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��15��745
<br /> Appiicabl� Law. As used in �his Secur�ty Ynstrument, the term "Appl�cable Law" shall mean al� contro�li.r�g
<br /> app��cab�e fed�ral, state and loca� statu�es, r�gula�ions, ord�nances and a�minis�ra�ive ru�es and or°ders �that ha�e
<br /> the effec�of la�v}as well as a11 appl�cable fnal,n�ri-appea�able jud�c�al opin�ons.
<br /> �harges; L�ens. Borr�w�r sha�� pay a�l ta�es, assessmen�s, �harges, fines and impos��ians a�trxbuta��� �o the
<br /> Property�h�Ch may attain pr�ar��y over�his �e�urity �ns�ru�men�, an��easeho�d pa�ments or grour�d ren�s, �f any.
<br /> A�the request of Lender,B�rrflv�er shall prflmpt�y furnish to Lender receip�s evxden�zng�he paymen�s.
<br /> B�rrower shall pr�mptly discharge any lien��hich has priori�y o�er�h�s Security Instrumen�unl�ss Barrower: �a�
<br /> agrees in writing to th� payment of�he obliga�ior� secured by the lien �n a mar�ner acceptable �o Lender; �b}
<br /> c�n�ests ir�. goad fa��h �he I�en by, or defend� aga�ns� enforcement of�h� Iien in, legal praceedings wh�ch in the
<br /> Lender`s opinion operate to preven� the enforcemen� af the lien; flr �c} secures from the h��der flf�he �ien an
<br /> agreement satisfactory�o L�nder subordinating the lien ta this Security Instrument, If Lender determ�nes tha� any
<br /> part of the Proper�y is su�j�c��o a lren v�hi�h may a�tain priorifiy a�ver�h�s S�currty �ns�rument, L�nder may give
<br /> Borrower a notice identify�g the lren. Borrow�r shal� sa�isfy the lien or take one or mare af the ac�ians set forth
<br /> above�ithin 1 q days�f the g�Wing of no�ice.
<br /> Hazard �r Property Insurance. Borro��r sha11 k�ep the �mpravemen�s nou�existing�r hereafter erected on the
<br /> Proper�y insured against loss b�fire,hazards inc�ud�d vv�thin the�erm"extended ca�erage"and any other ha2ards,
<br /> in��uding fl�ods flr flaod�ng, for vvh�ch Len�er r�quires �nsuran�e. This �nsurance shal� �e ma�n�a�ned in the
<br /> amounts and for�he periods tha�Lender requ�re�. The insuran�e carrxer provid�ng the insurance sha�l�be chosen by
<br /> Borrower subject to Lender's approval which shai� not be unreasanably wi�hheld. If Borrower faiis �o mai.n.ta�n
<br /> co�erage d�scr�bed abov�, Lender may, a� Lender's option, obta�n caverage to protect Lend�r�s righ�s in th�
<br /> Property in accordance�v�th sect�on titled Pratection of Lender's Rights in�he Property.
<br /> All insurance pa�ici�s and r�newa�s sha�� be accep�a�le to Lender and shal� �nc�ude a standard m�rtgage clause.
<br /> Lender sha��have the rxgh��o h��d�he policies and renewals. �f Lender requ�res, Borrawer sha��promp��y g��e to
<br /> L�nder aIl receipts af paid premiums and renewal noti�es. �n�he e�ent of loss, Barrawer shall gi�e prompt notice
<br /> �o the insurance carrier and Lender.Lender may make proof of l�ss if nat made promptly by Borrov�er.
<br /> Unless Lender and Borrav�er otherwise agree �n wr�ting, insurance pr�ceeds shall �be applied to restora�ion or
<br /> repair of the Praperty damaged, if, �x�. Lender's s�le discre�ion, th� r�stora�ifln or repair is ecflnomica��y feasi�Ie
<br /> and Lend�r's security is not �essened. �f, in Lender4s sole d�scretian, �he restora�iQn ar r�pair �s not e�anomically
<br /> feasib�e or Lender's se�urity wauld be�essen�d,the insuran�e proceeds shall be applied�o�he sums secured by this
<br /> Security Ins�rument, whether or na� th�n due, wi�h any excess paid �n Borrovver. �f Barrower abandons �he
<br /> Property,or d�es not answer wi�h�n the number of days pr�scr�bed by Applicable Law as set forth ir�a no�i�e from
<br /> Lender�o Borrawer�ha�the �nsurance carrier has �ffered tfl se�tle a claim, �hen Lender may c�ilec�the insuranc�
<br /> proceeds. L�nder rnay use�he proceeds �o repaxr or res�ore the Praper�y or ta pay sums secured by this Securi�y
<br /> �nstrumen�,whe�her or not t�en due.The peri�d of time f�r B�rrawer�a answer as s��foz�h in the not�ce v��Il beg�n
<br /> when�he no��ce�s given,
<br /> IJnless Lender and Borrower otherwise agree in wri��ng, any applrcatian of proceeds�o princ�pal shall nat ex�end
<br /> nr postp�n�th� due date af the paymen�s du� u.nder�he Con�ract or change th� amoun�of the payments. �f under
<br /> the se�t�an tit�ed Ac�elerati�n; Remed�es, �he Property rs acqu�red�y Lender, Bflrr�w�r's r�gh��� any insurance
<br /> policies and pr�ceeds resulting from damag� to �h� Praperty prior to �he acquisi�ion sha�l pass tfl Lender to the
<br /> ex�en�of the sums secured by this Securi�y�nstrumen�rrnmediately pri�r to�he acquisi��an.
