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<br /> App��cab�e Law. As us�d �n �his Security �nstrumen�, the term "Applicab�e Law" shall mean al� cantrolling
<br /> applicab�e federa�, state and iocal statutes, r�gula�ions, ordinances and adm�nistra��We rules and orders �that ha�e
<br /> �he effect of�av�}as w�Il as a��applicab�e fnal,non-appea�able judicial op�n�ons.
<br /> �harges; Lxense Borrovsrer shall pay a�l taxes, assessments, charges, fin�s and rmpos��i�ns attr�butable t� �he
<br /> Properfiy�h�ch may atta�n pr�or��y�ver�his Secu.rity Instrumen�, and leasehold paymen�s nr graund ren�s, if any.
<br /> At�he re�uest af Lender,Borrower sha�1 promp��y furn�sh to Lend�r recezpts e��denc�ng the paymen�s.
<br /> . Barr�wer sha�l prompt�y discharge any lien�vhich has prior�ty ov�r this Securi�y Instrument unless Borrawer: �a}
<br /> agrees �n vv�-i��ng ta the payment af�he abl�ga��on secured by the Xzen zn a man.ner acceptable to Lender; �b}
<br /> con�ests �n good faith th� X�en by, or defends agains� enfor�emen� af�h� ��en �.n, lega� prnc��d�ngs which in the
<br /> Lender's opi.nion operat� to pre��n� the enfor�emen� af�he ��en; or �c� secures from the holde� of the �i�n an
<br /> agreemen�sat�sfac�ory ta Lender subordina�ing th� �ien�a th�s Se�ur�ty�nstrument. If Lender determ�nes�ha�any
<br /> part af the Property �s subj�c��o a ��en vt�h��h may at�ain prxori�y over this Security Instrument, Lender may g�ve
<br /> Borrov��r a nfltzce �den�zfy�ng the lien. B�rrov�r�r shal� satzsfy the �ien or�ak� ane or more of�he ac�ians sef for�h
<br /> above w�thin ��days of the grving of n��xce,
<br /> Hazard or Propert�Insurance. Borrflvver sha��k�ep the improvements nfl�r existing or hereafter erec�ed�n�he
<br /> Properfy insur�d aga�nst�oss by fre,ha�ards znc�uded with�n th���rm"ex�ended c�verage" and any ath�r hazards,
<br /> �nclud�ng floods or flooding, for which Lender requires insurance. Th�s insurance shall be ma�ntained in �he
<br /> a.mounts and for the per�ads�hat Lender requ�res. The i.x�surance carrier providing�he xnsurance sha�l be chosen by
<br /> Borrower subject to Lender's appro�al which shall no� be unr�asanably v�ithheld. �f Borrou�er fails ta main�ain
<br /> co��rage described above, Lender may, at Lender's op��on, ob�.ain eov�rage to protect Lend��'s r�ghts in the
<br /> Praperty in a�c�rdance vv��h s�ction t�tle�i Pr�tect�an of Lender's Rights in the Property.
<br /> Ali insuran�e pa��cies and renev�als sha�l be acceptabl� �o Lende.r and sha�l �nclud� a s�anda.rd mor�gage clause.
<br /> Lender sha�l hav��he ribht�o hald the pol�c�es and renewals. �f L�nder r�quires, Borrov�er shall promp�Iy giv��to
<br /> Lender all re�eipts of pa�d premiums and ren�wai not�ces. �n the event of loss, Borrower sha11 g��e promp�no�ice
<br /> �o the�nsurance carrier and Lender.Lender rn�y make proof�f Xos��f n��made prampt�y hy Borro�ver,
<br /> Unless Lender and Barravver otherv��se agree in wri��n.g, insurance praceeds shal� be app���d �� res�orat�an or
<br /> repa�r of the Propez�ty damag�d, if, �xa. Lend�r's sole d�scre�ion, t�ne res�aratian or repa�r is economica�ly feasible
<br /> and Lender'� secur�ty �s not Iessened. �f, in I�ender's sole dis�reti�n, �he restoration �r r�pair �s not ec�nomi�a��y
<br /> feasibie or Lender's secur�ty would be I�ssened,�he insuranc�proc�eds shall be applied to�he sums secured by th�s
<br /> Security �nstrum�n�, whether or not then due, w��h any e�cess paid to Borrower. If Borrovver aban�ons the
<br /> Property, or does not answer wz�hin�he number of days pres�r�bed by Appl�cab�e Law as se�for�h in a no�ice from
<br /> Lender�o Borrower tha��he �nsurance carrier has offered ta set��e a clarm, �hen Lender may c���eet�he insurance
<br /> proce�ds. Lender may use �he praceeds �a repair �r r�s�Qre the P��per�y or�to pay sums secured�by this S�cur�ty
<br /> �ns�rumen�,whether or na��hen due. The period of time far Borr�v��r�a answer as se�fflrth in the no�ice wi��begin
<br /> �hen�he notice�s given.
