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��14��435
<br /> �pplicable Lavv. As used �n �h�s S�curi�y Instrument, �he �erm "App��cable Law" shall nlean aI� contrall�ng
<br /> a�plicab�e federa�, sta�te and Iocal statu�es, regulat�ons, ardir�ances and administrative rules and or�ers �that have
<br /> �he effe��of law}as v����as a��appi�cable f�nai,non-app�alab�e jud�c�a�opinions.
<br /> �harges; LienS. Bor�•ower shal� pay alI �axes, assessments, charges, fines and �mpos���o�.s at�rxbu�able to the
<br /> Proper�y which may a�:�ain pri�rity over�h�s Se�ur�ty�nstrument, and leasehold payments or graund rents, �f a.ny.
<br /> �t the reques�af Lend�r,Borrov�er sha�l promp�Iy furnish�o Lend�r recezpts evidencing the payments.
<br /> �orrower shaXl promp�tly dis�harg� an� �ien which has priori�y o�er this Security Znstrument uz��ess Borrflvv�r: �a3
<br /> agr�es in �vriting �o �11e paymen� of the obligation secured by the Iien in a manner acceptab�e to Lender; �b}
<br /> can�ests Tn g�od faith �he X�en by, or defends against enfarcement of the �ien in, legal proc�edings which in th�
<br /> Ler�der's opinion opera�e �o prevent �he enf�rcem.en� of the Iien; or (c� secures from the holder of�he �zen an
<br /> agr�ement sa�7sfa�tory to Lender sub�rd�na�ing the �zen to�h�s Se�ur�ty Znstrument. Zf Lender determ�n�s that any
<br /> par� of�he Proper� is subject to a lien which may attain pri�rity over�h�s Security �nstrumen�, Lend�r may g�ve
<br /> Borrower a no�ice identifying the �ien. Borrower shal� satisfy�he l�en or�ake �ne ar more of�he ac�zons se� for�h
<br /> abo�e vv�thzn 10 days c�f�he giving of notice.
<br /> Ha�ard or Property:[n�urance. Sorrower sha�l keep �he impro�ements no�v existxng or hereafter erect�d on�he
<br /> Pr�perty insured agaxns��oss by f re,ha.zards included w�thin the�erm "extended co�erage" and any o�her ha�ards,
<br /> �ncluding flaads or flooding, far �vhich Lender requ�res insurance. Thxs �nsurance shall b� ma�ntained in the
<br /> amaunts and for�h�p�riods�hat Lender requires. The i.nsura�ce carr�er pr��id�ng�he insuranc�shall be chosen by
<br /> Barrower subjec� �o I�ender's approva� wh�ch sha1l nat be unreasonably w�thheld. �f B�rravver fails to maintain
<br /> cfl�erage des�ribed a��ove, Lender may, at Lender's optifln, abtain c�verage tfl pro�ect Lender's rights in �he
<br /> Pr�perty in a�cord�.nc�:with secti�n tit�ed Protec��on of Lender's Righ�s in the Proper�y.
<br /> A11 �nsurance pfl��cies and renevvals shal� be accep�able to Lender and sha�i ��ac�ude a staridard mortgage clause.
<br /> Lender shall ha�e the right t�ho�d the po�icies and renewals. If L�nd�r requires, Borrovver shal�prompt��g��e to
<br /> Lender alI rece�p�s af��a�d premiums and renewal no�ices. �n�he ev�n�of loss, Borrnwer sha�l give prompt no�ice
<br /> �fl the znsurance carr�er and Lender.Lender may mal�e pro�f�f�oss if not made promp�ly by�3orr�wer.
<br /> Unless L�nd�r and B��rrower o�herwzse agree in v�ri��ng, insurance proc�eds sha�l be appli�d to res��ra���n ar
<br /> repa�r of the Property damaged, zf, i.n Lender's sole d�scretion, the restoratian or r�pa�.r �s e�anomically feasib�e
<br /> and Lender's security �.s not Iess�ned. �f, �n Lender's so�e d�s�ret�on, �he res�ora���n or repazr is nat ecanom��aTly
<br /> feas�b�e or Lender's set�uri�v�ould be 1�ss�ned,th�insurance proc�eds sha��be app�ied�o the sums s�cur�d by�his
<br /> Security �nstrunr�ent, yvhe�her or nat then due, w��h any excess paid �o Borro�ver. Zf Borrower a�bandons �he
<br /> Property,�r does n��ansvver w��hir�.the numb�r�f day�prescribed by Applicable Law as se�far�h in a not�ce from
<br /> L�nder to B�rrower�hat the insurance carrier has affered to sett�e a claim, �hen Lender may col�ect�he insuranc�
<br /> pro�eeds. Lender may use th� praceeds to repair ar restore the Propez-�y or to pay sums secured by�his Se�urity
<br /> �nstrument,�h�ther�r not�hen due.The period of time for Borrov�rer�o ansvver as se�for�h�r��he n��ice v�ill begin
<br /> when the no�ice�s given.
