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��14��557
<br /> Appl�ca�le Law. As used �n �h�s Securi�y �nstrumen�7 the term "Applicable Law" sha�l mean aii contro��in�
<br /> app�icable f�derai, s�a�e and iflcal sta�utes, r�gulations, ordinances and adm�n�s�ra�ive ru�es and orde�s ��hat ha�e
<br /> the effect of lav�}as we11 as a�l applicable�inal,noza-appea�ab�e judicia�npinions.
<br /> Charges; Liens. Borrower shai� pay a�l taxes, assessrnen�s, char�es, f nes and impasitians at�ributabie ta the
<br /> Property whi�h may at�ain priorxt� over this Securi�y �nstrument, and �easehold payments or�round rents, �f any.
<br /> At the request af Lender, Bflrrower shal�promptly furnish�n Lender receipts e�idencin��he paymen�s.
<br /> Borr�vver sha�� prnmptly d�scharge any �ien wh�ch�as prior��y oWer�h�s Securi�ty �nstrumen� un�ess B�rrower: �a�
<br /> a�rees �n writxn� �o the payment �f the obligatxon secured by �he 1 ien �n a manne�r a�cepta�le t� Lender; �b}
<br /> can�ests in bood faith the lien by, or defends�against enftircemen� af�he l�en in, �ega� proceedings which �n the
<br /> Lender's opxn�on ��era�e to preven� the enf�rcemten-� of�he lien; ar �c} secures from �he holder of the lien an
<br /> a�reement sa�isfact�ry ta Lender subordina�in��he li�n to this Securi�y Ins�rument. If Lender de�ermines that any
<br /> par� of the Property is subject�o a lien which may a�tain pr�ori�y a�er this Securi�y Instrumen�, Lender �may ���e
<br /> Borrawer a notxce identifyin�the l�en. Barrow�r sha�l satisfy the l ien or take one ar more of the ac�ions se� for�h
<br /> above Wvi�hin ��days of�he��ving of no�ice.
<br /> Hazard ar Proper�y �nsurance. Borrower sha11 keep the impraven�ents now exis��n� or hereafter erec�ed on the
<br /> Proper�y insured against�oss by fre, ha2axds inc�uded w��h in the term "extended co�era�e't and any at�zer hazards,
<br /> includ�n� floods or floodin�, f�r which L�nder requ�res insurance. This �nsurance shall be ma�n��ined in the
<br /> amounts and for�he periods that Lender requires. The insuran�e carrier pro��din�the insurance shal� be chasen by
<br /> Borr�wer subjec� �o Lender's apprava� whi�h shal� not be unreasonab�y wi�hhe�d. �f Borrower fa�ls �o main�ain
<br /> coWera�e descr�bed abo�e, Lender may, at Lender's op�ion, obtain coverage to protect Lender's ri�h�s in th�
<br /> Property�n accordance w�th secti�n ti�Ied Pro�ection of Lender's Ribh�s xn the Proper�y.
<br /> A�l �nsurance po��cies and renewals shall be acceptable tn Lender a��d shal� �nc�ude a standard mor��a�e clause.
<br /> Lender shal�have the ri�h�to hold the pol�c�es a�.d renewa�s. If Lender re�u�res, B�rrower shaIl pr�mp�Iy �ive to
<br /> Lender alI receip�s of paid premiums and renewal rioti�es. In the e�ent af I�ss, Barrower shall �i�e prompt no�ice
<br /> to�he �nsurance carrier and Lender. Lender may make proof af�oss if no�made pr�mptly by B�rrower.
<br /> t]nless Lender and B�rrower otherwise a�ree in wr�tin�, �nsurance proc�eds sha]1 be app�ied �o �estoration �r
<br /> repa�r af the Proper�y damaged, if, in Lender's so�e drscret�on, the �-estorat�an ar repai.r �s econ�mical�y feas�ble
<br /> and Lender's securi�y is n�t ��ssened. �f, �n Lender's s�le discre��on, the res��ra�ion or repair is not ec�namica�ly
<br /> feasible�r Lender's secur��:y would�e lessened,the insuran�e proceeds sha��he appl�ed to the sums secured by�his
<br /> Security �nstrument, whether or no� �hen due, vvith any excess paid �a Bnrrovver. If Bor�ovver a�andons the
<br /> Praperty, or does na�answer v�ithin the number of days presc��bed by Applicable Lavv as set farth in a no�zce from
<br /> Lender to Borrower tha�the �nsurance car�-i�r has �ffered to set�le a claim, then Lender may co�iec�the �nsurance
<br /> proceeds. Lender may use the proceeds t� repa�r or restore the Praperry or to pay sums secured by t�is Se�urity
<br /> Instrument,v�he�h�r or no��hen�ue. The period of�ime for�orrower�o ansvver�s set for�h in th�r�a�ice wi�I be�in
<br /> when the na�ice is�iven.
