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� ��14���77
<br /> App�i�ab�e Law. As used in �his Se�urity �ns�rument, �he term "Applicab�e Law" shall mean a�I control��ng
<br /> app�icable federal, state and local statu�es, re�uiations, �rdinanc�s and admini�trati�e ru�es and �rders ��hat have
<br /> th�effect of 1aw�as we�l as aI�applicab�e fina�,n�n-appealab�e judicial opinzons.
<br /> Charges; Liens. Barrawer shall pay a�l taxes, assessmen�s, charges, fines and imposit�ons at�ribu�able to the
<br /> Pr�per�ty v�h�ch may attaxn priority over this Se�urity �nstrument, and leasehald pay�nen�s ar�round ren�s, if any.
<br /> At the reyuest�f Lender, Borro�ver sha�l pramp�ly furx�.�sh to Lend�r receipts e��dencin�the payments.
<br /> Borrawer shall promptly dischar�e any lien which has priority flver th�s Security Ins�rumen�unless Bnr�-�wer: �a�
<br /> a�rees in writin� ta the payment flf the �blr�awion secur�d by �he Ii�n �n a manner acc�p�ab�e to Lend��r; �b�
<br /> con�es�s in good fa�t� the lien by, or defends a�a�nst enforcement of�he lien xn, �e�al proceed�n�s wh�ch �n �he
<br /> Lender's ap�nxon operate to prevent the enfflrcement of�he lien; ar �c� secures from �he ha�der of�he Iien an
<br /> agree��nt satisfac�ory to Lend�r subordinatzn��he I�en to this Securi�y Ins�rumen�. If Lender de�ermines that any
<br /> par� �f�he Property �s subj ect�o a Iien which may at�ain pr�ority over ��is Security �nstru�nen�, Lender may ���e
<br /> Bflrrower a no�ice iden��fy�n��he �ien. Barrawer shall satisfy the Iien or take one or more of�he actians set for�h
<br /> ab��e within I fl days of the�i�in�of natice.
<br /> Ha�ard or Property Ynsurance. Borrower shali keep the �mp�oWements no�v e�.istin� or hereafter erec�ed on the
<br /> Prapert� in�ured a�a�.nst Ioss by fre,hazards �nc�uded within�he term "extended ca�era�e" and any flth�r hazards,
<br /> �nclud�n� floods or f�oadin�, far which Lender requires �nsurance. This �nsurance shal� be ma�n�ained in the
<br /> amoun�s and for the per��ds tha�Lender requ�res. The ixa.suranc�carrier pro�idirn��h� �nsurance sha�l be chosen by
<br /> Borrower sub�e�t �Q L�nder's apprfl�ai v�hich shall na� be unreasonably vvi�hheld. �f B�rrower fails to ma�n�ain
<br /> ca�erage descr��ed aba�e, Le�der may, at Lender's option, obtain co�era�e to pro�e�t Lender's ��ghts in the
<br /> Praperty in accordance w�th sec�ion t�t�ed Protec��on af Lender's R�gh�s�n the Proper�y.
<br /> A�l insuranc� po��cies and renewa�s shail be acceptable to Lender and shall include a standard mflrt�a�e c�ause.
<br /> Lender shall have�he rzght�a ho�d the pol�cies and renewa�s. �f Lender��eyu�res, B�rxawer shall pr�mp�ly gi�e ta
<br /> Lender a�l receipts of paid premiurr�s and renewal n�tices. �n the ever�t of loss, Borrower s�all �ive prampt notice
<br /> tfl the insurance carrier and Lend�r.Lender�nay make pranf af loss zf not made pramptly by Borravver.
<br /> Un�ess Lender and B�rrawer othervv�se agr�e in writinb, insurar�ce pro�eeds shal� be applied �a restora��an or
<br /> repair of�he Praperty dan�a�ed, �f, �n Lender's sole d�scret�on, the restora��on or repair is economically feasib�e
<br /> and Lender's security is nat lessened. If, in Lender's sole dzscre�ion, �he res�ora�ion or repair is not ec�namica�ly
<br /> feasibie or Lender's s�cur�ty wou�d be Iessened,the�nsurance pr�ceeds shall b�appl�ed�a the sums secur�d by xhis
<br /> Secur�ty Instrument, whe�her ar not then due, wi�h any excess paid to Borrawer. if Bflrrawer abandons the
<br /> Pr�p�r�y, or daes not answer withxn the number of days prescribed by Appiicable Law as se�for�h in a notice from
<br /> Lender to Borrovver that the insurance carrier has offered to set�le a c�aim, �hen L�nder may c��lec�the insurance
<br /> proceeds. Lender may use th� proceeds to repair ar restor� the Proper�y or to pay sums secured by this Security
<br /> I�s�rument,whether or not th�n due. The per�4d of�ime f�r Borrower to answer as se�for�h in the no�ice vv�i]beg�n
<br /> wh�n the n�t�ce is�x�en.
