� ��14��79�
<br /> .App�aca��e Lar�. As used in this Security �ns�rument, �he term "App��cab�e LavW'.' shall mean a�l cantral�ing
<br /> app�i�a�le federa�, state and Z�cai statut�s, regulati�ns, ard�nan�es and a�m�n�stra�i�e ru�es and arders �that have
<br /> �he effect of Xaw}as well as a11 app�icab�e f�na1,non-appea�ab��judicial op�n�ons.
<br /> Charg��; Liens. Borrow�r 5ha�� pay al� �a�es, assessments, charges, fnes and imposit�ons at�r��utable �o �he
<br /> Proper�r vvhich may attair�pr�or��y over�his Security �ns�rument, and �easeh�ld payments or gr�und rents, �f any.
<br /> At the request af Lender,Borrower sha�1 promptly furnish to Lender rece�p�s evidencxng the paymen�s.
<br /> B�rra�er sha11 promptly d�scharge any �ien v�hich has pri�rity��e�th�s �ecur�ty Instrument unl�s�Borrovver: (a)
<br /> agrees in �r'�ting �o the payment of the abliga�ion secured by �he l�en �n a manner ac�epta�l� �o Lender; �b}
<br /> c�ntests in good faith the �ien ��, �r defends against enforce�nen� of th� lien zn, lega� pr�ceedin�s �vhich in the
<br /> L�nder's op�nian operate �o prevent �h� enforcemez�t of�he �ien; ar �c� s�cures from the h�lder of�he l�en an
<br /> agreement sat�sf���ary to Lend�r subordina�ing�he I�en to�his Security Instrument. �f Lender de�e�rmines that any
<br /> par� of the Praperty is subject t� a lien vvhich m�.y at�ain pr��r�ty aver�h�s Se�urity �nstrumen�, L�nder may g�ve
<br /> Borr�vver a n��ice �den�ifying th� l�en. B�rrower shall sarisfy�he lten or�ake ane ar�nare of the ac�ions set f�r�h
<br /> abo�e v�ith�n ��days�f the g�ving of n��tic�.
<br /> Ilazard or Property I��sur�ance. Barr�wer sha�i keep�he impro�ements nov�exis��ng or hereafter erec�ed on�he
<br /> Proper�y insured against l�ss by fre,hazards inc�uded wi�hin�he term"��tended cov�rage" and an�o�her hazards,
<br /> �ncluding fl��ds �r flfloding, for w��ich �ender requires insurance. Th1s �nsuranc� sha�l be m�in�ained �n �he
<br /> am�unts and for�he periods fha�Lender requires.The�nsurance carr�er pro�xding the�nsurance sh�l�be chosen by
<br /> Borrav�er subje�t to Lender's approval wh��1� shal� not be unreasona�l� wi�hhe�d. �f Barrower fai�s to mainta�n
<br /> caverage c�escribed above, Lender may, a� Lende�'s ap�ion, ob�ain c��era�e r� pr�tect Lender�'s r�ghts in the
<br /> Proper�tyy�n accordance with section�itled Pratec�ia�af�Lend�r's�iight�in the Pr�perty.
<br /> All insurance polic�es and r�newals shall be acceptabie �� Lender a��d shall in�lude a s�andard n�or�gage clause.
<br /> Lend�r shall have�he r�ght��ho�d the policies and r�ne�uals. �f L�nder requir�s, Borr�wer sha11 prompt�y g��e�o
<br /> Lender a��receip�s of paid premiums and renewa�no�ices. In�h� e�en��f�oss, Bflrr�vver shall gi��e promp�no��ce
<br /> ��the insurance carr��r and Lender.I.ender may make proof of lass if rio�made pr�mp��y by Borr���rer.
<br /> Unless Lender and Borro�ver a�herwise �.gree ir� wri�cing, �nsurance pr�ceeds shaX� be applied t� rest�ra�ion or
<br /> repair �f the proper�y damaged, if, �n Lender's sale discre�i�n, the res�oration or repair is econa�nically feasibl�
<br /> and Lender's secur�ty is na� lessened. �f, in Lender's s�le d�scret�on, �he restora�ifln or repair is n��t ec�norn�cal�y
<br /> feasib�e or Lender's security w�uld��lessened,the insurance proc�eds shal�be appiied�o�he sums secured by�his
<br /> Securii.y �ns�:rumen�, whether �r not �hen due, vsrith any e��ess pa�d ��o Barrower. �f �3orrower aband�ns the
<br /> Praperty, or daes nv�answer wi�hin the number Qf days prescri�bed b�Ap���ca�b�e Lav�r as set for�h in a na�i�e from
<br /> Lender�o Borrower�ha��he in�uran�e carrier has affered to �ett�e a c�airn,then Lender may cfl�lec��he insurance
<br /> proceec�s. Lender may use the praceeds to repair flr restare the Propertgr �r to pay sums secured b��his Securit�y
<br /> �ns�rument,�he�her or not�hen due.The per��d of time for Bor�ower�o ansv�er as se�for�h in�h��ot�ce�i�l begin
<br /> when�he notice is g�r�en.
