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<br />5. Hazard Ql' Property InSl,ll'ance. Borrower shall kce-y Lhe improvements nOW existing or hercailer erected on the
<br />Pr'operty insured ag!:llnst loss by fin;, hazards iIlcluded within the term "extended coverage" and any oilier h<llMds, including
<br />floods or nooding, for which Lender requin;s iIlsuranct. 1'his insutam;e shall be maintained in the ilIllounts m1d for the periods
<br />rhat Lender requires, The jnsurance carrier providing the insur,mce shall be chosen by Dorrower subject to Lender's approval
<br />which shall not be urtreasol1ably withheld, If Borrower fails to maintain coverage described above, Lender may, at Lender's
<br />option, obtain coverage to prm~ct LCnder's rights in the Property jIl accordance with paragraph 7.
<br />All insurance policies and renewals ghall be acceptable to Lender arId shall include a standard mortgage clause. Lender
<br />shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender wI receipts of
<br />paid prernillIt15 and rC:Ilewal notices. In the event of loss, Borrower ghall give prompt notice [0 the in~urancc carrier and Lendt;:[.
<br />Lender may make proof of loss ifIlOt made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree i,l writing, irtsurllllce proceedg shall be applied to w,toration or repair of the
<br />Property damaged, jf the restoI'ation or repair is eco:nornically feasible and Lender's security is not 1essc>led. If tile restoration or
<br />repair is not economically feasible or UIlder's secUlity would be lessened, rot) insurance proceeds shall be ;1pplied to the gums
<br />secwed by this security In~tnunent, whcther or not then due, wirh any excesS paid to BorrOWC1\ If Borrower abandons the
<br />Propeny, or doeg not answer within 30 days a notice from Lender that Ihe insur;1llce carrier h2!l offered to sealc l:l claim, then
<br />Lender may collect the inSurance proceedS. Lender may use the proceeds to repair or restore the Property or to pay sums
<br />:secured by this Security InstJ;lu:nent, whether or not then dne. The 30.<;l:;l.Y period will begin when the tJotice is given.
<br />Unless U'11der and Borrower otherwise agree in writing, any application of proceeds to ptincipal shall not extend or
<br />postpone the due date of the monthly paymentS referred to in paragraphs 1 and 2 or change the a1llou;nI of the paYllKmrs. If
<br />under paragraph 21 the Property is acquired by Lender, Borrower's right to any iIlsurance policieg and proceeds resulting from
<br />damage tD the Property prior to the acquisition shall pBSS 10 Lender w the extent of IDe sums secured by this Security lnsttmnent
<br />immediately prior to the acquisition.
<br />6. Occup;mcy, Preservation, MaintenMce and Protl:Ction of the Propedy; Borrower's Loan Application; Leaseholds.
<br />].30lTower shall occupy, establish, and use the Property as Borrower's principal residence wiiliin sixW days after the execution of
<br />this Security InstruIl1ent and shall continue to occupy the Property .as Borrower's prulcipal residence for at least one yeM after
<br />the date of occu)J<Ulcy, unless u.,'llder otherwise agrees in writing, which consent shall not be umeasOl18bly withheld, OT unlcss
<br />extClll.laIing ciJI;l)ll1!lra!lCeg exis~ which are beyond Borrower's COIlITO!. Borrower shall not destroy, damage or impair the
<br />Property, allow the Property to deteriorate, or comtnit wasTe OIl the Propeny. Borrower shall be in default if any forfeiture
<br />action or proceeding;, whether civil or criminal, is bcgl,ll1 thm ill Lender' ~ good faith judgmCItt could result in forfeiture of the
<br />Property or otherwise materially impair the lien created by tbis Security Instrull1ent or Lender's security interest. BOITower may
<br />cure sucll a default and reinstate, as provided in paragraph 18, by causing the actIon or proceeding to be digmissed wIth a ruling
<br />that, in Lender's good f;lith derernrin;1tiol1, precludes forfeiture of U}C Borrower's interest in The Property or other materiill
<br />impairment of the lien created by this Security Instrumcrl.t or Lender's security interest. Borrower shall also be in default if
<br />Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed
<br />1:0 provide Lender with MY material information) in cOnPt;;erion with the loan evidenced by the Note, including, but not limited
<br />to, representations concerning Borrower's occupancy of the Yropeliy as a principill- rcsidence. If this Security Instrument is all a
<br />leasc1101d, Borrower shall cOlnply with all the provisions of rhe lease, If Borrower acquires fee title to the Propeny, the
<br />leasehold and the fee title shall Ilot merge unless Lender agrees to the merger in writing.
<br />7. :Protection of Lender's Rights in the Property. If Borrower fails t'O perfonn the covep;:ll1ts and agl:eemems contained in
<br />this Secl,lfiry Insrrument, or there is a legal proceeding that may significantly af.tect Lender's rightS in the Property (such as a
<br />proceedi:ng in bankruptcy, probate, for condcl!l1lation or forfeirure or to enforce laws or regulation~), then Lender may do llnd
<br />pay for whatever is necessary to protect the value of the Property and Lender's riglllS in the prop/;:ny. Lender's actio:ns :may
<br />include paying Wl'y sums secured by a lien which has priority over this Security Irtstrument, appeanl.1-g in court, payi:ng
<br />reasonable attorneys' fees and entering 0)'1 the Property to make repairs. Although Lender' may take action under tllis paragraph
<br />7, Lender does Ilot have to do so.
<br />Any amountS disbursed by Lender under ttis paragraph 7 shall become additiopaJ. debt of Borrower secured by this
<br />Security InstrumenL Unless Borrower and Lender agn?;C [0 other terms of payment, these amoLmts shall bear intereSt from the
<br />date of disoursem.enr at the Note rate and sball be payable, with jnteresr, upOli notice from Lender to 'Dorrower requesting
<br />payment.
<br />8. Mortgage Insurance. If Lender r~quirtd mortgage insurance as a comHtion of making the loan secured by thiS Security
<br />InstruIl1ent, BorrOWer shall pay the pn;;rnillIl1S required to maintain the tDortgage insurance in dfccr. 1f, for :my reason, rhe
<br />mortgage insunlllCC coverage required 9Y Lender lapses or ceases to be in effe(;l, Borrower ghall pay the premiums reqIlired to
<br />obtain coverage gubgtantially equivalent to the mortgage insurance previously in effece, at a co~t substatltially equivalent to Lhe
<br />cost to BorrowCT of the mortgage insurance previously iIl Effect, from mJ. alte:rn.ate mortgage insurer approved by Lender-. If
<br />suhstantially equivaleIlt roongageinsurance coverage is not available, Borrower shall pay to Lender each month 'a sum equal to
<br />one-twelfth of the yearly mongage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br />be in effeCt. Lender will accepC, use Md remin these paymentS lIS a loss reserve in lit'.-"1l of mortgage ins\irance. Loss reserve
<br />
<br />Form 30;28 9'ffi-
<br />Inlti"" >>'e...
<br />Loan No. 6412046~7879 C.c.. M"
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<br />200609362
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<br />~ -6H(NE) (9403).01
<br /><t>
<br />TONE3 (04J02104) PC
<br />
<br />Po~o 3 or 6
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