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<br /> A ��cabiQ Law. As used in �his Security �ns�rument} �he ter�m "App�icab�e Lavv" sha11 mean a�� contrfllling
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<br /> applicab�e federa�, s�a�e and l�ca� s�atu�es, regula���ns, ordinances and adm�n�s�ra�i►ve rules and �rders �tha�ha�e
<br /> the�ffect af�aw�as we��as a�I applicable final,x�on-appea�able judi�ial�pin��ns.
<br /> �harges; L�ens. B�rr�v�er sha�1 pay al1 ta�es, assess�ents, charges, fines and impositions attribut�.bXe to the
<br /> Property which may a�tain pri�rity o�rer this Security �nstrument, and leasehold paymen�s ar ground rents, if any.
<br /> At the request�f Lend�r,Bflrr�wer shall prnmpt�y fur�r�is���Lender rece�pts evldencing�he paymen�s.
<br /> 11 rom t� dischar e an lien v�hich has ri�r�ty o�er this Security In�trument unless Sarrower: �a�
<br /> B orrower sha p p y g y �
<br /> agrees in writing to the payment �f�he �bligati�n secured by �he lien in a manner acceptable to Lender; tb�
<br /> c�ntests in go�d faith the �ie� by, �r defends against enfor�ement �f the lien xn, legal proceedings v�hich in the
<br /> Lender's opinion �pera�e to prevent the enfor�emen� af the lien; or �c� secures fr�m �he holder of�he ��en an
<br /> agreement sa�isfac�ory��Lender sub�rd�nating�he �ien t�this Security�nstrument. If Lender de�ermines tha�any
<br /> part of�he Property is subject ta a l�en which ma� at�ain pr��rity �ver��h�s Se�urity �nstruxnen�, Lender m.ay give
<br /> BQrrower a notice iden�ify�ng the lien. Borror�ver s�aa�� satisfy�he l�en or take �n� �r mflre flf�he ac�i�ns set for�h
<br /> abfl�e v�ithin I�days of the giving of notice. .
<br /> Hazard �r Pro ert Insuranc�. B�rrower shal�keep the improvements now ex�sting or hereafter�re�ted on the
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<br /> Property insured against I�ss by fire;hazards inc�ud�d wi�hin�he term"extended coverage" and any�ther hazards,
<br /> inc�uding floods or �foading, f�r vvhich Lender requires �nsurance. Th1s �nsuran�e shall �e mainta�ned in �he
<br /> amoun�s and for the periods�hat L�nder requires.The insurance�arrler providing the insurance sha�l be chosen hy
<br /> Borrawer sub�ec� to Lender's appr��al which sha�I nQ� be unreasanab�y �vi�hheld. If Borrov�er fails to main�ain.
<br /> �overage described above, Lender may, a� Lender's option, o�bta�n co�erage �o pratect Lender's righ�s in the
<br /> PrQper�y in accordan�e v►li�h section�itled Pr�tectian of Lender's Rights in the Prnperty.
<br /> A1� insurance pali�ies and renevvals shal� be a�ceptable ta Lender and sha�l include a s�andard n�or�gage c�ause.
<br /> Lender sha�I have�he right tQ hold�he palicies and rerie�vals. �f Lender requ�res, Borra�er sha�l pramp�ly gi�e ta
<br /> Lender a�l receipts ��paid premiurns and renevva�natices. In th�e�ent�f loss, B�rro�nrer shall gi�e pramp�no�i�e
<br /> t�the�nsurance carri�r and Lender. Lender may ma�e prflof af�oss if not made pr�mpt�y b�Borr��er.
<br /> Unless Lender and Barrower otherwise agree �n writing, �nsurance pr�ceeds sha1� be applied t� restora�ion or
<br /> repair of�the Proper�y damaged, if, �n Lender's sole discre�i�n, the restora�ifln flr repa�r �s ec�nomica�ly feas�ble
<br /> and Lender's security is n�t lessened. If, in C�ender's sole discretion, �he r�s��rat�on or repa�r is no� ec�nom�cally
<br /> feasib�e or Lender's security vvould be�essen�d,�he insurance proceeds shall be applied���he sums secured by this
<br /> Security Instrument, whether or not �hen due, vv��h any excess pa�d �a Borrower. �f Borr�vver abandons �he
<br /> Property, or does n�t ansv�rer v�ithin�he number flf days pres�r�bed by App�icabl�Lavv as set f�rth�n a nfltice fro�n
<br /> Lender�a Borrav�er�ha��he insurance �arrier has�ffered�fl set��e a claim, then Lender may c��l�ct�he �nsurance
<br /> pr��eeds. Lender m�.y use �he pr�ceeds to repair �r restare �he Pr�pert� or ta pay sums secured by th�s Security
<br /> �nstrumen�c,whe�her or n�t�hen due.The period�f�irne f�r Borrower��ans�ver as set for�h in the notic�wi�l hegin
<br /> when the notice�s gio�en. .
