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<br /> 5. Hazard or Prmpe�}' Insuranc�. Berrower shall keep the impn�vemcnts n�w existing o� hereaft:r ere�ted oc tRee
<br /> 1'roperty insured against loss by fire, i�a:anis in;,ludc:� �ti�ithin the term "e!ctencSr.d coverage" and any ochr.r hazards, i.nciud+,ng
<br /> Poods or tlooding. for which l.ender reouires irsurance. This,insuranc�shall be maintainesi in the amounts and f�r the periods �
<br /> that I_erider reyuires. The insur:a��ce ca^ier providing the insurance sfiall be chosen by k3orrower subjeet to Lendec's approval �
<br /> u�hich shall not be unreasonably withtaeid. If Borrower fails to maintain �:overage described above, Lender may, at Lender`s
<br /> oneion. obtain coverage tc�protect (lender's rigt�ts in the Prope:ty in accardaincc w�it�i paragraph 7. �
<br /> Ali insurance pelicies and rerewa�s shail be acceptable to L�r.der and shal! include. a standard mortgage ciause. Lender �
<br /> shall h�ve the righ;to hold the�lici�:s and renewals. If I,ender requims, Sc�rro�ver shatl promptly give to Lertder�Il receipts�af._. �
<br /> paid premiums arti re�sewal notices. In the e�•ent of loss.Borro��er shall give prompt'notice to the insurafica ca�'t�ier�nd L:.nder.
<br /> Ler.der may make prx�(of iuss if r�at made promptly b��Borrowec. - �
<br /> Unless Ler.�er and I3orrower otherw ise agree in writing,insurtnce proceeds shall be applied ro restoration ar repair ai the
<br /> Pronc:rty damaged, if the restoration ar rcpair is economically feasible and Lender's security is nezt lessene:i. If the restoratiun or
<br /> re�uir is no[ econ�mica!!y feasible O[ Le�tde�'s securify woutd be lessened, th�insurance proceeds shall be applicd to the sums
<br /> secured by this Securiiy i�y�t�u��zcr,., :v:;°_!hv�- nr not then due, with any excess pai� to Borcower. If Borrower aba��dons the
<br /> Freperty, or does not answer within 30 days a notice frorn L,ender that ihe insurance ca���c� "ws^ff�r�[� [O SCfI�C 1 C�al[tl, then
<br /> Lender may collect the insurance procee�s. Le:nder may use [he pr�ceeds co repair or restore the Prn�erty �r to ray sums
<br /> securec; by this Security lnstrument, whether or not�nen due. "fhe 30-day period will begin���nen the nntice is gi�en.
<br /> Ur,less :.ender and Bonower otherwise agree in wri;ing, any appiication of proceecis to princigal sha11 noi extend or
<br /> postpone the.due. date of the mo�utly payments referred ro in paragraphs 1 and 2 or change the amount of tlte payments. Tf
<br /> under para;raph 21 the Prop�erty is acquireei by Lender, Borrower's right to any insurance policies and proceeds resulting from
<br /> dama�e to tiie Property prior to the acquisition shalt pass to Lender to the cxtent�f thc sums sccured by this Sccurity Instruincnt
<br /> immediately prior to the acquisiiion.
<br /> G. Occup:�ncy, I'reservat�un, Ataintenance and Protection of the�'eoperty; l3orro«�er's Loan Applicati�i�r, Leasebolds.
<br /> Borrower shall��ccupy, establish, and us�the Property as Aorcower's principal res+dence widiin sixty days at�ter the execution of
<br /> this Security Instrument and shall rortinue to cxcupy the Property as Borrower's principal resiJence for at Ieast o�:ie ye:�r after
<br /> the date of occupancy, unless Lei�der otherwise agrees in writing, which consent shall n��t be unreasanably �vithheld, or unless
<br /> extenuating circumstances exist which are beyond Borro�ver's control. Borro«•er sha�l not destroy. damage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste on the Pro}>erty. 8urrower shall he in default if any forfciture
<br /> action or proceeding, whether civil or criminal, is begun that in Lender's gi:od faith judgment could result in forfeiture of the
<br /> Property �r otherwise materially impair the lien created by this Security Instni�;ient or Lendcr's securiry i�tterest. Bottower may
<br /> cure sach a default anci reinstate, as provided in paragraph 18, by causing the action or proceee3in,to be di�missed w�ith a rulirig"
<br /> that, ir. L.ender's good f��.ith derermination, precluaes forfeiture of the SorrowPr's inter�st in the Property or other material
<br /> im�airm�nt ef the lien created by this Security Instniment or Lender's security interest. Borrower shall also Lie in default if
<br /> �3orrowei, during thc loon application process, gave materially Calse or inaccurate informati�m or statements ro Lender(or failcd
<br /> to pro���ide Lender with any material inforniation) in connection with thz laan evidenced by the Note, inclu�ing, but not limited
<br /> to, representations concerning Borrower's occupancy of tfie Property as a principal residence. If Ui�s Security Instrument is on a 'j
<br /> ieasehold, 6orrower shall comply with all the provisions of the lease. if Borrower 4cquires fee tiu� to the Pri�aerty, the `
<br /> lea�etu�ld and the fee tide shall not merge unless L.cnder agre�s to the merger in writing.
<br /> 7. Protection af Lendcr's Rights in the Property. If Borrower fails to perform the covenants atid agrecments contained i��
<br /> this Security lns!niment, or there is a legal proceeding that may signifccandy :�ffect Lende�•'s rights in the Prop:rtv (such as a
<br /> proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations�, then �ender may do and
<br /> pay for w!�atever is necessary� '.o protect !he value of the Property an�l Lender's rights in the Property. Lxnder's actions may
<br /> include paying a��� sums secured by a lien which has priority over this Security lnstrtiment, app�arirtg in court, payin;
<br /> reasc,nable attorneys' fees and enteritig on the Yroperty ro make repairs. Although Lender may take action under this paragraph
<br /> 7, Lender does not have to do sa
<br /> Any amounts dishursed by Lender under this para�raph 7 shall become additional debt of Bc�rrower sec:�red by this '
<br /> Se::uritv Insuument. Unless Borrower and Lender agree lo other [em�s of payment, t'r,ese amounts shall bear interest from thc
<br /> date of disbursement at the Note rate and shall be �ayable, witii interest, �non notice fro�n L.ender ta 63orrower requestin�
<br /> payment. ,
<br /> €�. Alortgage Insuranee. If Lender requi:ecl mortgage insurance as a condition e�making the loan sccureci by this Secur.ty
<br /> )nswment. Borrower shalt Gay the preRiiums requi;ed tc� maintain ehe mortgage insuranee in eEfect. If, for any reason, thc
<br /> r.irn�tgage insur:ince coverage requirecl by Ler.der lapse� or ceases to be in effect, Borrower;hall pay the premiums required to
<br /> ebta�n coverage �ubstnntialty equivafent tc the mortgage insurance previously in effect, at a cost substantially equivalent t� thc
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternate mortgage insurer approved by I.encler. If
<br /> substantially equivalent mortgage insurance coverage is not avaitable, Borrower sball pay ro Lender each month a sum equal to
<br /> one-twelfth oF the yearly �nortgage insurance premium being�aid by Borrower when the insurance coverage lapsed or ceased tn
<br /> be ir efl�ect. Lender�vi�t accept, use and retain these paynzents as a l�ss reserve in iieu of n�ortgage insurance. Loss res;.rye
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<br /> � �'� Farm 3028 919Q �
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