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<br /> 5. N�zard or Properiy Ii�hu:�nca. F3camw!r shnll k�ep the impmv�mr.nt� now exi�ting on c�rcaftcr errctod on tha _
<br /> Praperty in�urerl agnimt IaSS by flre, har.nr+dF incli�ded withtn the term"extencled coverage" and any otl►cr herarcis, incNding
<br /> floods or flcxxting,far which l.endcr requires insuranx. Thir: insuruncc fihall hc muintafned in the um��unts und f�sr ihe {xric�de
<br /> �..�� �.. .s. .._ �... w....�..u�e►cnM��rl (t1 �.tOlj<f�6 ilppl'UVG�
<br /> that l.,endcr reyuircs. Thc insurancc carrlcr providittg tnc innanun�c���a�� �M1�u��+��� �'! �""•`•""• ' -
<br /> wMeh Hhrll iwt tx unreaumably withheid. lf Barrower falls tn maintain cuvcr��ge �4escrll►ed atxive. I.ender nuy, ot i�ncicr'e _
<br /> optian.obwin caverage ta pratect l.ender's righte in the Property in accorduix:�with parugruph 7.
<br /> All insurwncc poficies and renewals shall tx urctpta�lo te� l.cixier u�xl FhuU includc�� ctu�xinrd nu►ngu�c cl�uusc. l�nder
<br /> xhall have the right ta fwid thc policies p��d rtnewelx.IP l.,endar rcqufres,Barrowcr shull prnmpdy give tu l�e�Klcr ul1 rc�clptx of
<br /> paid pnmiuu�.g and renewal�wtices.In the cvent of luss, Porre�wer shitll�ive prompt notice to the in�urnnce currier and I�ci�er.
<br /> Lender may nwice proof af loss if�wt rnade prampdy by A�onowcr.
<br /> Unless I.r.nder and Barrowcr othcrwise agree in writing. insurance procceds shall bc applicd to restor+dion or repuir of tho
<br /> Praperty dumsged�if the restatation or rcpair is aonomically feusible and Lender's security is nnt lessen�l.!f the �cstaralk►n or
<br /> repair is not economicnlly feasiblc or Lender's secudry would be Icsscncd.the insurnnce pracecds shull bc appllod ta tho sums
<br /> secured by this Security Instrument, whcther or not then due,wlth ony cxcess paid to Borrowcr. If Barrowcr ubandons the
<br /> property,or does not answsr�vishin 30 dnys a notice from i..ende�that the insurance carrier has offerecl ta settle a claim,then
<br /> L.et�der ma►y oollect the insucance proceals. Lender may us�c:ti�proce�s ta repaer uf restore the Propercy or to puy sums
<br /> secured Dy this.'".�.c.nnr.ity Instrument.whether or not then due. The 30-day Iperiod wiC➢begin when tt►e�►otice is given.
<br />- Unless l��rtcts�r tuid Bor�rower otherwise agree in writing, any a�,�iicu2non a�t procceds to priincipa0 sl.hall mot exte� or
<br />°` • pc,stpone the dao�c4�4e of the monthly paymenu referred to in paragQap9ati 1 and� or change the amaunt of the pa�;rnenls.If
<br /> under puagraph 21 the Froperty is aoyuircd by Lender. Bonnwer's righ3 to any insurance policies and proceeds Resu�ting from
<br /> damuge to the Property priag rt.n a9ne acquisiticrn shall pass to Lender to th�¢xtent af tEie s��ms secured by this Security Insuument
<br /> tmmediately prior to the ac�w6si¢a�n•
<br /> 6.OccupRrtnry.Arsen!s�tBwn,rtainterasi�nze xnd P�+otection ot the��roperty;Barrotiver's Loxn Applicatio�e;I.easeho�lds.
