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��15��573
<br /> A �icab�e Law. As used in this Secur��y �nstrumen�, the �erm "Applicable Law" shal� mean aXl contr�Iling
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<br /> a l�cable federal, s�a�e and loca� statu�es, regu�ations, ordinances and administrative rules and orders �that ha�e
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<br /> the effect of law}as vvell as all app�icab�e fna1,non-appea�ab�e judicia�flpin�ons.
<br /> �har es; Liens. B�rrow�r sha�l pay al1 taxes, assessnlen�s, charges, fines and imp�si�ions a�tributable tQ the
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<br /> Property which may a�tain priar�ty over this Security �nstrument, and �easehoXd paymen�s or gr�und rents, if any.
<br /> A�the request of Lender,Barrflvver shall promp�Iy furnish to Lender recezp�s e��denc�ng the payments.
<br /> rrflwer shall rom t1 dischar e an l�en v�hiGh has priority over th�s Security�nstrumen�un�ess Borrow'er: (a}
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<br /> agrees in �riting �o the payment of the obligation secured by �he ��en �n a mann�r acceptable �o Lender; �b}
<br /> c�ntests in gaad faith the lien by, or defends agains� er�forcement of the ��en �n, 1�ga� proceedings v�rh�ch �n the
<br /> Lender's apin��n opera�e to preven� �he enf�rcenlent of�he l�en; �r �c} secures from the holder of�he �ien an
<br /> agreemen�sati�fa�t�ry�o Lender su�ordina�ing�he lien to�his Securi�y Instrument. ��Lender det�rmines�ha�any
<br /> par� of�he Proper�y is subj e��to a lien which may at�ain pr�ari�.y o�ver�his Secur�ty Instrumen�, Lender may give
<br /> B�rrou�er a no�ice �den�ify�ng the l�en. Borr�vver�ha11 sa��sf�the I�en or take �ne or more of�he actiflns set forth
<br /> above vv��h�n 1 a days af tlae gi��ng of n����e.
<br /> IIazard �r Prvperty Insurance. Barr��ver sha�X keep�he improvements now existing�r hereafter erec�ed on�he
<br /> Property insured against�ass by fire,hazards�ncluded wi�hin the t�r�n"ex�ended ca�erage" and any o�her hazards,
<br /> xncluding floflds or flood�ng, for whi�h Lender requ�res insuran�e. Th�s xnsurance sha�1 be ma�n�ained in the
<br /> am�unts and for the periods that Lender requires. The insurance carr�er pra�lding the�nsuran�e shal�be chasen b�
<br /> Borrflv�er subjec� �a Lender's appraval which sha1� no� be unreasonably �vithheld. I�Borr�vver fails �o ma�ntain
<br /> �o�erage descr�bed above, Lender may, a� Lender's opt�on, ob�ain c�verage t� prote�t Lender'� righ�s in �he
<br /> Proper�y in accordance wi�h sect�on�itled Pratec��on of Lender's Rights�n the Property.
<br /> All insurance po�icies and re�ewals shall be accep�ahle to Lender and shall include a s�andard �mortgage c�ause.
<br /> Lender sha�1 have th�right�o ho�d�he p�lic�es and renev�a�s. �f Lender requ�res, Borr�v�er shall promptly give�o
<br /> Lender aIl re�eipts of paid premiums and renev�ral no�ices. Tn the e�en�of�oss, Borr�vver shal�gi�e prompt notice
<br /> �a the insurance carrier and Lender.Lend�r may make pro�f�f�oss if n��made promptly 1�y Borrovver.
<br /> Unless Lender and B�rrower otherwise agree in v�ri�ing, insurance proc�eds shall be app�ied �o restora�ion nr
<br /> repair of the Prop�rty damaged, if, in Lender's sole d�scre�ion, the restora�i�n or repa�r �s ec�n�mica�ly feasible
<br /> and Lender's security is na� lessened. If, in Lender's sole d�scret�on, the rest�rat��n or repair is no� ecQnnmica�ly
<br /> feasib�e or Lender's seCurity w�uld be�essened,�he ir�surance pr�ceeds sha�I be app�ied�o the sums secured by�his
<br /> Security �ns�rument, wheth�r or na� �hen due, with any excess pa�d �tfl Borrawer. �f Borravver abandans the
<br /> Property,or does not answer v�ithin�he number�f days prescribed by Appli�ab�e Law as set for�h in a notice from
<br /> Lender to Borrower tha�the insurance carrier has offered�� set��e a cla�m,th�n Lend�r may collect the �nsurance
<br /> proceeds. Lender may use �he proceeds �� repair or rest�re the Property flr t�pay sums secured by�his_Securit�
<br /> �nstrument,whe�her or not then du�.The per�od af t�me for B�rrower t�answer as set forth zn the no�ice wil�beg�n
<br /> �vhen�he n�tice is given.
