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<br /> App�icab�e Law. As used in this 5�curity �nstrur�en�, the �erm "Applicable Law" shal� mean alI controlling
<br /> applicab�e federal, sta�e and �ocal s�atutes, regula��ans, Qrd�nances and adm�nis�ra��ve rules and orders ��hat have
<br /> the effect of Iaw3 as well as all app�icab�e f na1,non-app�alable��dic�a�opin�ons.
<br /> Charges; Li�ens. B�rrawer sha�l pay a�l �axes, assess�ex�ts, ��arges, fznes and impasit�ons a�tribu�able t� the
<br /> Property wh�ch may a�tain priarifiy over this Securi�y Ir�st�`umer�t, and leaseho�d payments or ground rents, if any.
<br /> At the reques�of L�nder,Borra�rer shall prompt�y�u�nish to Lend�r rec�ipts e�id�ncing the payments.
<br /> Borrower shall pramp��y discharge any lien which has pxiari�y over this Securit�r Instrumenr u.nless Borrower: �a}
<br /> agrees in wri�ing �o �h� paym�nt of�he ❑bligation s�cured by the lien in a manner acceptable to L�nder; �b}
<br /> con�es�s in g�od faith the lxen by, or defends aga�r�st enforcem�nt of the lien in, legal proceedzngs which in �he
<br /> Lender's op�nion apera�e to preven� the enforcement of�he Iien; or �c� secures from �he ho�der of the Iien an
<br /> agreement satisfac�ory t� Lend�r subordinating the �i�n�o �his Secu.rity Instrument. If Lender de�ermines that any
<br /> part�f�he Property �s subj�ct to a lien which may a�tain pr�ority ov�r this S�curity Instrumen�, Lend�r may give
<br /> Borr�wer a no�ice ident�fying�he lien. Borrawtr shal� sati�fy�he lien or tal�e on� or mare of the ac��ons se�forth
<br /> ab�ve vv�thin ��days of�h�g�ving of na�ice.
<br /> Hazard flr Prop�r#y Insurance. Borro�er shall keep �he improvements no,w ex�st�ng or hereafter erec�ed on�he
<br /> Propert�insured agains�loss by fire,hazards includ�c�v�i�hin t�e texm"extended coverage" and any other hazards,
<br /> zn�luding floods or flaoding, far which Lender requires insurance. This insuranc� sha11 be maintained �n the
<br /> amoun�s and for the per�ads�hat Lender re�uires. The �nsura�ce carrier pro�id�ng the insurance shall b�chasen by
<br /> Borrower subject to Lender's appro�a� vvhich shall not b� unreasonably withheld. �f Borrower faxls to main�ai�
<br /> �overage descr�bed abave, Lender may, at Lender's �p��an, obtain coverage �o protec� Lender's rights zn �he
<br /> Property in accardance wi�h section ri�led Prfltect�on of Lender�s Rights in the Praperty.
<br /> A�1 insurance p�licies and renewa�s shal� b� accep�ahle �o Len��r and sha1� include a s�andard m�r�gage clause.
<br /> Lender sha1l have the right tfl ha�d�he policies and ren�wa�s. �f Lender requ�res,Borr�wer shal�promp�ly g�ve to
<br /> Lender a1�receip�s of paid premiums and renewal no�i�es. In the eve��of Ioss, B�rrower sha�l give prornp�no�ice
<br /> ta the insurance carrier and Lender.Lend�r may make proof af�oss if�.o�made prompt�y by Bflrrower.
<br /> Un�ess Lender and Borrower o�herwis� agre� i�. wri�ing, inst�rance praceeds sha�l �be app�ied �o restorat�an �r
<br /> repair of the Proper�y damaged, if, in Lender's so�e discre�ion, �he restoration or repair is econ�mical�y feasible
<br /> and Lender's security is nat lessened. If, in Lender's sole discre�iony the res�ora�ion ar repair is no� economica�Iy
<br /> feasible�r Lender's security u�ould be Iessened,the irisurance proceeds shall b�applied�o�he sums secured�y th�s
<br /> Security Ins�rum�n�, whether ar n�t then du�, w�th any excess pa�d to Barrawer. Yf Borrower abandons �he
<br /> Property, or does no�answ�r wi�hin the number�f days prescribed by App�i�able Law as set for�h in a not�ce from
<br /> Lender�a Borrflwer thati the insuranc� carri�r has affered ta set�le a��a�m, then Lender may co�lec�the xnsurance
<br /> proceeds. Lender may use the proc�eds �o repair or restore �he Property or to pa� sums secured hy�his SeCurity
<br /> �Ins�rumen�,whether or na�then due.The periad�f t�me far Bt�rrower to answ�r as s��forth in the notice will begin
<br /> wheri�he notice is given.
