2� 17�2141
<br /> Applicable L�w. .A� used iri �hi� Secur��y Ins�rumen�, �h� t�rm "App��cab�e Law" sha�i mean ail cor��.ral�i�g
<br /> app�xcab�e fed�ral, s�a�.e and Iocal s�atutes, regu�a�ians, ardinances and admin�s�ra�rve ru�es and orders �tha�have
<br /> �he effect of Iavv}as We11 as a�:�ap��zcabie�nal,�.on-appealabl��ud�c�al opin�ons.
<br /> Charges; Li.ens. B�rro�ver sha�l pa� a�� ��.xes, assessmen�s, �hargesy f nes and impas�txons at�ribu�ab��� t� �he
<br /> Property wh�c�.may attain pri.ar�t�over�h�s Security Instru�n�nt, ax�d��aseho�d paym�n�s or ground rents, zf any.
<br /> At the request of Lender,Bnr��oWer shall prflmp��y furnish t❑Le�.der receipts euzdencing�he paymen�s.
<br /> Bflrrawer sha�l pramp�ly dxsc:harge any �ien vvhich has p�xority��rer th�s 5ecurz�.y Instrumen�un�ess Barrower: �a}
<br /> agrees in wr�t�ng �o �he pay�nent of the obl�ga�zon secured by the li�n in a manner acceptab�e to Lender; �b}
<br /> con�estis in go�d fa�th �he lie�� b�, or defends agazns� enfflrceme�� of��he lien �n, �ega� prnceedings which ir� the
<br /> Lender's opinio�. aperate t� ��revent �he er�f�rcement of�he Iien; �r �c� secures fr�m �h.e holder of�he �ien an
<br /> agreement sa�isfactory to Lender subardinat�ng�he lien�o t�.�� Securit�r Instru.ment. Zf Lender�eterm�nes �hat ar�y
<br /> par� of�he P�-aperty is subjec��to a �z�n which may attain prior�ty aver �his Secur��y Ins�rument, Lender may gi�e
<br /> Barrow�r a notice iden��fy�ng�he l�en. B�rrovver sha11 sat�s�y the Iien�r�ake one or more of�:he act�fl�.s �et for�h
<br /> above within ��days of the�iv�ng of n��ice.
<br /> Ha�ard or Pr�operty Insura�»e. Borrow�r shall I�eep th� zm.�ravemer�ts now e��st�n� or hereafter erec�ec��r�the
<br /> Property insur�d against�oss���r fi��,hazards�ncluded W��hin�he�erx�"ex�ended co�erage" and any other��a��rds,
<br /> including fl.flods or fl�od�ng, for �vhich Lender requires in�uran��. This insurance sha�I be main�ainec� �n the
<br /> amounts and f�r the peri�ds��ia�I.ender requ�res. The i�asuran��carr�er pr�viding the insurarice shal�be ch.ose�.by
<br /> Barrawer sub�je�� to Lender's appraval wk��ch sha�� no� b� unreasar�a�Iy vvithhe�d. �f Borr�w�r fails �o ��a�ntain
<br /> �average descr��ed above, L,ender may, at Lender's op�ion, �b�ain r.average to pro�ec� Lender's rzghts in the
<br /> Propert�y in a���rdance vvi�h s��c�ian�x��ed Pratection of L�r�der's l�gh��s in tihe Prflper�y.
<br /> A�� �nsurance palic�es and rezxev�als sha�� be acc�pta�ble �o Lerider and sha1l include a standard m�rtgage c�ause.
<br /> Lender shall have the righ��fl hold�he po�icies and renevva�s. �f Ler�de�-requires, B�rrower shal�prornptly g�ve�a
<br /> Lender a��rec�ipts�f pa�d prc�miums and re�.e�ra�not�ces. In the ev�nt af I�ss, Borrower sha��g�ve pramp��a�ice
<br /> to the�nsurance carri�r azad L��nder.Lender may make proof�f Ioss xf n�a�made promp�ly by Borr�wer.
<br /> Unless Lender a�.d Borrov�er� o�herw�se agree in �rri�ing, �n.suxa�xce proceeds shal� �e appX�ed to res�ar�.�i�� or
<br /> repa�r of�he property dar�ag�ed, if, �.n L�nder's sole discr�tzan, th� �e5�ora�ion or repazr �s ec�nomical�y feasxb�e
<br /> and Lender's security is no� Ic�sse��d. �f, in Lender's so�� dzscr�tion, ��e res�ara�zon ar repair is no�econt}m�.ca��y
<br /> feas�b��ar Lender's securi�y�xrau�d�e�essened,�he insurat�.ce�roce�ds shall be app��ed to the sums secured by thzs
<br /> S e cur�ty Instrum.�nt, vcrhe�hex� or no� �hen due, �xri�h any ex�e�s p a�d �� B orrower. If B orrower abandons the
<br /> Property, or does nat ansWer��v��h�n the number af days prescribed by��pp�icab�e LaW as se�for�h in a nati.ce frflm
<br /> Lender�fl Borrotiver�ha��he i�nsurance carrier has affer��i tio se�tX� a c�a�m, �hen Lender may co�Xect th� �r�surance
<br /> pr�ceeds. Ler��der may use �h�; pr�ceeds �o repa�r or rest�re �h� Praper�y or�o pay sums se�u.red by�his t5ecurxty
<br /> �nstrument,Whether ar not�hen due.The period�f�ime for Borrovver tc�answer��set forth zn��.e no�ic�v�r��1 beg�n
<br /> wh�n the nat�ce�s given.
