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<br /> g?d• 1t�'7381
<br /> 5. Hozxrd o� Praperty i�¢ice. Bonower shall kap the improvemdl�naw existing or here�ttex ercctod on U�e
<br /> Property insured agninst loss by fire. hazards includcd within the temi "extended covcrage' wxl any other huzardg, including
<br /> floods or flooding, far which LcnJer requircs insurw�ca. This insurance shull be muintained in the c�nx�unts a�xl for the periods
<br /> that I.ender requircs. The insurunce carder providing the insurance shall be chosen by Bottower subjut fa Lender's appmval
<br /> whIch shall nat be unreusonably withheld. If�rcower feils to maintain cuveruge desc�ibcd alwvc,Lender mny. ut Lender's _
<br /> option.obtuin covernge to pmtect Lender's rights in the Property in nccordance with parugrnph 7.
<br /> Al1 [nsurance poltcles and renewals shall be acaptable to Lender und shull include u standard mortgage clause. I.ender
<br /> shall have the dght to hold ttu policies and renewuls.If Leader requires.Borrower shall promptly give to Lender all receipts of
<br /> paid premiums and renewal notices•In the ev�nt of loss, Borrawer shall glve prompt notice ro the insurance carrier and Ixnder.
<br /> L.ender may make proof of loss if not madc promptly by Borrower.
<br /> Unless I.ender and Bonower othenvise agree in writing,insurance proceeds slial!be applied to restaratlon or repair of the
<br /> Property damaged.If the restoration or repair is economically feasiblo and T.endcr's security is not lessened.If the restorntipn ar
<br /> repair is not economlcatty feas'sble or I.ender's security would be lessened,the insuranse pmc,eed�shall be appiied to the sums
<br /> secured by this Security Instruznent. �vhether or nat th�n due, wlth any excess paid to Borrower.If Borrawar abundons the
<br /> Property.or does not answer within 30 days u noticefrom I.ender that the insurance carrier has affered to settle a claim, then
<br /> Lender muy collect the insurance proaeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by th'ss Security lnsmimcnt,w6ether or not thon due.The 30-day per�od will bcgin when tho notice is glvon.
<br />, Unless I.ender and Borrower otherwise agrce In writing, any applicution af proccods to pdncipal shall not extend or
<br /> postpone ttic due dete of the monthly payments eefcrreci ta in parugraphs i und 2 or change the amount af the payment9. IF
<br /> undcr paragraph 2l thc Property is ctcquircd by Lcndcr, Barrowcr'R right to uny insuruncc�x�licics and praceals resulting from
<br /> dpmage to thc Property prior to the ncqui�ition shall p��w to t.e�xlcr t�the cxtent of the aum.r�:ccured by thls Security In�trumeut
<br /> immccfiutely prfor ta thc aryufhition.
<br /> b.paup�ncy. praierv�tlon,M�Inten�ncr�nd Prntertlon ot the i'ropertyt 1l��rrnwer'N f.uMn Appllc�tlon;l.ewieholdr.
<br /> &�rmwer nhaU�xcupy,extwbllwh,anci use thc Praperly a�&irniwcr'K prbxipul rc.ridencc wtthin Kizty duyR aRer the exccud�ro af
<br /> thin Security Instrument u�xl shull c��ntlnue tc�occupy thc Pro�rty as E�cirrower'+prl�x;ipal re�idencti for st leust one yar aRer
<br /> the�irte nf accupancy,unles.r L.ender otherwfhe agra�in writing, which cun�cnt e+hall not he unrcawnr�bly withheld, ar unle�w
<br /> extenuating circumstances exist which ure beyond Borrower'x c�mtrol. tiorrower shall not destroy. demago or impair the
<br /> ps���y, ,�Il�w the ProQerty to detetiomtc, or cornmit wuste on the Property. Borrowcr shall be In default�if any forfeiture
<br /> actfon or proceeding, whether civfl or criminul.is begun that in L.ender's good faith judgment could resuit in�forioicuie oi ihe
<br /> Property or ottxrwise matcriaUy impuir tix litn creatod 6y this Sccurity Instrumcnt or L.ender's secudty interest. Borrower may
<br /> cure such a default and reinstate,�s provided in parsgraph 18,by causing the action or proceeding ta b�dismissed with a rultng
<br /> that, in Lcnder's good feith determination, proclucks fodeiture of the Horrower's interest in•tho Properry or other materisil
<br /> tmpairment of the lien creatai by thie Security Instmment or Lender's security interest. Barrower shall also be in default lf
<br /> Borrower.during the loan appl ication process, gave m�►terially false or lnaccumto information or statoma�ts ta Lender(or failal
<br /> to provide Lender with any materiel information�im m�nection with the loan evidc��ced by the Nato,including,but not limited
<br /> to,representations concerning Homower's cecupancy of the Property as a principaf rcsidcnca. If thia Securiry Instrument is on a
<br /> tcasehotd, Borrower shall comply with all the pravisions of the la�se. If Borrower acquims fee titlti to We Propecty. the
<br /> leasehold and thc fa title shall not merge unless Le»der agrees to the merger in writing.
<br /> 7.Proteetion of Lender•s Rights in the PropettY.If Borrower fails to perform the covenunts and agreements contained in
<br /> this Secudty[nstntment, or thece is a legal•proceeding that may significuntly affect I.ender's rights in the Property (such as a
<br />- proceeding in bahkraptcy.probate, for conclemnation or forfeiture or to enforce lawe or reguladons). then Lender may do and
<br /> , pay for whatever is nar-ssary to protect the value of the Property and I.enaer's r�ghts in the Property. Lender's actlons may
<br />= include paying any sums secured by a lien which has prior�ry over this Security Insuument. appearfng in court. paying
<br /> reasonable attomeys'fees end entering on the Properry to make repairs. Alchough I.ender may take action under thls paragraph
<br />- 7,Lender does not have to do so.
<br />- Any amounts disbursed by L.ender under this paragraph 7 shall beccnne additional debt of Borrow�r secured by this
<br /> Security Instrument.Llnless Borrower and Lender agee to othcr terms of payment,these amounts Ahall boar intercst from the
<br />�t date of disbursement at the Note ratc and shall be payable, with intecest, upon notice from Lender to Borrower requesting
<br /> �
<br />;� Payment.
<br /> ;, $.Mortgage It►�urance. If Lender required mottgage insurance as a condition of making the loan securecl by this Secudty
<br /> � Instrument, Borrower shall pay the premlums required to maintain the mortgage insurance in effect. If. for any r�ason, the
<br /> mortgage insumnce covernge required by Lender lapses or ceases to be in effect.Borruwer shall pay the premiums required to
<br /> obarin cuverage substantially equivalent to the mortga�e Insurance previously in effoct,at u cost substantially equivalent to the
<br /> . cost to Borrower of the mortgage insuran¢e ptovicwsty in effect, from nn ulternato mortgage insurer approved by I.ender. If
<br /> substantialty equivulent mortgage insurunce cxn�erngo is not availablo.Borrower shall pay to Lender each month n sum equal to
<br /> ! one-twelfth of�the yearly mortgage insurnnce premium being paid by Sarrower when the insurance coverage lapsed or ceased to
<br /> � be in effect.I.ender will accept,use and retain thesepayments as a loss reserve in lieu of mortgage insurnnce. I.oss reserve
<br /> , Form 3028 9180
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