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<br /> 5. H�zard or Pmp°.rty �saruncce Borrawer shal! keep the improvemenu now existing or hereaRer erec4ed on the �.�..�.
<br /> property instued egainst toss by fire.tnazards inctuded within the term"exrended coverage" and any other hazaxds. including �`'�
<br /> t��ar fl�o.fa�w9ish I.ender requires insniattce•'I1us�nsurance sha11 be m�ntat��n the amounts and fot the periods �_ .
<br /> ' th�t Lender requims. The insuranc�c�rrier providing the insnrance shall be chosen by�orrower subject to i.ender s appeovai ��
<br /> which st�all not tse unr�sonably withheld. If Borrower faits to maintain wverage described above. Lertder may, at Ixndei s
<br /> S
<br />_._ option,obtain wverage to proteci I.ender's rights in the I'roperty in accordance with pa:agraph 7. �'_.
<br /> All insursnce po�icies and renewals shall be aooeptable to Lender and shall include a standard mongage ciause. Lender _
<br /> nce ��
<br /> shall have lhe ri�ht to hold the policies and rznewals•If Lender requires.E3orrower shall prompdy P,ive ro Lender all receipts of �z�
<br /> paid premiums and renewal rtotices.In the event of toss,Bnrmwer shal!give prompt notice co the insurance carrier and Ler.der. �._-Y�
<br />�� Lender may make proof of loss if not made promFtly by Basro�ver. �"`"
<br /> s Unles�Lender and Borrawer othenvise agree in writing.insuTance proo�ds sh�1{1�aPP�ied to restoration ar repair of the �'�'�
<br /> ' properay damaged,if the restoration or repair is economicaily fwsible and Lender's security is not lessened.If the restorauon or
<br /> � repair is aot economically feasible or Lender's securiry would b�fessened.the insurance proceeds sha11 be appGed to the sums
<br /> secured by this Security Instrument. �vhether or not then due. with any eaccess paid to Borrower. ff Borrower aban�ons the ���:�
<br /> propzrty,or does noi answer within 30 days a notice from Lender that the insarance carrier has offered to settle a ctaim,then �-,
<br /> " L.ender may c�llect the insusance proceeds• Lender may use the proceeds to repair or restore the Property or to pay sums �_u
<br /> . secured by this Secur+ry Instrument.whether oz not then due.The 30-day period will begin when the notica is given. ��J 7Ra:
<br /> Unless Ler.der and 8orrower otherwise agree in writing, any application of pmoeeds to princip,al shall not extend or =�
<br /> ' postpoae the due date of tPte mouthly payments referred w in paragraphs 1 aad 2 or change the amount of the payments. If �:'=��_
<br /> undtr paragraph 21 t�he Property is acquired by Lender.Borrower's rigfit to atry insurance policies and proceeds msulting from �••:;''
<br /> damage to the Properiy prior ta the acquisition shall pass to Ixader to the extent af ths sums sec�ued by this Secvrity 1.n.mume� �„<<:,....;
<br /> .�-,..
<br /> immediatety prior w the acquisition. -
<br /> 6.Oaxipancy.Presesvation,Maintena�and Pao4ection of the Progerty,Borcower's I.aan.��sstfc�:�oi�s. ��-_
<br /> Borrowier shall occupy.establish.and use the Property as Borrower's priacfcr.Grr1 residence within sixty��a•s after tF�e.^,:cution ef
<br /> , this Seeurity Instmment and shall coutinue to occupy the Property�s Borcu�er's principal residence for a[least crn year cifter �^�t���
<br /> f�Y?
