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<br /> 5. Ha�wd or Pro{xrty L�u�nce, BonQ'ti'�r tihAll kcep Ui� inipravemcn�e nAV� existing an c�rcaftet crxted c�n tho
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<br /> Property insur�cl a�ninst loss bN fire, hazurds includexl within the term "extendaf c��ua8o" a►x1 any other t►szards. incl�on�
<br /> ________ _- � Th'ts in5ur..ncc shn11 bc n�lntnined in Qie umounts nnd for tlupe
<br /> flonds or flootling,for which l,cmirr ��eyuir�:�insuranc�. —
<br /> thut l.ender requires. The insurance currier providing the insuruncc shall be chusen by Barrower subje�t to i.ender's spprovul
<br /> ���� which shall not bc unrcasonably withhcld. IF Burrowcr fnils to mair.rnin coverage dcscribed abovc, Le►xlcr may, at I.ender's
<br /> �ption,obtain caverage to pmtect Lcr��lcr's rights in the Pra�perty in accordanco w�th paru�roPh 7•
<br /> Atl insurance polici�s and renewals shall be ucceptable to Le:nd�r and shall inclade u atandnrd rnortgagz clause. I.ender
<br /> shall have the right to I�old the palicies a�xi renew:►Is. If Lender requires.
<br /> Bnrrower sUs11 promptly givc to I.endcr nll rec�ipts of
<br /> � paid premiums and renewnl notices.iu the cvcnt of loss,[3orrower shall give prompt notice eo tha insurance carrier and L.e�der•
<br /> Lcndcr may nt�lce proc�F of loss if not m;ule prompdY bY Borrower.
<br /> Uisless Lender and Borrower atherwise:�gree in writing,insurance pmceeGs ci�nl!be upplied to restaration or repaic of the
<br /> Propeny damagul,if the re�toration or repair is economtcally feasiblz nnd l�nder's securiry is not Iessened.lf die restoration or
<br /> repair ts nut economicaUy feasible or Lend�r's security wauld be lessened. the insurance proceeds sh�ll be applied to the surns
<br /> sa;ured by this Se�curiry lnstrument. whether or not then due, with any excess paid to Borrower. [f Borrower nbm�dons the
<br /> . Property, or dnes not answcr within 30 days u notice fro�r�Lender that tha insurance carrier has offered to setde a clairn,then
<br /> I.ender may collect the insurunce proceeds. L.ender mny uss tlie proceeds to repair or restore the Praperty ar to pay sums
<br /> — secured by this 5ecurity Instrument,whether ar not then due.The 30•day period will begin��hen the notice is given.
<br />__--_--�_? Unless i.�:nder and ti�no�ver othenvise a�ree in writing, any applicutton of proca.°ds to princip�l shall not e�.tend or i-
<br />-- --_�= postpane the due date of thc �nonthly payments refernd to in paragra}shs 1 nnd 2 or change the amount of the paym�nts. If
<br /> "s'�"�° under paragnpl�21 the Properry is acquircx!nYsh�lde�sBo Lender to t�he extent of theasumsPsecured bY this�S�u ty Instmmem
<br /> __ damage to the Property prior to the acquisui p
<br /> c=� iinmediately�a 3to the acqui'itian. n p A-- Borrower's Loan Applicatton;Leaschuld9. —
<br /> .,__-,.,a.m u,4:ccu- ,.c•, °rr�.,:^°�t.ar.,M..[nt-�n�P and Protection of the Property;
<br /> - Q s�� Borrower shall occupy,establish, and use the Property as Dorrower's principal residence v�ithin s►xty days after iii�exv�:ut��,-•8f
<br /> �j�'°"'i°Q��' this 5ecurity instrument und shall continue to occupy che Property as Bonower's principal residence for at lalst one year after
<br /> ���`��`�� die datc of occupancy,untcss Lender othcrwise agrees in writing, which consent shall not be unreasunably withheld,or unless
<br />-s:�;.a�;;,. extenuating circumstances exist whieh are beyond Burruwc�'s ccr�trcl. Ba.^.o'•"=r sh�� nnt destcoy, damage or impair the
<br />_`_'-':;>•��>r" Property, allo�v the Property to dcteriornte, or commit waste on the Property. Borrowcr shall be in default if ao�y for(eitute
<br />=,r������, action or praceeding.whether civil or criminal, is 6egun that in Lender's;ood faith judgment wuld result in forfeiture of ihe
