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<br /> � . 5.I�zard or Pro�erty Inw.�ance. Horrower shsll{cee{►tlse im�rnvcmenis now cxisting or hrs�cs!'tcc uocwd o�ci ttus P►vL�Y =
<br /> Iiruiucd a�sinst tocs by fira.hazards iacluded within the trrm "oatclxleal co��er�e" aud any o:hcr h�r�s,in;.luding floods or =
<br /> f tboaing.ror wt,;ch t.�nder rw�ires ins+,rance.'Ihis ias�u-.nce st,au mc mzintaincd in tAc amouats ana eor thc periods cnat t.eoaer
<br /> � roquires.Thc insur�ncc c�urie�providing thz insurance shall bc cl�sea by Barrow�cr subjoct to Lctidcr's approv�l wAich sdall not _
<br /> b� unrzasonab�y w�ithtu.icl. If Bortnwei fails to maintain covchrage dc�cribe� abc►va.Lc.-�r may. at Lc,�ul�'s optios��obtain -
<br /> -� cove�a co protact Lcnd�r's rights in tA..Pro�czty ia accordanr�wich para�raph 7. -
<br /> � All iacurattcc poliei�s snd cznewals stiall be�ccept�ble fu Leitdea�d shail iactu�cl�,a stantL.�'d awttg�e claus...l.�tdu s1�1!
<br /> ha�ti i.hc txgltt ta Iwld the�+alicies wxi renewaLv. If Irnder roquirc�.Banower chall P�P�Y Bive W Lci�drr�ll reccipts of paid
<br /> prcmiurtu and renewal acuices In thc evcat of loss,Sorrowzr shall Qi�a proatpt iwticc t�the insurance carria and L,ender.L�eader =
<br /> u�ay malcc proaf of bss if not n�ade Pro►iipilY Dy Botsow.r.
<br /> Unless I.endcr and Bocr�wet otherwise agroe in writing.itts�usnce procee�is st�aU be �pplie�d to restoratio�i or rcpa'v of Wo '
<br /> �Y�6od,if the restutation or re�air is ocoaomic�llY feasihle atuf L.endv's socurity is aot iesscacd.If the resioratioa or -.
<br /> rep�ir is aoi ecot�omically feasiiblc a I.eadcl'c security woukl be i�.ssenecf,the insuranse procerccis shall bc applied to the swns
<br /> securc�d by this Socuriry Insttuir.�� wAethct or�tot thct� due,with aay eaccess paisl to Borrawer. If Barowu abandoas t1�c _
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<br /> 1 Pm{x�iy�or does aot aaswu within 30 days a aotice from l.euder that the insurance sarrier has uffered W seu�a claim.thci► •
<br /> I.eisd��nay collact the ias�uance proceeds.I�n[Lu�uay use thee proceeds to re�a'v or ressore Iho Property or to pay sums socurul _
<br /> by twi,s Sxw�itY Instrwnea�whe�hu or not t5ea duu.7tse 30-daY Periad wiU begin when the notice i4 given. _.
<br /> ldtile,ss Lerukr and Bormwer otl�wice$grae in wri�►g.ar►y upplicaiioa of proceedc ta principal shaU not exttnd or Postpaie =
<br /> tbe dae d�te af the moatNY PaYmentc referred W in paragraphs 1 ond 2 or ct�nge tha runount of the payments.If uadzr par$grapti °
<br />: 21 the Propefty is scsluired by L,eader.Borrower's rigtu w any iusuraace pnlicies and prooee�s resultin8 frem ci:.'�,ge to tbe _
<br /> propercy prior w tb:.aoquisicion shall pass w l�.eadei w tEe r�ueac of tbe sums sociued by this Sxuuic; :nsuum�c i.�*•^�•�+;�«�y
<br /> Qrior to tAc acqnisition. _
<br />= 6.Oocups�ncy,Pr�vatjoa„l►taiatea:amce aad Pratectton ot tLe Property, Bwros�'s Loan Appficatioa:L.easeLof3s. _
<br />- Bocrower sl�all oocupY.esaabluL,a�3 use t�e Ptnpaty as Barowa's principa]resideaoe v.it�in sixty days�t'w the exerutioa of •
<br /> �g�y rnc_M.��.,rwt aad st�ll coutinua co mccupy the Prolx�iy as Bomower's principal ms's3e�e fur�least oae ypr�fkr u�e
<br /> J�� date of oocupaocY. unkss Leader otlwwise;�`'toes in writiag,which conseat shal!aoi be uare�s�ma'�iy withl�eld. or unlCSs
<br />_� ea�teauaang cin�unst�nccs exisi which�re beyoad Borrowa's coitrol.Bocrowa sl�all noe�suoy,dur+a8e or impair et�Pcopaty,
<br /> � allow the Property tci deteriorate, or canmit wasie on tLe Property. Aotcower sh�ll De ia defwlt if �ny forfeizua�e actioa or
