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<br /> 5. ��xswd e�+r Pn►pe+K9 Infun+tx"r� [�urrnwr.r �:htl! kc+r.p ths improvc��ients �w cxi�ting oR h
<br /> p�p¢My �iuurod wgainst luti�by Cre, h�u.�rds i��cl�dal within the terni"cxtendtd cavecage" a►x1 any e�thcr hivar�ls, �n.�luding
<br /> flax3s ar flouding, fur•which I.e�tder rec�uirey icisu��u�k.e.'['his intiurmide shall be nu�intainecl in tt��umewntx urxi for the�aeri�
<br /> th�t l.etx3�r rr:quire�.The i�isurancG carrier pmvidirig il� ���su�a�w..:.S►.�! b�cho����n hy
<br /> Ae►rrowcr siit�f cct tn I.c�xl�r's i►pPnival
<br /> wldch �hall nut he unreason�bly withhcld. '.f Borruwer t:�ils to maintain covcrag�describCd abovs,
<br /> I.cixlcr may, at Lender's
<br /> u{xi�r�,abtain covcrago ta proiect L.encler's rlght9 in thc Pra{x��y in u�c��rdnnec wish paKng�aAfi 7• —
<br /> Ali insura�xe policies and renewalti shall be ncceptable to �.e�xicr&d ower shall�promptly g'►ve o I.ender atl rcceipts�i�f �
<br /> sha�lliavc Qie right to hald the�licies und renewals.If l.cnder requires,
<br /> paid prem+ums and renewal noticas.ln the event of loss,Borrawer shall give prompt notic:e tA ttee insurance carcier nnd Y.en6er.
<br /> Lender may make proof af loss if n9t mnde pramptly by Bur►�awer. _
<br /> Ur►less L.ender nnd Burrower odurwise ugeee in wdting,insurunce proceeds shall be ppplied to restoration ar tepair of tha
<br /> Property damagcYl, if tlie restarntioa or repair is economicapy feasiblc:and Y.ender's sesurity is not lessened.IF the re.storation or
<br /> repair is not economically fea.�ihle ur[.ender's security would be lessened,the insurance procee�s shall bc applied to tlse sums —^
<br /> sr.cur�:d by this Scxurity Instrumcnt, whethcr or r,ot then due, witl� aay excess patd to BorroH�cr. If Borrower abamions the
<br /> Ptoperty, ur does not answer within 30 days a ratice from Lcnder ti�at the insurance cntrier has offered to settle a claim, then
<br /> - I.crsder may collect tl�e insurance procecds. L.er.der snay use �e proceeds to repair or resture the Property or to pay sums
<br /> sccutecl t��,•this Securiry Instrument,whether or not thendue.The?0-day period will begin�viie��thc notice i�given. _
<br /> UuEess L.end�r�nd F3orrower otherwise agrc;e in writinn, any appltcation of procecds ta principal shalt not extcnd or
<br /> post+�otie the dus datc of the monthly puyrnents reternd to ira paragrapi�5 i �azu 2 ar chan�:: th� w"•loGr!t a=the payments. If �.�_.
<br /> - under ptu�ug�'aph 2l the Property is acqu+red�y i.ende��o��r�wCi'� �ight to uny insur„nce polioies�n��mceecis resultin�frum _�
<br /> da�nagc toihe Property pri�r to the ncquisition shall pass to Leader t�the extent of the sums secured by this Securiry Instrument .
<br /> - lmmedEately prior to the acqulsltion.
<br /> 6.C�ccu�ancy,Preservstton,Muintenance and Protectton of the Properly;���'��ver's i,oan Appticat�ion;I.easeholds.
