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<br /> 5. �t;►�r�a�•�1 m�•k'ro�xrfy bist�r[ietc��a T�t�r��o�vc•r shall kcep th; improvenicnts n�w cxi�tin_r, on c�rcaftcr crcctcd oi� tl�.c :�
<br /> Pru�:�rty insurcd ugnlnst loss hy tire, ti�:tar�is includcai wlohin thc tcnn "cxtcndcd wvc►•ugc" nnd any nthsr h[uan'ds, iutlu�lin�
<br /> fl�oels ar qooding. for t�+itfctn I.crtder rcquire;s in�uranc.�. 'f his insurancc shall bc maintuiucd in dic amount�.titixl faP thx periue3s
<br /> N►at I.ender requires.'fl�e h�surance carrir,r pmvidiug the i��surarice shull be chosen by Borr�wer subject t�i f.��rx,4�::r'K approvAl
<br /> which sl�all n�t Ne unt�ason.�bly wl�hhcld. If i�nrrower fails to maintni�z caveroge describcd above, l.ender rn�y, nt I.,cnder's
<br /> option>obtuin cavcragc to praae l.cnder's�•ights in tho Yrc►peny in accordancc with ps.ragraph 7.
<br /> AI! insmnhce polic.les�e�xl aenewnls shall tse�cceptuble to Lcnder urtd sl�all inclucle a btandard mortgnge clAUSC. Gender
<br /> s6�11 have the right lo hald thopalicies a�xl ren�;vals.[f Lender re�quires,&�rrower shall pramptly givc to Le�xler uli rcceipts of
<br /> paid pren�ittms a�xi renc�v�l��aiices,!n�he event of loss,Bonower shall give prompt not�ce to the insurruuc currier nnd l.ender.
<br /> [,�nctcr may mnkc pr�f of lose if nnt rnndn promptly by Borcower.
<br /> Unlnss l..encter end Borrowc:othe:rwi�.�agrcx in wrtting,insurancc proceeds shall be applied ta restoration or repair of thc
<br /> F��u�rty damaged,if the restc�ntion ar repair is economically feasible and Lendei s security is not lessened.If the ressoration or
<br /> repair is nat�conomic:ally fea�ibla or i.ender's stcarity woulci be lessened,the insurnnce proceeds shull be appliod to the sums _
<br /> secumd by thls Seairity lnstmment, whethcr or nat then duc, with any excess Raid to Borrower. If Bonowcr n6andons the
<br /> p�operty.or doev nat nnswes within 30 days e nodce from Lender that the insurance carrier has offerai to settle u claim, then _
<br /> Lend�t ntay collc�ct thr, insurance procceds. Lender may use the proceeds t� repair or restore the Praperty or to pay sums
<br /> secumd by this Sccurity Instrument,whether or not then due.The 30-day period will begtn when the notice is given.
<br />� Unless Lencler and Honower otherwisc agmz in wrtting, ru►y applicatton of procceds to principal shall not extend or
<br /> past�ne the du� data oi the manthly payments referrod tu in naragraphs 1 and 2 or change the a�rw�unt of the payments. If
<br />� under par�gra��it?.l iha l3m�ny is acquim.d by:..ers�.:, r-ezrc�r.�i s right to any[nst�rance�licies and proceals resu(ting from __
<br /> damage to tM:Pmperty prior to the acqu9siuon sbalt pass to Le�uier r.s�the extent of Ihe sums secured by this Security Insttument
<br /> immedintcty prior ro the acquisitinn.
<br /> 6.Uocu�ncy,Prescrvsitbn,NL�9��te�wnae xnd�rotectian oP t[te Propetty;Borrower's I.ayn A►�.Y�eii:�tion;i.eASe6iotda.
