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<br /> 5. H�xa�rl ur Prupertr Invuriurcr. &�rcower cf►all keep the im��o�•ements rx�w cxi�ting ar hercaftcr esrctaf o+� thc
<br /> Ptuperty insutul :trainst lass by fire. h�rds includaf within the terro "cxteixlcJ cuvri;ig�"wki suiy .ul�r f�rr.ls, iixluding
<br /> flui�..ir Qa,ding, fur which l.e�xlcr rryuires ii�suryu�e. This iiuur.uuc slull be nui�u:►intd in thc.a�ni�unt�:uu1 fur ttie Exrials
<br /> tlwt i.tiuiec nquires. ihe insurance c:urier providing tttic ii�.su�ance st�afi he cho�cn hy &uruw•cr wbjc►t�o Letuier's aAprneai
<br /> which sFu�ll ncu he unrrasonably withhel�. If l3�,rn�w�rr fait. to nwi�uxiit �uv�rage�i�s.ritkd ub�►v�. L�s�kr mry, at [.��x1er's
<br /> o�tion,ofit�In caverage to protect Lender's rights in the Progerry in arcor�anre with par�ra�+h 7.
<br /> AI! in�ur�ncc policies and reneu•alv �11 I+z acccptahl� ca l.ecuier aixl chall includc a ua�ul:ud nwneagc dausc. Lerxler
<br /> shall have the right to hold ttu policies axl�e�xwals.lf l.e�xier reyuires, Bnrrower sha11 promptly give to I.ender sll rxeipt�of
<br /> psid prenuumc u�d renowal�wtices. In the e�•ent of los�, Borcow•er shzll give prompt notice to thcs insur.uue wrrier a�xl Leiuler.
<br /> Lc�r may mal�c pruof of los►ii'r►ot m�cic promptly by Borrau•cr.
<br /> Unless l.ender ond Borrow•er otherwise�gree in writinb, insur�nct proceed. shall be applicd to restoration ar repair of the
<br /> Property dan�ed. if the restoration or repair is econoinically feasible und Lender's serurity is not Ic.esened. If the restoratian ar
<br /> repair is not economieally fe:�cible or Lendar's security woutd be lessene@,the iruw�ance proceed� sh�ll be Applied ta the sunts
<br /> secured by this Securiry instrument, whethcr or not then due,with any excess paid to BoROwer. If Borrowcr abanda�s the
<br /> Property, or Joes not answer within 30 days a notice fron�Leuder that the insura�xe canyer has offered to setQe a claim, then
<br /> Lendcr may collect the inwr.►nce proceeds. Ixnder may use the procec�ds to repair or restore thc Praperty or to pay sums
<br /> secura�by this Security Instrument,whether or ncx then duc. The 30-d�y period will begin when the notice is given.
<br /> Unless Lender at� Borrower otherwise a;see in writing, any apglicatic,n of procecds to princip:! shall not extend or
<br /> postpone the due date o�"the monthly payments refe�red to in paragraphs 1 arui 2 or change the anwunt of the payments. It'
<br /> mtidcr paragraph 21 the Property is acauired by Lender, Borraw•er's right to any insura�ue policies and procceds resalting from
<br /> damage to the Propert�•prior to the xyuisition sh�11 p�ss to Lender to thc extent of the sutns secunxl by zhis Security Instnunent
<br /> iminediately prior to the a.�uisition.
<br /> 6.Occupaucy,Prar�v�ation,11lAinttuaace�nal P�-otectiaa ot't6e Pmperty;Borrower's Loaa Appllcation: I.easeholds.