<br /> &>srqwer shali z��cuQy,eata�n4'ss'h,aad use the�roperry ns Ba�srower's principal resicl�i�oe within sixty days after the axecution of
<br /> . tg:�s'Sec+�riry instr►�txnt an�t s�a11 c:ontinue to oceupy z�aE s�r��perty as Borrower's�r.ie�:;^al residenee for at least m�e yar after
<br /> tfle ilatc of occupancy,unleas�.snder otherwise agras nn w�riang.which consent shala noi I�u�ueusonably t�itt:rw•:'.:, or unlecy _
<br /> extenuedng ci�riumstnnces oxist which are bayond Aono�ver's control. Bor�ower SIIAJl S101 dfSLi�P�. dam�,re ,r in�ir the
<br /> _ propert�r, alla�ati• the Property to deteriorate, or cammit waste on the Pruperry. Borrawer shall be in default if uny forfciture
<br /> _ , �rioil or prooeeclir►g.whether civil or criminul,is bogun that in Lender's good faith judgment wuld result in f�rfai�un of tke
<br />— 'T'a�yerty or ptherwtse materially impatr the lien crcr+ted by this Securiry Instcumem ar Lender's security tnterest. Sorir:awRr en8y
<br /> cure such a default and reinstute.as provided in paragruph 18,by causing the acdon ar procading co be dismisseci n iZ�+e c�Wki�
<br /> - that. in L.ende�'s good faith deurminadon, precludes forFeiture of the Borrower'4 intarest in the Property or cahes m�'�t�eriui
<br />:.-: Impaim�e�nt ou ahe tien creatai by ti��is���ri�y Inxirurnent or I.snslfr's ceou�ity inturest. Borrower shall also be in defau�t i�' • ,
<br /> -� Borrawer.during qhe laan apptication process.gave m�tedaIly False or instccurate infom�ution or statements ta Lender(or�failedl
<br /> to provide Lender with an�material informatioa)in connection with ihe loan evidenced by the Nota.Including, but not lii�riitei� ,
<br /> co�representations concerning 1Borrower's occupancy of the �Properry as a pr[ncipal residencc.If this Socudty Instrument ls on a
<br /> - teasetwld. Borrowcr shall comply with ull thc proviFions of the lease. If Bomowcr acquires fec title to the�Yruperty. the
<br /> �easehold and the fee t[tle shall nat merge unless Lender a f��er fa ls to perform the covenants and agreaments conuined in
<br /> 7,p'rotecdnn of L.ender's Rtghts(n the 1'ropetty.
<br /> this Socurity Instnunent. or thera is a legal procceding thxt may significandy affect Lender's rights in the Propecty (wch u s�
<br /> pnocading in bankrupccy.pmbate. for condemnation or forfeiture or to enfone laws or ngulations),then I.ender may do�nd
<br /> �y fa wtutever is necxssary to prococc the value of the Pcopetty and I.ender's rights in the Property Lender's sctiqns tnsy
<br /> �nc��de payfng any sums securod by a (ien which ha5 priority over this Security lnstrument. appearing in oou�t,puyin8
<br /> rasc�mble Attomeys'fees and enudng on tho Property to rnakc repairs• Although Lender may teke sction under this puagnph
<br /> 7.Lender does not have to do so.
<br /> Any �cnounts dlsbt►rse� bY Le�da under this paragr.�ph 7 shal[ become additional dcbt of Borrower saured by this
<br /> Secudry Instrument.Unless 0orcower and Lender agree to other terms of payment, ►hese amounts shali bear interest from Ihe
<br /> datC of disbutsement at the Note rate and shall !x paye[nle,with interest. upon notice from Lender to Bomoweir requeatin8
<br /> �y�t.
<br /> g,Mortga��n Inaurstnet.If I.,�nder c+equircd mortgage insurance os u comlitfon of malcing the loan socured by tttiie Scca►rity
<br /> I����� ��W� ��Q�,y � p���s[ey�ired�o maintain the mortgage insuranoe in effoct. If. for any r�asor�,tlac
<br /> r�naAa�ge insurance mverage roquired by Lender lapses or ceases to be in effect, Bcirrower shall p�y the premiums riquirod t4
<br /> o6tain co�xrage substantislly oquivalcnt to the mortgage insurunce proviously in efiect,at a co i��S��F�ved byalen�u ;t
<br /> cost to Homo�wer of the monBage insurarwcs previously irs effect, from an altomate mortge6
<br /> subsuntial{y equivalent morigage insumnce coverege is not available.���A�E7 S'�1AtI()SY t0 I�tatlE[�SCI1 ICWI►tll Q SW11 OC]UAI zo
<br /> '�one-twelith of the ya�'y r.�acxngage insuranoe prem3um being paid by 8aac:�+rr.•,er•s�.:4�i.'n'�he insueanet covecage lapsod or oea.sed to
<br /> .�hr inef�'ect. Lender wiJ6 ar�cFM.use and retain these�n>•ments as a loss �xir���r. 4icu of mortgage irrsccr�.�e. Lou reserve
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