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<br /> 97� �,a50'79
<br /> 5. Ha7ard or Property InSUrwnce. &�rruwer shall kccp thc impruvenxnts now rxisting ar herei�Rer crected on the
<br /> Propcny insured against losr by firc, ha�ards includcd within thc icrm "cxtc�xicci mvcragc" and uny uthcr huzards, including
<br /> fl�xxls or flcxxling, for which l.axtcr rcyuires insuranrc.This insurancc shall bc n�aintuincd in thc nmounts �uxl for thc periods
<br /> that l.cndcr n;quir�:..Thu inauran�:c carricr pruviding thc in,ur.uuc rhull lx: chus�n by [lurruw�r subjcct t��In:nd�r's:�ppruvul
<br /> which shall not be unresw,onably withheld. IP 8orrower fuils to n�aintuin coverage described above. I.ender may, ut L.eixler's
<br /> option,obtain coveragc to protcct I.e�xicr s rights in the Property in uccordnnce with pa��agraph 7.
<br /> All insumnce policies und renrwuls shall be acceptuble to L.ender and shall include a stunJurd mongage clause. L.ender
<br /> shull havc the right ra hold the polictec and re��wals.If Lender rcquires,Borrower shall pnmiptly givc to Lcndcr all reccipts of
<br /> paid preminms and renewul notices. In thc event of loss,8orrower shaq give prompt notice tu the insurance carrier and Lendcr.
<br /> Lendcr may make proof of loss if not made pramptly by Bt�rrower.
<br /> Unlcss Ltnder and BanAwcr othenvisc agree in writing,insurancc procceds shall be appliod ta restoration or repair of the
<br /> Property damaged,if the restoration or repair is ccononUra.11y fcasible und Lender's security is not lessened. If the restar.�tian or
<br /> repair is not economical{y faisible or Lender's security would be lessened.the Insurance proceeds shall be applied to the sums
<br /> secured by this Security Instrument, whether ar nat then due, with any exc�ss paid to Bonower. If Bonower abandons the
<br /> Property,or does not mswer within 30 days a notice from Ltnder that the i�surana carrier has offerod to settle a claim, then
<br /> Lender may rnllrxt the inwcance proceeds. L.endor may use the procads to repair or restare the Property or to pay sums
<br /> secured by this Socurity Instrument.whether or not then dde.The 30-day period will begin when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any apptication of proceeds to principal shall not cxtcnd or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 2l ttie Property is acquirad by l.ender.Burrower's right to any insurance policies and proceods rcsultin$from
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Saurity Instn►ment
<br /> irru^:xtliately priur to the acquisition.
<br /> 6.Oocupancy,Ynservatioo,Mainten�nce pnd t"mte�.�ttor�of the Property; Borrower's I.am Appllcattom;I.eas�lalds.
<br /> Borrower shall oocupy,establish,and use the Property as Bornower's principal rasidencf:within sixry days after the execution of
<br /> this Secarity Instrurtxnt and shall continue to occupy the Propeny as Borrower's principa! residenoe far at ltast one year after
<br /> the dAtc of occupmcy,unlacs Y.ender othenvise agrces in writing. which mnsent shall not be unreasonably withheld,or unless
<br /> eatenuateng circumstar�ces e�est which are beyond l3ortt�wer's control. tiorrower shall not destroy. damage or impair thc
<br /> �ropeny, allow the rroperty [o detenorate, or comm�t waste on the Property. Borrowcr shaU be in defa�s(t if any forfeituro
<br /> action or proceeding.whether civil or cRminal, is begun that in Lender's good faithjudgment oould rcsult in forfeituro of the
<br /> P�xrty or otherwise materially impair the lien created by this Security Insuumenc or Lender's socu�ity interest. Borrower may
<br />• cune such a defAUlt and reitutate,as provdded in paragraph 18,by causing the action or proceeding to be dismissod with u ntling
<br /> s that. in Lender's good faith determination, pt+ecludes forfeiture of the Borrower's interest in the Property or other material
<br />= f�aimxnt of the lien created by this Security Instrument or Lender's security intetest. Borrower shall also be in default if
<br /> �o7rower,du�ing tt�latn application process,gave materially false or inaccurate infomwtion or statements to I.end�r(or failed
<br />' to provide I,eoder with iny materiat infom�ation)in connection with th�loan evidenad by the Note,includina,but not limited
<br /> to, �+epc�esenationa concerning Borrower's occupancy of the Property es a prinaipal raidence.lf this Security Instrumrnt is on a
<br /> leaa�hold, Borrower shall comply with all th� provisions of thc lease. If Borrower aoquires fa title to the Propeny, the
<br />- leaseh�ld and the fx title stuli not mergc unless Lender agrces ro the merger in writing.
<br />- 7.Protection oi I,ender'a Rlghta in the Property.If Borrnwer fails to perform thE mvenants end agreements wnuaned ia
<br />" this Saurity Insuuax�u, or tt►cre is a legat proceoding that may signiticantly affxt Lender's rights in the Propeny (such as a
<br /> : procceding in bankn�ptcy, pmbate. for condemewtion or forfeiture or to enforcc lews or regulations),th�n L.ender may do and
<br /> ' pay for whatever is r�.ssuy to protoct dx value of the Property and L,ender's rights in t4e Property. L,�ndar's ections may
<br /> include paying any sums secured by a lien whlch h�s priority over this Securiry Instrument, appeari»g ia court, paying
<br /> reasonabte attomeys' fxs and entering on the Property to nuike rapairs. Although Lender may take actIon under ehis pangraph
<br /> '. 7',i,ender does oot have ro do so.
<br /> j Any amounts disbursed by Lender under this paregraph 7 shall ba�omc additionat dcbt of Borrower sccurod by this
<br /> 5ocurity [nstrument. Unloss Borrower and Lender agree to oth�T terms of payment,these amounra shull besr interest from the
<br /> date of disbursemenc �t the Note rate and shall be payable, with intcnst, upon naice from Lender to Borrower requesttng
<br /> payment.
<br /> ' 8.Mort�qe Insurance. If Lender required mortgage insurance as a rnndition of nnaking the loan secured by this Security
<br /> Insttument. Borrower shall pay thc prcmiums rcquircd to mainwin the mortgage insurance in effxt. If, for any reason, the
<br /> mortgage insurance coverage required by Lend�r lapses or etases to bc in cffect,Botrower shall pay thc premiums rcquirod to
<br /> obtain wverage substantially equivalent to the mortgage insurance previcwsly in effsxt, at a cost substantially equivalent to the
<br /> cast�to Borrower of thc mortgage insurancc previoualy in effect. from an alternate mortgage insurer approvcd by L.ender. If
<br /> substantially equivu(ent mortgagc insurance cnvcrage is not avuilabte,Aonower shall pay to Lender cach month a sum equal to
<br />. one-twelfth of ihe yestly mortgage insurat+�e prcmium being paid by Bc�rrower wl�en►he insurwr�ce mvet�ge lapsed or aased to
<br /> be in cffect.Lender wlll acapt,use and retain thesc payments as a loss rescrve in liat of mortgagc insurancc. Loss ceserve
<br /> . Form 3028 9180
<br /> P.o.sore
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