<br /> Uniess Lender and Borr�wer otherwise agr�e in wri�ing, any app�ica��on of pr�ceeds �o prxncipa� shal�not ex�end
<br /> �r pastpon� �he due date �f the payments due under�he �on�ra��or change the amount of the paymen�s. If under
<br /> the sec��on tit�ed A�c��eration; Remedie�, �he Property is acquired by Lender, Borrower's r�gh��o any insurance
<br /> pa�icies and praceeds resu�ting from damage ta the Praperty pr�or to �he acquis�tion shall pass �o Lend�r �o the
<br /> ex�ent of fihe sums secured by this Security Instxument z�nm�d�ately pr�or ta the acquis�t�an.
<br /> Preservati�n, Maxntenance and Pra�ection of the Property; Borrower's Loan App��cation; Leaseha�ds,
<br /> BQrrower shal�no�destray, damage or impair the Prope�ty, �.Ilow the Property to deter�ara�e, ar�ommit waste �n
<br /> the ProperCy.Borrower shall be�n defaul��f any forfeituxe a���on or proceeding,whether civ�l or criminal,�s begun
<br /> tha� in Lend�r's good faith�udgment couXd resu�t in farfe�tur� �f the Property or otherwise material�y �mpair�he
<br /> lien crea�ed by this Securzty Ins�rumen� or L�nder's secu�i�y in�erest. Borrower may cure such a default and
<br /> reins�a�e, as provided in sect�on��t�ed Borro�ver's Right t4 Reinstate, by causing�he ac�ion ar pr�ceeding to be
<br /> dismissed vvith a rul�ng that, in Lender's good fai�h determinat�on,precludes forfeiture of the Borrov�rer's in��res�in
<br /> �he Pr�perty flr o�h�r ma�eriai impairment of�he ��en crea�e� l�y this Security �ns�rumen� �r Lender's security
<br /> in�erest.Borrawer shall a�sa be in defau�t if Borrower,dt�rir�g the Ioan applzcation process,gave ma��rially fals�or
<br /> inaccura�e infarma�ian or sta�em�n�s to Lender �or fail�d tg �arov�de Lender v�ith any ma�eria� inf�rma�ion} �n
<br /> connec�ian with the l�an evidenced by the �ontrac�, �f�his Se�urity Instrument is on a Ieaseho�d, Borrovver sha�l
<br /> comply with all the provisians of the�eas�, If Bo�rovver a�qui�-es fee ti�le to�he Property,the leasehold and�he fee
<br /> �i�le shali not merge unless Lender agrees��the mer��r�n writing.
<br /> Protection of Lender's Right� in the Property, If B�rroujer fai�s to perform �he covenants and agreemen�s
<br /> contained in this 5ecuri�y Instrum�nt, ar there is a 1ega1 proceeding tha�may significan�ly aff�ct Lender's r��h�s in
<br /> the Property �such as a pro�e�ding �n bankruptcy, pro�a�e, f�r condemnati�n ar forfei�ure or�o enforce laws or
<br /> regulat�ons}, �hen Lender ma� do and pay for whatever is nec�ssary �o pr�tect the va�ue of the Property and
<br /> Lender's righ�s in the Property. Lender's ac��ons may includ�paying an�sums secured by a lien whi�h has priority
<br /> over thls Security Instrument,appearing in court,pa�ing reasona��e a�torneys'fees and�n�ering an�he Praperty to
<br /> make repalrs.Althaugh Lender may�ake acti�n und�r thzs sec�i�n,Lex�der does no�have to do so.
<br /> A.ny amounts dis�ursed by Lender under �his section sha�1 he�ome addi�i�na� d�bt of Barrower secur�d by �his
<br /> Securx�y Instrument. Unless Borrower and Lend�r agr�e �o o�her t�rms of pay�nent, �hese amounts shal� b�ar
<br /> int�res� from the date of disbursement a� �he same rate assess�d on advances under the Contract and sha1� be
<br /> payab�e,w�th interest,upQn no��c�fram Lender t�Borrower requesting payment.
<br /> 4 2044-2�14 Compliance Systems,Inc.495$-7E4E-24I3L2.3.1.$43
<br /> Consum�r Real Estate-Security Instr�.tment DL2�3d Page 2 af 5 www.campliancesystems.com
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