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<br /> 5. Hazsrd oz Progerty �nstirnace. Eor�wer sha11 keep ttte impr8vemeats now existing or hemafier erected on the
<br /> - gt,�gcr,y insur�ag�-�sisst loss by fire, Lazarcls includetl within the term"extended coverage" and any othe� hazards•inc(cding ��.�.
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<br /> iland,or licoding,fai which Lender requires insuraace. This insuranre shall be maintained in the amounts and for the gEriods �:ry-.
<br /> ` that Lcrtder requires. 'Ttu:usurence carrier F�°viding t1u=insurance shall be chosen by Barrowu subjed to Lender's approval �__,�
<br /> _• �vhich shall c�ot ba unrsesas�nhiy withheld. If Barro�ver fails to maintain coverage describe�above. L.ender may, at Lender's '�""
<br /> � optIon,o8tain�r•eea�te.te��:::a*�ct I.ender s righu in the Property in accordance with paragraph 7• `�=-
<br /> � �� A(I insuxutice po!'v:iee a�.d r�ewals shail be acceptabte co Leadu and sball include a stundard mortgage clause. T.ender -
<br /> yhall h�vc th�right to h4td:���olicies and rene�vals.If Lender requims. Borcower shall promptly give to Lender all receipts of �:h'
<br />� pald Fremiums and rene�vnl�a�xs•In the event af loss,Borrower shall give pmmpt nodce to the insurance carrier and Lender. !
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<br /> ��=`� i.endrr m�p�ake pn�of uF°Q�F i�r�x made promptly by Borrower. e—__
<br /> Untess Lettder and�urr�n�er c�rsvise agree ir►writing, insurance pmceeds shall be appGed to restoratian or repair of the ----.-
<br />'.�,;;' Ps'operry damaged,if the resta'ati•Ja�re�ic is economica�ly feasibte aad Lender s security is not lessened.If the restoration or �._-
<br /> rpair fs rtot ecoaomically feasib!e or�'s security would be lessened,the insurar.ce proeeeds shall be applied to the sums ,,:�;..
<br /> " scsured by tEi�s Security Instrument, W+��d�r u�s�:c�az due,with any excess paid to $crfl�er. Jf Borrower abanalons the �
<br /> Praperty.or dacs nos unsrrer withia 30 days��x:��i:'fl���'���e insurance can'►�'1�,�o�rred ta settle a claim.then _.„-
<br /> Ler.des m�y coltect the in4arance pracee�s. 1.ender may Use:3e pxn�.^e�ls'to repair ar res�ora ih�:�rapecty or to pay sums , ��i•
<br /> . � secured by this Saurity Instsument.whether or not then due.T6e 30-day periad��':�svhan the r����is 8ive�. ��:
<br /> flnless Lender nnd Borrower othenvise agree in wri[ing,any appGcanion�f proce�s to pr�ncipsl sha11 uot extend or �r::
<br /> postpone the due date of thc monthly paymtnu refe-red w in paragraphs I and 2 or cha..���ze a.vonnt of the paymenis. If '°`�'�
<br /> ` under paro�ru�h 21 tRe Propeny is acquired by Lender.Barcrtaer's right w any insura.a��lic�.s and Prareeds result��from �-
<br /> � damage to the Property prtor ro t�e acquisirian shalt v�sss�3:e�c3er to the extent of the s�s sacirrec by this Security+Instmment _
<br /> •� immedi�cely priorto thc acquisition. �=
<br /> . 6.Occupanry,Preservation,M�lnte�auce s�2 F�'t�on of the Progerty;Hornr.�rEr'c+�:raun AppIIcatlon;Leasehotd9.
<br /> ..' Bonawer sGsill accupy.establish.and use the Pri.�pW a?r:�.s Sorrower's prinapal residence�tria s�,.--zy days after the execution of �`:,-
<br /> • th'ss Securiry Instrument and shall wntiGUe ta a��y�e Pruperty as Bortower's pancipa.�c�dencE for at least one year after ,.,..,
<br /> the date of ascupaney. untess lrestder othern+is:�*.scs i.�writing, which consent shall not be��sonably withheld,or nntess ��__,:.
