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2� 1 ��3452
<br /> App��eable Law. As used �u� �1�.�� Securz�.y �r�strument, the term "App�zcable La�v" shal� mean all cantrol�ing
<br /> app��cab�e fede.ra�, state and ��cal s�a.tu�es, regu�ations, ordinances and adm�nis�ra�ive rules an� orders �that have
<br /> �he effec�of law}as well as a11 app�icab�e fina�,non-appealab��judicxa�op�nxans.
<br /> Charge�; Lierns. Borro�ver sha�� pa� aIl �axes, assessrnen�s, charges, f nes and impos��ions attx�bu�ble to the
<br /> Praperty v�rhich may at�ain pr�ar�ty over this 5ecurity�nstrum�nt, and�easeh�ld paymen�s or ground remts, if ar�y.
<br /> A�the request of Lender,Barro�ver shal�promp�Iy ftu-n�sh to Lender rece�p�s ev�denc�ng the payments.
<br /> Barrou�er�hall prompt�y dzscharge any�ie��vvh�ch has priority over this Sec�urxty�ns�rument unless Bagro�er: �a}
<br /> a�rees in wr�ting ta �h.e paymen� of�he �biiga�i�r� secured by thc ��en zn a manr�er accepta.b�e �a I�end�r; �b}
<br /> cantests �n gofld faith �he Iien by, or defends agains� enfQrc�ment of�he lien in, l�ga� pr�ceed�ngs wh�ch �n the
<br /> Lender's api.nian �perate to prevent the enfarcem��� of�he lien; ar �c} secures froxn �he holder of the lien an
<br /> agreement satisfact�ry to Lender subordinatixzg the �ien�o �h�s S ecu�i�y Ins�rum�n�. �f Lend�r determin�s�ha� any
<br /> par� of�the Property �s subject�o a ��en v�hich xz�a�r a�ta�n prtori�ty o�er this S�curity Znstrumen�, Lender may g�ve
<br /> Barrower a notice identify�ng the Iien. B�rrower sha�� satxsfy the li�n ar�ake one ar mor� �f the actions se�f�r�h
<br /> above�vi�hin I�days of�he g�ving of n��ice.
<br /> I3azard ar Property Insurance. B�rrower sha11 keep the improvermen�s n��v ex�st�ng or hereaf�er erected on the
<br /> Proper�.y insured against�ass by f re,hazards included vv�th�n the term"extended cou�rag�" and any o�h�r hazards,
<br /> including flaods or flaod�ng, for vvhich Lende�- requ�res �n�urance. Th�.s �nsurance sha1l be main�ained in the
<br /> amounts and for the periods�hat Lender requires. The�nsurance�arrier providing the insurance sha�I be ch�sen by
<br /> Borro�ver subject �� Lender's approval �rhich shall no� be unreasonab�y wi�hheld. �f�orrovve�r fails �o main�ain
<br /> coverage d�scribed abave, Lender may, at Lender's op�ian, ob�ain cnverage to protec� Ler_de�'s righ�� xn the
<br /> Prop�rty�n acc�rdance wi�i section��t�ed Pr�t�c��or�of Lend�r's l�ghts in�he PrQper�y.
<br /> A�I �nsurance pol�c�es and rene�va�s sha�I be accep�able t❑ Lender and sha�� znc�ude a s�andard mar�gag� c�ause.
<br /> Lender shall have the right�o ho�d�he po��cxes and renewa�s. �f Lender re�uires,Borrovver sha�1 pr�mp�Iy giv��o
<br /> Lender a�1 rece�pts of pa�d premiums and renewal no�ices. �n�he even�af lass, Borrovver shail �ive prompt notice
<br /> �o the insurance carr�er and Lender.Lend�r may xnake proof a�'l�ss if not made pr�mpt�y by Borrower.
<br /> Unless Lender and Borrovver o�herw�se agree xn �-�t�ng, insuranc� proceeds sha�l be app��e� �o resl:or�tzor� or
<br /> repair of the Proper�y damag�d, if, in Lender's sole dzscre�ian, the restaration or repai.r �s eccnamical�y �easible
<br /> and Lender's security is nat Iessened. If, �n L�nder's s��e discreti�n, t�e restoration ar repai.r is �.a� economi.ca��y
<br /> feasible or Lender's security�would be�essened,the insurance proceeds sha�I be app�ied�o the sums secured by�his
<br /> Securi�y �nstrumen�, urhe�her or no� �hen due, wi�h any ex�ess paid to �orrower. �f Borrotiver ab�.ndons the
<br /> Pr�per�y,or does not ansWer vvithin�he number of days prescr�bed by Applicab�e Lavv as set forth in a no�ice fr�m
<br /> Lend�r�o Borr�vtre�that the insurance Garrier has offered�� se�t�� a c�azm, �h�n Lender rnay cc���ect�h� �nsurance
<br /> proceeds. Lender may use �he proCeeds �o repair or rest�re the Proper�y ar�a pay sums secur�d by this Securi�y
<br /> �ns�rument,vvh�ther or not#:hen due.The periad�f time for Borrovver�o ans,wer as se�for�h�n the no�ice tivi1�beg�n
<br /> tivhen the natic��s given.
