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<br /> 5. I�larard or Property Insurunee. Barrower shall Iceep tMe improvements now existing ar hereafter ereetal cro d�e
<br /> Property insure.d asni�ist loss by fire, h�.xnrds inch�ded witliin tlie ee�m "cxtendcd c�veri►ge" and any�ther hn•r.Ards, including �
<br /> flaods or floodinr, foe which L,et�dcr rcquires Instu•ancc. 7'his insuri�ncc�hnll bc mnintnincd in ¢hc nmounts m�d f�r thc�h.riu�ls
<br /> that I.ender requires. 'E'he Disurm�ce cueriee provlding ti�e insurunce shull be chotien Uy Uurrower ydb�cct t�� l.ender's npprav,d -
<br /> which shnll not be unrcasonably withhcid. If 8orrowcr failA ta mAlntain coverngc dcscrlbcd cibo�-e, I.ender m�.y, ut L.ender's
<br /> option.nbtnin covcragc to pr�tect I.cndcr's righrs in thc property in uccardancc with parngraph 7.
<br /> All insurancc pollcies and rencwnls shall Ne ncccptuble to I..cnder und shnll include n standnrd mortgage cli,usc. [.endcr
<br /> c�hull I�ave thc right to hold the policies i►nd rancwnls. if Lcndcr rcquires, E3orrowcr shall pmmptly givc to C.ender all receipts uf
<br />, pnid premiums and renews�l notices.In the event uf los��,Bnrrower shall Five prompt�iotice to tho insuri�nce currier�md I.encter. r
<br /> 1 r.n�ier m�y mr�lrn nrxf of los�if not n+_��le�!'nmrtl�h�17nr►n.v�l.
<br /> Unlcss Lender and l3�rrower othcrwisc�►grec;in wrlting, insurnnca;proa;eds shnll bc i►pplicd ta restorntia�y cir rcpair of the
<br /> l'roperty d�unaged, if the restoration or rcpair is economicnlly feuslblc ond I,ender's sccurity is not lesscncd. If thc restorntion ar
<br /> repaie is nnt economlcnlly fcusible or L,ender's security would be lessened, the insuranc�proceeds shnll be appl{�:d to tho sums
<br /> secured by this Security Instrument, whether or not then due, with uny excess paid to Borrower. If Borrower zbnndons the
<br /> Praperty, or does not answer within 30 days n natice from L.ender thut the insurancc carricr hus offered to sMtle u claim, then _
<br /> Lender may coltect the insurance proceeds. [.ender may use the procecds ta repnir or restorc the Propeny or to pay sums
<br /> secured by this Security Instruaient,whether or not then due.Tl�e 30-day pericxi will begin when the notice is given.
<br /> Unless [.ender and i3orrower othcrwisc ngrce in writing, any upplication of procceds to principal shsill nat extend or
<br /> F+ostpone the due date of the monthly payments refened to in parasraphs 1 und 2 or chungc the umount of thc payments. If
<br /> under paragraph 21 the Property is acquired by Lender, Bonowe�'s right to any Insurance policies and procceds resultins from
<br /> damnge to the Property prior to the acquisition shall pass to Lender to the extent of the sums secum,ci by this Security Instrument
<br /> immediately prior to the ecquisitinn. --
<br /> G.Occupancy,Preservetion,Matntenance and Protert[an of the Pro�erty; Borrower's I.oan Applia►tion;I.easeholds.
