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<br /> : 5. H�a��d ar Pruprrty Iu+cu�wce. Born�wer �all loep tbe in�pro�ttueius nuw eaiuir� �u hertatkr era�tal cxt the
<br /> ; Prc�pett�• istiwrcti! against lus.; hy fir�. t►�uat�;s i�klwkd w;thl:i d� trnii "czla�Jct!�y»rayr" r�xi �ny other t�auris. irkludit�y
<br /> tl.�u�ur R.w�linY. fiH•wl►ich Ix���rcyuires icuuritkr. Thls i�taur��c slwll be ptaintained in thc art�,nts:u�d for thc peric�;lc
<br /> that Laxier ra�uires. The inwnuke carrier provi�linY tFx insur�Y shall bc ctu�cn b� &�rmw�er wbjert to Leader's s�ppro�•�l
<br />„ which stwll �xM bc unre�unrurt�ly withNeld. IP E�rmwc� failc tn nulnwin cYn•cn�e�tea�•rihe�J atw�•c, Lc:�r,�cs nuy. at L�ei��;:,:'s
<br />- uption.�+tain tt►venye tn pnuKY Lnxi�r's ri�hts in thc Property in x�.uS�xr w•ith p;u:�traph 7.
<br /> All i�u:urars�e jx�Ii;ies;�rl retxw�tlti sludl be u►tirpt.rbl= W L�etider tuxj shalt it►cluak a stvxlzrci nx�rtrsre clause. l,tndtr
<br />- s#wN IwK thr ri�ht w b�ld the poli�es�r�.wats. If i.c:�u�.:r ra�ulrca.EiarraKer shail prattitiptiy give to Le��r ali ra.tiiplr uf
<br /> pai.-t prw�iura+w►�1���ewal iwti.�c.. In tf�evau nf l�ss.Bnrrow•er s1w11�i�e pron�pt nwicc to Qie i�uurunce carrier tuxi I,euder.
<br /> Lr.�cs m=}� n._S:e pruc�f o:k�►.L if n.�t r►ti:;;.pra��,:{y by Fw��ow�.
<br /> 1Jnles�Lendec und Borrower dherwise;►rruz in writing, inwr,uxe pro��ds s�hall be�pplied to:tistoration or repair af the
<br /> F'�vpeny�iansareci,if the rcstw�ticu�o►repair is oec►nantically f�acible and Ixnder's sxurity is not lessened. If th�restoration or
<br /> repair is cwt ecwwmltutlly fe:uible ur Lendrr's security a�.wl�l t+e lessened. the incurance proceads st�l! br applied to the sums
<br /> secured by this Socurity Instrun�ent, whether or n�at th;n due. u•ith a�i} exoess paid to Borrow�er, If Borrou•er abandoaa tho
<br /> Propettv.o�ci.ics nw unsw•er w•ithin 30 da}•s a�wti�e fr���I.ender ttuu tt� inwr,en��e carrier has affeted to setUt a claim.then
<br /> Letxier ma} eollxi the insur.utc�c procc�ls. I,ender may use tt►e prcxx+alc to repair or rcstorc thc Propetty ar to pay sums
<br /> sxurod by this Security Instrtirrent.a�hether or not thrr�duo.The 30-day period will begin when du nolioc is givcn.
<br /> Unkss L�ettider and Bormw•er dlxrwisc agt+e� in w•riting. any applicztiat of proceods to princip�l sha11 nc►t extend or
<br /> Ev�stpone the due date of Nr mauhlY paYn�erus rcferroci to in paragnphs 1 and 2 or clwn�a the�nwunt of ttx p�ymerus. lf
<br /> under paragraph 21 tht Property is acquirat by l.ender, Borrower's right to any iruurarx;e poJicics and procc�s resulting from
<br /> danu�e to the Property prior ta the aoquisition s,hall pass to Lender to the extent of t4e wtus secucrd by this Security Insirument
<br /> inunodiztely prior co the acquisition.
<br /> 6.Oecupaocy.Prrrenstlon,Matntenance yad Pnutxtiop of the ProPa'tY:BornuK�er's I.�sw Appiicatioai Lt�seholds.
