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<br /> 5. hazard or Property Insurance. Borrower stall kccp the irnymvcmM" how existing or hereafter erected on the
<br /> Property insured againsi ims by fire, hazards i--luded within the term 'extended coverage' and any other hazards. including
<br /> floods t.r flooding, for which !ender requires imm-r^ar--c. This insurance shall be maintained in the amount-. and for the periods
<br /> that Lender requires. The insurance currier providing the insurance shall be chosen by Borrower subject to Lender's approval
<br /> which shall riot be unreauonably withheld. If Borrower fails to maintain covers re described above, Linder may. at Lender's
<br /> option, obtain overage to protect Lender's rights in the Properly in accordance with paragraph 7.
<br /> All irt_surance policies and renewals shall be acceptablc to Leader and shall include a standard mortgage clause. Lender
<br /> shall have the right to hold the policies and renewals, if Lender mVires, Borrower shall promptly give to Lender all receipts of
<br /> paid pierniums and renewal nobs- . in the event of Isis. Borrower shall give prompt nctice to the insurance carrier and Letrdsr.
<br /> Lender rmy make proof of lass if tim made promptly by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to resmration or repair of the
<br /> Property dauwgcd, if the restoration or repair is economically feasible and Lvidcr's security is not Iemned. If the restoration or
<br /> repair is not cenrx)micaliy feasible or Lender's security would be lemened. the insurance proeeetti shall be applied to the sums
<br /> secured by this Security instrument. whether or not then due, with any excexs paid to Borrower. If Borrower abandons the
<br /> Prorcrty, or doe- not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then
<br /> Fender may collect the imurant: proceeds. Lender may use the proceeds to repair or tttstore the Property or to pay sums
<br /> secured by this Sccuritw instrument, whether or not then due. The 30-day period will begin when the notice is given.
<br /> Unless Lender and Borrower othemise agree in writing, any application of proceeds to principal shall not esten..i or
<br /> postNne r'ne due date of the monthly payments referred to in paragraphs I and Z or change the amount of the payments. If
<br /> under paragraph 21 the Property is acquired by Lender. Borrowcr's right to any insurance policies and proceeds resulting from
<br /> d,image to the Property prior to the acquisition shall pass to Leader to the extant of the suers secured by this Security instrument
<br /> immediately prior to the acquisition.
<br /> 5. Occupancy, Preservation, Maintenance and Protection of the kmperto; ILorT'alier's Loan Application; IAwwf olds.
<br /> Borrower shall occupy, establish. and use the Property as Borrower's principal residence %ithin sixty days after the execution of
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of occupancy. unless Lender oth_rwisc agrees in writing. which consent shall not be unreasonably withheld, or unless
<br /> cxteruating circumstances exist which are beyond Borrower's control. Borrower alto I not de trov, damage or impair the
<br /> I'roperty, allow the Property to deteriorate, or commit waste a'7 the Property. Borrower shalt be in default if any forfeiture
<br /> >`t ion or proceeding, whether civil or criminal, is begun that in L.cnder's goad faith judgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security Irmrunicnt or L.ertder's security interest. Borrower may
<br /> cure such a default -o%; reinstate, as provided in paragraph 18, by cau-.inrg the action or proceeding to be dismissed with a ruling
<br /> that, in Lcndcr'5 er~od faith determination. precludes forfeiture at the Borrower's interest in the Property or other material
<br /> impairntcnt of th- 'ion created by this Security instrurncnt or Lender's security interest. Borrower shall also be in default if
<br /> Borrowcr, during C ,,e loan application process, gave materially false or inaccurate information or statements to Lender (or failed
<br /> to provide L.cnder with any material information) in connection with the loan evidenced by the Note, ircluding, but not !imited
<br /> tn, represcnt;?!ions concerning Borrower's occup-pricy of the Property as a principal residence. If this Security in-.rrt,ment is on a
<br /> leasehoid. Borrower shall comply with all the provisions of the lease. If Borrower acvairm fee title to the Property, the
<br /> Iraschold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 1. Protcction (if bender's Rights in the Property. If Borrower fails to perform the covenants and agreements contained in
<br /> this Security Instrumen+, or there is a legal prom-ding that may significantly affect Lender's rights in the Property (such as a
<br /> proceeding in bank.: aptcy, probate, for mntdentnation or forfeiture or to enforce laws or reguletiom), then Lend(-- may do and
<br /> pay for whatever i~, necessary to pr1)tC%3 the value of the Property and L.endkr`s rights in the Property. Lender's actions may
<br /> include p:;yin am suirts secured by a lien which has priority over this Security imstrument, appearing in court, pay;nR
<br /> reasonabie atttonwys' fees and entering on the Property to nuke repain_ Although lender may take action under this paragraph
<br /> i. Lender does not have to do s -
<br /> Anv amounts disbursed by Lender under this paragraph 7 shall becpmr additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of pmyment, these amounts shall bear interest from the
<br /> date of disbar ement at the Note rate and shall be payabir.. with interest, upon notice from Lender w Borrower requesting
<br /> payment
<br /> S. Mori gage dnst~rance. If Lender required morteare inrrra;,ze as a condition of making the loan Fect:rcd 'sty this Security
<br /> In<trun>ent, Borrower shall pay the premium-. required to maintain the mortgage insurance in effect. If, for any reason, the
<br /> mortgage insuran- coverage required by L.endet lapses or Ceases to be in effect. Borrower shall pay the premiums required to
<br /> obtain coverage substantially equivalent to the mortgage insurance previowty in effect. at a cost substantially equivalent to the
<br /> cost to 8oramer of the mortgage insurance previously in effect, from an alternate mortgage insurer approved by Linder. If
<br /> substantially equivalent nxortcage insurance coverage is not available. Licrrow•er shall pay to l ceder each month a sum equal to
<br /> ono-twelfth of the vearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> tc in effect. Lender will accept, use a.-td retain these payments as a loss reserve in lief of mortgage insurance. Loss reserve
<br /> a
<br /> Form 3028 9190
<br /> Pepe , .16
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