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<br /> c,': 5. N��u��d nr I'rupc��ty Imurit�tcc. Hurru�vcr .hall kccp thc improvcmcntr nu�v cxistiiep ur hrruaftcr rrcctcJ ua� d��
<br /> �1Y� Hr�►per►y insurcJ ii�uin�t los+ hy firc, h::r.�rJs included within thc tcrm "cxtrndcd ruvc�-a�;c" and aoy othcr hu�urJs. inrluding ��`'
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<br /> ,, IlnnJ.��r tlu��din�;, fi�r�vhich Lcndcr rcyuirr. intiuranrc. This intiuranrc,h:dl bc maintuincd in thc amuunts and f��r thc perii s
<br /> � dnt l.�ndcr r�quireti.The in�uranre rarnrr providing tlie in,uran�� tiludl h� chc�un h}� dnrr�,��rr �uhjrct tu I.rndcr'�.:�ppro�•;d •� -
<br /> '�_> �ahirli �haU nui hc unrc:►snnably withhcld. If Burruacr f'aiis to maintain rovcr:��c dc�crihrd .�hnvc. l.rndcr muy. .0 l.ciicicr's �_;:
<br /> :�«;,,u++� option.��btain cover:ige tu prutect l.ender'�right,in the F'ruperty in accord�ince witlt par:►grapli 7. �°-
<br /> , . ...:! All insuranrc pnlicic� :md rencw�ds ,hall bc accrptublc ta Lcndcr a��d >hall includr a titandard murtgagc rluusc. Lcndcr �j`
<br /> --•--:� tihall havc Ihc right toho l d t hc po licics an d rc n c w a l s. I f L c.n d c r r c y u i r es. Borro�vcr sh:dl prom pdy givc to I.cudcr ali rccc�F.t:�}!' --
<br /> :k, ` paid premiums and renewal notites. ln the evcn'.of lass.Borrower shall give prompt notice ta the insurance carrier and I.ender. �*.�,'
<br /> `{" Lcndcr may makc priwf of loss if not madc promptly by Burru�ver.
<br /> ir,_:;- ;_-
<br /> .yti. �_
<br /> Unless L.ender and Borrrnver othenvise agree in writing, insurance procecds shall be applied ta restoration or repair��f ihe ._
<br /> ;� Property damagcd. if ihe restorati�m or repair is eronomicully feasiblc and Lender's sccurity is not lessencd.[f�he reswration or �;�-
<br /> ' rep.►ir is nnt economiral ly fea+ible nr Lender's security�vould be lessened, the insurance praceeds sl�all be applicd to the sums - -_
<br /> "•'' � secured by this Securiry lnsirument, whether or not then due, with any excess paid ta IIorro�ver. If Borrotiver abandons ihc �
<br /> Prop�rty, or docs not answer within 30 days a notice from Lender that the insurunce carrier has offered to settle a rlaim, then
<br /> ' Lender may collect Ihe incur.mce proceeds. Lender may use the praceeds ro repair or restore the Property or to pay sum� _
<br /> ' �� secured by this Sccurity Instrument,whether or not then due.The 30-day period will begii�when the nu�ice is given. --.-
<br /> ';; Unless I.ender and Borrower othenvise agree in writing, any applicatian of proceeds to principal shall not extend or _ �
<br /> postponc tlie due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If .=3
<br /> ' ' �4 t• under paragraph 21 the Property is aequired by Lender, Borrower's right to any insurance policies and p�eeeds resulting from ��,�_�
<br /> ,; • damagc to the Propeny prior to the acquisition shall pass to Lender to the extent of the sums sec�red by this Security Instrs:mei.t ��,
<br /> ;' • inta�ediately prior to the acquisition.
