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<br /> Applicabl� Law. As us�d �n thzs Secur�ty �nstrument, the �erm "Applicabl� Law" sha�l mean aIl contr�Il�ng
<br /> appl�cable federal, state and local statu�es, regula��ons, ordinances and administra���e ru�es and orders �tha�have
<br /> the�ffect�f Xaw}as well as a�l applica�ie fnal,non-appea�able judxcial opinzons.
<br /> �harges; Liens. Btirrovver sha11 pay al� taxes, assessments, charges, f nes and imposi�ions at�r�bu�ab�e �a the
<br /> Property v�hich ma� a�tain pr�arity�ver�h�s 5ecurity Ins�rument, and �easehold payments or ground rents, if any.
<br /> A�the reques�of Lender,Borrov�er sha�l pramptly furnish to Lender receipts e��dencing the paym�nts.
<br /> Borrav�er sha�I pramp��y discharge any �ien which has priority over this Securxty �nstrumen�unless Borrovver: (a�
<br /> agrees in v�rit�ng �o the payment of the ob�igation secured by the �ien in a manner accep�ab�e �o Lenderr �b�
<br /> con�es�s in gaod fa�th �he lien by, or defends against enforcement of the lien i.x�., Iega� pr�ceedings vvhich in�he
<br /> Lender's opinxfln �pera�e �o pre�ent �he enforcem�n� of�he �ien; �r �c� secures from �he holder of th� �ien an
<br /> agreemen�sa�isfac�ory to Lender subordina�ing�he lien ta this 5ecur�fiy �ns�rumen�. If Lender determines�hat any
<br /> part of�he Properry �s su�b�ect to a lien which may at�ain priority o�er th�s Se�ur�ty�nstru�nent, Len�er may give
<br /> Borrower a no�i�e �dentifying�he I�en. Borrflwer shaii satisfy the ��en or take one or mare of�he ac��ons se�for�h
<br /> abo�e wi�hin ���.ays af�he giving of n��ic�.
<br /> Hazard �r Prop�r�y Insuranc�. B�rr�vver sha11 k�ep the improvements n�vv existing or hereafter erected on the
<br /> Proper�y insured agains��oss by fire,hazards�ncluded vv�thin�he�erm"extended coverag�" and any o�her hazards,
<br /> in��uding floods or flooding, for whi�h Lender requ�res insuran�e. This insuran�e shall b� maintained rn the
<br /> am.vu�.ts arid for the periads that Lender requires. The insurance carr�er providing the�nsurance shall be chosen by
<br /> B�rrower subjec� to Lender's approval which shall nat be unreasonably withheld. �f Barrower fails ta main�a�n
<br /> co�erage described above, Lend�r may, at Lender's optzon, ob�ain coverage �o pro�ect Lend�r's rights in �he
<br /> Property in accordance with section t�tl�d Protec�ion Qf Lender's Righ�s in the P�-�per�y.
<br /> A�� insuranc� p�l�cies and renewals shai� be acceptab�e �o Lend�r and shal� �nclude a standard m�rtgage clause.
<br /> Lender shall have the righ��o ho�d�he palicies and r�newals. �f Lender requires, Borrower shall pr�mp�ly give�o
<br /> Lender al�receipts of pa�d premiums and renev�ai notices. In�he even�flf loss, Barrower shall give promp�notice
<br /> �o the insuranc��arr�er and Lender.Lender may make praof af loss if not made pramptly�y Borra�er.
<br /> Unless L�nder and Barrov�er othervv�se agree in writing, insurance proceeds shall be applied to restoration or
<br /> repair of the Properry damaged, �f, in Lender's s�l� d�scret�on, the res�oration or repaxr is economica��y feas�bie
<br /> and Lender's securi�y rs no� �essened. �f, in Lender's so�e discretion, �he restoratian or repair is not econam�cally
<br /> feasi��e or Lender`s se�uri�y wauld be lessened,�he insuran�e praceeds shall b�app�ied to�he sums secur��by�his
<br /> Secur��y Instrument, whether nr not then due, v�i�h any excess paid ta Borrflwer. �f Borrower abandons the
<br /> Pr�perty, or daes no�answer with�n�he num.ber af days prescribed by Applicable Lav�as set for�h in a n�t�ce from
<br /> Lend�r to Borrower that the insurance �arrxer has offer�d to set��e a claim, then Lender may collec�the �nsuran�e
<br /> proc�eds. Lender may use the proceeds �o r�paxr or res�ore �he Praperry or ta pa� sums secured by this Security
<br /> Instrurnent,�vhe�h�r�r nat�then due.The peri�d of t�me far Borrovv�r�o answer as se�for�h in the notice will beg�n
<br /> when�he na�ice is gi�en.
