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<br /> 5. FiaraM or Pro;�riy In�uwec�e. Burmwer �hall keep ttie imt•m�enxntti now etisting i�r he�eaCter tr+actal on the
<br /> Pit�peny inwr�xi �yalnst loss by firc, h�rris i�kludecl within the t�rm "ezten.�ed r.n�eraye" and any�ther huirds. includinZ
<br /> fioads or flocxfing. fo:which l.�nder rcquires insurance. This insuraxe sl�11 t�c tnainUimd in ihe anwun,s��xi fur the pe+incls
<br />, t1u�t Luxkr rcyufres. The insurwue cYnier pmviiling the insurw�ce sJwll be ctwsen t►y B+►rrower subject to Lender'x a}�prov�l
<br /> which �wll iwt be unrcasonably withheld. If Borrawer fuils to inaintain cover�ge�lescr�t,eci ebove, Lenler �my, �t Leixier'.r•
<br /> option.oMain��acerags to{±miect l.ender's rights in tht Property in urcardanee K•ith�+arasrnp.h 7.
<br /> All inwranc�; policies and re��ewsls shall ba aceepta�k to Lcndcr and s.hall include� stzndard monbage cl�use. L�uler
<br /> snalt h���:thc riFht to hc.til tAc�wlicis and n.newals. If l.ender ,rcc,uirYS. Sorrau�cr ch�ll rrom�tly gi�•e ta 4r�er�ll rr.n:iptc of
<br /> puicl premium+and rtnewal notices. fn the event of loss,Sonow•cr st�all�i�•e prompt notic:e ta the�insunince carrier a�xi Lerxler.
<br /> Lqnier may uwke proof of locc if not m�de promptly by Borrower.
<br /> Unless L.ender and Borrower atheswise agtt�e in writing, insurxnce proceeds shzi 1 be appliod to restorrtian or repair of the
<br /> Property damaged,if the restorntion or repair iy ecunomically ftasiAle aiui Lender's s.ecurity is not lesse�ied.lf the restoration or
<br /> repzi�is�w1 ecawmically feasible ar Lender's securiiy would be IesseneQ, the insuranoe Procceds shall be applied to t}K sums
<br /> securod by this Socuriry insnumeru, whetl►ar ur not then due, with any excess p�id to Borrower. If Borrower abandottis the
<br /> Property, ar does not answer within 30 dnys u notice from t.ender thu the insurarxe �rrier hu offen�d ta settic a claim, then
<br /> Lender may collect the iacurance praceeds. I.ender may use the proceeds to repair or mstore the Propers�� cu to pay sums
<br /> securaf by tGis Security Instiument,whether or�wt thtn due.lfie 30-day period will begin when thc no�tice is�i��en. '
<br /> Unlcss L.eruler and Bonower otherwise agree in writing, any application of proce�is to principa!stu91 nat ezten3 ur
<br /> post�wne the due date of the monthly payme�us Rfcrrod to in paragraphs 1 ar,d 2 or ctsange the anwunt of the paymea¢s. Ii
<br /> under par�gra�h 21 the Property is acquired by Lender,Borrowei•'s r'ght ta any insur.uice policies�nd proceecls rewiting fram
<br /> damage to the Property prior to the acquisition shall pass to Lec�der to the exteut of the wrYU secumd by this Security Instrument
<br /> iu�modiately prior to thc acquisition.
<br /> 6.Occupaocy. Arservatioa,r1�� c�p aad Protectbo of the Pn►perty�Borrov`a's Lo�Applicsstir�n:I.eoceholds.
<br /> Barrower shall oecupy,establish,und��¢�Propeny as Borrower's principal reciderue within sixty days�fter tht exocudoa of
<br /> this Sxurity Instnwn�nt and shall conti»;at So occupy the Property as Borrower's principa]msid�ce for at le3st onc ye�r afttr .
