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��14�4543
<br /> Applicable Law. As used in this Security Instrument, the �erm "Applicab�e Lavv" shall mean aIl c�ntroiling
<br /> applicable fe�.eral, state and �oca� s�a�utes, regula�rons, ordinances and admin�strati�e rules and orders ��hat have
<br /> �he effect of la�v�as v�ell as a�l applicab�e fnal,non-appea�ab�e�ud�cial apinions.
<br /> �harges; Liens. B�rrower shall pay all taxes, asses�men�s, �harges, f nes and impositions attri�utable �o the
<br /> Property wh�ch may attain pri�rity ov�r�his Securi�y Ins�rum�n�, �nd �eas�ha�d payments or ground rents, if any.
<br /> A��he request of Lender,Borrower sha��pr�mp�Iy furnish�o Lender recerpts evidencing�he paymen�ts.
<br /> Borrower shall promp��y discharge any lien Which has �r��r�ty o�er this Secur�ty �nstrumen�unless Borr�wer: �a}
<br /> agrees rn �vri��ng t� the payment of�he �bliga�ifln secured �y the lien in a man.ner acc�ptable �� Lender; �b�
<br /> contests in good fa�th �he ��en by, ar defends against enforcemen� of�he �ien �n, legal proceed�ngs which �n �he
<br /> Lender's apinion �pera�e �a pre�en� the enforcement �f�he lien; �r �c} secures from �h.e holder af the lien an
<br /> agreement sa�isfac�ory to Lender su�ord�na��ng the �ien�o th�s Secur�ty Instrumen�. �f Lender de�ermines tha� any
<br /> pa.rt of th� Propez�ty �s subject to a ��en which may at�a�n pri�r��y o�er�h�s Security Instrument, Lender ma�g��e
<br /> Barrfl�ver a no�ice �den�ifying the lien. Borrov�er shali satisfy the l�en or take one or mare of�he actxo�.s s�t forth
<br /> a�ove�ri�h�n I D days of the giving of natxce.
<br /> Hazard �r Property Insurance, Borrow�r shall keep�he improv�ments now�x�sting or herea�ter ere���d on the
<br /> Praperry insured agains�loss by fire,hazards in�luded v�ithin the�erm"ex�ended coverage" and any other ha.zards,
<br /> including floads or flooding, for which Lender requires �nsuran�e. This �nsuran�e shall be main�ained �n the
<br /> amaun�s and for the periods that Lender requires. The insurance carrier pro�iding th��nsurance shall be chosen by
<br /> Borrower su��ect to Lender's approval which shall not be unreas�nably vv��hheld. �f Borrower fails to mai.ntain
<br /> c�verage d�scrib�d a�ove, Lend�r may, a� Lender's op�ion, ab�ain coverage �a pro�ec� Lender's r�ghts �n the
<br /> Prop�r�y�n accflrdance v��th sec�zan�it�ed Protection of Lender'��iights in�he]Proper�y.
<br /> AlI insurance p�licies and renewa�s sha�l b� acceptab�e �o Lender and sha�� znclude a s�andard mor�gage clause.
<br /> Lender sha1�have the right�o hald�he policies and renewa�s. �f Lend�r requires, Borrov�rer shall promptly give to
<br /> Lender aI�recerpts of paid premiums and renewal no���es. In�he even�af I�ss, Borrower shail give promp�no�ice
<br /> �o�he insuran��carrier and Lender.Lender may make proaf�f�flss if not made pr�mpt�y by Borrower.
<br /> Unless Len�er and Borrovver o�herwise agree �n vvrx�ing, insuran�e praceeds shal� �e appl�ed �o r�s�flration �r
<br /> repa�r of�he Proper�y damaged, if, in Lender's sole discretion, th� restoratlon or repair is economica�ly feasible
<br /> and Lender's securifiy is no� �ess�ned. �f, in Lender's sa�e discreti�n, the res�orat�an ar repa�r is not econom�ca��y
<br /> f�asible or Lender's secur��y wau�d be lessened,th�insurance proc�e�s shall b�applied�o�he sums se�ured by this
<br /> Securi� �nstrument, whether or not then du�, �z�h any excess paid to Borrav�er. If Borrower abandons �he
<br /> Froper�y,or does not answer Wi�hin the nu�mber of days pr�scribed by Applicable Law as se�for�h in a no�ic�from
<br /> Lender�o Borrower tha��he insurance carrier has offered tfl se�tle a claim, �hen Lender may c�llec�the insurance
<br /> pro�eeds. Lender may use the pr��eeds ta repair ar restare the Prop�r�y or to pay sums secured by this Securi�y
<br /> �nstrutmen�,�he�her or���the�due.The period af�ime for Bflrrower��answer as se�far�h in�he n�tice wil�be�in
<br /> �vhen the ntitice�s g��en.