<br /> Unless Lender and Borro�er atherwise a�ree �n writ�ng, any applica��Qn of proceeds to principa� sha�l na��xtend
<br /> �r pos�pflne the due date of�he paymen�s du� und�r the Contract ar chan�e �he amoun��f the payments. If under
<br /> �he section ����ed Ac�e�eration; R�medies, �he Praper� is acquired by Lender, B�rr�wer's ri�h��o any insurance
<br /> po�iczes and praceeds resu�tin� from dama�e to �he Propert� pr�or ta �he acqu�s�tion shall pass �o L�nder �o th�
<br /> �xten�of�he sums secured b}��his Securi�y Inst�rument�mmedia�ely pri�r to�he acquisition.
<br /> Preserva��on, Ma�r�t�nance and Prfl�ect��n ❑f the Praperty; Borrower's Loan App��cation; Leasehvids.
<br /> B�rrower shall n�t destroy, dama�e or impair�he Proper�y, al�ow�h� Proper�y�o de�e�iora�e, or cornmit was�e �n
<br /> t�e Proper�y. Borrower sha�l be in defau��if any f�rfe��ure ac�ion or pr�ceedin�,whe�her ci�il or crim�na�, is be�un
<br /> �hat zn Lender's �oad faith judgment cou�d result �n forfei�ur� af the Propez-�y or a�herwise ma�er�a�ly impa�r �he
<br /> 1�en created by �his Security �ns�rume�t or Le�der's security in�erest. Borrawer may cure such a defau�� and
<br /> reinstate, as provided in sec�i�n tit�ed Borrower's R�ght t� Re�ns�ate, by causin�the action �r proceedin�to be
<br /> dis��issed wi�h a ruli.n�that, in Lender's�ood faith determinatian, prec�udes fo�feiture of t�e Barrower's in�erest �n
<br /> the Praper�y or ather material itr�pairment of�he �ien crea�ed by this Security �nstru�nent or Lender's securi�y
<br /> �nteres�. Borrower shal� also be in default if E3orrflwer,durin�the �oan app�icat�on process,�ave mater�a��y faise or
<br /> inaccurate �nforn�at�on ar statemen�s ta Lender �or failed to pra�ide Lender vvith any material infa�-mation� in
<br /> c�nnectian wi�h the I�an e��denced by the Contract. �f this Securifiy Ins�rument is on a IeasehoId, Borrov�er sha�l
<br /> comply wi�h a��the provis�ons of th� �ease. If Borravver acquires fee���le to the Property,the Ieaseho�d and th�fee
<br /> title shal�not mer�e un�ess Lende�r a�rees�a�he mer�er�n writin�.
<br /> Protectitin of Lender's Righ�s �� �he Pr�perty. �f B�rrower fails to perform �he coWenants and �.�re�ments
<br /> con�ained in�his Securit� Instrumen�, ar�here is a le�al proceedin�that may si�nifican�ly affect Lender's ri�h�s in
<br /> the Property �such as a proceed�ng in bax�krup�cy, probatie, far c�nde�nnation �r forfei�ure ar t� enforce �aws or
<br /> regulat�ons�, then Lender may do and pay for whatever �s necessazy to pro�ect the value of the Property and
<br /> Lender's ribhts in�he Prapert�. Lender's actions may inc�ude payin�any sums secured by a�ien which has prior��y
<br /> o�er�his Se�urity Instrumen�, appearing� c�urt,payin�reasonable attarneys'fees and en�erin�on�he Prop�rty t�
<br /> make repairs.A��h�ugh L�nder may�ake ac�ian und�r this sect�on, Lender does n�t ha�e�o do so.
<br /> Any am.ounts d�sbursed by Lender under �his s�ction shal� become additional debt of Borrower secured by �his
<br /> Se�urity �nstrument. Unless Borrovver and Lender agree �o o�her terms of payment, these amounts sha�l bear
<br /> interest from the dat� of disbursement at the same rate assessed an ad�ances under the Can�rac� and shal� be
<br /> payabie,v�ith xn�erest,upon notice from Lender�o Borrawer reques�in�paymen�.
<br /> C�2��4-Z�I 3 Campliance Systerrxs,inc.8EB3-�,i A�-20�3LZ.O,E 1,7l 2
<br /> Consumer Real Estate-Security I�strument DL2�;G Pa�e 2 vf 5 www.compiiancesystems.cor�i
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