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��14��97�
<br /> A.ppli�able Law. As used in �h�s Securi�y �nstrument, �he term "Applxcable Lavv" shall mean a�� �flntrol�ing
<br /> applr�able federa�, state and local statu�es, r�gu�a�ions, ard�.ances and administra�ive rules and orders (tha�ha�e
<br /> �he effec�of Iadv}as we�I as all appli�able fn�.�,non-�appealab�e�udicial op�n��ns.
<br /> Charg�s; Liens, Barrow�r shall pay all �a��es, assessm.ernts, �harges, f nes and �mpos�tians a�.tributa�ale �o �he
<br /> Property�h�ch may at�ain priorrty o�er�h�s �e�ur�ty Instrument, and leaseho�d paymen�s or ground ren�s, if any.
<br /> A.�the reques��f Lender,Borrawer sha�l pronlptly furnish��Lender receipts evidericing the payments.
<br /> �orrower shall promptly drscharge any lien which has pr�or�ty��er�his Security �nstrument un�ess Borrovtrer: �a}
<br /> a�rees in wri�zng to the paymen� of�h� ob�iga�zon se�ured by �h� �ien in a manner acceptable ta L�nder; �b�
<br /> . c�ntests �n goad fai�h the Iien by, or defends against enforcement of the �xen in, �ega� proceedings v��ich �n �he
<br /> Lender's opinr�n opera�� �o pr�ven� the enf�rc�ment of�he li�n; or �c� secures from the holder of�he lien an
<br /> a�r��men�satisfac�ory to Lender subor�in.a�xng�h� ��en�o thxs S�curifiy �nstrum�nt. If Lender determin�s tha�any
<br /> p�r�of�he Prape�-ty is subject to a l�en v�hic��may at�ain priority o�er th�s Se�urity �nstrun�e�lt, Lender may g�ve
<br /> �orrower a no��ce �dent�fy�ng the lien. Borrovver shall satisfy�he lien or take one or more �f�he a�tio�� se�for�h
<br /> abo�e vvi�hxn �4 days of th�g�ving of n��ice.
<br /> I�azard or Pr�perty Insurance. B�rrow�r�hali keep�he improvements naw�xist�ng or h�reaft�r�re��ted on the
<br /> Property insured aba�ns�lass by f�re,hazards�ncluded v�i�h�n the term"extended coverage" and any a�h�r hazards,
<br /> �nc�uding floods or fla�d�ng, for vvh��h Lender requires insurance. This insurance shall �� mainta�ned in �he
<br /> amounts and for the peri�ds tha�Lender requnres. Th� insurance carrier provxd�ng�he�nsuran��sha��b��hos�n by
<br /> Borrower subjec� �o Lender's appro�al wh�c]h sha�l no� he unreasanably withhe�d. zf Borrower fai�s t� mai.r��ain
<br /> cvverage descr�bed abo�e, Lender ma�, at Lender's opt�an, �b�a�n �overage �t� pra�ec� L�nd�r's r�ghts xn �he
<br /> Pr�per�y in ac�ordance with sec��on�itled Prutection of Lend�r's l�ights in the Property.
<br /> A11 insurance po����es and renewals sha�I be a�ceptable to Lender and shall inc�ude a standard mor�ga�e c�ause.
<br /> Lend�r shall have�he r�ght to ho�d�he policr�s and rer�ewals. Zf L�nd�r requ�res, Borrower sh�.11 pr�mpt�y gi�e to
<br /> Lender aI�re�e�pts of paid prem�ums and renewal natices. �n�h� ��en�af��ss, Borrower sha��gi�e prompt notrce
<br /> to�he insurance�arrier and Lender.Lender may make proaf of l�ss�f n��made promp�ly by�orro�ver.
<br /> Unless Lender and Borrower otherwise agree �n wri��ng, rnsurance pro�eeds shall be appl��d to res��rat�fln ar
<br /> repair of the Property damaged, �f, in Lender's sole d�s�re�ion, the res�oration or repair is �c�namxca��� f�asible
<br /> and Lender's security is nflt �essened. �f, �n L�nder's sale discr�t�an, the rest�ration ar repa�r is �ot ec�nornically
<br /> feas��Ie or Lender's securi�y v�ould be��ssened,the rnsurance proceeds shall be appl��d tfl the�ums sec�re�by�h�s
<br /> S�curifi� �nstrumen�, vvhether or no� �hen d�ue, v��th any excess paid t� Borrov�er. �f Borrower abandans the
<br /> Properfiy, or d�es not ansvver w�th�n the number of days prescribed by Applicahle Lav�as se�for�h in a r�oti�e from
<br /> Lender to Barrower�hat the insurance �arrier has offered�o sett�e a claim,then Lender may co�lect�h� insurance
<br /> praceeds. Lender may use �he proceeds �o repair or res�or� �he Prop�rry ar t� pay sums secured by th�s Security
<br /> �nst�rument,v�he�her or no�then due.The periad af�im�for]Borro�er to answer as set for�h in the na�ice�v�Il�egin
<br /> when�he notice is given.
