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<br /> 5. H�z�rrd or E"mpeity I�n�e. Horrow�r ch�ll krep tho tmprovementa now axi�ting or hetraRer siectQd nn the
<br /> prcperty insurod�g�lnat losa by flro, Ner�rds{r�cluded within the term "oatendad cova�e"and �ny wha lutardi. uicludiq/
<br /> flnads or floodin�,for which[�:nder requiras iiuurYnce,Thia insurance shall be irjaintxlned in the anxwnts and!'or the paic�ds
<br /> tlut Lender re�uirsy. The insuranco aiPrfer pmvkling the In�wrarce ehafi bo chosen by Borsower subje¢t to t.erxler's�pprovrl
<br /> which shell nat bo uniaaonabty wiihhefd. If Born�wer fails to maintatn oaver�gc descdbod abovc, LeMer msy;�t Le�dar'�
<br /> option.obtaii�c.avcrage to prauxt Lcnder's rights in the Property in aocondance with parrgraph 7. �
<br /> AII lnsumnca poltcies and tenewels st�al! be ececptable ao Lcnder atd sh�ll include a standard mortgage�Iwsse. I.ender '
<br /> shall have tha cigl�t to hold thc palicfes aad rencwals. If Lencter requi�s.Borrowor shall promptly give to Lcnder all rcaipts af
<br /> patd premiuma and renewtil notices.In the event of loss,8orrower shatl give pmmpt aodce to the tnsarance curier and L�eacler.
<br /> Lend�r may make proof of loss if not ma�ie promptly by 8ormwcr.
<br /> Unless Ler►der and Sorrower otherwise agreo in writing.insuTSnce pmceods shall be applial to restoretion ar crpdr of tha
<br /> p�+upercy dams�ged.if tho restoratton or repair is xonomically feaslble aad I.encier's security is not lessenod.If the nstaration a�
<br /> rep�Ir is nat eoonom[cally fea.s[ble or Ixnder•s sxurity v+ould be lessendd.the insutanca procoods�hal�be aPAlled to the sums
<br /> socurdd by thia Security Insuument, w6ether or not tlten due, urfth any exass paid to Borrower. if Borrower abandot4c ttQe
<br /> Property.or does not answer withtn 30 days a aauce from L.ender that the insu�ar�cc carrier has offered to scttls a cluim,th�n
<br /> Le��der may caltect the insuraACa pra�ds. Leader may tise t4s proceeds to repnlr ar neswre tha Prnp:rty or to p�Y 6�� __.
<br /> sec�uod by this Security Insmunent,whether or not then due.The 30day perlad wi1�t+egia when the notice is given.
<br /> Unless Lecder and Borrower otherwisu ugree in wrlting.any application of pmce�da to pdncip�i sLall not eutend or
<br /> postpone tha due date of the monthly payraents refemed to !n paragraphs 1 and 2 0:change the amount of the puyments. If
<br /> undet paragraQh 21 the Pn►perty is acquired by Lender�Borrower's right to any insurnnoe policies ancl pmc�eads r�ultln8 froRn
<br /> damage to dhe Property�rtor to the acquisition shall pass ro I,ender to the extent of the swns s�xured by t6is Socurlty Iastnunent
<br /> immediately�+rior to the acquisltion.
<br /> 6,pa�pancy,Preservatton,M�intenance and Protoctton of the Property; Borrower's Lonn Appiks�don;I.eaAeholds.
<br /> Borrower shall occupy.establish.and use the Property as Borrower's principal residence within sixty days aftet tlie eaecutlon of
<br /> this Secudty Instruuient and shall condnue to occupy the Property as Borrawer's pdncipat res(dence for at teast one year�fter
<br /> the date of occupancy.unless L.ender otherwise a�rees in wrlttng, which consent shall not be unreasonably withheld. or unl�s
<br /> �ci�s�saiing rircu� exist s�hfslt ar� 4�yon� Rc►rn+we_.r'c contml. Borrower shall nnt destroy. damaBG or impatr tho =
<br /> Pmperty, allow the Pmperty ta deterlorate, oc commit waste on the Property. Horrower shall be in defnult if any forfeiture
<br /> action�or proceeding, whether civil or criminal,is bc�un that jn Lender's good faith judgment could result in forfeiture of the
<br /> P#operty or othervvise materially fmpair the lien crcuted by thts Security Instn�ment or Lender's security intearzst. Bomnwer may
<br /> cure such a default and reinswte,as provided in paragraph 18,by causing the uctlon or procealing to be dismissed with a ruling
<br /> thnt.ia lxnder's good faith determination, pretWdes forfeiture of the Borrower's interest in the Pcoperty or othsr mateiiel
<br /> impairment of the lien created by thia S�ty insuument or l,ender's securtty interest. Borrower shall also be[a defnwlf qf
<br /> Borrower,dwtng the loan applicatIon pmcess.gave materially false or inaccurate information or statements to Lender(or falled
<br /> to pmvide i�ender with any material information) in cunnectlon with the loan evidenced by the Note.tncluding, but not limited
<br /> to.representadons concerning Borrower's occupancy of the Property as a principal recidence.If this Secudty Instniment is on a
<br /> leasehold. 'Borrower shalt comply with all the provisions of the lease. If Borrower acqu�res fee title to the Property. the
<br /> leaschold and the fee tide shall not merge unless L.ender ugrees to the merger in wrlttng.
<br /> 7.Protecdon oi I.ender's Rigttts in the I'roperty.If Borrower fails to perform tha covenru►ts end agreements contstinwd in
<br /> this SecnrIty Instrument.or there is a legu!proceeding that may signiScandy affect Lender's r��hts in the Pro�erty (such es a
<br /> proceading in bankruptcy.probate.for condemnution or forfeiture or to enforce laws or regulations),then l,eader may do and
<br /> pay for whatever is necessary to protect the va3ue�f the Property and Lender's dghts in the l�opecty. Le��der's actions may
<br /> include ps►ying uny sums secured by a Nen which has priorlty over this Securiry Instrument, appearing in court, paying
<br /> masonsible attomeys' fees and entering on the Property to muke repvrs.Although Lender may take action under this paragreph _
<br /> '7,Lender does not hAVe to do sa.
<br /> Any arnounts disbu:sed by Lencler imder thic paragrnph 7 shall become addidonal debt of Borrowsr Secured by this
<br /> Security Instcument. Untess Borrower end Lender agree to other terms of payment, these amounts shall bear i�terest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Barrower r+e�uesting =
<br />- payment. -:
<br /> 8.Mort&ege Insurence.If[.ender required martgage insurence as a condition of muking the Eoan securecl by thls Secudty _
<br /> Insuument. Borrower shull pay the premiums required to maintain the mortgnge insurance in effect. If, for nny reason. the �_
<br />- mortgage insurance coversge required by Lender lupses or ceases to be in efCect. Botrower shall pay the premiums mquircd to =
<br />- o5tain rnverage substantinlly equivalent to the mort�age insurnnce previously in effect,ut a cost substantially equivulent to the __
<br />- cost to f3omower of the mortgage insurancc previously in effect. from an altemate mortgage insurer approved by Lender. If =
<br />- substantially equivalent mortga6e insurance covesage is not available,Borrower shall pay to Lender cach month n sum equal to -_
<br />- one-twelfth of the yearly mortgage insumnce premium being paid by Borrower when the insurance coverage lapsed or ceased to =
<br />=� be in effect. Lender will accept.use and retain these payments as a Ioss reserve in lieu of mortgage insurance. Loss reserve -
<br />'� Form 3028 9/80 I
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