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��15��435
<br /> Applicable Law. As used in �his Security Instrument, the ��rm �'Applicable Law" sha�� mean a�� c�ntrol��ng
<br /> applicable federal, s�a�e and Iocal statutes, regu�a�ions, �rdinances and adrr�.inistra�i�e rules and orders ��hat have
<br /> �th�effe��af�aw}as v�e�l as a�l applicab�e fnal,nfln�appea�able jud�cial opinians.
<br /> Charges; Liens. Borrawer shal� pay all �axes, assessmen�s, charges, fines and imposi�ions attr�bu�a��e ta th.e
<br /> Proper�y which may a�tain�ariflrity o�er th�s Securi�y �nstrumen�, and leasehald paymen�s or grou�d r�n�s, �f any.
<br /> At the request�f Lender,Borrower shall pr�mptly furnish t�Lender r�ceip�s evxden��ng the payments.
<br /> Borrower sha�I promptly discharg� any�i�n vvh�ch has pr�ority��er�his 5�curity�nstrument unle�s Borrower: �a�
<br /> agrees in writing to the p�yment of th� obligation secured by �he ��en in a manner acceptab�� �o Lender; �b}
<br /> contests i.n good fa�th the lien �y, ar defends agains� enfarcement of�he I�en in, legal proceed�ngs which rn�he
<br /> Lender's op�nion opera�e to prevent the enforcement of�he lien; ar �c� secures from the holder af�h� lien an
<br /> agre�men� satisfa�t�ry�o L�nder su�ordina�ing the lien tfl this Secur��y �ns�rumen�. �f Lender determ�nes that any
<br /> par� of the Properfiy rs sub��c��� a l�en wh��h may attaxn prior�ty a�er th�s Security Ins�rument, Lender may gi�e
<br /> Borrower a notice iden�ify��g the l�en. Borraw�r shall sa��sfy the l�en or take one �r more of the a�ti�ns se�for�h
<br /> above wi�h�n 1�days�f the gzving of noti�e.
<br /> Hazard or Property InSur°ance. B�rrav�er shall k�ep the impro��men�s r�ov�ex�s��ng or herea�ter erected�n�he
<br /> Property insured against loss�y f�r�,hazards�ncluded w��h�z the�erm "extended co�erage" and an�other hazards,
<br /> includ�ng fl�ods ar flood�r�g, for wh�ch Lender requires insurance. This �nsurance shall be mainta�ned �n the
<br /> am�unts and for the per�ods�h.at Lender requ�res. The �nsuran�e�arr�er provid�ng the�nsurance shall�e chnsen by
<br /> Borrower subjec� �o Lende�-'s approva� which sha�l not b� unreasanab�y withhe�d. �f Borrov��r fai�s �a m.aintain
<br /> �o�erage described above, L�nder n1ay, at Lender's �p��on, obtain co�erage ta prate�t Lender's rights �n �he
<br /> Proper�y�n accordance with section�itled Pr�tect�an af Lender�s Rights��the Property.
<br /> A11 insurance policies and rene�vals sha�I be �.�ceptable �o L�nder and shal� include a standard mortgage clause.
<br /> Lender shal�have the righ�-�o hold�he policies and renewals. �f Lender requires, Barrower shal�promptl�gi�e�o
<br /> Lender a��receip�s�f pa�d prem�ums and r�nevval natices. In the event of loss, Borrov�er shal�g�v�prampt no�ice
<br /> �o the ir�surance carrier and L�nder.Len�er may n�a�e proaf of�oss if no�m.ade promptly by B�rrov�rer.
<br /> Un�ess Lender and Borrower a�herwise agr�e in writing, �nsurance proce�ds shall be app��ed �o restara�ion or
<br /> repair of the Property damag�d, �f, in Lender`s s��e discretion, �he restoratian �r repair is economica�ly feas��le
<br /> and Lender's secur�ty is not lessened. If, in L�nd�r's sale discretion, the restara�ion or r�pair is not econon�icai�y
<br /> feas�ble or Lend�r's security v�ould be Iessened,the insurance proceeds shall be applied to th�sums secured b�this
<br /> Secur�ty �ns�rum�n�, wheth�r or not then due, with any excess paid to Borrotiver. �f Borrav�er abandons �he
<br /> Pr�perty, or does na�answer w�thin the number of days prescribed by Appli�ab�e Law as set for�h�n a notice from
<br /> Lend�r ta Barrower that the insurance carr�er has flffered�o settle a cla�m,�hen Lender may collec��he �nsuran�e
<br /> pr�ce�ds. Lender may use the pr�ceeds �o repair or restore the Property �r to pay sums secured by�his Securi�y
<br /> Instrument,whether or nfl��hen due. The p�rzod oft�me far Barrov�er�a ans�er as set forth in the n�tice v�i�l begin
<br /> �uhen�he noti�e is gi�en.
