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<br /> � . ` 5. Harard or Property Iasarance- Borrower s6a11 keep tiLe improvements now eaisting or hereafter erect on e '. . . ..
<br /> ' ptoperty insured against loss by fire.haxazds iacluded within the tenn'extended coverage' and any o�her hazards. iacluding ,`,. .. . ..
<br /> � ttoods or tlooding.for which Lender ceqmins ins�ua�u�e.74�is insurance shatl be maintainQd in the amaunts and for thc periods , --
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<br /> � '` ; tbat Ixader requires. The insurance earrier providiag the insuraace shail 6e cDosea by Horrawer subjecc to Leader's apptoval "� .. ,�•.
<br /> . . ' which shail uot be anreasnnably withheld. If Bormwer fails to maintain coverage descri6ed above. Leader may.at I.cader's �:.� 4, ,
<br /> . ' ' option.oDtain ooverage to pmtect IrendePs rights in the Property�n accordance with paragraph T. ':;,_: � � .
<br /> ' • AI!insurance Qol[cies and renewaIs shall be accepta6te to l.ender aad shall inci�de a staadard mortgagr ctause. l.ender -
<br /> . . , shall 6ave the r�ght to hotd tLe policles aad reaeatats.If Ixnder requires.Borrower shall pramptIy give to Latder atl receipts of .
<br /> , paid premiums aad renewaJ notices.In the event of loss.Bomower shall give pmmpt norice to the insuraace carrier and L.eader. ' . ' :' .
<br /> �.<� Leader mray make proof of lo�if not made promptIy�yr Borrower. __ _-.--.-r
<br /> < . - --.�,;.-. Unless Ixndet and Borrower olhe:wis�e�ee in writiug,i�uran�gt�s s6a11 be applied to restaraaoa or r+�air oS the _ _=_— --
<br /> � F'..v. �:.,'_ . . , '
<br /> � . Piopei'ty dama�eb,if the restoratioa or repair is e�canomically feasible and Ilesder's seauity is not tessened.If the rescoratiaw or , .
<br /> . . ceQanr is not economically feasible or leader's securicY would be lesseaed,ti�re insurance prflceeds shall be applied to the sums , .
<br /> , . _- secaced by this Sec.urity Tnsuumen�wh�her or not thcu due,with any escess paid to Borrower. If Bosrowes abaadons the ��,
<br />.- . •• �' '�`. p�,oQerty.or daes not answer withia 30 days a notice from L�der that the ia�tuance carrier 6a9 off@red to seute a claim,thea � <.
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<br /> �' •'': Leader may collect the insucance pmceeds. ixuder may use the pcaceeds to teQair or teswre tfle Property or to pay s�s t , `=
<br /> ,. ;<:� setore�by tHis Saauiry Ins�umtent,w6ethEf oi aot tl�due.T6e 3Qday perFod will begin w6en tf�e notice is given- ,�
<br /> :..:��•- ;` Unless Lender aad&ztrower othetvrise agree in•arriting. anY aPP l icatioa o f p r o c e e d s to princip a!s h a l 3 n o t e x t e n d o r _ =
<br /> _ ,-�.-� p°stp°ne t�e dve date of ttv�moatLlY Fayments�to in paragraphs 1 aad 2 or c6ange the amoutu of cI�e payments. U -- T- ,.;�
<br /> - t- ...:- . - tmder pazagtapTi 2!the Fr�erty is acqoiretlBY Lender�Bomuwet's r�gkt to aay in��ranc�poliCies aIId p�s�SUIting from �,---�r` �.
<br /> � � damage to t�e Fc�etty prior to the acquisition sHa11 pass to[�ender m tHe exteat of the smns seaued by this Sec�uiry tn�rn�m n
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<br /> .. • �. i,mmediateip�pei�tv the acquisitian. :,-
<br /> - . .: . 6.Occ�cy:F�a�oa.��ce sad�+ntec�on�EC[e.�e Borrower's Iraau Ap�a;Lea.�ib:�ts. ..; '�;
<br /> ' ' .. � .. Bonoa�er sI�all accupy.estaUlish,and use the Fraperty as Barrnwer'�.�a��'ense with�sixty days a�r We exerusion of �.r�:.;�' •,�
<br /> � �- =° this Sewtity ta�trament aud shall consanue to occupy the Propeccic as,{d,,x�oa�ec��*_�.residence for at teast one y+ear after ` ��:,�{_f
<br /> : . � `,,i.t�+'�;`.� the date of occupaacy,unless Lender ro�+ise ag�ees in wririu�,.�conseut s5a�!�c t�e.ua�easoaahly'witbheld,or unless ; Y;;�•;,..--
<br /> �:��._':` . exte�n�ng ciraimstances exist whid'a�.:beyoad Bormwer's control. Eomaz�ec.shalE r,avt destroy. dama8e or impair the _:<<-���':
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<br /> . : ,,� Pmpezty. allow the�y to detecioiate.or coa�sis waste o�r the PropertF_�]��r o wec'�%be in defanIt i£aa y forfeiture —
<br /> - . . actian br pmoeediag,�er civil or criminal,�s�t�ac in��'s goud�Faith judgment could res�ilt in forfeiture of the =
<br /> .. • p[operty or othgcwise u�ateriariy impair the lie�crc�.�r this Seauity Iasaeunent or Lender's securiry interest.Bosrower may •�
<br /> L 18.b causing.the action or to be dismissed a►ith a xuling '.� �itr���
<br /> ' � cnre sucD a defaulc aud refnstate,as psnvided in P��P Y P�8 ,_ s�..
