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<br /> A ��cab�e Law. As used in th�s Security Instrumen�, the �erm "App��cab�e Lavv" shal� mean all �on�ro�l�ng
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<br /> applicab�e federai, s�a�e and �oca1 s�atutes, �egula�ions, ord�nanc�s and adn�in�strat��re ru�es and flrders (�hat ha�e
<br /> the effec�af law}as�ve��as a1�app�i�a�b�e f�nal,non-appea�ab�e judic�al opxn�ons.
<br /> Charges; Li�n�. Borr�wer sha�l pay a11 taxes, assessments, charges, f�r�es and �mposit�ons attr�bu�able �o the
<br /> Property v�hich may attain pr�ori#.y a�rer�his Secu.�ity�ns�rument, ar�d leaseh�id payments ar ground ren�s, �f any.
<br /> At the request of L�nder,B�rr�wer sha�l pr�mptly furnish to Lender rec�ipts e�idenc�ng the payments.
<br /> Borr�wer shal�promp��� d�s�harge any lien v�hich has pr�or�ty Qve�this Secur�ty�nstrument unless Borr�wer: �a}
<br /> agrees in v�r-��ing �� �he paymen� of the abligatifln secured by �he ��en i� a manner ac�e��able t� Lender; �b)
<br /> ��n�es�s in good fai�h the ii�n by, Qr defends aga�nst enforcement of th� l�en 1n, lega� proce�d�ngs which in �he
<br /> L�nder's flp�.x,i�n operate �� prevent th� enforcement af the Iien; or �c� secures from the holder �f the lien an
<br /> agreemen�sa�isfac�ory�o Lender subnrdinating the Iien ta this Secu.ri�y Instrumen�. If Lend�r determines�hat any
<br /> part of the Praperty is subj e�t t� a l�en vt�hich may at�a�n prror�ty o�ver th�s Security ��strunlen�, Lender may glve
<br /> Borrov�er a no�ice id�ntifying the �ien. B�rrawer shal� satisfy the l�en or t�ke one or mar� of�he a�ti�ns set forth
<br /> above wi�hin 1�days of the giving of notice.
<br /> Hazard �r Pra Qr� Insurance. Borr�vv�r shail keep�he improvem�n�s nov�ex�sting or hereafter erected on the
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<br /> Property insured agains��ass by fire,hazarc�s included v���hin the�erm"ex�ended cov�rage"and any�ther ha2ards,
<br /> including floods or flo�d�ng, far v�h�ch Lender requires insurance. Th�s �nsuran�e shal� be mainta�ned in �he
<br /> amoun�s and for the per�ods that Lender requ�res.The�nsuran�e carr�er provlduag the insuranc�shall be�hflsen 1oy
<br /> Barrower subje�� �a Lender's approval which shall n�t be unreasanably withheld. �f Borrower fai�s �fl �rn.ainta�n
<br /> caverage des�r�bed abo�e, Lender n�.ay, a� Len�er's ap�ion, �bta�n �average �o pr�te�t L�nder's r�ghts �n the
<br /> Proper�in a�cordar�.ce v�ith se��ion t�t�ed Prot�ctian af Lender's R�ght�in th�Praperty.
<br /> A1� �nsurance ol�c�es and ren�v�a�s sha�l be accep�able t� L�nder and sha�l inc�ude a standard mortgage c�ause.
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<br /> Lender sha�l have the r�gh�to hald the pol�c�es and renev�a�s. �f Lender requ�res,Borravver sha11 promptly give��
<br /> Lerider a�1 rec�ipts of paid prerniums and renevc�al n���ces. �n th�e�ent of 1�ss, Barrov�rer shal�g�ve pramp�no�ice
<br /> ���he insura.n�e carrier and Lend�r.Lender may rnake p�oo�`�f loss�f nat made promp�ly by�3�rr�wer.
<br /> Unless L�nd�r and Borrov�er othe�ise agree in writing, insuranc� proceeds shaX� be applied �� restoration or
<br /> repa�.r of the Property damaged, if, in Lender's so�e discretian, �he restora�ifln or repa�r is econom�cal�y feasib�e
<br /> and Lender's security �s not��essened. �f, in Lender's sole dxscretion, the res�ora��on�r repair�s nat eCon�mically
<br /> feas�b�e or L�nder's security wou�d be Iessened,the insuran�e proceeds shall�e appl�ed tfl the sums secured by�his
<br /> Securi� rnstrument, whe�her or nu� �hen due, wi�h any ex�ess paid t� Bflrravsrer. �f Borr�v�er abandons the
<br /> Proper�y,or does not ans�ver���hin�he number�f days prescr�bed by Appl�cab�e Lavv as se�forth in a not�ce fr�m
<br /> Lender�o Borr��v�r that the insurance carrier has flffered to set�le a claim,then L�nd�r ma�co�lect�he insuran�e
<br /> pr�ceeds. Lender may use�he prnceeds to repair or res�are�he Prflperty �r to pa� sums secured by this Secur�ty
<br /> �ns�rumen�,v�he�her or not then due.The period of�ime for Borrov�er�o answer as se�f�rth 1n the no��ce�i�1 begin
<br /> when the notice is given.
