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. ��14��757
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<br /> Applicable. Law. As used �n �his Security Tnstru�ment, the �erm "Applicable Law" shall mean alI contr��ling
<br /> app�i�able federal, s�a�e an� Ioca� s�a�utes, regulations, ordinances and adn��nistrati�e rules and orders �tha�ha�e
<br /> �he effect of lavv}as�ve11 as�.11 appx�cable fina�,non-a�pealable jud�cial op�n��ns.
<br /> Charges; Liens. Borr��ver sha�l pay al� �axes, assessments, charges, fines and imp�siti�ns at�ribu�able t� the
<br /> Prop�rty vsrhich may attain pri�r��y aver this Security�ns�rument, and�easeh�ld pay�men�s or ground rents, if any.
<br /> A�the re�uest�f Lender,Barr�vver.shal�pramp��y furnish�o Lender receip�s evidencing�he paymen�s.
<br /> Borrower shall promptly d�scharge any �zen which has pri�r�ty over�h�s S�cu.rity �nstrument unl�ss Borrovver: (a�
<br /> agrees in wri�ing ta the payment of the abliga��on secured by the I�en �n a manner acCep�able to Lender; �b�
<br /> contes�s �n good faith �he lien by, or defends against enfor�ement �f�he �ien �n, legal pro�eedings which in the
<br /> Lender's opini�n operate �o prevent �he enfor�en-�.en� �f�he.l�en; ar �c� se�ures fr�m �he ho�der �f�he �ien an
<br /> agreernen�satisfactor�r�� Lender su�ordinating�he Iien�� �h�s Se�urity�nstru�ment. �f Lender determxnes�hat any
<br /> par�of the Property is subject�� a lien �hich m.ay a�tain priori�y ��er'this Securi�y Ins�rument, L�nder ma�gi�e
<br /> B�rrower a no��ce id�ntify�ng t�e. 1ien. Borrower sha11 sa�isfy�he Iien or take one �r more �f the ac��ons set for�h
<br /> abo�e v��thin 1�days�f the giving�f natice.
<br /> Hazard or Property Insurance. Borr�wer shall keep�he impr�vements now e�is�ing or her�after erected on the
<br /> Proper�y�nsured aga�nst loss by f�re,hazards�ncluded vw}thin the te�m "extended co�erage"and any other ha2ards,
<br /> �ncluding floods ar f�oodirng, for �nrhi�h Lender requires insurance. This �nsuran�e shal� be maxntained in the
<br /> an��un�s and far the periads�ha�Lender requires. The insurance carrier prvvid�ng�he insurance shall be ch�s�n by
<br /> �orr�wer su�ject t� Lender'� appro�a� which sha11 xaot be unreas�nab�ly v�i�hheld. �f Borrawer fails �o maintain
<br /> c��erage described abo�e, Le�der ma�, at Lender's aption, �btain co�erage ta pro�ec� Lender's righ�s �n the
<br /> Proper�y in accordance w��h s�ct��n�itled Pr��ectiori of Lender's Rights�n the�roperty.
<br /> A1� insurance policies and xenevva�s shall be accepta�b�e �Q Lender and;shall include a s�andard mortgage clause.
<br /> Lender shaXl have�he r�ght��hold the pol�cies an�renewa�s. If Lender requires, Borrower sha�I pronnp��y give to
<br /> Lender a�l receipts af pa��d premiums and renevvai no��ces. �n�he event.of loss, Borr�wer shal�g�ve prumpt r���ice
<br /> �o the�nsurance carri�r and L�nder.Lender�n.a�make pr��f�f�oss if n��made promptly by Borrower.
<br /> Unless Lend�r and �orrov�rer o�herwise agree i� �ur�ting, insuran�e ��-o�eeds shall be applied to res��ra��on �r
<br /> repair of the Proper�y damaged, zf, in Lender's s�Ie discretion, �he restoration or repair is ec�nami�a�ly feas�ble
<br /> and Lender's securit}� is no� lessened. �f, in Lender's sole d�scr�tian, the rest�ra�ion ar repair �s no� economica�ly
<br /> feasib�e or Lender's security wau�d be lessened,the insu�-arice proceeds shall be applied to the sums secured b�th�s
<br /> Se�ur��y �nstrument, whether or not then due, with any e�cess paid �o Bt�rrflvv�r. �f B�rrower abandons the
<br /> Property,or does not answer�ithin�he number flf days prescribed by App�icab�e Law as s��far�h�n a nat�ce fr�m
<br /> Lender�o Borrov�er t�a��he insurance carrier has affered�� set��e a�laim, then Lender ma�col�ec��he insuranGe
<br /> pr�ceeds. Lender may use �he proceeds�o repair or res��re �he Property �r to pa� sums secured by th�s Security
<br /> �ns�rument,whether ar nat then due.The per�od of time f�r Borr�wer t�:ansv��r as set f�r�h in the n�t�ce wi11 beg�n
<br /> �vhen th�notice is gi�en. � '
<br /> Un�ess Lender and B�rrow�r��hervvise agree in�vr���ng, any ap�l�cat�on of proce�ds to principal shal�no�ex��nd
<br /> ar pos�pone�he due da�e of�he paymen�s due under the Contrac�ar change the amaunt of�he payments. If under
<br /> �he sect�on t���ed Ac�e�Qrativn; Remed�es, �he Property is acquired by L�nder, Barrawer's righ��o an�insu.rance
<br /> pnl�cies and proceeds resu�ting from damage �o the Propert�y prior to the acqu�s���on sha11 pass to Lender to the
<br /> e�ten�of�he sums secured�ry this Security�ns�rumen�ir�mediately prz��r#��he acqu�sitron.
