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��14�1�57
<br /> Applicable Law. As used in th�s Security Instrument, the �erm "Applicable Law" shall mean ail ca�tro�l�n�
<br /> applicable federa�, s�ate and loca� statutes, re�u�at�ons, o.rdinances and admzn�s�rat�r�e ru�es and orders �tha� ha�e
<br /> the effec��f ia�}as well as a�l appX�cab�e fzna�,non-appea�abl�jud��ia�op�n�ons.
<br /> �harges; Liens. ��rrovver shall pay a�1 tax�s, assessmen�s, char�es, fnes and �mpositi�ns attr�butab�e to the
<br /> Property which may a�tain priar��y ��er this Secur�ty Instrument, and leasehold pay�nen�s or�round r�n�s, �f any.
<br /> At the reques�of Lender, Borrower shall promp�ly furnish ta Lender receipts e�idencYn��he payments.
<br /> Barrov�er shall pramp�Iy dischar�e any Iien which has prior�ty o�er th�s Se�uri�y �nstrumen�uniess B�rrower: �a�
<br /> agrees in wrxtxng to the paymen� af the obl��a��an s�cured by �he l�en in a mann�r accep�able �o L��.d�r; �b}
<br /> contests in �ood faith �he �ren by, or defends a�ainst enforcement of�he lien in, �e�al proceedin�s v�hz�h in �he
<br /> Lender's opini�n aperate t� pre�ent the enforcemen� of the �ien; or �c} secures from �he holder flf the �ien an
<br /> agree�nent satisfac�ory�o Lende� subflrdina�in��he 1�en to th�s Se�uri�y �nstrument. �f Lender deter�nines �hat any
<br /> par� af the Property �s subject to a Iien which may at�ain priority o�er this Secur�ty Instrumen�, L.ender may �i�e
<br /> Borrov�er a notxce �d�ntify�n��he �ier�. Sorrawer shall sa�isfy the lien ar take �ne or more �f the actions set for�h
<br /> above vvithin 1�days nf the��v�n�of natxce.
<br /> Ha�ard �r Praperty �nsurance. Borrower shall keep the �mp�o�ements now exxstxn� o�r hereafter erect�d an the
<br /> Prflperty insur�d a�a�nst��ss by f�re,hazards �ncluded�vi�hin the term "extended co�era�e" and any oth�r ha�ards,
<br /> �nclud�n� �.oads ar f�o�d�n�, for which Lender requires �nsurance. Thxs insuraric� shaI1 be maintain�d �n �he
<br /> anr�ounts and for�he per�ods that Lender reau�res. The �nsurance carr�er pro�idin�the insurance shal�be chosen by
<br /> Borrovver subj ect ta Lerider's approva� wh�ch shali no� be unreasonably withheld. �f Barro�ver fai ls to main�ain
<br /> coWera�e descr�bed aboWe, Lender may, a� Ler�d�r's np��an, obta�n co�era�e ta pratec� Lender's ri�hts in the
<br /> Property�n accordance�v�th secti�n�itled Pra��etxon of Lender's Rights in the Property.
<br /> A�� insurance polic�es and renewals shal� be accep�able �a L��der and shall include a s�andard mor��age clause.
<br /> L�ender shaXl have�he ri�ht�o hald the pol�c�es and rer�e�a�s. If Lender requires, Barrower shal� pra�r�pt�y ��ve to
<br /> Lender a�i receipts af paid premiums and renewal no��ces. In the e�ent of Ioss, �orrower shall give prompt natice
<br /> �o�he insurance carr�er and Le�der. Lender may mak.e proof�f�oss if not mad�promptly by Borrower.
<br /> Unless Lender and Borr�wer atherwise �,gree �n vvr�tin�, �nsurance proceeds sha�l be applied �o restarati�r� or
<br /> repazr of th� Properry dama�ed, if, in Lender's soi� d�scre�aon, the restora�ion ar repa�r is econom�cally feasible
<br /> and Lender's se�uri�y is n�t less�r�ed. If, �n Lender's sole discre�i�n, �he restoratian or repair is no� econflm�ca�ly
<br /> feas�b�e or Lender's security wou�d b�lessened,the insuran�e pra�eeds shall be app��ed to the sums se�ured by�his
<br /> Securi�y Instrumen�, whe�her ar na� then due, with any excess paid �a Barrower. �f Barrower abandons the
<br /> Prope�.y,�r does n��ansvver wi�h�n�he number of days pr�scribed by App�icab�e Law as se�forth �n a no�ice frorn
<br /> Lender�o Barrower�hat the insuran�e carr��r has offered to se�tle a claim, �hen Lender may coliect the insurance
<br /> pr�ceeds. Lender may use �th� praceeds �o repair or rest��-e �he Prop�rty ar to pay sums secured by �his Security
<br /> �xzstru�nent,whether or not th�n due.The period of time for Borr�wer�o answer as se�f�r�h in�he natice w��l be�in
<br /> when the na�ice is���en.