<br /> Preservation, Maintenanc� and Pratection of �he Property; �orrower's Loan Applicatia�a; LQaseholds.
<br /> Borraw�r sha��not destr�y, damage or impa�r�he Property, ail�w�he Property to deteriora��, ❑r commi��vaste on
<br /> the Proper�y.Borrower shall be in default if any forfe�ture actian or praceeding,whe�her�ivil or criminal,is b�gun
<br /> tha� �n Lender's goad fa��h judgment �ould resul� in forfeitur� of�he Properry or o�herwise mater��.I1y impair�he
<br /> Iien created by �h�s Secur�ty Instrument or Lender's s��uri�y interes�. Barrov��r may cure such a defau�� and
<br /> reinstat�, as provided�n secfii�n t���ed Borr�wer's I�igh�to Re�n�tate, by caus�ng the ac�ion or prv��eding��be
<br /> dismissed w��h a ruling�hat, in Lender's good fai�h determination,precludes forf�iture of the Borrovver's interest in
<br /> �he Property �r o�her ma�erial impa�rmen� of the �ien crea�ed by �his Secur�ty �ns�rumen� or Le�d�r's security
<br /> interest.Barrower shal�als�be�n default if Borrower,dur�ng the loan appli�at�an process,ga�e xnateria�ly fa�se or
<br /> inaccura�e informa��an or st�temen�s �o Lender �or failed to pro�ide Lender wi�h any ma�erial information� in
<br /> connec��on vvi�h�he loan evidenced by the Cantrac�. �f�his Security Instrument is on a leaseh�ld, Borr�wer sha�l
<br /> camp�y wzth all the pravisions of th� �ease.If Borrow�r acquires fee t��Ie�o�he Prop�rry,�he leaseh�ld and�he fee
<br /> txtl�sha�l not merge unless L�nder agre�s to�he merger in wri��ng.
<br /> Protectivn of Lender's Rights in �he Property. If Borrov�er fails to perform �he co�enants and agreements
<br /> conta�ned in this Security�n�tru�men�, or there is a legal proc�eding tha�may sign�f can�ly affec�Lender's righ�s �n
<br /> th� Properry �such as a proceeding in bankruptcy, probate, for condemnat�an or forfe�ture �r�o enforce Iav�s or
<br /> reguiations}, then Lender may do and pay far whatever is necessary �o protect �he �a�ue of the Proper�y and
<br /> Lender's rights �n�he Prflperty. Lender's actions may include paying any sums se�ured by a Iien vvhx�h has pr�arity
<br /> over�his Security�nstrwm�nt, appearing in cour�,pay�ng reasonable attarneys'fees and en�er�ng on th�Pr�perty to
<br /> make repa�rs.Although L�ender may�ake action under this sec�ion,Lender does n��have to�a so.
<br /> Any amaunts d�sbursed by Lender under this s�ctron shall b�come additiona� deb� of Borrower s�cured by �his
<br /> Security �nstrument. Unless B�rrower and Lender agree �a other �erms af payment, thes� amo�n�s sha�� bear
<br /> in�erest from the da�e af di5burs�ment at �he same ra�e assessed on ad�a�ces under �he �on�ra�t and shal� be
<br /> pa�ab�e,w��h interest,upon r�.a��ce from Lender�o Borrower requ�s�ing paymen�.
<br /> �2��4-241�Compliance Systems,�nc.4958-2E3A-2413L2.3.1.8�3
<br /> Cansurner Real Estate-Sec�rity Instrument I7L2b36 Page 2 af 5 www.camplian�esystems.cvm
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