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<br /> 96� �U�g65
<br /> 5. t'.:u:i::f ar Pru�erty imurance. Bonawer sha11 keen thc inyuuv�mcntc now exis�in� or hereafter eruta�i un thc
<br /> Nrc�erey in.cura!again.ct la�.� hy fire, ha�ards irkluctod w'ithin the tem� 'eztendrd cu�•erage" :uki any othe� Iw.�rds, iikludiug
<br /> il�xws cu flcx�.iing, f'or w�hich Lenckr r..c�uirec insurance. This iiuurw►ce shall lk nwintaiiwd in thc arruwnts:�ul li�r the pe�iexls
<br /> that Lcrxler reyuircs. The insuranre carrier providing the iacur�uxe sh:►II be clx�xen h�• Borruwer whjcet tu Lender�S ApPIY�VYI
<br /> which�tull iwi be unre:►cocwbly w•ithheld. If&�rmw�er f3ils to maintain rover�ge J��critx�l alx��•e, l.axier niay, at Lcn�tec's
<br /> �ptiun,c�iu�in c�n•cragc ti�protcct Lcnd.r's righis ir.the Property in acrrrdatxe wilh paragraph 7. _
<br /> All in.ur3nce polieie: uncl rar►ewals st�ll b�accept:�le ta Lender ancl shall inclu�le� .rt;uxlarJ rru�n�:►ge clauu. Lencler
<br /> sh�ll lu��c the right tu tu�ld d�c�licies�ul re�iew••rls. If l.cndrr rcquire�,Bonow•cr sFull promplly di�•r tu Lc�xler all r��ccipts of
<br /> paid prcnuunu and renewa! notices. In the event of loss,Borraw•er stt�ll give prampt notice to the insurancc ranier arx! Le�uier.
<br /> Lxnder ntay make prcxif of loss if�x�t macle pmmptly by Borrower.
<br /> Unles.s Lender and Bonower ottienui�e agree in u•riting, insur.uur prur.axla.iwl`uc a�piic,.'.to rator::iion ar repair of:h�
<br /> PropeRy cian�agai, if the restoration or repair is aonomically feasibte:uui Lender's�ccurity is nnt le.csened. If[hc restaratian or
<br /> repair is not economically feasibt.or l.ender's securiey wcwld be lessened, che insurance proceeds shall be applied to the sumc
<br /> secured by this Securiry Insttument. whether or noi th2r due, with any excess p:►id to Barrower. If Borrower abandans the
<br /> Property, ar does not answ•er within 30 days a r�wice from Ixrtider chat the i�surancz carrier has offered co settle a claim, then
<br /> ix,xie, �nay collect the insurance proceed�. Lerxi:r nu�• use the prcxe.eda to npair or resiore the Property or W�} sums
<br /> s�-�curzd by this Security Instrument,w�hether or tx�t then due.The 30-day periai will t+egin whzn the natice is gi��eR.
<br /> U�il�.cs Ler►der and Borrower cuherwise agree in writing, any applicaiion of prckeeds w Frin:i�zl shatt c�u ext�:� or
<br /> p�stpone the due date of the monthly payn�e�us refened to in par.�traphs 1 and 2 or cha.���tne::.r.�a:�t of the��znencs. If
<br /> under paragrap.ti 21 the Property is acquired by Lender,Borrawer's right to an}•itiuurancE��:ir::s and pr.k�ec�is r�sultin�from
<br /> dan�e to the Properry prior to the tkquisition shall pass to L.ender to the e;tent of the sums i»::a�at 65 uhis Security Inscnut�ent
<br /> inu�x�iately prior to the acquisition.
<br /> 6.Occupancy,Preservatiou,Maintenance aad Protectioa oF the Property;Borra�er`s Lv:ca�'�p�[iratio�;L�aseboid9.