<br /> - pcocoeding,wht�ur civil or crimiaal.is begua that in L.et�ea's good faitb judgment coukl result ia forfeiWre of t'�e Property or
<br />_� otherwise m�cuially itup�'v tbe liea created by tbss Sec�unty Iasuutuast or L,usder's security ioterest.Bornower may cure s�a
<br /> default aad reiast�te, as providod in paragrs�h I8.by cavsing tt�se acooa ar procealing to be dismissed with a rWiag that.in
<br /> I.eude,r's Qood faith daa'min�tion,P�'ocl�des farfe9wre ef c�Bortower's iataest ia tbe Property or other mate�l ia�pa�a�au of
<br />'-� tne tiea a�to�l by this Socuri�Y Ias�unent or Lr�atr's sea�r;ty L�carsr.Bocrawer si�ll�be in defautc if Barrov�xr.duriag rho
<br />._:� 1�aPP�P��8�"��i�liy faise or;^�^*ar.iafamAtioo or�•�*�r,r•,•r�w L�ader(ar faifocl to provkk I�ader with
<br />°3 aay ma�ai�l iaf•Y•�,��;,�^) iu ar�.�axboa w�itA tiie loan evideuced Dy the Note. includnng,but mt linnitod to� t+epe+�atsitioas
<br />-� 000ceming BoQOQ,rr's aocupsacy of the P�pe�ty as a priaci�al residmca If tbls S o c a u i i�Instrumeat is on�1e�twid.Bori+o�var
<br />== ��.0 c�onlv�h aII the�+nv�siocs of tLe ksse.If Boanwer acQuires fa utle to the Fa�rlty.the IeaschoW�od the fae titla shaU
<br />�� not aaerge w�iess l�i a��s ta ti�cc mcrgu ia aTit�ug.
<br /> 7.Prottctloa of I.eader's Riehts ip the Proyerty. If Bormwer fnils ta paform tbe covenants and ag�tt oanteinod in
<br />- this Security Lu�umeat,or tlsere is a kgal Pc�000edirsB t�at maf si�sif�c�lY�ffecc Lenda's rights in the Propaty (such as a
<br />.=� P�8�1��y P���•for caidea�aation ar forfeiwati or m eafocr.e laws or regulations).thai I�eader may dn aad pay
<br />— for what�ve7 is aooessarY w P�otect the vatue of the Pcopercy 9ad I.eader's rights in the Plnpesty.L�ender'a mc,�oos may iacWde
<br /> -= PoYWSB �Y sums secured by a liea whicl�has p+ioriiy over this Socurity Instnunmt. a�riag in caut, PaY�B �k
<br /> -- amtneys' fxs aod eataing on�e Ptopaty a make repairs.Altbo�4gh I.et�er may taice�ctioa aader this paragr�7,I.eader
<br /> = does sot have w do so.
<br /> = Aay anoouot,z�h�E.eader uadrr this paragrapt�7 st�ll bxaaia addidonal debt of Hamwa saured by this Socurity
<br /> � Iast�wmeat, UNess Borrovxt t�3 I.e�dct sigroe to oWa te�ms of p�yoxat. these amoonis st�ll bdr�fmm tbe date c�f
<br /> --- disbo�aanmt at We Not�rstie�sl�ail be PaYable.witb m0arst.upoa uotice frnm L.eades oo Borcower s'o4�Pn�
<br /> S,�ate I�scarasa. I[L�ead�requirod arortg�ge iar,�uanoe u a cooclitioa af u�idng tbe loan sxurod by t�es Socurity
<br />_= i��+*�=-*+�+�. Barmwer sh�1J gzy t�e premiums nquind w maimaia t�e mo�tgage ins�raACe a� effax. If.for acy rwso�.the
<br />-* mo�tgaQe iasuraooe coverago ra;,uired by Y.e,nder lapse.s a ceases ro be ia effect.Barrowa shall PaY We Praniums n9aioed to
<br /> - obtain ooverage sabataatia�y eqcivaia►t to tlue mortgage ias�uance praviously in effed,at a cast sui�ati�lly equivaieat ta ttae
<br /> = ccst w Barnwa of tLe moetp�iasuranoe previousIy ia effect. fran an altemate mostgage insurer appcnved h� I.aWer. If
<br />=' suSsraati�lly equivaleat moctgaEe;^�,�„��wverage is uot ava�ble.Bort+nwer shall pay to Leadei each month a sum equ�l w
<br />_��, ma-twc]fth of tbe yeariy matBaB�+�P���B P�by Bomawer whea the iasurrnce oovvage Iapsed ar oeased w
<br />— be in effxt I.eader wiil�ccept,use and remin thsse payments as a loss zesava ia lieu of mnrtg,�ge iasivanca Loss reserve
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<br /> Foc�s 302i W90
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