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<br /> 5. Nazard or L'roperty Ir�urance. �on�wer shall keep thc iniprovccnei�ts now existing ur l�ereafter erect �, ^
<br /> Property insurecl egainst loss by fire,bwtiarJ:� included witliin d�e tem� "earendeJ coverage" xnd any other hauuds, includin� �
<br /> flootis or floodin�, for whicl� Lender requires insunuue.Thiy f�Lyurnnce tihnll he mainta�ned in the�unounts xnd for dte pedodti ��
<br />_ • � that I.ettder rcquires.The icuuranc;e catder praviding the i►Ltiurancr.shalf t�e chosen by Bureow�r nubject w Lender�s nPPn""�� _
<br /> ,;, which slu►ll uot be unreasouably wlthheld.If Borrawer fail�to maintaln arverage descdbed ahave, IxixlNr n�ay, at Leuder'a �
<br /> ' �� opdan,obtain coverage to protect Lender's dghts in the Property in eccordance with parnEraph 7. ,
<br /> ��� All iasurance policies anei renowals sliall be acceptable to L.ender aud sh�ll iaclade a standatd mortgage clause. Lendar �
<br /> shall have the right to liold the policles and reuewals. If Lender requires,Borrower shall promptly give ro L.euder all receipto W� i
<br /> paid premiums a�►d renewal nodces.In the event of loss,Borrower shall give prompt notice to the insurance c�rrier aud 1..endnr. ,, �
<br /> Lender may malce proaf of loss if not made promptly by Eorrower. -�••� •-�,�_�
<br /> Unless Leuder and Bonower otherwise agree in wridng,insura�ce proceeds shall be applEed to restoraaon or cepair of d�� . ::.,,� - .. ,�
<br /> ! Property damaged. if the restoradon or repair is econou�ically feasible and Lender's securlty Is not lessened. If ch������u�j __�.
<br /> mpair is nat economically feasible ar Lender's security would be lessened,the insurance pra'.eeds shall be APP �� ---�_.
<br /> { secured by this Securlty Instrument,whether or not then due, with any excess paid to Borrower. If Hurrower abandono dics a_`��:::�:-�µ�
<br /> Property, or dces not ansaer within 30 days a nodce from Lender that the insurance carrier has offered to settle a cluim.than ,xr�.�..;••-' �"."`
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<br /> � '` Leuder may collect the iusurance proceeds. T.ender may use the proceeds to repair or restore the Property or to PaY s��ma� .. .;% ,
<br /> sec�u+ed by this Securlty Insavment,whetl�er or not then due.Tbe 30-day periad wiU begiu wl►en the notice is bnven. ,� =�_
<br /> ' '•' � Unless Lender and Bonower othernise agree in wridng� any applic;ation of proceeds to principal shn91 not extenA mr ' , rr.�-
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<br /> '' � '�`'1�' ` postpone the ctue date of the montlily pa�ents referrecl to in para��aphs 1 and 2 or change the tunount of the payments.If uud�sr . , �,,,.. �
<br /> �.';:-:���.::,;.::.., -:; licies and proceeds resuldnE from ,�'}1:�s'�:;';�:""°.
<br /> :• . .. ' paragrnph 21 the Property is acquiru! by Lender, Borrower's right to any insurance Pp .;•,�'�',.',,,,�,.
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<br /> � .',�'�,�,:..:;.,i.,�, dauaage to the Propetty prior ta the acquisidon sLall�ass to Lender to the extent of the sums secured by this Securtty Instrumont �. ,:. �, .�•`°
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<br /> �'� inunediately prior to the acquisidon. •.,,,_ ,:;�,�,y r.
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<br /> �. ..-�:� 6.Occupancy Preserv8tlon,Ma�ntenance and Pratection of trie Propedy; Borrower's Loan Application;LeaseJiolds.
<br /> • Borrower shall occupy,establish,and u5e the Property as Bonower's pri�ipal residence within sixty days after the execudon of �;:'• �.
