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<br /> :,- ���rr�� 5. HUZnrd or Peoperty Insurnnce. Barro►ver fihnll kctp thc improvemenW nuw exl��ing or hemaRcr created an the
<br /> � _ __ _ Property insurcd u�ainst loss by firc, hnmrds trtduded witliin the tcrm "extcndcd coveragc"u�td a�y other huwrds. including
<br /> ---- tlooda or fluadfig. far which l.endc�rcyuinw insurunce. 'fhis insurance shufl!x+maintnined in the nmauntR ond for ti►e parEads
<br /> thut Lcndc��equires.The insurance carricr praviding the insumnce Rhull bc chosen by Borrow�r subJect to I.ender's npprovnl
<br /> which shatl nat be unmatsonably withheld. If Barrawer fuils to maintuin wverage described ubove. l.ender may. at i.ender's
<br /> :, — aption.abmin covernge to prc�tect L.cndc�'s rights in the Praperty in uccuMuncc with pamgrnph 7.
<br />- _ ---_--�� All inwranca: paUcies and ruticwai�sl�U be ucccptubie to[.enJcr u�tiJ nhuil in�lude u �tundurJ mortgagc etause. Lender a-=
<br /> _ ehall hnvc the�ight to hald ttie palicl�s�utd rcnewals.lf Lcnder requires,aarrowcr ehall prompdy give ta Lender a11 recelpta of
<br /> � patd premiums and renewal naticc�. In the evem��f loss.Baaower shall give pmmpt natice ta the insurnnce currier und Lender. _
<br /> �; l.ender nmy make proaf af losn if not made pmmptly by tMrrawer.
<br /> Unless[.en�er nnd Borrawcr othcrwise agrec in wr�ting. insurance proceeds shall!�e applied to restorntion or repair of the
<br /> Property damaged.if the restomtian or repair is economically feasible au►d l.ender's securlty is not le�sened.If the restamtton or
<br /> � rcpair is not ecanamlcully feasible or Lender's security wauld bc lessened.thc insurnnce procceds sh�l!bc applial to the sums -
<br /> � . ei�ii�a; �.y i�E,.°n'.:u�tj Sa;sra�:s..^s:t. :tltctlsar ar aot thcss 9u�,:•,filt sny e+tceas�i�t rn Rnrmwrr If A�rmwer ahnndnna the
<br /> Property.or does not answer within 30 days a natice ftim i.enJer that the iosur�►nce currler has offered to setde a ctaim,then
<br /> . '.i,i�'r.,.'"' Lender may coUect the insurance pracceds. I.ender mny uce the pr�s to repair or restore the Pmperty or ta pay sums —
<br /> �'e:�.• secured by this Security Instrument.whether ar not then due.The 30-duy period will begin when the nottce is given.
<br /> ; � }'��>�} Unless Lender and Borrower othenvir,e ugree in wrldng,nny applicutiun af procceds to pr�ncipal sh�ll not extend or
<br /> '� ;- r t�a, postponc the due date of the monthly payments refern� to in parAgraphs l und 2 or chunse the amount of the payments. If
<br /> _ L�`:i:�=:a'.:��;-.y under parauruph 21 the Propertv is ucquired bv l.ender. �3arrowcr's r�ght to any insurance policles and prcxeeds resu�ting from �—
<br /> "x: •�, • . :,• � dama�e to the Property�rlor to the ucquisitton shall pass to l,ender to the extent af the sums secured by this Secudty Instmment
<br /> � . , � immediutety prfor to the acquisition.
<br /> � 6.Occupancy,Preservation,Maintenance and Protection of the Pmperty;Borrower's I.oan Application;I.easeholds.
<br /> • � Horrower shall nccupy,eswblish.And use the Propeny os Borrower's principal resldence within sixry days ufter the execution af
<br /> . '. this Security Instrucnent and shall continue ta occupy the Property a�Borrower's princlpal residence far at leust one year after
<br /> • ' the date of occupancy. unle�s L.ender otherwise agrees in writing, which consent shall not be unreasonably withheld.ar unless �
<br /> ' ^ extenuating circumstunces exist which nre beyond Borrower's contmL &►rrower shall not destroy, duma�e or impair the =
<br /> ' Property, allow the Property to dcteriorate. or cammit waste on the Property. Aorrawcr shnll be in default if eny forfeiture
<br /> , . , actian or proceeding, whether civil or crim[nal, is begun that in Lender's good fuith judgment could result in forfeiture of the �
<br /> �`' PropeRy or otherwise materially impair the lien creuted by this Security Instrument or Lender's security interest. Borrower muy .
