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<br /> 5. Hezard ur !'roperty lnsur�nr�. Burrowcr shull kecp tl�c lmprovements now cxisiinb ��cnaf�EcGcrcctcd � the
<br /> Nroperty insurcd ugni►►st loss hy firc, har.�rds includcd within thc tcrm "cxtctxled covcragc" und uny othcr ha7nrds, including
<br /> flixxis ar flaxling, fi�r wl�ich I.ci�dcr rcquirc.r in,urancr.. Tbis insurancc :�ha10 Ac maiutaincd in thN.�mounts:and F'or►hc pericxis
<br /> ihut t.ender rcquires. 1'he in�nr.mcc rarricr providin�the insurancc shall be chosen by Norr�►wcr subjcct to Lcnder's appraval
<br /> which :�hall npt he unre:►>:ona6ly �a'id�held. If Rorrii+ver fnils tu m+.iint�in ciivern�*e described alwve. Lender may,ut Lender's
<br /> option,ubtuin coverage to pr��tect Ler�ler's rights in the Property in accordance with parugr,iph 7.
<br /> All insurancs policies aixl rencwals shall be ucceptnbte to Len�ier a�xi sh�ll include a standard �nortgage clause. Lender
<br /> shall huvc the right to hold the policics und renewals.It Lender�cyuires.Borrawer shall promptly give to l.er�dcr all receipts of
<br /> pufd preminms ur►ci renewal notices. In the ovent of lo5s. Harrawer shnll give prompt notice to the insura�xe carrier and I.ender.
<br /> l..cndcr muy makc proof of lass if not nmde promptly by i3orrower.
<br /> Unless I.ender nnd Borrawer otlierwis�ngrce in writing, insurnnce proceeds shall be applied to restaration or�epair af the
<br /> Propcny damaged,if thc restoration or repair is xonomic�lly feASiblc and Lender's seeurity is not Icssened.If the restoratlon or
<br /> repuir is not economicuUy feasible or I.ender's securiry would be Iessened,che insurance proceeds shaJl be a.pplied ro the sums
<br /> secured by t)iir, Security Instmment, wlicthcr or not titen duc, with any excess paid to B�nrrower, If Borrow•er abandons the
<br /> Property. ��r daes nut�nswer within 30 days a noticc fram l.ender that the insur.�nce carrier has offered to settle a cluim, then
<br /> I.ender may collect the insuraiue procceds. L.ender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Stxurity Instnu►tent,whether or not then duc. The 30-day periad will begin when the notice is given.
<br /> Unlos9 I.ender and Borrower otherwise agree iu wrieing, any agplication af proceeds to prin�ipal s�_9 not extend or
<br /> postpo�tc tha duc dnte of the monthly payments refened to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> undcr pArn�rnph 21 the Property ls acquired by Lcnder, Bormwer's r+�ht to any insurance policies and proceeds resultiz�e from
<br /> damage to tha Property prior to the acquisition s6a11 pass to I.,ender to tYie extent af the sums secured by this Security Instr,:aient
<br /> immcdiatoly priur to the ncqui�ition.
<br /> 6.Occup�ncy,Preseivadon,iNaintenance and Protectfon of the Propeny;Borrower's I.oan Appliciatlon;Leascholds.
