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<br /> Applicable Law. As used �n �his Securi� �ns�rument, �he �erm "Applicable Law" sha�l mean all con�r�ilin�
<br /> app�ical�le federa�, sta�te and local statu�es, re�ulations, ordinances and adminxs�rative ru�es and orders �that have
<br /> the effec�of law}as well as aIl applicab�e fnal,non�appealabl�jud�cia��pinions.
<br /> Charge5; Lxens. B�rrovver shal� pay a�l taxes, assessmen�s, char�es, f�nes and impos��ions at�ribu�able to the
<br /> Property �vhich m�ay attain prxority o�er�his Secur�ty Ins��-umen�, and leasehald payments or�r�und rents, if any.
<br /> A��he request of Lender, Borravver shaI�promptly furnish to Lender receipts e�idenc�n��he paymen�s.
<br /> B�rrawer shall pramp��y d�schar�� any l�en which has prior�ty over�his Securi�y Instru�nen� uniess B�arrawer: �a�
<br /> a�rees i.n w�-itin� �� the payment �f�h� obli�ation secured by the lien in a manner acceptable to Lender; (b}
<br /> can�ests �n �oad fai�h the �ien by, ar defends a�ainst enforcemen� of�he 1 ien �n, le�a� proceed in�s wh ich in �he
<br /> Lender's opinion op�ra�e t� pre�ent the enforcement af the Iien; ar (c3 secures from �he h�lder of the lien an
<br /> a�reemen� satisfa�tary to Lender subordinatin�the �ien to �his Security I nstrument. �f Len�der de��rm ir�es that any
<br /> par� of the Prtiperry is subject �o a �ien which may at�ain prinri�y a�er this Security Instrument, Lender m�ay ���e
<br /> Sorrawer a notice �dentify�n�the lie�. B�rrower shall sa�isf�the �ien ar take one ar mare of the ac��ons se� f�rth
<br /> abo�e vv�thin 1 D days of�he��v�ng af no��ce.
<br /> Hazard ar Property Insurance. Borr�wer sha�l keep the improvements now ex�s�in�or hereaf�er erected on the
<br /> Praperty insured agaznst loss by f re, ha�ards inc�uded wvi�hin the term "ex�ended co�era�e" and an�other hazards,
<br /> xnc�udin� floads ar flood�ng, far which Lender requ�res insurance. This insurance shal� be ma�ntained in the
<br /> amounts and far the periads t�.at Lender requires. The �nsurance car�ier providin�the xnsurance sha�l be chasen by
<br /> Borrower subject �o Lender's appro�ai wh�ch sha�� na� b� unreaso�ab�y vvi�hheld. �f Borrower fails to ma�ntain
<br /> coverage described above, Lender may, at Lender's aption, ob�a�n cavera�e �� pro�ect Lender's ri�hts in the
<br /> Prope�-�y in accordance w�th sec�ion�trtied Prot�ction of Lender's Rights in the Property.
<br /> AI� xnsurance po��c�es and renewais shal� be accep�able �o Lender and sha�l inc�ude a standard �r�ort�age �Iause.
<br /> Lender shall ha�e the ri�ht ta hoid th�pal�c�es and renewa�s. �f Lender requ�res; Borrovver shal� pram.ptly �iWe�o
<br /> Lender al� receipfis of paxd premiums and renewal n�txc�s. In the event of loss, Barrower shall �i�e prompt natice
<br /> to the�nsurance carrier and Lender. Lender may make proof af loss if na�made prompt�y by Bor�avver.
<br /> Un�ess Lender and I3arrovver o�herw�se a�ree in vvrit�n�, �nsurance proceeds sha�l be appl�ed to restoration or
<br /> repa�r of the Property dama�ed, if, in Lender's sa�e discretion, �he restaration �r repa�r is econa�nica�ly feasible
<br /> and Lender's securi�y is not less�ned. If, in Lender's so�e discretion, the �es�oration nr repair is na� e�onom�caI�y
<br /> feasible or Lender's securi�ty wouid be lessened,the insurance proceeds sha�l be a,pp�ied ta�he sums secured by this
<br /> Se�uri�ly �nstrument, vvhether or not then due, with any excess pa�d �� Borrawer. If B�rrower abandons the
<br /> Property, ar does no�answer w�thin�he number of days pr�s�ribed hy Ap�l�cab�e Law as set for�h in a n�tice from
<br /> Lender ta Borr�wer�hat�he insuran�e carr�er has nffered�o set�le a�laim, then Lende�r may collect the insurance
<br /> pracee�.s. Lend�r may use the proceeds �o �epair or res��re �he Property ar ta pay sums secured by th is Security
<br /> �ns�rument,whether or no�then due. The period of time for Barrower to ansv�er as set far�h in the notice wi�l be��n
<br /> when the n�tice is���en.