<br /> the date of occupu�cY,unless Lender c�thziwise agro�c in writing, which cvnsent sha�ll not be unreasonably v►•ithluld. or urd�cs ,
<br /> extenuuing circumsiuias ezist which are beyond Bomnwer's control. Bomower s�yU not destroy. dan��a or impair the
<br /> Pro�erty. allow the Property to deuriorate, or commit waue on the Property. Borrower shall be in defau;¢ if any for�eiture
<br /> action or pca�.�ediag, wt�ether civil or criminal. is begun thzt in Leu`ier's good fiith judgm�nt oould rwilt in forfeiture at'the
<br /> Propeity or e�lhenvise m�teri�lly impair the lien c�eated by this Security Instnune�t or lers�der's sacurity interest.Borrower m�y
<br /> cure wch a dafau�t aal rrarLState.as pravidod in pangtaph 18, bY cwtsing the sction or prooeediag to be diutnssed with a n�riqg
<br /> thst. in I.ender's good faith detem�ioation, procludes forfeitut+e of the Borrowu's inter�est in the Propexty or other n�ateFi�l
<br /> impaimxnt of tbe lien created by this Security Instrument or Len�kr's security interest_ Borrower siwll�lsQ be in dcfaule if
<br /> Borrower,during the loan application process.gave materially false or inaocurate inforroation ar s(atements to I.rnder(or faa�al
<br /> to provide ia�der with any materia]infoam.ation)in coruxction with the loan evideaced by the tiT;x�, iaclading,but not li�iiied
<br /> to.represeatatioac oonceming Borrow�er s caoeupancy of the Property ac a principzl residtao�. If this Sa,-u:iry Inurumau is on a
<br /> SeststhoW. Bosrowu shall comply with sS] the provisia�s of tLe le�ce. If Bomowu ycquires foe title to tl�e P�nQaty. the
<br /> Leasehold�ad ttse fee tide shall not merge unless LRa�der agrces w the merger in writuig.
<br /> _i.��eooao oi i.aders ici,�is�uie i�vpaiy.ii Horrowu iaits w peiicxm Tne covc�n�ts�i sgt�ms�in
<br /> this Security, It�strumeiu. or tbere is a f,�i P*ocadin8 tlsat ms�y sigaificatuly affax L.e�t's rights ia the Pr+opetty(such Ys a
<br /> prooeediag iR i�u�lcruptcy.probate. far oot�mnation or forfeitu�or to enforoe l�ws o�ngulatioas),t1sa�I.ra�der way do and
<br /> p�y for a1saG:ver is nec�ss�ry to protect the value of the Property and I.ender's rights in th�Pmperty. L,ender's actians rnay
<br /> iaclude p�ying aay wms secured by � lia� whieh hac priority ovu this Security inst�u�nu. appearu�g in oourt. paying
<br /> rtasonable anomeys'fees and enteriug oa t1�e Property w milce repairs.Although Leacler u�ay t�ice action under this para�raph
<br /> 7.Laxkr does not have ta do so.
<br /> My a�wanu disbursod by I,a� andu this paragraph 7 sls�ll beoome additioaa�l dcbt of Borrower socurcd by thic
<br /> Securiry Inwumeat. Unkss Bornower ao�i I,cnder agzee ro otlser terms of pay�nmt, t�sc anwunts sha11 bqr interast itnm ilu
<br /> cate of disbursement at tE�ee Note rate aod sh�ll be payable, with interest. upon Qotice froao I.eader to Born,�urv �+equestinY
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<br /> 8.Mort�ge Iasuranee.If Lender required morcgage ins�uana as a condition of ma3cirz.ti�loan ucurod by this Seauity
<br /> Instrume�u. Burrowu sha11 p�y the pmniums required to m�;R►s;++ the mortgage insurAnce in effoct. If, for any reason. tbe
<br /> mortgage insurac�oe oovcrage roquired by Lender lapses or oea�cs to be in effxx.&,rrower sl�all pay tb�premivass roquirod to
<br /> obtain covuage substantialiy equivalent to the mortgaga insur�m p�+evious�y in effect,at a cust substatuially equivaletu to tbe
<br /> oost to Bormwrr of Wc u�ortgage insar�oe previonsly in effea. fran�altr�te rnortg�ge inwrer approved by I.ader. If
<br /> substwtia�ly equivalent murtgage inwr,u�oe ooverage is not availabk.Borrowee sh�ll p�y to I,e�dex each month a sum oqual w
<br /> one-twt1P.£�of the yearly cuortgage inwtaoce premium being ptid by B�rrowet when tbe ituur'�ooe ooveragc tapsod or ceased W
<br /> be in effea.I.es�der will�ocept, use aad rceain thae¢aymeius as a loss reserve in lieu of moKgage insuiaQa. Loss reserve
<br /> iorai 30�26 8/90
<br /> no.ade
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