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<br /> 5. Hwird ar Property Insurancc, (3nrtnwer shalt kap the impmvements ►x�w exis�sin�r ar hercaRer orectai on tT�e
<br /> Propcny insurcd ugainst loss by firc, harnrcls includcd within the tecm 'extendcd covarage" arxl eny other hazArds, including
<br /> Oocxi�or ncKxfing, fiir which Lc�xicr rcquli�:s insurriuc.This inwr�ukc sl�ull lx:nuinwinul in thc�uixiunts a�u1 for tl►c perincls
<br /> that Lender roquires. The insur�nce carrier pmviding the insuranca stwll be chasen by 8orrower subject to l.ender's a�pmvel
<br /> which shall not be unreusonably withheld, If I3orrower fails to maintAin coverage describod above, Lender rrwy. at f.ende�'s
<br /> oA:.i.on,abtain cc►verage to pmtect Lender's rights in the 1'roperty in accordance with parngrnph 7.
<br /> A[I.i.m;ur�n�e �x►licies and renewals shall be ucceptable to Ler�der and shsU include n standard rnortgage clause. Lender
<br /> � sh.al.L have tFr.e r.'r.lrht to hold thc policics and rencwals. If I.cnder rcquires,Bnrmwcr shall promptly givc to Lender all rxeipte of
<br /> �a,id;�.:c;ni.ums?Ji�1:CC;I�u:;if;1.tAt,Tr,�S. In thc cvcnt af foss,Iiormwcr shall givc prompE notico to tU�e in.sur.:uxr c�rricr.as�d Lender.
<br /> • � ,�.rc•nJ�,r m,�r�.nakc pr�f.of I'.oss i.f n�:macEe pmmptly by Horrower.
<br /> . Unfe3s�vJ,�r.nnd F3orrower cx[�,er.wise;rKme in writing,insurance procv�£s stv�1L be appLi.exP.i.o etistoratirm.nc re�tir.of,cCx;
<br /> ' Property dan�.v�ed,if the restocatro�or r.rpai.r is eco�eornicalEy feasib[e a�.x,�F..enc�er s s�cnr�ty is r.not C�.sser�ed:.dE if.ee r;�,�,iri•tn'n�u;
<br /> repai�is iwt ecur�amically feasible or Lend�:Gs securi�r woul�be t�sser�, cl�i.usutxnoe procr�d:s sf�ali be a�l:iro�!'s�a the sums
<br /> secural by this Srcuriry Instnament, whettier ar nat't,fr,en.ciue, wi.ttn ang excess ryaid��o Borrower. If Bormw•�r.sib�ndons the
<br /> l��eperty,�r dcx�c noc answer within"s0 ilays a notice fro�rer: Y,encier te�c riac�i�u.r�.::i�rrier has offeroci to selUe a clxim, tl�en
<br /> . Lender may cAllect the iaaurance procoeds. l.�nder tnay use the procceds to re}�air or ratore the PropeRy or to pay s�uns
<br />: secu�od by this Sxutity Instnimer�c,whether ar n�t then due.Tt�e 30-day period will begin whei�ihc natice is given.
<br /> iJntess Lender sncl Bornawer otherwise ag�ce in writing, zny upplic�flon af proce-0ds ta principal shall .not extend ar
<br /> �pcastpone thc'duc date Af thc�monthly paynxnts refcmai to in pangraphs 1 and 2 ��r. change rhe :unount of z�c,payments. !i'
<br /> under pa�graph 21 the Property 1s acquind by L.ender,Borrower's rigbt ta any inseecr.in�e policies anc! procer�is nsulfi»,g from
<br /> damage to the Property prior to thc;+cyuiSition sha11 pass to Lender to the extent of the sums securod by this Scxurity Insttument
<br /> immodiately prior to the acquisition.
<br /> 6.Oocap�ncy,Pre�ervatioa,Maintec�unce and Protectbn of the 1'roperty;Ibrrower's Loun Appliatlon;I.eheboltU;.
<br /> Iiorn►wor shall occupy,euuablish,and usc the Propeny�s Horrowor's principal resid..npe within sixty dYyc afltu the eaecution'of�
<br /> thte 5xurity Instrument and shal!oontinue to occupy the Property us Bomower's principal rrsidence for st last one yar afta
<br /> tl�e d�te of occup�ncy,unless I.erKier othenvise agnes in writing. which conse�t�ha]► #�at be uqre�soiu�bly w�ithtreld,orµnli�e.
