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<br />- . ""`Y;`"'''�""�'"';:';='.'�' S. Huxard ar I'ruprrty insurancr. 80����o�ver ,hutl ku;p the iniprovements now existing or herrmftcr erected on the —�-•�::���_:-_---
<br /> ; Pt�perty insurcd nguimt l��ss by firc, hw.�rds tnrluded within thc tcrm"extcndcJ rnvcragc"und any othcr huzards, including '" '" `
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<br /> ' � �. ., s� floudY ar Acx�ding, k�r wl�ich C.endcr rcyulres in,urunrc. This intiuruncc shatl hc maintainecf in thc umounts and for thc periads <=
<br /> '�' ` .•:�'�'�� that I.cnder reyuires.Thc insuruurc currlcr pruviding the inyurunce shall be chosen by Borruwer wbject ta L.ender's approval ``�����,'•`_�'��`=`�
<br /> J�' '��: �' „ �`'"`" which shull nnt be unreur�cmnhly withhcl�l. ll' f3�+rri�wcr fuilx to maintain coveruge de�:cribed abavc, I.endcr mny, at I..ender's , • . •'"�';���;� �
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<br /> '�y�,t�,..;,�,'�.��"� uption,ubtuin ravcrnge tu prutcct[Andcr'h rl}�hty in ihc Pr��erty in uccardance with puragtuph 7. ,.,;,�,:;.�_
<br /> � . All I�surance {x�ticieti und renrwuly ,hull he urreptahle to Lender nnd shull include u stundard mortgage clause. Lender ° '��"�`'���c�•:
<br />- � ; • �• � shaU have the right tn hntd�he�»dicic+nnd rcnewidn. If I.�nJer rcyuira�,Burruwer�l�ull promptly give tu Lender all receipt�uf ' • �.r. - --
<br /> � ��•'� paid premium+und rcnewid noticcti. In�hc cvcnt��I'li�titi.Eiiirrc�wer shaU give prompt notice to the insurance currier and Lender. ' , . •"':`���`�- _
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<br /> ., . '.. ^ �.� L.cndcr inuy mukc pru��f uf lus�if nat mudc prumptly by�orrowcr. , "�
<br /> � • " � � L'nlcsx I.cndc�and pi�rrnwcr othcrwi+c ugrer in writing, in,urunce prc�ceeds shall be applied to restoration ar repuir of thc ' .'
<br /> �. � � . Pmperty damuged. if thc re.rtorutiun or repuir i.cruuomirutly feusihle und I.er.dcr's xecuriry is nat lessened.[f thc restoration or � � � _�
<br /> ° � . repair i+nut ecoac�micutly fcutiihtc ur IAndcr'�yccurity wuuld t�: Icssencd. the insuruncc proceeds shall be applied to thc sums .. „
<br /> � . gecured by this Srcurity Inrtrument, whether c�r not the» due, with any exces,paid tu Burrower. if Borrowrr abandon+ ti�e - -
<br /> Pmperty,or doec not unswcr within 30�luy�u nutirc ftrnn l.ender that ihe insurance cArrier has offered ta settle a claim, thcn • �-
<br /> /1 " , • l.cndcr may c��ticrt thc in�urancc pr�xccd+. IAndcr muy usc thc pr�xecds to repair ar restorc thc Property or to pay sums � ��
<br /> .. ° , ucural by thir;Security lnstrumcnt, whcthcr or nat lhcn duc.Thc�0•duy pericxi will beRin when thc naticc is given. �• °��;
<br /> ' Untess Lender und Hnrrc+wer ��thera�f�c ugrce in wrinng, any applic�dun of prc>ceeds to principul shal� not extend or •.,�.
<br /> . • pastpunc thc duc dutc af thc monthly puymcntti rcl'crrcQ t��in puragruphti 1 and 2 ar d�angc thc amount of thc payments. If ° ..;.�'�'�—
<br /> . under puru��uph 2! the P�opcny iti ucyuir��J by l.endcr, fiarrawcr'+right to uny insurnnce palicfes and proccedti resultin�from . _ �,�,��-,;—
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<br /> __ ... :r..�..�._.:'_;_._._._� �iema�t�tn tho Pm�+rrly�+rinr t��thn ncqniwitinn.hnit�ui�.ta I.•nd��r a�thc rxtrnt of the sum.r• xecured bV th'is ScCUTity Insttument :.:_,,_.__,..��fl�: .-- ___
<br /> � � immediutcly prior to thc acquitiition. " ' •j�•
<br /> � , 6.(kcupancy�Preservutian. Maintcnunce uncl Nrotectiun of the Pruperty; Barroaer's I.oan Application;I.easeholds. , ' p
<br /> . _ &�rro�ver tiBcsil accupy,e+tublitih,und u,r the Praprrty u.13��rruwrr'�prmripul residencc within sixty ds�ys after the execution of -;..� �
<br /> •' this Security Imtrument und.rhull rontinue tu�rccupy thc PratKrty n� �urruwcr's principal retiidencc for ut leatit one year ufter ' ti;ti ���_-
<br /> � the date of occupuncy. unlrsr l.ender otherwitic i�brer+in a•rit in�;, wl►irii ran,ent shuil not he unrea�onably withheld, or unless :'• �
<br /> � � extenuatin circumtitunceti exi,t which ure t+cy�►nd Harru��rr'. r�mtr�d. Borrower rhull not destro , duma c or im air the �vi��'�
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<br /> . .. Property, ulluw thc Property to drtcriurutc. lli l'l�illillll �biltill• un thr Proprny. �orri�wcr shall bc in dcfuult if uny forfciturc '�' rf
<br /> � action or pruceeding, whether civil cir rriminul, i.hcgun Uu�t in 1 xndcr'. g�xxf fuith judgment could result in forfeiture of the " ���� —
<br /> � Property or othcrwi�c muteriully impuir the lien rrcutrd by�hiti ticrurfty Intitrument or Lender'.r security interest. Borrower may �� ;��� ,
<br /> '�`.�,- -•-_----- cu�e+uct�u defuuit und rein+tute.u�provialeJ in pun�gru�+h 11c. by cuu�ing�i�e uciiun u� N,�w.:�ding tu Ue di,►nitised with u ruling �`��Y
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<br />-- that. in Lender's gaod�fuith determinaticm. precludc� Iurlcuurc ut qie H��rrowcr'+ interest in thc !'roperty or other material -- , � -'- "
<br /> impairment of thc licn crcutcd by thi�Sccurity In�trumcnt ur IAndrr'+.rrurity intcrc,t. Borrowcr shall ulsc�hc in dcfuult if °. .�' �
<br /> Bnrrower, during the loun upp►icution prorr..,gu��e mutrriidly ti�l�e�+r in;iccurute inti�rnwticm or titatements to Lender(or failed ,` ��
<br /> to prcwide L.ender with uny muterlul intirrmudan►io runnernun wlth the luun cvidcnced hy the Note, including,but not limited :�
<br /> � to,representutinnti cuneerning Bi�rruwer'��kcupunc�-ul the I'ro�xrty u.n��rinripul re.idencc. !f thi�Security In+trument is on u
<br /> �, �.
