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��14�3479
<br /> Appl�cable Law. As used in this Secur��y �ns�rument, �he �erm "Applicab�e Law" s�all mean a�i �ontrol�in�
<br /> appl�cable federal, state and local s�atu�es, regu�a��ons, ord�nances and administra��ve rules and flrders �that have
<br /> �he effec�of�aw}as we��as a1�applicab�e f na�,n�n-appealable j udicial opinions.
<br /> Charges; L�ens. B�rrower shall pay alI taxes, assessments, char�es, fines and ��mpos��ions attributabie �o t�e
<br /> Prap�rt�which may at�ain priority over thxs Se��xrity Instrument, and leas�ho�d payments or ground rents, �f any.
<br /> At the reyuest of Lender, Borrower shail prflmp��y furnish�� Lender receipts e�idencin��he pay�nents.
<br /> Barrnwer shaii promp��y d�schar�e any lien wh�ch has prior��y over this Secur�ty �nstrument unless Borrow�r: �a}
<br /> agrees �n vvritin� to the payznent of the obl��atxan secur�d by the l�en �r� a �nanner acceptable �� Lender; �b�
<br /> contes�s �n �ood fai�h �he �i��. by, ar defends against enforcement �f�he ��en in, le�a� proceedin�s wh�ch xn the
<br /> Lender's opin�on opera�e to pre�ent the ��farcement af�he �ien; o� �c� secures from the h�Ider of�he �zen an
<br /> a�reenlent sa�isfact�ry to Lender subflrdina�in�the �ien�� this Security �nstrun�€ent. If Lender determines �hat any
<br /> part of�he Proper-ty is sub�ect to a �ien which may at�ai.n prior�ty o�er th is Securi�y i ns�rumen�, Lender may gi�e
<br /> Borrower a nntx�e iden�ifyin�the �ien. Barro�ver sha�� satisf}�the lien flr tak� one or mare �f the actions se� far�h
<br /> abave within �� days of the�xvxn�of notice.
<br /> �I��ard or Property Insurance. Borrawer shal� keep �he inlpravements naw existin� or hereafter erected on�he
<br /> Pra�er�y insured a�a�ns�l�ss by fre,hazards �nc�uded vvi�hin the�erm "ex�end�d c��erabe" and any o�her hazards,
<br /> �ncluding flaQds or flood�ng, for v�h�ch L�nder requires �nsurance. This insurance shall be mainta�n�d in the
<br /> amounts and for�he periods th.at Lender requzres. The insurance carrier pr��id�ng the�nsurance shal�be ch�sen by
<br /> Borrower sub�ec� �o Lender's appro�al wh�ch shall no� be unreasflnab�y �v�thhe�d. �f Borrower fa�ls to main�arn
<br /> co�era�e descr�bed abo�e, Lender may, at L�nder's option, obtaxn co�era�e �o pr�tec� Lender's r�ghts in �he
<br /> Proper�y ir�accarda�ce with section�xtled Protection af Lender's R�ghts�n the Property.
<br /> Al� insurance po�xcies and renewais sha�l be acceptable to Lender and sha�1 include a standard mort�abe c�ause.
<br /> Le�der shal�ha�e th�r��ht to ha�d the p�Iic�es and renevva�s. Xf Lender requires, Borrovver shal�prompt�y give to
<br /> Lender a�l rece�pts of paid premiums and renevvai no�ices. �n the e��nt of l�ss, Borrower shall �i�e pramp�no�ice
<br /> �o�he insuranGe carrier and Lender. L��.der may make proof of�oss if no�made pr�mptly by Borrower.
<br /> Unless Lender and Barrflwer �therw�se a�ree ir� wrx��n�, �nsurance p�raceeds shall be a�plied �o res�orati�n or
<br /> repair of the Property damaged, �f, in L�nder's sole dis�retion, th� res�aration �r repair rs ecorzam�cally f�asib�e
<br /> and Lender's securi�y �s not �essened. If, �n Lender's sole d�scre�ion, tl-�e �r�storation ar repair is na� econ�mica�Iy
<br /> feasib�e ar Lender's securYty vvauld be lessened,t�e�nsurance proceeds sha�l be appl�ed��the sums secured by this
<br /> Se�ur��y Instrumen�, whe�her or not then due, w�th any ex�ess paid to Barrflvver. �f Barrower aband�ns �he
<br /> Property, or does rzo�answer v�i�hin�he nu�nber�f days prescribed by Appl�cable Lavv as set forth xn a n��ice firom
<br /> Lex�der�o Borrower that the rnsura�ce carrier has affered ta set�ie a c�a�m�, then Lender may cal��ct the �nsurance
<br /> proceeds. L�nder mE.ay use the proceeds �o repair or res�ore �he Property or�o pay sums secured by this Security
<br /> Instrumen�,whe�her ar nat then due.The peri�d of time f�r Borrov�er ta ans�ver as set forth in�he notic�wil�be�in
<br /> vvhen the no�zce rs bi�en.
