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<br /> 5. tfazarn ar t`'ropeity IIwwiwce. Boreawcr shalt kc.,�p tht improvemeats now�xiatinE"�he�a�Ee�erected �n the
<br /> Property �nsured against loss by tire, hazards include d wi t�i a t he tern� "ex t e n d e d w v e r a g e" a n d an y o t her hazards, including __
<br /> floods or flooding, for which Lender requires lusura�►ce• This ineuraace sball be maintained!n the amounts nnd for the peciods �:;-
<br /> that Lender requins. The insurance carder providing the insurancc sha11 be chosen by Borrower subject to L,ender's approval _
<br /> which shall not be unreasonably withheld. If Bonower fails to maintain wverage descrlbed ubove. l.ender may, at Lender's
<br /> optton,obtain coverage to protect l.ender's rlghts ia the Propercy in acec�rdance with paragraph 7.
<br /> All insurattce policies aad nnewala ahall be acceptable to Lender and shall include a standard mortgage ciausa Lender
<br /> shall have the rlght to hold the policies and reaewats. If I.onder requires, Borrawer shall promptly give to Lender�ll reccipts of
<br /> pald premiums and renewal noticG+.In the event of loss,Borrower ahall give prompt notice to ehe insurance carrier and Lcn er.
<br /> �-
<br /> Leader a�y snsl:e grooP of loag i f nnt made promptly by Bonower. _-_
<br /> UNess Lender and Borrower otherwise agree in wdtiag. insuraace proceeds shall be applied ta restoratlon or repair of the
<br /> Pcoperty damaged,if the i�estoration or repafr la economieelly feasible and Lender's securiry is not lessened.lf the restoration or
<br /> npair is not economically fca+Ible or Lcader's aecuciry would bc Icsscned,thc lnaurance proccede shall be applied to the aums
<br /> saured by this 9ecudry Inetrument, whcther or not then due, with any cxcese paid ta Borrower. If Borrowcr abAndana tlie
<br /> property�or das not answer withla 30 daye a notice from Lender that the insurance carrter ha.+offeral ta arttt�a clatm, then
<br /> Lead�r m�y collect the insuranca procada. l.cnder may uee the procecde to repatr or restore the Pra�erty or to pay auma
<br /> acurod by this Socurfty Instcument,whether or not then due.Tho 3p•d�y perlad will begln whan�ha natico I�given.
<br /> Unless I.ender and Born�wer otharwi�e agroe In wrltin�, any �ppllc�tion of procade ta princlpxl ehall nat cxtend or
<br /> poatpon�the due dsto of the man�hly paymcnti rcfccied to In p�ra�raJsh� 1 aad 2 or change the amount of�ha paymeat�. If _
<br /> under pu�graph 21 tho Property i�acqutre�d by Lender, Borrower'� ilght to any Inauranco polt�les�nd procced�rcsultin�from
<br /> d�maYo tn the Froperty prior to tho acquliition shttll p�ue to Lendor to thA extent of the surtu secured by thb Securlry Instrument
<br /> lmu�edi�tely pdor to tha�cquiaitioa.
<br /> 6.p�upancy.preservattoa,M�Intenance�nd Protectton of the Propertyi ��wer's Loan Appllcatiani i�balds.
<br /> Horrower ehaU occupy,cstablish,aad use the Property as Borrower's principal nsideace within alxry daya aftcr the eaecutlon of
<br /> thie Securtty Inauument and shall condnue to occupy the Property es Bormwer's principal nsidence for at least one year after r
<br /> the date of occupanoy,unless l...ender otherwise agras in wdtla8,whlch conseat shdl not be unreasonably withheld,or unless
<br /> e�enuating circwnstance,s exist which are bayond Bonower's control. Bonowcr ahall not destroy, damage or impair the
<br /> property, aUow the Property to detcdornu, or commit waste on the Property.Borrower shall be in default if any forfetture
<br /> �ction or pmc�eding,whettter civU or cdminal,ia begun thut in Lender's good faith judginent could result in forfeiture of the
<br /> Property or othetwise materially impalr the lien cteated by thie Securiry Inatrument or L.ender's securiry interest.Borrower may
<br /> c�u�e such a default and reWstate,a+prnvided in paragraph 18,by causln8 the acdon or procading to bo dismissed with a ruling
<br /> �� � �d�'; g� {����atq2a, greclud�s forfeitum of the Borrower's inunst ia the Property or other matedal
<br /> impaIiment of the lien created by this Securiry Insuument or Lender's sxur�ry interest. Bonower shall siso be in defaulc if
<br /> Borrower,during the loaa applicadon process.gava materially false or inaccurace information or stauments to Lender(or falled
<br /> to provide Lender with aay�aatedal inforniation)in connxtion with the loaa evldenced by the Nou.includiug,but aot li�aited
<br /> to,representations cunceraing Boaower'a occupancy of the Propercy as a priacipal residence.If this Sccurlry Insaum�at is on a
<br /> le�sehold, Borrower shall wznply with all the provisions of th� Icase. If Borrower acquires fee tttle to the Property, the
<br /> leasehold and the fa title shall not merge unless Lender agrees to the merger in wrlting.
<br /> 7.Protectlon o[Lender's Rtghte In the Property.If Bonower fails to perform the covenaats aad agreemenes cuncained L►
<br /> this Security Iastrument� or then is a legal procced{ng that may significaudy affect L,ender's rights in the Property(such as a
<br /> proceeding ia bankruptcy.probate, for condemnadon or forfeiture or to eaforce laws or reguladons),then Lender may do and
<br /> pay iur wLatCvcr ie n��ary to pmt�:tts�:'s��^f t�e prrn�w+rty and T.ender's rlghts in the P[+uP�rtl►. Lender's actions may _
<br /> include p�ying any sums aecured by a lien which has priority over this Securlty lnstniment. aPpearinS in cowt+ PaY�B
<br /> reasonable attomeys'fas avd entering on the Property to make repairs. Although Lendcr may take action uader this paragreph
<br /> 7,Lender does not have to do so.
<br /> Any amouats diebursed by Lendar uader this paragraph 7 ahall become additional debt of Borrower secured by this
<br /> Sec�uity Instc�went. Unless Bosower and L.eader agree to other terals of paym�nt,these amounta shall bear interest from the
<br /> dite of disbwaement at th�?lote rate and shall be payable, with interest, upon notice from Lender to Borrower requescing
<br /> payment.
<br /> 8.Mortga=e Insuraaee. If Lender required mortgage insuranca ns a condition of making the loaa secured by this Security
<br /> Iasuument. Borrower shall pay the premiums required to maintain tlie raortgage insuraacc in effcet. If, for aay reason, the
<br /> mortqage insurance coverage requ�red by Lender lapses or ceases to be fa effect, Bonowcr shall pay the prcmiums nquired to
<br /> obtain wverage substantially equivalent to the mortgage insurance previously in effect,at a cost substanNally equivdent to the
<br /> cost to Borcower of the mortgeg� insuraace previously in effcet, from aa alternate mortgage insunr approved by Lender. If
<br /> aubsteatially equivaleat mortgage Insurance coverage is not available,Borrower shall pay to Lender each moath a sum equal to
<br /> one-twelRh of the yearly mortgage insarance premium being paid by Borrower whea the insurance wverage lapsed or ceased to
<br /> be in effxt.Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insuraace. Loss reserve
<br /> Form 3028 8/90
<br /> �•8Y(NE)�s3�2i.o� P.w s or e �M�=�
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