<br /> Borrower stiall occupy,establish,and uae the Property as BoiTO�'•'er's principal residence within sixry days after the cxecution of —
<br /> this Security Instrurnent and shall cantinue to occupy the Property as Borrower's principal residence f�r at least one yeur afcer
<br /> the date Af octupancy, unless Yxnder otherwise agrees in writing, which cunsent shall not be unreasonably wichheld, or unless
<br /> �;;.�n�s.�,o �ircumstnnces exist whicli are beyond Dorrowcr's controL Horrower shall not destroy, dama�e ar impair the
<br /> Frapeny,alduw tlic Property to detcriarntc, or commit waste on the�rop..ny. 8nrruwc� �i�a!! �:. :n L=fsts!`• i[s!y forfeiturc
<br /> netion or pnnceedinfi� wheiher civil or criminul, is begun thut in Lender's goocl faith judgment could result in forfeiture of the
<br /> property or ntlicrwise materially impair tf�e�icn cmntcd by this Securiry lnstrument nr[.cnder's sccurity interest,Barrower msp
<br /> eure suclin dcfault and reinstatc,ns pruvidcd in paragraph IB, by causinb th�:nction or procceding to bc dismissed with a ruling
<br /> that, i►i Lcudcr's good f:�i:h dctennination, precludcs forfciturc of thc Borrowcr's intcrest in thc Property or othcr matcrinl .
<br /> impuirment of the lien created by this Secucity Instiwnent or L.ender's �ecurity intercst. Borrower shall ulso be in default if
<br /> 13orrower,during tlte loan application process,gave snaterially false or inaccurnte informu�ion or statements to LendEr(or failed .
<br /> tp provide Lender with uny msterial informs�tion) in conncction with the loun cvidence;d by thc Note, including,Uut not limited . —
<br /> — to.rcpresentations conceming Dorrower's occupancy of the Propercy as a principsl residence. If this Security instrument is on a .
<br /> Icasehold, Borrower shall comply �vith all the �rovisions of the lcase. If Bonower acrauires fee title to the Property, the
<br /> leasehold and the fce title shall not mergc unless I..endcr agrees to thc mcrgcr in�vrieing• _
<br /> 7. Protertton of Lender's Righ45 ln the Prope��ty. If Bonower fails to perfarm the covenants and ageeements contained in _
<br /> �� this Securiry Instrumcnt, or there is a legal p�viceeding that may signi�cantly affect Lender's rights in the Property (sach as a ;�__
<br /> procceding in bankruptcy,probate, for condcmnation or forfeiture or to enforce laws or regulations), then Lcnder muy do and �,��,,
<br />-° pay for whatever is necessary to protect the valuc of the Property and Lender's rights in the PropeiKy. Lender's actions may ,:'_`..
<br />,�� include payin� any sums secured by a lien which has priority over this Security Instrument, appenring in court, paying My��
<br />�� reasonable attorneys' tees and entering on the Propeny co make repairs. Although Lender may tuke action under this paragraph � .
<br /> ��'
<br /> - 7,L.ender dnes not huve ta do so.
<br />-� Any amounts disbursed by Lender under this paragraph 7 shull become additional debt of Borrowcr secured by this '•;-�;-
<br /> -A Security Instrument. Unless Borrowcr and Lender agree to othcr tcrms of paymcnt, thcse amounts shull beur interest from t{ie
<br />'_:�
<br />_� date of disbunemcni at thc Note rate and shull bc payablc, �vith intcrest. upon notice from l.ender to Borrowcr rcquesting
<br /> -- payment.
<br /> S,hlortgoge Insurnnce.If Lender required mort�age insurance as x condition of making the Inan secured by this Security
<br />= Instrumcnt. Bonvwer shull pay the prcmiums reyuireci to maintain the mort�agc insurance in cffect. If, for any re.lson, thc
<br />- - mortgage insurance coverage rcquired by Lt:nder lapses or ceases to be in effect,Bonower shall pay the premiums required to
<br /> obtain cover,�ge substantially eyuivalent to the mortgage insurance previously in cffect, :it a cost substantiully cquivalcnt to the
<br />`�"a,s� cost to Borrower of the murtg.�ge insurance prev�ously in effect, from an alternatc mortgage insorcr approvcd by Lc:nder. If
<br />_„� substuntially cquivplcnt mortgage insurance covcru�c is not avuilablc, Borrowcr shall pay to Lender cach month n sum equal to
<br /> onc-1wclRh uF the yearly mortgabe insurance prcmium being paid by Borrowcr when the insurancc covcrage lapscd or ccased to
<br /> bc in cffcct.Lcnder will accrpt,usc m�d retain these paymcnt�as u loss rescrvc in licu of mortgage insurancc. Loss reserve
<br /> Form 3028 9I90
<br /> Pulle 3 0l 0
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