<br /> Unless Lender and Borrawer otherwise a�ree �n vvri�ing, any applicatian nf p�ro�eeds�n principa� shail no�extend
<br /> or postpon�the due�date of�he paymen�s due under�he �flntrac�or change the amount of the payments. If under
<br /> �he s�cti�n tit�ed Ace�lera�ion; R.em�dxes, �he Pr�perty is acquired by Lender, Borrower's ri�ht to any insurance
<br /> pol�c��s and proceeds �resu�tin� fro�n dama�e �a the Froperry prior �o �he a�quis��r�n shai� pass ta Lender to the
<br /> e��ent af the sums se�ured by�his Secur��y �nstrument xm.media�ely pr�or to the acquisi�i�n.
<br /> Pr�ser�ati�n, �Vla�ntenance and Pro�ect�an of �he Proper�y; Borro�ver's Loan A.�p�icat�on; Lea�eho�ds.
<br /> Borrower sha�� not destr�y, dama�e or�n�pair�h� Praper�y, allov�the Pr�per�y ta deteriora�e, or commi�waste on '
<br /> the Praperry. Borrower sha�l be in defau��if a�y forfei�ure act�on or proce�din�,whether�ivi 1 or criminal, �s he�un
<br /> tha� �n Lend�r's gaod fa��h j udgment cou�d resu�t �n forfeiture �f�he Prnper�y or o�herv�ise mat�rial�y impair�h�
<br /> Ii�n created �y thx� Security �ns�rument or Lender's security �nterest. Bflrrovver �nay cure such a default and
<br /> reinstate, as pra�ided in s�c�ion titled Borrower's Right to Rexn��a�e, by causin�the ac��an or pr�ceedxnb�o be
<br /> d�smissed with a ru�inb that, �n Lender's go�d fai�h de�ermination,precludes farfe��ure of the Bflrrawer's in�erest�n
<br /> �he Praperty or other material impairmen� af�he l�en created by �h�s Secur�ty Instrumen� or Lender's secur�ty
<br /> �nt�res�. Borrower shal�a�so be in default�f Borrow�r,durin�the loan appli�a�ion proces�,gave�na�er�ally false ar
<br /> inaccurat� information ar s�tatements to Lender �or fa�Ied �� pr��ide L�nd�r �ith any material infarmation} in
<br /> can.nectian with �he l�an evxdenced by the �on�rac�. If this S�curlty Ins�rument is on a �easehold, Borrower sha�l
<br /> c�mply with a�l�he provisions af the lease. �f Ba�-rower acqu�res fee�itle to�he Property,�he�easeh��d and the fee
<br /> ti�ie sha�l not�ner�e unless Lender a�r-ees to��e merger in wri�in�.
<br /> Pro�ect�on of Lender's Rights �n the Property. �f Borrower fa�ls to perform the co�enants and agreen�ents
<br /> contained i.n this Secur�ty �ns�rument, ar there is �.Ie�a� proc�ed�ng tha��ay si�nificantZy affec� Lender's rights �n
<br /> �he Prnper� �such as a proceed�n� �n �ankruptcy, probate, far condernna�xan or forfei�ure or to enfarce �av�s ar
<br /> regula�ians�, thexz Lender m.ay do and pay f�r �vhatewer is necessary �o protect �h� va�ue �f the Propert� and
<br /> Lender's r��hts in�he Pr�perry. Lender's actians may inciude pay�n�any sums secured by a iien v�h�ch�aas prior�ty
<br /> o�er th�s Security Instrument, appear�ng in court,paying reasanab�e at�orneys'fees and en��r�n�or�the Praperty to
<br /> make repairs.A�thoi��h Lender may�ake a�tion ux�der�his sec��an, Lender daes nat have to do sa.
<br /> A�� amounts disbursed by Lender under th�s se�tian shali become addxtiona� deb� of Bar�ower secur�d by th�s
<br /> Secur�ty �nstrument. Unless Borr�wer and Lender a�ree to other tert�s of paym�n�, these am�ounts shal� bear
<br /> interest from �he date af dzsbursement a� the same rate assessed �n ad�ances under the �ontrac� and shall be
<br /> payab�e,wi�h�nteres�,upon notxce from Lender�o Borr�vv�r request�n�paym�nt.
<br /> �?��4-2�J 3 Co�np€iance Systems,t�c.9F9G-8.F64-20�3L2.0.721
<br /> Consumer Real Es#ate-Sec�srity Ir�strurr�er�t DL243G Pa�e 2 aF5 www.con�pliancesystecns.cani
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