2� 1 ��3745
<br /> A,pp�icable Lav�. As used in t�1is Secur�t}� �nstrurnent, �he t��rm ".App��cab�e Lativ" sha�l mean a�I �on�ro���ng
<br /> appl�ca�ble feder�.l, s�ate and lac�.� s�a�ut�s, regu�a��ons, ordinar�ces and adminis�ra��ve ru�es and orders ��hat ha�e
<br /> the effect of law}as v�reii as all app��cable fina�,no�aWappea�ab�e,judic�a�Qpin�ons.
<br /> �harges; L�e�s. Borrov�er sha�1 �ay aIl taxes, assessmen�s, �ha�-ges, fnes and �mp�s�tions at�r�butaY��e �o �he
<br /> pr�perty which may at�a�n prior�ty aver this Se�uri�y�nstrumex�t, and �easehold payments or ground ren�s, if any.
<br /> At the re�uest of Lender,Borr���er shal�promp��y fu.rnish�a Lender r�ce�pts��idencing�he payr�.ents.
<br /> Borrov�r�r shall promptly discharg� any Iien v�hich�as prior�ty o�er�:his Security�ns�run�ent un�ess Borrov�er: �a}
<br /> agrees in v�r��ir�g �a the payme�z� �f�he obliga�i�n secured b� the lien i� a manner acceptable to L�.nder; (b}
<br /> contests in go�d fax�h �h� I�en �y, or defends against enforcer.��e�.� of the 1�en in, Iega� proceed�ngs v��ich xn the
<br /> Lender's opinion aperate �� pre�ent the enforce�t��� of�:��e l:;en; �r (c} s�cures fr�m the holder of the lien an
<br /> agreemen�satisfa�tary�o I.lendel�su��rdinat�ng the l�en t��his S�cur�t��ns�rumen�. �f Lender determines that any
<br /> part of the Praper�y �s sub�ect to a lieri �hich may attain pr��rit�r o��r�his Se�ur��y�nstrument, Lend�r may�i�ve
<br /> Borrow�r a notice ideri��fy�ng�he �ie�. Barrflv�er sha�� satisfy t�e lien or�ake �n� ar m�re of th� ac�ionfi set for�h
<br /> above w��hin 1�days of th�giv�ng af no��ce.
<br /> Hazard or Pruperty Insuranc�. Borro�er shal�keep the imp�o�rernents n�w e�is�ing ar hereafter erecl:ed on th�
<br /> Pro�er�y�nsured aga�ns��ass by fire,hazards included wit��n�r�.e term"ex�e�ded c�verage" and any�th�r hazards,
<br /> inc�ud�ng floods �r f��oding, for �hich L�nd�r requires ins�.�ran�e. Th�s insuran�e sha�l be �nain�ained �n �he
<br /> amour��s and for the periflds�hat Lender requires.The insuran�{�carri��providing�he insurance shal�be s�hosen by
<br /> Borro�v�r subject tn Lender's appra�al �h�ch shal� no� be un��eas�n���y w�thheld. If B�rr�wer fails t� main�a�n
<br /> coverag� d�scrib�d above, ]Len�er ma�, a� Len�.�r's op�ion, obt�ir� coverage t� pr�te�t Lender's r�g��ts in the
<br /> Pr�per�in ac�ardan�e�i�h secti�n�itled Protect�an of Lender's�ight�in�he PrQper�y.
<br /> All �ns�ran�e palicies arnd rene�va�s shal� b� acceptable �o Le��der and sha�l in��ude a s�andard mar�ga�e c�ause.
<br /> Lender shal�ha�e�he righ�t�o hoid the policies and renewals. �f Lenc�cr requ�res, Barror�ver shall promptly gi�e to
<br /> Lender a�l rece�pts of paid premiurrns anc�renev�ra�na��ces. �n tl�e e�e�t�f��ss, Borr�wer shall gi�e promp�noti�e
<br /> �o the�nsurance carr��r and Lender.Lender may n�ake pr��f�f loss if not made promp�ly by B�rrower.
<br /> Un�ess Lender and B�rro�er otherwise agree i� �vri��ng, ins�.�ra�ce praceeds shal� be applied �o restnra�ion �r
<br /> repair af�he Property damaged, if, in Lender's so�e discretian., �he res�oration or repair is ec��aom��aliy feasible
<br /> and Lender's security is na� lessen�d. �f, �n Lender's so�e dis���e�ian, th� res�orati�n�r repair is not econQmicall�
<br /> feasible or Lender's security vv�u�d be lessened,fih�e insurance praceeds shall be appli�d��the sums se�ured by�his
<br /> Secur��y �nstrument, v�he�her or nat �hen due, w�th any exc�ss p�.i� tv B�rrower. rf Borro�ver aba��dons �he
<br /> Pr�pert�,or does not answer�nri�:hin the nu�r��er af days prescri�ed by App�i�a�le Law as se�for�h in a nc�tice fram
<br /> Lender�o Barrower�ha��he �nsurance carrier has offered t� s�.t��� a��aim, �hen Lender may co��ec��he insurance
<br /> pr��eeds. Lender may use fihe proce�ds �o repa�r�r res�flre�h e Pro�erty or to pay sums secured by this Security
<br /> �nstrumen�,whe�her�r not then due.The period���ime f�r]Barra�vver��answe�as set forth in the noti�e�nrill beg�n
<br /> when�he notzce�s g�ven.
