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<br /> �.ppli�ab�e Law. As used ua. �hzs Secur�ty Instrument, the term "Applicable Lau�" sha�� m�an all �con�roliing
<br /> appXzcab�e federal, s�ate and Iocal statutes, regu�a�ions, ordin��nces and administrative ru�es and arders (tha�have
<br /> �he effec�of Iaw�as yvell as all appli�able fina�,non-appea�abl���udicia�opin��ns. �
<br /> �harges; Lie�s. B�rrovt�er shal� pay alI �axes, assessments, charges, fines and �mpas����ns a��ribu�able �o �he
<br /> Proper�y which may a��ain priori�y over�his Secur�ty�ns�rument, and leaseh�Id payments or ground rents, if any.
<br /> A�the request of Lender,Borravver sha�l promptly fiu-n�sh to Lender receipts evidencing�h.e paymen�s.
<br /> Borrower shall promptly dzscharge any l�en wh�ch has prxorzty o�er this Security Ins�rumen�unless Borrov�er: �a�
<br /> agrees �n wrzting �o th.e payrnent flf the �bXzga�ion secured by th� lien in a manner acceptab�e t� I�ender; �b}
<br /> can�es�s in good faith the ��en by, or defends aga�ns� enfarc�;rnent of the Iien in, 1ega� proceed�ngs which in the
<br /> Lender's opinion �pera�e to prevent the enf�rcemen� af�he lien; or �c} secures from �he holder af 1:he ��en an
<br /> agreement sa�isfact�ry to Lender sub�rdina�ing�he Iien t� �hi�� Security Instrument. If Lender determines that any
<br /> par� of the Proper�y �s sub�ect�a a Iien which may a��ain priori�y over �his Se�u.rity Instrument, Lender ma�g�ve
<br /> �orroWer a natice ideri�ifying the i�en. Borrower sha�� satisfy the �ien or take one or more of the actiions se�forth
<br /> above with�n I�days�f�he giving of�.o�ice.
<br /> Hazard ar Property Insurance. Borrovver shall keep �h� irnpravem�n�s now exis�ing or hereafter ere��ed on the
<br /> Proper�y insured agains�Iass�y f re,hazards included vvithin 1�he term"extended coverage" and any o�her hazar�s,
<br /> including floods ar flood�ng, for which Lender requires in.�u.rance. T�llS IriSU.rariC� �hal1 be maintained in the
<br /> amounts and f�r the per�ods that Lender requires. The insuran�e carrzer pr�v�d��g�he insu.rance shal�be chosen by
<br /> Borrower subj ect t� Lender's appraval ,w'hich shall not be unreas�nably ��thhe�d. �f Borrower fails t� ma�n�ain
<br /> caverage described above, Lend�r may, a� Lender's option, obtain coverage to protect Lender's r��h�s in �he
<br /> Property in accordance vvith se�t�on�it�ed Protect�on of Lend�r's Rights in�he Prflper�y.
<br /> A�l insurance pol�c�es and renevt�a�s sha11 be acceptable �❑ L�nder and sha�� �ncxude a standard mortgage clause.
<br /> Lender sha��hav�the righ�tfl hold the pol�czes and r�ne�wals. �f Lender requ�res,Borrawer sha�l prorn�tly give�o
<br /> Lender al�rece�pts of paid premi�ams and renewa�r�o�ices, In�he event of Ioss, Borrower shal�gi�re prompt no�ice
<br /> to the�nsurance carrier and Lender.Lender may make prflof o:f loss zf no�made prompt�y by Barrovver.
<br /> Unless Lender and Borr��rer o�herwise agree xn writing, �n:�urance praceeds sha�� be app�ied to res�aration or
<br /> repa�r of�he Fraperty dam.aged, if, in Lender's so�e dis�re�ion, the restora�zfln or repa�r is economicaily feasible
<br /> and Lender's security is not Iessened. �f, in Lender's so�e d�sc.re�ian, the restoration �r repa�r�s nat ecs�nom�cally
<br /> feasible ar Lender's security wou�d be Iessened,the insuran�e��r�ceeds shall be applzed�o�he sums secured by this
<br /> S ecur�ty Ynstrument, �hether or no� then due, with any ex.{;es� p aid �o B arrvwer. �f B orro�er abandons the
<br /> Property, or dfles na�answer tivi�hin�he number�f days prescribed by Applicable Lavv as set forth in a n�atice from
<br /> Lender�fl Borro�rer that the zn�urance carri�r has offered�a settle a c�azm, then Lender may�ol�ec��h�: insurance
<br /> praceeds. Lender may use �he prviceeds to repair or res�ore the Property or to pay sum� secured by this Secur�ty
<br /> �ns�rument,vvhe�her flr n�t�i.en due.The period af t�me for Ba�rrovver t�ansv�rer as se�f�r�h�n the no�ice vtril�b�gin
<br /> �vhen the not�ce is given.
