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<br /> 5.N�a�::vd nr�ropa.rty Ins�►►anee. Borrowcr shnll kcep tlic improvcments now cxisUng an c�rcaftcr crcctcd on�he Pro�eRy '��
<br />- insured aB�inst loss by fira.harar�Inscurancc.Th�s1insw�ar►c�,a shall be maintaincA in thc amounts�Caod for tho pc ieds t at L.cndar � lv
<br /> tloodln�,fm which Lendcr rcqulr •
<br /> �• : rec�uims.Ths lnsumnce carrler providing the insuran��n��Vetrago descdbed ul�ove, Lend may.rat al.enAc s oipdonho tain .
<br /> • :���• be iuiraaso�,ably withhcld. If Ytorrowcr faiL9 w ,
<br /> . . ' �� coveraga m protxt Lender's righis in the PrapertY in c�ccordnnce with ptungraPh 7.
<br /> �' p111nsurarKC policies and renewels shall bo accepiable to Lender and shuU include a standard�rt�der aU r pts of paid .
<br /> have tho right ta hold the poGcies and renewals. If Lender mquires.Bonower shall promptly g'
<br />;. �� premiums and renowal notices.In Ihe ovent of loss,Bartower sh�ll givo prompt notice to�e insurence carrier a�►d Lender.L�ender �
<br /> may malcc proof of loss if not rc�ade promptly by Borrowcr. ,. ,
<br /> � Unlass L.ender and Borrower othcawise aSree in WndnB��nsur�nce p�g shell be a�plicd to reswradon oe repair of�t►e ;
<br /> ,. p��p�ny damaged,if the restoradun or rcpair is ecanomically fcasivle and I.ender's securlty is nat Iessencd.If u���e siuns :.,�'+�;. ,
<br /> i.. m;�ai�is nvt ocanomically feasible or L,ender's securiry would 6e lessened,Q►e insuranc�e proceeds shall be apP� , � - .'
<br /> _„� �u,��,�yy �uq S�u�ry Insmunent, wbether or not ihen due,with any excess paid to Borrower.If Barrowcr abandona the . '�
<br /> Paa}a�.�rty.a�du�r►�t unswer withir►30 days a nouce from Lender that the insurance carrier hf►s offeced to settic a clsim.�hcn a,�..,.�x,-.
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<br /> ;,� I.�n��e m;y cc�t�:r.e d�2 insurance proceeds.Lender may use the proceeds to repair or restore the R�apecty or to pay sums securr,cl �;`���,�,�
<br /> _ `' by��g��ri�j,u�s�m��,whcther or not then due.'Il�e 30-duy pe:riod will begin when the notice is given. t_ , . .
<br />°'��� UaSses L�n:1r�ansl h3�mnwer othecwise agce in writing,any aPp��non of proceeds to principa]shall not extend or postpone , i ;'K.�.r,,.;,�;,:
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<br />' ttne d�u�c�r���f t�hc mnnihly payments referred to in Par�gaPhs 1 and 2 or chnnge the amount of the payments.If under para$raph . :;,,y,-.,,�-,lL.4.__
<br /> � 21 d�e L'r,��ea2�' �s acquued by Leudea.Boirower's right to �r►9 insurance polleies and prac^�.:.ds resulting from dama8e W the `t, r;�'.�:;,".�',�-—
<br /> � �i,;•:����':::�..�n
<br />. , :';,:�`;;',:,:`. • Pro�.,rt�,�arior t4 tfie acquisition shall gass w Lender to the extent of the sums secured by this Seciuity Insuument immediately :,;c,,,;;;..,.,.�_�
<br /> ;����;� prlcrc to r1�t a�quisidon. � � �' '�;,';°���•
<br /> . ���;�: ,' b.�p�ncy,preservotion,Maintenance and Protectlon of the Properdy; Borrower's l.oan Application;Leasebo{ds. t1. �_,..,:,'':`
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<br /> � • •.� Berrra�n��s3ll occupy�establish�and use the PropertY as B°,.��v as,Borrowe�r's Dnncipal�residence for�al l,ast oneeyear nfoer the . ���t, � .�
<br />" -- `� Ill'1g.SCC41711Y!IlSUUIRCIU Slla Silitjl 4vicisi�iiG 2�3' ri�.^Ctl(Jj'SIlC P!'_�---. `h?•',1�1 �
<br /> ,'" date of ncr.upancy, unless Lender otherwise agrees in writin8� wt►�ch wnsent shall not bu unreasonably withnaid,or unlcss '�,'�„�y� '
<br /> �c��rg��,rr,rimstanCes exist which are beyond Borrower's control.Bonower shall not destroy,dtunoga oT imP��e�OPcrtY� �,.,..;,,{
<br /> altov� tlx;Property eo deteriorate, or commit waste on the PropenY• Bonower shaU be in default if nny forfeiture action or . Y�
