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��14�1577
<br /> Appl�ca��e Law. As used i.n th�s Security �nstrunlent, the �erm "Appl��able Law" shall �n.ean a�I cor�tral�ing
<br /> appl�cah�e federa�, ��ate and l�cal statu�es, re�ula�ions, ord�nances and admznistratiWe rules and orders �that have
<br /> the effec�of law}as weil as al�applicab�e f�na�,nan-appealabie judicial opinians.
<br /> Charge�; Liens. B�rrower shall pay a�] tax�s, assess��nts, char�es, fnes and impositions attributable �fl �he
<br /> Proper�y vvhich ma� at�ain pr�arity aver th�s Security �nstrumer�t, and leasehold payments �r�r�und rents, �f any.
<br /> At the request of Lender, B�rrower shall pro�mptly furnish to Lender rece�p�s e�idenc�ng the payments.
<br /> Barrower sha��promp�iy d�schar�� any ��en which has prior�ty o�er�his Secur�t� �ns�rumen� unless B�rrower: �a}
<br /> a�rees in wrz��rng �o �he pay�ner�t of�he flb�i�a�ion secured by the �ien �n a manner accep�able �o Lender; �b}
<br /> contests i.n �o�d faith the lien by, �r defends a�ains� enforcement of the l�en in, �ebal proceedings ti�vhich in th�
<br /> Lender's op�nian �perate to prevent the er�fflrcement of the l��n; or �c3 secures from the hoider �f�he li�n an
<br /> a�re�ment sa��sfac�ary �o Lender subordina�zr��the �ie�to �his Securi�y Ins�rument. �f Lender de�ermines �hat any
<br /> par��f the Property is subject to a lien which may at�ain prior�ty over�h�s Security �nstrument, Lender may �i�e
<br /> Borrower a no�i�e iden��fyin��he l�en. Borrower shall satisfy the �ien or take one ar mare of the actions set for�h
<br /> abo�e wi�h�n �0 days af�he�i�in��f n�tice.
<br /> Hazard or Prapert� �n�urance. Borro�er shail keep the impro�emen�s now ex�s�in�or hereaf�er er��ted on the
<br /> Property �nsured a�aipst loss by f re, ha�ards included v�i�hin�he term "extended co��ra�e" and any other hazards,
<br /> inc�ud�ng fl�ods �r fiood�n�, f�r which Lender requires �nsuran�e. This insurance shail be ma�ntained in �he
<br /> amounts and for the per�ods that Lender requires. The insurance �arrier pro�id�n��he insurance sha�l be chosen by
<br /> Borrower subject to Lender's appro�al which shal� not be un�r�asonab�y �ithheld. If Borrower faiis to �nainta�n
<br /> �overa�e described abo�e, Lender nnay, at Lender's apt�on, obta�n co�et-a�e to protec� Lender's ri�hts in the
<br /> Proper�y in accordance w�th section ti�led Protec�xon of Lender's Rights�n �he Pr�per�y.
<br /> All insurance po�icies and renevva�s sha11 be a�ceptable to Lender and shaIl �nc Iude a standard mart�a�� �lause.
<br /> Lender shail ha�e the r��ht to hold th� palicies and ren�wals. If Lender requires, Borrower shall promp�ly��ve��
<br /> Lender a�l receipts �f pa�d premxums and �renewa� not�ces. In the e�en�of�oss, �orrower sha�l �i�e prompt notice
<br /> t�the insurance carrier and Lender.Lender may make proof�f�oss�f nat made pramptIy�y Borr�wer.
<br /> Unless Lender and Borrower flthervwise a�ree in wr�tin�, �nsurance p�oceeds sha�l be applied to r�s�ara��on or
<br /> repair of the Property damaged, if, in Lender's sole d�scretion, the restora�ion or repair is �cflnomical�y feasible
<br /> and Lender's securi�y is not lessened. If, in Lender's sa�e discretion, �he restora��an or repa�r is not ecflnomically
<br /> feasib�e or Lender's secur�ty would be lessened,the�nsuran�e pr�ceeds sha�l be a�plied�o�he sums secured by�his
<br /> Securi�y �nstrument, whether or no� �hen du�, w�th any �XC�55 pa�d �o Borrawer. If Bor�rower abandans �he
<br /> Property, or does not answer v��thin the number of da�s prescribed by Appli�able Law as set for�h �n a not�ce fr�m
<br /> Lender�o Borrawer tha��he insurance carr�er has offered to set��e a c�a�m, then Lender may coll�c�tl�e �nsurance
<br /> pro�eeds. Lender may use �he proceeds �� repair or restor� �he Praperty or to pay sums secured by �h�s Securi�y
<br /> �ns�rumen�,v�he�her�r not�hen due.The p�r�od of�ime for Borrnvver�o answer as set far�h in the notice will be�in
<br /> when the notice is�zWen. �
<br /> Unless Lender and Borrawer�therwise a�ree ��a wrx��ng, any appX�ca�ion of praceeds�o principal shaIl n�t ex�end
<br /> flr pos�pone�he due da�e of the paymen�s due under the Contrac�ar chan�e�he amoun� of the payments. �f und�r
<br /> the sec��on tYtled Accelera�ion; Remed�es, �he Property is acquired�by Lender, Borrower's r��ht to apy insurance
<br /> po�icies and pra�eeds resu�tin� fram dama�e ta the Pr�per� prior to �he acquisition sha�l pass �a L�nder to the
<br /> extent af the sums secured by�his Security �nst�ument�mmedxate�y priar ta�he acquisi��an.