<br /> Unless Lender and Bo��rawer other�rse agree in wri��ng, any applxca��on of proc�eds to princ�pal shail not extend
<br /> ar postpone�h� due da.�e of�he payments due under the �on�ract�r change �h� amaun�af the payments. If under
<br /> the section titXed A��elleration; Remedies, the Praper�y �s acquired by Lend�r, Barrower's righ��o any insurance
<br /> p���cies and proce�ds resulting fr�m damage t� the Proper�y pr�ar�o �he acqu�s�tzon shall pass �a Lender to the
<br /> ex�ent of�he sums seGured by�his Securi�y�nstru�nent�mm�d�ately prior to�he a�quisition.
<br /> Preser�ati�n, Maintenance and Prote�tion �f �he Prtiperty; Borrower�� Loan Appl�cat�on; Le�seho�ds.
<br /> Bflrrovc�er shall no�destroy, damage �r impaxr�he Property, a��ov�r the Properfiy to de�eriorat�, or comm�t v�aste on
<br /> �he Properry.Barrower sha1l be zn default if any forfeiture ac��on or proce�dxng,vvhe�her c����or�riminal, is�egun
<br /> that in Lend�r's good faith j udgmen� �ould resul� in forfezture af�he Praper�y or otherw�se materially impa�r the
<br /> ��en crea�ed by �h�s S�e�uri�y Instrumen� or Lender's security in��rest. Borrower ma� cure such a defaul� and
<br /> reinsta�e, as provzd�d i� section tzt�ed�orrawer's Righ�to R��n�tate, by causing fihe action�r proceed�ng�o be
<br /> d�smissed with a rul�ng�ha�, in Len�er's good faz�h determinatian,preclud�s forfeztu.re of th��3orr�vver's interest�n
<br /> the Praperry or ot�er mater�aT �mpa�rmen� of th� l�en created by �his Se�ur��y �ns�rument �r Lender's secur�ty
<br /> interest.Borr�v��r sha1�also�e�n defaui��f Borrower,during the�oan applicati�n process,gav�mater�ally false or
<br /> ina�curate infflrmation or sta�emen�s �o Lender �or failed �� provide Lender with any ma�er�al �nformation) in
<br /> connect�on with the lflan ev�denced by�he Contrac�. �f this S�cur�ty �nstrum�n� is on a leasehold, Borrower shall
<br /> comp�y v�i�h al1 the provisions of the lease. If Borrower acqu�res f�e title�o the Praper�y,�he I�aseho�d and the fee
<br /> ti�le shall not merge un;�ess Lender agrees to the m�rger in wr��i.ng.
<br /> Protection �f Lender's Rights �n �he Property. �f Borrower fails to perform the co�enants and agreemen�s
<br /> con�ained in th�s 5ecur:ity znstrum�n�, �r th�re is a Iega�proceeding�hat ma�significantly affect Lender's rights in
<br /> the Proper�y �su�h as �� proceeding in �ankrup�cy, pro�a�e, f�r candemnation or forf�iture ar to enfar�e �av�s or
<br /> regula���ns�, �hen Lender may do and pay f�r wha��ver �s �ecessary to prote�� �he �alue �f�he Property and
<br /> Lender's righ�s in�he F:raper�y. Lender's act�ans may include paying any sums secured by a lien which has pr��rity
<br /> over thzs Securi�y�nstr��men�, appearing i.n cour�,paying reasonab��att�rneys'fees and en�ering an�he Propez-�y�a
<br /> make repazrs.A1�hough Lender may tak�ac�ran under�his section,L�nder does na�ha�e�o do sa.
<br /> A�.y an�oun�s disbursed �y L�nder under �his section shall �b��on7e add��rona� debt of Barrow�r secured by �his
<br /> Security �nstrum�nt. Unless Borrower and Len�er agree ta ather �erms of payment, these amoun�s shall bear
<br /> interest fram the date of d�s�ursemen� a� the same rate assessed on advanc�s under the Con�rac� and shall be
<br /> payable,with in�eres�,��pon no��ce from Lender ta Borro�er reques��ng paymen�.
<br /> �2a44-2013 Comp�ian�e Systems,Inc.9F95-2EEfl-2�13L2.0.72�
<br /> Consumer Real Estat�-5ecurity Instrument DL2�3d Pa�e 2 vf 5 www,compliancesystems.cam
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