<br /> Unless Lend�r and Bflrr��rer otherw�se agree �n wr�ting, an��.pplicatic,n of praceeds ta principal sha�� no�t extend
<br /> or pastpone the due date of��ze payments due under�he �flnt�ac�or c�ange the amount of th�payments. :[f under
<br /> �he sec�ion tit�ed Ac�e�er�.ti���; Remed�es, the Proper�y is ac�uired by�L�nd�r, Bo��rovver's r�gh�to any�:surance
<br /> po�zc�es and praceeds resul�ir�g fram dam�.ge �o �he Praperty przor �o the acquzsition sha1� pass to Lende.r to the
<br /> extent af�he sums secured by th�s Secur�ty Instrumen�immed�ate�y priar ta the acquisi�iQn.
<br /> Prese�rvativn, 1Vlai.nt�nance and Prutecti�n of the Pr��er�y; �or�roYverts Loan App��cation; I1ea�ehald5.
<br /> Borrower shail n��destray, d��.mage or impair�he Propertyy a��Qw t�.�Froper�y to deteri�ra�e, or commx�ti�raste an
<br /> �he Praper�y: B�rrovver sha����e zn defaul�if any forfeiture act�on or proGeed�ng;whe�her civ�1�r crzmz�a�,�s begun
<br /> that in Lender's good fa��h.ju��gment cou�d�esul� �n forfeztur� �f�h� F'raperty or othen�rise ma�erxa��y�mpair the
<br /> ��en created by this Securi�y Instrumen� or Len�ier's security �nteres�:. Borrawer may �ure such a def�.ul� and
<br /> reins�a�e, as pz-ov�ded in se�ti��n titled Bor�awer's R�gh� ��l�e�x�s�a��, by causing the ac��on ar pr�ceedil�g to �e
<br /> dismissed tiv��a ru�ing�ha.�,i�a Lender's g�od faith deterrn�nat�on,precludes forfeiture of the BorroWer's in�terest in
<br /> the Proper�y or ��her ma�eri��l impairmen� of�he ��en cr�a�ed by thi�; Securi�y Ynstrumen� or Lender's security
<br /> interest.Barrotiver shall a�sa be�n defaul�if Borr�wer,during�he Iaan a.pp��ca��on process,gave materially fa�se or
<br /> �naccurate infarmati�n or state�nents to L�nder �ar failec� ta pro�i�e Lender �vith any mat�r�a� informa�ian} in
<br /> cflnne��ion v�i�:h�the Ioan evidenced by�he Contract. If this S�curi�y�ns�rument is on a �easehold, B�rraurer sha11
<br /> comply wi�h a�l the provis�on��of the�ease. If Barr�wer acquir�s fee�itle to the Property,the Ieaseho�d and.the fee
<br /> �i��e shall no�r.�erge u�.less Le:�der agrees�o�he mer�er in�itir�g.
<br /> Prote�tian of L�nder's Ri�l��s in the Prnper�y. �f Bo��rova��r fa�Is ��� p�rform. �he covenants and agr�eme�ts
<br /> con�ained in th�s Securx�ty Instrument, or�here is a lega�pr�ceedzng tha�may significantly affec�Lender's r�gh�s zn
<br /> �he Proper�y tsuch as a proc�edin� ir� ban�rup�cy, prQba�e, for condemnati�n �r forfeiture or t� enfarce �aws or
<br /> regula��ons}, �en I.�nder may da and pay f�r v6rhatever �s necess�ry t� pratect �he value �f�he Prop�r�y and
<br /> Lende�'s righ�t�in the Prop�rty. L,e�der's ac�ions may include pay��ng an�sums secured by a Iien which has prxor��y
<br /> over th�s Secu.��i�r Instrumen�, appearing�n�ourt,paying reasanable at�c�rneys'fees a�.d entering an the Property��
<br /> make repa�rs.A�though Lender may take ac�ian under�his secti�n,Lend.er daes no��ave to do so.
<br /> Any a�nounts disbur��d by L+:nder under this sectian sha11 b�came add���onal debt �f BorroWer secured b�r �his
<br /> Se�urity Ins�rrien�. Unless �3�rrav�rer ar�d Lend�r agree to a�her �erms of payment, these amour��s sha�� bear
<br /> �nterest fr�m the da�e of dzs��ursemen� at �he same rate assessed on �a.dvanc�s under the Cor��rac� and �hall be
<br /> payabl�,w��h interes�,upon n��tice from Lender to Borrower reques��mg payment.
<br /> C�2�64-24 t 5�ompliance Systems,�nc.51 SA-�Ecid-2�:5.12.3.t.1 I I 5
<br /> Cons�zmer Real Estate-Secu�ity Instr€.Fment DL2C�35 Page 2 of 5 www.c�rr�pIian�esystems.com
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