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<br /> 5.Huard or Property Insurwice. Borrowcr ahall kecp the improvcmcnts nnw eaisur►g or hercaf�eR erectcd c�n U�c Propcety � �
<br /> � insured eguinst loss by fue, ha�ards iu�cludcd within the tecm "eatendcd coveragc" and ony othex haxards, incluSing floods ur ;�,
<br /> tlaxling,for whlch Lcnder res�uires insurance.This tnsuranc:c st�l�t�C mnintained in thc tuY�ounts end ior the perinds thut Lendcr � .
<br /> � rcquircy.The insurance carricr providing thc insurance shaU be choscn by Botrowcr si�bjcct to 1[.ender's approval which shall not „
<br /> �� • ✓., bo unreavonably withheld. If Horrower fails to mnintain coverage desr.ribcd abova, Lender mt�y, at Lender's option, obtnin I ,
<br /> . coverage to protoct l.cndrr's rights in tho Prope�ty in accordance with p�raph 7. e clause.Lender shall � . ' ' �. "
<br /> AU c�sutance Pollcies and reaiswals shall be acceptuble to I.endec and sltall includn a standar�mortgag � .
<br /> havo tha righl tA hold t�c poGcles and renewals. If I..cnder rcquires,Hoaowcr shaU�SrompAy��ve to l.ender all rcxeipts of paid i
<br /> � premiumr and renewal nodces.In tho event af loss,Boirowcr shall give prompi natir.e to Uie insurance canler and Lcndcr.Lender
<br /> rnay make pro�f of lass if not made prcmptly dy Aoaowcr. • ,
<br /> . ., Un{eas Lender and Ronower otherwise agmo in writing,insurance prceeeds shall be aPplied m resWradon or repair af the �
<br />- . p�op�ty dan�agdl,if the restora��n or repair is econamically feasible and L.eneter's security is not lessened.If the ressoration or ,
<br /> , . . re,pair is not econo�uically feasibto or Lcnd:�'s :xurity�vould be l�..SSCned,the ins�uance procceds shall be applied co the sums „:•• ..,_
<br /> ` securoQ by thlg Security Insmunent, whether or not thcn due. with any eacess paid to Borrower.IF Borrower abandons the j „ �
<br />_� properey,or does nat answer wi t h i n 3 0 d.ays e no dce f ro m L e n d e r t h a t t h e i n s u r a n c e c a r r ier has offercd to settle a claim.then ' �w�-!�+��ti'
<br /> r;� • I.ender may coll�cc the insurance praceeds.Lendct may use[he proceeds co repair or restore tha Property or w pay sums securec! . „
<br /> - ' � by this Sectuitiy lasuumc�►t,whei,5ei or nat thcn duc.'ll�e 30-day period will beEln when 1he nodce is given. •.
<br />- U�1ess Lendei and Borcawer otherwise agree in writu►g,any application of procerds to principal shall not eartend or pc�stpone .�`': _
<br /> dx dve date of�he monthly payments referred to in paragr�pha 1 and 2 or chenge the amount of the payments.If undes pa�raph .
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<br /> 21 the Propactv is acquired by L,ender,Borrower's right to any insurancc policies and pmce,eds resuldng &om darnlge eo thr. ,
<br /> ' ass to Lender w U�r,extent of the sums secumd by this Sec�uity Insttument immediately " " ,�si��
<br /> •; p t a p e�t y p ri o r t o t h e a c q u�s i a o n s h a ll p
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<br /> •��'' prior to the acqulsition. Y
<br /> �•� 6.Occu paacye���'�'a�+M�intenance aod Protection o!the PnupePty; Borrower's I.oan Appticationi Lepse6okfs.
<br /> �sonower sa�ti�.��',W"ialS;ia:.�st�us^.:fs.^,p•^�ny Nc Annower's princi�al residence within sixty days after the executi o n o f "';��
<br /> this gecurity Inst�umant and shall wnuinue to eccupy the Property as Borrower's principal residence for at least one yesu eftes the
<br /> date of occupancy. ►udess I.ender otherni�e�rees in wriUu�g, which consent shall noi be unreaso��ably withhel�eo�ess f . .,:,:`
<br /> � ` �'` �� extenuntu�B circumstaciccs exist which are beyond Borrower's control.Boarcflwer shall not deslroy.damage or impair I�1� 3,
<br /> � Borrower shall M: in defatilt if eny forfeiture acdon c�r - '� �"� '
<br /> �ow Uxs property to deteriorate.or commit wa�.e on the Property. ��,
<br /> rora�edina,whether civil or cciminal,is beBw► that u►i.enti�r's good faith judgment could result in forfeipue of the Prmperty or ���. `
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<br /> ot�erwise materiaUy impair tho lien created by this 5ecurity Inswment or I.snder's securiry intcrosG Borrower may�►ue such a ,.
