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<br /> . 5. �Zard or �roperty dnsusance. Borrower shall keep the improve�ents no�v existing or heraRer erected on the
<br />' .�, ` ProPert3+ insured againsc toss by fere. hazards inciuded within thz term"extended coverage" and any oiher hazards, inciading �•.
<br /> ftoarls or fiooding,for rkhich L°ader reqaires insurance• 'This it�utance st�all be maintained in tha amoun4s sind for tfte periods �;;
<br /> .,a
<br /> that I.end¢r requires.The insur�►nce carrier providing the insuranoe shal{be chosen by Borrower subjcct to Lender's approval �_
<br /> u ►n
<br />; •t, which shall r,ot�e ur�sonably withhetd. If Borrawer fails to maintain coverage descrsbed above, Lender may, at Lender's �,_
<br /> � option,obtai�coverage to protect t.ender's rights in the Property in accordance witt►P�B�Ph 7• ""`:`_
<br />__ All irsuranrz policies and rene�vals sha116e acceptable to L,ender and shali inclade a standani mnrtgage clause. Lender �-':'
<br /> shall have the rig;it to Aald the policies and renewals.If Ixnder requires,Borrower shall promptty gice to Lerdcr a!1 receipu of �=?��
<br /> .�-,�.
<br /> �t' paid premiums and rene�val norices.In the event of loss.Borrow�r sftall give prompt notice to the inwance carrier artd Lender. _
<br />�-� Lettder may ma.ke proof of loss if not made pmmptly by Borrower. �'-`
<br /> Unless I.en�ler and Hc�rrower atherwise agree in writing,insurance proceeds shall be applied co restoration or repair of the �-�_'
<br /> � Froperty damaged,if the r2sto�iion or repair is econQaucally feasible and Lender's secwity is not lessened.if the restoration or �"�
<br /> repau is not economically f�asi3�e or Lender's security would be lessened,the insurance prooeEds shall be applied to the sums �°'�
<br /> � secunori by this Security Inswm�c:t, whether or not then dle, with any excxss paid tn Borro�ver. If Horrower abandons tiie �'•.
<br /> Ptnl;c-rty,or does not answer vr_'��30 days a natioe from lPnder that ttte i�asuraifce Gssrier has offered to settle a claim, then �-�—,
<br /> Lea�r m� caD�cc the insurdnce prooee�s. Len�er may use the prareeds W reprrir� restore ttie Property or to pay suuts —
<br /> �,ircxt.Ly.this$vx.�Iflsuument,whether or avt then due.The 30-day period wiI!���;.n when the natice is given. '°�'�:
<br />-�:,y.,". L'r'� �t��r�snd Borcus+�'otherwise agree in �vriti��, any apglirasion af�x-�eds to principal shall aot extend or �:,�:-.
<br />� `' p:�aa�e�'cP d���a:e oi the cann�►ly payments referr�ed c�in paragraphs 1 an�! 2 er c'trange the amount of the�s3ments. if �Q,�,�,��:"�
<br /> �nder pasagrag!3��tha Praperty is acquired by Lender. Borrower's right to any i�e.-�ttx policies and pracec-ds�axiti.��ftam =__=_
<br /> ' damage to the�mmpert�prior w the acquisirion shall pass to Lender to ths extent of t�a surns secured by this Secvrity I,-bstnim� ��'==:�
<br /> .;i.J� .
<br /> ° inuuediately priar to the acquisition. �"��}'�
<br /> E�.`:°��=<;.
<br /> � 6.OccaAanc9,Presesvattocy 14�Iaintenauoe aad Protesiton of the Pco�4y,lE"x:awwer's Loan Appllcatfon.Leaset�oids. �,�;�_.
<br /> _. Borro�rer shall occupy.establish,and use the Property as Eoaower's principal resi�3vn��vithin si�ctS+daYs after the execution of ;'���_.
<br /> � th�s Security Insuument and shal(continue to uccupy the Pnogerty as Borrower's pr6►cipal resideace for at least one year afier ,�.