<br /> Unless Lender and Borrovver o�herwise a�re� �n �vri�in�, any application of pr�ceeds to principal sha�I n�� extend
<br /> or pastp�ne the due date of the paymen�s due under the Contrac� or chang� �he amount of�he paymen�s. If under
<br /> �he section titled Acceleration; Remed�es, the Propert� �s a�qu�red by Lender, Borrower's ri�ht�o any �nsurance
<br /> policies and proceeds resu�tin� fram dama�e �o the Proper�y prior to the acquis�tion shal� pass �a Lender ta �he
<br /> e�ten�of the sums secured by this Se�uri�y Instru�nent�.n�med�ately priar to the acquisi�ion. �
<br /> Pr�servation, Ma�nte�ance and Pratect�on af the Praperfi�; Borrawer's Loan Applic�tio�y �►eas�holds.
<br /> Bnrrovw�r shali no� des�roy, dama�e or impair the Pr�per�y, allow the Praperty�o deter�orate, ar�ammit waste on
<br /> the Property. B�rrawer shall be in defaul�if any fnrfexture action o�-proceedin�,�hether ci��l or criminal, �s be�un
<br /> tha� xn Lender's ��ad fai�h j ud�men� coul d resu�t xn forfeiture of the Praper� or o�herv��se �nater�a�ly i mpa�r the
<br /> lien created by �his Security Instru7men� or Lender's s�cu�ri�y interes�. Bflrrflvver may cure su�h a d�fau�� and
<br /> reinsta�e, as prti�zded in sec�ian t���ed Sarrower's Righ� �a R��nsta��, by�ausin�the actifln or proceed�n�to be
<br /> dismrssed w��h a ru�in�that, in Lender's�ood fait�determina���n,prec�udes farfei�ure af the Borrower's �nterest in
<br /> the Proper�y or other �na�eria� impazrment of the ��en cr�a�ed by this Secur�ty l�nstrumen� or Lender's securxt}�
<br /> irnteres�.Borravver sha��also be in default if Borr�vver,durin��he �oan app�xcat�an process,�a�e material�y false ar
<br /> inaccurate informa��on �r s�atements to Lender �or fai��d �o provide Lender wi�h any ma�erial infor��na��on� in
<br /> connec�ion v�ith the �oan evidenced by the Contract. �f�his Securi�y Ins�rum�nt is an a leasehold, Bo�rovver shali
<br /> �omp�y with al�th�pro�isions flf�he lease. If Barrower acquires fee titie t�the Prop�rty,�he leasehold and the fee
<br /> �i�le shall not m�r�e unless Lender a�rees to the mer�er in v�ritin�.
<br /> Prntec��an of Lender's Righ�s in �he Prop�r�y. �f Barrower fails to perfarm �he cvvenan�s and a�ree�nents
<br /> con�ained in this Security �nstrumen�, or there is a legal proceed�n�tha�may si�n�fcan��� affec� Lend�r's ri���s in
<br /> �he Property �such as a proceedin� �n ban.kruptcy, probate, far cflndemnati.on or forfe�ture o�r to enforce �aw� ar
<br /> re�ulations�, then Lender rr�ay do and pay far v�hateuer is necessary to pratect �he value of�he Proper�y and
<br /> Lend�r's rights in�he Proper�y. Lender's actians may include payin�any sums secured by a lien which has priority
<br /> a�er this Secur��t}��nstrument, appearin�in court, payin�reasonab�e attorneys'fees a�d enterin�ari�he Proper�y ta
<br /> make repaxrs.A��hough Lender may take action under this section, Lender does not ha�e to da sa.
<br /> Any amoun�s disbursed by Lender under �his sec�ion shall become addi�iana� deht af Barrower secured by �h�s
<br /> Security Instrument. Un�ess Barrawer and Lender a�ree �� �ther terms of payment, th�se amounts sha�l bear
<br /> �nterest from �he d�te of d�sbursement at the same rate ass�ssed on advances under the Cfln�rac� and shal� be
<br /> pa�able,v�ith�n�erest, upon natic�from Lender to Barraw�r reques�zn�payment.
<br /> �Z�44-2013 Complian�e Systems,Inc.8EB3-E9CL3-2013LZ.�,E1.712
<br /> Cvnsumer ReaI Estate-Security Instrument DL203G Pa�e 2 0�5 www.campliar�cesystems.com
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