<br />_�;;�,�v�.< 3 s '" property or othenvise materially impair the lien created by this Securiry lnstrument or I.ender's security interest.Boaower may
<br /> �"'��„�'�� cure such a default and reinstate, as provided in paragraph l8,by causing the action or proceeding to be dismissed with a ntling
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<br /> '�t:��P�:;.•, that, in I..ender's good faith determination, precludcs forfeiture of the Borrower's interest in the Property or other material
<br /> ���'�'"-}`�"• impairment of the lien created by this Security Instrument or Lender's security interest. Borrower sh�ll also be in default if
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<br /> �""""'�""-' Borrower,during the loan applicution Nrocess,guve materially falsc or inaccura.tc information ar statcments to I.ender(or fai
<br /> �"��"a'"''� to rovide T..ender with any material inforntatian)in cunnection with the loan evidenced by the Note,including.but not limited �
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<br /> � �, to,representations conccrning Borrower's occupancy of the Property as a principal residence.if this Sr.curity Instrument is on a
<br /> j " '° `� leaseliotd. Borrower shall comply with all dic Provisions of the leuse. If Borrower acyuireti fce title to the �'ropeny. the
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<br />"�'-��-�.�� ��.-� lcasehold and the fee titic shall not merge unless Lendcr agrces to the merger in�vriting.
<br />=_ '.^r"-.°'•-:* ° 7,Protectton of Lender's Rights in the Property. If Borrower fails to pedorm the covenants and agreements mntained in
<br />°��""=�'�`."�''•�` '• this Security Instrument, or there is a legal proceeding that muy significandy affect Lender's rights in the Pruperty(such as a
<br /> • �'� prucecding in bankruptcy.probate, for condemnution or forfciture or to enforce laws or regulations), then I.ender may du and
<br /> L�,�� V�� pay for whatever is necessary to protect thc value of thc Property and Lendcr's rights in the Property. I.cnder's actions may
<br /> � ' include a ing :►ny sums securai by u licn �vhich has priority over this Security Inst�n take a�tion�under his para�raph
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<br /> ' � � reasonablc attorneys' fees and entering on the Properry to make rcpairs. Althougli Lender m y _
<br /> 7,Lcnder docs not have w do so.
<br /> � . - � . Any amuunts disbursed by Lender under this paragraph 7 shall become additional debt of Bonowcr securt:d by this _
<br /> � "�� � �' Sccurity instrument. Unless Bonower and Lcnder agree to other tcrms of payment,these amounts shall bear interest from tl�e _
<br /> �' ' '< date of disbursement ut the Note rate and �hull be payablc, with interest, upon notice from Lender to Borrower rcyuesting _
<br /> „..�= • . paymcnt. _
<br /> ' 8.MoMgn�e[nsurnnce.If Lender required mortgage insurance as a condi¢ion of making the laan secured by�his Secunty =
<br /> � � {nstrament. Borrower shall pay thc premiunts rcquircd to maintain the mortgage insurance in cffect. If, for uny reason, the _
<br /> �a mortgagc insurancc cover,�ge rcquired by Lender lapscs or ccases to be in cffcet,Borrower shall pay thc prerniums required to _
<br /> � • obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivulent to the =
<br /> ' z cost to Borro�ver of the mnrtgage insuranee previausly in effect,from an ul�ernate monga�e insurer approved by Lendec If .'
<br /> ' substantially equivalent mortga�e insurance coverage is not available.Horrower shall pay to Lender euch month a surn equal tc� `
<br /> � one-tweffth of the yearly mongage insurance premiwn being paid by Bormwer when the insurance ruvcrage rapsed or ceased to .
<br /> • - be in effect. Lender will accept,use und retain these payments as a loss reserve in lieu of mortgage insumnce. Loss reserve
<br /> Form 3028 9190
<br /> � .- � Pnqo 3 0l6
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