<br /> Borrower sl�all occupy,establish,and use the Froperty as BoRawer's principa!residence within sixty days after the euecudon of
<br /> this Securiry Itutrumeru and sha11 cucuinue to occupy the Property as Borrow•er's principa!rcsidenoe for ae least one year atter
<br /> tbe due of oocup�uscy. uniess I.etrder otherw9se agroes in writing. which eonseiu st�11 not be e�nreasonably withheld,or unless
<br /> extenuating tin�tmstancts exist which are beyond Borrower's oonuol. Borrower sl�all not �stroy, d�nut�e or iaipair the
<br /> l�operty. allaw the property to deteriorate, or conunit waue on the Property. Boaower shall be in defauii if any forfeiture
<br /> acciort or praoeeding,whetlKr civil or criminal, is begun tt�at in Le�er's good faid�judgment could rcsuit in forfeitare of the
<br /> Prope�ty or wher+vide rru!c.-i�lty impair the liui creatod by this Security Iastrument or I.er�der's security inteirst. Bixrower roay
<br /> cute wch a d�f�ult�nd reittstate,ac providod in paragriph 1 S,by causinY the aclion or pr000eding to be c:.s-..i;.:.:�with a ruliag
<br /> tlwt. in i,ende:'s good f�ith determir�tion, precludes forftiture of the Borrowu's Intuest in the Property or othcr a�terial
<br /> impairtuent os thee lien crezted by this Security Inctrumeru or I.er�der's security intuest. Borrower sfwil also be in defauli if
<br /> Borrower.during tAe loan application process,gave msterially false or iaaccurate infom�atian or statar�ents to Lender(or failed
<br /> tn•provide I,ender with any material information)in connxtion with thc loan evidenced by thc Note. ineluding,but r.ot limitod
<br /> Ca.c�entations cooceming Borrower's occupancy of the Property as a principal nsidence. If this SSaccurity Inshumeat is on a
<br /> leacahoid, �arrowu shall comply with s►11 the provisioac of the l�r.�. If Borrower xquires �oe titie to the propecty, the
<br /> 1a�cdwld aud.rlae fee tiuo shall not merge unless�.ender agrees to the snerger in w�iting.
<br /> 7.R��elGlOt of Iti1d�'fa ili�hts iw flr R+n�v iF R�!':r::w•.f`.}!g S�^"f^R 5�.:�� '' • ,'
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<br /> :s Sa;�ui+'y IIn�i,�ax�au.ur ti�rre is a lesat proceeding that may signific�ntly affxt L,ender's rights in the Property (such as a
<br /> P'viceaii+�g ia bankruptcy.pmbata, for oondenu�tion or forfeiture or to tAfora laws or regutaticx�s).tben[.et�dar may do and
<br /> WY for wi�ver is aocessary to protxt the value of the Property and I.�nder's rights in the Pxu�perty. i.ender's actions may
<br /> include payus� any sums socurod by a lien which has priority ovu this Securiry InFirutr�rar, appearing in cotut. P1Y�8
<br /> cr�sonablt�r.;caeys'foes and entering on the Prop�rty to make rtpairs.Aithough Lender may t�lce setion under thic pan�rs�h
<br /> T.�.e�der does tat have to dn so.
<br /> Any yn•11z�,•c disbu�sed by Lasder under this paragcaph 7 sl�ll bxor.tie ac9;itional debt Of Borrowu securod by this
<br /> Security I�u�aent. Unless Borrower and t.ea�der agree to other terms of payrrxaz.ttuse amw:ats sball 6exr iot�resi from she
<br /> dgta �f disbursan:.at Et thc Nate r�ic assd s�t bc payable.wiih int�re,st. u�rc��ti �otice from Le�der tv Be�rrower�q�
<br /> WY�-
<br /> 8.Mott�e Iawra�ee.If I.ender required mort�ge inwrance as a conditio�ai maldng the lo�n secvnd 6y this Secur�!;
<br /> Imwrnent. Borrowu shall pay the pnemivans requinzp oo muntain the mortgage insurance in effxt. If. for any rcason. the
<br /> mortgage insurance coverage requirea by t.ender l�se;oc ceases to be in effax,Borrower shall pay the pr�emiums requiral w
<br /> abtain uoverage substuitially equivatent ccr tfie morty�e insurusce previwuly in effect,at p cost subst�ntially equivalent w the
<br /> cost to Borrowu of the nw:tgs►ge insurance previa¢sLy in effect, from an altemate mottga�e lns�uer s�p�ra►�c!by I.eader. If
<br /> sulxtaatially oquiv�lent mor�.gsge insurmce coverage is rat available.Borrowu shaDl pay to Lender exh n�i,a sum eyual co
<br /> . one-twelfth of the yeuly r�vsitgage insur�nce prrmium being paid by Borrower when the insutaace oover�ge tep�,,al or ceased to
<br /> b�in effax.L.ender will xcept.use and retaia these paynxnts As a loss reserva in lieu of mortgage insurance. Locs reserve
<br /> Faraa 3026 9u8o
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