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��14�1791
<br /> App��cable Law. A.s used in this Securi�ty �nstrumen�, �he term "Applicable Law" sha11 mean all con�r�ilxn�
<br /> appl��able federal, sta�e and local statut�s, re�ulat�ons, �rdinances and admin�s�ra�i�e rules and arders �that have
<br /> the eff�c�of�aw�as wel�as ali app�icabie fnai,non-appea�able jud�cia�op�nians.
<br /> Charges; Liens. Borrov�er sha�l pay all �axes, assessments, charges, f nes and ��npositions at�ribu�ab le �a �he
<br /> Prop�rty v�hich m�.a� at�ain przari�y �ver�hrs Security Ins�trument, and �easeha�d paynlents ar ground rents, �f any.
<br /> At the reyuest of Lender,Borraw�r shall prompt�y furnish to Lender re�eipts evrdencxn�the pa�rnents.
<br /> Borrower shal� promp�Iy dischar�e any l�en whxch has priori� o�er this Secur�ty Instrument un less Bor��wer: �a}
<br /> a�rees in wri�in� �o the payment of�h� obli�at�nn s�cured by the 1�en �n a manner acc�ptab�e �a Lender; �b�
<br /> contes�s r.n good faith �he �ien by, or defends a�a�nst enforcement af�h� lien �n, te�al proceed�n�s wh�ch in the
<br /> Lender's opi.n�on aperate to pre�ent the enforcement of the �ien; or �c} secures fr�m �he holder of the ��en an
<br /> a�reement sa��sfac�ory ta Lender sub�rd�nat�n�the lien �o this Se�ur�ty �r�strumen�. If Lender de�ermines �hat any
<br /> par� of the Proper�y is sub�ect�o a l��n wh�ch may attain prior�ty o��r �his Securi�ty Instrumer�t, Lender �nay �i�e
<br /> Borrower a notxce identifyin��he lien. B�rrov�er sha�l sat�sfy the Iien �r take one or n�ore Qf the act�ans se� far�h
<br /> abo��wi�hin 1�days af�he�i�ing af no�ice.
<br /> Hazard or Praperty Ynsuranee. Borr�wer shali keep�he impro�ements now existin�or hereaf�er erected fln t�e
<br /> Property insured a�a�ns�loss by f re,hazards �ncluded with�n the term "extended co�erage" and any a�her ha�ards,
<br /> inc�udin� f�oads or fl�odin�, for wh�ch Lender r�equ�res insuranc�. This insurance shai l be mainta�ned in �he
<br /> amounts and for the peri�ds that Lend�r requ�res. The insurance carrier pro�idin�the insuran�e shaIl be�hosen by
<br /> Barro�er subject �o L�nder's appro�al which sha�� not be unreasonabl� withheld. �f Borrower fa�ls �o �nain�ain
<br /> caverage descr��ed above, Lender may, a� Lender's ap�ion, �btaxn c��erage to �rotec� Lender's �i�h�s in the
<br /> Property in accordan�ce wi�h sect�on ti�ied Pro�ection of Lender's]�tigh�s in the Propert�.
<br /> AI1 insurance po�i��es and ren�wals shall be acceptabie ta Lender and shall include a standard mnrt�age c�ause.
<br /> Lender shal] ha�e the ri�ht�o hald the pa�xcies and renevvals. If Lender r�qu�res, Barr�v�er shall pramptIy gi�e�o
<br /> L�nder a�i rece�p�s of paid prem�ums and renewa� n�tices. Zn the e�ent of�oss, Borrower shall �ive pr�mp�notice
<br /> to the�nsurance carrier and Lender. Lender may nr�ake pro�f of�oss if no�made promp�ly by Barrower.
<br /> L]nless Lender and Borrower oth�r�vise a�ree �n writin�, �nsurance proceeds �ha�� be appl�ed t� res�orati�n or
<br /> repair of the Property dama�ed, �f, �n Lender's soie d�s�re�ion, �he restora�ion ar r�pa�r zs ecana�nically feasibie
<br /> and Lender's s�curity is no� �essened. If, xn Lender's saIe d�scr�ti�n, �he res�orafiion or repair is na� economically
<br /> feasible or L�nder's securz�y wnuld be��ssened,the insurance pro�eeds shall be app�ied�o the su�ns s�cured by this
<br /> Security Instrument, �vhether or no� �hen due, wi�h �.ny excess paid tn Barrower. Zf Barrovver abandnns the
<br /> Property, or does not answer withxn the num�er of days prescribed by Appl�cab�e Law as set far�h in a notice fram
<br /> Lender to Borrawer that the insurance carrier has offered tfl s�t�le a cla�m, then Lender��ay coI�ect�he insurance
<br /> proceeds. Lender may use the proceeds to repair �r res�ore the Properry or to pay sums secured by this Security
<br /> �ns�ru�nent,whether ar nat�hen due. The period�f txm�for Barrflwer�a answer a�se�far�h in the no�ice v���l be�in
<br /> when the n�tice is�iven.