<br /> Un�ess Lender and Borrower otherwise agre� in vvriting, any applicatioz��f praceeds to pr�ncipal shall n��ex�end
<br /> or pas�pone�he due da�e of�he paymen�s due un�er the ��ntrac�ar change the amoun�of�he paymen�s. If und�r
<br /> �he sec�ion�it�ed A�Ce�eration; Remedies, �he Praperty is acquired by Lender, Borrower's rzght to any insuran�e
<br /> policies and pr��eeds resul��ng from damage �o �he Fraperty prior to the acquisi�tion shall pass t� Lender ta �he
<br /> exten�of the sums secured�y�h�s Security�nstrumen�immedia�ely priflr�o�he a��uisi�ion.
<br /> Preser�at�an, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseho�ds.
<br /> B�rrower shall not des�roy, damage or impair�he Property, a��ow�he Properfiy�o deteriara�e, ar commit waste on
<br /> the ProperCy.Borr�wer shal�be�n defau�t if any forf�i�ure action ar proceedz�.g,wh��her civil or criminal, is begun
<br /> tha� in Lender's gaod fa��h judgmen� could resul� in f�rf�iture af the Praper�y or otherwise ma�erxa�ly impair the
<br /> lien created by �his Se�uri�y Instrum.ent or Lender's secur�ty interest. Borrawer may cure such a default and
<br /> rei.nstate, as pro��ded in sectian titled Borrower'� R�ght to Re�nstate, by caus�ng�he action or proceed�ng t� be
<br /> dismissed wi�h a ru�ing�hat, in Lender's good fa�th de�ermrna�ion,precludes farfeiture of the Borrower's in�er�st�n
<br /> �he Prop�rty or �ther material �mpa�rmen� of�he �ien �rea�ed by this Security �nstrumen� or Lend�r's security
<br /> in�erest.Borrower shall also be�n defaul�if Borrower,during�he�oan app�ication process,gave material�y false or
<br /> �naccura�e inf�rmation or stat�ments �a Lender �or fa��ed �o pro�ide Lender vvith any material informa�ian} i.n
<br /> cannecti�n v��th the �oan ev�denced by the Contra�t. If this S�curity �nstrument �s on a leasehold, Barrov�er shall
<br /> comply wi�h alI�he pro��s�ons of the lease. If Borrower acqu�r�s fee title ta the Pr�p�r�y,�he leasehold and th�fee
<br /> �i��e shall no�merg�un�ess Lend�r agrees to the m�rger�n writing.
<br /> Protect�on of Lender's Righ�s �n the Proper�y. If B�rro�ver fa��s �a perform th� co�enants and agre�m�nts
<br /> contained in this S�curity rnstrument, ar�here is a legal proceeding�hat may sign�f��an��y affec�Lend�r's r�gh�s in
<br /> �he Proper�y �such as a proceeding �n bankrup�cy, probate, for cflndemnatian or forfei�ure �r to enforce laws or
<br /> regulatians�, th�n Lender may do and pay for whatever is necessary to protee� �he �a�ue of the Property and
<br /> Lender's rights �n the Prflper�y.Lender's ac��ons may inc�ud�paying any sur�zs secured by a��en which has prior�ty
<br /> o�er this S��urity�nstru�ment, appear�ng in cour�,pay�ng reasonable attorneys'fees and entering an the Property to
<br /> make repairs.A�though Lender may take ac�ion under fih�s section,Lender does not have ta d�so.
<br /> Any am�u.mts disbursed by L�nder under �h�s section shalX become addxt�onal debt of Borrower secured by this
<br /> Securz� �nstrument. Unless Borrow�r and Lender agree to o�h�r �erms of payment, these amoun�s shal� �ear
<br /> xnterest from �he da�e of disbursem�nt at th� same rate assessed on advan�es under the �ontract and shal� b�
<br /> payable,wi�h�nteres�,upon natice from Lender�o Borrower request�ng paymen�.
<br /> �2Qg�-2Q 14 Campliance Systems,Inc.4958-B43B-2413L2.3.t.843
<br /> Cansumer Rea�Estate-�ecurity Instrument DL2D35 Page Z of S www.carnpliaEncesystems.com
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