<br /> Unless Lender and Borrower oth�rvvise a�ree in vvt-�tin�, any appl��atron of p�roceeds to principal sha�l no�extend
<br /> or pastpone the due dat� of the paymen�s due under the �ont�ac�or chan�e the am�un� of the payments. If under
<br /> the section tYtled Acce�eration; Remedies, �he Proper�y is aCqu�red by Lender, Borrower's ri�h�to any insurance
<br /> po�i�ies and proceeds result�ng firom dam.a�e �o the Property pr�or to the ac�uisition shal� pass �fl Lender tn the
<br /> ex�ent nf the�ums secured by th�s Securi�y Instrument�mmedia�e�y prior�o�he acauisitia�.
<br /> Preser�at�on, Ma�nt�nance and Protec�ion of �he Property; Borrawer's Laan Applicatian; Leaseho�ds.
<br /> Borr�wer shal� not destroy, damage �r�mpair the Property, allow�he Proper�y�o de�erio�rate, or commit was�e on
<br /> th� Praper�y. Borrow�r shall be �n defautt if any forfeiture action or pro�e�din�,whe�her ci��l or cri�n�nal, is be�un
<br /> tha� in Lender's ��od faith j ud�ment cou�d resu�t in forfeiture af�he Praper�y or othervvise material iy i�npa�r the
<br /> �ien created by �his Security Instrument �r L�nder's se�urity i�terest. Borrawer may cure such a d�fau�� and
<br /> reinstate, as pro�ided �n se�t�on titled Borrower's Righ� to Reins�a�e, by caus�ng the a��i�n ar proc�edin�tfl be
<br /> d�sm�ssed with a ruiin��hat, �n Lender's��od fai�h determ��nati�n,preeludes forfeiture of�he Borrowe�r's �nterest in
<br /> th� Property o� other mater�al �mpairment of the lien created by �his Security Instru.men� or Lender's securi�y
<br /> interes�. Borrower sha�� als�be in default�f Barraw�r,durin��he Ioan applicati�n process,�a�e ma�er�ally false or
<br /> �naccurate informa�ian or stateme�ts to Lender �ar failed to pra�zde Lender vv��h any ma�erial informa�ion} �n
<br /> connect�an w�th the ��an e�ridenced by the Contract. If�his Secur�ty Inst�rumen� is on a �easehold, Barrower shal�
<br /> camply with a�l�he pr���sians of�he lease. If Borrower acqu�r�s fee�it�e ta the Proper�y,the leasehold and the fe�
<br /> tit�e shall not n�erbe unless Lender a�rees t��he merger�n wr��ing.
<br /> Prot��tian of Lender's Ribh�s i� the Prope�-t�. If B�rrov�er fails to perform the �o�enan�s and a�reements
<br /> con�ained in�his Security Instrum�ent, �r there �s a le�al proceeding tha�nr�ay si�nif cant�y affect Lender's righ�s in
<br /> �he Proper�y �such as a proceedin� in bankrup�cy, proba�e, for candemna�ion or forfe�ture or tfl enforce Iavvs or
<br /> re�ulatzons}, �hen L�nder may do and pay for wha�e�ver is necessary �o pro�ect �he value af the Praperty and
<br /> Lender's ri�h�s in the Property. Lender's ac�ions ma�inc�ude pay�n�any sums secured by a l�en which has priori�y
<br /> �v�r this Security�ns�ru�ment, app�arin�in caur�,pay�n�reas�na�Ie atto�rneys'fees and enterin�an�he Proper�y��
<br /> �nake repairs.Although Lender may�ake action under�h�s sec�ion, Lender daes no�have�o d�so.
<br /> Any amounts disbursed by Lender under this se��ian shal i become add��ianal deb� af Borr�vve� secured by th is
<br /> Security �nstrument. Un�ess Borr�wer and Lender a�ree to o�her terms Qf pa�ment, �hese amaunts shal� bear
<br /> �nterest from the date of disbursexnent at the same rate assessed on ad�ances under the Contrac� and sha�l be
<br /> payable,wxth interest, up�n notice fram Lender to Barrarn�er requestin�payment.
<br /> O 2004-20�3 Con3pliance Systems,l�tc.$EB3-3��2-24l�L2.O.E 1.?1?
<br /> Consumer Real Estate-Security instrument DL2�3� Pa�e 2 QF 5 �vww.ca�npliancesystetns.co�n
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