<br /> exiuKtuing ci�umstanoac eais[ which.�re ioeyond Botrower's oantroi;.i`somower si�ail no� destroy, dam�ge or im�ai� i�ie��,
<br /> Property, nllow the Pro�xMy to detcribr{+te, �r oommit waste on the�Propetty. Bomuwer sl�sly�be Sn default if any for!`eitur�c
<br /> ' action or prooer.ding, whCthzr civil oT erir�inal,is begun that in Lendtr'a•good fAltl�judgment;coqtd result in forfaWre of thG�' �
<br /> Fhxiperty or othenvise matcrinlly lmpair tMe lien created by chis Securiry Instrumctit or I.c►xkr's securiry iMe�+est.Borrower nu��
<br /> cpr l such a defeult and neinstute,as pmvidod in paragraph 18,by causing the�etlon or pr000ed[ng tu bp dismissad witb a ruling�
<br /> that, in Lender's gc�od fdth determinetiop, precludes forfeiture af the Borrower's inteoest in the Propa�ty or cxha m�tgr�sii �
<br /> impxltment of the lien creatod by this SGCUrity Instrument or Lender'x socurity intens�. 8orrower sltall�Also be in default 3�f�
<br /> &►mnwer,during the loan a�lic�tion prooess,gave m�terially falx or inxx.vnte infnrnuuinn or statcmcnt�to L,ender(or frilod
<br /> � .to•provide I.endu with any ms�terial infornution)in oo�u�ocxion with the la�n evider�ped 6y the Note.including,but.not limitad
<br /> i4,r�trsent�tions oor�cerning'&►rrower's occupancy af the Property as a principal rosidenoe: If this Socudty;lnAtrurjiait is rM a
<br /> IeasehoW. &�trawer shall oumply With �I) the provlsi�ns of the leas-. If Borrower apqui�s fce tide to ttic�'Propaty. d�a
<br /> le�sehold and t�e;fa tide shall nntt mtrgc.unlcsss[.cr�der agroes to thc merger in writing. ' •�. :��:
<br />_ 'f.Pnbfe�tia�n�'ot T,a�de;'�Rkbts li�,tl��.PropertY:If Bormwer�iils td perforn�dte cavuiat(ts ar�d s�gt�KS oomained 13u '
<br /> ¢hig Security ItiStrument, pr ik�ere is a legql proceedtng tlut•miy sigpi93cpntly s�f!'oct Letdu's righrs in tha Prnperty(wch as a'
<br />— pro.�eedi�id biinkNpt�y;pro'butt�. for oc�ndemnxtion ur fortoituro�tlr xa'cnforoe I�ws or re�ulatlons},tlkn L,ader m�y do smd "'�
<br /> _ paY for whuttver i�''n'ooC's,s{try�iJ protoct:thc value of the Fmpetty:�nnd I',ender's rights in the Pt'�Raty. Lendec'a sCtioro mry•
<br /> include jxying_�Emy sumt aecured by a licn.which ha.v prlority 6vc� this Security Insuuaknt,•appearing in oourt, pay�.ng
<br /> neasoi�able Otron�eys'fees and.e,�tering oti tho i'roperty to make reprirs.Although L�xirr miy tekG�ction under thia panignph
<br /> 7,I,ender doea not t►ave to du so; • .
<br /> '• Any amounts disiwrded'by L.ender�uncier this pai�raph 7 Rhall bx«ne sdditlorol debt of Eorn►wqr sceurod by dW
<br /> Security Ir�spvmrnt. Unlas Hotrower�t�cl Lender agree to other te:�tu of paymaa, dxse�unaunts shall beat inte't�at fran•ttie
<br />:�1 dat�af disbu�nent u the Note rate znA s�l! be payable,with intenst, upon naia from l.cnder W Homiwtr royu�sttng
<br /> �y�►t.
<br />-, S•Mort�t lnwr�noe. If Lender requircd mortg�e insuranoe as a oondition of making the!wn secural by.this Security
<br />�. Imtnunent. 8orrower sh�ll pay the prcmiums tequirod to m�intain thc mortgsgc inwnna in effoct. If, for�ny rason, the
<br /> = mortgage insurnnoe ooverage nquirod by Leockr lapses or oases to be in effoct.�orrower sftail pay the premiwm roquiro�,r�n ' '
<br />:�;� obtain coverage subsuuKiilly equivalent to the mortgage insuruace�rr��vlously in effsct,at a rnst substanddly equivalent on,�i�e
<br /> � oost to Bomower of the mo�tgage insur�mce �c�wiounfy �n effat from an alternnte mong� inw�xer approvod by I.er�der. lf
<br /> substuuiWly oquivelent rmrtgaga inwrau�a:cava-.rg�is,�a�x avuLable, Horrower sba[I pay to�xiie�r each n��r,rh.a xum a�ual W
<br />�,� oue-twelfth uf tfie yeady inort�age insura+re�eriu.rr.e f���s�g P�id by Ebrrower wirea�.�hr ecanramct rov�erag�fa�xr�dd or oaned to
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<br /> be ia ef�'oct.l,rnder wiil ac,cc�•.uvr a►wi;r,rfain[fi�e�e paryrmeots as a loss rcs�rve in foeu nf mrmg�g�e ins�u�nce. C.o�ss ec�anre
<br /> FeKnr 3� �'��'E
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