<br /> •• Icnsehcild. &�rrowcr yhull rurnply witN aU thc pr���i.iu�„��f ihc le:i,c. It liurn►���rr acquirc� fce title tn the Prc�perty. the _,;�•.
<br /> „ IcascholJ und thc fec tidc shult not mcrEc un�r��l.rnilcr u}!rec�tu thc�ncr�cr in uritiaE.
<br /> , 7.Protection of i.ender'+RlKhts In the Wropert�� If&►rru��rr Ianl,a��x�rti�nn the cuvenunt.und agreemcnts contuined in ;i��
<br />- this Sccurity Instrument. or thcrc i�u Ic�ul pr�kccdin�U�c�i nuiy ,iEml�c,u�U� cdlrrt l.rndcr'.rights in thc Pruperty (.rurh a�a ••r
<br /> = proceeJing in bankruptry: prahutc. ti�r c�mdrnmutiun ur li,r�riturr ur tu�nturrc li�w,�,r re�!ulatie�n+l, thcn I.end�r muy do and ..i,.� '
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<br /> ; pay for whatever is nece+,ury tu protect the vulur uf thr Pru�n�t� un�l Lcndrr', ri}:hl. in the Property. I.cnder's urtion. may ;,�'���,�
<br /> � includc paying uny sum+ �crureJ hy u licn a�hich hu, prii,rn� �,�cr tb�. ticrurit�• Irnrrwncnt. appcuring in court. paying -.��i ,.�-
<br /> . . rcu��muble uuornc � fcc.unJ rntcrin�un thr f'ru rrt tu nril.c rr ;�u�,.Altlinu�1► Lrudcr mu tukc artiun undcr this ,►ra ru h '';`�
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<br /> 7,I.cixtcr d�ks nut havc tu du ti�►. ��..
<br /> , Any umountti disbur.rd hy IxnJcr under thi� pun��nq�h 7 �hc�ll hriumr udditiinwl dcbt nf &vrowrr�ecurcd by thiti .. .. ^_•7'
<br /> ' Security Inxtrument. Unle+,Burruwer nnd Lendrr agrre a+��Uirr tcrm,�d p:q rornt,thr.c unuiunt,,h�ll bcur interctit fr�im the �
<br /> Jute af di,bur,ement ut thc Nutc rutr unJ.hull he pa�aMc, with int��r�.t, u��nn natirc frum I.cndrr te� Borrowcr rcquc+tin�; . �:,�
<br /> puymcnt. �.
<br /> ' 8. MartRaue Insuruncc. If Lendcr rcyuir�d murtga�r m�ur;uirr:�.a�•undm�m uf�u;�king thr luan sccureJ by thi�Scruriry � '�•
<br /> Ai+trument. Borra�ver ,hall pu�• thr premiuni, rrquired a,m:uut:a�n the na,it�a}r io.ur:m.•� in rflert. if, ti�r any reu.on, thr I
<br /> mortgagc in�urunrc rc�vcrugc rcquircd hy I.cnd�r lap.r,ur rru.e, tu he m ru�•�•t. Hurn���rr +hall pay thc premiunu rcquired tn � .
<br /> ubtuin rc�vcrugc.ub+tuntiuUy rquivalcnt tu thc nun�tNa�:e m�ur:ua•r prc�iuu,ly �n eU�•it. a�u ru.t ,uh,tantiully cyuivalrnt to the ''.
<br /> .' co�t to Borrower of the nuirtgugr in,urunce pre�i�,u.l� �n�I trrt. Ir�nu un ;iltr�n.ite naut�u�c in,urrr appravcd hy Lender. If -
<br /> ' suhstuntially cyuivulcnt mungugc imuran�c ru�cru�c i,n„t,��;ulahlr. Nnrr�n�rr.h.dl pa��u Lrndrr�urh motith u+unt cqual!o
<br /> , <me-twrlfth af thc yearly niurtgugc in�ur:�n�r�«„��u„�n��►�E ra�d h� liurn�aer ah.•n d►r m.uran�•u cuvcra�r lapticd or ccaticd tc� �
<br /> - � i be in eCtect. Lender wil�arrcpt.u.rc anJ retam thc.r�r,��mrnt. a� .�I�,�. i.•.rr�.�u; hru ��t murt}a�!r intiurancc. [.��., re�en�c ! �
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