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<br /> 5. l�azurc� ur Pro��rty Insurt�ucc. Borrnw�r tihall kccp �hc imprnvcmenty nnw cxititing �s7 hcr�ahcr crecteci nn thc
<br /> Properry invurccl against losti by firc, harstrds includcd withiu thc tcrm "cxtended ccrvcragc" and uny othcr hawrds, including =_
<br /> floods or flooding, for which Lcndcr rcquires insuroncc. Thiti insurancc tihall bc maintaincd in thc amuun[5 and for thc periods
<br /> thal l.cndcr rcquires. "fhc intiurunce carricr prc�viding thc insuruncc shall hc rho�cn hy Borrowcr�ubjcci tu L�ndcr's sipprow.tl _
<br /> �vhich shall nat bc unreusonably withhcld. If F3orruwcr I:iils to maintain eovcragc Jcscribcd abovc. Lmdcr may, at I.�:ndcr's _
<br /> „ , uption,ubwin covcr.�gc to protcct l.cndcr's rights in thc Pmperry in acc�rdancc widi paragrnph 7. _.
<br /> All inyurance pol�cicr and rene�vuly ,liul l be aucp�ublc tu l.cnder .u�d �hall include a �ctand,ird nim•tg.�ge clau+e. I.ender :"—
<br /> ,hall have thc right to hold thc policies and renewuls. If l.cndcr requires, f3orrower shtdl promptly gi��c to L.cnder aU rcceipts of __
<br /> . p��id premiunn and renewal nutices.ln the event of'loss,Borrower�hall give prompt notice to Uie in�urancc carrier and Lender. �
<br /> ,�.,.
<br /> I..cndcr may makc proof of loss if not madc pr�mptly by Borrower.
<br /> Unless LcnJcr and Dorrowcr othcrwisc agrcc in writing,insurancc pruccecis shull be applicd to resroration or repair of the �
<br /> Propeny dumagcd, if thc reswration iir rcpair is cconomically fcasibfe and Lcnder's sccurity is not Icss�neci. If the restoration ar ,s�...�
<br /> repair is nat econumically feusible or L.enJer'a�ecw�ity woulJ be Iessened, the intiuranee Proceeds shall hc applied to tl�e sums , ti���
<br /> cccural Uy this Sccurity Instrument, whcthcr nr not then duc, with any cxccss paid ta Borrowcr. If Borrowcr abandons the ,� ., ., .^:.
<br /> � Pro pert y, or docs nc�t answcr �vithin 30 days u notice Cram Lcndcr that thc insurancc carrier has offcred to setde a claim. then -�:.;-r ,.:, �•,;.._..
<br /> l.cndcr may collcct thc incurancc procccds. C.cndcr may usc Ihc procceds to repair or restorc the Property or to pay sums , ,,�
<br /> '�-,���
<br /> securui by this Securiry Instrument,whether or not then Jue.The 30-day period will oegin when the noticc is given. ,�; ,a'�;,`,'._:�'�-
<br /> � Unless Lender and Borrower othcnvise ugrec in writing, any application of� proceeds [o principal shsll not cxtend or ' ••�.:ti=�:>--
<br /> ,,:15 _��:��
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<br /> n�t nnc [hc due date oi the monthly paymcnts referred to in puragraphs I and 2 or change the amount of the payments. If ` J�1�_ -
<br /> under pnragraph 21 the Property is acyuired by L.ender. Borrower's right to any insurance palicies and prureeds ��esulting from �:,,r.�.,_..�� -_
<br /> Jamage to the Property prior to the acquisition shall pass to l.ender to the extent of the sums secured by this Security Instrument L"<;Wrt:;:��~�-=-�+�t`
<br /> �,—=
<br /> immcdiatcly prior tu thc acyuisitinn. "Yu
<br /> • h.Occupnncy. Pre.servatton. Ati►intenance und Protection of the Pr�perty;Horrower's Loan Appllcution;Lez►seholrls. � �----
<br /> Borrowcr shall orcupy.establish, and u.se the Property as Rorrower's princiQal residence within sixty days aftcr the execution of ����
<br /> thi, Securiry Instrument and shall continue io occupy the Pcopcny as Borrower's principal residenee for at least one yeur after �'�--------
<br /> � �he date iif��ccupancy.unless Lender othernise agrecs in writing, which consent shall not be unreasonably withheld, or unless �__
<br /> �� extenuuting circumstance� �xist which are bey�nd Horrower's rnntrol. Borrower shull not destroy, damage or impair the
<br /> ' Pmperty, uUow the Property to dcteriorace, ar commit waste on tlic Propeny. Borrower shall be in default if any forfeiwrc �
<br /> action or proceeding, whether civil or criminal, is begun thae in Lender's good faith judgment could result in forfeiwre of the �r
<br /> Pronertv or othcr�visc materiaUy impair the lic:n crcatcci by thiti Security Instn�ment or L.ender's security interest. Bonower may �,�;�
<br /> cure such a default and reinstate, as provideJ in paragraph 18,by causing the action or prua:uiiug iu be.i�����;s��w�.~a:ul:�S � �- ..
