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� ��14��741
<br /> App�icable L�w. As used in �h�s 5ecurity �r�strume�t, the �erm "Appl�ca�b�e Law" shall mean al� �on�ra��ing
<br /> applzcable fed�ra�, s�a�e an� �ocal s�a�utes, r�g�aXations, ord�nan�es and administra�iv� rules and orders �tha� have
<br /> the effect of lavv�as we��as all applicable fnal,non-appea�al�Ie judicia�opinions.
<br /> Charges; Lie�s. Borrower shal� pay a�� �a:xes, assessm�nts, charges, fnes and rmp�si�xons at�ri�ut�.ble to the
<br /> Proper�y�vh�ch may atta�n pr�ority over th�s Secur��y �ns�rument, and Ieasehold paym.ents or ground r�nts, if any.
<br /> ���he re�ues�of Lend�r,Borrflwer shall pr�mp��y furnish��Lender receipts evxdenc�ng�he payments.
<br /> �3arrovver shalX pramp�I�discharge any ��en T�vhich has priori��ver this Secur��Instrument�xnless Borrower: �a}
<br /> agre�s �n wrx��ng to the paym�.en� of the ob�igatian secured by the lien in a manner accep�able ta I��nder; �b�
<br /> c�n�ests in goad faith the Iien by, or defend.s aga�ns� enforcemen� of the lien in, �egal prace�d�ngs v�h�ch in the
<br /> Lender's �pin�on operate to pre�rent �he enforcerr�en� of the lien; or �c� secures from th� ho�der of��e Iien an
<br /> agreemen�sa�isfactory�o L�nder subardinating the Iien to�his Security Ins�rumen�. If Lender determines�hat any
<br /> part of�he Praperty is subjec�to a l�en whi�h may attain prxority o�er�h�s Security Instrument, Lender may give
<br /> �arrower a notice �den��fy�ng the ��en. B�rr�s��r shall satisf}t the lien or tak� one �r more of�he actions set f�r�h
<br /> a�ove wi�hin �0 days of the giving af not�ce.
<br /> I-3azard or PropQr�y Insuran�e. Barrower�hall keep the improvemen�s now exxst�ng or her�after er�cted on the
<br /> Propez-�y insur�d against loss by f re,hazards included v�i�hin the term"extended co�erage"and any other hazards,
<br /> including floo�s or f�ood�ng, for which Le:�der requires insurance. This insurance sha�� be maintained �n �he
<br /> arriaun�s and for�he per�ads that Lend�r requ�res. The �n.surance�arri�r praviding�h�insurance sha��b�chosen by
<br /> �orrower subject ta L�nder's approva� which shail no� be unreasnna��y �i�hheld. If Borrov�er fax�s �a maix�.tain
<br /> c�verage described abo�e, Lender m�.y, at Lender's ❑ption, ��tain �ouerage �o prot�c� Lender's righ�s in th�
<br /> Property�n accordance with sect�on titled�rntec��on of Lender's Righ�S�n the Property.
<br /> AIl �nsurance policies and renewa�s shall be a�ceptab�e �a L�nder and shall include a standard mortgage clause.
<br /> I�ender shall ha�e the righ��o ho�d the pol�ci�s and renewals. If Lender requ�res, Borravver shal�promp�ly give to
<br /> Lender alI r����pts of paid prem�ums and r�n.evval no��ces. Zn the e�en�flf��ss, B�rrower shall g�ve pro�npt notic�
<br /> to�he insuranc�carrier and Lender.Lender m�ay make proof af Ioss if no�made promp����y Borrov�er.
<br /> Unless Lender and Bflrrower otherw�se agrPe in writxng, �nsurance proce�ds sha�� be applied tn res�oratxon ar
<br /> repa�r of the �r�per�y damaged, if, �.n Lender's sole d�scretion, �he rest�ra��an �r repair is ecQnamica��y feasib�e
<br /> and Lender's s�curi�y �s na� lessened. �f, �n Lender's sol� discre��on, �h� res�ora�Yon or r�pair is not e��nomica��y
<br /> feas�ble or Lender's security v�ou�d be lessen�d,the insurance proceeds shall be applied tv the sums sec�.red by�h�s
<br /> S�cur�ty Instrument, whether or no� �hen due, wi�h any excess pa�d to Barr�w�r. If Borrovv�r aban�.ans �h�
<br /> Property,ar d�es not ans��r w��hin�he numb�er of days prescr�bed b�Appl�cabie Law as set for�h�n a���ice from
<br /> Lend�r�a Barro�uver�ha�the insurance carrie��has offered t� se�t�e a claim,then Lender may ca1l��t th� insurance
<br /> proceeds. Lender may use the proceeds to r�pair or restore the Frflper� or to pay sums sec�.r�d by �his Security
<br /> �nstrument,whether or not then due.The peri��d of t�me for B�rr�vv�r to ansv��r as s��farth�n�h��o�ic�v��11 begin
<br /> when the no�ic��s gi�en.