<br /> Unless Lender a.n.d Borr�w�r other�ise agree in v�rit�ng, an�app�xcation o�proceeds to princ�pa� shall nat extend
<br /> or postpane the due date of�he payments due under�he �ontra�t or change th� amoun��f the paymen�s. zf under
<br /> the sect�on titled A��eleration; Remedies, th� Proper� is acqurr�d by Lend�r, Borrower's right�fl any�nsurance
<br /> policies and pro�eeds resui�ing from damage to the Property pr�ar�o th� acquisition sha�l pass �o Lender to the
<br /> extent of the sums secured by th�s Secur�ty Ins�rumen�imme�iately pri�r to the ac�u�s��ion.
<br /> Freser�a�ion, IVlaintenan�e and Protection of the Property; Borrower's Loan Appl�catian; L�aseholds,
<br /> Borr�wer shall n�t des�roy, damage or i_mpa�r the Proper�y, a�lav�the Prop�rty�fl deteriorate, flr comm��was�e on
<br /> the Proper�y. Borrov�er shall b�in default if arny forfeiture action�r proceeding,whe�her civil or criminal,is b�gun
<br /> that in Lender's goad fai�h�u�gment cou�d resu�� �n f�rfeiture af the Property or atherwise ma�erza�ly impair�he
<br /> 1�en cr�a�ed by �h�s Secur�ty �nstrument �r Lender's security in�eres�. Borrower may cure such a defau�t and
<br /> re�.n.sta�e, as pro�id�d in sec��on�i�Ied Borr�v�er's Right �o Re�nstate, by causing the ac��an or proceedi�g to be
<br /> �.ism�ssed with a rul�ng tha�, in Lender's good�'a��h de�ermina�ion,prec�udes forfeiture of the Barrovv�r's interes��n
<br /> �he Prop�rCy �r o�her materral �mpairment of the I�en created �by �his Se�uri� rnstrument or L�nder's security
<br /> �n�erest.Borro�ver sha�1 a�so be in defaul��f Borravver,during the�oan applicatzan process,gave material�y false ar
<br /> inac�ura�e xnforma�ian ar s�atemen�s to Lender �or fa�l�d �fl provide Lender vvi�h any ma�eria� znformat��n� �
<br /> connec��on wzth�he loarz e��denced by the �antrac�. �f�his Se�ur�ty �nstrument is on a�easehold, B�rrov�er shal�
<br /> comply with a��the prov�s�ans af th�Iease. �f Borr��ver acqu�res fee ti��e to the Proper�y,the Ieaseho�d and the fee
<br /> �it�e shal�no�merge unless Lender agr�es�o�h�merger in vvr�ting. �
<br /> Protection �f Lender's R��hts in the Property, �f Borrower fazls tfl perform the �o�enan�s and agr�emen�s
<br /> contained xri th�s Secur�ty Instrumen�, or�here �s a legal proc�eding�hat may sign�fi�an��y affec�Lender's r�ghts in
<br /> the Proper� �such as a proceeding in bankruptcy, pro�ate, for condemna�zan or forfeiture or to enfor�e �aws or
<br /> r�gulat�ons�, �hen Lender rr�ay do and pay for w�.atever is necessary tfl pro�ect �he �alue of the Property and
<br /> Lender's righ�s in the Proper�y. Lender's a�tions may inc�ude paying any sums secured by a�ien vwhich has pr�ar�ty
<br /> over�his Se�ur��y Instru�men#:, appear�ng�n cour�,pay�ng reasonable a�torne�s'fees and�ntering on th�Prop�z�y to
<br /> make repairs.A�thaugh Len�er may�ake act�on under this sec�ian,Lender d�es nat ha�e to do s�.
<br /> Any am.ounts �i�sbursed by l�ender und�r �h�s se�tian shall h�come add��iona� del�� �f B�rrower ��cured by th�s
<br /> Se�urity Ynstrumen�. Unless Borrawer an�. Lend�r agr�e to other terms af paymen�, these amounts shall bea�•
<br /> �interest frflm �the da�e af�i�bu.rsemen� a� the same ra�� assessed on ad�ances under the �ontract and sh�.Xl be
<br /> pa�abl�,with interest,upon n�ti�e from L�nder to�orrower requesting paymen�.
<br /> C�2Q04-2414 Cam�liance Systems,�nc.FDSa-A78b-2413L2,14.1.895
<br /> Cons�zmer Real Estate-Se�urity�nstrf.zment DL2�36 Page 2 a�5 www.�am�liar�cesystems.com
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