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��14�4�35
<br /> Applicab�e Law. As used in this Security Instrument, the term "App�i�ab�� Lav�" shall mean al� controlling
<br /> app�icable federa�, state and local s�a�utes, regula�ions, ord�nances and administratxve rules and arders �that have
<br /> �h�effect of law}as we�I as al1 app�i�able f na�,non-appealable jud�cia�opiniQns,
<br /> �harges; Liems. Borrower shall pay a1I taxes, assessmen�s, �harges, fnes and imposi�ians attrxbu�able tfl the
<br /> Property v�hich may a�ta�n pr�ority o�er�his Secur�ty�nstrumen�, and l�asehold paymen�s or gr�und rents, if any.
<br /> A�th�request of Lender,Borrower sha�l prorr�ptly furnish to Lender receipts evidenci.ng the paymen�s.
<br /> Borrnwer shal�pramptly d�scharge any lien which has priari�y o�er thxs Security �nstrumen�un.�ess Borrovver: �a}
<br /> agrees �n writing �o �he paymen� of�he ob��ga��flxz secured by the ��en �n a manner accep�ab�e �a Lender; �b�
<br /> con�ests i.x� go�d faith the ���n by, or defends again.s� enf�rcement �f the l�en �n, I�gal proceedings which in the
<br /> L�nd�r's opin�on opera�e �o prev�nt th� enfor�emen� of the Iien; or �c� secures fram �he ho�der of the lien an
<br /> agre�men�sa�isfactory to Lender subordina�xng the lien to�his Securit� �ns�rumen�. �f Lender determin�s�hat any
<br /> par� of the Prflper�ty is su�j ec�to a l�en which ma� a�tain pr��r�ty over this Se�urity�nstrument, Lender may g�ve
<br /> Borrower a no��ce �dent�fying the l�en. B�rrower sha�l sa��sfy�he lien or�ake one or mare �f th� act�ans set for�h
<br /> abo��w��h�n 10�ays of the gi��ng of no��c�.
<br /> Hazard or Property Insurance. Borro�er sha��keep the improv�m�n�s now exxs��ng or h�reafter erec��d on�he
<br /> Property�nsured against loss by f r�,hazards inc�ud�d w��hin�he�erm"extend�d cov�rage" and any o�her hazards,
<br /> inc�ud�ng fl�ods or flooding, for which Lend�r r��u�res insurance. Th�s insurance shal� be maintained in the
<br /> amaunts and far�he p�riods�ha�Lender r�qu�res. The insuranc��arrier providing the insurance shall be chasen by
<br /> Borrower sub��c� to Lender's approval wh�ch sha�I na� be unr�asonab�y wi�hheld. If Borrav�er fails to maintain
<br /> coverage descri�ed abo�e, Lender may, a� Lender's op��on, obtain co��rage tfl protect Lender's r�gh�s in �he
<br /> Proper�y in accordance v�ith s�ct��n tit�ed Protecti�n of Lender's R�ghts in th�Property.
<br /> AIl insurance poli�ies and renevvals shall be acc�ptable �o Lender and shal� �n��ud� a standard mar�gage clause.
<br /> Lender shall have�he right�fl hold�he pol�cies and renewals. �f Lend�r requires, Borrov�er sha�l pramp�Iy gi�e to
<br /> Lender a��rece�pts of paxd prern�ums and renewa�notices. �n�h� even�af�oss, Borr�vver shall give promp�na�xce
<br /> to the insurance carrier and Lender.Lender may make proof of loss if not made promptly by Barrower.
<br /> Unless Lender and Borr�vver otherw�se agree �n wri�Yng, �nsurance proceeds shall be applied �o restorati�n ar
<br /> repair of�he P�op�rty damaged, if, in Lender's sale discretion, the restora�ion or repa�r is ecanom�ca��y feasxb�e
<br /> and Lender's security is not lessened. If, in Lender's sol� discretion, �h� restoration or r�pair is nn� econom�cal�y
<br /> feasib�e or Lender's se�ur�ty v�ou�d be�essened,�he insuranc�pr��eeds sha��be app�ied�o�he sums secured by�his
<br /> Security �nstrument, whether or not then due, vvi�h any �x�ess pa�d �o Borrower. �f Barr�wer abandnns the
<br /> Property, or dfles no�ansvv�r w�thin�h�num�er of days prescri�ed by Applicab�e Law as set fa�th in a notxce from
<br /> Lender to Borrower�ha��he insurance �arri�r has offered to sett�e a��aim, �hen Lender may co����t�he �nsuranc�
<br /> proceeds. Lender may use the proceeds to repair �r rest�re �the ProperCy or t�pay sums secur�d b��h�s Se�urity
<br /> Instrument,wh��her ar not then due.The peri�d��'�im�far B�rr�v�er�o answer as se�for�h�n th�notice wil�begin
<br /> when the�ot��e�s g�ven.
