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<br /> 5. Haxurd or I'rnperty Insw•uncc. Borri�wcr shull kccp thc impr�ivemcnts now cxisting ur Imrcaftcr crcctcd on thc
<br /> Propeny insurcd against luti,hy lir�. L�u�rd� includcd �vithin thc tcrm "cxtcndcd cnvcra�c" und any uthcr hunirdti, includin�, _'
<br /> flcxid+or flcwding, for which C.endcr require�inyurance.This insurunre shull he maintuineJ in thc AI1litlllltti lU1cI li�P II1C�C�iuds
<br /> that Lcndcr rcquires. Thc insuruncc carricr pmviding thc insurancc sha�ll hc choscn hy 8orruwcr yuhjcct co Lcndcr', .ipPmva�
<br /> which shall not be unreasonably withheld. If Borrower fuil�tu maintain cover•rge deticribeJ ubuve. l.cnder maY• at l.ender's
<br /> aption,obtain covcragc tu protrct L.endcr's rights in thc Property in accorduncc with parugruph 7.
<br /> All insurnnce policie�nnd renewals shull bc urccptablc to I.cndcr und shall include.i standard mortgagc eluuse. Lcnder
<br /> shali have the right to hold the policies and renewals. If l.ender requires,9onower shull prompdy give t�� Lender ull receipts of
<br /> paid pmmiums and renewal noticcs. In the event of lass,eonowcr shull�ive prompt natice to the insurance curricr und L.ender.
<br /> Lender may make proof of loss if not made prompdy by Borrower.
<br /> Unless L.ender and Borrower otherwise agree in writins.insurunce proceeds shall be upplied to restarauan or repair of the
<br /> Property dumaged.if the restoration or repair is economically feasible and Lender's security is not lessened.If the restoratian or
<br /> repair is not economically feasible or Lender's securiry would be lessened.the insurance proceeds shull be applteci to the sums
<br /> secured by this Security Instrument. whether ar not then due. with any excess paid to Borrower. If Borrower abandons the
<br /> Property. or dces nat answer within 30 days a notice from Lender tl�at lhe insurance canYer hus offered to settle a claim, then _
<br /> Lender may eollect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this 3ecurity lnstrument.whether ar not then due.The 30-day period will begin when the nottce is given.
<br /> Unless I.ender and Borcower otherwise agree in writins, any application of praceecls to principal shall not extend or
<br /> postpone the due date of thc monthly payments refened to in paragrnQhs 1 and 2 or change the amount of the paymcnts. If
<br /> under paragraph 21 the Property is acquired by Lender.Bonower's right to any insurance policies und proceeds resulting from
<br /> dama$e to the Property prior t�the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immediately prior to the�cquisition.
<br /> 6.Occupancy,PreservAtion, Maintenance and Protecdon of the Property;Borrower's Loan Application;Leaseholds.
<br /> Borrower shall occupy,establish,and use the Properry as Bonower's principal residence within sixty duys after the execution of
<br /> � this Security Instrument and shall continue to accupy the Property as Borrower's principal residence for at least one yeur after
<br /> � the date of occupancy,unless Lender otherwise agree�iu wiiting, wh��h mr;en.�l�s!! noi!+P v�*e'?canably w3thheld, or unlesa
<br /> . extenusting circumstances exist which are beyond Borrower's contral. Bonower shall not destroy, damage or impair the
<br /> � property, allow the Property to detedorate, or commit waste on the Property. Barrower shall be in default if any forfeiture
<br /> action or proceeding. whether civll or criminal. is begun that in Lender's gaxl faith judgment could result in forfetture of the
<br /> Property or otherwise mate►ially impair the lien created by thls Securiry Instrument or Lender's securiry interest.Borcower u�ay
<br /> cure such a default ancl reinstate,as provided in paragraph I8, by causing the actton or prooeeding to be dismissed with a tuling
<br /> that. in Lendcr's good faith det�rmination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> � impairment of the lien created by thls Security Instrument or I.ender's security interest. Borrower shall also be in default if
<br /> �� Borrower,during the loan a�plicntion process.gave materially false or inaccurate information or statements to Lender(or failod
<br /> ' to provide Lender with any material information)in connecdon with the loan evidenced by the Note,including.but not limitat
<br /> f to. representations concerning Borrower's occupancy of the Property as a principa.l residence. If this Security Instrument is on a
<br /> � leasehold, Bonawer shall comply with �Il the provistons of the Iease. If Bonower acquires fee dtle to the Property. the
<br /> ��y leasehold and the fee tide shall not mcrge unless Lender agrces to the merger in wrlting.
<br /> � 1.ProtecHon of I.er�der's RiBhfs in the Property.If Bonower fails to perform the covenants and agraments contained ia
<br /> this Security Instrument. or thero is a legul proceeding that may significuntly affect Lender's rights in the Property (such as a
<br /> pmceeding in bankruptcy.probate. for condemnation or forfeiture or to enforee laws or ngulations),then Lender may�o and
<br /> . pay far whatever is neccssary to protect che value of the Property and Lender's rights in the Property. I.cndcr's actions may
<br /> include paying any surns secured by a lien which has pd�rity over this Security Instrument. appearing tn court, paying
<br /> re.�►sonable attomeys'fees and entering on the Property to make repairs. Although L.ender may take actian under this paregraph
<br /> 7. Lendsr does not have to do so.
<br /> _ Any amounts disburseci by Lender under tiiis puragraph 7 shall became additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borrower and I.ender agree to other torms of payment,these amounts shall bcar interest from the
<br /> date of disbursement at the Nate rate and shall be payable. with in[erest, upon notice from Lender to Borrowsr requesting
<br /> payment.
<br /> 8. Mortgage Insurance.If Lender required mortgage insurance as a wndition of making the Ioan secured by this Security
<br /> Instrument. Borrower shall pay the premiums required to maintein the mortgage insurance in effect. If. for any reason, tha
<br /> mortgage insurance wvecage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums roquirod to
<br /> ubtain coverage substantially equivulent to the mortgage insurunce previously in effect.at u cost substantiully oquivalent to the
<br /> -- cost to Bonower of the mortgage insuram�c pre�iausly in effect, from an aiternute mortgage insurer approved by I.ender. If
<br /> ' substantiaUy equivulent mortsage insurance coveruge is not available,Borrower shall pay to I.ender eacli nwnth a sum equal to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance wveragc lapsed or crased to
<br /> be in effecc. Lender will uccept,use and retain these payments as u loss reserve in lieu of mortgage insurunce. Loss reservo
<br /> Form 3028 9190
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