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<br /> 5. Huard or Pro�xriy Insnrnncc. Ilortowoi sh�ll Aap Ihc improrcmcnts rnw cxls�ing nn c�rcuflcr omved on the
<br /> Pmpeny Insurvd ngains� loss 6y firo, 6anrds inclnAal��iihin thc«nn 'ex�cnd�d cm•cmpc'nnd rny mhcr h�rards,fncluding
<br />� Iloods or floodinB,for�vhich I.ender rcqidrts Insurana.This insuranee shatl lw malnialnnl in Ihe ammmis nnd for the periods
<br /> �hat I.cndtr rtt�uin:s.Tho insunnca carder provlding the inxuran�ti shall h..choscn hy Ilnrmwcr sulQcet to [Andcr's nppmval
<br /> whlrh shall not bo anr.asonn6ty wi�hheld. It purrux�er falls io maimnln mremge descdlxvl nAm�e. I.enAcr may, ai t.ender's
<br /> op�lon,ob�ain m�•tt.gc m pmtcn Lcndcr's dgh�s in�hc Propcny In nnnrdnncc�vi�h paragmph 7.
<br /> All 6uumnco pnlicics nnd rcnmvals shall Ix nccep�ahle �n 4cndcr naA s�mll Inciude a a�midanf mnngage ciause. Lender
<br /> xhall hav0lhc dghl Io hold the pnlicies nnd renewals. If i.cnder rcquires,Rnrcmeer shall promplly gh•o m l.endcr nll reccipis o(
<br />� paid prcmiums and renewal natices.In�he errnl uf loss.13nrrnwer shall give prnmpl nntice in�he tmnrnnc�aurier a�Lender. -
<br /> Lender may mako proof of loss if no�made prompdy 6y ISorrox�er.
<br /> Unicss I.cnder nnd IIorrower othenvise agree in wri�Ing.IIISIIfeiKY�llt%YY'AS SI18II IIC Of1�lIIIXI!0 fCilOf01IO17 Of Rp.11f 0�IAO ___
<br /> Propehy damagcd,If tlio ru[on�ion or rrpatr is ceonomtcally tcasibic�nd Isndcr's sceudly Ix nn1 Ic.�scnal.Tf thc rcstoration or _,
<br /> rcpatr Is not cmnomically kasibte or E.er.dcr's sccud�y�vould be IcsuncJ, Uie insumnco procccds ihall be upplled lo ihc sums -
<br /> secured by this Security [nstrument, wE.etf:.r or not �hen duo, wl�h nny excess pald lo Dnrrowee If Rarruwcr ab:ndans �ho '
<br /> Propeny, or dces nat ansarr wiU�irt 30 days a natice from Lcuder U�ai We Insurance curde�has nffer�d to seltle a clalnL �hen --
<br /> 4cnder may milen tha insunrce proa.��ds. [.er.der may use the pmcer��s to n:pair or resmro d:c Propeny ur �o pay wma -
<br /> sewrad by this Secveiry lnsuumen4 whelh<r or r,at then due.Thc 30-0ay periexl wl II begln when Ihe nollnt is giren.
<br /> Unless Leader a:r3 purtoa•cr mhcneix agreu in writing, any aQplicaiion nf pnr.ceds to principal shall nol cxteaid nr
<br /> postpone the due d.r.t c(fhc au%ilily paynxnis rcfem*�i to in parogmphs I and 2 or chango thc amount of�hc paymcnis. If -
<br /> urAcr plmg�ph 21 ih:Prg�cr.p 6�e.cqulad by Lender,Borroucr's right to any insumnce pnlicics and pmcecds resuldng(rom -
<br /> damagc to thz Pro�rry�p:ix�r. !ne a:qulsi�tort shall pus to Lerdc�to iF.e exeent of�hc wms stturcJ by ihfc Sceurity Insirumcnt
<br /> tmmcdiatclyprioceoihcatqtiscion. - ___
<br /> 6.Occupancp.�`mServA73on,?11aiNena�ur nnd ProtceiSon o!the Prvpedy;35:iror.¢r's O.oan 1ppllcotion;Leauhoicls. .,,
<br /> 6ortou•er shall oxopy,estahtish,aral use�he Propehy as Uorrouer's principal rriidenct wi�hin six�y days aRer the ezecutlnn of _
<br /> �hix Scaudry laqrument ar.d st��A coNinue m occupy�he Properly as Oorra�cer's principal residence(or a� Ieas�one year a0er
<br /> �he dr<t of acupancy,unlea�Lendtr othenviu ogrees in wri�ing, which conunt shall not be unreasonably wi�hheld,or unless -
<br /> exlenua�ing circunutances exia� which are bcyond 6orrowcr's conlrol, Ilorrower shall not da�my, dnmage or impair �hc ,
<br /> Propuiy, allo�e dk Propeny to dc�erlora�e, or mmmh �vute on ihe Propcny. 6orrower shall be in defaull if any for(ei�ure "