<br /> L]nless Lender and Borrower othervvxse a�ree �n vvriting, any applzca�i�n of pr�ceeds ta principai shall nat extend
<br /> or pastpane the due da�e of�he payments due under the Cnntract or chan�e the am�unt of the payments. If under
<br /> the section ti��ed Ac�e�era�ion; Remedies, the Property �s acauired by Lend�r, Borrower'� ri�ht �o afly insurance
<br /> policies and proceeds resultzng fram da�na�e to the Pr�perty prior to the acqu��i�ion shal i pass �o Lender to the
<br /> extent of�he sums secured by�his Secur��y Ins�rumen�im.�nedia�ely pri�r to the a��uis����n,
<br /> Preser�a�ion, Mair��enance and Pra�ec���n nf �he Proper�y; Borro�ver's Loan Appiica���n; Leasehalds.
<br /> Borrower shal� not destroy, dama�e �r��npair�he Property, a�lovv the Property ta de�eriora�e, ar carnmi�waste on
<br /> the Propez-�y. B�rrovuer shali be in defau��if any forf�i�ure ac�i�n ar proceedinb,whether ci�i�or cri�n�nai, is be�un
<br /> � that in Lender's �oQd faith�udgment could resul� �n forfeiture of the Prop�rry ar otherwise materialiy i��npaxr the
<br /> �ien created by thxs Security Ins�rumen� ar Le�der's securi�y �teres�. Barr�wer may cure such a default and
<br /> rexns�a�e, as pr�v�ded �n se��ion�itled Borrower's Right to Reins�ate, by causin�the ac�ion or proceedin��o be
<br /> dismrssed wi�h a rulin��hat, in Lender's�ood fai�h determ�natxon,pre�ludes forfeiture af the Borrovver's in�erest in
<br /> the Properry or other ma�erial in�pairment of�he I�en created by th�s Security Instrument ar Lender's securi�y
<br /> interes�. Barrower s�all also be in default if Borx-ower, during the�oan applicatzon process,�a�e ma�e�-zally fa�se or
<br /> inaccurate inf�rrna�x�n or statements ta Lender �or failed to provide Lender with any material informatian} in
<br /> connection w�th�he laan e�idenced by the �ontract. If this Security Instrument is on a leasehald, Borrower sha�l
<br /> c�mply with a��the provisi�ns of the lease. If Barrav�er acc�uires fee title��the Pr�per�,�he leasehald and the fee
<br /> ����e shal�no�merge unless Lender a�t-ees t��he mer�er��vWrit�n�.
<br /> Prat�ction of L�nderrs Rights xn the Property. �f Borro,wer fai�s �o perf�rm the covenan�s and a�reements
<br /> con�ained xn��ais Securi�y Ins�rument, ar there is a�egai proceedin�tha�may s�bn�f can�ty affec� Lender's ri�h�s in
<br /> the Property �such as a pr�ceeding in bankruptc�, proba�e, far condemna�ion �r forfeiture or to enforce �aws or
<br /> re�ulat�ons�, then Le.nd�r may do and pay far wha�e�er �s nec�ssary �o prate�t �he value of the Property and
<br /> Lender's rights xn th�Pr�perty, Lend�r's ac�ions may include pay�na any sums secured by a Iien�vhich has priority
<br /> ��er�hxs Security Instrument, appear�ng in�our�y payin�reasonable at�orneys'fees and enter�ng�n�he Property�o
<br /> malce repairs.Al�hough Lender ma��ake ac�i�n under th�s sectxan,Lender dnes not have to do so.
<br /> Any amaunts dxsburs�d by Lender under �his section sha11 become additional debt of Bflrrower sec�red by this
<br /> S�curzty Instrument. Unl�ss Borraw�r and Lender agree to other terms of payment, �hese am�unts shaI� bear
<br /> in�eres� from �he date of disbursemen� a� the same rate assessed on ad�ances under �he �an��-act az�d sha�1 be
<br /> payable,wi�h in�eres�, upon not�ce fro�n Lender t�Borr�wer reques�in�payment.
<br /> �2��4-ZOIa Complian�e Systems,lr�c.$EB3-]85D-20]�L2.4.E�.7�2
<br /> Consumer Real Estate-Security Instrument D�,2d36 Pa�e 2❑�5 ww��.comp�iancesyst�r��s.com
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