<br /> extenuating circur►�tances eaist whIch are heyo:r� I&�_�wer's control. Borrower shall not :z�y, damage ar isnpair the �
<br /> Froperty.allow the Prapetty to deteriorate. or oa�� aaste on the Property.Borrower sha��i� defaWt if any forfeiwre �-
<br /> • ,"� � action or p;ocec.dtn�.wAether clv�l or criminal.is b�►1�at in Lender's goad faith judgme�t c�-.u�•r�sult in forfeiture of the �
<br /> , Property or aihenvise mutertally impair she lien cre��-�this Securiry Insuument or Lender's��-�:.'+�•�st.Borrower ma�
<br /> cure such a de€ault und minstate.os pmvlded in pma�nF�18,by causitrg the acaon ot pmcc:�i�`rr��ra Iliscnused with a niling
<br /> � that. in Lertder's gaod faith determinarion. prxludes for�eihue of the Borcower's inte� in rihe�i�pere�i-or aw�.material ��"
<br /> • , imgairment of the lien cceatcd by th3s 5ecurity Insuvment oz l.ender's security interes�. fl�T:,-��'�11�a b��n rt��vlt if
<br /> '� �: Boaower.du�Ag the taan application process.gave materially false or inasc�rate info�aune.srz•�2s+to i.�n�ct�oi fsuted ���
<br /> • .� to provide Lender with'nny material infartnarion)in conneMion with�he loan evidencert by nfi�:Vote,'�:.Tuft�ng,t��c�ax limited
<br /> .. •• ; to.representatlons cartC�ming Buttower's nc�upancy of the Property as a principal resir3��w af this S�cu�In$uv�,✓�t is on a �
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<br /> leaseho2�. Bozrower shult comply with all the provisions af ths lease. If Rorro�ver aay-{t�ir�s fee atle t�+the ��-r:�3�. t4ie --.a.�_
<br /> leasehoid ead[ipc Fce tit3e sh�il not mergc untcss Ixnder agrees c:+�.he raerger in writing.- � �' �=
<br /> 7.Protecttna mf l:endes'R Rtghts in the Propeety.If Bo��ves fails to perform the ca��ti.n��s�ct��e�s contained in
<br /> this.r�ecutity lnsttument,or thero ls A legat proceeding that m��significantly affect Lend�'a�;bts ia ahe Pcvperty(such as a =•°
<br /> � praceeding in bankcuptcy.probat�. far condcmnation or forfeimre or to enforce laws ar r�gu��ons), t�i�Lender may do and , �
<br /> , � pay fo:whatever is necessaty to protcti the volue of the Pivperey aad Lender's rights in th:Property. L.ender's aotions may �
<br /> • inctude paying uny sums secueed by o {ien which has prioriry over this Sec�uity Iastrument, appearin�in court, payiag �f:,�
<br /> '; ,:�� reasonablo ataomtys'fces and cnttring on�lte Property to ma�ce repairs. Although Lenrler may take action under this paragraph �;n'�
<br /> ' 7.Lendar does not have to do so. . _F�-
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<br /> ••. Any Funounts dis6urssd by I.ender ua�er this pt�ca��� sLalY become addidonal debt of Borrcwer seGUred by this �
<br /> Securiry InstrumcnL Unicss Bonaw,�r and Lender agree to o;.'�zr�amis of payraent,thesc�.-nounts sh.�!!i�aa�terest fmm the
<br /> '. d�te of disbursement at the Nat�C mte und shall be payable. witb interest. upon notic�f.r,�:c�;i:r_r�.ec tm i��r�:vr:�;��?zst�n8
<br /> • payment.
<br />� . • , � 8.Murtgs►ge I�urmsec.•tf i.eitder required mor�ge insurance s.g e condition of na.UGm.��e i�m��»y�:c:s�e�±;rity
<br /> `� ,.� Instrument, $otrower shsll pay tftL prctniums r+equirod to maintain the r.nartgag� insur-,�;.e i� effecF. ��, �ar atty r�son, the �
<br /> : mortga�e tnsuranoe covemge rc�uircd�y L.endcr tapscs or ceases to be in.a:.`ect,Borra��°.�'�pay the preminrns r�T�:�d to �._�
<br /> . obtain wverage 6ubstuntiully equivntent to tho niatigage insurance prev::�rs:�_3r:a effecc,4s�.�u„��t substantiaDly equi«-��'.•:t�Lo�: f:°�
<br /> ` cost to Bonower t►f tho mortgoge insw�nce prevtously in effect, fro�n s��"s;a-nate mort��e iasurerappmv�i t,;��a:7cr. If =:=.
<br /> � su8stantialJy cquiv�tent morrgage insurance coverage ia not uvnilabte,Bona��sball pay ta i.c�der earh rns^;�_:L�a�r�7 to
<br /> . ' one-2wgltlh of the yearly tttort�age insurance premRum being paid by Borrowec when the insurance on������.:{�.�a�r oe�sed ta _._.
<br /> be in effect. Lender wiU�ccept.use ar�rernin these pa�ymrnt�as a loss reser�e in lieu of mortgage �a>�uaw.. funss reser�a �;:
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