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<br /> App�xcab�e Law. A.� us�d in �his Securi�y Ins�rument, the �erm "Applicable Lavv" sha�l mean all contro�lin�
<br /> app�xcab�e federa�, state and Ifl�al s�a�u�es, re�ulat�ons, ordinance� and admxnzstratxv� rules and order� �tha� ha�e
<br /> the effec�of Iavv�as vveli as a�l appl�cable f�nal,non-ap�eaiable�ud�cia�opinions.
<br /> Charges; L�enS. Borrower sha�l pay alI taxes, assessments, char�es, f��.es and ��m�osi��ons attributable to the
<br /> Praper�y vvhich may at�ain priority nver this S��urity Instrument, and leasehald payments or�round rents, if any.
<br /> A��he request of Len��.er, Borrawer sha��promptly furnish ta Lender rece�p�s e�idencin��he�aymen�s.
<br /> Borrower shall promp�iy discharg� any lien vvhich has priflrity over�his Security Instrument unless Barrower: �a}
<br /> a�rees in wri��ng to �he payment �f�he abiigation secured by the ��en in a manner accep�ab�e �a Lender; �b�
<br /> contests in ��od fai�ll the I�en �y, ar defends a�ai.ns� enfarcemen� af the ��en in, �e�a1 proceedin�s which in the
<br /> Lend�r's apxn�on �p��ra�e �o pre�ent the enforcenlen�t of the lien; �r �c} secures fr�m t�e holde�r flf the ��en an
<br /> agreement sat�sfa�toxy t� Lender subord�.nat�n�the �ier��o�his Security Instrument. �f Lender determines that any
<br /> par��f�he Pr�pert�y ��s sub�e�t t� a ��en wh�ch may at�ain priarity o��r this Secur�ty �ns�rumen�, Lender may �i�e '
<br /> Barrawer a no�ice identifying�he iien. Borrower shall satisfy th� Iien or take ane or mor� of the actions set forth
<br /> abo�e within �.�da�s of the���xn�of no�ice.
<br /> Ha�ard or Property In�uran�e. Borrower shail keep �he impro�emen�s now e�ist�n�ar hereaft�r erec�ed on �he
<br /> Prnperty�nsured agai:nst�oss by fire,hazards i�cluded v��thin the�erm "extended caWera�e" and any ath�r ha�ards,
<br /> �nc�udi.n� floads ar f�ood�nb, for vvhrch Lender requires insuranc�. This insurance sha�l be maYntained zn �he
<br /> amounts and for�he per�ods�hat Lender requires. The�insuranc�carr�er praviding the insurance sha�l be chosen by
<br /> Borrower subject to L�nder's approval vvhich shal� not be unreas�nab�y w��hheld. If Borrowe� fai�s to ma�n�ain
<br /> covera�e descrxbed abo�e, Lender may, at Lender's option, obtain co��ra�e �o pra�ect Lender's ri�hts in the
<br /> Property in accordan�Le wi�h sec�ian t���ed P�-otec�ion of Lender's Righ�s�n the Property.
<br /> A�I �nsuran�e policies and renewals shall b� acceptabie to Lender and sha�� �n��ude a standard mor��a�e clause.
<br /> Lender shall have th�,r��h�ta h�ld�he p�licies and renewais. if Lender requ�res, Barrower shal� pr��np�ly �ive�o
<br /> Lender a�l receipts a�E paid premiums and renewal notices. In�h� e�er�t of�oss, B�rrower shall �i�e prompt natice
<br /> to the�nsurance carr�er and Lender.Lender may make proof�f�oss�f n��made prorr�pt�y by Bor�row�r.
<br /> []nless Lenc�er and �3�rrower otherwise a�ree in writin�, ir�surance pro�eeds sha�l be applied �o res�ora��on or �
<br /> repair of th� Praperty da�ma�ed, if, in Lend�r's sole d�scretxon, �he rest�ration ar repa�r is ecanamically feas�ble
<br /> and Le�.der's securit�� is na� less�ned. if, �r� �ender's s�le discr�tion, �he res�oration or repa�r is no� ecanomically
<br /> feasib�e�r Lender's security wfluld be lessened,the insurance proceeds shall be app�ied t���e sums secured by this
<br /> Secur�ty �ns�rument, vvhether or na� �hen due, wi�h any e�cess pa�d to Bnrrower. If Borrower abandons the
<br /> Pr�perty, or does not answer vvithin�he number of days prescribed by Appiicable Law as se�fflrth in a notice from
<br /> Lender to B�rrow�r�that the insurance carr�er has offered ta set�le a c�a�m, �hen Lender�nay collect the insurance
<br /> proceeds. Lender may use �he pro�eeds �o repazr �r res�ore the Praper�y �r�a pay sums secured by �his Security
<br /> �nstrumen�,whether c�r nat�hen due.The period of t�m� for Borrower to answer as se�for�h in�he notice wil� be�in
<br /> v�hen�he notic�is�i}�en.