<br /> R�::�.
<br /> cun:such a deiuult und rein+WCC,us provideci in paragraph l8, by causing t6c action or proceedin�co be dismissed wi[i�a ruiing °
<br /> that, in Lender's€aod•fuith detcrmination, prccludes fartciture nt che Borrower's interest in thc Property or other muterial ��
<br /> � impairment of the lien created by this Security [nstrument or I.endcr's security intcrest. Bormwer shull nlsa be in defuult if
<br /> • ' � � Bonower,dur[ng the lonn application pracess,gave materially fal�e or inaccu�ate informutian ar statements to l.ender(or faitcd .'�`'
<br /> W pruvide[.cnder with uny materiul information)in connection with thc loan evidenced by the Note. including,but not limited
<br /> to, repre+entations concerning Borrower'x occupuncy of the Property as u principal residence.If this Security Instrument is on a , y::,;
<br /> • lcaseh��ld. Borrower shull comply with all thc proviyinns of thc Icasc. If Bormwer ucquires fee title to thc Property, the _
<br /> ,_ leasehold und the fec title shall not mergc unless L.ender ugrees ta the mcrgcr in writin�.
<br /> ' , � 7. Protection ot I.ender•s Ri�hts in the Property.If&�rrower fuils to perfarm the covenantti and agreements contuined in
<br /> thiti Security Instrument, or there is a legal proceeding that may.igniticantly uffect [.ender'�rights in the Pmpeay (such as a
<br /> � pmceeding in bankruptcy,probatc, ti�r condcmnation ar fodciturc or ti�enti>rre I•rwti or rc�±ulutionti), then Lender may do und
<br /> ° " •� pay fiir whatevcr iti nece�sary tn prntcrt thc value uf thc Propcny und Lender's rightti in the Property. Lender's actions may
<br /> includc paying any .ums �ccurcni by a licn which ha. priuriry uvcr thi. Srrurity Instrumcnt, uppcaring in caurt, paying
<br /> „ �� rcu.tionablc attomcys'fcc+and cnterinE un tlic Pruperty tci makc rcpair.. Although Lcndcr may takc action undcr this paragraph
<br /> 7,Lcnder doe+not have t��do u�.
<br /> Any umnunt. disbuncd by Lcndcr undcr thi� paragra�h 7 ,hall h��nmr aJditiimal dcbt ��f Borrowcr k�ured by this "
<br /> • ° Scruriry [mtn�me�t. Unle�� Bc�rrowcr and I.ender agrce to othcr trrni,o!'payment, the�e amount�shull bcar interest fmm the ..
<br /> datc of disbuncmcnt at thc Nntc ratc and �hall bc payabte. ��ith interetit, upun noticc fa�m i.rndrr tu B��rruwer requestin� „
<br /> paymcnt.
<br /> •- ° 8. :1lorl�uge intiurunee. If l.rndcr reyuired mung:�gr in�uranrr��•u r�mrlitinn��t maki►��thr b.;m.erureci hy thic Security
<br /> In.tniment, &�rrower shall pa� thc premium. rcquircd tc�maintain the mortgagc insurarx� in cffcrt. IC, for any reason, the �
<br /> mung•rge intiurancc ruvrragc rcyuireJ by LrnJer lap+r���c«.ur�to hr in efCcrt, Buttuwrr ,hall pay thc pmmium, reyuired to �
<br /> nbtain a+veruge�uhtitantially cyuivalrnt to thc mortgage in+uranrc prc�•iau�ly in cffcrt, at a ro�t �ub�tuntially cyui��alent to the
<br /> • catit to &�rrowcr of the nx�rtgagc inwranrc prcvi��u.l�• in cftcct. t'rum an xltcrn:itr m��ngagc inwrcr approved by Lendcr. if
<br /> whtitantiaUy ryuivalent mortgagc inaurancc ruvcra�r i.nut availahlr. Borrc�µ•rr.hall pay ti� Lcndcr rarh month�.um cyual tc�
<br /> ' ime-twrlfth of thr ycarly nwn�!ugr inwranrc premium hcinE{�+aid h�• Burrua•cr a•hen thr in.uranre ru��crage lapsed�n rc�s.«�ci t�� �
<br /> tk in effect. I.eneler a�iU ucrept,u�c anJ rctain the.r p,��•mrm. ,i. a lu,. re�en-e in lir� :�f nwngagr inwrunrc. Lus� re+erve
<br /> form 3028 9��0
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