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<br /> ' ' " 5. Hnr.urd ��r Prt+perty lnsurpnce. parrower shall kcep [hc i�np�uvcmcntr na�v cxistinb ��r L•ceeafter crectai nn tlie �'".'�
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<br /> _ :� Pmperty insurcd a�ainE.t.loss by firc, hatards includcd within thc tcnn 'cxtcndc�i covcragc" und any othcr httrards, including
<br />--� � floods ur flunding, for which Lcndcr rcquires insurancc. This insur.nicc shull bc maintuinal in thc amomns nnd for tl►c pericxls
<br /> - ' �;�"`'�"�.-'=�' that l,endcr rcquires. Thc insurancc carricr providing thc insursincc shall bc clioscn by Borrowcr subjcct to l..c;ndcr's uppr�vnl
<br /> �'' '��.r�: which shaU not bc unrcxsonably withheld. lf Borrnwcr fails to iuuintuin cuvcragc describcd ubnvc. Lendcr cnay. Ut I..endcr's
<br /> _. , option,ubtc�in cavcrugc to protect Lcndcr's rights in thc Property in accordancc wich paragnph 7•
<br /> " � All insurance policies and renewals shsll be acceptable to L,c:nder aud shall include:� stundard mnrtguEe el:suse. I.ender _
<br />_ . shall have thc ri��`i re cwal�n�otce'ticfln d cdeve t of loss. Harnwer�li U gB e pmi pthnotice t�the n�uancc carrierla�vJl nderf
<br />_� paid prcmn�ms�tn
<br /> Lendcr may makc proof of loss if not madc prompdy by Darrowcr.
<br /> _,..,, . .i Unless I.a:nder and Borro�ver otherwise agree in writing, insurancc procceds shall be app�icd to restorntion or rep3ir of die
<br /> _;;r;:' � , i;°..`�i� Prope�Ky dumt�ged,if the restontion or rcpair is economically feasihle and L.ender's sceu�•iry is nut lessened.If the restorntian or
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<br /> — t•�.�:��,,.• �•epair is not cconorr�ics�lly fessible rn� I.ender's securiry would be tessened. the insurance proceeds shall be applied to t e sums
<br />'—. � : }�,'s��;;`;��,,�;. secured by this Se�curity Icistnirnent, whether or not then du�., with any excess paid to Uorrower. If Burru�ver abaadons ►lie
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<br /> � ' `;'•-`� ° Property,or does rut answer �vithin 30 days a natice from Lender that the in.vurance c.lmer has offered to setde a claim, then
<br /> ::�.` . :;•;,°.;
<br /> „��s:::•.� Lend4r mu}• collect tP�e insurance proceeds. L.ender ntay use the proceeds to repair ur restore the Property or to pay sums
<br /> � , secured by fhis SecuriRy[nstrument,whether nr nnt then due. d'he 30•day penod will begin when the notice is given.
<br /> "-:� ,/ Unless ln:ndcr anJ Go�iuwer uthcrwise agree in writing, any npplication of proceeds to principal shall not exterzd or
<br />-- � postpone the due datn of the monthly payments rcferred to in paragraphs I und Z or cliangc thc amouni of the pttymcnts. if
<br /> - �'+Ti�� undcr paragraph 21 thc Propcny is acquired by Lcndcr, Borrowcr's right to any insurancc policics and procccds resulting from
<br /> - '�=' dunu+gc to thc Property prior to the acyuisitirni sh.di pass to Lcnder to the extent of the sums securcJ by this Security Insttunxnt
<br /> _ "; ' immcJiatcly prior w thc acquisition.
<br />-- Y G. (kcu�ancy�, Nresern►tiun� Rinintenance nnci Protcction of thc Prope�tY; Iinrm+�er's I.�►c►n Appl�catlun; I.c�.�eFeold9.
