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��14��151
<br /> A licab�� Law. As used in this Secu�'ity �nstrument, �he term "Applicable Law" shal� mean all con�rol��ng
<br /> PP
<br /> applicable federal, state and local statu�es, reguia�ions, ord�narices and admin�s�rat�ve ru�es and �rders ��ha� have
<br /> th�effec�of law}as we�I as al�app�icab�e fna1,n�nWappealab�e�udic�al op�n�ons. �
<br /> Char �s; Li�ns. Bor�ovver shal� pay aIl taxes, assessm�nts, charges, fines and i�nposit�ons a�tribu�a�le to the
<br /> �
<br /> Property vvhic�may a�tain priarit� o�er this Sec�rity �ns�rume�t, and leasehnld paynlents o�gr�und ren�s, if any.
<br /> At�he request❑f Lend�r,Borrovver shall promp��y furnish to Lender rece�p�s e��denc�ng�he payments.
<br /> Borrawer sha��pr�mp�ly discharge a��y lien which has pr�arity o�er�his Securifiy Ins�rumen�unless Borrower: �a�
<br /> agrees �n vvr���ng �o ��e payment of the ob�igation secured by �he lien in a man�er a�ceptab�e to Lender; tb�
<br /> con��sts in gond fa��h �he Iien by, or defends aga�ns� enfar�ement af. the l�en 1n, legal proceed�ngs vvhi�h in the
<br /> Lender's �p�ni4n operate �� preven� the enforCemen� of the Iien; or �c� secures from �he holder �f the �ien an
<br /> agr�emen�satisfact�ry�� Lender �ubord�nating�he �i�n ta th�s Securi�ty Instrument. �f Lend�r determines�hat any
<br /> par��f�he Pr�perty is sub�ect�� a lien which may at�a��.prior�ty over th�s Security �nstrumen�, Lender ma�give
<br /> B�rrovver a notice iden�ifying�he �ien. Borrav�er sha�� sa�isfy�he ��en or take one or more of�he acti�ns se�forth
<br /> ab�ve wi�hin ��days of the gAving of n��ice.
<br /> I�a�ard or Property Insurance. Borrower sha�I keep�he i�rnprovements nti�v exis��ng or hereafter erected�n the
<br /> Praperty insured against lass�by f�re,hazards��n�luded within the�erm"extended coverag�" and any other hazards,
<br /> �nC�uding flaods �r f�ooding, for v►�hich Lende�r requ�res rnsurance. This �nsuran�e sha1� be maintained in �he
<br /> arnounts and f�r�he p�riods�hat Lender requires.The insuran�e carrier pr��id�ng the insurance sha�l�e�has�n by
<br /> Borr�wer subj ec� to Lender's appraval wh�ch sha1� no� be unreas�nably wi�hheld. If Barrov�er fa�ls ta �na�ntain
<br /> �o�verage descr�bed abflve, Lend�r may, at Lender's �p�i�n, abtain c��erage to pra�ect Lender's r�ghts �n the
<br /> Pr�perty�n accordan��with section t���ed Pr�tect�vn af Lender's I�ights in th�Propert�.
<br /> AI1 insurance policies and renewals sha�1 be acceptable to Lender and sha1� �nclude a s�andard rnor�gage c�ause.
<br /> Lender shal�ha�e�he r�gh��o ho�d the pol�c�es and ren�wa�s. �f Lender requires, B�rr�wer shall prompt�y gi�e to
<br /> Lender al�receipts af paid premiums and renewa� no���es. �n the event af 1oss, Borr�wer shall gi�e pr�mp�notice
<br /> ta the�nsurance ca�r�er and Lender.Lender may make proof of I�ss if not mad�pr�mptly by Borrower.
<br /> Iln�ess Lender and Barr�wer Q�herv�ise agree in wri�ing, znsurance prflce�ds sha1� be applied �o restarat�nn �r
<br /> repair �f�he Praper�y damaged, �f, in Lender's sole disCre�io�, the restora�i�n �r repair �s ecanomi�ally feasible
<br /> and Lender's security is no��essened. �f, in L�nder's sale d�screti�n, �he res�flra�i�n ar repa�r �s nfl� ec�nomica�ly
<br /> feasible ar Lender's s��urity vvould be�essened,�he insu�ance proceeds sha11�e applied�o the sums secured b��his
<br /> Securit� Ins�rumen�, whe�her vr not then due, with any excess paid to Borrower. If B�rrower abandans the
<br /> Proper�y, or daes no�ansv�er wi�hin the number�f days prescribed by Applicable Law as se�for�h in a notice from
<br /> Lender�o Borrower�at�he insurance carr�er has offered to settle a c�a�m,then Lender may callec�the insurance
<br /> proceeds. Lender may use th� proceeds �o repa�r or rest�re the Pr�perty �r to pay sums secured by�his Secur�ty
<br /> Ins�rumen�,whe�her or nat then due. T�e p�r�od of t�me f�r Barrawer��answ�r as se�for�h�n t�e no�ice�il�beg�n
<br /> v�hen�he notice is gi��n. .