<br /> Borrower shall c�ecupy. establish,and�:s�the Pro�rt}9s BorraWer's principal residence within sixty days after the exocusion of
<br /> this Security Instrument and shall eo:.tin►:e to oceupy the Piup.rty as Bosrower's principal cecideru�e for at least one}�eas after
<br /> the date ot occupancy. unless L.ender otherwise agrces in writing.which consent st�afl not t+.unreasonably widilzeld.or anless
<br /> extenuatiiig circumstances exist which are beya-x� Barrower's contml. Borrower shall not destroy, damage or impair the
<br /> Propeny. altow the Property to deterior�te, or eommit waste on the Property. Borrower shall be in default if any forfeiture
<br /> action or pcoceoding,whether civil or criminal,is begun that in Lender's good faith judsment could result in forfeiture of the
<br /> Property or otherwise materially impuir the lien creatod by this Sccurity Instrument or Lender s security interest. Borrower n�y
<br /> cur�such n default and reinstaie,as provided in paragraph 18,by causing the action or ptx��dit�to be ciismissed with a ruling
<br /> that, in Lender's good i'aith detemiination, precludes forfeicure of the Botrow•er's interes� in the Prop;rty or other material
<br /> impairment of the lien created by this Secarity Irwrument or Lender's security interest. Borrower sha11 also be in defiwlt if
<br /> Borrower,during thc loan applicztian process,gave m�terially false or iaaccurate inforniation or statements to Lender(or failed
<br /> to provide�i.ender with any material inform�tion) in connoction with the loan evidenced by the Nate,including,but not limited
<br /> to, repr�sentatiot�s eonaming Borrov►zr's occupancy of the Property u a principal residence.If this Security Inctrument is on a
<br /> leasehold, Borrower shall comply with all tlse pmvisioru of the leue. If Borrower xquires fee tide to the Property, tLe
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<br /> k�asdwld aod the�fee title shall not merge unless[xnder�grees to the merger in writing.
<br /> 7.Protectioa of Laider's R�6ts in the Property. if Boirower fails to perform the co�•enants and agro�ments co�tainai in
<br /> this Security Instrument. or there is a legal proceedin� that may significantly affect Lender's rights in tFie Property(such as a
<br /> pmcealing in banktuptcy,probate, for condemnation or forteitum or to enforce laws or re,�,�atianc), then L.ender may do and
<br /> '�, pay for whsteve� is nece.ssa�y to protect the value of the Property and Lender's righu in tt�e Propemr. Ladtr's actioiu may
<br /> inciude paying any sumc savrod by a lirn which has priority over this Security Instrument. appeariug in oourt, paying
<br /> , reason�ble attomeys'fas u�d enuring oa�he Ptoperty to ma3ce repairs.Altlwugh I.tnder may taice�ction under this paragraph
<br /> 7,L.end�g d�aes ca:tuve to do so.
<br /> Ar.a ;imounts dislwrsod by Lender under this paragraph 7 shall become additionaf d�bt of Borrowec sxured by this
<br /> Securiry Instrument.Unless Borrower and Leoder agree to other ternu of payment, these amounts shall bear intuest from the
<br /> date of disburumecu at the Note r.ue ud sh�ll be payable. with inurest.upon notice from L.e�ler to E�urrowu roquesting
<br /> � PaY�•
<br /> S.,'.iaisj¢ige ii�w:yuice.ti Le�x�x�'nyuinal uwrigage iuwrdu;c:ur a�wtwition of makiiig�loan secu�+o�l by tlus Sccurity
<br /> Insuument; Borrower shall pay the premiums require� to maintain the mongagr insurar�e in effxt. If, for any reacon, the
<br /> mortgage inwrance wverage required by Leader tapses or ceases to be in effect, Borrower shall pay the prenuutns required to
<br /> obtain coverage substantially equivalau to the mortgage insuraace pnviously in effxt.at a cost sabst�stislly equiv�lent to the
<br /> . eost to Borrower of the mortgage inwruue previously in effect, from an a�:°.:r�te mortgage insurer approved by Lendes. If
<br /> substantially equivalent mortgage insuruyoe coverage is not availabte,Borrower shall pay tv Lender each month a sum equal to
<br /> one-twelf3h of the yearly martgage iasuranec premium being paid by Borrower when the insurance coverage 13psai or cea�ed to
<br /> be in eftoct.L,ender w�U accc�t,use�ad reuiin these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> • ' Fo�m 3028 9l90
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