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��14�541�
<br /> Applicable Law. As used in �h�s S�curi�y Instru�nen�, the �erm "Applicab�e Law" shall mean all con�ro�ling
<br /> appli�ah�e federa�, s�ate and Iocal statutes, r�:gu�atzans, �rdinan�es and admin�stra���e rules and orders �that ha�re
<br /> th�e effect of�avv}as�e��as a1�applicable fina��,non-appealab�e�udicia�opin�ons.
<br /> �harges; L�ens. Borr�wer shall pay alI �a��es, assessments, charges, fines and impositions attribu��.ble t� th�
<br /> P�-operty which may a�tain pr�or�ty ov�r th�s �5ecuri�y Instrumen�, and Xeasehold payments or ground ren�s, �f any.
<br /> At the reques��f Lender,Borrovver shall pro��ptly furnish�o L�nder r�ceip�s evidencing�h�payments.
<br /> B�rrfl�ver shall promptly discharge any lien vvh�ch has pr�ority over this Se�urity �nstrument un�ess Borrower: �a�
<br /> agrees in �tnrri�ing ta the pa�ment af�he obl�ga�ion secured by th� lien in a manner accep�ab�� �fl Lender; �b�
<br /> cont�sts in good faith the �ien by, ar defends aga�nst enf�rcement of th� lien in, �egal proceed�ngs whi�h in the
<br /> L�nder's apinion �perate to pre�en� �h� enfarcem�n� of�he ��en; �r �c} s��ures from the holder of th� Iien an
<br /> agreement sa��sfactory to Lender subord�natiz�g the ���n to�h�s Se�uri�y Instrument. �f Lender det�rm��es�hat any
<br /> part of the Property �s sub�ect ta a l�en�hicl�may at�a�n pr�arx�y ov�r�h�s Security rnstrument, Lender may give
<br /> BorrQ�er a notice identifying�he Iien. Borrow�r shal� sa��sfy�he �ien or take one or m�re of the �.ctia�.s se�forth
<br /> above v�ithin 14 days af the giving of no�ice.
<br /> Hazard or Pr�perty Insurance. Bonrower s�ha�l keep the impravements nov�r exis��ng or hereafter�rec�ed on the
<br /> P�operty insured against loss by fire,hazards inc�uded w��hi.n the term"ex�ended co�erag�" and any�ther hazards,
<br /> ir�clud�ng flaods or flooding, far which Lender r�qulres insurance. This znsurance sha�I be main�ained in the
<br /> amaunts and far�he peri�ds that Lender re�unres. The insuranc�carrier prov�ding�he insura.nce sha�I be�hosen�y
<br /> Borro�ver sub��c� �o Lender's approval whic� sha�� no� be unreas�riab�y wi�hhe�d. �f Borrov�r�r fa��s t� ma�n�ain
<br /> �o�erage descr�b�d a�ove, Lender may, at Lender's opt�on, obtain coverage �o pra��c� Lender's ri�h�s in the
<br /> Properry�n ac�ordance with se�tian�i�led Prc�tection of Lender's Rights in the Property.
<br /> All insurance polici�s and r�n�wals �ha�� be ac��p�ab�e to Lender and sha�� znc�ude a standard mor�gage c�ause.
<br /> L�nder shall ha�e�he r�gh�t�hald the policiPs and renewals. If L�nder requir�s, Borrower shall promp�Iy gi�e�a
<br /> L�nder a��receipts of paid premiums and renewa�no�ices. Xn�he e�en�of Ioss, Borrovver shall biv�prampt n��ice
<br /> t�the�nsuranc�carr�er and Lender.Lender may make proof of loss�f not made promptly by Barr�wer.
<br /> Unless Lender and Borrawer o�herwise agr�fe in wri��ng, insurance praceeds shall �e appX�ed �a re�tara��on or
<br /> r�pa�r of�he Proper�y damaged, xf, �.n Lender's sole d�scretion, th� res�oration or r�pa�r is economxcal�y feas�ble
<br /> and Lender's s�curity is not �essened. Zf, �n Lend�r's sole d�scre�ion, the restoration or repair is n�� economically
<br /> f�asible or Lender's securi�y wou�d he Iessened,�he insurance procee�s shall�e app��ed to the sums secur�d by this
<br /> S�curi� Instrument, v�hether or nvt then d�ue, v�ith any excess paid �o Borrawer. If Barrower ab�.ndons �he
<br /> Praperry,or d��s no�answer w��hin the number of days prescrxbed by App�icab�e Law as se�for�h in a na�ice from
<br /> L�nder�o Borrower that the �nsuran��ca.rrie�•has offered�o set�Ie a�1aim, �hen Lender may collec��h� xnsurance
<br /> pro�eeds. Lender may use �he proce�ds to repair or restore the Properry or to pay sums secured by�h�s Secur�ty
<br /> I�strumen�,�vhether or no��hen du�. Th�per�s�d of t�me for�3arrotiver to ansv�er as set f�r�h�.n.�he�.at�c�vvil�begxn
<br /> �hen the notice�s g��en. .
