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��14�3�71
<br /> App�icab�e Law. As used �n this 5ecur�ty �nstrument, the �erm "Applicab�e Law" shall mean al1 �ontrolling
<br /> applicab�e federal, s�a�e and local statutes, regu�a�ions, ord�nances and administrative rules and orders ��ha� have
<br /> �he effec�of�aw3 as�vel�as al�applicabl�f nal,nonwappea�a�Ie jud�cia�opin�vns.
<br /> �h�rges; LienS. Borrower shal� pay al� �axes, assessments, charges, fine� and impo�i�ions attr�butable �o �he
<br /> Property which may at�ain prior��y o�er�h�s Securi�y Instrumen�, and �easehold paymen�s ❑r ground ren�s, �f any.
<br /> At th�request�f Lend�r,Borr�wer shal�promp�Xy furnxsh to Lend�r receip�s e��denc�ng�he payments.
<br /> Borrower sha�l pramp�ly discharge any lien wh�ch has pr�ori�y aver this Securifiy �nstrum�nt unless Borrov�er: �a�
<br /> agr�es in v�riting �o �he paymen� �f the obligation secured by the Iien in a manner ac�eptable to Lender; �b�
<br /> contests �n g�od faith �he ��en by, or defends against enforcemen� af the lien �n, �ega1 proceed�ngs which �n �he
<br /> Lender's opinion op�rate �o pr�vent the enforce�za.ent of the 1ien; or �c� secures from �he holder af the lien an
<br /> agr�ement satisfac�ory to Lender suhordinating the lien to this Secur�ty Instrumen�. �f Lender determin�s�ha� any
<br /> par� af the Proper�y is subj ec�to a �ien�hich may at�a�n priority ��er th�s Secur�ty �nstrumen�, Lend�r m.ay g��e
<br /> Borrawer a notice identifying�he Iien. B�rrovver shall sa�isfy�h� �ien or take one or m�re af�he actxons se� for�h
<br /> ab��e wi�hin 1�days af�he gi��g of notice.
<br /> Hazard or l�r�perty Insuranc�. Borrower shall keep�he �mprovements nov�exist�ng ar hereafter erecte�on the
<br /> Property insured agaxnst�oss by f re,hazards inc�ud�d within the��rm"extended co�era�e" and any a�her hazards,
<br /> inc�uding flaods ar flfloding, for which Lender requ�res �nsuran�e. This insuran�e shall �e main�ained �n the
<br /> amflunts and for the periods that L�nder requires. The insurance Garrier provid�.ng the insuran�e shail be chosen by
<br /> Borravver subjec� to Lender's appro�al which shall no� be unreasonably �v��hheld. �f Borrawer fails �a maintain
<br /> co��rage descr�bed aba��, Lender may, a� Lender's opti�n, obtain �overage �o pra�ec� Lender's rights in the
<br /> Froperty i.n accordan��wi�h sec�zon�itled Protection�f Lender'S R�ghts�n�he Praper�y.
<br /> All insuran�� po��cies and renewa�s shall �be a�cep�able �o Lender and shall �n�lude a s�andard martgage �Iause.
<br /> Lender sha��ha�e the rrght to h��d the pa1���es and renewals. �f Lender re�ui.res, Barrower shal�pr�mpt�y g��e�o
<br /> Ler�der a��re�eipts of paid premiums and renewa�notices. �n�h� e�ent of loss, Borrower shal�g�ve promp�no�i�e
<br /> to the�nsurance carrier and L�nder.Lender may make praaf of loss�f no�m.ade prornp�Iy by Borrawer.
<br /> Unless Lender and Borrflwer o�hervvise agre� ir� writing, insuran�e proceeds shal� be appl�ed to restorat�an �r
<br /> repair flf�he Pr�perty damaged, if, in Lender's s�le discre��on, the restoratian �r repair is econamica�ly feas�b�e
<br /> and Lender's securi�y is not �essened. If, �n Lend�r's sale d�scretion, the r�s�ora��an �r repa�r �s no� ecanom�cally
<br /> feasib�e or Lender's secur��y�ou�d be Iessened,�he insuranc�proceeds shall be applied�o�he sums secur�d by thrs
<br /> Secur��y Instrum�n�, whether or not then due, �vi�h any ex�ess paid to Borrflvver. Tf Borrov�er abandons the
<br /> Property, or does not answer�vi�hin the nunlber flf days prescribed by Appl�ca��e Law as set forth in a no�ice frflm
<br /> Lender�v Borrower�hat the �nsurance �arrier has offered�o settle a claim, then Lender may ca��ect�he insurance
<br /> pro��eds. L�nder may use the proc�eds to repa�r ar restor� the Properry or to pay sums se�ured by th�s S�curity
<br /> Instrumen�,whether or na��hen due.The period af�ime for Borraw�r�o answ�r as set for�.h ir�the r�atice vvill}�eg��
<br /> when the nti��ce is bi�ren.
