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��14�3573
<br /> App�icab�e Law. As used in this Security Instrum�nt, �he �erm "App��cable Law" shali mean all cfln�ro�lin�
<br /> app�icabie federa�, s�a�e and local s�atu�es, re�u��.tians, ordinances and ad�n�nistrative rules and a�ders �that haWe
<br /> the effect of law}as wel�as al�app�icabie f na�,n�n-appealab�e judicial op�n�ons.
<br /> Charg�s; L�ens. Barrower �ha�l pay all �axes, assess�nen�s, char�es, fines and �mpos�t�ons a��ributabie to the
<br /> Proper�y which may attain p�ior�ty o�er th�s Security �nstrument, and leasehold paymen�s or�raund rents, if any.
<br /> At the request of Lender, Borrovver shail pr�mptly furnish ta Lender re�eipts evidenc�ng the paym�nts.
<br /> Borrower shall pram.ptly dischar�e any iien v�h�ch has p�rior��y o�er this Security Instruznent unless Borrower: �a}
<br /> a�rees in wr���n� tfl the paymen� of the ab�i�ation secured by �he 1 ien in a nrzanner �,cceptabie to Lender; �b�
<br /> c�n�es�s �n �o�d fai�h the l�en by, �r defends a�ainst enforcemen� of the l�en in, �e�a� proceed�n�s w�i�h in the
<br /> t,ender's op�nxon operate to pre�ven� the enforcemen� of the 1ien; or �c} secures f�om �he hold�r of�he lien an
<br /> a�reemen� satisfactory�o Lender subord�natin�the l�en ta this Security �ns�rumen�. �f Lender determines that any
<br /> par� of the Prtip�rty is subj e���a a ��en which m�y attain priarity aver this Secu�ity Instrument, Lender may ���e
<br /> Bflrrflwer a notice id�n�t�fy�nb�he lien. Sorraw�r shal� satisfy the �ien or�ake one or�nore of�he actions set forth
<br /> abave wi�hin 1�days of the�i�ing�f notice.
<br /> Ha�ard or Property �nsurance. Borr�wer sha�l keep the impro�ements now existin� or hereafter erec�ed an the
<br /> Pr�perty insured a�ainst lass by f re, ha�ards inciuded w��hin the terrn "extend�d co�era�e" and any o�her hazards,
<br /> includin� floods ar floodin�, for which Lender reyu�res insurance. Thzs insurance shall be �na�ntained in �he
<br /> amounts and for�he per�ads tha�L�nder re�uires. The �nsurance carrie�-pro�idin�th�insurance shall be choseri by
<br /> Bflrrav�er sub�ect t� Lender's appr��aI which shall not be unreasonably withhe�d. If B�r�rower fai�s �o maintain
<br /> covera�e cl�scribed abo�e, Lender may, at Ler�der's �p��fln, obtain covera�e �ti pro�ec� Lender's ri�h�s zn �he
<br /> Property in accflrdance with s�ction titled Protec�io�of Lender's R��h�s�n the Property.
<br /> A�I �nsurance poiic�es and renewals shal� be acceptable to L,ender and sha�l include a s�andard �n�r��age clause.
<br /> Lender shali have�he ri�h��o hold the pol�c�es and renev�als. �f Lender requires, Borrovver shal� promp�Iy ���e to
<br /> Lender all receip�s�f paid pren��ums and renewal n�tiGes. In the �vent of�oss, Bor�awer shall �ive prnmp�na��ce
<br /> t�the�nsurance carrier a�d Lender. Lender may make proof tif loss if no�made prornptly by Bor�r�v�er.
<br /> Un�ess Ler�der and B�rxower o�herwise agree in v���tin�, insuran�e proce�ds sha�l be app�ied �o restoration ar
<br /> repa�r of�he Properry da�-na�ed, if, in Lender's sal� d�scre�tion, �h� restoration ar r�pa�r is ecanomical�y feasib�e
<br /> and Lender's secu�-ity is na� lessened. If, in Lender's sole dis�reti�n, the restoration �r repair is not economically
<br /> feasible or L�nder's security would b��essened,�he insurance proce�ds sha�l be appl�ed to�he sun�s se�ured�y this
<br /> Secur��y Z r�strumen�, whether or n�t then due, w��h any excess paid to Bor�awer. If B�r�-o�ver aband�ns the
<br /> Praper�y, �r does nnt answer vvithin the nu�rnber of days prescribed by Appl�cable La�as se�for�h in a notice fram
<br /> Lender�o Borrower that�he insurance carrier has offered t� set��e a cla�m�, then Lender n-�ay col�ec��he �nsurance
<br /> proceeds. Lender n�ay use the proceeds to repair o� restare �he Prap�trty ar to pay su��ns secured by this Securi��
<br /> Instrurr�ent,vvhe�her or not th�n due.The periad af�ime for Borrower to answex as set for�h �n�he na�ice w��l be�in
<br /> wh�n the no��ce is given.
