave matsrially false or
<br />inaccurate information or statements to Lendar (or failed to provide Lender with any material information) in
<br />connectian with the loan evidenced by the Note. If this Security Instrurncnt 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 nvt merge unless Lender agrees to the merger in vvriting.
<br />Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrurnent, or there is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceedin� in banl:ruptcy, probate, for candemnation nr farfeiture or to enforce laws or
<br />regulations), then Lender may do and pay for vvhatever is necessary to protect the value of the Properry and
<br />Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority
<br />pver this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property ta
<br />make repairs. Although Lender may take action under this section, Lender does not have to do sa.
<br />Any amounts disbursed by Lender und�r this section shall become additional debt af Borrower secured by this
<br />8ecurity Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear
<br />interest from the date af 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 mortgage insurance as a condition of making the loan secured by this
<br />Security Instrument, Bonower shall pay the premiums required to nnaintain the mortgage insurance in effect. If, for
<br />any reason, the mortgage insurance coverage raquired by Lender lapses or ceases to be in effect, Borrower shall
<br />pay the premiums required to abtain coverage substantially equivalent to the mortgage insurance previously in
<br />effect, at a cost substantially equivalent to the cost to Borrower af the mortgage insurance previously in effect,
<br />fram an alternate mort�a�e insurer approved by Lender. If substantially equivalent mortgage insurance coverage is
<br />not available, Borrower shall pay to Lender each month a sum equal to one-twelfth of the yearly rnortgage
<br />insurance prernium being paid by $orrower when the insurance coverage lapsed or ceased ta be in effect. Lender
<br />will accept, use and retain these payments as a loss reserve in lieu oF mortgage insurance. Loss reserve payrnents
<br />may no longer be requixed, at the option of Lender, iF rnortgage insurance coverage (in the arnount and for the
<br />periad 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 martgage insurance in effect, or to provide a loss reserve,
<br />until the requirement £or mortgage insurance ends in accordance with any written agreernent between Borrower
<br />and Lender or Applicabls Law.
<br />Inspection. Lender oi' its agent may make reasonable entries upon and inspections o£ the Property. Lender shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause far the inspection.
<br />Candemnation. Tha procaeds oF any award or claim for darnages, direct or consequential, in connection with any
<br />condemnation or other taking of any part af the Property, or for conveyance in lieu of condernnation, are hereby
<br />assigned and shall be paid to Lender.
<br />Tn the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instru�nent, whether or not then due, with any excess paid to Borrower. In the event of a partial takinb af the
<br />Property in which the fair market value of the Property immediately before the taking 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 othenvise agree in writing, the sums secured by this Security Instrurnent shall be raduced 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 rnarket 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 />immediately before the taking is less than the amount of the sums secured immediately befare the taking, unless
<br />Borrower and Lender otherwise agree in writing or unless Applicable �aw otherwise provides, the proceeds shall
<br />be applisd to the sums secured by this Security Instrurnent whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after natice by Lender to Borrower that the candemnor offers ta
<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 />praceeds, at its aption, either to restoration or repair of the Property ar to the sums secured by this Security
<br />Tnstnux�ent, whether or not then due.
<br />Unless Lender and 8orrower otherwise agree in writing, any applicaCion 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 Nat Released; Forbearance By Lender Not a Waiver. Extensian of the time for payment or
<br />modification of amortization af the sums secured by this Security Instrument granted by Lender to any successpr in
<br />interest of Sorrower shall not operate to release the liability of the original $orrower or Borrower's successors in
<br />� 2004-2009 Complisnce Systcros, Inc. 002�-948F - 200).12368
<br />Consumer Real �stele - Seeurity Insaument DI,2036 Page 3 af 6 www.eumpliancesysteme.com
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