<br /> default and reinstat�e. as pmvided in paragreph 18. by cuusing the acdon or proce.eding to be dismissed wit� a culing tl�at,In ,.' . I. `:
<br /> Lcnder's good faith determinauon,preclades forfeiaue of�he Borrower's interest ui the P,roperty or othcr mateiial impaicment of �,, ''
<br /> ths lien creau:d by this Securiry Instrumcnt or L.cnder's security interesG IIorrower shnll a�so b�in default if Borrowes.daring the �+���..,
<br /> loan application process,gave mnterially fs�LLse or inaccurate information or statements to Lender(or failed to provide Lender with •� . �,•.
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<br /> any macerial information) in coMecdon wiU� the loan evidenced by the Note. inciuding, but not limiced to. representations i ;: .� :,
<br /> . . :;, ,� concemin8 Boerower's occupancy of tTne Property as a principal residence.If this 5eciuity Instzument is on a leasehold.Borrower � ..;�' ,�`-
<br /> :.� g��1J comply with nll the provi�ions of thC leas�.If Horrower acquires fee ade to the Propu�ty.the leasshold and the fce lide shaU � �.
<br /> not m�rge unless x,ender agcecs to the mcrger in writin8• �
<br /> � ° 7,protection ot Leoder's Rights in the Property. 1f Bocrower faiLs to perform the covenants artd agreements contained in � ��
<br />� � this Secarity Instzument,or there is a legal pr�oceeding t�ut may significandy affect Lender's rights in the Propeaty(such as a i
<br /> pe,oceeding in Uaniccuptcy,probate,for condemnaaon or forfeiture or to enforce laws or requladons),then Lender may do and pay j
<br /> •:h=;�. for whtrcever is neoessary co protect the velue of the Property and Lender's rights in the Property.Lender's actions may incl�e
<br /> s:� in court,PaYing rcasonable ;
<br />= paying any sums securec! by a llen which has priority aver this Security Insuument, appearing „`
<br />° ;t_'. � auomeys' fees end entering an tlie Pcaperty tv makc repairs. Although Lender may take acaon nnder this paragraph 7.Lender
<br />- does not have w do so.
<br />- Any amountt3 dlsbursed by L.ender unria this�art�gcaph 7 shall become additional debt of Borrower secumd by this Security ,
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<br /> Insuumen� Ualess Botrowcr and Lender ag�ee to athcr terms of pziy�nen� these amounts shall tear interest from the datc of ,
<br /> disburscment at the Nota rato and shall be payablc,with intemst,upon notice from Lcndcr to gorrowc�cequestin�payment •
<br /> 8.Mortgage Iosura�x. If Lender aequired mortg�e insurance as a condition of making the loan securecl by this Security
<br /> .� Instaumcnt, BorrowEr shall pay d�e premiums rcquired tn maintain the mongage insumnce [n effec4 If, for any rcason, thc
<br />=� � mottgage ins�coverage required bY Lender IaPses or ceases tn be in effect,Bocrower shall pay the premiums required w
<br />�� obtain covua8e�ubr.,t:�n�allY rAuivalent tn tlie mortguge insurance previously in effect,at a cost subsmntially equivalent to rhe
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<br /> = cost to Bomnwer of the ram�gage insurance previousty in effect, from an alten►ate mongage insuner approved by Lender.
<br />- subsmntiallY Wuiva{cnt moet,��e insuiancc coverage is not available,Borrowcr shall pay to Lcnder each month a sum cx�ual to
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<br /> ono-twelfth of thc ycarly martgUge insurancc Prci►►ium being paid by Borrowcr whcn thc insurancc coverage lapscd or ccased eo ,
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<br /> . be in effec�. Lendtr will accep�use and cetain theso Fayments as a loss rescrve in l�cu of mongnge insw�ar►ce. L.oss rescr�e
<br /> �_ Form 5020 9l90
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<br />-� _ ... -- �•SR(KE)192i2) Pe •�olo
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