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<br /> V;- 5. Hauu'd or Prmper�y �+��s• ��O�ver sl�ll keep the improvecttents Row exiatin� ar hereaRer erec2ed oa�he
<br /> pmpePtY insured against loss by �ire. hazards ir�ctudcd within the term'eatended roverage'and any other t�ards. including �:.�A.
<br /> 4laods or ilooding.for which Lcr.de.^requires insur�nce. 'Q'hts insu�ce e1�a1!be maintainod in the amoantg und for the pcdods �e:-f..s--
<br /> 4
<br /> � that Lercder nquires.'i`iie insumnce carcier providing the insusance shall as thosen by Bon'ow�r subject ta Lendtr`s approval �
<br /> �;:-`-A
<br />_•__ which siu�il nnt t�.unse:,sanabiy witiihetd. lf�s�to�er fails t� maintain coverage destribed aba�e. Lender may. at I�nder's ��. .'
<br /> option.obtain oovcra�e to proicct Lender's dghts in ths Froperty in aocordance with Qaragrapl�7.
<br /> p�� i��ce pQf�c{es and cen�vuals sl�all be acr,eptabie ta Lend�r and sha11 include a standard mortgage clause. Lendet �.y
<br /> - st►s�l E�w tlt�right co�!old the policies nnd�e�of loss.Borro�v�shall�gigve pro pt nou'ce tothe nsurance carrier�aRd I�nder. ��"-°''>
<br />�� p�id pr�miums aad renewui nniices.In the e , �-�
<br /> Lender may make praof of loss if not made promptiy by SorroKer. �s
<br /> Unless Lender ans!Borro�ier otherwese ap��m tivrtting.insuiauc�proceeds shall be applied to c�storation or repair of the �,-�.�,_,s_
<br /> .�. peo�erty damaged.if the res3oration or�pair is economicaliy feasibte and Lender's security is not lessened. If the restoratiun or �•.�
<br />' � repair is not economically feasible or Lender s s�curity cvo�ld b�le�.senod.the insurance pmceeds shall6e applied to the sums �;�-._-
<br /> �,;�;
<br /> seciued by this Security Instrument, whether or not tiien due. witb any excess paid to Bocrower. If Borrower abandons the
<br /> �'�,_Y�_:..
<br /> t
<br /> Property.or do�not answer within 30 days a notice frum f:ender that the insuzance carrier hus offered to settle a claim.then E��R:._�n v=.
<br /> or restore the Property or to pay sums �;�;';.f;'.
<br /> Lender msy oollxt't the ins++sance Pmce�• 1-�nder may ase the proceeds to repair when the�otice is given. R'
<br /> ��by���uety lasuument,whether or not then due.The 30-day pe�� of a�s to principal s8a11 not exsend or �
<br /> � Unless Le�er and Borrower otherwise a�+ee in writing. any a�1� P _ _ _
<br /> . gostp�ne the du�date of the monthly payments referred to in paragraphs 1 and 2 ar change the amount of the payments. If =-__
<br /> h 2!t h�P roperty is a c q u i r e d b y Ixnder. Bor[ower's right to any inswance Policies and proceeds�svlting ftom
<br /> sadcr ParsoraP —_—
<br /> cl�mage to the Praperty prior to the acquisitioa shall pass tn 1.�nd�r to the extent of the suQns secured by tfus S�cnritY Snstn�tent ----_
<br /> i�iately priar ro the acquisition• �
<br /> Borrower's Loen Applicu8on;Leaseholds.
<br /> 6.p�p�cy,Preservatlon,MSintenanre IIitd PtOtection Of We PcOpel'ty; after che execuaon of _
<br /> �o;rower shaq atxupy,enablish.and ase the Propert}+as Eorrowei s principal iesidence aitltia sixtY daYs �'
<br /> the as Borrower's principal residence for at least one year after �.,��'
<br /> . � tdis Secs�ritY Insttutae�t aad shail wntimte to occuPY �PertY ---====
<br /> � ths date of occapancy.unless II�der otherwise agrees in writing,wiuch consens shzlt not be unieusonably arithheld,or unless !�(�'_�
<br /> � excenuating «�s�nces ezist wtuch are beyond Borroner's control. Borrower shall nnt desuoy. dama�e or imp�ir the ,��,_.:
<br /> ' prope�ty�allow¢�Propetty to deteriorate,or commit waste on the Property. Borrower shall be in def�lt if b.ny forFeiture ��
<br /> �":.