<br /> Unless Lend�r and Barrov�er a�herwise agree in writing, any app��ca��on of proceeds�o principal sha�l no�ex�end
<br /> or pos�pone�h� du� da�e af the pa�men�s due under the Contract ar chang� �he amount of�he paymen�s. �f under
<br /> �he section�i�led Ac�elerat�on; Remedi�s, the Property is acqu�red by Lender, Borrovver's righ��o any insurance
<br /> p�licies and proceeds result�ng from damag� to �he Prop�r�y pr�or�fl �he acqu�s���on sha�l pass �o Lender to the
<br /> ext�n�af�he sums secur�d by�his Se�ur�ty Instrumen�immedia�ely prior�o the a�quisitior�.
<br /> Preser�ation, Main�enance and Pro�ection of �he Property; Borro�er's Loan Appl�cation; Leasehalds.
<br /> Borr�wer sha��no�destroy, damage or impa�r the Property, allaw the Property�a deterio�ate, or commi�waste an
<br /> the Prop�rfiy.B�rrower sha�I be in d�fau�t if any farf�iture ac���n or pr�c�eding,whe�her civi�or crimina�,is b�gun
<br /> �hat �n Lender's goad faith�udgmen� could result in forfei�ure of�he Prapert� ar Qtherwise materia��y �mpa�r the
<br /> �ien created by th�s Secur��y Instrumen� ar Lender's se�urity �n�eres�. Borrvwer may �ure such a defaul� and
<br /> r�ins�a�e, as provided in s�c��on tit�ed Borr�vver's Right �o Reins�ate, �b�causing�he act�on�r proceeding to b�
<br /> dismissed with a rul�n.g tha�, in Lender's good faith d��ermination,precludes forfe��ure of the�orrower's interes�in
<br /> �he Propert� �r o�her mat�r�a� impairmen� �f�he l�en crea�ed �y �h�s Security Ins�rumen� ar Lender's se�urity
<br /> inte�es�.Borrower shall alsv be�n defaul�if Barrfl�er,during�he lflan appl�ca�ion process,ga�e ma�erially fa�se or
<br /> inaccura�e informa�i�n or s�atements �o Lender �or failed �o provid� Lender v�ith any ma�er�al inf�rmation� in
<br /> cann�c��on wi�h the I�an e�idenc�d by the �on�rac�. If th�s 5ecurity Ins�rument is on a�easeho�d, Borr�wer sha��
<br /> compi�wi�h alI the pro��sions of�he lease. �f Borrawer a�quires fee ti�Ie ta the Property,�he�easehold and�he fee
<br /> �i��e sha�l nat merge unless Lender agrees to th�merger in wr�ting.
<br /> Prot�ction of Lender's Rights in the Propert�. If Borrower fai�s t� perform the cavenan�s and agreements
<br /> con��.ined in th�s Security Ins�rument, or there �s a legal proceeding that m�.y sign�f�an�ly aff�ct Lender's r�ghts in
<br /> the Praperty �such as a proceed�ng in bankrup�cy, probate, for cflndemnation or farfe�ture flr t� enforc� laws or
<br /> regu�ations}, �hen Lender may d� and pay for whate�er is ne�essary to pra�ect th� �a�ue of the Proper�y and
<br /> �.ender's rights in the Pr�per�y.Lender's ac��ons may include pay�ng any sums s�cured by a l�en whi�h has prior��y
<br /> aver�his Secur�ty�nstrum�n�, appearing an c�urt,pay�ng reasonable attorneys'fees and en�ering on�he Proper�y to
<br /> make repairs.Although Lender may take act�on under th�s sec�ion,Lender daes no�have ta do so.
<br /> Any amounts disburs�d by Lender under �his sec�ion sha�� become add���onal de�t of Borrower secured by th�s
<br /> Security Instrument. Unless Borravver an� Lender agree �o other �erms �f payment, �hese amounts sha�l bear
<br /> in�erest from the da�e �f disbursement at �he sarne rate assesse� on ad�ances under �he Con�ract and sha�l be
<br /> pay�.ble,vvith interest,upon not�ce fr�m Lender�o Barrower reques��ng payment.
<br /> �2a44-2013 CampIiance Systems,Inc.9F96-AFSB�2�I3L2.0.72I
<br /> Cansurner R�al Estate-Security Znstra.ament DL2036 Pa�e 2 of 5 www.com�liancesystems.cam
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