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<br /> 5. �sz�d or Pru�sriy s�. �sroti:es shall !� the improve�erts no�v eaisting or hereafter erected oa thQ �L_ _
<br /> '~ PropeRy insnrad a5ainst toss by fir�,har,u�c inctuded �vithin the tenm"extended ooverage°aad any other hauuds. inclading iU�z�<:
<br /> flna�ls or Elooding, for whic�Lertder rec�uires ins►uance.This inc��nte shall be maintained in the amounts and for the periuds -■��
<br /> --- that [.e�der rea,uires. 'Phe insurance carrier providing the insuranre shali b�chosea by Borrower subjact to Ixuder's a�prov�l �__�::
<br /> which shall ri+at be unm�wmsbly rriih��eld. If Eorrovrer fails to mainsain coverage descn'bed above. LeQder may. et Lender's ��:
<br /> option,o0tain coverage to prozect l.endcr's rights in the Property in eccordance arith paragraph 7. �
<br /> All insuruace poficies und renewals shall be acceptahle to txnder a� shall inctude a standard martgage claus�. Leuder �_=
<br /> shall have the ri�ht to hold the policies aad renewals.If Ixnder requires,Borrower s h a ll promp t ly give to 1.en d e r a f l receipts of �;;c�
<br /> L pa�d premiums and renewal notices.in the event of loss.Borrarrer sha:l�ve prompt notice to the insuiance carrier ansi I.eu�r. -=
<br /> �' Lensler m3y make proof of loss if not made pramptly by Bomn�ver. �-
<br /> Unless Lendee and Borrovsrer othenvise agree in wrifing.insurance proceeds shall be applied to restorarion or repair of the ':��'.
<br /> penperty damaged,if lAe restor�tion or repair is ecAnomicafly feasible and Lender's security is not lessen�l.If the restoration or ':��
<br /> repair is nnt eronomirally feasible or Lend�r's seeurity wouid be lessened. ths insurance proceeds shall be a�plied tm the siems f��
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<br /> � secured by this Security Inswment, whether or aot then due, with any eacess paid to Bormwer. If Borrower abandans the �`''
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<br /> • Prap2rry. or dces nnt answer within 30 days a notice fivm Len�er that the insuiance carrier has offered to settle a cls�im.tIlen �¢�,,�';
<br /> Len�der may colleci ttn°insurancc proreeds. Lender may use the prooeeds to repair or cr�tnre the Fraperty or to �ay sums ;�''`'4=
<br /> � secured b this Securi Insuutn�nt.whether or noi thea due.The 34da riad will 6 �fs�the notice is ven. '�'�
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<br /> Unless Lender and Boxrower otherwise agree in writiag. any applieati.a� af prvcEe�s t1 �n'�ci}sa3.�a11 uat extend or �,:!
<br /> postpone the dae date of the montlil9 PaYments referred to in garagraphs 1 �d ar di�_ay-,:cize;Lmn;�ro�the paymeats. If ''�:.;
<br /> under asa ph 21 the Pra �s red b Lender,Borrower's ri t to an i��s� ,��+'i�.�:sraE ,� : res�ltar�g fimm k:`�'`:
<br /> P bra PertY � aal+u Y Eti Y �"�S i�s�>,
<br /> � damage to the Property prior to the acquisition sha21 pass to L.ender tu the excens af ci���ff��hv i3�s Securiry Insu¢ffie� -;:-.-_
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<br /> immediate[y priar to the acquisition. ,�:=:-_
<br /> 6.Occap�acy.Peeserva8oa,Ma3ntenance a�.d Protecbion of the Pray��.:�iar•.�,��s���satton;l�easehotda. �.':r
<br /> Botrower shal!occupy.establish,and nse the Pro�rsty as Bnrrower's princip2t�^.��,•�..i:a����.+5 after the executi�n of - -
<br /> this Security Insttument and shall wniinue to oocupy the Property as Borrower s pr��,*r:.�::�:wence foz at teast ane ye�after w:`f
<br /> the date of occupancy.unless Lender oihenvise agrees in writing.which con..�t�aii a�:.'�e L-measonably witbheld, or uNess
<br /> eatenaaiing circumstances exist which are 6eyond Borrower's control. I�ansa�.�*�� cv-t des e ar uir tt�e �`:_"
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<br /> - Property. allow the Property to deteriorate, or cammit waste on the Propert;a_IIcsrower shall be in default if any forfeiw� �'�-
<br /> action or proceeding. wheiher civil or criaunal.is begun thai in Lender's geod f-.;;h judgment could resvlt in forfeibme of the ' `�:,�
<br /> - Property or oiherwise materially impair the lien created by tflis Security Instniment or Icnder's security inceras�t.Burnswer msy
<br /> ` cnre such a defau[t azcd ielastate.as provided in paragraph 18,by causing the action cr pracry:din$to 6e dismissed witi�a niling -'
<br /> ti�at, in Lender's good faith determination, pretiudes forfeiture of the Sorrower's int¢�sK in the Praparty or other materin! ��
<br /> impairment of the lien created by this Sec�rity Insnument or I.ender's security interest. Bormwer stu►!];atso be in defaWt i� ___
<br /> ` i Borrawer.during the loan application process.gave materially false or inaccar�infnr.�ta�on or stetemf�to I.eadec(er f�il�d =�:.