<br /> Un�ess Lender and Borrower otherwise agree in writ�ng, any applica��an of proceeds ta principal shall no�ex�end
<br /> or postpone th� due da�e of the payment� �ue under�he Contract ar change�he amoun�af the pay�nen�s. If u.r�der
<br /> the sec�ian���led A��eleratian; Remed�es, the Proper�y is acqu�red by Lender, Borro�ver's right to any�nsurance
<br /> p�licies and pr�ceeds resu���ng from damage �o �he Property prior to the acquisi�zon sha�� pass �o Lender t� the
<br /> ex�en�of the sums secured by this Security�ns�rument immed�ate�y prioz ta the acquisition.
<br /> Preservation, Maintenance and Pr�t�c�i�n vf the Propert�; Forrower's Loan Appiicat�on; L+�as�ho�ds.
<br /> Borrovver shall no�destroy, damage ar impair�he Property, aXlo�r�he Praper�y to deteriarate, or camm��vtras�e on
<br /> �he Praperty. B�rrov�rer shall be in defau�t�f any farferture ac��on or praceeding,vvhether c�vil ar crim�na�, is begun
<br /> that �n Lender's good fa��h�udgmen� cou�d resuX� �n forfeiture of�h� Praperty �r o�h��-�vise m�.�erially impair �h.e
<br /> lren created by th�s Security �ns�rumen� flr Lender's �ecur�ty �n�erest. Borrower may cure s�.ch a defauXt and
<br /> re�ns�ate, as provided in section tzt�ed Borro�v�r's R�ght to l�ei�5t�te, by caus�ng�he actian ar pr�ceed�ng to be
<br /> dismissed v5ri�h a ruling�hat,in Lender`s go�d faith de�ermina�i�n,pr�cludes forfeiture of the Borrower's�nteres�in
<br /> the Praperty or other material impairmen� of�a.e lien �reated by this Security �ns�rument ar Lender's security
<br /> znterest.Borrovver sha�l a�so be in default if Borrou�er,during�he�oan appl�cation process,gave ma�eria�l�r false ar
<br /> �naccurate info�mat��n or statements to Lender �ar fa��e� to prQvzde Lender vvi�h any materia� information} in
<br /> connec�ion v�ith the �oan e�idenced by�he C�ntract. �f this Security Ins�rument is on a�easeh��d, B�rr�wer shall
<br /> comply w��.a1I the provzs�ons of the lease. �f Borrflwer acquires fee��t�e�a the Property,the leaseh��d and�he fee
<br /> tit�e shall not m�rge un�ess Lender agrees�o the m�rger in writ�ng.
<br /> Pr�tection of Lender's Rights in th� Proper�y. �f�orrovver fai�s to perfarm the covenan�s and agreements
<br /> c�ntained in this Securz�y Instrument, ar�her� is a le�al pr�ceeding tha�may sig�zif cantl�affect Lender's righ�s in
<br /> �he Property �such as a proceeding in bankrup�cy, pr�bate, for �ondemnation or forfeiture or to enfarce Iaws �r
<br /> regulations), th�n Lender may dn and pay for vvhatever is necessary �� protec� �he value of�he Property and
<br /> Lender's rights in�he Proper�y. Lender's a��iflns may include paying any sums secured by a Iien which h�.s przor��y
<br /> aver�his Se�urity Zns�trument, appearing in court,paying reasonab�e a�orneys'fees and entering on�he Pr�perty to
<br /> make repairs.�4��hough Lender may�ake actiion under th�s sect�an,Lender daes not have�o do s�.
<br /> Any am�unts disbursed by Lender under this sec�ian shall become addit�onal debt �f Borrow�r secured by �his
<br /> Security Instrumen�. Un�ess Barrower and �.ender agree �� ather �erms af paymen�, �hese amoun�s sha�X bear
<br /> znteres� frorn the date af dis�ursement at �h� same ra�e assessed an advances under �he �ontract an� sha1l be
<br /> payal�Xe,vvi�h interes�,upon nfl��ce fr�m Lender to�3orrower request�ng paymen�.
<br /> Q 2044-�a15 Compiiar�ce Systems,Inc.8C54-4I97-2015,11.3.1098
<br /> CQnsumer Rea�Estate-Secunty�nst�-czment DL2436 Page 2 of 5 www,c�mpIiancesystems,cvin
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