<br /> Unless Lender and Borrawer otherwxse agree in wr��ing, any app�ica�ion of proceeds�o princzpal shall not extend
<br /> or postpone�he du� date of�he payments due under�he �on�rac�or change�h.e amaunt af the payments. �f under
<br /> the sec��on�it�ed Accelera�ion; Remed��s, the Praperty rs acquired by Lender, Borrov�er's r�ght t� any �nsurance
<br /> policies and proc�eds resu���ng from damage �o �he Properry pr�or to the acquis��ian shall pass to Lender to the
<br /> exten�of�he su�ns secured by this Security�nstrumen�i.rnmedia�ely pr�flr to the acquis����n.
<br /> P�-eserva��on, Maintenance and Pratect�vn vf �he Prvperty; Borrovv�r'� Loan App�xcat�on; Leaseholds.
<br /> Barrnwer sha��not destroy, damage or xmpair the Properry, allow�he Prop�r�y�a de�eriorate, ar comm��vvaste fln �
<br /> the Pr�p�r�y.Borrower sha�I be in defaul�if any forfeiture action or pr�ceedrng,wh�ther c�v�l ar crim�nai,is begun
<br /> �hat in Lender`s good fa�th judgmen� cou�d result in forferture of�he Froperty or o�he�-v�ise materialiy impair the
<br /> lien created by �h�s Security �nstrumen� or Lender's secur�ty xn�erest. Borrower may cure such a defau�� and
<br /> reins�at�, as pro�ided in se��xon titl�d Borrovver's R�gh� �o Reins�ate, by caus�ng the action or proceedrng�a be
<br /> d�smissed vwith a ru��.ng�ha�, in Lender's gnod fai�h�e��rm�nat�an,prec�udes forfeiture of�h�Borrower's inter�s�in
<br /> th� Proper�y or other materral �mpairmen� af the Iien created by this Security �nstrument or L�nder's security
<br /> in�erest.Borro�ver sha11 alsa be in defau�t�f Barr�wer, during�he I�an app�rca���n process,ga�e ma��rrally fa�se or
<br /> �naccurate informat�fln or statements �a Lender �or fai�ed �o pr���de Lender vvxth any materia� informa�ion� �n
<br /> connectzon with�he �oan evidenced h��he Con�ra�t. If th�s Secur�ty Ins�rumen� �s on a leaseh�ld, Borrower sha��
<br /> comply wi�h a��the prfl�isions of the lease. �f Borrower acquires fee title to�he Proper�y,�he leasehold and�he fe�
<br /> title sha11 not merge unless Lender agrees to�he merg�r�n writing.
<br /> P�-otect��n of Lender's Righ�s �n the Property. If Borrovver fai�s to perfarm the covenants and agre�ments
<br /> �ontained in this Security�nstrumen�, or there is a lega�proceeding that may sign�fican��y affect Lender's r�ghts in
<br /> the Praperty �s�ach as a proceeding zn bankrup�cy, pro�ate, for condemna�ion or farfei�u.re or �o enforc� lav�s �r
<br /> regula�xons}, �h�n Lender may d� and pay for whatever is necessary to pro�ect the value of�he Property and
<br /> Lender's r�ghts in�he Properfiy. Lender's ac�ions may inc�ude paying any�ums secured by a Ii�n�vhich has pr�ority
<br /> ��er this Security Instru�ment, appearing in caurt,paying reasona�b�e at��rneys'fees and en�er�ng an the Property�o
<br /> make repairs.A.�though Lender may take ac�r�n under�h�s section,Lender does nat have�o da so.
<br /> Any amounts disbursed by L�nder under �his sec��on shai� become add��i�nal debt of Borrower secured by this
<br /> Security �nstru�nen�. Un�ess Barr�vver and Lender agree to o�her �erms of paymen�, �hese amaun�s sha�� bear
<br /> in�erest from �he da�e nf dis�ursement a� the same rate assessed on ad�ances under the �ontrac� and shall be
<br /> payabie,with�r�ter�st,up�n natic�from Lender��Borr�v�er requesting paym�nt.
<br /> C�2��4-20�3 Cvmptiance Systems,Inc.9F9d-097b-2413L2.0.72 i
<br /> Consumer Rea�Estate-S�curity�nstrument DL2436 Page 2 of 5 wwtiv.compliancesystems.carn
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