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<br />Borrower a notice identifying the lien. Borrower shall satisfy the lien or talce one or more of the actions set forth
<br />above within 10 days of the giving of notioe.
<br />Hazard or Property Insnrance. Borrower sha11 keep the improvements now existing or hereafter erected on the
<br />Property insured aga.inst loss by fire, hazards included within the term "extended coverage" and any other hazards,
<br />including �loods or flooding, for which Lender requires insurance. This �n�,�ce shall be maintained in the
<br />amounts and for the periods that Lender requires. The insurance carrier providing the insutance shall be chosen by
<br />Borrower subject to Lender's approval which shall not be unreasonably withheld. If Bonower fails to maintain
<br />coverage descnbed above, Lender may, at Iznder'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 Property.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standazd mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to
<br />Lender all receipts of paid premiums and renewal notices. Tn the event of loss, Borrowex shall give prompt notice
<br />to the +++cs�*a*+ce carrier and Lender. Len@er may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Boaower 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 Lender's security is not
<br />lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the
<br />insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with
<br />any excess paid to Borrower. If Borrower abandons the Property, or does not answer within the number of days
<br />prescribed by Applicable Iaw as set forth in a notice from Lender to Borrower tht�t t�ie insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or
<br />restore the Properly or to pay sums secured by this Security Instrument, whether or not then due. The period of
<br />time for Honower to answer as set forth in the notice will begin when the notice is given.
<br />Unless Lender aad Borrower otherwise agree in writing, any applicatzon of proceeds to principal shall not extend
<br />or postpone the due date of the payments due under the Contract or change the amount of the payments. If under
<br />the section titled Acceleratlon; Remedies, the Property is acquired by Lender, Borrower's right to any insurance
<br />policies and proceeds resulting from damage 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, Ma�intenance and Protection of the Property; Borrower's Loan Application; Leaseholds.
<br />Bonower 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 oz proceeding, 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 />Iien created by this Security Instrument or Lender's security interest. Borrower may cure such a default and
<br />reinstate, as provided in section tifled Borrower's Right to Reinstate, by causing the action or proceeding to be
<br />dismissed with a niling 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. Borrower shall also be in default if Borrower, during th.e 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 Ioan 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 />Protect3on of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements
<br />contained in this Security Insl:vment, 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 I.ender 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 an.q sums secured by a lien which has priority
<br />over this Security Instrument, appearing in court, paying reasonable attomeys' fees and entering on the Property to
<br />make repairs. Although Lender may.take actiQn u�dex.this secrion,_Le�der does not,haye 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 payment, these amounts shall bear
<br />interest from the date of disbvrsement at the same rate assessed oa advances under the Contract and shall be
<br />payable, with interest, upon notice from Lender to Borrower requesting payment.
<br />Inspecl3on. Lender or its agent may maice reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower ttotice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />Condemnation. The proceeds of any award or claim for damages, dir+ect or consequential, in coanection with any
<br />condemnation or other talcing of any part of 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 taiting of the Property, the proceeds shall be applied to the sums aecured by this Security
<br />Instavment, whether or not then due, with any excess paid to Borrower. In the event of a partial taldng of the
<br />Property in which the fa.ir market value of the Property immediately before the taking is equal to or greater than
<br />the amouat 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 Inst�ument shall be reduced by the amount of
<br />the proceeds multiplied by the followixig fraction: (a) the total amount of the sums sacured immediatety before the
<br />taking, divided by (b) the fair market value of the Property immediately before the talting. Any balance shall be
<br />paid to Borrower. In the event of a partial taking of the Property in wluch the fair market value of the Property
<br />immediately before the taking is lesa than the amount of the su.ms secured immediately before the taking, unless
<br />� 2004-2010 Complience Systema, Inc. EEfIB-CA82 - 2010.03378
<br />Convumer Real Estete - Secu�ity I�tument DL2036 Pege 2 of5 �., �
<br />comp' cesystems.com
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