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<br /> App�i�ab�e Lav�. As used in th�s Secur�ty �nstrumen�, th� fierm "Applicable Law" shal� mean all cantro�lin�
<br /> appl�cab]e federal, s�a�e and ]�cal statu�es, re�ulations, �rd inances and admin�s�rati�e rules and orders �that have
<br /> the effe�t of�aw�as we�l as al�app�icable final,n�nTappealab le�j udicial op�n�ons.
<br /> Charges; ��ens. B��-rower shall pay alI �axes, assessments, char�es, fines and imp�sitions attributable to the
<br /> � Prope�-fiy wh�ch ma� attain priori�ty over this Secur�t� Ins�rumer�t, and leasehold payments or�round ren�s, if any.
<br /> At the request nf Lender, Barr�wer shall pr�mp��y furnish tfl Lender rece�pts e�idencin��he payments.
<br /> B�rr�wer shalI promptly d�scha�-�e any I�en whxch has pr��ri�� o�e�this Security Inst�ument unless Borro�er: �a}
<br /> agrees �n wri�in� t� the payment of the obl��a�ifln secured by �he lien in a manner accep�ab�e ta Lender; �b}
<br /> contests in �ood fait� the lien by, ar defends a�ainst enfa�-c�men� of�h� lien �n, le�al p�raceed�n�s wh�ch in the
<br /> Lender's apir�i�n aperate to prevent the enforce�nent of the lien; or� �c� secures fram the hoIder of the lien an
<br /> a�reemen� sa�isfactary�o Lender subardina�in�the I�en ta this Securi�y �nstru�r�ent. if Lender d�termines that any
<br /> par� of�he Property xs sub�ect to a lien vvhich may at�ain prior�ty over�his Security Instru�nent, Lender may �ive
<br /> B�rra�ver a notic� identify�ng the lien. Borrawer shali sa��sfy the lien or�ak� flne or more of�h� acti�ns s�� for�h
<br /> ab��e vW��h�n ��days of the�ivin�of na�rice.
<br /> Hazard or Property Insurance. Borrovve�shail keep�he impro�emepts now existin� ar hereafter erected �n the
<br /> Proper�y insured ag�inst�ass by fre,hazards ir�cluded vvithin the���r�n "extended co�era�e" and any o�he�•hazards,
<br /> includin� flaods or fl�odin�, far which Lender requires insuran�e. Th�s insurance shall be ma�r�tained in the
<br /> am�unts and for�he peri�ds that Lend�r requires. The insuran�e car�-ier prov�di�g the insuranGe shall be chosen by
<br /> Barrower subjec� to Lender's appro�al wh�ch shaIl na� be un.reasana�ly withhe�d. �f Barr��er fa�ls ta m�a�ntain
<br /> � covera�e descr�bed aba��, Lender may, at Lender's opt��n, �btain covera�e to pro�ect Lender's righ�s in �h�
<br /> Property �n accordance vvi�h secti�n�xtle� Pra�ect�on o�'Lender's �i�hts in the Property.
<br /> AIl rnsurance pa�icies and renewa�s sha�l be acceptable ta Lender apd shall �nclude a standa��d m�rt�a�e c�aus�.
<br /> Lender sha�� ha�e the rz�ht to hold th� poi�cies and renewa�s. If Lender�-equ�res, Bor�-ovver sha1� pr�mptly �i�e ta
<br /> Lender ai l receip�s �f pa�d prem iums and renewal n��iGes. In the evet��of l�ss, Borr�wer sha�l �ive prompt notice
<br /> to the�nsuranc�carrxer and Lender. Lender�.ay make pranf�f Ioss �f no��nade promptly by B�rr�wer.
<br /> Un�ess Lender and Borr�wer otherwise a�ree �n wr�ting, �nsurance proceeds shali be app�ied to res�orat�on �r
<br /> repair of�he Prapex�y damabed, if, in Lender's sole drscretion, the restoration or repazr is ec�nomically feasibl�
<br /> and Lender's securxfiy is not Iessened. If, in L��der's sa�e discr��ion, the res�ora�ifln or repair is no� ecan�mica�ly
<br /> feaszb�e ar L,ender's security wouid be lessened,the insuranc�pr�ceeds shall be applied ta the sun�s secured by this
<br /> Secur��y Instrumen�, v�he�he�r or nat then du�, wi�h any excess pa�d �� Barrower. If Barrower aba�d��s the
<br /> Property, or does no�ansvv�r w��hin�he nu�nber of days prescribed by App�icable Law as set forth in a na��ce fro�n
<br /> Lender�o Borrower�ha�the �nsurance carrier has offered to set�le a c�airn, then Lend�r may Gollec�the insurance
<br /> proc�eds. Lender may use �he proceeds ta repair flr restare �he Property or�o pay sum� secured by this Security
<br /> �nstrument,wh�ther or not then due. The per�od of tzme for B�rrovver to ar�swer as set forth in the no�ice w��l be��n
<br /> w�en the�ot�ce is��ven.