<br /> Preserva�ion, Main�enanc� and Pr��e���on of the Proper��; 13�rrower's Loan App�ica��an; LeasQho�ds.
<br /> Barrawer shal�no�t destroy, dama�e or��npa�r�he Properfiy, a�tavv the Property�a deter�flra�e, flr commi�waste on
<br /> th�Proper�y. Borrower shal�b� in defau��if any f�rfe�ture a��zon ar pr�ceed�n�,whe�her ciW�� or crimi�aal, is be�un
<br /> that in Lender's g�od fa��h�udgment could re�ul� iza forfeiture of the Properry or ntherwise materza�l� impa��� the
<br /> l�en crea�ed by �his Se�uri�y I ns�rument or Lender's s�curi�y �nterest. Barrovver may cure such a default and
<br /> reins�ate, as provided in sectxon tit�ed Bo�-rower's R�ght �o Re�nsta�e, by caus�ng the act�on or proc�edin��o be
<br /> dismissed w��h a rul�nb that, in Lender's�aod faith determinatian,prec�ud�s forfeiture flf t�e Borrower's in�er�st in
<br /> �he Property or other �a�eria� �mpa��rmen� �f the lien created by �his Security Instrument or Lend�r's security
<br /> in�erest. Borrower sha�l also be zn d�faui� if Borrawer, durin�the loan applicati�n prflc�ss,�a�e mater�al�y false or
<br /> inaccurat� �nformation o� state�nents �o Lender �or fa�led �o provide Lender with any ma�eria� informa��on) in
<br /> connection wi�h �he loan e�idenced by the �ontiract. If this Securi�y �nstrument is on a leasehold, Borr�wer shal�
<br /> �omply vv�th a���he pro�iszons of the �ease. �f Borrower acquires fee ti�Ie�o the Property,the leasehol�and the fee
<br /> �i��e shal�not mer�e un�ess Lender a�rees�a��e mer�er in wri�in�.
<br /> Protectian Qf Lender'S Ri�h�s in the Property. If Borrower fails to perform �he co�enan�s and agree�nents
<br /> con�a�n�d in th�s Secur�ty �nstrumen�, or�here is a �egal pr�ceed�n�tha�may signif cant�y affect Lend�r's ri�hts in
<br /> �he Property �such as a proceedin� �n ban.kruptcy, proba�e, far candemna�i�n or f�rfe�ture �r to enf�rce �aws or
<br /> re�uiations�, then Lender may do and pay fo�r whate��r �s nec�ssary t� pro�ec� �he va�ue of the Property and
<br /> Lender's r��h�s in�he P�-oper�y. Lend�r's actions may include payxn�any sums secured b�a �ien which has priori�y
<br /> over thxs Security Instrument, appearing in cour�,payzng reasanab�e at�orneys'fees and en�erin�an�he Property to
<br /> make repairs.Alth�u�h Lend�r may�ake ac�ion under th�s sect�on, Lender does no�ha�e to da so.
<br /> Any amoun�s disbursed by Lender under ���s sect��n sha�l becorne addi�iona� debt of Borrov�er secu�ed by �his
<br /> Security Xnstrument. Unless B�rrower and Lender agree to o�her terms of payment, thes� an�ounts shali bear
<br /> in�erest from the da�e af disburse�ment at the same rate ass�ssed on ad�ances under the Contract and sha�l be
<br /> payabie,with znterest, upan n�tice fr�m Lender�o Borrov�er request�n�paymen�.
<br /> Q 20a4-24]3 Cvsnpiiance 5ystems,Inc.�EB3-ODF]-2�I 3 L2.a.E�.7 t 2
<br /> Cansumer R�at Estate-Sec�rity Instrurnent D�.?43G Pa�e 2 af S www.coF���lian�esystecr�s.ca�
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