<br /> that, in L.endcr's good f�ith determination. precludes forfeiwrc of thc Borrowcr's intcrest in the Property or other materinl ���_ffi
<br /> � impairment of thc licn crcated by this Security Instrument or Lender's security interest. Borrower shall also be in default if ;;-^�:`•
<br /> Borrawer,during the laan application process,guve materially false or inaccurate informacion or statements to Lender(or failed '�'' �-
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<br /> to providc L.endcr with any matcrial information) in connection with the laan evidenced by the Note, including,but not limited -
<br /> '. tu, representa[ions concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a �;. . .
<br /> � Ieasehold, Borrower shall comply with ull the provisions of the Icase. If Borrower acquires fee tiQe to the Property, the ���;
<br /> � Ieasehold and the fce titic shall not mcrge unless Lcndcr agrce�to the mcrger in writing. _�
<br /> � 7.I'rotection of Ixnder's Righ�S in the Property.If Borrower fuils to perform thc covcnants and agrcemcnts containcd in .� .:�
<br /> this Sccurity Instrumenc. or there is a Iegal prncccding thut muy�ignificantly affect Lender's righcs in the Properry (such us a ,.:�
<br /> proceeding in hankruptcy. probate, fi�r condemnation or forfeiture or to enforce laws or regulatians), ihen Lender may do and �"
<br /> pay for whutever is necessary to protect the value of the Property •rnd Lender's rights in the Property. Lender's actiuns may .
<br /> , , include paying any sum� secured hy a lien which has priority over this Securiry Instrument, appeuring in coun, paying ,�ti _,�,.__.�
<br /> rcasonablc attorncys' fces and entcring un the Property to makc rcpairs. Although Lcndcr may tukc action undcr this puragraph .y �"',�
<br /> 7. Lcndcr d<�cs iiot huve to do so. '. � 4
<br /> - Any .imounts disbursed by Lender under this paragraph 7 tihall become additional dcbt of Borrower secured by this i�,� , l ,
<br /> Scrurity lnstrununt. Unles� Horrowcr and L,c�xlcr agrcc to other terms of paymcnt, the,c umounts shall bexr intcrest from the -7".�T �`
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<br /> date of disbursement at the Note rate and tihall bc payable, with mterest, upon noticc from Lcndcr to Borrower rcyu�sting �:4� ;, . ��'�
<br /> _ paymcnt. � �t���,�
<br /> S. Rtortku�;e Insurnnet�.If Lender reyuired mongage insurance ati a ronditiun uf making the luan secured by this Security . �y.;:�,7!
<br /> Imtivment, f3urrow�r shall pay the premiums rcyuireJ to maintain the mm�gage insurance in effect. If, for any rc.ison, the � + .:'v
<br /> , „ martNa�e insurance rover;�g� required by IxnJer lap�e���r ceases to be in effert. Borrower tihall pay the: prcmiums required to •������
<br /> uhu�in rovcr.igc+uh�tantiidly cyuivalcnt tu thc nu�rtguEc insurancc prc��iously in cffect, at u ro.t substantially cquivalcnt to thc . a+�
<br /> ro�t lo l3urrowcr of'thc mort�.agc imurancc prcviously in cffcct, from an altcrnatc ntortgagc insurcr approved by Lcndcr. It' �. �i�,
<br /> wh.tantially cquivalent mort�age intiuran�e co�•erage is nut avuilable. Burre�wer tihall pay to Lender cach munth a tium eyual to ,
<br /> unc•twclfth�,f the ycai9y mortgagc insurance prrmium hring puid hy Borrower when the intiuranre cciverage lapsed ur cra,ed to '..,��.
<br /> hc en el(cct. l.�ndrr�vill acccp�. wc and reiain lh�x paymrntti ati 3 lotiti rcacrvc in licu of mortgagc insuranrc. Lutiti rc>crvc �' �,
<br /> Form 3028 9190 i '
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