<br /> Un�ess Lender and Borrawer oth�rwis� agre� in writing, any app��cation of proce�ds�o princ�pal sha�I no�extend
<br /> or postpone�he due date af�he paymen�s du�under�he �flntract or change the amount of�he paymen�s. �f under
<br /> ��e sect�on�it�ed A�celeration; Remedxes, the Proper�y is ac�uired by Lender, Borrov�er's right to any �nsuran�e
<br /> palicies and proceeds resu�ting from damage to the Property prxor�o �he acqu�s�tian shall p�.ss to Lender to the
<br /> e��ten�of the sums secured by�h�s Securi�y�ns�rument�mm�drately prior�o�h�a�quisi��an.
<br /> Pre�er�atfon, Maintenan�e and Pr�t�ctian �f the Prtip�r�y; Borrower�s Loan Appl�catxon; L�aSehfllds.
<br /> Borrower sha�l not des�r�y, darnage or�mpair�he Properry, al�ow the Proper�y�a de�eriorate, {or�ommx�vvaste on
<br /> the Property.Barro�er sha�l be in defau��if a�.y forfeitur�a�tion or pro�e�d�ng,whe�h�r ci�il or criminal, �s�begun
<br /> �ha� zn Lender's good fai�h 3udgmen� could r�sult in farfeiture of the Froper�y or ��herw�se n�at�ria��� i:mpair�he
<br /> Ii�n cr�ated b� �his Securx�y �nstrument or Lender's secu.rity interes�. Borrower may cure su�h a default and
<br /> r��nstate, as provided in s�c��on�i�I�d Borro��ver'S Right t�Reinsta�e, by caus�ng the action or proceeding to be
<br /> dismzssed v�i�h a ruling tha�,in Lender's g�ad fa��h de�ermination,prec�udes forfeiture of the B�rr�wer's�nterest in
<br /> �he Property ar �ther ma��r�a� �mpairmen� af the lren crea�ed by �his Secur�ty �nstrument ar Lender's securi�y
<br /> interest.Borro�v�r sha�l also be in default if Bflrrovver,dur�ng�he I�an app�icatian process,ga�e ma�er�al�y fals�or
<br /> inaccura�e informa�ion ar s�atemen�s �a Lend�r �or fa�ied �o pr���de Lend�r w��h any,ma�e�ial �nformation} in
<br /> cannect�on w��h the laan e�iden�ed�y the �ontra��. If this S�curzty �nstrumen� rs on a leaseh��d, Borr�wer shali
<br /> comply v�rz�h a�l�he provisrnns af the �ease. If Borrower acquires fe�title to the Property,the�easehold and the fee
<br /> �i���shall not merge unless Lender agre�s ta the merger�n�riting.
<br /> P�-flte�t�on of Lender's Rights �n �h� Property. �f Borrower fa��s to perform the �o�enan�s and agreemen�s
<br /> con�ained in�h�s Securi�y�nstrumen�, or�her� �s a��ga�proceed�ng tha�may signif cant�y affe�t Lender4s rights in
<br /> �he Proper�y �such as a pr�ceeding in bankru.p�c�, proba�e, for condemna�ion or forfe�ture or to erifor�� laws or
<br /> regula�i�ns�, �hen Lender may do and pay for v�hate�er �s necessary �o protec� the value af�he Proper�y and
<br /> L�n��r's rights�n the Proper�.Lender's actions may inc�ude paying any sums s�cured�y a Izen�hich has pr�or�ty
<br /> �v�r this Se�uri�y Instruam�nt, appearing in co�.r�,paying reasflnab�e at�orneys'fees and entering on the Proper�y ta
<br /> �nake repa�rs..�.lthough Lender may tak�action under th�s sectian,Lender does nat have�o do so.
<br /> A�y amounts disbursed by Lender under thi� se�tian shall become add���onal debt of Barr�wer secur�d �by �h�s
<br /> Security �nstrurnen�. Unless Borrower and Ler�der agree �a o�her terms af paym�n�, these amoun�s �ha�l bear
<br /> interest from �he date of disbursem�nt at the same ra�e assessed on advances under �he �ontract and shall b�
<br /> p�.yable,w��h in�erest,upon notice from Lend�r to Barrov�rer requ�sting payment.
<br /> C�2�44-2�14 Complianca Systems,Inc.4958-A9d4-24I3L2.3.1.803
<br /> Ga3is�zmer Reat Estate-Security�nstrument DL2D3b Pa�e 2 of S www.�vmplaaricesystems.com
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