<br /> Unless Lender and Borr��er othe�-v�ise agree in wr�ting, any applicati�n of proceeds�o prin��pal shall n��ex��nd
<br /> or pos�pone the due da�e of�he paymen�s due under the Contrac��r change the amount of the�ayments. If under
<br /> th� section�it�ed Acc�ierat�an; Remedies, the Proper�y is acquired by Lender, Borro�ver's right to any insurance
<br /> policies and proceeds resu��ing from damage �o the Property prior�o the a�qu�sitiQn sha�� pass to Lender to �he
<br /> , ex�ent of�h�sums secured by�his Secur�ty�nstrument immed�atel}�pr�ar�o the acqu�si��an.
<br /> Preservation, Maintenance and Protection of the Property; Barrawer's Loan Appl�catian; LeaSehnlds.
<br /> B�rrower shall not destroy, damage ar impair the Property, allow the Properry�Q deteriara�e, or comm��waste on
<br /> �he Proper�y.Borro�ver sha11 be in default if any forfeiture ac�ion or pr��eec�ing,v�rhether ci�il or crim�nal,�s begun
<br /> tha� �n Lender's good faith judg�nent could resul� �n forfeiture of the Property or otherwise mater�a�Xy impair the
<br /> l�en crea�ed hy this Se�urity �nstrument or Lender's secur��y �teres�. Borro�er may cure such a default and
<br /> re�nstate, as prflvid�d in se�tion tit�ed Borrower's Right tfl Reinstate, by causing�he ac��on or prviceeding to be
<br /> dismissed vv�th a ruling tha�, in Lender's goa�i fa�th determinat�an,precludes farfeiture of�he Borrower's in�erest in
<br /> the Proper�y or o�her ma�er��� �mpa�rment of�he lien created by this Securi�y �nstrumen� ar Lender's security
<br /> xnteres�.Borrower shall als�be in default if Borr�wer,durxng�he Ioan app�ication pracess,gave ma�erially fa�se or
<br /> �naccurate infonnat�on or s�atemen�s to Lender ��r failed ta pravide Lender w�th any mater�a� informa�ion) �.n.
<br /> cvnne�t�on with�he Ivan e��denced l�y�he Contract. �f�his Securit� ��strumen�is vn a l�asehold, BQrr�wer sha1�
<br /> �omply w�th a��the prflv�sions�f the lease.�f Borr�wer a�quires fee tit�e ta�he Property,the Ieasehold and the fee
<br /> title sha�l not merge un�ess Lender agrees to the m.erger in wri�in�.
<br /> Protectxon ❑f Lender's Right� in the Prnperty. If Barr�vver fa��s to perfnrm the ca�enants and agreemen�s
<br /> contaxned�n�his Security Znstrument, ar there �s a Iegal proceeding tha�may sign�fcantly affect Lender's righ�s�n
<br /> �he Pr�per�y �such as a proceed�ng in ba.nkruptcy, pro�ate, for condemnation or forfeiture or�o enforce laws or
<br /> regula�ions}, th�n Lender may do and pay for vvhatever is necessary �fl prote�t the �a�ue of th� Property and
<br /> Lender's rights in the Proper�y. Lender's actians may�nc�ude pay�ng an�sums secured by a�ien v�rhich has prxority
<br /> over this Se�urity Instrument, appearing in c�ur�,paying reasonab�e at�orn�ys'fees and entering on�he ProperCy to
<br /> make repairs.A�th�ugh Lender may�a�e action under this sec�ion,Lender does nat ha�re�o do s�.
<br /> Any amoun�s disbursed by Lender under this sectiun shal� become additiana� debt of Borr�wer se�ured by this
<br /> Se�urity �nstrument. Unless Borr�wer and Lender agree �o o�her �ern�s of payment, these am.aun�s sha�1 bear
<br /> znteres� from �he da�e �f d�sbursemen� at the same rat� assessed on ad�ances under �he Contrac� and sha�l be
<br /> payable,w��h in�erest,upon no�ice frvm Lender�o Borrower requ�st�ng payment.
<br /> Cc�20�4-�D�4 Compiia�ce Systems,in�.4�5$-3]52-2Qi3L�.3.l.8fl3
<br /> Cansumer Real Estate-Sec�rity I�strument DL2Q3d Page 2 of 5 www.compliancesysterr�s.cam
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