<br /> ��' .� ac�io�or p��.�mg, ahether avii or criminal,ia begun that in Lender's good faith judgment could result in forfeiture of the -
<br /> e
<br /> , Frogerty or otherwise matetially impair the lien created hy ttns Security InseNment or Lender's securiry interest.Borrower may A
<br /> ' cure snslt a default and reinstate.as pmvided in paraSTa�'a P.�.by c�using the action or pmceeding to be dismisse�with a cullng ��r; '
<br /> � � ip�'�g�d faith determination,Precludes f�szinue of the Bonower's anterest in the PropertY or other material
<br /> ��
<br /> , impairment vg�¢tts�ien created by this��'*ty Instrument or Lende.�'a�srity inreresi.Barroc�er shall aiso be ia default if� �,,_-
<br /> � Borruwer.d�r�ig thc laan application pierar�s..gave mateiialLy false or vr�ccurate information or�i,�ha�ents to Lettder(or failed
<br /> . to pmvide I.ender with any cnaterial info�naltion)in co�ection wiW thz loan evideua:d by the Pdm'�.including.but not Gmiteti �_r,,,
<br /> tc�,cepr�entations conceming�Borrower's occupancY of the Properly as a prinapat�aidence.If tius Secarity Instmmenx is on a
<br /> the �';;_
<br /> t�r�*�btQ, Borrower shall cemply with a!L the provisions of the lease. If'$orrower.acquires fee dde to the Prop2rtY, ���yW,
<br /> • leasehold and gha fee titte s1�a11 not merge un(ess Lender agrees to the morger in writimmg-� __
<br /> ,..". 7,Ptuta��n��Lender's Rfglits iu We Ftoperty.If Horrower feils to perform the oovenants and ag�mxmenu cantained iat� ---_
<br /> ' t�' ��urity Tnstcua�nt.or there is a legal proceeding tliat may signi6cantly affe�Lender's rights in the�perty(sach as;�•
<br /> • � p:viceedina in bankruptcy,probate.for condemnation or forfein�re or to enforce laws or[egulations).then Leader may do and ��-
<br /> pay for whaterer is neeessary to protect the value of c..`��operty and Lender's rights in the Progerty. 1:ender's act�ions may c. —_ _
<br /> include payin� �t�y sums secured by a lien which has p:iority o�-er,this Security Insaument, aP�arin8 in eauR, paY�& �
<br /> ,'•''��;� reasonable at��nays'fees and entering on t�►e�Proper�;►��e zeP�"�-��6u8��nder may take action�ader this paragrr�h ____
<br /> 7,Lender does nut have W do so. ' • �.
<br /> •. '� pny ��� �b�r}�iy. i,ender under this pamgraph 7 sfiail become a�'�.i�ional debt of Barcower secured by this v__
<br /> . �,.,
<br /> . ;�;�rity Insnument. Unles�.i��rrrower and�ader agree to other tenns of pay�e�sr.,�hese amounts shall bear interest from the �.y;;.
<br /> ' ' cs�e.of disbursement at the Note rate and shall be payabtc, with int�est. upoa:�otice from Lender to Borrawer t�e�n$ �.-
<br /> �' �. '� , :�,,:
<br /> .� .� ��yment.
<br /> S.Mortg�ge Insuran+ee.If 1-ender reqaired mort�age insuraaca=x�•�a condition of making the loan securea by this Sevt�� ��?
<br /> .� ' �;��ttrum4mt, Borrower shall pay the premInms required to maintain°�w mortgage insurance in effect. If. for any:reason, the
<br /> . �r,�(mgage insuranre caverage req�ired by Lender lags��or,ce�s0s ta b�in effece,��nower shal}PaY��P��:w���4�red to :
<br /> o3'tain coverage substanda3lY equivalent t�the mortga_�insurance�.�viaaslY ia�'o�c,ut a oost substanrially��vatent to the
<br /> wst to Bomower of the mortgt�ge insLrnnae_pre�+iousiy in effect, t�:►m c�n stlt�.."•?e mnrtgage insurer approved by LenC�� IP =-=
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<br /> ' � substas�tia7ly Equivatent mortgage ins►tr•1n;.e coverage is not availab,��s;�a�s'oa�er�alt pay ta Ler�'`.�:r each moni6 a sum eqc":�to f
<br /> ' one-twelfth of the yeariy zr�aTtgPge ins�:sance premiurs being paid by 8ursowe���°n ihe insarance coveruge lapsed or eeased w .
<br /> . be in effect.I.ender will as�v�n.use and tWain these paymentc as a toss reserve im tieu of mortgage insurarACa: Losa mserve
<br /> Gvrm 3028 9190
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