<br /> the date of occupancy.unless Lender otherwise agrees in wri t ing.w h ic h w n s e t►t s h a l l n o t b e u n r e a s o n a b l y a r i t h h e�3, ar unless ��_.;
<br /> e or un air the
<br /> • � e�ctetmaring circua►stances exist wtuch are beyond Borrower's conual. Borrower shall not destroy, damag P �;-
<br /> � Property, allow the Property to deteriorate, or commit waste on the Praperty. Borrower shall be in default if any forfeiture =:,
<br /> action or proseeding.whether civil or crimiaal,is begun that in Lender s good faith judgment could result in forfeiture of the
<br /> ' Property or otherwise materially impair the iien created by this Security Instrument ar Lender's security imerest-Borrower may
<br /> cure�:sh a default and reinstate,as provided in paragraph 18.by causing the action or praceeding to be dismissed with a niling �
<br /> . ihat, i�Lender's good faith determination, precludes fosfeimre of the Borrower's interest in the Properry or other material �:
<br /> impairment of eht lien createG by this Securiry Instrument or Lender's security interest• Borcower��Il also 6e in default if �
<br /> � • Bonower.duri��e loan application process.gave materially false or i�rate information or s�*�xients to Lender(or failed •
<br /> ' to pravide Lender with any material informa��)in connection with the C�a evidenced by the Naie,inciuding,but not limited a_,,,_.
<br /> to,tepresentations wncerning�rtower's occupancy of the Propesty as a pancipa!r�ide�ce.If this Security Instrument is on a ��..
<br /> leasehoid, Borrower shal! wmply with all the pmvisions of the lease. If Bnrrow�:a:quims fee tide to the Pcopercy, the ��.n�_
<br /> leasehotd and thY fee title shaU not merge unL�ss I.ender a�ree.s to the mer3er in writing. � �,.
<br /> ... 7.proqe�ico�08 Lendec's Ytlghts in th.Property.If Borrower fails to perfoisn tha covenants a-�.3 agreements contained��u
<br /> _._ this Security Insmiment, or there is a legal proc,eeding t1�at may significandy affect Lender's rights in the Property (such as 3 �'
<br /> • prooaeding in bankruptc>, probate, for condemnadon or forfeiture or to enforce laws or regulations),then Lender may da and __
<br /> pay far whatever is necessary ta protect the value of the Property and Lender's rights in the Pmperty 1.ender's actions may �
<br /> i�,:�-�e paying any sums secured by a 1i�s��vhich has priority over this Security Instrument, appearing in court. paying !__
<br />' � `� re�anable attomeys'fers and entering on�`rz Property to make repairs.Although Lender may take�on under this paragtapt�• ��:
<br /> . ' 1�t��'.der daes not have to do so. � •
<br /> • Any amounts dlsbursed b� J.eader under tttis par��raph 7 shal! i�ome additi�al debt c.��s3nrtower s�ured by thxs • —
<br /> ' Security Instrument. Untess Bo:sower and Lender agrce to other terms of payment.r�ry�amounts sl�ali b�r int�est from the �-
<br /> date Qf disbuisement at the Note rate and shall be payable. with intereat, upon naa�° flrom•Lezafr�to�Borrow�r reguest� _
<br /> . payment.
<br /> 8.Mortgage Insuranre.If Ixnder required mortgage insurance as s�:;aadition of mal�ing the loan secured by this Seatcil.�� �
<br /> • Instniment. Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If. for azry reason, the �_
<br /> . � mortga;e inswance coverage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums rtquired to
<br /> , ,;., obtsun coverage s.ibstantially equivalent to the mortgage insurance previously in eftect.at a cast sabstandally equivalent to tits �_
<br /> . ���=�� wst �to Boaoa��af the mortgage insurance previovsly in effect. from an a}temate mortgage insur..x:appmved by Lender. ffr
<br /> • substantially eC�ivatent mortgage insurance coverage is noi available,Borrower shall pay to Lend�^ac�h month a sum equ�[rr�
<br /> � one-twelfth of t�e yearly mortgAge insurance premium being paid by Boaower when the insurance eaverage lapsed or ceased fn
<br /> be in effect.Lender will accept.use and retain these payments as a loss reserve in 1:�a of mortgage insur�_ Loss r�esve _
<br /> iorm 3�28 Sll�� — �
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<br /> Capo 3 of 8
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