<br /> Uniess Ler�der and Barr��ver athe�-w�se agree ���it�ng, any appl��a�i�� af proceeds to principa� shall no�extend
<br /> �r pastpone�he due date af the payments due under the �on�r��.ct or�hange the amount af�he�sayment�. Yf under
<br /> the secti�n ti�led A�celeratia��; Rernedies, �he P�operty �s a�yuired'��Lerider, Borr�v�er`s r�gh�to any insurance
<br /> p��icies and pr�ceeds resulting fr�m damage t� the Praper�y pri�r to �he a�quis���an sha�l pass to Len�.er�o the
<br /> extent�f the sums secured by�h�s S�curity�nstrum��t�mmed�a�e�y prior�o�he acqu�s���o�a.
<br /> Pre�erva�ion, �Iain�enance and Pro�ec#i�n of the Prope�•ty; �orr�wer's Laan .�pp�icat��n; Leaseh��ds.
<br /> B�rrov�er sha1l not destroy, dan�age �r�mpair�h�Property, allov�r�he property ta deteriora�e, or�omm��vvas�e on
<br /> �he Prop��-ty.B�rr�vver shall be in defau��if any f�rfeiture acti�n ar pr�ceeding,whether�i��X or cr�mina:E,is�begun
<br /> �ha� �n Lender's go�d fa��h ju�gxnent cau]d resul� �n f��rfei�ure �f�h� Pr�perty ar otherw�se rna��rially impair the
<br /> 1�en crea�ed by th�s Security I�s�rumen� or Lend�r's securityY �nt�r�st. Barr��ver may cure such a defau�t and
<br /> reinsta�e, as pr��ided �n sec�ion�itl�d B�rr�►�er'� �ight to R�in��at�, by�ausing the a��ian or pr�cee�.�ng�o be
<br /> dismissed wz�h a ru��ng�hat, in Lender's go�d fai�t�de�ermina�ic3n,prec�udes forfei�ure of th�Borrv�ver's�nteres�in
<br /> �he Property flr other mater�a� impairment of the X�en createt� i�� t��s Secur��y �nstrur�ent or Ler�der's securit�
<br /> in�eres�.Borr�wer shall alsfl be in d�faul��f Borrovver,�uring tl:�e�oan app��ca�ian process,gave rna�erial�}�false or
<br /> ina�curate infor�na�ifln or s�atemen�s �� Lender �ar fa��ed t� pr�vide Lender wi�h any mater��.1 inforrna�ian� �n
<br /> connection w��h�he loan e�idenced by the �an�ract. �f�h15 S�CLI�'1� �I15�rUi1�.�11�15 ari �.��'�5��1�I�, Borro�rer �hall
<br /> comply w��h a�I�he pro�isions of�h��ease. If Borrower ace�uir�ls fee ti��e to the Pr�perfiy,�he 1ea�ehold and the fee
<br /> �i�ie sha�l na�merge un�ess Lender agrees�a�he�r�erger in v�n•iti�g.
<br /> ff'r�t�ctian of Lender's Righ�� �� the I�roper�y, rf�orrv�er fa�ls t� perf�rm the co�enan�s and a�reemen�s
<br /> contained�n this Secur�fiy�ns�rumen�, or�here is a legal pr�ce�id�ng��xa�may s�gn�fican��y affect Lend�r's rights�n
<br /> t�e Proper�y �such as a proceeding in ba�krup�cy, probate, for conc�env�at�on or forfeiture �r t� enforce laws ar
<br /> regulatians�, �hen Lender may da and pay for �hatev�er is n ec�ssar� t� protec� �he va�ue �f�he Pra�perry and
<br /> Lender's righ�s in�he Pr�perty. Lender's a��i�ns 7n�y inc�ude p����ng any sums se�ured by a��en v�hich has pr�orzty
<br /> v�er�his Se�uri�ty�nst�-umen�, appearing in caurt,paying reaso��able attorney�'fees and entering on the P'roperry�o
<br /> make repairs.Al�hough Lender ma��ake a��i�n under�his sec�i�n,L�nder dQes na�have to da sc�.
<br /> �4.ny amoun�s disbursed by Lender under this s��t��n shall be.com� additiona� debt of�orr�w�r secur�d b� this
<br /> Secur�ty Instrumen�. Un�ess Borro�er and Lender agre� ta ��th�r 1:erms of payment, �hese amoun�s shall bear
<br /> interest fram �he date of disbu�-ser�ent a� �he same rate asse��sed on ad�ances under the Contract anr� shail be
<br /> payable,wi�h in�erest,upan na�ice fr�m Lenc�er to�orr�wer re��uest�ng payment.
<br /> C�24�4-2�15 Compliance Systecns,Inc.8C54�9A91-2fl I S.i i.3.�498
<br /> Cansur�-ier Real Estate�Secrarity Instnime�at DI,2�36 Pa�e 2 af 5 www.campIiancesysterr�s.com
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