<br /> Unless Lender and Borrovver�tiherv�ise agree in writing, any�.pplicat�on of proceeds�o principa� sha�� noti ex�end
<br /> or pos�pane�he due dat� of�he payments du�under the �on��-act�r change �he amaunt of the paymentis. If under
<br /> the section�i�led A��e�era�ivr�; Remedies, �he Proper�y is ac+�uired by Len�er, Borrovver's righ��fl any insurance
<br /> policies and proceeds result�ng fr�m daxnage ta tlie Property prior �a the ac�uisit�an sha�l pass to Lender �o the
<br /> ex�ent of the sums secured by this Security Ins�rumen�i�.med���.�e�y pr�or�o�he acquisi���n.
<br /> PreServati�n, �Vla�ntenance and Protec�ifln of �he Proper�yg Borrawer's Loan App�i�at�an; L�ea�eho�ds.
<br /> Borrovv�r sha�l no�des�r�y, damage or impa�r�he Property, all�w�he Pr�perty t� de�eriQrate, or commi.�waste on
<br /> the Praper�y. B�rr�Wer sha1l be�n defaul�if any forfei#�ure acti�n�r proceeding,v�rhe�her c�vz�or crimina.l,is begun
<br /> tha� in Len��r's good faith judgment cau�d resul� in forfeitur�; of the Property or o�he�-vvise ma�er�a��y impair�he
<br /> I�en crea�ed by �his Security �nstrurnent or Lender's security interest. Borrower may cure such a defaul� and
<br /> r�ins�ate, as prov�ded in sec�ion�it�ed Bo�r�wer's l�ight to F��instate, by causing the acti�n�r praceeding to be
<br /> disrn�ssed wi�h a ru�ing�ha�, �n Lender's good fai�h de�ermina�ion,precludes forfeiture of�he Borr�v�er's in�erest in
<br /> �he Proper�y nr ather materiai impairmen� af the �ien created by th�s Security �nstruxnent or Lender's secur�ty
<br /> in�erest.B�rrov�er sha��alsa be in d�faul�if Barro�ver,during#:he�oan applica���n process,ga�e rnater�a�ly false or
<br /> znaccura�e informati�n or sta.�emcnts �o Lender �ar fa�led to prav�de Lender w�ith any ma�er�a� infor�:nation� in
<br /> conn�c�ion w�th the �aan evidenced b�the Contrac�. �f�his S�.curzty Instrumen�is vn a�easehold, Barr�aWer sha1�
<br /> comply vv�th aII the provisions of the Tease, �f Borrotiver acquires fee tit�e�fl�he Property,the leaseh��d a.nd the fee
<br /> ti�le sha1l not m.�rge un�ess Lender agrees�o the merger�.n wri�:�ng.
<br /> Protec�ion of I.►end�r's R�ights zn the Pr�perty. �f I3�rrov�rer fails to perf�rm the covenants and agreements
<br /> conta�ned in this 5 ecurxty Instrtx7ment, or�here is a�egal proce�d�ng�hat m.ay sign�f cantl�affect Lender's rxghts in
<br /> �he Property �such as a proceed�ng �n bankrup�cy, probat�, fc�r condernna�ior� or forfeiture or tfl enfarre lavvs or
<br /> regulations}, �hen Lender may da and pay for wha�ever is r�ecessary �o pratec� the value �f the Proper�y and
<br /> Lender's r�ghts in the Prop�rty. Lender's actiflns may in�Iude paying any sums secured by a lien wh�ch h�.s przori�y
<br /> �ver this 5ecurity Instrumen�, appearing in c�ur�t,paying reaso:nable attorneys'fees and entering on�he F'roperty�a
<br /> make repairs.A��hough Lender may take act�on under�his sect��n,Lender does not have�o d�so.
<br /> Any am�un�s dzsbursed by Lender under �his se�tinn shaZ� b�;come additiona� de�t �f Borrower secured by this
<br /> 5ecurity Instrument. Unless Borrawer and Lender agree to o�her terms of payment, these amounts sha�� bear
<br /> in�eres� fr�m the date of disbursement at the same ra�e assessed on advances under the �antrac� an�d shall be
<br /> payab�e,wit��n�erest,upon natic�from Lender to Borro�rer reques�ing payment.
<br /> C 2044-2415 C�rnpIiance Systems,Inc.$C54-1558-2DI5.1 I.3.t49$
<br /> Cvnsumer ReaI Estate-Security Tnstrument DL2036 Pag�2 vf 5 www,campliancesystems.com
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