<br /> t�orrower shall occupy. establish, and use the P��y as Borrower's principal residence within sixty dn��s RtTrsr the axecution of
<br /> this Se�urity Instnrment and shal l coritinuc co occ:upy the (�ruperty as Borrower's princitsal residence for at teast one year after
<br /> the date of occupancy. unless Lender atherwise agrees in wridng,which co�sent shall nw bc unreasonably with.held, or unless
<br /> extenuaeing circumstanee.9 exist which are beyond Borrower's control. Borrower shall not destroy. damage or impair the
<br /> Pmperty,allow the Propetty to dueriorate, ar cammit waste on the Propertme, Borcower shall be in default if any forfeeture
<br /> • action or proceeding,w,*.�ether civil or criminal. ls begun that in Lender's gacx�:�a►ith judgment could result in forfeiture of the
<br /> ' . �roperty ot otherwise.��s.e�aally impair the lien croated by this Seaurity InstruU�nt.or Lender's seGUrity intertst.Borrower may
<br /> ' ��,��c„����u;i a.N:,:.ir�'.ace, �°px�l�!':A r��.Th �:�,h����x�nY thz actinn ar»nx�edin¢to be dismisstd with e�rttling ,
<br /> that. In l.etK�r's good faith determination, perrludes forfeiturr.'o� the Borrower's intarost:Dn_the Properiy or ott� t�+xter�al ,
<br /> '. �Empairment of the lien creatryl isy dais Security Insrrtamer�t or I.ender's security intea�sl.;�t�rrpwer shaEl also be in defwlt if • •
<br /> ' f�orrowar,during the lc�an appliaation proces�,gava m�terially fals�or ina�carata.jafiprnu+Nr�n:or sttiton�entR ta�I.onder(ur failod
<br /> ' to pz+ovide►�Wer evith�ny mteriai infom�ation)in con��ection with the loan�vfii�esat�d,b�r�tho 1Vote,inolt��l6qeg.but not limited
<br /> to,rCpc+esentations cuncerni�tgBcyrro+��r's occupancy of the Fropecty as a prineipal residrnca:.�f this Secudty Insuvment is on a
<br /> leasehold, Horrower shall comply wid� ull the provlsic►ns of the Iease. If Borrowcr acqzlins fee tide to the Prape►t�'• tbe
<br /> Icaselwld�tl�e fa title shall nat�aergo unlcss Lender agrces ta the merger in wriHng.
<br /> 7.Protec.tbn ot A.a�der'e lti�ts in the Propaty.if Borrower fails to perform the�ovenants and ngreenxnts contained in
<br /> this Security Instrument.or there is a legal pnoceeding that may significantly uffect l.ender's rightc in the Pmperty (such ns a
<br /> proceoding in banktuptcy,probate,for condemnallon or forfeitur��or to enforce Iaws or r�;$ufadons).thon I�ender rr�sy do ard
<br /> pay for wtuNtover ia nxesss.ry to protc�M the valua of the Propc.ty �►xl Lender's rights in„t�1i Prc�perty I.�ndsr's actions nnY
<br /> include payin� any cums sccured by•a lien whirh has priority over this 9ecurity InsCrti►nleht, a�esring in court. pnying '
<br />- res�sonablc attorneys'f�^,.�Rs�d entoring on the PrQ��ny,to n�ake repairs.Alt}uiug]r lender�y take action.under�his puagt�pP� .,
<br /> ' . ,9.Le:ndtt does tiot l�r��o�o s�. � . � � •::� ,, „ � ;-'':?%,
<br /> � Any arnounts disb�Gy:i,cr►clet,undcr this paragraph 7 shall becomc ad�7itiiinal::debt of Borrowcr s«x►ced.b�;7h�rs �;;:'�,�;;.•.'��
<br />- Security Instnrment.Unless Bormw�er}vect Lendcr agree to other:crms of payment,thes'e�rn�xtints shal!beer+ntercsc fr�rrt�dha
<br />= date of disburscment at;he.Nate�ee a��d shalf be payable, with intcoest, upon uotice fram Lendcr t� Borrower rc�queatiag
<br />` ' : paYtne�t. � �.,' � . �� � .
<br />� • 8.Mmet�sge I�oe,I£Left�tler requiral nwrtgag�i�surancc as a cor�ia{on of m�king the loan cecural by this Securi►Y . �>.,
<br /> � Instrument,•�orrower shall p�y the �raniums required to ma'tntain the mortgege insumn�e in e4'fxt. If, for any reason� t!� • '°;,,.,,'
<br />� nrortgage fi�rsutanct covrr�c tequ+r�cl by Lender lapses or cea:�+rs�m be in effect, Hotmvn*r shall pay t6e premiums rnquira!to :
<br />; nbwin oove�gc substar►tidly equiYa�l�s to thc mortgege insurunca proviously in effect.at a�cosi substandally cquivalnnt tv t?�rL
<br />� cost to &►nrower of the mortgagc insurt�nce prcvious[y in�ffect, from an altemate mortgage insu�r approved by Iander. E� .
<br />� substantial{y oquivalcnt mortgage insuranoe covcrage is not av3ilable,Burrower shall pay to I.ender each month a sum equal io -
<br /># one-twdRh of tht yearly mong�go i�surance premiutr�being paid by Bor�ower whe�the i�susance coverage la}�sod or ceased ta
<br /> � be in effoct.Lender will acccpt. use zr.�d actain these Qayments es a loss reserve in lis�i ��� anortgage insurance. Lass reserve
<br />�� Form 30Z�8 9191i
<br /> �. Pps 3 of e
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