<br /> . proceecling,whett►er civil or criminal, is Isegun that in Ler►der's good faith judgment could reault in forfeiwre of the Pcoperty or r'_�.T
<br /> o��i���ially impair the lien created by thls Sccurity Instrumcnt or Lcader's security interesG Bocn�wer may cuce such a „ , .,
<br /> default and cefnstate.as provided in paragraPh 18. by causing the ecuon or proceedin8 to be d�smissed with a ruling that.in %.q,,,� R
<br /> � Lcndu's good faith determinatlon,precludes forfeiwro af the boaower's interest in�ha Pro{rrty or other mate�rial imPaircnent of
<br /> the�kn cresud by�his Sc�curity Insuumcnt or Lendcr's sccurity inccrest•Bocrowce shall also be in default if Docrower.during the .�^+' 4r' •'
<br /> . loan appllcation process,�ave materially false or inaccurute[ceformudon or smtcments to 1-.endea(ar Fni�ed w provide l.ender with
<br />: •� ,u,y r„a;c;;a: inforas:.don) Ire e^nnest±on wi�h �he loan evidenced by the Note, including, but not limited to, represenmtions ��.�. �
<br /> conoeming Borrower's occupancy of the Property es e principal residence.If this Security Insuumsnt is on a le�sef�uW,Su,iuwcr �
<br /> ' shaU comply wid�all the provisions of the lease.If Bortower acquires fee dua to ihe Pc°pettY,th°leasehold and the fee tide shall T��;
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<br /> nat merge uNess I.cnder agrecs to the merg�r in writinB• • l-,%; �. ,.-
<br /> , 7.F'rote�tbn of Lender's Rtghts in thc Property. If Borrower fails to perfom►Ihc covcnants nnd a�reements contained in _ ,..�,.,�.
<br /> th�s Security Instmmen�or theie is a legal proceed'n►8 ehat may significandy affect Lender's rights in Ihe Propecty(such �a :.
<br /> L� .�• p�ding in bankruptcy,probate toz condemnation or forfeiture or to enforce laws or reg��uions),then Lender may do and pay �� r•.
<br /> � Lender's actians ma include
<br /> ,q for whusever is necessary co pratect�fie valce of the Propercy nnd T.ender's righu in the ProPertY. � �� PaY�B �nable
<br />'�'� � in en svms sccured by a lien which has priority over this Security Instnunent, aApeacinB
<br />_ .. ,. ' n under thLs aca h 7.Lender � , ^� .
<br /> ,�. PaY 8 .Y to make repairs.Alihough Lender may take act�o P B�P � 'i4.
<br /> �.:,:`;: . attorn�ys fces and entering om the PropertY � , ,. „
<br />-� � does e:at have to do so. `�'" '
<br />'� ' Any�nounts disburscd by L,ender under this paragraph 7 shall become additional debt of Bonower secured bY this Sccuriry
<br />� ' Insururnent Unless Borcawer and Lcnder agree w other terms of payment,these amounts shall bear interrst from �hc date of f .
<br /> disbutsement at the Note rate and shall b�payable,with interest,aPon notice from Lender to Borrower ceq�esang paymen� I
<br /> 8.Mortgage Insurana. If Lender required mo�tgage insurance as e condidon of mtdcing the loan sccured hy th�s S���Y I .
<br />= ' ' Instmment, Bormwer shall pay the premiums required lo main�in the mortgage ins�u:u�ce in effec�. If, for any reason. tlie
<br /> - mortgagc inswnnce coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to I
<br />`�". obtain cflverage substantially equivalent to the mortguge insurance previously in e£fecc.at a cost substantuslly equivatent to the
<br /> cos!to Borrower of tho mongage ir+surance previously in effect, from an altemate mortgage insurer approved by Lender. If
<br />— subssantially�quivalent morlgage insurance covcrage is not availablc,Borrower sh�ll pay to Lender each month a s�m cqual to �
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<br /> onGtwelfth of the yearly mortgage insurance premium being paid by Buerc�wer when the insurance coverage lapsed or ceased co .
<br /> • ents as a loss reserve in lieu of mongage insurancc. Loss reservc i
<br /> : ., , bc in effec�Lerder will acceP�usc ond retain thcse paym I
<br /> � Form 3028 9190 ,
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