<br /> Un�eSs Lender and Borrower other�ise agree in writing, any app�i�ation�af proceeds�v pr�ncipa� sha�l not extend
<br /> �r postpone�he due date of the payments due under the �fln�ract or change the am�unt of the pa��men�s. �f under
<br /> the section�i��ed Accelera�i�n; Remedie�, the Pr�perty is a�qu�red by Lender, Borrower's right to any�nsurance
<br /> po1�Gi�s and pr�ceeds resulting from damage �a the Pr�per�y priar�o the ac�u�s��i�n shall pass to Lender to the
<br /> ex�ent of th�sums secured by�his Se�ur��ty��stru�nen�immed�a�ely prior to�l�e a�quis�ti�n.
<br /> Preserva��on, l�aintenance and Pro#�ction of �he �roperty; Borrower's Loan A�piicatx�n; Leaseho�ds.
<br /> Borrawer shall n��des�roy, damage or�mpair�he:l�rop�r�y, allo��he Fr�perty�a deteriarate, or commit waste �n
<br /> �he Property.Borrflwer shal�be in default if any farfeiture ac���n or proceeding,whether����I or criminal,is begun
<br /> that �n Lender's good fai�h judgm�nt cou�d result in forfe�tur� �f the Property or otherw�se ma�e�ia�ly impair the
<br /> �ien crea�ed by �h�s Security Instrumen-� or Lender's security in�erest. Borrovv�r may cure suc'h a default and
<br /> r�instat�, as prov�ded�n sec�ion tit�ed Sar�-awer's Right tQ �teYnsta�e, by caus�ng th� action�r pr�ceeding to be
<br /> dism�ssed wvith a ruling�hat, �n Lender's goad faith determ�nat�an,pre�ludes f�rfeiture of�he Borrav�er's in�teres�in
<br /> �he Property or other ma�erial �m�airment �f the lie�� crea�ed by this Secur�ty �nstru�ne�.� or L.ender's se�urity
<br /> in�eres�.Borrower shal�aiso be�n default if B�rro�er,during�he�oan applica�ivn pra�ess,gave materially fa�se or
<br /> �naccura�e znformation �r s�atemen�s to Lender �or fa��ed �� pravide Lender with any rna�er�al infQr�na��on} in
<br /> conne��ian wi�h�he �oar� evidenced by�he Contra��. �f th�s Secur��r I��s�rume�t is on a Ieasehald, B�rrower shall
<br /> comp�y with alX the pr4�is�ons of the�ease. If Borr��ver acqui�res fee�:itle�o the Proper�,�he lease:ho�d and�he fee
<br /> ti��e shall n��merge unless Lender agrees�o th�merger�n vvri�ing.
<br /> ]Pro�ect�o� of Lender's l�igh�s in fih� l�raper��. �f. Borra��er fai�s ta perf�rm the c��enan�s and agreements
<br /> cantained�n this Secur�ty Instrument, ar�here �s a�egal proceeding�ha�may s�gn�f�cantly affect Lender's rights in
<br /> �he Proper�y �such as a praceeding in bank�-uptcy, pra�a��, f�r c�ndemnatio� or forfeiture ar�o enforce lav�s ar
<br /> regu�at�ans}, then Lender ma� do and pa� for v�hate�er is necessar�r �a pr��ect the value of���e Praperty and
<br /> Lender's righ�s in the Propert�. Lender's ac�ians may inc�ude pa�ring any surns secured by a��en v�3hich has priority
<br /> over this Security�ns�rumen�, appeari��g in�ourt,�aying reasanable a�.to�-neys'fees and entering o1�the Proper�y�o
<br /> m.ake repairs.Al�haugh Lender may take ac��on under�his sec�ion,L�r�der daes no�ha�e�o do so.
<br /> Any a�ounts d�sbursed by Ler�der under ���.�s sec�i�n shal� bec�me add��ianal deb� of B�rrov�er se�ured by this
<br /> Securi� Ins�rument. CJnless B�r�ower and Lende� agree �a ��her ter�r�s of payment, these am�oun�s sha�l bear
<br /> interest fir�m the da�e af disbursernent at �he same �•a�e assessed on ad�ances under �he �on�r;�c� and shal� be
<br /> pa�able,w��h in�eres�,upon notice from Lender to Borrower rec�ues���.g payment. �
<br /> C�24a4-2flI3 Caz�t��liar�ce Systerins,Inc.9F96-n785-2413L2.�.721
<br /> Cons�tner Real Estate-Sec�rity�nstrument DL2436 Pa�e 2 o�S rhn�vw.campliancesyste�ns.com
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