<br /> Unless Lender and��rrower otherwise agree in writing, any app�ication of prQceeds�o principal shal�nflt ex�end
<br /> or postpone the due date of the payments d�e under the �ontrac�or change the arn�unt af�he payments. If under
<br /> �he se��i�n�itled Ac�elerat�on; Remedies, �he Pr�perty is acquired�y Lender, BorrQwer's righ�ta any �nsu�'ance
<br /> polic�e� and proceeds resu�ting from damage ta �he Property pr�or to �he acquisi�zon sha�l pass to Lender �� the
<br /> extent of the sums secured by�his S�curifiy Instrument imm�dia�ely pr�or ta the acquisi�ifln.
<br /> Preser�at�on, Mair�tenance and Protection �f the property; Borr�wer's Loan A�plication; Leas�holds.
<br /> Borrower shalX not destroy, damage or impair�he Praperty, a��ov�the Pr�perty�� deter�ora�e, �r commi�was�e on
<br /> the Pr�per�.B�rr�wer shall be in default if an�f�rfeiture ac��an or pr�ceed�ng,v�rhe�h�r ci�i�or crim�nal,is begun
<br /> tha� �n Lender's goad fa��h judgment cvuld resu�t �� forfeiture af the Property flr fltherwise mater�a�ly ��npair the
<br /> l�en crea�ed by this Se�urity �nstrumen� or Lend�r's security �nteres�. Borro�ver ma� �ure such a default and
<br /> reinstate, as prov�ded in sectia� ��tled 13orrower's Right ta Reinstate, by causing�he ac��on or pr�ceeding�o be
<br /> d�smissed wi�h a rul�ng that, �n Lender's g��d faith determination,pre�ludes forfexture af�he Borrovver's in�eres��n
<br /> �he Proper�y �r ather material �rnpairmen� of the Iien cr�ated by �his Security �nstr�ument flr Lender's security
<br /> �nterest.Borro�ver sha11 alsa be in default�f�3orr�wer,dur�ng the laan appl�cat�an process,gave mater�a�ly fa�se or
<br /> inaccurate �nforma�i�n or s�atemen�s �fl Lende� �or fa�led �o pravide Lender wi�h any ma�er�al information� in
<br /> conne�ti�n w�th th� �oan e�idenced by�he �ontrac�. �f�his Securi�Ins�rumen� is on a leaseho�d, Borrower shal�
<br /> comply w�th all�he provis�ons af the Xease.�f��rrower acquires fee t��le ta�he PrQpert�y,the l�asehold and the fee
<br /> �i��e shaX�na�merge unless Lender agrees t�the merger xn v�ri��ng.
<br /> Pra�tec�ion of �ender's Rights in the Pr�perty. If Borr�wer fails ta .perfarrn the co�enan�s and agreemen�s
<br /> c�nta�ned in this Security�nstrumen�, or�here is a lega�proceeding�hat may significan�ly affec�Lender's r�ghts �n
<br /> �he Propert�y �such as a proceeding �n bankruptcy, pr��ate, for conde-mnat��n �r forfei�ure or �o enfor�e lavvs or
<br /> regu�a�ions�, then L�nder may do and �ay far v�ha�e�er �s necessary to pro�ect the value of�he �'roperty and
<br /> Lender's rights in the Proper�y. Lender's a�ti�ns may include pa�ing any sums secured by a lien wh�ch has pr�arity
<br /> o�er�his Se�urity�ns�rument, appearing in cour�,pay�ng reasonabie attorneys'fees and en�ering�n�he Pr�perry��
<br /> make r�pa�rs.Al�hough Lender ma��ake actian u�der�his sect�on,Lender does no�ha�e to do sa.
<br /> Any amoun�s di�bursed by Lender under #his sec�ion sha�l bec�me additiona� d�bt of B�rrovver secured by this
<br /> Security �nstrument. Unless Borro�ver and Lender agree to other �erms of payment, thes� amounts sha11 bear
<br /> interes� fr�m. �he date of d�sbursemen� at the sa�ne rate assessed on advan�es under the Contract and shal� �be
<br /> payable,with in�erest,up�n n�tice fram Lender ta��rrower r�questing paymen�.
<br /> C�20Q4-2013 CampEiar�ce Systems,Inc.SEB3-9A5C-2b 13L2.O.E 1.712
<br /> Cons�xmer Rea3 Estate-5ecurity�nstn.Fment DLZ436 Page 2 af 5 � www.cvmp�iancesysteans.cQrn
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