<br /> Un�ess Lender an�Borrower othervvise agree in vvr-i��ng, any applica�i�n�f proceeds�a principal sha1�not extend
<br /> ar p�stp�ne�he due c�a�e of the payments due under�h� C�n�rac�ar cha�ng��he am�unt of the paymen�s. If under
<br /> th� section titled Acc�leration; Remedies, the �'r�perCy �s acquired by Lender, B�rrower's r�ght�o any insurance
<br /> p�licies and proceeds resul��ng fi om damage �� the Proper�y pri�r �o the acqu�sition shal� pass to Lender to �he
<br /> ex�en#of�he sums secured by�his Security�ns�ru�nent�mmed�ate�y pri�r t�the acquisition.
<br /> Preser�a�ion, Maintenance �nd Pra�ection �f the .�'roperty; �orrawer'� L�an Applicat�on; Leas�hol�s.
<br /> Bvrr�wer shall no�d�s�roy, damage or impair the Pr�perry, al��w the Pr�perty�o deteriorate, or commit v�as�e on
<br /> the Prtiper�y. B�rraWv�r shall be in default if any fQrfeiture ac��on or prflceeding,whe�her civil or crimina�,is begun
<br /> �hat in Lender's good fa��h judgment coulci r�sul� �n forfeiture of the Praperty or o�herwise ma�erially impair�he
<br /> �1�I7 crea�ed by this Security Instrumen� ar L�nder's securiiy in�eres�. Barrower may cure such a defau�� and
<br /> re�nstate, as pro��ded in sect�on��tled Borrvwer's Right ta Reinstate, by causing�he act�on or pr�ceed�ng�o be
<br /> dism�ssed with a rulin.g that, �n Lender's goo�faith de�er�n�na�i�ri,precludes forfeiture Qf�he Borrovver's interes�in
<br /> the Pr�per�y or o�her mater�a� impairment af the lien crea�ed by this Security �ns�rumen� or Lender's security
<br /> in�eres�.B�rrawer shall a�s�be in default if B�r�o�er,during the loan appl�ca��on prflGess,ga�e mater�a�ly false or
<br /> inaccurate �nformatian �r statements to Lender �or fa��ed �� pr���de Lender with any ma�erial inf�rmation� in
<br /> connec�i�n v�ith the loan e�iden�ed by�he Cantrac�. �f this S�curi�}r Ins�rumen� is on a�easehold, Borr�wer shall
<br /> Gomply wi�h a���he provisions of�he lease. �f B�rrawer acqu�res f�e t��le tfl the Properfiy,the leasehold and the fee
<br /> ti�le sha��n�t merge un�ess Lender agrees to the merger in wri�ing.
<br /> Protect�nn of L�nder'� Righ�s �x� the Proper�y. �f Borrower fai�s �a perf�rm �h� ca�enan�s and agree�nents
<br /> �on�ained in�his Security�ns�rumen�, ar��ere is a 1ega1 pro�e�d�ng�hat may signif�an�ly affect Lender's righ�s �n
<br /> the Pr�perty (such as a pra�eeding in bankruptcy, proba�e, f�r �andemnation ar farfeiture or to enfor�e laws ar
<br /> regulations}, the� L�nder ma� da and pay f�r whatever is ne�essary to pr�te�� �he �alue of the Property and
<br /> Lender's rights in the Propert�y. L�nder's acti�ns may inciude paying any sums secu�-ed by a��en which has pr�ority
<br /> over�his Security�ns�rumen�, appearing in c�ur�,�aying reasonabXe attarneys'f�es and entering on the Pr�perry to
<br /> make repairs.Al�houbh Lender may take ac�ian under�:�is sec�ion,Lender d�es no�ha�e��do so.
<br /> Any amounts disbursed by Lender under this se��i�n shall bec�rn�.e addi�ional debt af Borr�wer se�ured by this
<br /> Security �ns�rumen�. Un�ess.B�rr�wer and Lender agree �o o�her terms �f payment, these amoun�s sha�l bear
<br /> �n�eres� fram the dat� af disbursement at �he same ra�e assessed on ad�ances under the �on�ra�� and sha1� be
<br /> payab��,w��h interest,upon notice fram Lender to Barrower requesting payment.
<br /> Q 2��4-2�13 Complian�e 5}+stems,Inc.$EB3-dFdS-2�13L2.�.E1.712
<br /> Consumer Real Estate-5ecurity Instrument DL2036 Page 2 aF 5 wti�w.c�mpiiancesystems.cam
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