<br /> Bonowcr shsll cecupy,establish,und use the Property as Bonower's principal residence within sixty days after thc execution of
<br /> this Security Inst►vment t�nd sli�ll c�ntinue to occupy the Praperty as Horrower's principal residence for at least one yestr after
<br /> the date of aceupancy, uniess I..ender ather�vise agrees in writing, whinc�onsent shall not be unreasonably withheld, or unless
<br /> exteniaating eircumstances exist which nre beyond Borrower's control. Bonower shnll not destroy, damage or impair the
<br /> Property, allow the Propeny to deteriorate, or commit �vaste an the Property. Borro�ver 9ha11 be in default if uny forfe[ture
<br /> action or proceeding, whether civil or criminal, is begun thnt in Lender's goocl faith judgment wuld result ln forfeiture of the
<br /> �roperty or otherwise muterlally impair the lien creuted by this Security Instrumcnt or Lender's security Interest. Horrowcr may
<br /> cure such a default and reinststte,us provided in paragraph l8, by causing the action or proceecling to be dismissed with:,ruling
<br /> that, in Lendcr's gaxl faith dete�Yninatlon, precludes forfeiture of the Borrower's interest tn the Praperty or other material
<br /> imn�irmrnt nf thr lirn�rr�t��l hv fhic Crrt��lt� i�crr��snPnr �r t�n�er's SL'C!!P_!� lAiPf_°..cT. �fJTlL�`YQi sh�!! a!� !� in slefsuls if
<br /> Borrower,during the loan npplication process,gave materlally false or inaccurato inforcnat[on or statements to L.ender(or failed
<br /> to provide L.ender with nny material information)in connection with the loan evidenced by tl�e Note.including, but not limitod
<br /> to, representations cancerning Aorrower's occupnncy af the Property as a principat residence. If this Sc:curity Instrument!s on s
<br /> lea��ehold, Ilorrower shall camply with ull the pruvislons of the lease. If Borrower acquires fee title to the Property, the
<br /> IeASChold and the fee title shall not n�erge unless Lcnder ugrces to the mergcr in writing.
<br /> 7.I�rutectfon ot l.rnder's Rights In the Property.If Borrower fails to perform th�covanants and ag�errMnts contained in
<br /> this 5ecurity Instrument, or there is N legul prnceedin� that muy significnntly nffect l.ender's rights in the Property (such as a
<br /> proccoding in bankruptcy. prabute, for tondcmnutlon or forfeiture or to enforce laws or regulations), then I.ender may d�and
<br /> puy fnr whatever is necessary ta protect the value of thc Property an� Lendcr's rights in t}:e Praperty. Le�xler's actions may
<br /> include paying any sums secm�ed by n Ilen which has priority over this Security Instrument, uppearing in court, paying
<br /> reasonwble attonxys'feca and cntering on the Property to make repairs. AlthouBh Lendcr mny take action uader this paragcaph
<br /> 7, I,erxler das not have to do so.
<br /> Arry amounts disbarsed by i.cndcr under this par.�sraph 7 shall becomc additionul dcbt of Borcower sccured by this '
<br /> Sccurity InstNment. Unless Borrower nnd Lender ngree to other terms of payment, tliese nmounts shall bear intcrest from the
<br /> dutc of disburscmcnt at the Note rate and shall bc paynble, with interest, upon notice from Lender to Borrowcr rcquesting
<br /> payment.
<br /> A.Mortgage In���rance.If[.ender requind mortga�e insurance ns a condition of making the loa�i secured by tl�is Security
<br /> I�tstrument, Korrowpr shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reasnn, the
<br /> mortgage insurance wvcrngc required by L,cnder lapses or ccascs to bc in effect,Borrower sball pay the premiums rcquired to !
<br /> obtain coverage substnntiully equivalcnt to the mortgage insurance previnusly in cffect, at a cost substantially eyuivalent to tt�e
<br /> . cost tu Eiorrower of the mortgage insurance previously in effect, from an ulternate mortga�e insurer approved by I.ender. Tf '
<br /> substantially equivalent mortguge insurance coverage is not nvailable,Bor►nwer shall pay to Lender each month a sum equxl to ;
<br /> • nnc-twclfth of thc ycariy mortgage lnsurancc premium Ueing paid by Borrower when thc iusurancc covcrnge lapsed or cc.ascd to '
<br /> • be i��effect.I,ender will accept,use and reu+in thesc payments as u loss reservc in licu of mortgage insurnncc. Loss rescrvc �
<br /> Form 3Q28 8190 �
<br /> , Pepo 3 of 6 �
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