<br /> Un�ess L�nder and Borrawer otherwise agree in writ�ng, any appinca�xon of praceeds t�principa� shai�not extend
<br /> or postp�ne�he due date of the payments due under the Cflntra�t+�r change �he amount of the payments. If under
<br /> �he section t��led Ac�e�erat�on; R�medies, the Proper�y �s acquir�d b�Lender, Barr�v�rer's right ta an�insurance
<br /> po��cies and praceeds resultzng fram damage ta the Prflperly pr�ar to �he acqursition shal� pass to Lender ta th�
<br /> ex�en�flf�he sums secured by thzs Secur�ty�n�trument imm�diately prior�o�he a�qu�s����n.
<br /> Preser�at�on, NN�aintenan�e and Pro�ection of �he Pr�pert�; I3orr�wer's Loan Applicatio�; Leaseholds.
<br /> Bflrraw�r sha�l n��destroy, damage or�mpair the Properry, a��aw the Praper�y to deteriorate, or commit waste an
<br /> �he Proper�y. Barrower shal�be in defaul�if any forfei�ure ac�ion o�procee�.ing,vvhe�her c�vzl or cr�m�na�, is begun
<br /> that Yn Lender's good faith�udgment cou�d resul� �n forfei�ur� af�he Property or otherwise ma�erially impair the
<br /> Iien �reated by �his Securzty �ns�trument ar Lender's security in�:�rest. B�rrower n�ay cure such a defau�� and
<br /> reins�ate, as pro�id�d in sec�x�za titled Bvrrovv�errs Right ta Reincta�e, by caus�ng��e action or pr�oceedzng�o be
<br /> d�smisse�v�ith a ruling tha�, in Lender's good faith determ�na�ian,precludes forfeiture af�he Borrov�er's in��res�in
<br /> the Proper�y �r ��her mat�rxa� impa�rment of�he lien created by �h�s Secur��r Instrumen� ar Lender's securi�y
<br /> in�erest.Borr�wer sha�l alsa be in defau��if Borrower,during�he loan app�ica��on pro�ess,ga�e mater�a�Iy fa1s�or
<br /> �naccura�e �nformatian ar s�atements ta Lender �or fa��ed to pr�vxde Lend�r v�ith any ma�eria� �nforma��on� �n
<br /> connect�on w�th the laan e�idenced by the �an�ract. �f this S�cur��y �nstrumen�is on a Ieaseho�d, Barrower sha��
<br /> comply wi�h alI the proviszons of the lease. �f�3arrower acquires fee��t1e to the Prop�rty,�he leaseh�ld and the fee
<br /> �it��sha�l r�at merge unless Lender agrees�o the merger in wrx��ng.
<br /> Prote�ti�n of Lender's Rights in the Pr��erty. If Bflrro�er fails �o perfarm the covenants and agreements
<br /> con�a�ned in�his Secur�ty�nstrumen�, or�here is a lega�proceed�ng that ma�sign�f cantly affect L�nder's righ�s �n
<br /> fhe Praperty �such as a prace�drng �n bankru���y, proba��, for candemna�xon ar forfeiture or�o enforce laws or
<br /> regulations�, then Lender may do and pay for whatever is n�ce�sary �o pratect �he vaiue of th� Prap�r�y and
<br /> Lend�r's rights in�h�Prop�rt�. L�nder's act�ons m�y�nclude payin�any sums se�ured by a iien which has priority
<br /> o�er�his Security�nstrumen�, appearing�.a caur�,payrng reasonabl�attorn.eys'fees and entering on�h�Pr�perty to
<br /> make repa�rs.Although Lender may take ac�ion under�hzs sec�ion,�Lender daes n��ha�e�o d�so.
<br /> Any amoun�s di�bursed by Lender under th�s se�t��n sha�� become add���onal debt of Barrower secured by this
<br /> Securi�y �nstrument. Unless Borr�vt�er and Lender agree �o o�h�� terms af pa�xner��, �hese amounts sha�l bear
<br /> �nteres� from the date of d�sbursement at the san�� ra�e assessed on advances und�r �he �ontract and sha�l be
<br /> payab�e,Wi�h�nt�res�,up�n notice fram Lender�ti Barrawer r�questing paym�nt.
<br /> Q 2044-2413�orrtp�iance Systems,Inc.9��6-53CS-2413L2.4.721
<br /> Cons�mer Real Estate-5ecurity Ir�strumer�t DL2�35 Page 2 of 5 www.�ampliancesystems,com
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