<br /> Un�ess Lende�r and Borrower o�herw�se a�ree ir� vv�-�ting, any appiica�ion of proceeds to princ�pal shall nat extend
<br /> or pastpone �he due date af the paynlen�s du� under��e �ontract or change the amaunt af�he paymen�s. If under
<br /> �he section �itled Aceelera�ion; Remedies, the Praperry �s acquired by L�nder, Borrower's ri�ht to ar�y insu�rance
<br /> palxcXes and proceeds resultin� from dama�e to the Proper�y priflr ta th� acau�si�ion shali pass to L�nder t� the
<br /> exten�af�he sums secured by this Secu�zty Ins�ru�-nent immediate�y prior�a the a�quisiti�n.
<br /> Pr�ser�atian, Main�enan�e and Pro#ection of the Propert�; Borrower's Loan App�ication; �.��aseholds.
<br /> Borrower shall na�destroy, dama�� �r impa�r�he Property, allaw the Property�o de�eriorate, or•c�mxnit waste on
<br /> the Praperty. B�rrovver shall be in default if any farfeiture action or proceedin�,whether civ�l flr criminal, �s be�un
<br /> that ir� Lender's �o�d faith jud�rnent cou�d resul� in forfeiture of�he Proper�y ar ot�erwise ma�erial�y impair �he
<br /> Iien created by th�s Security �nstrument or Lender's security �nteres�. Borrower may cure su�h a defau�� and
<br /> reinstate, as provided in section ti�led Sorr�wer'S R�gh� �o Re�ns�ate, by caus�n�the ac�ion ar proceedin�to be
<br /> dxsmissed Wv�th a ru��ng that, in Lender's good faith det�r�mination,precludes forfeiture of�he Borrower�s in�eres�in
<br /> the Pr�perty or other materiai impairm�n� af the lien created by this Security Ins�rumen� or L��der's security
<br /> in�erest. Bor�ower shalI also be in default if Barr�wer,duririg the Ioan application pracess,ga�e materiaily false o�r
<br /> inaccurate information �r statements to Lender �ar failed ta prfl�ide Lender vv��h any material informatian� �n
<br /> conn�ction vvith�he i�an e�idenced by�he Contract. �f thzs Security Instrum�nt is on a leaseho�d, Borrow�r sha�l
<br /> camply with all�h�pro�isions of the lease. �f Borra�ver acquires fee tz�Xe�o�he Proper�y,the leaseho�d and the fee
<br /> tit�e sha11 no��nerge un�ess Lender a�rees to�he mer�er ir�wr�t�n�.
<br /> Protec�ion of Lender's Righ�s �n the Propert�. if Borr�w�r fai�s �o perform �he c�venan�s and a�reements
<br /> con�ained xn�his Secur�ty Ins�ru�.ent, or there �s a Ie�a�pro�eedin�that may si�nificant�y affe�� Lender's ri�h�s in
<br /> the Property �such as a proce�din� in bankrup�cy, prabate, for condemna��on or f�rfei�ure��r to enforce Iaws or
<br /> regula��ons}, then Lender ma� da and pay for whatev�r is necessary to pro�ect �he �alue �f�he Property and
<br /> Lender's ri�h�s �n the Property. Lender's ac��ons ma�inc�ude payin�any sums s�cured by a lien which has p�-i�ri�y
<br /> o�er th�s Securi�y �nstrumen�, appearin��n caur�,pa��n�reasonabie attorneys'fees and�nterin�on�he Prop�z-�y ta
<br /> mak�repa��rs.Althou�h Lender may take ac��on under�his sec�i�n, Lender daes no�ha�e to do so.
<br /> Any amaunts disburs�d by Lender under this sect�on shal� become additional debt of Borrower secur�d by �his
<br /> Security �nstrument. Un�ess Barrawer and Lender a�ree to �th�r terms af paymen�, th�se amounts sha�l bear
<br /> in�erest fr�m �he date af d�sbursemen� at the same rate ass�ssed on advances under the C�ntrac� and shal� �e
<br /> payab�e,w��h interes�, upon no�ice from Lender to Borr�wer re�ues��n�payment.
<br /> Q 2044-2D13 Compliaf�ce Systerns,Inc.8EB3-G58�-?�13L?.O.E I.71 Z
<br /> Conss�mer Real Estate-Se�urity Instrt�rr�ent DL�a3G Pa�e 2 af 5 www.�om�liancesvst�ms.coni
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