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��14�15�5
<br /> App���able Law. As used �n ���5 Security �nstrument, the t�rm "App[icable Law" shall mean al� con�z•ol�in�
<br /> app�icab�� federal, state and locai statu�es, ��gula�ions, �rdinances and adrninistra�ive ru�es and orde�5 �that ha�e
<br /> the effec��f lavv�as wei 1 as al1 appl icab�e fina�,non-appea�ah��j udi�ia�opinions.
<br /> �harb�s; L�ens. Borrowe�r sha�l pay all taxes, assess�men�s, char�es, fines and impo�itions attributable �o the
<br /> Property wh�ch may attaxn priority �Wer�his Security �nstrun-�en�t, and Ieaseh��d paymen�s or�round rPn�s, if any.
<br /> At the request nf Lender, Borrower shal�pro�mptly furnish to Lend�r receipts e��dencin�the payinents.
<br /> B�rra�e�r sha�l prom�.ptly discharge any lien which has p�-�ar��y aver�his Securi�y Instru�men� unless Borra�er: �a}
<br /> a�rees �� vvriting ta �he payment af�he ab�i�at�on secured by the l�en in a manner acceptab�e �o Lender; �b}
<br /> contes�s ir� �a�d faith the lien by, ot� defends a�ainst enforcement af the lien ir�, �e�al proceed�n�s v►rh�ch in the
<br /> Lender's opi.nion operate �o prevent �he �nf�rcenlent of the lien; or �c� secures frnm the halder of the ��en an
<br /> a�reement sa�isfa��ory ta Lender subord�nat�n�the �ien to�his Secur�t� �ns�rument. If Lender de�ermi��es that any
<br /> part of th� Property xs subj�ct to a l�en v�hich may at�a�n prior�ty �ver this Securi� Ins�rument, Lend�r may gi�e
<br /> Borr�wer a no��c� xd�nt�fy�n�the I�en. Borrower sha�l satisfy�h� �ien or ta�e �ne ar more of the actions set far�h
<br /> ab��e v�i�hzn ��days of the�i�in�of n�tice.
<br /> Hazard or Praperty Insurance. Borrower sha�i keep the improvements now ex�s��n�or hereaf�er er�cted on the
<br /> Proper�y insured aba�ns�Ioss 1�y f re,ha�ards�nclud�d w��hin th�term "ex�ended co�era�e" and any ot��er hazards,
<br /> �nclud7n� floods ar flaadin�, for which Lender requires �nsurance. This insurance shal� b� maint�.ined in the
<br /> amaunts a�d for the periods that Lender requires.The insurance carr�er pro��din�the �nsura�ce shall b�chasen by
<br /> Barro�ver subjec� ta Lerider's appra�al which shal� not be un�eas�nably w�thheld. If �orrower fa�ls to ma�ntain
<br /> covera�e described aba�e, Lender may, at Lender's option, obta�n co�era�e �o pra�ect Lend�r's ri�hts in the
<br /> Prflperty 1n accordance wi�h se����n ti�led Prot�ct�on of Lender'�Rxghts in the Property.
<br /> A�l �n�urance po�xcies and r�newals shall be a�ceptable to Lender and shall in��ude a s�andard �nar��a�e clause.
<br /> Lender shall have the ri�h�to h�ld �he policies and renewais. If Lender requires, Borrower sha�l pr�mpt�y �ive to
<br /> Lender ail receipts of paid premiums and renewal nfl�ices. In the event af loss, Borrawer shall �i�e prornpt no�ic�
<br /> to the �nsurance carrier and Lender. Lender may mak��ra�f of lass if not made promp�ly by Sorrower.
<br /> Uniess Lender and Bflrr�wer otherwise a�ree in writin�, insurance praceeds shali be applied to restoration or
<br /> �epa�r of the Proper�y daina�ed, �f, in Lender's sale discretian, the �es�ora�ion or repa�r is econamicaliy feasib�e
<br /> and Lender's secur�ty is not lessened. If, in Lenderts sole discre�ion, th� r�s�orati�n ot� repair �s nflt e�ona�r�ica�ly
<br /> feas�ble or Lender's security would be lesse��d,the Insurance pro�eeds shall be appIied to�he su��ns secured by this
<br /> Securi�y Ins�rumen�, whe�her or not �h�n due, w��h any excess paid ta Borrower. If Borrow��r abandons fih�
<br /> Property, or does���answer v�i�hin the number of days prescrib�d by Applicabie Law as set foi�h in a n�tice f�-om
<br /> Lender ta Barrovver�ha��he �nsurance carrier has offered ta settie a claim, �hen Lender may collect the insuran�e
<br /> proceeds. Lender may use the praceeds to repa�r or res�are the Praperty or to pay sums secured by �h is S�curi�y
<br /> Ins�rumen�,whether ar no���en due. The period of��n�e for Borrower�o ansv�er as set forth in the notice wil� be�in
<br /> when the not�ce�s g�ven.