<br /> Uniess Lender and Borrflwer�therwise agree �n wr�ting, any applica�zon of proceeds�o princ�pal shall no�ex��nd
<br /> or pos�pone�he due date of�the payments due under�he Contract or change the amount of�he paymen�s. rf under
<br /> �he sec�i�n titled Acceleration; Remed�es, �he Property �s ac�uired�y L�nder, Borrovver's righ�ta any insurance
<br /> po�icies and pro�eeds resul�ing from damage �o the Proper�y przo�to the acquisit�on shall pass t� L�nder to �he
<br /> ex��nt of the sums secured by th�s Securi�y Instrument�mmed�ately prior tfl the acquisi�ion.
<br /> Preserva�i�n, Maintenance and Protection of the Property; Borrawer's Lvan Apptication; L�aseholds.
<br /> Borrov�er shall no�destroy, damage or impair the Praper�y, a�lflw the Praper�y to deter�ora�e, or comm��was�e on
<br /> th�Prape�-ty.Borrower sha�I�e in defau��if any forf�zture actzan�r praceeding,v�hether cr�i1 or criminal,�s begu�a
<br /> tha� in Lender's good faith judgment cauld resu�t in fflrfei�ure �f the Property or a�hervvise ma�eria��y i.mpa�r th�
<br /> lxen crea�ed by �his 5ecurity �ns�rumen� �r Lender's security int�res�. Borrower may cure su�h a default and
<br /> rei�nsta�e, as pro�ided in section titled Borro,r�ver's R�ght to I�.ein�tate, �y causing the ac��on or proceeding to be
<br /> dism�ssed wi�h a ruling�hat, �n Lender's good fa��h determination,�recludes forfei�ure nf the Sarrawer's �nteres�in
<br /> the Properry or other ma�erial im.pairmen� of the �ien Greated by �h�s S�cur�ty �nstrument �r Lender's s�curx�y
<br /> in�erest.Borrower sha�l a�so be in defau���f Borrower, during�he l�an app�icatxon process,gave mat�ria�ly fals�or
<br /> inaccura�e informatzon or statements �a Lender �or fa�Ied �o provid� Len�.er with any ma�er�a� informat�on} in
<br /> cannec��on w��h the Ioan e�idenc�d�y�he �on�ra�t. zf this Security Instrument is on a �easeho�d, Borrower shal�
<br /> comp�y w�th alI the pra�zs�ons af the lease. �f Borrower acqu�r�s fe�ti��e�o�he Property,the�ea�ehold and�h�fee
<br /> ti�Xe shall no�merg�unless Lender agrees�o�he merger�n writing.
<br /> Prote�tion �f Lender's RightS in the Property. �f Borro�er fails to p�rform the co�enants and agreements
<br /> con�a�ned in�h�s Security Ins�rument, flr there �s a�ega�pr�ce�ding that may s�gnifcantiy affect Lender's rights �n
<br /> the Property �such as a pro�eed�ng in bankruptcy, probate, f�r candemna�ian or forfeiture or to �nforce �aws or
<br /> regu�ations), then Lender may do and pay for whatever xs necessary to pro�ect the value af�he Prop�r� and
<br /> Lender's righ�s in�he Properly. Len�er's ac�ians may�n�lude paying any sums secured�y a lien which has priorit�
<br /> �ver�his Security�ns�rument, appearing in c�ur�,paying reas�nable attorn�ys'fees and entering on the Proper�y to
<br /> make repairs.Al�haugh Lender rnay take action und�r this se�t�on,Lender da�s not have to dfl so.
<br /> Any amoun�s dis�bursed by Lender under �hzs section sha�X becom� add�txana� de�t of Borrovver se�ured by this
<br /> Securxty Instrument. I.Tnless Borr�v�er and Lender agr�e to ather terms ❑f payment, th�se amounts shall bear
<br /> �nteres� from the da�e of disbursement at �he same rate assessed on ad�ances under the �on�ra�t and shal� be
<br /> pa�able,with interest,upon no�tice from Ler�der to Borrawer requ�s�:�ng paymen�.
<br /> �20�4-2013 C��rt�Iiance Systems,Inc.9F95-SADA-2fl13L2.fl.721
<br /> Cansumer Real Estate-Sece�rity Instrurnen�DL2436 Page 2 of 5 www,camplian�esystems.cvm
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