<br /> LTn�ess Lender and Borrower otherwise agr�e in wr��ing, any app��ca��on of prnceeds�o pr�ncipal shall no�ex�end
<br /> ar postpone�he due date of�he pa�ments du� under the Contract or change the amount of the payments. If under
<br /> the section�����d Ac�e�eration; Remed�es, tr�e Property is acquired by Lender, Borrov�er's righ�to any �nsuran�e
<br /> poli�i�s a.nd proceeds resulting from damag� ta �he Property prior to the acquisi�ion shal� pass to L��der to the
<br /> e��ent of�he sums secured by�h�s Security In�trum�n��mxnediately prior�o�he acquisition.
<br /> P�-eservatifln, �Vlaintenance and Prote�tion of the Property; Borrawer's Loan Appli�ation; I,�easeholds,
<br /> B�rrower sha��not destroy, damage �r�mpa��•the Proper�y, a�Iow the Proper�y�o deteriora�e, ar cammi�was�e on
<br /> th�Praper�y.Borrower sha���e in defaul��f am�forfei�ure a�tion or proceedimg,Whe�her civ�1�r crimina�, �s begun
<br /> that in Lender's g�od fa��h judgment could r�su�t in farf�iture of the Property or otherwise ma�erially impaxr�he
<br /> lien created by this Se�urity �nstrument or Lender's secur��y �nteres�. B�rrovc�er may cure such a defau�� and
<br /> reinsta�ey as pr��ided in s�c��fln t���ed Borro��ver�s Rxgh� t� Reinstate, by�aus�ng th� action ar proceeding�o be
<br /> d�smissed wi�h a rul�ng that, in Lender's good fai�h determinatian,pre�ludes forfeitur�of�he Barrower's interest rn
<br /> �he ProperCy or o�her mat�r�a� inlpairment of the lien created by this Security �nstrumen� ar Lend�r's security
<br /> interest.Borrawer sha�l alsa be in defau���f Borr�vver,dur�ng the Ioan applxca���n process,ga��materrally fa�se or
<br /> inaccura�e information flr s�atenaents to Lender �or failed ta pro��de Lender v�ith any ma�er�al information} �a
<br /> �onn�c�ion with�he ��an e�idenced by the C�ntract. �f�his Security �nstrument�s on a leaseho�d, BarroWer shal�
<br /> ��mply v�zth aII�he provisions flf�he�ease. rf Borravver acquires fee tit�e to the Prop�r�y,�he �easeho�d and the f�e
<br /> �i��e sha�l not merge unless�,ender agrees ta t�:�e merg�r ix�.writing.
<br /> Pro�ectian of Lender's Rights �n the Praper�y. If Borr�w�r fails to perform �he covenants and agreements
<br /> c�ntained in�hzs �ecurity�ns�rument, or there is a legal pr��eeding�ha�may significant�y affect Lenderrs righ�s in
<br /> the Propert� �such as a pro�eeding �n bankru.p�cy, proba�e, far candemnation or forfei�ure ar to enforce lavvs or
<br /> regu�atians}, then Lender may do and pay for whate�er is necessary �o pro�ec� �he value of�he Pr�per�y and
<br /> I.ender's righ�s in the Prflpert�. Lender's act�o�ls may inc�ude payxng any sums secured by a lien wh�ch�as priori�y
<br /> vv�r�h�s Secur���nstrument, appear�ng in co�urt,paying reas�na�ble attorneys'fees and enter�ng on�he�'roper�y ta
<br /> make repa�rs.Al�hough Lender may�ake a���on under�his sec�ian,Lender d�es nfl�ha�e to do so.
<br /> Any amaun�s d�sbursed by Lender under thi� sect�on sha�l become additional d�bt flf Barrower secured by this
<br /> �ecurity Instru�nent. Un�ess Borravver and L.ender ag�ree �o oth�r �erms of paymen�, these amounts sha�1 bear
<br /> �n�erest from the da�� of dis�ursement a� th�; same ra�e ass�ssed on ad�ances under �he �on�ract and sha�� be
<br /> payab�e,vv��h��.�eres�,upon no�ic�from Lend�r to Borrower re�ues��ng paymen�.
<br /> C�24�4-20I3 Cam�Iiance Systems,Inc.9F95-8�2D-2013L2.Q.721
<br /> Consumer Real Estate-Security Instrument DL2D36 Page�of 5 www.cvmp�iancesystems.cam
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