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<br /> 5. HAtaa�i w'Pruperty 1n.�urAncc. Uurrowrr.hatl lccn thc impru�•��rnn�.nuu�c���tin�uc tu�Yai�tr►•rr�ct�d un tlx
<br /> ('�•uprrly in�urcd a�;ain�t lo�ti by tire,h;uani�in,lu�kd within�Fk temi"rxt�nck:d cuvcrr�;c"aiul any attcr h;uar.l..inrluding -
<br /> ' f1iKK1��M f�axling. f�u whi.h Lender r�yuire� inwrrnre. Thie ine�arunce .hull tk maintaincd in siu ::muuntti and for the
<br /> �eieK{r•Ih:H l.ctidcr ca:yuirr+.l'itr insur:v:�e c�rrie�pmvicling Iftir inwra�ce�hall be clu��cn by Bu�ruwcr tiubjr�l to l.rndc�'�
<br /> _ :;pp;:va!::�Fi:h.••hu!!n�w w•����n•:+wNi�bly withlx IJ. If&u�i�ucr faik to mainrrin c��vrruse akKrit�.J atwn��,l.ctukr ma}'.at
<br /> ixi�c':.�pc�c.r�.:��;:.;n:;:•a�p�tJ�m!w:t 1��wi.•r'c right�in the Pr�rrty in uccordanrc u•un�aragrapi�i.
<br /> � All iowrwk� p��licicr•and rencw•al..rltall t�ac�zptablc tn l.cnik:und shltl incluck a �tarutaM mong•rcc ciausc.
<br /> l.rnQcr�hall ha�•e the nFht tu hold the M�lirie�;uut rcnewals.If 1,enJc�rcyuires,l3arrou�cr.hall pruniptly give Iu Lencier all
<br /> � rcreipt���f paid pr�mium� �ix1 rcncu•al nuli�r�. In Ihc:z�•cnt of Iors, Sonuacr.hall givc pnHnpt ix�U�c to thc i��.tiur,uuc
<br /> caisicr and Lrixkr.Lcixl�r may malc pruof of los.r ii'nut made promptly by Bormwcr.
<br /> l�ntctis Lendrr an�i Borrow�cr uthcrw isc abree in writing, insuranre proceedti shall bc applied to re.taration ar rcpair
<br /> of ttu Propeny d�nwged, if thc R�tora�iun or rcpair i�cconom�cally fcatiible and L.ender'�ticcurity ix not le«cncd. If the
<br /> rost��ration or rcpair is ni�t cconomically fcasible or l.ender'. xccurity w�ould M� Iesuned, the insur,nxe pmceeds shall tx;
<br /> Applied to the.ums secured by thi�Security Instrument, whether.�r not then due, with any excesc paid to Borrow•er. If
<br />- IIorcower ahandons ttie Praperty.or does not answer within :i0 duys a notice f�um Lender thai the msurance carcier has
<br />- uffercd to settle a claim, then l.ender may collect the insusuice proceedc Lende�may use du Rroceeds to repair ar restore
<br /> - the Property o�to pay sunu secun:d by chis Security Inswnunt.whether or not Utien due.The 30•day period wiU begin when
<br />� the noticc i�gi��rn.
<br /> lJnlcrs Lender und Borrower cxhcrwise agme in w�riting,any appliration of praccds to principal .hall not extrnd or
<br />� postpone thc due datc of the mw►thly payments rcferred to in paragraphs 1 a�d=a:ehan��!he a.^.iount of the paymenl� If
<br />- under par»graph 21 the Property is acyuired by Lender,Borrower's r�ght to any in�urance policies and proceeds resulting
<br />= fror�damage to the Propeny prior to the acqui�ition shall p.us to l.ender to the eatent of the sums secured by this Security
<br /> _ Insuument immediately p��or to the acyuisition.
