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<br /> 5. Hazae�d or Pro�perty Insut�ance. Borrower shatl keep the i�nprovementx no�v cxibting �r hercaRer erected�on the
<br /> Property insured ugalnst loss by f m, hawtds included within tlte term "extended rnvert��e" t�nd c►ny othcr haxnrds,inrluding
<br /> flaads ar tlaoJing. for which Lcndcr rcquiccg insurancc.Thiw insumncc shall be maintaincd in thc umnuntw anJ fi�r thc periade
<br /> that l.ender requln�.The Insumnce currier praviding the insumnee shull be chosen by Bmmwer tiubject to l.ender'x uppruvai
<br /> which shull not be unre.t�tonnbly withhcld. If Barrower fails to maintain�vemge desc�ibcd ubcwc, l.endcr may. ut l.ender's
<br /> option.obu�in covernge to protect Lender'g rlghts in the Praperty in accordnnce with pam�troph 7.
<br /> AI! insurance policies und rcnewuls shall tm ncceptnble to l.ertder nnd Shntl includc a swndunl nmrt�agc clause. l.cndcr
<br /> shall have tho right to hal�the polici�und renewnlK. If I.ender requires. Borrower shall promptly give to L,endcr ail reccipts ns
<br /> paid pnemiwns And rPnewnl rtotices.In the event of loss,�orruwer shull�ive pm�npt rtatise to the intiurunce cArrier and l.ender.
<br /> Lender muy muke prooF of loss if not made pmmptly by 8orrower.
<br /> Untess L.ender and Borroacr otherwiss a�in wdttng.Insumnoe pmcer�s shall bc applied tu restoration or repuir af the
<br /> Property damtsged.if the restomtion or repair is economicully fcusible an�Lender's secu�ity is aat l�seaed. If thc restoration or
<br /> �fr� rwi��sz�:_!!,fPQe bIP�*r��Pf•�����w��dd I,e Ieccened.the insuranee proceeds shnfl be upplied to the sums _
<br /> secured by thia Secwity Instrument, whether or not then due. wjW any excess paid to 8orrower. If Bonower ubandons the
<br /> Property.or dces rtot answer wIthin 30 duys n nonce from Lender thet the insurat►ce currier has offe�d ta settte u claim. then
<br /> Lender may collect thE insuranoe pn�ooads. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Securiry Instniment.whether or not then due.The 30-day period will begin when the nottce Is given.
<br /> Unless Lettder and Borrower otherwts$ agree in writIng. any a.pplication of proceads w principal shap not e�ctend or
<br /> postpone the due date or the monthly payments referred to in par�aphs 1 and 2 or chanse the amount of the payments. If
<br /> under pzua�agh 21 the Property is acqi�irett hy t.ender,Bomawer's right to any iasuraaoe policies and prooe�ds resulting from ,
<br /> damage to the Propeity prior to the acquisitlon shaU pass to Lender to the eatent of the suzas secured by this Security Instnuttent
<br /> immadiately prior to the acquisidon.
<br /> 6.Oocapancy.P�eservatlon.Maintenunce and Protedioa of the Property;Borronver's Loan Appltcation;Lpaseholds.
<br /> Borrower shall oocupy.establish.and use the Property as Bormwer's prindpal residenoe witldn sixty days after the execudon of
<br /> this Security Insuument and shall oontinue to occupy the P�+nperiy as Borrower's principal residence for at least one year after
<br /> the date of oocupancy.unless Lender otherwise agrees ia wtiting.which consent shall not 6e un�+easonably w�tdheld,or unless
<br /> eatenuating cimumstanoes exist which are beyond Bomower's conm►1. Borrower shall not desuny. damage or tmpair the
<br /> Property.alluw tde Property to detcriorate. or wmmIt waste on the Property. Borrower sha11 be in default if any forfeiture
<br /> action or pmceodiag,whether civil or criminal.is begun tl�at in I.ender's good faith judgment oould result i��forfeiture of the
<br /> Propecty or otheruvlse materially impair the lien cneated by thia Securiry Insuument or Lender's secudty interest.9orrower may
<br /> �,���r}���!n{�lt ancl rPjncts�te,a��mvided in gST��I'HQh 18.by causing the setIon or prar,edinB to be dismissed with a�uli�eg =
<br /> that. in I.ender's gaod faith deteraunation. precludes forfeiture of the Borrower's interat i�the Pmperty or ather maur�al
<br /> impainnent of the lien created by this Security Insuument or I.eader's security intetest.Borrower shaU also be in default if
<br /> Boaower,during the toan application prooess,r�ave materlally false or inaaurate informadon or staten�ents to L.ender(or failed
<br /> W provide Lender with atry cs�aterial Information)in oonnection with tke IoHn evidenc�ed by the Note.including.but not timitad
<br /> w.repr,esentatIons oonceraing Barn,wc:Ps oxupaacy of the Pr���ty as a priaapal residenoe. If this Securiry Insmunent is on a
<br /> leaseho'id, Borrower shall comply with all the provisions oF�t]ie lease. If Borrower aoquires fee tifle to the Pmperiy. the
<br /> leasehold and the fee tide skall aoi merge unless Lender a�ees to the merger in writing. _
<br /> 7.Protedion of Lender's Rdghts In the Property.If Borrower fails ro perform the covenants and a�nts contained in
<br /> this Security Insuument.ar them is a legal praoeediag that may significandy atTect Lender's rights in the Praperty(suc6 as a
<br /> pmoeading u►banlwptcy,probate,for oo�emnatiou or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> pay for whatever is nec�,sary to pmtect the valae of the Proptrty end L�ender's ri�ts ia th�e Prupeity. L�der's actions may
<br /> include paying any svms sewc�ad by a Ifen which has priority over tLis Security Iasmtnient, appeariug in oourt, payiag
<br /> reasonable uttomeys'fees and entering on the P�+nperty to make repai�s. Although Lender may take aaion under tP�is paragceph
<br /> 7,Lender dces�t have to do so. .
<br /> My amounts disbursed by Ixnder under this paragraph 7 shaU baoaime addidonal debt of Bo�ower seated by this
<br /> Sewdty Inssn�nxnt.Unlas Borc+ower and Lender agcee to ot�►er terms of payment, these amounts sdall bear Iatcnst from the
<br /> date of disbwsement at the Note rate and shall be payable. with imerest, upon ao6c� from Lender to Bomower requcsting
<br /> PdYment•
<br /> 8.Mortg�ge im�aranoe.If I.ender re�ui�d�mortgage incurance as a oon83tioa of making che loan secured by this Secur+ty
<br /> Instcumen� Bottower shali pay tlee,premiums cequired to maintain the mortgage insuranoe in ef�ect. If. for any reason, the
<br /> ' mortgage iasurance ooverage reqa�cred by Lender laps�s or aeases to be in effect.Botrower shall pay the premiums required to
<br /> oatain ooverage substantially oquivalent to ttte mortg$ge insurance pnwiously in effect, at a oou substantially equivalent to the
<br /> oost to Bormwer of the moatgage Insurance previously in effect, from an alteraate mortgage insu�r appmved 6y Lender. If
<br /> substantiaqy equivalent mortgage insuranoe ooverage is not available.Borrower shall pay to lxnder each month a sum equal to
<br /> one-twelflh of the yearly mortgage insuranoe pzemium being paid by Bormwer when the insuranoe oove�e Inpsed or oeased to
<br /> bo in effect.Lender will aaoept,use and�+etain these payments as a loss reserve in lieu of mortgage insurance. Lass resen+e
<br /> �su2e slso
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