<br /> :' �p to provide Lender with any material�information)in wnnection with the loan c-�;i�o�6y the Nnte,ir�.din�,but aat tiauted , • �;;�,:
<br /> ' } ta.representations conceming Borrati�er's occupancy of the Property as a pr�napel c�idcnwas..�this S�dy InStttllJlBf31:(A 8II 8 �;�:":'
<br /> :. ,: leaseDold. Borrower shall comply wFt�all the provisions of the lease. I�IIu�ucvra u.:q,niir_�s fee tfJ���:•ro die Prep�C�, the . :.;a!�-�f-_
<br /> ".• ,f� leasehotd and the fee tide shall not merge ualess Lendcr agrees to the mer��ees in wrticig. .� " ,y��,�
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<br /> � �' 7.Pcotection oY Leader's Rigttts in tE�e Progecty.If Borrower fails ta pafurm the covenagts and.r�g�ementD cantained in �c�sri�
<br /> �' t thfis Security Insuument,or there is a legsil prooeeding that may signiflcantiy 2fEecx Lendcc'r rights in the PropeRy(•suah as a _
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<br /> : ;� proceeding in bankruptcy.probnte.for condemnution or forfeiture orto enforce laws or ri�rlis�ons).then LenBec�y do and �=
<br /> �. ;' pay for whutever is neoe.ssary to protect the vulue of the Properry and Lender's eights in tlte�raperty: Lender's aceiona may _
<br /> .•�;. inalude paytns any sums secured by a lian which has priority over this Security Insmiment. ap(���ing in cadi4, paying ' �gY
<br /> �•�� j� reasanable atiomeys'4'ees aad entering on the Pmperty to muke repairs.Although L:ader may take aclf��i undcr thiu paragaph �f�
<br /> �.:_.�. 7,I.�nder dces not hs►ve to do so. . :� - � �
<br /> _ Any amounts disbursed b�� Lendor�nder this pumgraph,7 shall become addidana!'deht of Borrower sccun�i•by'thie ���.s:
<br /> . `- Secucity Insuument. Unlsss Samnwrrr and�I:eaidsr agn�to adisr terms of payment,th.�iF,rin»�unu shal!bear int�rit flvm ttao ���.:
<br /> . � date of disbursemcnt:at•th$R'ote mt�and shall Ce payable, arith interast, u�sor� no��tim L�,�r.'fii..Bnrmwec requestiuB �_,�:''
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<br />' ; 8.Mortg�ge Ia�ura�tc�t.If Lender required mortgage insurance as a cctm.iit�an of making the lo2n secured by tttls.Sicaht!A .
<br /> � Instrument. Eorrower shall•ps�� the premiums required to maintain the mortgage i�in effect. If, for any,m.,��on� �lta
<br /> tnort fi a insurance oovera e te niicrl�b Lender Ia ses or ceases to be in effect.BarruWr.r.�,hsill pay t3�e premium�tttq�tit�d ta� . �...�
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<br /> • � �'., obtain couerage substantially equivalent to the mongage iasurance previously in effect,at a�cost substantially equivatent ta•tlta � `'�
<br /> �•�y�` cast to Borrower of the mortgage insurance pteviousiy in effect. from an attemate mort�age insumr approved by Lender. ff
<br /> ,'. i�: substantially cquivalent mortgage insutance coverage is aoi available.Bomuwcr shall pay to Lender eacb month a sum equal to
<br /> t•; one-swelRh of the yeaziy murt�,rQ Insurance premium being paid by�orrower when the�in,surance coverage lupsad�an ceasQd to �
<br /> , :j� be ia effect.Lender will aoc�pt.ose and retain these payments a3 a loss r�erue in lieu �tL�:nortgage insurance. Lass resen+c _
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<br /> C, Fam 3028 9/80 _
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