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<br /> � E�rrowcr sltal! keep the improvementa�axl.c�u'ng o�h�rcaft�etfCtod on tho
<br /> 5. HNr,rrA ai P:��:iy t:,� . ...
<br /> Propecty in9ural sgainst loss by flre, haxards includai within the term "ux[c�id�d c6vcragc"�nd a�sy flther hszardg, including �_
<br /> flcx�ds ar ilooding,for which Lender res�uires insurnncc.This insurunce shall be maintalned in the amounts and for the perlods
<br /> that Lender requires. The insura�ce curritr providing the InSUrance shall be chosen by Barrower subJect to l.ender's approval
<br /> whiah sha11 not be unreasanably withhald. If Borrowar fails ta maintaln caverage described above, I.ender may, at I.et�der's
<br /> option. abtaln coverage to protect I..enAer's r[ghts in the Property in accordanca with pamgraph 7.
<br /> All Insurance policieg and renewals shall be acceptable to Lender und shall include a�tandurd martgage clause. I..ender
<br /> shall have the right to hold the policies and ronewala.if[.ender requires.Bonower shall prompdy giue to Lender all recelpts of
<br /> paid premiums ar�xl rencwal not(ccs.In the event nf los5.Borro�v�r shnil give prompt notice to the insurance carrier and Lender.
<br /> Lender may make proof af luss if not made promptly by Borrower.
<br /> Unless Lender and Borrower otherwlse agra in writing,insurance procade shull be applied w restorntton or repafr of tho
<br /> Property damagod,if the restoration or cepair!s economically feaslble nnd Lender's security is not lessened.If the restoration or
<br /> repair is not econo►nically feasible or Lender's secudty wauld be lessened, the insurance proceeds shall be applied to the sums
<br /> secured by this Saurity Instrumcnt. whcther or not then due. wlth any excess paid to Borrower. If Borrower abandons the
<br /> Property,or does nut answer within 30 days a notice�rom Lender that the insurance carrier has offered ta settle a clalm.then
<br /> Lender may collect d�e insurance proceeds. Lender may use the proceeds ta repair or restore the Property or to pay surns
<br /> secura!by this Security lnstrument,whether or not then due.The 30-day per�od will begin when the notice is given.
<br /> Unless Lender and Borrower othenvise agree In wridng. nny applicatton of proceeds to princlpal shell not extend or
<br /> pastpone the due date of the monthly payments referral to in puragraphs 1 and 2 or change the amount of the paymen�s. If
<br /> under paragraph 21 the Pmperty is acquirod by Lender.&►rrower's rlght to any insurance policies and proceeds resultins from
<br /> damage to the Property pdor to the acqidsltion shall pass to I.ender to the extent of the sums secured by thia Secudty Instcument
<br /> immediately prtor to the acqulsition.
<br /> 6, pcc��p�ncy,Preservadon,Maintenance and Protection of the Property;Borrower's Loan Application;I.easehotd9.
<br /> Bonower shall occupy,establish,and use the Property as Bonower's principal resIdence within sixty days after the execudon of
<br /> this$ecutlty lnsttument and shal! wndnue to occupy the Property as Borcower's principal residence for at least one yeac after
<br /> the date of accupancy.unless I.ender otherwlse agras in writing, which consent ahall nat be unreasonably withheld. or unless
<br /> axtenuating circumstances exist which ere beyond Borrower's control. Bonower shall not destroy, damage or impair the
<br /> property,allow the Property to deteriorate. or commit waste on the Propercy. Borrower shall be in default if any forfetture
<br /> action or proceaiing,whether civil or crlmjnal,is begun that in Lender's good feith judgment could result in forfeituro af the
<br /> Property or otherwise macerisl�Y imPair the lien created by thls Security Instrument or LendePs securlty interest.Borrower rnay
<br /> cure such a default and ninstate.as provlded in paragraph 18,by cnusing the action or procceding to be dismissed with a nxling
<br /> that, in Lender's good faith determination. precludes forfeiture of the Barrowcr's interest in the Property or other materisl
<br /> impairment of the tien creatod by chis Se�uriiy Jnstrw��ci�t or I.er,d�r's sccur[ty fat��s. Bo*sfl�zr sl�1 �n�!+r in default if
<br /> Borrowec,during the loan appllcation process,gave materially false or jnaccurate information or statements to Lencler(or failed
<br /> to provide I.ender with any materlal infomiatIon)in connecdon with the loan evidenced by the Ncrte,including,but not Hmited
<br /> to�repnsentations conceming Borrower's occupancy of the Property as a principai residena. If this Security Instcument is on a
<br /> leasehald, Borrower shall cnmply with all the pmvisions of the lease. If Boaower acquires fex title to the Property. the
<br /> leasehold and tha fec dde shaU not merge unless Lender agras to the merger in writir.g.
<br /> 7,protecdon oi I�enda''s RiBhts in the Prvperty.If Borrower fails to perform the covenents and agreements contained in
<br /> this Security Iustn�ment. or there is a legal proceeding that may significandy affect Lender's dghts in the Property+ (such aa a
<br /> proceeding in bankruptcy.probate,for condemnation or forfeituro or to�nforce laws or reguladons), then Lender may do an3
<br /> puy iv, wt,utovec fs r►:�.:ssary ta p�txt tht tislese of the Pro�rty nnd irnder's righta in the Property. Lender's acdons rn�y
<br /> includ� paying any swns secured by a lten which has pdority over this Security Insteumtnt. appearing in cotut, paying
<br /> ncasonable attorneys'fas and�ntedng on the Property to make rcpairs.Although Lender may t�ke action under this paragreph
<br /> 7.L,a�der daes not hav�to do sa.
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall become addidonal debt �f Borrower secured by thts
<br /> Security Instcument. Unless Bo�rower and Lender agra to other terms of payment. these emounts shall bear interest from thc
<br /> date of disburseme�t at the Note rate und ahall be payable, wlth interest, upon nodce from Lender to Borrower requcs6ng
<br /> peyment.
<br /> 8.Moetgs�e L�urana.If Lender reguired nbrtgage insurance as a condition of making the loan secured by thia Security
<br /> Instrument. Borrower c�hall pay the premiums requiral to rtutintain the mortgage insuranoe in cffect. If� for any reason. tha
<br /> mortgagt insurance ooverage requiral by L.ender lapses or ccases to be in effect.Borrower shall pay d�e pnmiums required to
<br /> obtain coverag�substantially equivalent to the mortgage insurance previously in effect,at s cost substentially equivalent to the
<br /> cost to Borrower of tha mortgage insurance prcviously in effect, from an altemate mongage insuc+er approved by Lender.If
<br /> substandally equivalent mortgage tnsuranco coverage is not available,Borrower shall pay to I.ender each month a sum equal to
<br /> one-twelfth of tho yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsod or ceased to
<br /> be in effxt.Lender will acetpt. use and retain these payrnents c►s a loss reserve in lieu of mortgage insurnnce. Loss ceserve
<br /> Fam 30Y8 9i90
<br /> Ppe3ot8
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