<br /> Pr�ser�ation, Maintenance and Prutecfiion of the Property; Borrower's Laan Ap�lication; Leaseholds.
<br /> BQrr�wer sha�l not des�r�y, damage ar�mpair�he Property, al�ow the Pr�p�rfiy�o de�eriora�e, or camm��vvaste o�
<br /> the Prop�r�y.Borrawer shall be�n defaul�if any f�rfeiture a���fln or proceeding,vvhether c�vi1 or crimina�, is begun
<br /> �hat in L�nder`s gaod faith�udgment cou�d result in f�rfe��ure �f�he �r�per�y or�therwise mater�a�ly irnpair�he
<br /> �ien crea�ed by �his S�curity �nstrument or Lende�'s se�ur�ty interes�. Borrower may cure �u�h a defaul� and
<br /> reinstate, as provided i.n section���Ied Borrov�er�s R�ght to Re�nstate, by caus�ng the actian�r pr�ceeding ta be
<br /> d�smissed wi��a ruX��g�hat, �n Lender's�ood faith deterrn�na��on,precludes forfeiture of�he Borrower's interes��n
<br /> the Praper�y �r o�her mate�ial impa�rment of the lien creat�d by �his Se�urity �nstrument or Lender's securi�y
<br /> �nterest. Borrower sha�l alsa be in d�fault if Barrowe�-,dur�ng the laan applicati�n process,gave ma�erially fa�se or
<br /> �naccura�e �nfor�na�ion �r ���temer�ts �� Lender �or failed t� pro�r��e Lender �uith any mater�al informa���n} in
<br /> �onnection w��h�he l�an eti�idenced by the �un�ract. I�f this Securi�y Instrument is on a leasehold, Borr��ver shall
<br /> comply wa�h al��he prov�si�ns of�he lease. �f Borrov�er acquires fee�itle t�the Proper�,the�easeh��d and th�fee
<br /> ti�le shall no�merge unless Lender agrees to the merger in writing.
<br /> Prote�t�on af Lender's Righ�s i� the Propea-ty. �f Borrow�r fails �a perfarm �he c��enants and agr��n�ents
<br /> cantained in�his Secur��y���strum.ent, or there �s a legal proceeding that ma�s�gn�f�can�ly affect Lender's righ�s in
<br /> the Property �such as a praceed�ng in bankrup���, �r�ba�e, f�r c�ndemnat�on �r forfei�ure or t� enforce �av�s or
<br /> regula�ians�, then Len�er may do and pay for wha�e�rer �s ne�essary t� pro�ec� the va1u� of the Praperty and
<br /> Lender's righ�s in�he Properry. Lender's ac�ions may�n�lude pay�ng any sums secured by a��en�hich has p1�ority
<br /> o�er�his Se�urit���ns�rumen�, appear�ng�n c�urt,pay�ng reasonable at�or�eys'fees and en�ering on�he Pr�perty to
<br /> make repairs.Although Lender may�ake a�ti�n under�his sect�on,Lender does not ha�e�o do so.
<br /> Any amoun�s disbursed by Lender under this s�c�ion sha�l �ecome additi�na� debt of B�rrovt�er secured by �h�s
<br /> Securi�y �nstrument. Unl�ss B�rr��er and Lender agree �o other terms of paymen�, �hese amounts shall bear
<br /> interes� from the da�� of disbursement at �he same rate assessed on ad�ances und�r �he ��ntrac��and shall be
<br /> payab�e,vv�th interes�,upon n�tice fram Lender to Borro�ver reques�ing payment.
<br /> �2004-24i 3 Com��ia��e Systems,Inc,9�'96-FEZC-2�I3L2.a.721
<br /> C�ns�rner Reai Estate-Security Instnirr�ent pL2D36 Pa�e 2 af S www.�ampliancesystems.�arn
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