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<br /> 5. Dnxarvl or!'topetiy ittsnrnnct. 9arrower shill kap tho Impmvenxms now exis�ing on c�rw�er crayed on the
<br /> Properiy Insurat ngainst lossby firc,hmm�is Includcd whhin dm �crm "extrndcd rnvcrago' r.nd nny o�hcr hz�ards, Including ___
<br />-�--�' tloafs or Iloaihi$,fof�41�I��h I.Cmte�rr.qul2s Insa�ana:.Tids insur..na sLail bc nv:fnielncd in tho amoums nnd fnr tho perinds _. _ _ __
<br /> tlml I.cndc�ttquircs. Tlio Inscmtiw carrlcr provlding thc lnsunnw shall bc chosm dy Unrrowcr su0ja��o I.cndcr's approvnl
<br /> - wLlc6 shall noi bo unrcamnabty withhdd. If Dottowcr talh�o mnfmaln mvcragc AcscrlbcJ obnvo, I.endcr may, nt IAndcr's — .
<br />--- op�lon,ob�ain covengc to protec7 I.ender's dgius in�ho Pmpeny in naorAance wiih p,ragr.ph 7. "i'`•-..
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<br /> All insumnce pollcics an9 ronewais shall be aacptablo to I.endcr and sLall include n standmxl nwngnge clnuse. Lender —�-�__:
<br /> - T shall hnvo Uio dghi to hold Iho po8cics and cenewals. If I.ender requircs,f3orm�s�cr shall prnmp�ly give m Lender nll rcceipts of � + " .
<br /> palA premiums and renewal notices.In�ho evem o(loss.Dnrrower sLaU fvc rom i noiice m�he insuranco camer ami Le�xter. 3��' -
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<br /> . ., I.cndor may mnkc pronf of loss if tto�madc promp�ly by Rono�vcr. � � ' -� -
<br /> - Unless I.ender and 6orrower oiherwise agree in wdUag,trtsurmuo proceeds s6a11 Uc apQlied to restoretion or repair of the � �i .
<br /> "" Propeny danuged,If tho resromtton or rcpalr Ls oconamtwlly feasiGte and Lender's sccurity is r.ot:eaurnd. if the restoration or �,�Jf� --V'._
<br /> :,,. repair is no�uonomicnlly feuible or Leeder's vxurity woutd be lesser�d,tAe tnsu�ae:a:proceats shatl be applieA�n ihe sunu
<br /> ,-� setured by this Secudty itut.'nt:rd,wteethet or eot then d.ie, with any excess paid to Barrower. IF Borrower nUandons ihe ta t�:,:'�.
<br /> � Properly,or does na ansm•er within 30 days a r,atce from l.ender tiwt thA inwrar.ce curier hu offerad�o seale a claim.�F.en �T� : :
<br /> Lcrt;lcr may mllaY tZe insunlce proco3ds. Lefder ntay usz tFs pcocoads to rtpair or restorc �he Propert��or to pay suats [.��j -<'".
<br /> •� secured hq Hifs Securiq Instwnent.��L'r<her or not tt�en dae.fie 3fFday periat�rill lxgin�rh:n the�mtitt is gi��en. } ` ,,,S`, .
<br /> --��� Unless 4.e�dr.r anr! Borrowec oihenrise agrR� in writing, :ny a,�ptication of procs�ts a princiFal J�all noi eza:rd or d�;f 4�tI�
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<br /> ° postQca�c d<e dua date of thc monthly p.a�mcnis rcfern•d to in p:uagrophs 1 rnd 2 or changc thc amour.i oC thz paymtm:.. S£ � ,�#�,��,,....
<br />-.-'z� nr+Aer p.va�eraph 21 the Propeny is aa�uircd 6y Leneisr,IloRO�ver's dgh�ro any insuronce polfciu a�xl Fruca;ds rcsuliing from �,.�{�_i,,..�rs_;_:--
<br /> ��ca danuge to ee;Propeny pdor ro the 3cq�xisition shail pass to LecQrr to Ihe ex�ent of the sums saured by dr.s 3:ivriry liuwmxm � -- ,
<br /> i/� Immoctiatelypriorto�hcacqaisiqon. 5 {�� j�; :_
<br /> . -d 6.Oirupanty,Preservalion,nfn9�tenaixe and Prolnlion of lhe Froperty;Borrox�ePc Em�r�Apyl3ca�ion; Leaschotds. � ,}�`�: _
<br /> '� Dortov:er shall ottupy,establish,and use the Properry as[3o`rower's prtncipal residence wi�hin 4�sq�days efter the execution of �L', � --.
