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��14�357�
<br /> Applicab�e Lav�. As used in this Secur�ty �nstrurnent, �he �erm '�Ap�licab�e Law" shall mean all con�ra�Iing
<br /> app�icab�e fed�ral, state a�d ��cal statu�es, regu�a���ns, ord�nance� �nd adminis�rat�ve ru�es and orders �that have
<br /> �he effect of�avv�as v�el1 as ail app�icab�e f nal,non-app�a�ab�e judi��a��pinions.
<br /> Charges; Li�ns. B�rrower shal� pay al� �axes, assessments, �harges, fnes and �mpositians attributable �o the
<br /> Proper�which n�.ay attain pr��rity a�er thi� Security Tnstrumen�, a�d �ea�eho�d paymen�s or ground ren�s, �f any.
<br /> At the request of Lender,�3orrawer sha1�promp�ly furn�sh ta L�nder rece�p�s e��der�c�ng the payments.
<br /> Borr��er shall promp��y discharge any Iien v�hich has pr�ority o�er th�s Secur��y�ns�rument unless B�rrower: �a}
<br /> agr��s in wri�ing to �he payment of the obliga�ion secured by the lien �n a manner a�ceptable to Lenc��r; �b}
<br /> contests in ga�d fait� the lien by, or deferids against enf�rce�ne�� of�he lien in, lega� proceed�ngs wh�ch in the
<br /> Lender's �pir�ion operate to prevent the enfarcement af the �ien; �r ��} secures fram �he ho�der of��e lien an
<br /> agreement satisfac�ary to Lender subordinatzng the Xien�a th�s Securi�y�nst�-ume��. �f Lender deterrnines tha� any
<br /> part of the Proper�y is subj ec�ta a Iien v�hich may attain prio�-ity over�his Security �n��rument, Lend�r may give
<br /> Borr�wer a n�t�ce iden�ifying the lien. B�rrower shall sa��sfy�he l�en or�:a]ke �ne �r more of the ac��ans set f�r�h
<br /> above w�th�n ��days of the giving af nfl�ice.
<br /> Ha�ard or Prop�rty Insuranee. Borrov�rer sha�l keep �he �n�pr��ements n�vv existing vr hereaf�er erected on the
<br /> Prapert�y insured agains���ss by fire,hazards inciuded wi�h�n t�ie�e�n"e�ten�led co�verag�" and any o�h�r hazards,
<br /> including fla�ds or fload�ng, for v�rh�ch Lender requires insurance. Th�s insurance sha11 be main�ained in �he
<br /> amounts and far th�periods that Lender requires. The insurance carr�er providing the insu.rance shal�be chosen by
<br /> Borro�ver subjec� to Lender's approva� v�hich shal� no� be unreasonably v�r��hhe�d. �f Borrower fails t� maintain
<br /> coverage described above, Lender may, at Lender's opti�n, ob�a�n co�uerage to prate�t Lender's rights in the
<br /> Proper�y in a��ordance wi�h sec�zon�itled Pratection of Lender's Rights in the Property.
<br /> A1� �nsurance po�icies and re�e�va�s shall be a�cep�able tfl Lerider and sha�l include a s�andard mor�gage clause.
<br /> Lender sha�l ha�e the r�ght�o hoXd�he p��icies and renewals. �f Lender requ�res,Borrov�er shal�prompt�y g�ve�a
<br /> Lend�r a�I re�eipts of pa�d premiums and renewal n���ces. ���the e�eri�of I�ss, Borrower sha�l give proxnp�noti�e
<br /> to�he insurance carrier and Lender.�ender may make pr�af of loss if no�made promptly by B�rr��er.
<br /> Un�ess Lender and Bflr��we� o�herwise agree �n vvri�ing, insuran�e pro�eeds sha�l be applied �o res�ara�i�n or
<br /> repa�r af the Prflperty damaged, �f, i�a Lender's sole d�scre����, the resto�a��on �r repair is econ�mi�ally feasib�e
<br /> and Lender's security �s no� lessened. �f, in Lender's s�Ie discre�inn, the res�ora�i�n ar r�pair is not ec�nomica��y
<br /> feasih�e or Lender's securit�wou�d be lessened,�he insurance pra�eeds shall be app�ied t��he sun�s seGured by�his
<br /> Security �ns�rument, whether �r nat then due, �v��th any �xc�ss paid t� Borrov�rer. If Bonrower abandons �he
<br /> Property, or does n��ansv��r within�he number of days prescr�bed b�Applicable Lav�as set for�h�n a notice fro�n
<br /> Ler�der t� B�rrov�er that the �nsurance can ier has offered to set�l� a clair�,then Lender�nay cflllect th� insurance
<br /> pr�ceeds. Lender may use the proceeds t� repa�r �r r�st�re�he ProperCy or ta pay sums secure�.by this Secur��y
<br /> �ns�rum.e��,vvhether or not then due.The period�f time for B�rrovver��amswer as se�forth in the notice wi�1 begin
<br /> when�the no��ce is g��en. .