<br /> Un�ess Lender and Bflrrower otherwise agree in wr���ng, an�app���a�inn of prflceeds�a prir�c�pa�shal�na�ex��nd
<br /> or pastp�ne�h� due date of�he payments due under�he �ontrac�or change the amoun�af�h�paymen�s. �f under
<br /> �he sect��n�����d Accelerat�vn; Remedies, �he Properry rs acqu�red by L�nder, B�rrow�r's right to any insurance
<br /> po��cies and proce�ds result�ng from damag�: �o the Proper�y prior to the acquisi��on sha�l pass ta Lender �o �he
<br /> e��en�of the sums secured by�his Security In�trument uaZmed�ate�y pr�or ta�he ac�uisi��on.
<br /> Pre�ervat�on, Maintenance and Prvte�t�on vf the Property; Borrower's Loan Appli�a��an; L�aseho�ds.
<br /> Borrovver sha�I nat des�roy, damag� or impai�-�he Prop�r�y, a��ow�h�Property�fl de�er�ora�e, or commi�was�e an
<br /> �he Pr�perty. Borrovver sha�l be�n default�f any forfeiture actxon�r proceeding,whether ci�i�or crimina�,is begun
<br /> tha� �n Lender'� good fai�h�udgment cauld rPsu�t in forfe�ture of�h� Properry or otherwise mater�ally impa�r the
<br /> Ii�n created �y this Se�ur�ty �ns�rum�n� �r Lender's security �nteres�. Barrower may cure such a d�fault and
<br /> r�instate, as pra��ded in sec��on���I�d Borror�ver's Rzght to Reinstate, �y causing the act�on or pro�e��ing to �be
<br /> dism�ssed wi�h a ru�ing�ha�, in Lender's good fa�th determina�ion,p�ec�udes forf�xture af the Borrower's xnterest in
<br /> the Proper�y or other material impairmen� a�f the Ixe�. created by �his S�curz�y rnstrument ar L�nder's security
<br /> �n�erest.BorrovWer shall alsa be in defau��if Barr�wer,�iuring the Ioan appl�cat�on process,ga�e mater�al��fa�se�r
<br /> ivaac�ura�e infarma��an or statemen�s �� Lenc�er �or fa��ed to pro�ide Lender �vith any materia� �nforr�ation} ua
<br /> connect�on w��h the loan e�idenced by the ��ntract. �f this Securi�y Inst�rument is fln a Ieaseho�d, Borrower sha�l
<br /> �omp�y with aXl the provisions of�he�ease. If Borrower acquires fe��itle�o�he Fropert�,�he��asehold and the f�e
<br /> t���e sha��n�t merg�uni�ss Lend�r agrees to the merger in writi.ng.
<br /> Prot�c�ion af Lender's R�gh�s in th� Pro�erty. �f Borr�vver fails �o perform the covenants and agreem�n�s
<br /> �ontained in th�s Securi�y�nstrument, or there is a�egal proceeding tha�may signif�cantly affe��Lender's rights in
<br /> �he Properfiy �such as a pr�ceed�ng in banitru:ptcy, probate, for condemna�ion �r forfe�ture or ta enf�rce �aws or
<br /> regulations}, then Lender may da and pay for vvha�e�er is necessary to pr��ect �he va�ue of the Pr�perry and
<br /> Lender's r�gh�s in�he Praper�y.Lender's act�or�s may include paying any sums se�ured by a�ien v�h��h has prxority
<br /> �ver th�s Secur��Instru�ment, appear�ng in�ourt,pay�ng reasona�le attarneys'fees an�.en�er�n�on�he P�oper�y�o
<br /> m.�ke repairs.,A.lthough Lender may take ac�zon under this sec�ion,L�ender does na�ha�e ta do so.
<br /> Ar�y amounts d�sbursed by Lender und�r this sec�ion shall �ec�me additiona� de�� of Borr��ver se�ur�d by th�s
<br /> Secur�ty �nstru�nen�. Unless Borrawer and Lender agree �o o�her terms of payment, �hes� amounts sha�l bear
<br /> �n�erest from �he date of d�sburs�ment a� �he same rate ass�sse� �n advanc�s under �he C�n�ract and sha�I be
<br /> payable,�ith�nteres�,upon no�ic�fr�m Lender to Barrower r�questing paymen�.
<br /> C�20fl4-2fl i 3 Campliance Sys�ems,Ir��.9F9b-IS��-2Q t 3L2.�.72�
<br /> Consumer Reat Estate-S�curity�nstrument�]L2436 Page 2 vf 5 www,compiiancesysterns.cam
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