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<br /> Appl�cahte Law. As used ln �his Security 7nst�umen�, the t�rm "App��cable Lavv" shall mean a�� �flntrfll�in�
<br /> applicable federal, s�ate and local s�a�utes, regulations, ard�nances and admin�stra�i�ve rules and �rders ��hat have
<br /> �he effect of law}as�ve�l as al�app�ica��e�nal,n�n-app�alable�ud�c�a�op�n�ons.
<br /> Charg�s; Liens. Borrov�rer shall pay a11 �axes, assessmen�s, charges, f�nes and impositions attribu�a��e t� �he
<br /> Propert�v�hich may at�ain pr�or�� o�r�r�his Secur��y �nstrument, and leas��old paymen�s �r ground rents, if any.
<br /> A��he request of Lender,Barr�v�er shal�prorrip��y furnish��Lender rec�lpts e��denc�ng�he payrnents.
<br /> B�rrower sha11 prflmptly discharge any lien�vhich has priority o�rer this Securi�y Ins�rument un�ess Borrov��r: �a�
<br /> agrees in v�r�iting �o th� paymen� of the o��igatian secured by the �ien in a rnanner ac�ep�ab�e �� Lender; �b�
<br /> contests in go�d faith �he Iien by, or defends against er�forcement Qf the �ien 1n, I�ga� praceedings wh�ch in �he
<br /> L�nder's �p�nion �perate t� �re�ent �he enforcemen� af the l�en; ar �c} secures from �he holder �f�he l�en an
<br /> agreemen�sa��sfactory to Lender subordina�ing�he lien t��his Se�uri�y�ns�rumen�. �f Lend�r de�ermines that any
<br /> part af the Property �s subj ect to a 1�en �vcThich may attain pr�ority aver th�s Securifiy Ins�rument, Lend�r may g��re
<br /> Barrov�rer a na�ice id�ntifying�he �ien. B�rr�wer sha11 sa�isfy�he lien or take one ar mare of�he ac�i�ns se� far�h
<br /> abo�ve w�thin 1�day�flf�he gi��ng of no��ce. �
<br /> Hazard ar�'raperty Insurance. Borr�wer shal�keep the �mprovemen�s now e�is��ng�r hereafter ere��ed on the
<br /> Property insured aga�nst loss by fre,hazards inc�ude�within�he��rm"ex�ended co��rage" and any��her hazards,
<br /> inc�uding fl�ods �r flfloding, f�r which Lender requires �nsurance. This insurance sha11 be main�a�ned 1�l �h�
<br /> am�un�s and f�r�he p�riods tha�Ler�der requires. Th� �nsurance carrier pro�iding�he i��suran�e shal�be�hosen by
<br /> B�rrower subj e�t to L,ender's approval which shall n�t:be unreasonab�y wa�hheld. �f Borrower fails t� main�ain.
<br /> ca�erage desGribed above, Lender may, at Lenderts op�ion, �b�ain coverage to pro�ec� Lender's righ�ts 1n �he
<br /> Pr�per�y in accardan�e v`r��h section titled Pr�tect�on of Lender's l�ights in the�'roperty.
<br /> All insurance po�icies and renewa�s sha11 be ac�ep�able t� Lender and shal� �nclude a s�andard mo�gage clause.
<br /> Lender shali have�he right to h�ld the p�l�c�es and renewals. �f Lender requires, Borro�ver sha1l promptly g1�e t�
<br /> Lender al�r�ceip�s of paid prer�iums and renevval na�ices..�n�he e�en�of�oss, B�rr�wer shall g��e prompt natice
<br /> �o the irisura.nce carr�er and Lender.Lender may ma�e proof�f loss if no�made prflmptly by B�rrower.
<br /> Un�ess Lender and Borrorn�er ��her�ise agree in vvri�ing, �nsuran�e proceeds shal� be applied �o rest�ratian or
<br /> repa�r of�he Proper�� damaged, if, in L�nder's sole d�scre�ion, �he restora�ion or repair �s economical�� feasib�e
<br /> and Lender's securi�y is not lessened. �f, in Lender's sale discre�iom, the res��ra�ian or repair�s not ecanom�ca��y
<br /> feasib�e or Lender's security vvauld be lessened,the insurance pr�ceeds shall be appl�ed t�fhe sums secured by�his
<br /> Secu�ity �ns�rument, whether ar not then due, vrr�th any excess paid to Borro�er. If :Borrflv��r a�andons 1:he
<br /> Pr�perty,or does nat ansvwer w�thin the number of days prescribed by Applicable Law as set forCh in a na�ice from
<br /> Lender t� Borro�rer tha�the �nsurance �arrier has offered to se�tle a c�a�m,then Lender may coilect the insurance
<br /> proceeds. Lender m�.y use the proceeds to repair �r res�ore the Property nr�o pay sums secured by th�s Se�urity
<br /> �nstrument,whether vr not then due.The peri�d of time fvr Borrov�er to answer as set far�h�n�:he n�tice wil�begin
<br /> v�rhen�he nat�ce is gi�en.