<br /> Un�ess Lend�r and Borrower atherwise a�ree in �vriting, any app�ication of proceeds �o principa� sha�l nat ex�end
<br /> � o�r�os�pone�he due date of the�aym�ents due under th� Con�ract or chan�e th� amount of�he paym�n�s. If under
<br /> the sect�on�itled Ac�e�eration; Remed�es, �he Pr�perty �s acqu�red by Lender, Barrawer's ri�ht to any insurance
<br /> poli�ies and proceeds resuiting from damage tn the Prvper�y prior to �he a�quisition shall pass to Lender �n �he
<br /> exten�af the sums secured by th�s Security instruxnen��mrn�ed�ately prior��the acqu�s��ion.
<br /> Pres�r�ation, Maintenance and Protection of the Proper�y; B�rrower's Loan Appi�ca�iony Leasehoxds.
<br /> Bo�-rower sha1�not destroy, dama�e or in2pa�r the Properry, all�v�the Pr�p�rry to de�eriora�e, or commit v�aste on
<br /> �he Proper�y. BQrrovver shal��e in default if any forfei�ure act��n or praceed�n�,vvhe�her civi�or cr�mrinal, 1S b��L1Tl
<br /> �ha� �n Lender's �ond faith�udgmen� cauid resu�� i�n forfe��ure of th� P�-oper�y or o�herw�se ma�erial�y irnpair the
<br /> �ien crea�ed by �his Security �nstrumen� or Lender's security in��rest. �orrower may cure such a defaul� and
<br /> reinsta�e, as provided in sec�ion ti�led Sorrovver's Rzbh� �o Reinstate, by caus�n��he actYon or proceedin�to be
<br /> dismissed w�th a rulin�tha�, in Lender's baod faith de�er�ninat�on,prec�udes farfeiture of the Borrower's in�eres��n
<br /> t�e Propex-ty or o�her materzal impa�rment of the tien created by �his Securi�y Instrumen� or Lender's security
<br /> �nteres�. Sorrower shall also be in default if Borr�wer, durin��he I�afl app�icatio�proces�,�a�e material�y false or
<br /> ina�curat� informatian or s�atements �a Lender �or fai�ed to pro��de Lender with any �material informatron� zn
<br /> connection with the �oan e�idenced by the �ot�trac�. �f this Securi�y inst�ument is on a �easeh��d, Sorrower shali
<br /> comply wi�h.a11 the provisians of the lease. If Borrower acquires fe�title�a the Praperty,�he leasehald and�he fee
<br /> ����e shal�not m�r�e uniess Lender a�rees to th�mer�er xn wr���n�.
<br /> Pro��ctian af Ler�der's Rx�hts in the Proper��. if Bor�rawer fai�s ta perform �he coWenan�s and agreem�n�s
<br /> contained in�his S�curity Ins�rument, or�here �s a�e�aI proceedin�that may si�n�f�can��y affec� Lender's r��hts in
<br /> the Properry �such as a praceedin� in batakruptcy, p�roba�e, for cande�nnat�on ar forfe�tur� or ta enforce laws or
<br /> re���a�ions�, �hen Lender may do and �pay fo�r wha�ever is necessary to pr�t�c� �he value of the Property and
<br /> Lender's rights �n the Prop�r�y. Lender's actions n�ay include payxn�any sums secured by a li�n whi�h has pr�ority
<br /> o�er this Security �nstrument, app�arin� in cour�, payin�reasonable attorneys'fees and enterin�on the Proper�y�o
<br /> make reparrs.Although Lender may talce acti�n under this section, Lende�does n�t have��da so.
<br /> Any amflunts disbursed by Lender under �his section shall beco�ne additional deb� of Borrov,�er secured by �h�s
<br /> Security Instx-u�-nent. Unless Borrower and Lender a�ree to a�her te�-�-ns of paymen�, �hese amflun�s shall bear
<br /> in�erest firom the date-of d isburse��ent at the same ra�e assessed on ad�an�es under the Con�ract and sha�1 be
<br /> payable, with interest, upan notice from Lender�o Barrawer re�ues�in�paym�nt.
<br /> C�200�-ZO l3 Gompliance Systerr�s,Inc.9F9G-A425-24�3L2.D.7?I
<br /> �onsurz�er Eteal Estate-Sec�rity i�tst�-�inent DL2p35 Pa�e 2 of 5 www.carl-�plian�esystems.corn
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