<br /> Un�es� Lend�r and Borrawer otherwise abree in writin�, any applica�ion of proceeds �o principal shall not extend
<br /> or pastpone the due date of the payments due unde�the �on�rac�or chan�e �he amaun�of the payrnents. �f unde�-
<br /> �he sec�ion�rtled Accelera�ion; Remed�es, the Pr�per� �s ac�u�red b� Lender, Borrower's ri�ht to a�y insuran�e
<br /> polici�s and proc�eds resu��inb fram dama�e to �he Property priar t� �he ac�uisition sha�l pass �o L�:nd�r �o �he
<br /> extent of�he sums se�ured by�his 5ecurity �nstru�nent i�med�ately prior to the acquis��ion.
<br /> PreServa��on, Main�enance and Protec�ion of �he Property; B�rrawer'� Loan App�ica��an; �ea�eho�d�.
<br /> Borro��ver sha�� not des�roy, dama�e ar�mpa�r the.Praperty, a�l�w the Prop�rry�o de�eriora�e, or camn�i�v�as�e on
<br /> �he Prope�-�y. Borrovver shal�be in defau��if any f�rfei�ure action or proceedin�,whe�her ci�il or c�riminal, is be�u�
<br /> �hat in Lender's �oad faith�ud�men� could result in forfe��ure of�he Property �r o�herv��se ma�eria�l�� impa�r �he
<br /> l�en crea�ed by th�s Securi�y Ins�rumen� ar Lender's security �nt�res�. Bar�rower rnay cure such a defaui� and
<br /> reinstate, as pro�ided in s�ct�on t�t�ed Borrower'S Right ta Reinstate, by caus�n��he ac�zon �r pr�ceed�n�t� be
<br /> dismissed w�th a ru�ing thaty �n Lender's�aod faith deterrn�na�io�,precludes farfeiture af the B�rrower's �nterest in
<br /> the Pr�perty or other materia� impa�rment nf�he �ien cr�a�ed by th�s Securi�y Instru�men� or LendPr's security
<br /> in�erest. Borrower sha�� also be �n default if Borrower,durin��he toan application process,�a�e ma�erially false ar
<br /> inaccura�e informatian ar sta�emen�s t� Lender �or faiied to pro�ide Lend��r with any materzal infarmati�n3 in
<br /> cannection wi�h th� loan eWidenced by the Con�ra�t. If th�s Security Ins�rument is on a ]easeha�d, Borrower sha�l
<br /> comp��w���aIl the pro��sions of�he Iease. �f Borrawer acquires fee title�a the Pr�p�rty,�he leaseho�d and the fee
<br /> ���Ie shal�not mer�e unless Lender a�rees�o the merge�r in wri�ing.
<br /> f
<br /> Pra�ection of Lender's Rxghts xn the Proper�y. If Borrov►�e�- fai�s to perform the co��nan�� and a�z-ee��en�s
<br /> �nn�ained in this Securi�ty Instrument, or�he�re is a le�a� proceedin��ha� �nay si�n�f can��y affect Lende�'s ri�h�s in
<br /> �he Pro�erty �su�h as a proceedin� in ban.kruptcy, probate, f�r condemna�ion �r farfe�ture or ta enfarce �aws �r
<br /> r��ula�ions), then Lender �nay do and pay for whate�er is necessary �o protect the �aIue flf the Prope�-ty and
<br /> Lender's ri�h�s xn the Prflper�y. t,ender`s actians �nay inc�ude pa}�inb any sums secu�-ed by a lien whi�h has �riori�y
<br /> o�er this Securifiy �ns�rument,�appearin�in cour�, pay�n�reasanab�e attorneys'fees and en�erin�on�he Proper�y tn
<br /> mal�e repairs.A�thou�h Lender may take ac�ian under this section, Lender does�at ha�e ta d�so.
<br /> Any amoun�s disbursed by Lender under this secti�n sha�l beco�ne additiana] debt of Borr�wer secured by th�s
<br /> Secur��y Instrument. Un�ess Borrow�r and Lender a�ree to o�her �er�ns flf payment, �hese am�un�s shall bear
<br /> interest fram the da�e of disbursement at the sam� rate assessed an ad�ances under the Can��act and shall be
<br /> payab�e,w��h interes�, upon natice from Lender�o Borrovver reques�in�paymen�.
<br /> 0 2�44-?413 Cor�pliance Systems,Inc.8ES3-9FA2-2013LZ.D.E�.7 I2
<br /> Consumer Real Estate-Security Ir�strument DL203f� Pa�e 2 of 5 www,compiiancesystems.cam
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