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��14�5�5�
<br /> App��cab�� La�v. As used in this Se�uri�y �nstrumen�, th� term "App�icab�e Lav�" sha�� mean al� controlling
<br /> applicable federa�, state and �oca� sfiatutes, regulatr�ns, ardinances and adm�n�s�rati�� rules and�rders ��hat have
<br /> the effec�of la�v�as�vell as a�l app��cab�e final,n�n-appealable judicial op�n�ons.
<br /> �harges; L�ens. Borrower shall pay al1 �ax�s, assessmen�s, charges, f�nes and imposit�ans attr�bu�able to �he
<br /> Pr�perty which may at�a�n pr�flr�ty over this Se�urity Instrument, and �eas�ho�d payments or grouza.d r�n�s, �f any.
<br /> A�the r�quest of Lender,Borrovver shall prompt�y furnxsh�a Lender receipts evid�nc�ng the payments.
<br /> Borrower sha��prnmpt�y d�scharge any l�en�vt�hich has priority over th�� ��curity Instrument unless Borrower: �a}
<br /> agrees in wr�ting t� the paym�nt af�he o�i�ga�i�n se�ured by �he ��en �n a mann�r acceptab�e ta Lender; �b�
<br /> c�n��sts in good fax�h �he �ien by, or defends against enf�rcement of�h� Ii�n i.n, �ega� pra�eedings v�hich in �he
<br /> Lender's op�n�on Qperate to prevent �he enf�rcement of�he lien; or �c� secures from the holder of�he �ien an
<br /> agreement sat�sfa��ary to L�nder subord�na�ing�h� Iien�o �h�s Security��.strumen�. ��L�nder de�ermines that any
<br /> par� of the Prope�.y is subject to a lien v�hich may a�tain priarity over�h.�s Securx��nstrument, L�nder may g�v�
<br /> B�rrow�r a not�ce �den�zfying�h� ��en. Borrower shail sa��sfy the li�n or�ake one ar more of the actions �et for�h
<br /> abave w��hin 1�days of�he gxving of no�xce.
<br /> Hazard or Prop�rty Insurance. Barro�er shall keep the improvemen�s nov�ex�s��x�.g or hereafte�erec�ed an the
<br /> Proper�y�nsured aga�ns�loss by fire,hazards included within�he�erm"e�tended cn�erage" and any other hazards,
<br /> �ncluding floads or floading, for v�hich Lender requ�res insurance. Th�s insurance sha�T be main�a�ned in the
<br /> amounts and far�he periods�hat Lender requires. The�nsurance carrier providing�he insurance sha1l be chnsen by
<br /> Borrovver subject to LenderTs appro�a� which sha�� no� be unreasonably vvi�hheld. �f Borrovver f�.ils ta main�ain
<br /> caverage described above, Lender may, at Lender's option, ob�ain co�erage to pro�ect Lender's righ�s �n �he
<br /> Property in accordance with sec���n�it�ed I'rotec��on�f Lender's Rights in the Property.
<br /> A11 insurance pol�cies and renevt�als shall be acceptable t� Lender and s�a�� �nclude a s�andard mar�gage clause.
<br /> Lender sha�1 have�h�righ��o ho�d�he po��c�es and renevsrals. If L�nder r�quires, Borrov�er sha��pramp��y gxv�ta
<br /> Lender aIl receip�s of paid pr�m�ums and renevval notices. �n�he e�en�of�oss, Borr�vver shall g�ve promp�no�ice
<br /> to�he insurance carrier an�Lender.Lender may make proof of lass�f not m.ade prom���y by Borro�er.
<br /> Unless Lender and Barrower o�herv��se agree in writing, �nsurance proceeds shali be app�ied �o res�ora�ian or
<br /> repair of th� PraperCy damaged, �f, in Lender`s sale discreti�n, �he restoration or repair is ec�n�m�caTly feasible
<br /> and Lender's se�urxty �s nat �essened. If, in Lender's sole discretion, �he res�ora�ion or repair xs no� econom�cally
<br /> feas�bie�r Lend�r's secur�ty would be lessened,the xnsurance prflceeds shal�be applied to�he sums secured�y�h�s
<br /> Securi�y �ns�rument, v�hether �r not then du.�, ���h any e�cess paid to Barrawer. �f Borr�w�r aband�ns the
<br /> Property, ar does nat answer v��th�n�he number of days prescribed by Applica�b�e Law as se�farth in a natice from
<br /> I�ender t� Borrow�r that�he insuran�� carrx�r has offered to settle a clair�, then Lender may calle�t the �nsuranc�
<br /> proce�ds. Lender may use the proc�eds �a repair �r restare the Pr�per�y or to pay sums secured by thzs Security
<br /> zns�ru�n�n�,whe�her or no�then due.The period of t�me for Borrovver�o ar�swer as set forth in the�otic�v���l beg�n
<br /> when�he not�ce is given.
