��14�154�
<br /> A li�able Law. As used �n this Secur�ty �nstrumen�, the �erm. "Appli�able Lav�" sha�1 mean a�� c�n�rol�ing
<br /> Pp
<br /> app��ca�Ie federa�, s�a�e and l�cal statu�es, regula�ions, or�inances a�.d admin�s�ra�i�e rules and orders �that have
<br /> �he�ff�c�af�av��as w��l as alI applicable f�nal,non-appealab�e�udic�al op�n��ns.
<br /> Charges; L�ens. Bor�ower sha�l pay al1 �axes, ass�ss�nen�s, charg�s, �nes and imposi�i�ns attribu�able �a the
<br /> Praper�which may attain pri�rity over this Security�ns�rumen�, and leas�h�ld payments or ground rents, if any.
<br /> A�the reques�of Lende�,Borro�er shail pr�mptly furnish t�L�nder rece�p�s e�lden��ng�he payments.
<br /> Borrov�er sha�1 promptly discharge any �ien w�ich has pr�ority o�er�his Securi�.y �ns�ru.men�unless Borr�wer: �a�
<br /> agrees in v�ri��ng to the payment of the obliga���n secured by the lien in a ma�ner accep�able to Lender; (b�
<br /> c�n��s�s in g�od faith �he 1�en by, or defends agains� enf�rcemen� �f�he ��en �n, legal proc�edings wh�ch in �he
<br /> Lender's opini�n �perate �o pre�rent fihe enf�rcemen� of the lien; �r �c} secures fr�m the ho�der of�he I�en an
<br /> agreement sa�isfactory�t� Lender subordina�ing the lien to�hrs Sec�r�ty�nstrument. If Lender determines that any
<br /> part of�he Pr�perty zs sub�ec��a a �ien which may at�ain pr�or�fiy �ver�his Secur�� �ns�rument, Lender may give
<br /> Bar��vver a not�ce id�n��fying the lien. Borr��ver shall sa��sfy�he Ii�n�r:�ake ane vr mare of�he ac�ians set far�h
<br /> above�vvith�n 1�days�f�he g���ng of no�ic�.
<br /> Hazard or Pr��erty Insurance. Borrower s�aall�eep�he impr��ernents x�ow ex�s�ing or hereafter erec�ed on the
<br /> Property�nsured a�a�nst loss by fre,�azards included�ithin�he t�� "e�tended coverage" and any o�her hazards,
<br /> �ncluding fiaods or flfloding; for v�h�ch Lender requ�res ���urance. Thzs �nsurance shall be main�ained in the
<br /> am�unts and f�r the p�riods that Lender requires.The insurance carr�er prov�ding the�nsurance shal�be c�asen by
<br /> Borr�wer subjec� �o Lender's appro�al which sh�.11 not be unreas�nably vv��hhe�d. If Barrower fai�s �o mainta�n
<br /> cavera�e des�ribed above, Lend�r may, a� Lender's ap�io��, ab�ain co�erage to pro�ect Lender's r�gh�s in the
<br /> Proper�.y in accardan��wi�h sec�io�t�tled Pr�tect�vn af Lend�r's R�ght��n the Praperty.
<br /> A1� insurance polzcies and renewa�s sha11 be acceptab�e �a Ler�der and s��.l� �n�lude a s�andard mortgage c�ause.
<br /> Lender shall have the right ta holc�the polycies and rene�vals. If Lender re�uires, Borr�wer shall promp�ly g��e tfl
<br /> Lender a11 rece�pts df paid prem�ums and�enev�ral n��ices. In the even�of�oss, B�rrower sha�1 giWe pr�mp�n�t�ce
<br /> �a the insuranc�carrier and Lender.Lender may rr�ake proQf af�oss if not made prornp�ly b�Borrower.
<br /> �
<br /> Unless Lender and Borrower otherwise agree in �vriting, insurance proceeds shal� �be appl�ed �o res�aratian �r
<br /> repair of�he Property damaged, if, in Lender's so�� discreti�n, �he restora�ion or repair is economi�ally feasible
<br /> and Lender's secur��y is n�t �essened. �f, �n Lender's so�e dis�re�x�n, the:res��ra��vn or re�air Ys nv� econQmically
<br /> feasihle or Lender's securi�y would be lessened,�he�nsuran�e proce�ds sha�l be applied�a�he sums secured by�his
<br /> Se�urit,� �nstrumen�, v�rhether �r no� then due, wi�h any e�cess pa�d �o Bo�-rower. �f B��ower abandans �he
<br /> Property,or does no�answer wi�hin�he nurr�ber of days prescribed by App��cable Lav�as set far�h in a nat�ce from
<br /> Lender to Borr�wer tha��he insurance carrier has offere��� set��e �claim, �hen Lender may c��lec��he insurance
<br /> pro�eeds. Lender may use �he praceeds to repair or res�ore the Pr�perty �r�a pay sums secured by th�s Security
<br /> �nstrument,vvhe�her�r not then due.The peri�d o��ime for�orraw�r t�answer as set forth�n�he natice�v��1 beg�n
<br /> when th�notice is gi�en.
