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<br /> 5. }{azxrd or Praperty Iasw'ancc. Bonow•er shall keep the iny�ra�•cme�its �x�w cxi►�ins ur Ikrc.+C�r �i-�r:tckl un tt►�
<br /> Fru}x�iy iiuuuYi :tbai�ist i�:�by f i�, ha::.,�s ir�lvd��tt ittt�tt!!:e t°rnt "^_Y!t!!�!"�rt��•rr���" ,��rl Kny.wl�er hau►J�. in�l�ul'It1C
<br /> flaxls or Flaoding, for u�hich l,erxier requires in�urriue. Thi.insur«u�:•e�twll hc nuiutaliuvl in tiu w�w►unts;url i��r�tu{+eriais
<br /> thut L.encler reyuires. Thc insun►tke�arricr pra�•iding thc insur:tncc �hall t+c�hi��e�i hy &�rn�wre.ut�j��.�i t��I.c��r'�:�sprava!
<br /> v►hieh shaft na be uur�wnsbly witi►held. li' t3��rmwer fails to nuicuain cu�•cru},c a�uribeJ at+o��e. (.aixlrr �iw}•, :�I Ixixier's
<br /> uption.obtain coverage tu pratc.�ct Lender's rights in thc:Propen�in:�corJ:►�x^e w�ith para�raph �.
<br /> A1! in�unasce palici�s m�d renen�als shal! be acceptaM�t�� Izncier arxi �h•rll i�xlude a.tuixl�rJ nw►nga�;e cl:�uu. L.erxier
<br /> shall have the right to hold the palicies and renewals. If Lencicr requi�es,&�rruw•cr shall pramptly giLC tu l.cn►Ier all receipt.of
<br /> paid premiums and rene:vvJ notices.In the eve�t af loss,BarroN•rr�ltall give prompt nutirc tu the insur:tiu�c:uriec a�x!I..e�xier.
<br /> Lcnder tnay m�;e proof of loss if not madc prompdy by&�rrnu•er.
<br />: Unless Lender and Barrow•e�otherwise agree in writing, insur.�►ue procceds sf�ll Ne applied tu rc�toratiun��r rep�ir of tt►e
<br /> Property dvnaged, if the restoration or rc�ir is economically fcaaibl��iui Lcnder',�ecurit�•is nw lesscned.If thc rcuo��tian ar
<br /> npair is ncu ee�nnnueally feasible or Lender's security wauld be le�ceneil,the iacuranee proceeds shall he uppliod to the sunu
<br /> secured by this Sc:.uriry Instrument, w�tiether or not then due, with any exceis paid to Borrower. lf Borrower abandons tlie
<br /> Propeny, or does not un.cw'er w•ithin 30 days a noticc from Lender tha�the insura�ue carrier ha.c offered to setUe a claint. then
<br /> Lerxler may collect the insuraixe procecds. l.en.ier may use the prcx;eeds to repair or restore th� Propeny or w pay uuiu
<br /> securcd by thi;Security Instrumcnt,u•hether or not then�ue.Tlie 30-day period w�ill tkgin when the notice is given.
<br /> Unless Lznder auid Bottowet otherwise agi�e in w�riting, any application of procceds to principal shall not extend or
<br /> pastpont:the due date of the monthly payments refened to in paragraphs 1 and 2 or change the anwunt of the Fayments. {f
<br /> under paragraph 21 the Property is acqulrr�by Lender, Burrow•er's rigiit to any insurance policies and proceeds resulting from
<br /> dsn�ace to t:�e Property prior to the acquisition shall p�s to Lender ta the extent of the wms secur�by this Security lnstrument
<br /> inuuadiately prior to the acquisition.
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<br /> 6. �CCY[KtDCY,I�1'CSCfVatiO[I, nlalllteilzOCe aMl�TOifCiiuu ui ii�e r.'�j�iij%;wz?u'v'i2i s aAZa"3�+aj+�...7......'s=�►«,..•....�.