<br /> _`� this Secumy ins�mmem and sM1ail mminue to ottvpy the Property as Qorrox�eYs principal residence!or ai leu�one year atier r��,ti_A ��
<br />:'�_�S�,�- the date of occupancy,unless Lender nthernise agrees in wridng, which consent s6ail noI Ix unrcazonably e�i�hheid,or uuless ��i�,S�y,''�.;'��_-�
<br /> -.-- extenua�iq; circunulances cxist which are bcyond Oorrowcr's mntrol. �orcower shall not deslroy, damage or (mpatr �he r;� ��°,v�
<br /> ��� Propeny.uslow�M1e Property to dcteriora�e,or commit waztc on ehe Propcny. Qorrower shall be in de(auh if any fodcimu �� 5 r'xi;
<br />.:.i%n ac�ion nr procecding, whcUmr civil or cdmtnal, is begun that in Ycrder's good faith judgment muid rcsult in forfcimre of if.�e ,�,+;(�.�1� •---
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<br />`..;iiY�„•Is Mopeny or o�henvisc m��erlally 6npalr t6e Ifen crca�ed by this Seturi�y Insuument or Lendcr's sceuri�y intcrcs�. [3orrowcr r.ay ;,; ,�r. „_
<br /> � -'�i wre snch a de(aul�and rcinsute,ns provided In paregmph IS,by causfng�he action or procecding to be dismfssed wlih q r..".ing ��?,,r�+ �+i°:_:
<br /> __�� tha�, in i.en3er s good faith dcicrminaiiue, p�icludc.; �orfc��wr .A�he ;,t,��a.cr's 3rt;.�:�: !n �h: P�[t�nt otlt=:r°rres! r `st..'�AL-:
<br /> , �j� Impa(munt of the Ilen crea.tM by thts Security Inswmem or Lender's securily imerest. Rarrower shall alw be in d�tiaa(a ff ri,{�'s�f, -
<br /> �'p��� Rorto�rer,dudng ihe loan applicailon pracess,gave materially false or Inaccurate intomutlon or siatemenis to Lender(or faileJ [ �> >�, -
<br /> t?l' lo,r e retentei ons ctt•�ar.cic 6orro�eer�s �aru'�ane Cof Im�Pro Wrl'�as al�rtnci'ai u d nco�I(Ntis Sau'ri�!fnc�iun em Iie ou�e {{f§i��<�,��
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<br /> �; IcastLold. Qorro�r.r xhall cemply �eidt all �hc pracisio:u of�hc Ica<e. I! Rnrmwer acqufres fet titla «.�he Properqt �hc �5�:� -.
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<br /> .,_.;y�l IeascholA x:.d�he fee�I�la chall not mcrgc unlas Lcnder ogras�o�he mcrgcr in wri�ing. �'.;�ti�',Y.;-';:�:
<br /> k}t;,, 7,�nmtetUon oF Lender's Righis In the Prapedy.if Oorrower failr.�o perfomi the covenams nnd aFreemaNS contaLxd In ��,-_ . .:ti �_.
<br /> ��ri; �his Stn�dty lnsuumwa, ur ihere is a Iegal pmeeeding that may significamly n(fect Lender's rights in ihe Propeny(such as a r� ' '4' `:
<br /> _ } promedin�In bankrupr.y, probata for condemna�ion or forfcimre or to enfmce Imvs or rcgula�lonsb�hen 1.ender may do and '>�}- E' �
<br /> �5�� pay for uhauver is ncaLSxery to pm�ect �he value ot�he Pmperty and Lender's righ�s in�6e Propeny. Iw:nder's actions may � �2 -.q -_�
<br /> �.�?� Includc p.ying any sums sxurcil 6y a licn �vhich hac priori�} u�•cr this Sceuriry �nsuumenL appcarfng tn eoun, paying lr n ', :;-
<br /> -=Y rauonable ailomeys' fe�s nnd enlering an ihe Propeny�o make rcp�irs. N�hough I.ender may�ake nction wder ihis paregraph �+t < < >:-.�-
<br /> h.� 7.Lcndcr dues na�ha�.r to doso. `u �ij' i�.-
<br /> a'-��=�� Any nmounts cl�sSarsed by Lender under t5i: �aragraph 7 shall 6emnte addidonal deb� of 6o:ru���er secured by this ;� --; �'.
<br /> ,i_,�� Security Inswmem. UnS::c�+rro��er anJ LcnJer agrcc lo otl�cr�enns o(payment. �heu amoums shall bcnr imcrcs� from�hc v t � !„ -:
<br /> ' s date of disbursemrnt ni �he Snzr ra:r nnd shall be p.r,able. u,ch in�erex�, upnn no�ice from Lendcr ta �nnmvcr rcqursting .^i�y�s�. '
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<br /> ,�r'>'� 8.Mortgage Inturm�tt.lY lwnder required mnngagt inwrarAC ac a cundi�inn of making the ban xrured by ihix Securi�y v f�I �.�--
<br /> ....;�..,,� InsuunKnt, Qorro�cer shall pay �he prcmiums r�inireJ �o maimain the mongage inwrance in c(fecl. I(, for any rr.uon, the S. -
<br /> n:ongagc insurancc m.�rrngc mquired by LcnJcr lap,cx or rra=r�to I+e in effa�, f7orm��cr shall pay ihc prrmiums raq�iud to �f y 3ny i��
<br /> �-- ' obtain eorenge subs�amially equiva:em In�he morig:�ge incunnrr pr.vinmly in effal,at a cnel subslanllally equivaltm 4�the �� i�, ��
<br />, ��rti�� cost to Oorrowcr of�hc mongagc iroor.uxc previnusl�� in .fic.i. Gnm an ahcmatc mangagc inwrcr apprrn�cd by I.crxl.r. I( �
<br />.,+`•�� substaNiall c w�alcnt mon . � insnrancc mecr.i . is not a:ailablc.6orrowrr.hall a tn Lcndcr cach mnnth a wm e ual �o ..?,��-�.�-. �:
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<br /> ��� ano-hvclllh o(�hc ycady mongagc imur.mcr prci<�r��i txing�.�id by IAttrm�cr�chcn�h�imurance corcragc lapscd or ccaccd lo � r - .�� �
<br /> �. Ix in cffca.LcnJcr�vill uccryi. ux ard x�ain�tr.,:raym.nn a a In., r..cmc in licu of mnngagc in�urancc. l.oss rcscn•c � � .. _ .
<br /> iT j� Po�m 3026 9 90 �
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