<br /> action or procetding,whe�her civil or criminal, is begun�ha� in Lender's good fai�h judgment could rcsul� in forfei;ure of�he "
<br /> Proyxny or o�helW�ix nr,nerialty impair�he lien crcated by tl�i:Securiry Insuumem or Lender'x securi�y intercst.Uorro«�er may -
<br /> wre sn.h n dcfnutt nnd ruinc�a�e,az provtdtd In par�graph Q8.by causing�hc aclion or prattding to bc dismisxd�vith a ruling =
<br /> �hm,in Lend:i s gnal faith de�ermina�ion, precludes fntftimrc of the Oorro�rer's intercst In �he Propeny or o�her ma�erial =
<br /> Impainneut ni�b: tien crea��d by this Sn+xriu: inarumnv nr Icrdrr's x-curi�y intercsl. 6orcouer.[�all also be in defauit iF -
<br /> Oorrou�er.duiing the Inan applica�i�n proces.g:nc ma�eri�ily false or inaecunte infonna�inn nr sia!emcros to Lender(or failed -
<br /> �o pmvide Lender with an�•ma�crial Informa�inN In wnnenion wi�h�he loan evidenced by ihe Note.Including,but not Itmhed ==
<br /> lo,represemzilonc co^remin�:P,r.mwer's ottupancy of the Rnpenp as a princip�l rcsidenee. If thia Securiry(nsuunxm is on a _
<br /> Icaschold, Rnna�er shall comply wl�h all �hc provistons of thc leav�. 1f 6orw�rcr acquiret fec �iilc to �hc Propcny, �hc =
<br /> Ieaschold and iA:i�iitle shall no�merge unless Lendcr agrccs m tlre n.rre.r in wri�ing. -
<br /> 7.Pro�ect{on o!I.ender's Righls In Ihe Pra��erly.If Cotro�cer fails to perfonn t6e covcnams anJ agrecmems comained in -
<br /> �his Secutiiy Instrunxm, or U�ere is n Iegal pnxticding i6ac aa�� slgnificamly a((ec� Lender's righis in�he Propeny(such as a -
<br /> prucceding in Minkmptcy,proba�e, for mndcnma�ion ur fnriei;ure or in enforcc I:nrs or rcgulatinns). �hen l.cnder nNy do and
<br /> pay fur u�hx!^rer is necessary lo pro�ecl�ht valec of�le• Y<o,eny and LenJcr'x rights in the Pmpeny. Lender's naions m.ry
<br /> inclwl: yoying any swns secured 6y a lier ���hi.h hat p:iorily ocer 7his Seturity Ins�twnem, apVe:fring in coun, paying `
<br /> reasumible onomcys'fms anJ cmering un Iik Pro}tny to maAe repairs. AUhough I.endcr m�y�akc xaion under this paragraph -
<br /> 7,Lcnder docs nol ha�•c to do sn.
<br /> Any antounls dishurscd i+y� LCnJcr urder Ihic paragmph 7 shall b�toinc addiiinnal debi nf Onrrowcr s�tureJ 6y �hia
<br /> Sccumy Instrumem. Unless Qormwcr:�nd Lendcr agrm io mhcr�cnm o(paymcm, �hese amuums shall bcar intcrest Gom the _
<br /> date of disbursemem m ihe Note r�te mid sfcJl be payal+l.. wi�h imerc�, upm no�ice trnm LcnJcr m Uorm�rcr rcqucn�ire
<br /> paymenL ��-
<br /> S.11lotlgnge Luuntncc. If Lcndcr rcyuirN mongagc insurancc as c�conJi�ion ol making Ihc loan xtiurcJ 6y�6i5 Stturii>' -
<br /> fa+ca:men6 Dorrower shall pay �he preminms requimf m maintain�h. mongage inwrance in e(feci. IG fnr any nasmi, �he '��-
<br /> �n�.t a c imannce mecra c uimJ b�Len:kr la �n or:ra.c.tn h in cffa�. Ilnrro�ccr�hall a�thc rimium�r. uind m 1���
<br /> 'F & S �'9 > r� r�� P ' q
<br /> oMai�mveragr sti+�umially equivalem to ehr._:ongage in.unncr prcciuinly in elf.rl,al a m.1 wh.lanlially cqsiva!enl In Ihe
<br />. rnN In Qo�mxpr:.i ihr mnngage in.ur.uhr•px�inuaiy in rlGri. from an ahern:ne mm�.:me inwrer approrcd hy Iender. If
<br /> subsian�ially cqui.al:m mn:t?age inwr�n.e:neeragc ia n.q :nailab:c.IAi�raxcr>hall pay 1��I.enJrrca.h monlh a.um cyual in
<br /> onc-nvcl(lh ahhc crad� r,n-c.>:i_:inwrar,..prrmiwn F.•m:pafd hy @+rroxtr xhrn�hr fn.urau:r p��cragc lap.nl orcea�ed lo -
<br /> hc inc(fec�.Lcndcr nll::::cpi.u�r and reta:n�hcc pa�nxnh:. :�lo.. rc.rnc in L.0 ol monga¢c imuranrc. Lo�. rcxrcc ._..
<br /> fa�m 7020 9�90
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