<br /> Unless Lender and��rrower o�herwise agree �n wri�ing; any applica�ion of proceeds�a principa� shall no�extend
<br /> or pastpone the due da�e of the pa�ments due under�he �on�ract�r change �he amount���he pa��men�s. �f under
<br /> �he sec��on�itled Ac�ei�rati�n; Remedi�5, �he Property is acquir�d by Lender, �orrov�er's right�v any insurance
<br /> pol�c�es and praceeds resul�ing fr�m damage �o the Property prior t� the acquisi��on sha�I pass �o L�nder ta �h�
<br /> e�tent flf�he sums secured by��h�s SeCur�ty�nstrument immediate�y pri�r t��he acquisi�ion.
<br /> Pre�er►va�ivn, Mai�teaance and Pro�ection �f the Praper�y; BQrrow�r�s Loan Applicati�n; Leaseha�ds.
<br /> Borrov�er shall n�t destroy, damage or�mpair the Praper�r, a��ow the Pr�perty�o de�eri�rate, �r cammit was�e on
<br /> �he Property.Borr�v�er shal�be in default if�ny fflrfe��ure ac�ion�r pr�ceeding,vvhether civil or criminai, is begun
<br /> that in Lender's go�d fai�h judgmen� �ou�d resul� in f�rfei�ure �f the Praper�y or otherv�ise material�y impair th�
<br /> lien created by this S�curity �nstruinent or Lender's security in�erest. Bvrrawer may �ure such a default and
<br /> re�ns�ate, as prov�ded�n sec#ion�itled �arrower's R�g�t to l���nstate, by causing�he ac���n ar proceeding to be
<br /> disn�issed with a ruling�hat, in Lender's good fa��h de�erm�na��fln,precludes forfeiture af the Barr�wer's interest in
<br /> �he Pr�per�y or other matel�al impairmen� �f the �ien crea�ed by �his S��uri�ty �nstrument or Lender's se�urity
<br /> interes�.Borrower sha�l a�so be in defau�t�f B�rrower,dur�ng the loan appl��ation process,gave nna�erially faise or
<br /> inaccurate �nforma��on or s�atements t� Lender �or fai�ed �a pr�vide Lender w��h any mater�al information} in
<br /> connect�on vvi�h th� Ioan evidenced by the Cantract. ��`�his Security �nstrumen� �s on a leasehold, Borrower sha1�
<br /> comply vvi�h all the pr��is��ns�f the lease. If Borrower a�c�u�res fee����e to tl�e Pr�perty,the leaseh�ld and the fee
<br /> title shall n��m.erge unless Lender agrees t��he merger in wr���ng.
<br /> Pra�ec��on of Lender's Rights in the Propert�. �f Borrower fai�s to perform the cfl�enants and agreemen�s
<br /> conta�ned�n this Se�urity�nstrument, �r�here is a legal praceeding that may significantly affect Lender's rights in
<br /> �he Property �such as a proceeding in bankruptc�, praba�e, f�r c�ndemna�ian or forf���ure o��o enforce laws �r
<br /> regula�i�ns�, �hen L�nder may do and pay fo� whatever is ne�essary �o protec� �he �alue �f the Pr�perty and
<br /> Lender's r�gh�s in the Prop�rry. Lender's ac�ions may include pa�ing any sums secured by a lien whi�h has priarity
<br /> o�er this S�curity Instrument, appearing�n court,paying reasonab�e at�orneys'fees and en�ering�n the Property�o
<br /> make repa�rs.Although Lender may�ake ac�ion under this sec��on,Lender does no�haWe��da so.
<br /> Any arn�un�s d�sbursed by L�nder under �his section shall bec�me additional debt of Borrower secured by this
<br /> Secur�ty �n.s�rument. Un�ess Borrov�er and Lender agree �o ��her terms of p�.yment, these amounts sha�l bear
<br /> interest fr�rr� �he date of disbursemen� at the same ra�e assessed on advan�es under the �ontr�ct and shal� be
<br /> payable,w��h interes�,upon nfl��ce from L�nder��Barrav�rer re�ues�ing paymen�.
<br /> fl 2004-2013 Campliance Systems,Tr�c.8EB3-CAS9-24 i 3L2.4.E 1.7I�
<br /> Consumer Rea�Estate-Sec�rity Instr�rner�t DL2036 Pa�Y 2 of 5 www.c�mpliancesystems.com
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