<br /> Unless Le�der and Borrawer o�herwise agree in vWr�tin�, any app�ica�ian af proceeds to principal shaX� no� ex�end
<br /> or postpone the due date �f the paymen�s due under�he Cot��ract or chan�e�he a�noun� �f the payments. �f ur�der
<br /> the section tit�ed Ac���eration; Remedies, the Propert� is acquired by Lender, Barrower's ri�h��fl any insurance
<br /> palicxes and praceeds resul�in� firam danza�e �o the Proper�y prior to the ac�ui�ition sha�l pass ta Lender ta the
<br /> extent of the sums secured by th�s Secur��y �ns�rumen�Ymrnediately priflr��the acqu�sxtx�n.
<br /> � Preser�at�on, Mai��ena�ce and Protec�i�n of the Praper�y; Barrov+�er's Loan App�ic�.t��n, Leaseholds.
<br /> Borrower shal� na�d�s�roy, damage or �mpa��r the Proper�y, aIloWv�he Proper�y to deteriara�e, o�commit waste on
<br /> �he Prope�-ty. Borraw�r sha�l be in default�f any forfeitu�e a�tion o�proceedin�, whethe�-ci�il or cr�n-�inal, is be�un
<br /> tha� in Lender's good fa��h judgment could resuIt in farfeiture of the Proper�y or o�herw�se materialIy ��pair the
<br /> ��en create� by this Securi�y Ins�rument fl� Lender's securi�y in�e�-est. B�rraw�r may cu�e such a defau�t and
<br /> reinstate, as pro��ded in section �i�ied Sorrflwer's Right to Reinstate, by causin�the action or proceedin�to be
<br /> dismissed with a ruli��tha�, in Lender's�ood fai�h de�er�ninatian, precludes forf�iture of the Borrower's �nterest in
<br /> the Property ar other mater�aI imparrmen� of�he lien created by this Security Instru��ept or Lend�r's secur�ty
<br /> �nterest. Borrower shai� also be in default if Borrow�r,durin�the loai�applicati�n process,�ave material�y false or
<br /> xnaccurate �nfarmati�n �� statements t� Lend�r �or failed to provide Lender with any material information� �n
<br /> connec�ian �v�th �he loan e�idenced by the Contra��. If this Secur�ty Instrument is op a �easeh��d, Borr�wer sha�l
<br /> comply�v�th al�the pro�isians of th� �ease. �f B�rrower acquires fee title�o�he Prope�ty,the �easehaid and the fee
<br /> tit�e shali not mer�e un�ess Lender a�rees���he�ner�er in wr���_n�.
<br /> Prot�ctian of Lender's Righ�s ir� �he Prapert�. �f Borrower fails to perform �he covenants and a�reemen�s
<br /> con�ained xn�his Security ins�rumen�, ar there is a legal proceeding�ha�may si�nificantly affect Lender's ri�hts in
<br /> the Property �such as a pr�c�ed�ng �n bankruptcy, proba�e, for condemnat�on o�- forfei�ure or to enforce laws or
<br /> regula��ons�, then Lend�r �nay do and pay for whatever is necessary �o protec� �he �aIue �f�he Pr�per�y and
<br /> Lender's ri�h�s in the Praperry. Lend�r's actions may �nclude paying any sums secured by a lien vvhic�has priority
<br /> o�er th�s Secur��y Instrument, appearin��n cour�,payin�reasanable attorraeys'fees and enterin�on the Proper�y tn
<br /> make repa�rs.Although Lend�r m�ay�ake ac�ion under this section, Lender does no�ha��to da so.
<br /> Any amounts disbursed by Lender under this section shall became add���ona� debt of B�rr�wer secured by this
<br /> Securxty �nstrument. Un�ess Barrower and Lender a�ree �o other �erms flf payment, these amaunts shalI bear
<br /> �nteres� from the date af d�sburs�ment at �h� same rate assessed on ad�ances under the ��n�rac� and shal� be
<br /> payable,wi�h�n��rest, upon natrce firom Lender�o Borrawer�e�uest�n�payment.
<br /> �2444-20��Cvmp[iance Systems,Inc.$EB3-AC04-2d 3 3 L2.Q,E 1.71?
<br /> Cansurrier Reai Estate-Se�urity Ir�st�ment DL.2�;G Pa�e 2 vf 4 www.corr��liancesysterns.com
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