<br /> Unless Lender and B�orrower a�hervvise agree in wr�tinb, any applica�ior�of pr�ceeds�o pr�nc�pal shall not exter�d
<br /> or pastpone the due �ate of�he paymen�s due under�he C�ntract or change�h� amoun�of the payments. If u.nder
<br /> the sectxan t�tied Acc.elerat�on; Remedies, the Prop�r�y is a�qu�red by Lender, Bnrrower's ri�h�to any insurance
<br /> po��cies and proceeds resul�ing from dama�e �o the Property prior to the acquisition shall pass to Lender t� the
<br /> �x�ent of the sums se�uured by�his S�curity Ins�rumen�i_mmediat��y pr�or to�he acquis�tion.
<br /> Preser�atian, Maintenance and Pra�ection af �he Proper�y; Borrower's Loan App��cat�an; Leaseha�ds.
<br /> Barrower sha�l not destroy, dama�e or impazr�he Proper�y, a11aw the Property to deter�ora�e, or co�nmit vvaste fln
<br /> �h�Proper�y. Borrow�er sha�l be in default if an�forfe��ur�action or praceedin�,whether c�vi�ar cr�m�na�, is be�un
<br /> tha� �n Lender`s �ood fai�h jud�men� could result in farfei�ure of the Prope�-�y or �therwise mate�ial�y ��npair the
<br /> ��en created b� �h�s Security Instrument or Lender's security interest. Borrawer may cure such a default and
<br /> reinstate, as pr�videt� in sec�xon t���ed Borrawer's R�ght to Re�nstate, by causinb the action or proce�din��o be
<br /> dismissed with a rulvlg that, �n Lender's boad faith det�rm�na��on,precludes forfeiture�f the Barrawer's in�eres�in
<br /> the Property or other ma�eria� impa�rment of�he lien created by th�s Security Instrume�t or Lend�r's securi�y
<br /> �n�erest. Borrower sha��also be in defau�t if Borr�vver,dur�n�th� l�an app��ca�ion pracess,�a�e materia�ly fa�se or
<br /> �naccurate infarmation or s�a��men�s ta Lender �or faxled �a pra�ide Lender with any mater�a� infor�nation� i.n
<br /> �onnecti�n with the 1.flan e�idenced by�he Cantrac�. If th�s Security Zns�rument is on a Ieasehold, Borrovver shal�
<br /> canlply v�i�h al��he pro�isions�f�he �ease. �f Borrawer acquires fee ti��e ta the Prop�rty,the ieasehoid and the fee
<br /> title sha�i not mer�e��nless Lender a�rees�o the mer�er iri writin�.
<br /> Protectior� of Lender's R�ghts �n the Pro�erty, �f Borrower fa�Is ta perfarm �he co�enants and a�reeznen�s
<br /> contazned in�his Security Ins�rumen�, �r there is a�ega� pro�eedin��ha�may si�n�f can��y affect Lender's ri�h�s in
<br /> the Pr�perty �such a�� a proceed�ng in bankruptcy, �robate, f�r condemnation or forfeiture or �fl enfarce laws �r
<br /> regu�ations�, then L��nder may do and pay f�r whate�ver �s nec�ssary to protect the �alue of�h� Property and
<br /> Lender's ri�hts in the Prapex�y. Lender's ac�ior�s may �nc�ude paying any sums se�ured by a�ien which has p�riori�y
<br /> a�er th�s Securi�y In�tx-umen�, appear�ng i.n�ourt,payzng reasonable at�arneys'fees and enterin�an�he Property�o
<br /> make repairs. Al�hou�h Lender may tak�ac��fln und�r th�s sec��on,Lender daes not have to da so.
<br /> Any amounts disbur.�ed by Lender under this se�tion shali be�ome additional debt of Borrower se�ur�d by this
<br /> Secur�ty instrum�nt. Unless Ba�-�rovver and Lender abree �o a�h�r �er�ns of payment, �h�se arnounts shalI �bear
<br /> int�rest from �he dat:e �f disbursement a� �he same ra�e assessed on advanc�s under the Cantract and shall be
<br /> payable,w��h int�rest:, up�n no�zce from Lender�o Borrawer re�uestin�payment.
<br /> �2��4-2�13 Cvmpliance Syste�ns,Inc.8EB3-20d6-2013L2.a.E1.7I2
<br /> �ons�sr►�er Real Estate-Security tnstrument DL2�36 Pa��2 of 5 www.compliancesystems.com
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