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<br /> __ s� 9�— iU6'762 BOOK. /�3 PAGE p�'�
<br /> S, Nwird ur P�t,r Iamn�nce. Hnrmw�r shdl kcep the impruvcmen�s ix�w exiFting un c�r+e+dter ercctai cx� thc
<br /> Nn►perty'�in�ur�xi a�win.��loss by �ira, hazsrds includccl whhin�hc�emi "ex�ericiecl rnver��ge" u�x1 any nil�cr hW�nnis, including
<br /> 0{wds ar fkwding, fnr which Lender requires in�wre�ice• Thia lnsunuxY xhrll t+e m�in��inal in the umounis und f��r the�erlcxis
<br /> th�et I.ender requir�. The insurance c�rrier amviding the insurance sfwll t►n choscn hy Borrowar RubJat to I.enJer's appmv�l
<br /> which .rhYll not be unrusonnbly withhcld. !f 8ormwe�f�ils to maintrin cover�gc dcs�:rit►a1 utx�vc, I.cixier nu►y, at landcr`s
<br /> option,oht�in rnverage to procect I,ender's rights in the Property in sccordance with parngrnph 7.
<br /> All insurana policla� anci rcnewnls shall bo aeeeptsbie tu [.cnder aixi shall ioelude a standercl mortgage cl�use. l.enckr
<br /> shAU havt tlie right to fwld the�Ucics and renewnls. If I.c�xier requircs,E3orrower shWll pmmptly give lo I.ender�lt r.�Yip�s o�
<br /> {�id premiums and renewtl tatias.In the event of loss,Borrower shall�ive pmmpt notia to the insunnce c�rri,ec�u�d!G.ecKkr.
<br /> i.ende:a m�y mak��cwf oF loss if not m�de pmmptly by Borrower.
<br /> Unkss�.en,dcr u�cf 8c►rxower aherwise agrce in writing,insunuice proceGds shall t►e applial t�a r.escc�raticin,o+r:tpair of the
<br /> proQe�ty dsnaged�,if�the restocatRO�r:r�+r irepAir is exonomicxlly feasible ard Lender's sec.ruri:tg is rno�ks.sa�d.lf the restoration ur
<br /> sl�haJl be �ed 10 the sums
<br /> rep�i�is no�t econotmicnlly fas�iWe c�r I�ender's socuriry would be IasseTOd.1h�insuraace prcx�ais +�PP��
<br /> •,a .,,n,...... .. ti i4vmw�r iFu�xlivut tlf�
<br /> securod by this Soca�ty Instcuma�t. whethc�cx ncx tnen due, witn an�r cr�y� >•�,.•�..v='.,. ..---• _
<br /> �P�nY, or cioas,nat�war within 30 ci�ys�noti�:e trow i.ender tha;ahx�rsuewe:e c*.rc6eE!��'cnod �+setUe�ctaim. tht+►
<br /> Lendcx may collect the insurar�ce proeeeds, l.nder m�r uwe the proceods w rep�ir or restoce the PrvpeRy Ar ro p�y sumc
<br /> socurexll�+y tNis Security Instrurt�ent.whether cw nat thrn d�ce.'1�30�daX pCr�od rri116egin�vhen thc ndiee ia givai.
<br /> ri'.,�SS l.erder and Borrower dherwise agrea in w.ri,ai�ag� �K appoicaaia►of�e�'�u�..':�'ds to principal shall m�4 extend or
<br /> posiEui»e the dae clate of the rranthly payme�n.r.a�eferral tv�oc►(�R�s 1 and 2 ��r�;Sz�mgc tlie amount of the puyments. 1f
<br /> u��der}�aragraph 21 the Property is acquir�o�`o�f.,���xfer,Hca�Tawer's ra�gF.n t:rA any insurance policics�e�d praoeds resulting from
<br /> drp�ga to tbe Prnpeny prior to the acquesitaco�n s,�r�►1�.ss to Letder to tht+�e;ctcnt of the sums socurod Iby this Security Instnrment
<br /> �rer�r:L.li:�tely prior to ttae ecc�uisiRwn. . ' '
<br /> •�=6.�ucupaaey,P'i'a+er�'�t�nn."1'�fatarnce aad Prot�xtion of the Pno}�erty;Borrower's Lo�a Applic�tba;I.e�seholil�•
<br /> Bonvwer shall oacupy,establi�th,�n�xi use the Pr�xrty as Bormwer's principal residen�.ro within siaty J�ys aRer the eaecution of
<br /> thin Stcurity Instrument and shxlf continue to �ccupy the Proparty as Aorrower's principnl r�cidence for at least oae yar aRa • .
<br /> t4e�1ate of oocuprr►cy,unleas i.,c�iuc��:K�wti?�.°B:�ir.::�ritir.g. �!+hirti rnnsent chall not be un[ea&ontbly wilhheld. a unless
<br /> exA�ikaiating cireumstancts exlsY wfiich are beyond Borrower's cuntrol. Borrower sh�l not destroy, d�rtuge or impair'the .., . .
