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<br /> 5. Fla�aard or Pro�xrty Ittsumnce. Dorrowcr shnll kccp thc improvements now cxlyii� or hd�c�t�M4� on the
<br /> Prciperiy insuccd n�;ninst loss hy �ra, hnP�irds includcd �vithin thc tcr�ii "cxtendcd cuvcn►�c" mid �ny nthcr iuiz�irds, inclutllii�;
<br /> floods��r 17ooclina, fnr which I.�:ndcr rcquires inyuranca Tl�is insur«ncc shuU bc maintuined in thc umaunts rmd far th�p:rin:fis
<br /> thut t.ender require�. The insurmue enrrier prctividing the insumnce shull be chosen by D�rrower subJe.ct to L.ender's t+�pmvr�l
<br /> WEIICB SI18II Ilflt I1C Uiii'Cii50filtDlV WIIII{1dI�I. �{� Su1�uWri f,�il. to �nutnt�►in �ov�rage d�ac�iE,ed absttie, Lender uta}•, at Lenci��'s
<br /> option, obtnin covcragc w protcct Lei�dcr's rights in thc Property in ucrn�dnncc�vith piiragraph 7,
<br /> All insurance pnlicies nnd renewnls nhnll be ncceptnble to I..ender nnd shnll include .i stcindnrd mortgu�o cluuse. l.enQ�r
<br /> shnll have tlie ei�ln to hold the�xilicies nnd rene�vnls, If I.ender requires, Borro�t�er shall pmmp?ly givc ta Lcndcr ull reccipts aY.
<br /> paid prcmiums m�d renewal noticcs.In the cvcnt of lass,BArrower sliall givc prompt notice t��thc insurancc carrier ancl Lendc:r.
<br /> Lendcr mny m�tkc proof of lnss If not madc promptly by liorrmvcr.
<br /> Unless Lcndcr and Borrowcr othcrwisc agrce in wridng, insurancc procecds shnll bc apNlicd to restarntion or rcpn.ir of the
<br /> Praperty d:unagecl, if the restoration or rcpair is ccanomically feasible ant�I.endcr's sccurity is nat le�ssenc�d.lf thc restarntinn ar
<br /> repuir is not e�os�an��ically feaslble or L.ender's sccurity would be lessenrd, thr.insurance pmcecxis shull be a�pliud to thr sums
<br /> secured by this Securlty lnsaument, whethcr or nat then due, with any excess paid to Bnrrnwcr. If Borrower al�suidans thw
<br /> Propeny, or does not�ins�ver within 3Q duys a notice fm�n 1.endcr that the insurance carrier has offercd t�setdn�cliiim, thbsi
<br /> Lender muy collecc the insurunce proceeds. L.ender m.ay use the proceeds to repair or restore the ProprrtJr ur tu pay sums
<br /> securcd by this Seturity Instrumcnt,whethcr or not then duc.The 30-day perioJ n-ill bcgin whcn thc�natice is�iv�ti�.
<br /> Unless I.endcr anci Horrower othenvise agrce in wi7Nng, any application of proceeds to princip�.l sh�:ll �eat extentl or
<br /> postpone the due date of the monthly payments refeeral to in paeusrnphs 1 and 2 ur change thv umount of tha�i;,yments. fE
<br />, under paragraph 21 the Property is acquired by Lender, Aarrower's right to uny insurnncc policies und procvcids�ur:r.;lting from
<br /> darnage to the Praperty prior to the acquisitioii shnll p:�.ss tu Lendri•tc�th�extcnt ui'itt�s,ums secureti by this Sesuriay�tnstniment
<br />; immcdtatcly priar to the uca�uisition. '
<br /> 6.Oceu�c�rg�, PireservutEon,Maintc:uance nnd Proteetian of�iRa llRccperty;lFi,rn��ev�r's �n�nce�.pplteafion;T.,easr.9x��Es.