<br /> Un�ess Lender and Borr�v�rer otherwise agree in wri�ing, an�a��pli��tinn �f praceeds t��rinc�pa� sha�l no�ex�end
<br /> or p�stpone�he due da��of�he paymen�s due under the Con�ract or change the amount�f�he paymen�s. If under
<br /> the se��ion titled Acce�erativn; Remedies, the Pr�per� �s acquired by I�ender, Barrower's right to any insurance
<br /> pol�c�es and pra�eeds resulting from damage �� �he Prop�r�y �rior �� �h� acqu�s���an sha�l pass t� Lender to the
<br /> ext�nt�f the sums secured by th�s Security�nstrumen�immed�ate�y prior��th�acquisi�ior�.
<br /> PrQs�r�ation, Maintenance and Pr�tectivn of the Pr�perty; �orr�v�er's L�an App��cation; L�aseh�lds.
<br /> Borrower shal�nat destr�y, damage or im.pa�r the Proper�y, a11aw�he Proper�y to deteri�rate, �r c�m�n�t waste on
<br /> the Property. Borr�wer shall�be�n�efaul��f any f�rfe��ure acti�n a�-pr�ceedxng,�vhe�her��vi��r cr�minal,is begun
<br /> tha� in Lender's good fa��h�udgment could resu�� �n f�rfe��ure of��e Pr�perty or ��herwise ma�erial�y impa�r the
<br /> �ier� �reated �y this Se�ur�ty Instrument or Lender`s se�ur�t� in�erest. Barrower may cure such a defau�� and
<br /> re�ns�a�e, as �ro�ided in section titled S�rrower's IZ�g�t t❑ l�einstate, hy causing the ac�ion or proceeding to be
<br /> dismissed vsri�h a ruling that, in Lender's go�d faith de�er�ninat�on,precludes forfeiture of the Borrower's interest in
<br /> �he Pr�pert� or a�her ma��ria1 �mpairment of�he lien created by �h�s �ecurity �nstrumen� or Lender's security
<br /> �n�erest.Barrov`rer sha�l a�sa be zn defaul�if B�rr�v�er,during�he loan app��ca�ian prflcess,ga�e ma�erial�y false or
<br /> ina�curate inform.a�ion or statements �� Lender (or fa��ed �o pro�vide L�nder wi�h any ma�erial infarma�ion} in
<br /> cor�nection wi�h�he loan e�idenced by the �ontra��. �f�his S��ur��.y �nstrumen� is an a �easehold, Borrower shall
<br /> cor�ply with a11 the provisions af�he��ase. If Borrovver ac�ui�-es fee title�o the Property,the 1eas�ho�d and�he fee
<br /> tit�e sha�l not merge unless Lender agrees t��he merger in wr���ng.
<br /> Prot�ct�on of LendQr's Righ�S in the Property. If Borrower fails �o �erform the cov�nants and agreemen�s
<br /> �or��ained�n this Security�nstrument, or t�ere is a lega�proceeding tha�may signif cantiy affect Lender's rights in
<br /> the �roperfiy �su�h as a proc�eding in bankruptcy, proba�e, fur c�nd�mna�ian �r forfeiture or to enforce �av�s ar
<br /> regula���ns}, �hen Lender may d� and pay f�r vvhatewer is mecessary �� pr�tec� �he value af the Properfiy and
<br /> Lender's rights �n the Prope�y. Lender's a�tions may include paying any sums secured by a lien v�h�ch has pr��rity
<br /> o�er�his Secur��y�nstrument, appearing�n�ourt,paying reasanab�e att�r��y�'fees and entering�n�he Property�o
<br /> ma�e repa�rs.A�though Lender may take action u�der�his sec��on,Lender daes n��ha�e to do so.
<br /> Any am�unts disbursed by Lender under �his sec�ion shal� become add�tiona� debt of Borrovver secured by this
<br /> Security Ins�rument. Unless Borrower and Lender agree �t� o�her �erms of payment, �hese amounts shal� bear
<br /> in�erest fr�m �he date uf disbursement a� the same ra�e assessed �n a�.vances under the �ontra�� and sha�l be
<br /> paya�b�e,v���h in�eres�,upon notice fram Lender�o Borr�vver r�qu�s�ing paymen�.
<br /> Q 20Q4-2�13 CQmpiiance Systems,Inc.9F96-2AD5-2�13L2.0.721
<br /> Cans�z-r�er Real Es#ate-Se�urity Ins�rument DL2�3d Pa�e 2 of 5 www.�am�liancesystems.cam
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