<br /> Pr�ipe�riy, allow the Property to detu�orate, or oommit wnstc c►n the Properiy. Bon���►��:r. shall be in defwlt if tny fodeitun
<br /> actiur+•or procboding, whettxr civil br criminal,is begun that in Lerxkr's good tnith•jia�gi,�xau could result in forl'cai�l�of the
<br /> property or dhenvise materially impiur the la��e created by this Sauriry Instrumont or�e�lcier's secudty interest.Horrower mtX .
<br /> cure such a default and reinatate,as provid�i3 iir��aragraph 18,by causing�he action or procoeding tcn be dismissed with�rulin� �
<br /> that, in Le�der's'go«1 faith detern�inatio�,��;���ccludes forfeiture of the �orrower's interest in the tko�perty or other �r�steciel�.
<br /> im,�innent of the lien cr+e�ted by this See�cizy'[nst�ument or I..ender's socurity interGSt. Borrowar slu�ll dsa be in defsult if�'
<br /> Aorrowu,durin�� laui application process�gave materially false or inacxvrate infumWion or st�[emerns co l.ader(or faikd
<br /> to provide l.ader.with u►y material infortnation)in amnection�vith tht�1cr�►n evidt�wed by the Note,including,but rat limited,
<br /> to,rqxr�senta►icii�.q cnncerning Borrower's occiipancy of the Property�s a��rinciPd residence. If this Security Lattument is un'sC.,.
<br /> lesxhold, HorroJ�iqr'shdl mmply with all the provisions of the lease. 'If Horcower acquires fet title to the PropeRy. Wa ,
<br /> leasytwld And tha fee title shall ndt mergo unless Lender agrees to the merger in writing.
<br /> q,prokcNon oi Law�erys��°1�ts in the 1'roperty.If Potrower teils to perform the rnvenuits and a8roement4 c°nuinod in
<br /> Ihi�.SeoUrity Instcument, or ther�is a legal procoedin8 t�pt may significw►tly affect L;eader's rights in the ProneC.t�y.(such a�a
<br /> pro�Ctoding i�bankruptcy, probate. for con�deriination or forfeiture ur ta�.�°nfarce lawy or regulatioris},,then I�nder m�y do and
<br /> P�Y for wFuitevoc is'rKOes.wy to protect tfi'e��alue of the Ihoperty ard�'li�crtt�e��s rights i�the Prapeny. Leixler's actiona m�y. ,
<br /> ;n��ude pay�ng any sums axarod by a lien which h�s priority over t�is Securiry Instn►meni,,a�x�}searing in oourt, paying
<br /> rason�ble�ttorneys' fees uid�;nlering on the Property to mrke rcpairs. Although l,:cniTdr may t�lca'xtion under this p�agraph.
<br /> 7,l.ender das not h�ve to do���- � �'
<br /> Any �mounts disbursed by Lender under tfiis peragraph 7 sAa6!`'�ecwne ac�j'd°"al debt°f BOnO�"'er secured bg tbii�
<br /> Security Instrument. Unless Borrower and Lender agroe to other tern¢:s.�`i•r�yment, tM�e wnounts shai�b�ar uiterest��c
<br /> date of disbursement at the.,l►itiii� rata and shall be payable, with inY�s�:sa, upun��#i'dn from Lendcr to Borrower udti �
<br /> IPdY�r�ei►t• .� '. �,. .
<br /> • . .g.Mo�{gage Ironrance.If Lender prt��irod mortgage insurancx as a condition of ri�aking the loan socurod by this Socurity
<br /> Intitrument, Borrower shall pay che prcmu�iy°nc•required to mainGaim th� mortgage insuranca in.e�'ftct. If, for any reason, the
<br /> m9rtgage insurancx coverage required b�°�.�:�iuler laps�s or ceases tu bc in effect.Borrower sha91:��;,.,��the premiums reyuitad to,�;.
<br /> o6tain rnverage substantially equivalent to�[he mortgage,i.4�P�Y p�`s�sly in effect,at a cost:v�:��tantially equivalent to t6ti��
<br /> cost to Bormwer of Ihe nwM:�a�ge insurnnce previousl�;' ii'.•effect, from an alterru�te�t�ortgage insurcr apprava}�'itsy.►.ender. if
<br /> substantie!{y equivalent n�t5�:��s..�nsurance co�erage is nuCu�►ailable,Borrower ske2Efl��ay to C.ender txh nioaath ii u;am equa�to
<br /> otx-twtlfth o�the yearly �nortBag�i►►s�c�"�N.(�remium bei��g paid Imy&iFrow�r wtx�a Rlhe iiuuraixe cuvengc lapsed or a�s�ed EU.
<br /> be in eff�et.Il.er,pder will xcept,�use t�ax[tt�:�urc;�.aheu payments as a F.oY�:, r,esecve in litu of m�o�gzge insutanee. Loss rc�e¢i're':
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