<br /> . �� 6.Occupancy, Preservation,Malntenance and Protection of the Property;BorPOHer's I.oan Application;Leuseholds. _
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<br /> Borrowcr s6all occupy. cstablish,and use the Property as Borrower's principal residence�vithin sixty days after the executiun of
<br /> :� �;s tl�ls Sccurity Instrument and shall continue to accupy the Property as Borrower's principal reside�ce for at Icast one year aRer
<br /> th°dute of occupancy, unless Lender othenvise agrees in writing, which consent shall not be unreasonably withheld,or unless
<br /> � � ..uc.����arino circumstences exist which are b�yond BorroNer's control. Barrower shall not destroy, damnge or impair the
<br />_ ',�',' ��_j;��`� Property, allow the Properey to deteriorate, or commit waste on trie Yroperry- Borruwcr si��ii uc iii d;:f�li i:ar.y '.'r.zf i:�.r� __
<br /> ••; - �--"f� 1' action or proceec9ing,whether civil or criminal, is begun that in Lc:nder's good faith judgment could msult in forfeiture of the
<br /> t: .�n ��; ' property or otherwise materially impair the lien created by this Sec:urity Instrument or Lender's security interest. Bonower may
<br /> =.;Yr'����;.n'��,'�s�.�'.� cure sueh a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to he dismissed with a ruling
<br /> �,,:� ... , that, in L.�nder's �oad faith clet-armination, precludes forfeiture of the Borrower's interest in the Property or othcr material
<br />:�,'�`;�;`'.'{�. impairment of the lien crerzted by this Security :nstrument or I.ender's security interest. Borrower shall also be in default if
<br />-- -- � `:,�, . ;;. Borrower,during thc loan application pra:ess,gave materially false or inaccurate information or statemenGs to i.ender(or failed
<br /> - ,.•`. :f '� to providc Lender with any material information)in connection wiih the loan evidenced by the Note,including,but not limited
<br /> - ������� �';� to, representations cronceming Bonower's occupancy of the Property as a principal residence.If this Security Instrument is on a _.
<br />�="-�;`.:_,;?1 leaschold, Borrower shall cumply with all the provisions of the lease. If Borrower acquires fee title to the Property,thc
<br /> .^*r•T"=I:��� leasehold and the fec title shalt not merge unless L.ender agrees to the merger in writing.
<br /> W,a�s�.,,�,
<br /> _-,�;:_�..i,�,�.� 7.�'otection ot Lender's'Right�ia the Rroperty.If Borrower fails to perform the oovenants and agreements cantained itu _
<br /> --:.�7:.;�ra�� this Security Instrument,or there is a legal proceeding that may significarndy affect Lender's rights in the Property(such es tr __
<br /> _--r°��� procceding in baz�lcmptcy. probate, for condemnation or forfeiture or to enforce laws ox regulations),then Lcndcr may du and �
<br /> _,�-_��.�,+� pay for whatever is necessary to protect the value of the Property and ➢xnder's rights in the Property. Lender's actions ma� _
<br />� ���= include paying any sums secv:al by a lien which has priority over this Security Instrument, appearing in court, payin�}3
<br /> ��',�.� -
<br /> - •���o rcasonable attomeys'fees and entering on the Property to make repairs.Although I.ender may take action under th�s paragrep __
<br /> �"==:v'� 7, Lender does not have tu do so.
<br /> ="'�;�� Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by thi.;
<br /> � Scxurity Instrument.Unless Borrower and Lender agree to other terms of payment,these a►nounts shull bcar interest from tiu:
<br /> �:;,;,���� date of disbursement at the Note cate and shall be payable. with interest,apon notice from Lender to Bonower mqucstia�; Y
<br />--�--.�it�'�"�I payment.
<br /> ` %�flt�'�"• �.1Llortgage Insurance.If Lender required mortgage insurance as a conditiun of making the]aan secured by this Securiay�
<br /> �''�%+�'�=�-°: . Instn►ment, Bors'ower shall pay the premiums required to maintain the mortgage insurance in eFc€ct. If, for any reason,t3:�; _ _
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<br />�•E'�:::"i�:�. mortgage insmancecoverage required by Lcnder lapses or ceases to be i� effect, Bonower shall pay the premiums requ� �to
<br />`'�' � � obtnin coverage substantially equivalent to the mortgage insurance previously in eftect,at a cost substantiatly equivalent to th+: _
<br />"�;��. `�;;u��� cost to Borrowcr a(the mortgage insurance previously in effect. from an altemate monguge insarer approved by Lender. tf _
<br /> '�`f ''' t��� substantially e,�aivalent mortgage insurance coverage is not availabte,Borraver shall pay to C.ender each month a sum es�u�l •tr, _
<br /> _=�-'.�;,;x,<<'•�:.,,, -
<br /> -�_ � +.,� ane-twelRh of t�e yearly mortgage insurTnce premiurn being paid by Borrower when the insurancc coverage lapsed or ceased aa
<br />-=_�`�+�y,a �i�:.�• --
<br /> �� �- '�� be in effect. Lenderwill accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss resen•c `.
<br />-.�r��i.:.%:- Form 3028 9I1J� �°
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