<br /> Unless Lender and B�rrower a�herwise agree in wri��ng, any appl ica��on �f proceeds�o principal shal�no�e�tend
<br /> or postpone the due da�e of�he paymen�s due under the Cflntrac��r change the amount�f the payments. �f under
<br /> tl�e section t��led Ac��ler�tion; Remedie5, the Property �s acyuired by L�nder, Borrov�rer's r�gh�to any insuranc�
<br /> pol�cies and proceeds resul�ing from. damage to �he Pr�pe�-ty �aria� t� the a�quisi�ion sha�l pass to Lender to the
<br /> ex�ent of�he sums secured by th�s Security�ns�rument�m:�ned�al�e�y pr��r�a the acquisi�io�..
<br /> Pr�ser�a�io�, Maintenance and Protect�nn of the Pro�erty; Borr�vver'� L�an Applica#ion; LQasehoids.
<br /> Borr�v`rer sha�l no�des�roy, damage or impair the Property, a�lovv�he Prop�rt�y�o deteriarate, nr c�mmit�vaste on
<br /> the Propert�. Barr�wer shal�be in default�f any forfeiture ac��on or�roce�ding,whether civi�or crimina�,is begun
<br /> �hat �n Lender's go�d fai�h judgm�n� couid result in fo�rfeiture of the Proper�y �r ��herv�ise ma�erial�y impair the
<br /> �ie� crea�ed �by this Securi�y �nstrumen� o� Lender's securit� �nte�es�. ��rrawer may cure su�h a defau�t and
<br /> re�ns�ate, as pro��ded i� section�i��ed Borrov►�er-rs I�ig�ht �� ll��instate, �by caus�ng the action or pr�ceeding;ta�e
<br /> dismissed v���h a rul�ng that, in I�ender's g�od faitih de��rmina�ion,precludes farfei�ure of the Borr�v�er's in�eres��n
<br /> �he Propert}� �r oth�r ma�eriai impairment of the lien created by this Securit�r Instrun-�en� �r Lender's security
<br /> in�erest.Barrower shall a�s�be in default if Barr�wer, during tl�e�oan app�ica��on process,gave mater�a�Iy false or
<br /> �na�cura�e inforrna��on or statemen�s ta Lender �o� fai�ed �a pro�ide Lender wi�h any ma�eria� information� �n
<br /> connection wi�h�he �oan evidenced�y the �ontract. �f`f:his Secur�ty �ns�ru�ment is �n a l�aseh��d, Borrawer shai�
<br /> con�p�y with all�he pro�is�ans of�he Iease. �f Borrawer ac�u�res fee ti�le���he Pr�per�y,the lease�-�o�d and�he fee
<br /> �it�e shall n�t merge un�ess Lender agrees��the merg�r in writing.
<br /> Prat�ctian of Lend�r's R�ght� in the Prap�rty. �f Borrovver fai�s to perform th� covenan�s and agreements
<br /> co�tained in�h�s Securxty�ns�rum�n�, or�here is a lega��r�ceed�ng�hat may signi�ic�.ntly affec�Lender's r�gh�s in
<br /> the Proper�y �such as a proceeding �n bankrup�cy, probate, f�r c�ndemnat�o� �r f�rfeiture or to �nfarce laws or
<br /> regula��on��, �hen Lender may d� and pay f�r vvha�ever �s necessary �a prote�� �he valu� af�he Pr�perty and
<br /> Lender's r�ghts in�he Property.Lender's actions may include pay�ng any sums secured�y a lien�vhich has pr�ori�y
<br /> over th�s Securi�Instrument, appear�ng in c�ur�,�ay�ng reasonab��att�rneys'fees and entering on th�Properfiy�o
<br /> make repa�rs.Althau�h Lender may�ake actian under�his sect��n,�ender does no�ha�e to do so.
<br /> Any am.oun�s disbursed by Lender under �hi� se���on shall b�corr�e add���ona1 d��b� of Borr�wer secured b� this
<br /> Securi�y �nstrumen�. Uriless Borraw�r and Lender agree �� �ther �erms �f payme��, these amoun�s sha�l bear
<br /> in�erest from �he date of disbu�rsement at the same �ate assessed �n advances under �he Con�ract and shal� be
<br /> payable,�rith interest, up�n notice from Lender�o Borrvv�er requesting payment.
<br /> Q 2��4-2413 Compliance Sys#e�ns,�nc.8E$3-2d$5-2a13L2.�.E1.712
<br /> Cansu�er Real Estate-Security Instrument DL2a36 Pa�e 2 Qf 5 www,campliancesystems.�om
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