<br /> . the dnte of ocplpansy,unless Lender othervrise agrces in writing,wiiich eonsent sUall not be unneasonably withheLA.or unless•
<br /> extenu�ting c.yr�ms�aqces exist which are 6eyond Borrower s conEnml. Bonower shall not destroy. damage or impair�.�"a�a
<br /> ' Pm 3UpN LIi9 Pi0 e to deteriorate, or commit waste on the�erty. Borrower shall 6e in defauit if any forfeiture '�
<br /> ,. P�Y. P �
<br /> ac¢�on or proceeding.whether civil or criminal, 9s begun 2hut in l.ea�d�'s good faith judgment could result in fozt'eL'rare of the .��
<br />'~ % • Ptogerty or otherwise materially impair the lien created by th#s S�dnsinunent or Lender's security interest.�::rower may ���µ:�
<br /> • cure such a default aud reinstate,as provided in paragraph 18.by cau�ang the action or proceeding to be dismissed with a rni� —
<br /> that, in I.cnder's good faiih detercninati6n, precludes forfeiture of t�a��rrower's interest in the Properey or other�ateri�l E_���
<br /> , impairnnent of th: lien createtl by this Security Ynstrument or l.ender's szcurity interest. Borrower shall also be in default i� rs{
<br /> th�
<br /> • • '. Borr�wer.during the loan app}iaation process,gave matereally false or inaccurate infar�at3on or statemercts to L.ender(or fait�d � ��i�;
<br /> , . ; t to Q�+nnde Lender arith aa}+matorial informadon)in connection with the loan evideao�J�iy the Note,including,but i�ot limited :��;.
<br /> �i
<br /> to.representadons conterning Horcower's occuQancy of the Froperty as a prineipal resi��.ace.If this SeeurIty Instsument is on a �.�
<br /> �, lease�bltl� garreaw�r sh�ll comply witb all the provisions of the lease. If Borrower acqu'ues f�due to the Property, t�:. _
<br /> 'Y � teasc�hatd and tb4a�title shall not merge untess L.ender agrces to the merger in writing. . _
<br /> ' ' � '.7,k'rptettton oY Y.endei's Rtgt►ts in the Properiy.If Soaower fails to perform the covenants and agreemems wntained.� - -
<br /> �. this S�dry Instrument.or there is a legal proeeeding that may significantly affect l.ender's rights in ihe Fto,���sucl�as a. � :_
<br /> . . „; proceeding in baniwptcy.probate,for eondemnation or forfeituie or ta enforce laws or cegutations).�hen Lender may do a�3
<br /> Qay for whatever is necessary to protect the valae of the Property aQ�U.r.:.der's rlghts in the Propert}+. Lender's actions�„a'. .
<br /> :' • include payIn� uny sums se,c.ure3 by a lien which has priority over�tis S�ty Insuament, appearing in conrt, paying .
<br /> ' rpsonable attorneys'fees aad�rotaring on the Propeny to make repairs•�►Ithough Lender may take action uader this paragtaph
<br /> ' . ?,I.ender does not have to do so.
<br />_ My amounts disbutsed 6y Lender under this paragraph 7 shail become aQditional debt of Borrower sectired by this �-
<br /> � Securiry Instrament. Untess Bonower and I.ender agree to ottter terms of payment.these amounts shall bear interest from the 6=i-:;
<br /> r.-....
<br /> • . I date of dlsbursement at the Note rate and shall be payable. with interest, upon notice from I.ender to Bonower requestmg ��""-
<br /> �
<br /> .• � pa 8n Mortgage Insmgnce.If Lender required mortgage insurance as a wadiaon of making the loan secured by this Security �
<br /> �.� � Insttument. Borrower shall pay the premiums required to maintain the martgage insurance in effect. If. for any reaso.n,the —.
<br /> • • ! mortgage insurance coverage required by L.tnder lapses or ceases to be ia effect, Borrower shall pay the ptemiums requireci to
<br /> ' , � obtain coverage substanNally equivalent to the mortgage insurance prevlously in effect.at a wst su6stantially equivalent to tho �mr=
<br /> �� i wst to Borrower of the mortgage insumnce previously in effect,from an altemate mortgage insurcr approved by Lender. 1f
<br /> ��: y sabstantialty equivntent�nortgage insurance covcruge is not available,Borrower stn�!Qay to Lender each month a sum eqval to _
<br />- � one-twelfth of the yearly mortgt�ge insurance premium being paid by Botrower whvn the insurance covernge lapsed or ceased to
<br /> : � be in effect.Le�.s3or will accepi,use and retss�n these paymenu as a loss eeserve in lien of mortgage ins�rance. Loss ieservo !:
<br /> • Form 30Y8 9190
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