<br /> Sortowcr cha11 occupy,establish, and use the Property as Borrower's principal residence within sixty dzys uRer the exxution of
<br /> this Serurity instrun�ent and sl�all continu:.to occupy the Property as Borrower's principal residence for at Icast one year after
<br /> the date of occupancy, unless Lender otherwise agrees in writing,which consent shall�wt be unreasonably withheld, or unless
<br /> excenuacing ciitumuances exist which are be}�ond Borrower's control. Borrower shall not destroy, dan�e or impair tho
<br /> Property, allow the Property to dcteriorate, or commit waste on the Property. Borrower shall be in default if any farfeiture
<br /> action or pra�eeding, wixther civil or criminal, ic hegun tliat in Lender's good faith judcmettt awld result in forfeiture of tiu
<br />" Property or otherwise tnaterially impair the lien created by this Security Instrument or l.ender's securiry interesi. Borrower may
<br /> cure such a d:.fault and reinctate, as provided in paragru�h 18,by causing the action or proceaiing to be dismissed with a ruling
<br /> that, in l.endu's gaod faith detemunation, precludes forfciture of the Borrower's interest in the Property or other�t�tcrial
<br /> • impaimieiu of the lien created by this Security Instwnent or I..ender's security interest. Borrower shsll also be in default if
<br /> ' Boaower.during tite loan application proeess,ga�•e materially false or inaccurate infortnation or stutemencS to Lender(or failed
<br /> to provide Lender with any m�ferial infom�ation)in connection with the loan evidencxd by the Note,including,but not limited
<br /> m.n�ne.sesu�ticu�s oonecmin¢Borrou•er's occupancy of the Property as a principal residence.If this Security I►uuvmeru is on a
<br /> � ieasetwld. &xcower sha!{ wmpfy wi:h a!1 thc pro�isions of the lease. If Borrower azquires fee title to the Praperty, the -
<br /> Leasthold�ar�d the fee tiite shall not merge unless Lender agrees to the merger in writing. "
<br /> 7,prntection oi'I.eader's Itights ta the Property.If Borrower fails to perform the covenants and agramaas wntzined in
<br /> ' this Securiry Instt�ut�nt, or dtere is a legal proceeding that may signii�cantly affect Lender's rights in the Property(such as a
<br /> proceediag in banktuptcy,probate,for condemnation or forfeiture or to enforce laws or regulations), ihen I.ender may do s�ud
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br /> include paying any sums secured by a lien which luu priority over this Security Instrum�nt, appearing in court, paying
<br /> • reasonabie aitorneys'fea and entering on the Property to make repairs. Although I.ender m�y talce action under this paragraph
<br /> 7,1.er�der does not have to do so.
<br /> Any amounts disburstd by I.ender under this paragrapli 7 st►all become additional debt of Borrower secured by this
<br /> Security instrument. Unless Borrouer aix�Lender a,gree to other ternu of payrne�t, these arnounts shall bear interest from the
<br /> , ��f�i�;�„�,�t �� H�,ro �r� an�t chat� t,s TA�AItIP, with interect, ugon notice fmm Lei�der to Borrowa requesti�i
<br /> P39meru.
<br /> S.Moctga�e Insussnce.if Lender required rnostgage insurance u a condition of malring the loan secured by ths Security
<br /> Ituttument. Borrower sE�lt pay the premiuuu required to mainttin the mortgage incurance in effcet_ If, for any reason, the
<br /> mottgage insurance cosu�ge rcquired by Ixnder lapses ar ceases to be ia effect,Borrower shall pa.,+the premiums required to
<br /> abtain wvers�ge substaiuially equiv�lent to the mortgage incurance previously in effect, at a co�t substantially equivale�u to the
<br /> � cost W Borrower of the mortgage iiuurance previously in effcet, from an alternate mortgage inturer approved by Lender. Yf
<br /> wbcwruially equiv�]ent roortgage insur�nce coverage is not avaiLable,Borrower shall pav to L.ender each mdnth a sum equal to
<br /> wx-twelfth of the yearly mortgage insurance premium being paid by Bonower when the insurance coverage lapseci or cea,ud to
<br /> be in effett.t,ender wil!accept,use and retain these payments as z loss reserve in lieu of mortgage insurance. L,oss reserve
<br /> ' Foraa 3028 9l80
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