<br /> Bonower shall occupy,establish,und usc dt.Ar�qperry as Boi7ower's p�vnu�t���l►tse�t����t:�va�hin�k>;2�r�ays nRcr the exeeutia��s1
<br /> thzs S�urity Iustnimcnt nnd shall continue to occupy the 1'roperty as Borrower's �nbncipnl :��s'c�a��for at Icast one year af'ter
<br /> ci���4;te of occupancy,unless Lender otherwise ngreey in writing, which consent shnll nat t��untwsouuMy N�,tld��4ti, or unlcss
<br /> extenuaiin� circun�stances exist which are beyond Borrower's control. Borruwer shull not [IEti[h"lV. druna;e or impair the
<br /> Prope�ty, allow the Property to detcriorutn, or c.ommit wasto on the Property. Borrowcr shall�br ea�default if any forfeiture
<br /> action or proceeding, whether civd ar criminal. is begun that in L.r,nder's goad faith judgment cou9d result in forfeiturr,nf the
<br /> Property or otherwise muterially impair the licn creatod by this Sc;curity Instrument or Lender's securiry interest.Barmwer may
<br /> cure such a dcfault a�xl reinstute,as provided in paragraph 18. by causing the action or proceeding to bc dismissr,sl with n ruling
<br /> !.Fl.°.:. �TS �.C:�Ci�B 6:;:..� fw12�i u�"Ffi2lii8ili5ii, j3idiil�w ,vi�clti�ic iii iitc uv�wwcr'� i��iccs�i in ine FrUpeny Oi O*.her maieriai
<br /> Impuirment of dr.:lien crcatcd by this Secudty Instrument ar Lencter's security interest. Boreower shsill also be in dcfault atF
<br /> Borrower,diiric,l,n�b:loun upplicution process,gaae muterially f.zlse ur inpccuratc information or str.�emen[s to Lender(or fniled
<br />. to provide Len;9�n�a�ith any material information)in conncction with the toan evidencsd by the Note,including,but not 16nited
<br />_ to, representati�ps eonceming Borrower's oc�upancy oF t��P.rn�.��:rty as A princtp�d msidence.If this Securiry Insirument is on a
<br /> �eas2nold, 8orsower shall comply with al'I the pmvisiun,v o7'die Iense. If Barrower acquim.� tct tiile to the &'roperty, the
<br /> .: Ieasehald and tL�w fee title shall not merge un!.ss Lcnder agrees to the merner in writing.
<br /> 7.Prott�rt3a�of Lender's RtAhta in tt�r 9Property.If Borrower fails to perform the coven�nts.��d agreements contalnod in
<br /> this Security x;�sirurr�ent, or there is a legal proceeding d�at may signifi�;antly affect Lender's righ�s sn thc Property(such as a
<br /> procexding in bunkruptcy,pro6ate, for co�xlemnation or forfeiture or to enforce Ic�ws or regulations).then Lender may do antl
<br /> � pay for whatcver is nocessary to protect the value of the Yroperty and Lcnder's rights in the Property. Lender's actions may
<br /> include payi� :ny sums secu��ed by a lien whlch hos priority over this Securiry Instniment, appearing in court, paying
<br />• rea�onable a�rarneys'fces and entering on the Properry tn make repai�.l�'though Lender may tat;e q�tian under this paragmpl�
<br />,' 7,L,eixtcr da;s�ot havc to do so.
<br /> .Ar.y ninounts dislsursect by Lender under tRis pari�ph T shall becoma additional de6t of Borrower secuned by this
<br /> Serisr:ity Instrument. Unless Borrower und I.cnder Agra t�r mt6cr tcrms of payment, t�ese amo�nu shall bear interest from th�
<br /> date of disbursen�ent at the Notc rate and shall be paynb9�, with int�r�st, iipon notirz fr+�m �.:civc�er to Borrower requesting
<br />_- payment.
<br /> 8.Mortgage Insurance.If Lender roequired mortguge insur:ince as a condition of mzilcin�tha 9aan securcd by this Secucity
<br /> ' Instrucr�nt, Aornowtr shull pay the prcmiums requircd to maintain dte mortgage i�nsurance in efCect. If. for any reasun, tho
<br /> " mortgage insurance covtrage required by Lender lapscs or ccases to be in effect,Borro�ver sh�ill pay d�e pnmiums r�cquired to
<br /> obtain cnver�ge substlntially equivalent to the mortgage insurancc pre�•arously in effect. at a cost substantially equivalent tn thB
<br />-':.� cosi to Borrower of tha tnortgagc insurance previously in eifect, fro:a�.an ultarnate murtgage i��st�r�:r approved by Lenc�er. I�
<br />, substantially cquivalent mortgage insunsnce covcrage is not c�vaila.i�le.}Y�crowcr shall pay to[.er.�er�ch month a siim equal to .
<br /> one-iwelfth of the ycaely murtgage insurance premium 6e.i2 paid by Borrower when the insurance ooverage lapsed or ceastxf to
<br /> . [�,i n effoct. L�:nder will acccpt,use nnd retain tl�ese payments as n locs mserve in lieu of mortgage insurance. Loss reserve
<br /> � Form 3028 8/9if �
<br /> ' Ppe3ot8
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