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��14��493
<br /> Appl�cab�e Lav►�. ,A.s used in this Securi�y Instrument, the ter�m "Appli�a�le Law" shail mean aII control�i.ng
<br /> app�icable federal, state and I�ca� s�a�u�es, re�u�atians, ord�nances and adm�nistra�i�e ru�es and orders ��hat ha�e
<br /> �he effect af law}as we�l as aIl appli�ab�e fnal,non-appea�ab�e�udicia�op�nions.
<br /> Charges, Liens. Barrovver shal� pay a�� �axes, assessmen�s, charges, fines and �mpos�tions a�tribu�able to the
<br /> Property which may at�ain priarity over�his Secur��y Ins�rumen�, and �easeho�d pay�ents o��round r�n�s, if any.
<br /> At the reques�of Lender, Borrower sha��pram�ptly furnish to Lender receipts ev�d�ncin�the paymen�s.
<br /> Borrower sha11 prom�ptly dischar�e any I�en which has pr�or��y o�er�his Secur�ty Zns�ru�nen�unless Bar�rflwer: �a}
<br /> a�rees �n �writi�g to the paymen� flf the �b��ga�i�n secured �y the Iien in a rnanner acceptabie t� Lender; �b�
<br /> cont�sts in bo�d fai�h the �xen by, or defends a�ainst enfar�ement of the �ien �n, ���al praceedin�s �vhich in the
<br /> Lender's opinion opera�e to preven� th� enfflr�emen� �f the l�en; �r �c} secures frolr� the halder �f�he lien an
<br /> agreement sa��sfac�ory ta Lender subord�natin��he lien to th�s Securi�y Instrument. If Lender determi�es that any
<br /> par� af�he ProperCy is subject ta a l��n wh��h may atta�n priori�y a�er th�s Se�uri�y Ins�rumen�, L�nder may �i�e
<br /> Bflrr�wer a nat�ce identifyxng the �zen. Borrower sha11 satisfy the �ien or take one or more af the ac�ions set for�h
<br /> aho��wi�hin ��days of�he�iv�n�of no�ice.
<br /> Hazard or Prop�rty Insurance. Borrower shall keep the impro�em�n�s n�w existin� or hereafter ere�ted on the
<br /> Proper�y �nsured agaznst loss by fre,ha�ards included within the�erm "extended�o�era�e" and any ot�er hazards,
<br /> including f���ds or flflfldin�, for which Lender requxres �nsuran�e. This insurance shal� be mainta�ned in �he
<br /> amounts and for�he peri�ds that Lender requires. The insurance carri�r pro�iding the �nsurance shali be chnsen by
<br /> Borrawer subj ect to Lender's approva� which sha�i not be un.reasanab�y withhe�d. If Borrower fails to ma�n�ain
<br /> co�era�e described abo�e, Lender may, a� Lender's op�ion, obta�n co�erage to protec� Lender's rights �n �he
<br /> Prope�-ty in accordance with sec�zon t���ed Pro��ctian a�'Lender's Rights�n�he Property.
<br /> Al� i.nsurance polici�s and renewa�s shall be acceptable �o Lend�r and shall in�iude a standard m�or��a�e c�ause.
<br /> Lender sha1l have the r��ht�a hold the polzcies and renewals. If Lender requires, Borrower shal� promptly give to
<br /> Lender a�l receip�s af paid premiums an� renevval na�i�es. In the e�en�of loss, Barr�wer sha�l �ive promp�notice
<br /> t�the znsurance carr�er and Lender. Lender may make proof of loss�f not tr�ade prompt]y by Borrower.
<br /> Unless L�n.der and Bor�rower o�herwise a��-ee in writin�, insurance proc�eds shal� be applied �fl res�oration ar
<br /> repair of the Property dama�ed, if, �n Lender's saie d�scre�ian, the restora�xon or repair is ecanom ical ly feasibie
<br /> and Lender's secur�ty is not �essened. If, in Lender's sole d��cret7on, the r�storat�on or repa�r is not e�onomical�y
<br /> feasib�e ar Lender's secur�ty wouid be lessened,the insurance proceeds sha�l b�applied ta the sums secured by this
<br /> Security �nstrumen�, whe�her or nnt then due, wi�h any ex�ess paid to Barrower. I f Borr�wer abandons the
<br /> Praper�y, or does not answer w��hzn the�umber af�.ays prescr�bed by Appiicable Lavv as se�far�h in a notice from
<br /> Lender�a Borrow�r that the insurance carrier has offered to settle a claim, then Lender may col�ect the insurance
<br /> prflceeds. Lender may use �he proceeds to r�pair ar res�ore th� Prope�-ty or t� pay sums secured by this Securi�y
<br /> �nstrument,whether or not then due. The�erx�d af�ime for Bo�rrower��ans�er as se�for�h in the notice���1 begin
<br /> when the no�ice�s�i�en.