<br /> Borrawer sha11 u►xupy.�lisfi.anci us.,thc Z'raperty as Sarrow•ei s principal sesidetise within sixt����•�s�Re�the Pxcr.utiun of
<br /> this Security Instrun�ent and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of occupanc}•,unless Lender otlienvise agrees in writing, which cotuent shall not be unreasonably withheld, or unless
<br /> extenuating circurnctances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> I'roperty, allow the Property to deteriorate, or commit waste on the Propeny. Barrower shall be in default if any forfeiture
<br /> action or proceeding, whethet civil or criminzl, is begun that in I.ender's guod faith judgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security I�utrument or Lender's security interest. Borrowe�may
<br /> wre such a default and reinstate,as providad in paragraph 1R,by causing the xtion or proceoding ta be disntissed with a ntling
<br /> thst, in Letrdcr's good faith determination, precludes forfeiture of the Borrower's interest in the Property or oiher materizl
<br /> impairatient of thc lien creat�d by this Security Instrument or Lender's secarity interesi. Borrower shall also be in default if
<br /> Borrower,during the loan agpfication process,aave materiaUy f�lse or inaccurate infonnation or slateme.�ts to l.ender(or fuilod
<br /> to provide Ixnder with any m�terial inforrt►aiion)in wnnectiori with c:e Ww.-�evidenced by the Note. including, but rwt limited
<br /> to,representations wnoeming Baaower's occupancy of the Property as a p�incipal residenee. If this Securiry Instrument is on a
<br /> le�ld. Borrower st�all comply with all the provisions of the lease. If Boaower acquires fee title So the Propeny, tht
<br /> leaselsold and the fee title shali not merge unless Lender agrees to the merger in writing.
<br /> 7.I'I�OtlCt10D OT I.eDQCr`s K1gpLS in itle r�opa�y.?iBorrower iaii�iv pciiv�u�u�c�v-vc.a,ai�.�cr.�a�:w;t'..r�:.;:�:««:t'.w in
<br /> this Security Irutnunent.or there is a tega! proceeding that may significantly affect Lender's righu in the Property(such as a
<br /> proceeding in bankruptcy, prob�te. for condemnation or forfeiture or to enforce laws or regulations). then I.endtr may do snd
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. l�enckr's actions may
<br /> incickie paying any sums socurod by a lien which has priority over this Security tnstrument, appearing in court, paying
<br /> rcason�ble attomeys'fces and ent�ring on the Property to make repairs.Although I.eader may take action under this paragrap6
<br /> 7,Lender does not have to do so.
<br /> Any atraunts disbursed by Lencler under this puagtaph 7 shall becor.�e addition�l debt of Borrowu securod by this
<br /> Sewrity insUVment. Unless Borrower and Ixnder agree to otl�er terms of payment, these amounis sh�ll bear interest fr�m tht
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<br /> Q�te ot dtsOUrSP.a7eilt ai th� jvote rate aiui si�aii ix pnynuic. wi.it iuic�coi. ��nru �wri�.a. uv....w..wr w .•• t�^i��'�^`�+i
<br /> Pay ment.
<br /> S.Matgage Incuraace.If Ixndor roquired mortgage insurance as a coadition of making the loan secured by this Security
<br /> Iactrument. Borrower st�all pay the premiumc reyuired to mainiain the adartgage insurutice in effect. If, for any teason. the
<br /> mortgage inwrance coverage required by Lender lapses or oeases to be im effert.Borr�wer sf�all p�y the premiums tcquired w
<br /> obrsin coverage substantially equivalent to the mortgage ict�urince previocsly in effect.�t a cosi substzntially equi�-alent to the
<br /> cost to Borrower of the mortgage incurance previously in effoct, from:a�lternate uuxtgage inwrer approved by Lender. If
<br />,_, subsiaritiaUy equic�Ient mortgage insurance coverage is not available, f3orrower sh�ll pay to I.ender each month a sam equal to
<br /> one-twelfth of the�tarly mortgage insuratxe premium being paid by Botrower when the insurance co�eragp lapsed or ceauad to
<br />- be in effert.Leader will�ncept,use and retain these payments as a loss reserve in tieu of mortgage insui�nce. Loss reserve
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