<br />= �, �..��..�p; Preservation, MaiateaA�ce and Protection oP the Propertc; Borrowe�'s Lo7n Application;
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<br /> � Leaseho3ds, Bonow•er shall occupy,establish,and use the Propeny ac Borrower's poncipai residence wiii�in auiy u.,ys
<br /> ] after the executi�of this Security Instrument and ahap eontinue to occupy the Propert�as Borrower's principal re�idence
<br /> '� for at Ieast one year after the date of occupancy, unless Lender otherwise agrces m writing, which cunsent shall not be
<br /> � unreasaiably withheld,or unless extenuating circumstances exi�t which are beyond Borrower'�a�ntrol. Borrower sfiall not
<br /> � destroy,damage or impair the Property,allow the f'roperty to deteriorate,c�r commit a�a.te on the Property.Borrower shall
<br /> - be in default if any forfeiture action or prc�ceeding,whether civil or criminal.is begun that in Lender's good faith judgment
<br /> = could result in forfeiture of the Property or otherwise materially imuair the lien created by this Security instrument or
<br /> Lender's security interect.Borrower may cure such a default and rcinstate,as provided in paragraph IR,by causing the action
<br /> or proceeding ta be dismi�sed with a ruling that,in Lender's good faith drtermination,precludes forfeiture of the Borrower's
<br /> interest in the Propeny or other material impairment of ihe lien created by this Securiry Instrument cx Lender's security
<br /> - interest. Bortowcr shaU also be in default if Borrower,during the loan application prceess, gave materiaUy false or
<br /> inaccurate infomiation or statements to Lenuer(or failed to provide Lender with any material information) in camection
<br /> with the loan ev:denced by the Note,including,but not limited to,representationc conceming Borrower's occupancy of ahe
<br /> Property as a principal residence.If this Security Instrument is on a leasehold.Borrower shall comply with All the provts�ats
<br /> of the lease.lf Borrower acquires fee title to the Property,the leasehold and the fee title shall not merge unkss Lender ag�ees
<br /> to the merger in w riting.
<br /> _ �. a�w•.��.�l.a,rt.r'c Rt_htc in the Proaerty. If Borrower fails to perforn�the covenants and agreements
<br />-� containel in d�is Secar+ty instrument, or there is a leaal proeeeding that may significantly attect L.ender`s rigi�ts in inc
<br /> propeny(such as a proceeding in banlwptcy,probate,for caidemnation or forfeiture or to enforce laws or regulations),then
<br /> L,ender may do and pay fot whatever is necessary to protect the value of the Property and l.ender's rights in the Property.
<br /> i.ender's actions may include paying any sums secured by a lien Which has priority over this Security Instrument,appeanng
<br /> in court,payin�reasawble attomeys'fees and entering on the Property co m�ilee repairs. Although Lender may take acUOn
<br /> under this paragraph 7.L.ender dces not have to do so.
<br /> Any arnounts dislwrsed by Lcruler under this paragraph 7 chall become additional debi of Bw'rower secured by this
<br /> Securiry Instrument.Unless Bomower and Lender agree to other terms of payment,these amounts shall bear interect from the
<br /> d�te nf disbursement at the Note rate and sha11 be paYable,with interest,upon notice from l.ender to Borrower requesting
<br /> PaYment.
<br /> 8. Mortgage iasurance. if Lender n�uired mortgage insurance as a condition of making the loan secured by this
<br /> Securiry Instcument,Borrower shall pay the premiums requ�red to maintain ttr mortgage insurance in effect.If,for any reason.
<br /> � ti�e nwrtgage insurance coverage required by Lender lapses a ceases to be in effeet,Borrowet shall pay the premiums required
<br /> to obtain coverage substantially equrvalent to the mongage insun+nce previously in effect,at a cost substant�ally equivalent to
<br /> the cost to Borrower of the mortgage insur,uice previously in effect,from an altemate matgage insurer approved by Lender.If
<br /> substantially equiva3ent mortgage insurance coverage is not ati•ailable,Borrower shall pay to I.ender each month a sum equal to
<br /> one-twelfth of the yearly matgage insurance p►+emium being paid by Borcower when the insurance coverage lapsed or ceaced
<br /> to be in effect.L,ender wili xcept,use and reta�a thes�pa}ments as a loss resen•e in lieu of mortgage insurance.Loss reserve
<br /> p��•mu►u may no longer be requued,at the option of l.ender,if mortgage insurance coverage(in the amount and for the period
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<br /> POtT 3028�DO IpoRt 3 yf 6pngal
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<br />-� BANKERSSYSTEYS.INC..ST.CLWD.YN563021��-397�23N)FORI.IMD-1•NE 25/91
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