<br /> , . = that, in L+e�3�c's goad faitri determination,Precludes forfeimre of tbe Bomnwer's iate�est m ttie Pcoperty or other material ��; ��.�
<br /> � � x ;�:impai�ment of t�e�l'�em ai�ated by this Seairity insm�ment or L e a d er's'secvrity in t e r e s t. B ormw e r s h a l l a l s o 6 s i n d e f a d t i f ---
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<br /> . :::`� Bomnurer,duimg t�e:Y�aa¢.u�Plication process,Bave materially false or inaccui�rt informazioa o�statemews tic,�nder(ar faled . -
<br /> . to provide Lender wk�a�''�aierial information)ia coanecxioa arItli the loan e4�enced by the Note.iaci�,_but aoi limited , _
<br /> t ' � '� to.�epres�oqs r.��g�BorrQ�ES's oaupauey of the Property as a princ'spa`1 tesidence.If t6is•Secutiry Mcm�m�t is on a , F} �
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<br /> t`�'°�r`!�:• leatehold, "��:�,ibt�t�'�Ct�'at�tite provzstans oEtb.e T�se. If.Borrower acg,ui.-�y fee ride to the Progecty. the ,;.i ` ��.,,,,�_
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<br /> .. ���"•�'t�. 1C8Seh0Id0�1��ELhCii2��d�tIIOtmCCgCltatCSS�2$i2e8ias]�ev�tgei'��tiL+$• " � _.
<br /> �. �`�t� 9.Prut�t�+aL�,�a,►d�'s Rigt�ts ite We�:�f Bomnwer�fac"�t���e c��;e�ts and ag�a�uettts co�m
<br /> this Seruriay��.;ar there is a legal protee�tfrg tUaat may.si�ific�`�fl;,�a lxnder s�r1g�►ts ia tY�Paope�ty.(sc�•as a .�� ;
<br /> " �'.;.. pmceedia��`�.�*�;�tcY:Probate•for conde�adon or forfeinu�e or to enfocze�Iaws ar rcg€�tions),then�ender�ay�.aud . , , _
<br />. ,.';' pay for viP;.sdrar.�r�s�nr.cessary to protect the vaIue of the Property aad LeRder•s righu in th2 Property. Lender's act�z,��r�ay � .rvr�sar K=:
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<br /> . ; inctude pajJ`Eig'any��s s� by a lien which has priority over this Securiry I�uument, aPP�B in caurt,���urt� ` .
<br />_ � teasonable anoraeys'.�e�aad entering on the Pcoperty w make repairs.Althan�Lender may take action under this parag�apIl• '. ;. ,,yi.,_ ••-
<br /> �� ;:+ , ' 7.l.ender does'not have io do so. • • � i'
<br /> ; ._, pny asnounts disbarsed by Le�Wcr nn4er tl�is pacagrapb 7 shaU hecoa3e a�titional debt of Borrower socured by this .� �'i
<br /> ..r.;:•',�xa��`:Y;�F�:;'�= Security Insm�meiu.Unless Boaoavr.�Aad I�endoc agtee to ot�er terms of p�:��t�ese amounts shall beaz interest from che �. _
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<br /> .. �-."',� date of disbuisement at the Note r����aad shNNt��be payable,witt► intemst, nF�;s����,��a Lender to Bor�wer cequesting _ "
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<br /> r . . ��. '_ :,`: paymeat. � ".''. . . ... :. . �*
<br /> ... S.ll�o�tgage Ia�ti�ee.If Lender.*equired mortgage insurance ag a condf�.�pf malcing the loan secur�d by this SecurIry , �.. - —
<br /> - ' f any reason.the �`"�'_
<br /> . . >:.:'� Insuvment, Borrower s3�a11 pay the premiums required to maiatain the utarr�+a�qa�urauce in effect. If, or .'::;,.,r;_—
<br /> � � mortgage insuranre coverage ceqi�iied by Lender lapses or ceaSes to be in eff�Borcaaer shall pay the�iemiums required to ;�F,.
<br /> �' `��.. '. obtain ooverag�e subspt►tially equivalent to the mortgage insuraace+�msei�r�l���ffect,at a cost substantialiy equivalent to the �- •_:-:� ±=
<br /> �,...
<br /> . � a►st to Borrower of the mortgage ias�uance previously in effect,�frvm�.�aiif�ate mortgage insuter approved by Lcndet. If "
<br /> � � substantialiy equivalent mortgage insurance covetage is not availabte.Bor�w-��all pay to Lender each mont6 a sum equal ta � �;,` :''�
<br /> ; � , � - � one-tweifth of t�e yearly mortgage iasurance premium being paid by Barrower'�ra?��n'the ias�uauce coverage lapsed or ceased to . . ' .
<br /> . . _ : ,. be in effect.Lender will accept,use and�etain these paymenu as a toss reserve in.lieu of.mortgage insuraace. Loss reserve ':+_ay.�; :.;�_•:_
<br /> ''• ., . ._ .�. � . • Form 3028 9190 + :;r;���^��� ...
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