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<br /> 5. Hnzurd ar Nrnperh• Intiuruncc. f3�,riowcr ,hall kcrp thr impru�•cmcnt. nu�v cxiti � ��i hrreat'trr �rcrtcd un thr
<br /> Pr�iprrty inwrcd a�uin,t lu,. by t'irc, hainrdt includc�l within Ihc tcun"cxt�ndcd ruvcra�c" and .uiy nihrr h;v.u•d�. incluJing
<br /> Ili,nd�ur Ili�udin�. tin•��•hi�h Lcn�l�r rryuires in,ur:�nrr. Thiy in,ur.uirt,hall nr maintuinrd in thr anu�uniti and fnr thc prriudti
<br /> thut I.�ndcr rcyuirc,. "fh� iutiurancc rurrirr providing thc intiuruncc ,hall hc rh�ncn hy Einrruacr •.uh�rct i�� Lrndcr'ti appruvul
<br /> ,•*•;'.'"� ���hich sh.dl not hc unrcasunahly� withhrld. lf F3urrs�wcr fails tu nu�inlain covcra�r Jr,rrihrJ uhorc. Lrndcr nwy. at l.cndcr'�
<br /> opti��n,ubtain cuveragc tc� prutai Lcndcr',riglus in thc Pruperty in ucrnrJunrc with puraEruph 7.
<br /> ,.� All insurunce pnliries arid renewul+ +hull hc acrcptable to Lender und shull inrluJr u standard martgugc rlautie. Ixnder
<br /> , tihull havc the right tu hold the pul icies anJ rcncwals. If f..entier requires, Barrc�wcr shull prumptly�:iv�tu L�:ndcr all rcreiptti uf
<br /> � • puid premiums and rencwal noticcs.In the event of loss. Evrtv++er si��J]�:i�•e p.rc�h�pt nutire ta the insuruncc rurricr rn�l l.endcr.
<br /> ' C.endcr may makc proof of loss if not mndc prcimpdy by F3nrr��+er.
<br /> ��t� Unless LenJer and Bc�rr�wer otherwise agru in weiti��g.iR:��.r�r_cx{��ocecds�rx;�l be upplied to retitoratiiin ur repair c�f the
<br /> • Propeny Jam:►gcJ, if thc rc�tora�ion or rcpair is cconornir�lfy fcasible und Lender's�srity is not lessened. If thc rcxtoration or
<br /> ;;;: repair is noc economically fe:►sible or I_ender's �ecuriry v�qu°d be Iessened,the ins�r�nce proceeds shall be upplied to the sums
<br /> • secured by this Security Inxtrument, whether or�:ot then due, with any excess paid to Borrower. Tf Borrower abandons the
<br /> � ' Property, or do�s not answer within 30 days a notice from I..ender tha�the insurance carcier hxs offered to setde a cluim, thcn
<br /> . ' �y 1.ender mey col)ect the insurance proceeds. [.ender ��rs:? !�se the prcxeeds to repair or restore [he Property or to pay sums
<br /> secured by this Security Instrument,whether or not then cae. The 30-day period wi:l begin when the notice is given.
<br /> ''�� Unless C.ender and Horrower othenvise agree in writing, any application of proceeds to principal shall not extend or
<br /> `•'•'�,��� `,�,:.� postpone the due dutc of the monthly payments rcferred to in paragrzphs 1 and 2 or change the amount of th�payments. If
<br /> ,�� •:''',},'i:;'�:?!�' under paragraph 21 the Property is acyuired by lxnder, Borrower's r.igFt eo any insurance policies and praceeds resulting from
<br /> J,� t� damage to the Proper�y prior Eo the ucyuisition shall pass to Lender to the extent of the sums secured by this Securiry Instrument
<br /> '� immediatcly prior ta thc acquisition.
<br /> -;��.�,j� .� 6.Occupancy. Preservatton, htaintenance und ProtecNon of the Property; Borrower's I.oan Application;Leaseholds.
<br /> 4..�•,..; .,,f
<br /> Borrower shull occupy,establish,and use the Property us Horrower's principal residence within sixty duys after the exeeution of
<br /> • this Security Jnstrument and shall continue ta occupy the Property ati Borrower's principul residence for at least one year after
<br />-;,.•.•: - v�� .