<br />"' . _'�� ..,.,,...�.i,��n�„•,•��n� r.�:�bli�h. and use thc Pruperry as Sorrowrr's princip;►I residence within sixty duys nftcr the exctvtio�s of
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<br /> _ , , this Security lustrument.md ,hall continue to nccupy tlic Propeny ns Borro�ver's principai resiuc�i�r ivi at =eas:::;�3rsr «�.*'
<br /> :,,,t, thc dutc of ucrupnncy, unlcrs Ix�idcr uthcrwi�c agrccs in writing. �vhich conscnt shaU not bc unruisunnbly withhelJ, or unlass
<br /> " � ',� extenuiuing cireumt,timces exitit which arc heyunJ Ilorrow�.r's rontrul. Borrower shull not destruy. damage or impair the
<br />__ •�y�, Property, ullow th�+ Nropcity to dctcriuratc, or commit �v+istc on tlic Pruperry. Borrowcr shall bc in default if any furfeiturc
<br /> . � actiun ur proceufin�, �vhether civil or rriminal, iti begun thut in l.ender's good faith judFment c�uld result in forfeituro c�f the
<br />-- ' .' 'T���� Property i�r othero�isr.materially impair the lien created by this Security Instrumznt or Lender's securiry interest.Ban'otiver tnay
<br />� � ' ` �� ' cure such a def+u�lt anJ rcinstaie. as provided in paragmph IS.by causing the action or proceeding tu be dismissed�ti•ith a rulinQ
<br />'" �� , that. in C.endcr'. gond faith detcrminntion, precludes torfeituro of thc Borrowc;r's inferest in the Properly or other nz�tcri�l ��
<br /> = impairmcnt af the licn crcated by this Security Instrumcnt or l.ender's security interest. IIurrowcr shall utso be in defaalt if
<br /> '. ' ' Borrowcr, durinp thu loan application process, gavr:materially fulse or inaccurate information ur statements to Lender(or failed
<br /> � •., : ' . � to providc I..�:ndcr�vith any matcrial information)in conncction with thc loan cvidcnccd by thc Notc,including,but not limited
<br />� ' ' to,representati��n�:r.oncerning Borrower's occupancy of die Property as a principal residence. li this Security Instrtunent is on a
<br />_,� , �. ,;,_ ;, � leasch�ld, B��rroN�er shall comply with all thc provisions of the Iease. If Borru�vcr acc�uires f:e title to t4e Property, the
<br /> -° " leaschold und thc tcc tide shull not mcrge unless Lender agrees to the mer�cr in writing.
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<br /> s�� �.�.:.'�- 7.Yrotectiun�aff Lender's Rights in tlie Property.If Borrower fails to perform the coven;uus and agreements contained in
<br /> �`�_' � '�''``��`�'°• ''' this Security In�tr•.iment, or there is a Iegal proceeciing that may significsntly affect L.ender's rights in the Property (such as a
<br />� :�;':f� .
<br /> proceeding in b:mktuptcy,prabate, for condemnation or forfeiture or to enfarce laws or regulations),then I.ender may do and
<br /> " .. � pay for wh�itever is necessary to protect the value of the Property and l.ender's rights in the Prope►1y. L.ender's uction�s y ag
<br />- include p�iyin� uny sunts securcd hy u lien which has priority over this Security Instrument, appearing in court, a in
<br /> �" . reasonable.utorneys' fces and entering on the Propeny tu make repair�. Although Lender may t:ilce action under this paragraph
<br /> -- 7,L.endcr docs nut havc to da so.
<br />"` � � ! . Any amiiunt�; disburseJ by l.endcr undcr this paragraph '7 shall bcromc additiunal debt of Bonower secured by this
<br /> _ • Securoty Instrument. Unlcss Borrower and Isnder agrcc to other tcrms uf payment, these amounts shull bcar interest from the �.
<br /> date of disbur:tement at thc Notc ratc and shall be payablc. wiNi intcrest. upon noticc from l.cnder to IIorrowcr mqucsting _
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<br /> �x , paymcnt. T
<br /> S.Mori}�a�te Insurnnce.If Lender required mortgage insurance as a cemdition ut' mxking die loan secured by this Security �d__�
<br /> "'� ' Instrumcnt. Bormwer xhall pay the prcntiums reyuired tu maintain the mortgage insurnncc in effect. If, for any reason, the
<br />=��. mortgage in�ur�na. coveragc requircd by Lcnder lupses ur rcases to be in effect, B�rrrnvcr tihall pay the premiums rcyuirecf to
<br /> YsiF ob[ain covcnigc hubtitunti:dly cyuiv;ilcnt to thc morcga�c insurancc prcviously in cffcct,at u cost substuntially cyui��alent to the
<br />� cost to[3urrou•er uf'the mortgage insurance previously in effect, from an alternate mortgage insurer appro��ed by Lender. If
<br /> �� substantiully cquivalcnt�nortgagc insurancc covcragc is not availabla Bum��vcr shall pay to IAndcr cach month a sum cyual to
<br /> ' ' � one-twclfth of the yearly mortgage insurance premium being paid by Borruwer wtun tiu intiurancc coverage lapsed eir ceascd to
<br /> � be in effect. La:nder will xccept, usc nnd retuin these paymcnts as a los.r• rescrvti in licu of' murtyage insurancc. Loss reservc
<br /> �- --- -:-'- ----�-- Fo►m 3028 9/90
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