<br /> Unless Lender and Borrov�er o�herwise agree in wri�ing, any app���at�on of pro�eeds t�prrn�ipai sha�I not ex�end
<br /> or postpone�he due date of�he paymen�s due under the Con�rac��r change the amoun�of the paymen�s. �f und�r
<br /> the section�i�led Acceleratinn; Remedies, �he Property is acqurred�y L�nd�r, Barrower's right�fl any insurance
<br /> polic�es and proc��ds resu��xng fr�m damage to the Praperty priflr�o th� acquxs�t�on shal� pass �o Lend�r �o �he
<br /> ex�ent of the sums se�ured by thrs Security�nstrum�n��mmediate�y prior to�he acqu�sxt�fln.
<br /> Preservation, Ma�ntenance and Protectivr� of the Property; Borrower's Laa� App��ca�i�n; Leaseho�ds.
<br /> � Bonr�wer shall not destroy, damage or impair the Proper�y, al�ovv the Praper�y�a det�rxora�e, ar�ommit waste on
<br /> the Proper�y.Borrov�er sha��b��n defau�t if any forfeiture ac�i�n or proce�ding,whether c��il or cr�m�na�, is begun
<br /> �ha� �n Lender's good fa��h�udgm.ent could resu�� in forfe��ure of the Property or o�herw�se materially impair�he
<br /> �ien crea�ed by this Security �nstrument or L�nder's secur�ty in�erest. �orrower may cure su�h a default and
<br /> reins�a�e, as pra�ided in sect�on titled Borrower's R�ght to l�e�nstate, by causing�he ac�ion or proc�eding to be
<br /> dismissed with a ruli.ng�ha�, �n Lender's gaod faith de�ermina�ion,prec�ud�s forfe�t�.re flf the Borrovver's interes�in
<br /> �he Property or a�her material impaxrmen� of�he �ien created by �h�s Secur�ty Instrumen� or Lender's security
<br /> �n�eres�,B�rrower sha1�alsa be in defau�t�f Borrovv�r,during the loan appl�catian prflcess,ga�e m�.teria�ly false or
<br /> �naccurate information or s�atemen�s �o Lender �or fai��d to pravide Lender with any material �nformatian} in
<br /> conn�c�ion�ith the �oan e�rdenced by�he �antrac�. �f�his Se�urity �nstrument �s an a I�asehold, B�rrow�r shal�
<br /> camply vv�th a�l�he pra��sions of�he l�ase. If Borrower acquzres fee��tle to�he Property,the��asehold and the f�e
<br /> ���Ie shall nat merge un�ess Lender agrees to th�merger in v�r��xng.
<br /> Protection of Lender's Rxghts in the Proper�ye If Barrower fails �o perform the cavenan�s and agreements
<br /> canta�ned�n this Secur��y�nstrumen�, or�here is a lega�pr�ceeding tha�may s�gnxf�cantly affect Lender's ri�hts in
<br /> the Propezrty �such as a pra�eeding in ba.nkrup��y, proba�e, far condemnation or forfeiture ar tfl enfor�e �aws or
<br /> regula�ions}, then Lender may do and pay for wha�ever is necessary ta pro�ec� the value af the Pr�p�rty and
<br /> Lender's r�ghts in�he Properfiy. Lender's actions may inclu�.e paying any sums secured by a lien whzch has pri�rity
<br /> nver�his Secur�ty Instru�ment, appearing�n co�,pay�ng reasonab�e at�orneys'fees and enter�ng an the Pr�perty to
<br /> make repairs.Al�hough Lender may take acti�n under th�s section,Lender does not ha�e�a dfl so.
<br /> An� amounts drsbursed by Lender under this section sha�� become addi�ional debt of Barrovc�er secured by �his
<br /> 5ecur�ty �nstrumen�. Un�ess B�rrow�r and Lend�r agree �o o�her terms of payment, th�se amounts sha�� bear
<br /> interest from �he da�� af disbursemen� at the same rate assessed on advances under th� Contra�� and sha�l be
<br /> payable,with�nt�res�,up�n notice fram Lender t�Borr�wer requ�s��ng payment.
<br /> 0 2fl44-2413 Carnptiance Systems,In�.9F�5-BFS 1-2�t 3LZ.�.721
<br /> Consumer Real Estate-5ecurity Tnstrumer�t DL2Q36 Page 2 of 5 www.campliancesystems.com
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