<br /> Unless Lender and Barrower othervvise a�ree in wr�ting, any appiica��on of praceeds�a principal shali na� ex�end
<br /> or postpone th� due date of the paymen�s due under�he �ontract or chan�e �he amount of�he payments. If under
<br /> th� section t�tled Acce�erat�on; Remedies, �he Pra�erty �s a�quired by Lender, Borrower's right�a any �nsurance
<br /> pol�c�es and proceeds result�n� fram dama�e ta �he Property prxflr to �he ac�uisi�ion shall pass �o Lender �o �he
<br /> extent of th�sums secured by�his Security �nstrument�rnmedxa�ely prior ta�he acquisition.
<br /> Preser�ativn, Maintenance and Pra�ection of the Property; BorrovWer's Loan Applicati�n; Leasehalds.
<br /> Borr�wer sha��no�destroy, damage �r impair the Propertiy, allaw�he Property�o deteriarate, ar comm��waste an
<br /> the Property. Borrower sha�l b�xn defaul�if any forfe��ure ac�ion or proceed�n�,whe�h�r ci��I �r crimina�, �s be�un
<br /> tha�t �n Lender's �ood fa��h judgn�.ent cou�d resu�t �n forfei�ure of the Proper�y or atherwise �nater�a�ly �mpair�he
<br /> �zen crea�ed b}� �his Security Instrument ar Lenderts secur�ty in�erest. Borrower may cure such a d�fau�� and
<br /> reinsta�e, as pro�ided in sec�ion titl�d Borrower�s R�ght ta Reins�ate, by caus�n�the action or proceed�n��o be
<br /> dismissed w��h a ruli.n��hat, in Lender's�ood fai�h determination, precludes forfeiture of the Borrower's interest in
<br /> the Pr�perfiy ar other mater�ai �mpa�rment of�he l�en created by this Se�urity �ns�rument or Lender's securxty
<br /> inter�s�. B�rrower sha�� aiso be in defaul�xf Borrower, duriza��he loan applica�i�n pr�cess,�a�e mater��.�ly false or
<br /> inaccurate xnfarmat�on or s�a�emen�s �o Ler�de�- �or fai�ed �o pr���de Lender with any ma�erial ipforma�ion} in
<br /> cannec�ion v�ith the �oan eviden�ed hy �he Con�ract. If�his Secur�ty Instrum�nt is on a �easehoId, Barr�vver sha�l
<br /> compIy vWith a�l the pro�isions of�he Iease. �f Borrawer acquires fee title�a the Property,the �easeha�d and the fee
<br /> ���le sha�Z not mer�e unless Lender a�rees�o the merger in wri�in�.
<br /> Protec��an of Lender's R�ghts in �he Praperty. If Barrower fa�ls to perform �he co�enants and agreements
<br /> con�ained zn�his Security Ins�rument, or�here �s a���al proceed�n�that�nay sx�nxficantly affect Lend�r's ri�hts in
<br /> the Proper�y �such as a proceedin� in bankruptc�, prtiba�e, for cand�mna��an or forfeitur� or to enf4rce laws ar
<br /> re�u�at�on5�, then Lender may do and pay for whateuer is necessary �o pratec� the �alue of the Prflper�y and
<br /> Lender's ri�h�s in the Property. Lender's ac��ons may include payin�any sums secured by a Iien wh�ch has priori�y
<br /> aWer�his Security Instrum�nt, appearin�in�ourt, payin�reas�nable attorneys'fees and en�er�n�on�h� Property to
<br /> make repa�rs.Aithough Lender may take actx�n under�his sect�on,Lender daes not ha�e�o do so.
<br /> Any am�unts dzsbursed by Lender under �his sect�an shal� became addxtionai deb� of Borrower secured by �his
<br /> Security �nstrumen�. Unless Borrower and Lender agree �o other �erms of payment, these amounts sha�I bear
<br /> interes� frflm �he date of disbursement a� the same ra�e assess�d on ad�ances under the Cantrac� and shal� be
<br /> payable,w�th in�erest,upon notice fram Lender�o B�rr�wer reques�in�paymen�.
<br /> 0 2044-2a I3 Campliance 5ystems,Inc,8EB3-G5A5-2b 13L2.�.E 1,7�?
<br /> Consumer Real Estate-Secur��y Instrument DL2436 Page 2 vf 5 www.casnpliancesystems.�vm
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