<br /> Unl�ss L�nd�r and Borrovver�ther�vis� agree �n v�ri�ing, any applicat�an a�pr�ceeds�o pr�n�ipal sha�l not extend
<br /> or pastp�ne�he due da�e of the paymen�s due under the Cantrac�or change the a�naunt af the paymen�s. �f under
<br /> �he sec�ion�i�1ed,Accelerati�n; Remed�es, the Proper��s acquired by Lender, �3�rrov�er's right�� any insurance
<br /> p�lic�es and pr�ceeds resul��ng from darnage to �he Properfiy prior to the acquis���on sha�l p�.ss to Lender to �he
<br /> extent�f the su�ns secured�y this Securit�Instrument immedia��ly pr�or t�the acqu�s���an.
<br /> Preserdat�o�, Maintenance and Pr�tection of the property; B�rra�er�s Laan Application; Leasehalds.
<br /> Borr�v�rer sha1�n�t destroy, damage �r��npair the Property, al�ow t�e Pr�perty�o de��riorate, or commi�v�as�e on
<br /> the Proper�y.Borr��rer sha�1 be in default if an�forfeiture a��ion or proceeding,whether ci�xl or crim�nal,�s begun
<br /> tha� in Lend�r's gaod faith judgment c�u1d resu�� �n forfeiture of t�� Property or ��herwise materia�ly �rnpa�r�he
<br /> Xien created by �his Secur��y Instrument or Lender's securit� �n�erest. Borr�wer may �ure such a default and
<br /> reinsta�e, as provided in se�tion titled Borrower's Right to Reinstate, by�ausing the acti�n vr praceeding t�be
<br /> disrnissed w��h a ruiing tha�,in Lender's go�d fa�th determ�nation,prec�udes forfe�ture of the Borrower's in�erest in
<br /> the Pr�perty ar a�her material impa�rment of the lien crea�ed by th�s Security �nstrument �r Lender's security
<br /> interes�.Bor�-aw�r sha��a�sa be in defau���f Borrawer,during the loan appl�catian process,ga�re ma�erially fa�se or
<br /> inaGcurate �nformation or sta�ements to Lender �or fa�led �o pr��ride Lender v�ith any material �nf�rmat�vn� in
<br /> con.�ec�ion v���h the ��an e��denced by�he �ontra��. �f�his Security�nstrumen� is on a�eas�h�ld, B�rr�v�er sha��
<br /> c�nlply with a���he provisiflns of�he lease. If Borrower a�qu�res fee ti��e t��he Property,th��easeho�d and the fee
<br /> ����e shall no�merge un�ess Lerider agrees to�he nzerger in�ri��ng.
<br /> Protectian �f Le�der's Rights in the Property. �f Borr�wer fails �o perfarm �he c�venan�s and agreements
<br /> contain�d in�h�s Security Instrumen�, or�here is a legal prflceeding that may signifi�antly affect Lender's rights in
<br /> the Pr�per�y �such as a proceeding �n bankruptcy, pra�ate, for conden�nation or forfei�ure or�fl enfarce laws ar
<br /> r�gula�ions�, then I�ender may d� and pay for v�hateaer is necessary t� pratect the value af the Property and
<br /> Lender's righ�s in the Proper�y. Lender's actions may inc�ude pay�ng any sums secured by a lien vrrhich has priari�y
<br /> over�h�s Security�nstrum�nt, appearing in cflur�,paying reasonable at�arr�eys'fe�s and entering on the Pr�per�y to
<br /> make repa�rs.A�though Lender ma�take ac�ion under this section,Lender daes no�ha�e�o dfl sa.
<br /> Any arnounts d�sbursed by Lender under �h�s section sha11 become add�ti�nal de�� af Borr�wer secured by this
<br /> S�curity �nstrum�nt. Unless B�rrov`r�r and Lender agree �o other �ern�.� of paymen�, these a�n�un�s sha1� l�ear
<br /> in�eres� fr�m �he date of d�sbursement a� the same rate ass�ssec� nn ad�ances under �he Gontrac� and shall be
<br /> payable,wi���nterest,upvn no��ce frorn Lender��Borr�v�er request�ng pay�nent.
<br /> Cq 2444-2Q i 3 C�mpiiance Systems,In�.9F95-53AC-2a 13L2.4.721
<br /> Consuxraer Real Estate-Securi#y Instn�ment DL2036 Page�af 5 www.caxnpliancesystems.com
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