<br /> � this Security Instr�ment and sha11 wndnue to occupy the Property as Bonower's principal residence for at least one yQar after �;
<br /> � � the date of occupancy,unless Lender otheewise agcexs in wridng,which consent slwll not be urueasonabYy witbheld,or unless ��.�'' ,
<br /> ; ; c����8 �}m��Q� PK�C� which are beyond Bormwer's wnuol. Borrower st�all not clestray, damage or impair the ';
<br /> .�' Propsrty, allow d�e Propetty to deteriorate. or con�mit waste on the Property. Barrowa sdaii�e in deiauti ii u;iy .`a.':ltur ,.:
<br /> � � acdon or proc:eeding, whether clvil or criminal,ie be8un tbat in Lender's good faith judgment could result in forfeirore of tha �„
<br /> ' � Property or otherwtse nuteriully impair the lten created by this Se.cudty lass�ument or Leader's security�nu�est.Bono�var may
<br /> � � cnre such a default t�nnd reinstxte,as provided in paragraph 18,by causiug the acdon or proceeding to be dismissed with a�uling
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<br /> . ' � that, ia l.ender's gooct fu1d� determinatton. precludes forfelture of the Bonower's incarest in the Pmperty or otLer matcrial
<br /> impaimient of the lien cnatal by this Securiry Insaument or Lender's security interest. Borrower sl�ll a�so 1x In cte�faul� if
<br /> ' � ,� Borrower,dudng tl►e loaa appllcadoa process,gave maeert�lly false or iaaccurnte Informadon or statements to I.ender(or fitiled `r_ ..
<br /> . . to provide I.ender w[th any material iafacmadon)in connecdoa with ehe loan evidencect by the Note. including,but aot 1[m[ted
<br /> to.reprtsentadons concernin8 B�rrower's occupancy of the Pmperty as a principal residence.If this Sectuiry Instnuuaut is on a _ .
<br /> leasehold, Honower shall comply with all the provisions of tt�e lease. If Borrower acquires fee dtle to tl�e Pmperty, tlio "�"
<br /> � leasehold and the fee dde shall not merge unless Lender agrees tv the merger in wriang. B'��.-�"'F-
<br /> 7.Protectton of Le�tda's Rlghts in the Property.If Borrower fails to perfomi the covenants and asrcements cantained'ui
<br /> •- - t1ils Security Instn�ment. or there is a legal proceeding that may signi6candy affect I.ender's rlghts in the PropErtY(such an n _
<br /> `.^r. � _ piace�ling in baninvptcy, pmbate,for condemnadon or forfeiwre or to enforce laws or reguladons),then Lender may do dud N�--_-�
<br />-.' pay for whauver is necessary co Pmtect the value of the Propeny and Lender's dghts ia the Property Lencler's acdons muy _
<br /> inc;lude paying any sums secured by a lien which has prlority ovet this Sec��rity inst�ument, appearing in cawrt, payiu� �
<br />- -• reasonable attorneys'fees ansl entering oa the Froperty to make repairs•Alt�►ough Lender may take action under tbis pnragrctpit ��.______—
<br /> i� , 7,Lender does aot have to do so. �����
<br />�'' � ', Any amounts disbursed by Leader under this paraSraph 7 shall become addidonal debt of Borrower secured by thia =-�_
<br />'° -��• Security Insaument. Unless Borrower aad I.ende;A�ee to other terms of payment, tl�ese amounts �sLali bear Intarost finm the �,�_�___
<br /> " ' date of disbursement at the Note rate and shall be payable. with interest, upon notice from Lender to Borro�ver��equestinB �2��,�;�:.<
<br />_ � ,. , � payment. ��-�`�°�-'•
<br />' ' s S.Mortgage Insarance.lf Lender required mongage insur.wce as a condition of malcing che loan secured by tLio Sec�u�ry - �Ty,_,1��x
<br /> �. Iusuument, Borrower sl�all pay the premiums requtQed to maintain the mortgage insurance in effect• If,for any roason, the
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<br /> � mortgage insurance caverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiumc ccs4uired ro j �.
<br /> obtain coverage substantially ecNivzlent to the mortgag�insuntnce pn�viausly in effect,at a cost substandelly equivultmt to tLe •;:i'L"���';;,.c �
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<br /> ' cost to Horrower of the mortgage insurance prevtausly in effect, fram an alternate mortgage insumr approved by L.endur. If �,,..t�L;ti�'._�'.;
<br /> substantially equivalent mortgage insuraace coverage is not available,Borrower shall pay to Lender eachmonth n s�un emuil m ;;ti',�y,,;�
<br /> " one-twelfti�of the yeady mortgaSe insurance P�°��1�ing paid by Bonower when the insurance coverage lup��d ar ceased tu . ,.;;�.:,...• .
<br /> ' . be in eff�t.Lender wtlt accept, use and retain these paymeuts as a loss rese�ve in lieu of mortgage insutnnce. [.nss �s�en�� . •.,„•,•,:,: -.
<br /> � ' Form 30IIU p :., ,
<br /> • . . (��BVINE)iez�s�.ot v.y ae�e iNU+'r� r
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