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<br /> 5. Haxurd ar Pr�{xrty InsuralR��. B�irmwcr shull kcep thc impr��vementc, i1l�existin�`'n c�renftcr crcctcd on thc
<br /> Property insurcd �iguinst lotis by firc, hnrurds includul within the term "extendcd roveruge" und uny othcr huuirds, including
<br /> � flaxls nr iloaiing, for which Lendcr requires insuruncc. This insurancc shull bc muintuineci in the umounts und far thc pericxls
<br /> thut I�ndcr rcyuires. Thc insururnc curricr pmviding thc in�uruncc shull hc chosen hy Nc�rrc�wcr suhjcrt tn l.cndcr'ti approvul
<br /> � which shull not hc unreasunably withhcld. If Dorrc�wer fuils to muintuin covcruge describcd t�bcrvc, l.e;ndcr may, at l.ender's
<br /> option,i�btuin coverage to protect l.enJer's rights in the Propeny in uccordunce with purugraph 7.
<br /> All insurunce policics and renewals shull he ucceptuble to L.endc�und shull include a standurd mortguge cluuse. Lender
<br /> • shall huvc thc right to hold thc policies and renewals. If l.endcr requires,Borrowcr shatl promptly givc to Lendcr all receipts of
<br /> paiJ prcmiums and renewul notices. In thc event of loss, Borrowcr shaU give prompt noticc ta thc insurance curricr und Lendcr.
<br /> � . Lender may muke proof of loss if not made pramptly by Borrower.
<br />- Unless I..ender and Borrower othenvise ugree in writing, insurance procceds shall be applied to restoration or rcpair of the
<br /> , ' Property damaged, if the restoratian or repair is economically fcasible and Lender's security is not lessened. If the restorution or
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums
<br /> secured by thi, Security Instrumcnt, whether or not then due, with any excess paid to Bonower. If Borrowcr abandons the
<br /> Pfopeny, or does not ans�ver within 30 days a notice from Lender[hat the insurance carrier has offered to settle a claim, then
<br /> I.ender may collect the insurnnce proceeds. Lender may use the proceeds to repAir or restore the Property or to pay sums
<br /> ' •� • secured by this Security Tnstniment, whether�r not then due. The 30-day period will begin when the notice is eiven.
<br /> ���4'.;'� �' Unless Lender and Borrawcr othcnvisc agree in writing, any application of proceecls to principal shstU not extend or
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<br /> •:,';:-��;i pustpc�ne the due datc of the mamhly payments referred to in paragraphs I and 2 or change the amount of the payments. lf
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<br /> %,�4:,�.r�•, under paru�raph 21 the Property is acquired by Lender, Borrower's right to uny insurance policies and proceeds resulting from �
<br />�;;"•,.!:�`�"�: �•,; damage to the Property prior to the acquisition shall pass to L.ender ta the extent of the sums secured by this Securiry Instrument
<br /> ' � immediatcly prior to the acquisition,
<br /> ' 6. Occupancy,Preservation,Maintenance and Protection of the Property;Borrower's Loan Appl(cation;I,easeholds.
<br />� ' Borrower shall occupy,establish,and usc thc Property as Borrowcr's principal residencc within sixty duys after the execution of
<br /> �'� . this Security Instrument and shull continue to occupy the Property as Horrciwer's principal residence for at least one year ufter
<br />'"''7'�` thc dute of occu anc unless Lender otherwise a rccs in writin whinc�onsent shull not be unrcusonubl withheld,or unless
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<br /> � "° extenuating circumstunces exist which ure bey�nd Borrower's contral. Borrower shall not destroy, dumuge or impuir the
<br />'�.�_:+:��: _ Property, allnw thc Property to dctcrioratc, or commit wustc on thc Proneny. Borrowcr shidl bc in defuult if uny forfciwrc
<br />-'���`r'"{' uction or procecding, whether civil or criminnl, i� begun thut in Lender's gocxi faith judgment could result in forfeiture of thc
<br />�� � ��ri
<br /> - _a,'.t.•. Property��r otherwisc matcri.illy imptiir the lien creatcd by this Sccurity Instrument or Lendcr's sccurity interest. 6orrowcr may
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<br />-';:�;•,;�, cure such u default und reinstute,u�pruvided in purugruph IS,by causing the uction ar proceeJing to be dismissed with u ruling
<br /> �'.�_��' � thut, in Ix�xler's gcxxl fuith Jetenninution, prccludcs forfeiture of thc Borrower's interest in thc Property or other material
<br />=:,'�°^'�-�„�� impairment of thc licn created by this Security instrument nr Lsnder's security interest. Borrower shull also be in default if
<br /> - ° Borrc�wer, during the loan applicution process,gave materially false or inaccurate inforniution or stutements to Lender(or falled
<br />__.,�,�;,b�,� to provide L.ender with any material information)in connection with the loan evidenced by the Note,including,but not limited
<br />�.=;�:,:Y� to,representutions concerning Barrower's occupancy of the Property as a principal residence. If this Security Instcument is on n
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<br /> �s:�.-�.'� leasehold, Borrower shaU comply with all the provisions of the lease. If Borrower acquires fee title to the Property, the
<br />-=`-;"�'r�,;�� leasehold und the fee tide shall not merge unless Lender agrees to the merger in writing.
<br />�`��'�"��t� 7.Protection of Lender's Rights in the Property. If Borrower fails to perfonn the covenants and agreements contained in
<br />�,�.�,.R--� , this Security Instrument, or there is a legal proceeding that may si�nificandy affect Lender's rights in the Property (such as a
<br /> .-�;��� proceeding in bankrnptcy,probate, for condemnation or forfeiture or to enforce la�vs or regulations), then Lender may do and
<br />---_=-��� pay for whatever is necessary to protect the value of the Property and I.endcr's rights in the Properry. Lender's actions may
<br /> ��'!MQ1:.,
<br />--�"i�' include paying any sums secured by a lien which has priority over this Security lnstrument, appearing in court, paying
<br /> !;�;�;� reasonable uttorneys' fees and entering on the Pmpeny to make repairs. Although Lender may take action under this paragraph
<br />-----`�'� 7,Lender does not have to do so.
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<br /> ��;, Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />--=��t�j:�l[ Security Instrument. Unless Bonower and Lcndcr agree to othcr terms of paymcnt, these umounts shall bear interest from the
<br /> � - � date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
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<br />-�=���,� payment.
<br />:.n;,�:.�.$ 8.Mortgage Insurance. If i.ender required mongage insurance as a condition of makin�the loan secured by this Security
<br />�ti,;—�,. ;. ; Instrument. Borrower shall pay the premiums required ro maintain the mortgAge insurance in effect. If, for any reason, the
<br />_;;���r;,_'•: mortgage insurancc coverage required by Lcnder lapses or ccases to be in effect,Borrower shall pay the premiums required ro
<br /> --�°r;•�- obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the
<br /> = cost ro Borrower of the mongage insurance previously in effect, from au alternate mongage insurer approved by Lender. If
<br /> _ � substantially equivalent mortgage insurnnce coverage is not available,Borrower shall puy to Lender each month a sum equal to
<br /> one-twelfth of the yearly mortgage insuranee premium being paid by Borrower when the insurancc coverage lapsed or ceased to
<br /> - ' bc in cffcct. Lcndcr will uccept, use und retain these paymcnts as a loss reserve in licu of mungage insurance. Loss reserve
<br /> Form 3028 9190
<br /> M Pago 3 u�0
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