<br /> Bartower shnll occupy,cstnblish,uttd use the Praperty as Borrower's principal msidence within sixty days efter the execution of
<br /> this Security Instruuient nnd sball continue to occupy the Property as Bortower's principal residence for et least �ne year after
<br /> the dato of accupancy,unless Lender otherwise agrers in writing, which consent shall not be unreasonably withheld, �r unless
<br /> extenuating circumstences exist which ure beyond Burrower's control. Borrower shall not destroy, damage or impair the
<br /> Property. allow tl�a Ymperty ro detedorate, or wmmit wuste on the Properry. Borrower shall be in defautt if any forfeitun
<br /> oction or pmaecling,wheti�c�����i�,e.-;��,i��.iS uc'bTiliS i�:1t 3ii I..."r��T S c���15�!s22�oSZltII�r��lr1 �rcult in ft�rfeiture nf the
<br /> Propcny or rnrf�erwise matcrially impair the licn created by this Secu�ity Instrument or Lender's security interest. Dormv��er m�y
<br /> cure sucli a d.•�'uult end reinstatc.us provided i�i paregraph 16,by c��vsing the action or proceeding to be dismissed with a a�ling
<br /> that, in Lender's good f�ith determination, procludes forfr.itute�f thc Borrewer's interest in the Property or other materi�l
<br /> impainneut of the licn eneate� by thfs Security Instniment or Lander's security interest. Florrawer shall aiso be in default if
<br /> Borruwer.during the lonn application process, gave n�aterially false or inaccurate information or stztements t n l.ender(or failed
<br /> to provida I.ender with any material infarn�atton)in cannection with the loan evidenced by the I�lote, including,but not limited
<br /> to. repmsettRatinns conceming Bonower's occupancy oi die Property as a principal residence.If l:his Security In�tniment is on a
<br /> leesehpld. Dorrower shall comply wid► all d�e provisio»a of the lea.SC, If Borrower acquices 2'a tide to the FropeRy. the
<br /> � leasel�old and the fee titla shall nat merge unless Lender a�rc:es to the merger in writing.
<br /> 7.Pcntection of I.ender's Rlghts fn the Property.If Borrower fails to perform the covenants and agrc�ments cor�tained in
<br /> this Socatity tnstiument, or there is a legal pr000eding dmt may significantly affect Lender's rights in the Property(such as�
<br /> procaxlie�g an bankruptcy,probatc, for condemnatlon or forfeitt�re�.r to cnforce Iaws or regulations). then Lender may do and
<br /> Qay fpr whauver is necessary to protoct the value af d�e Property and LendePs rights in ehe�roperty.Lei�der's actions may
<br /> include paying any sums socurod by a licn whiLh l�as priority over this Secwiry Instevment. appearing in court. paying
<br /> n�sonable attorneys'fces and cntcring on the Pmperty to mako repairs. Althoug6 Ltnder n�ay taice action under this paragraph
<br /> 7, Lcnder das not have w do so.
<br /> Any amounts �iisbursed by Lendcr under this puragraph 7 shal! become additional debt of Borrower securod by this
<br /> Sec�rity Inst►ument. Unlcss F3orrowcr and Lender agroe to other terms of pay�ent.these mnounu shall bear interest from the
<br /> dxtc of disbursement at the Notc rau and shall bc payuble, with interest. upvn notice from Lend�r to Borrower requesting
<br /> ; payment.
<br /> S.Mortgage Insur�nce.If Lender required mortgagc insurance as a ccindition of makia$the loan saurod by this Security
<br /> Instrument, Borrower slull pay the premiums required to maint�u�n the mortgage insuranoe an effeci. if, for any reasac�:, the
<br /> cnnRgage Insurance coverago roquirnd by l.ender lapses or ceases to be in eNect.Bqmower shnll pay the prcmiums rcquir.:e+�to
<br /> obtain coverage substanti�lly equivalent to tho martgage insurance previously in effect.at a cost substantial ly equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from an ahernate mortgage insurer appravod by Lender. If
<br /> subslantially equivalent mortgage insurance oovernge is not avaiiable, Barcower shall pay tv l.ender each month a sum cqnal to
<br /> one-twelRh of the yearly mortgage insurance premium bcing paid by Borrower when the insurslnce covcrage lapsed or a�sed to
<br /> , be in cf'fcxt.I.,ender will accept.use and ntain these payments as a loss reserve in lieu of mortgage insurance. Loss ►�serve
<br /> ' Form 3028 9180
<br /> P.q.3oie
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