<br /> <�;� ..����'•' the date of nccupancy,unless Lender otherwise agrees in writing, whicli consent shall not be unre�sonably withheld, or unless
<br /> s�,;
<br /> '�:.<.:'�_��� extenuatine circumstances exist whi�h are bevond Bormwer's control. Borrower shall not destroy, damARe or impair the
<br /> =�"��{°'�'•1 Propeny, allow the Property to deteriorate, or commit wuste on the Propeny. Borrower shall be in defuult if any forfeiture
<br /> _;r._,,...:,,�3.
<br /> ;;:.Y:<<.,•��:. .,' action or prcxeeding, whether civil or criminal, is begun that in Lender's guaci faith judgment could result in forfeiture of the
<br /> .�='�����.�(�"° Property or otherwise materially impair the licn created by this Security Instrument or Lender's security interest. Borrower may
<br /> =s°�'�'��^�� cure such u default and reinstatc,as provided in purugraph 1S,by causing the uction or proceeding to be dismissed with a ruling
<br />_�;�_r�v�� that, in Lender's good faaah determination, precludes forfeiturc of the 9orrower's interest in the Property or other material
<br />-==;K� impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> —��_}� Borrower,during the loan upplication process,gave maceria�ly fulse or inaccurate informution or statements to I.ender (or failed
<br /> �,�,�,R� to provide l.ender with uny material informution)in connection with the loan evidenced by the Nate,including, but not limited
<br /> -- _—___— to, representations concerning Borrower's occupuncy of tha Property as a principul residence. If this Securiry Instrument is on a
<br /> —'-�-""= le�tsehold, Borrower shall cornply with a!I the provisions of the lease. !f Bormwer acquires fee tide to the Property, the
<br /> ��'�"r=�`O_° leasehold and the fee title shall not merge unless Lendcr agrces to the rncrscr in writing.
<br /> _ �-� 7.Proteetion of I.ender's Rights in the Property. If Boirower fails ta perform the covenants and agreements contained in
<br /> ���� this Securiry Instrument, or there is a legal proceeding that may significantly affect I.ender's rights in the Propeny (such as a
<br /> --->�;;� proceeding in bankcuptcy. probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> ---— pay for whatever is necessary io protect the value of the Property and Lender's rights in the Ptoperty. Lender's actions may -
<br /> _•� include paying any sums secured by a lien which has priority over this 5ecuciry Instrument, appearing in court, paying '
<br /> °` reasonablc attorneys'fees and entering on the Property to make repairx.Although I.ender may take action under this paragraph _
<br /> �Y�j� 7.Lender does not have to do so.
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<br /> - ---`�„� Any aniounts disbursed by Lender under this paragrapli 7 shall become additional debt of Borrower secured by this
<br /> -- — Security Instrument. Unless Borrower and Lender agree to other terms of payment,these a�nounts shall bear interest from the =.
<br /> :.s�.�� datc of disbursement at t4ze Note ratc and shall be payable, with intcrest, upon notice from Lender to Borrower requesting _
<br />__—--= puyment.
<br /> ...,,�Z�� , 8. Mortgege Insurance. If L.ender�equired mortgage insurance as a condition of making the loan sr.cured by this Security
<br /> -=`�Y�i��'��' Instrument, Borrower shall pay the premiums requireci to maintuin the niortgage insur,ince in effect. If, for any reason, the
<br /> '�`�.r�'�f`;'.:t+;;' ;
<br /> :�:,.�y��,<i mortgage insurance coverage mquimd by Lender lapses or ceases to be in effect, Borcower shnll pay the premiurns required to
<br /> "';� obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantiaUy equivalent to the
<br /> �"' '� +F�`�' cost to Borrower of the mortgage insurance previously in effect, from un alternate murtgage insurer approved by I.xnder. If
<br /> r� 't���j? suhstantiall e urvalent mort a c insurance covera*c is not avuilable. Borrr�wcr shall a to Lender each month a sum ual to
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<br /> - ��� "�'l•'�� one-twelRh of the earl mort a e insucancc rcmium bcin a�d b Hnrrowcr whcn thc insurancc covcra c la ticd ur ccased to
<br /> �+'� � � Y ' Y S E P S P � Y 8 P�
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<br /> � , '�;�;�� ! be in effect. Lender will accept,use and retain these payments as a lu�s reservc in lieu of mortguge insurance. Lass reserve
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<br /> ;',;, Form 3028 9190
<br /> . Pngo 3 of 8
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