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<br /> 5. �lia:ard or !'t�oper�y lnsursu��r. kiorrower shall keep t!►e intpmve��x�xs nc►w �xisting c►r he��Re+ e�ectecl c�n the
<br /> t'ru�xrty� in,wm:l r.�ai�ut lass Dy �lrc. Au.�r�ir in:ludcd witt�in thc tcm� "cxtcndcd caverare" n�xi any other hazards, inctudinr
<br /> flaxis or flocxling, far which i.endcr royulres inwraricc. ThiY i�uurur��st�ll M nutintaino►f in the unwu�ts zrxl fur the pericx9s
<br /> th�t Lendcr �uirrs. Thc insur•rncc czrricr providing thc iiu�ura�xr shal! be clwsco by &urow•cr subJat to L.erxie:'s:�roval
<br /> which st�all not t+►: u�L'escui�ly withheld. !f Borrowcr f�lls to n�aintaln��vers�e describ�d abuve. Luxlcr uwy, u1 L.e�xkr's
<br /> option,obt�in cvv.:r�c ta prat�xt Lctu�cr's ri�hts in tlu Peoperiy io arcord.vu'c with paragraph 7.
<br /> AI! iix.ur�a�polkies wxi c��ew�ls �ull bc x��c�hlc w [.t+id:.r ac�d shall includc a u�tiiard nwrtg�c cl�usa. [.cndes
<br /> LtW 1 havu tFa:righ:to hoW th�policies arid ruxwats.If[.t�xkr requircs.8orrau�er shalt pr.u�y�Uy gi�•e to lxnder ull rec�eipts uf
<br /> pa�d pnmiums ux!rcnewa!noticts.In thc�vent of loss.Borrower slall�i�a prort�+t naice ta the iosurancc curKr�nd l.axler.
<br /> l.ealde�nu+y mak�:pmof of lass if nat macie prompt{y by liorrou•er.
<br /> Uniccs ir.rxier wtid Borrc�w•er oth�rwisc qgree in wricing, i�uumn�procrals shull tk:upplial ta rtatursticut ur repai��uf the
<br /> ProNerty d�rnaged, if th�rcstoration or rcpair is ccononucally fcasibla�x1 Lendee's se�ur�ty is not Ics.sei�ed. It'thc restaratiuti�or
<br /> rcpair is not econocnically fe3sibio or Lenckr's security would be lessened,the incur.u�ce praccods shall be upplieJ to the sums
<br /> securad Dy this Suturity Inurun�ent, whethcr or not then duc, with any excess paid to Banower. lf Bnnowcr abu�donc the
<br /> Propeny, or docF not v�swec within 30�dnys a rwtice from Lc�xler that tho insuranoe carrier has at�'ered to setUe a claim. thcn
<br /> l.enc{er may oalk�ct the iosuranc�prooeods. [.,ender may usc che procoods to repxir ot restore the Properiy or ta pay c��mc
<br /> sxurcd by tlsis Security Insttumrau,whcttur or not tlun duo.'Fhe 3(l�day period will txgin when the natice is given.
<br /> Unle.ts 4nde� and Borrower otherwise agrx in writin�, any application of prooeeds to principal shall not extend or
<br /> postpone the duo date of the monthly payments rcferrod to in�.:,�raphs 1 uixl 2 or change tl�e�mowu of the payments. If
<br /> under pzragr�f►21 the Property is xquiral by l.endcr, Borrower's right to any ituurance policies and praceads trwlting fcota
<br /> d�nage to t}�Rt�erty prior to tho acquisition shal!p�;s ta Ira�der w the extent of the sums socured by this Socurity Insiruaxtu
<br /> itumaiiately priac to thc aoquisitioa.
<br /> 6.Occuponcy.Preservation.biainteaaace aad Protection of tbe Property:Borrower'9 Loan Appli��doa;Leaselafds.
<br /> Bornower sh�ll uccupy,c.ctzblish.aod use the Property ac Borrower's principal residence withia sixty days after the ta�ocution of
<br /> this Security Ir,�ta�t a�x1 slwll continue to oecuPY��nY���w�r's principzl residenoe for at least one year after
<br /> the date of occupnncy.uc�ess Lender otherwise ag�oes in writing. which ax�se�te shall not be untpsotu►bly withheld.or unless
<br /> exttnt�ating ci�.�� exiu which ue luyond Borrower's oontrol. Borrower sl�all not destmy, daznage or impair the
<br /> Property, �T�a�x the Properry to deterioratt, or commit waste om��e Property. Borrower shall be in default if any forfdture
<br /> acdon or pcWCading, whether civil or criminal, is�egun that ira ll.���nder's good faith judgmuu oould result in forfeiture of thc
<br /> PropertY or ot�ucwise rtsaterially irnpai�the lien rre:u�b}this Security Inclrunxnt or Lslder's security irx,��st.Borrower may
<br /> cure such a defauit and ninstate.as providod in par��1$,by cansing tha actian or pmceeding to be�fis+missed with a ruling
<br /> that. in Leadcc'a good faith determination. procludes n.�r#ai�ue of the Borrower's inttrest in the Property oc otl�er matetial
<br /> impairment of tEx: liW� creatod by this Securiry insuume�u o:Y�e,a3ar's savrity interest. &x�wer shali rlso be in default if
<br /> Borrowu.during she losn apQlication proass.gave materially fatse or ioaccurate infomsation or uatements to La�der(ar failod
<br /> w pnovide i�nder with any materi�!infomiation)in ooeaxdon with du loan esAdrncetl by the Note.including,but not limitod
<br /> to.rrpraentatiaas coaoerciag Borrower's oecupanc�r a�f t�a Propaty as a pritxi3�residence.If this Savri�j Inwument is oa a
<br /> leasehold. Bc►r�uwer siradL cotnply with all the pr�sy�.�rans of the lease. If �•.wer aoquiros fee titk crs tbe Prope:ty tlx
<br /> • lease6old aad We fa tao�e s4al1 oot mrsae udess L�ea�ira�stroes to the mcr¢er in writina. '
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<br /> ?.i'rc.�tioa ot I.r�cs's R�lSis ia thc 101eopcsf;F.If Borraucr fails to pc.-�.-mrt th:,covraonts aad agrocmcair caauaisxd in
<br /> this Security i�t,tYUmeni.or:1�ere is a legal proccecii�th�t may signific�ufy s,t�..�t I.ender's rights in the t'roperty(such as a
<br /> pmceeding ia btwiaupcy,prob�te,t'or oor�denu�atir�+s c�r fo�feiturc or to enfo�:Ewws or regulations),tha�I.enckr raay do aod
<br /> pay for wt�tever is neoessary to protect the value c.xF Cho Pc�ap�rty and Lendu's rights in tho Property. I.ender's actioas msy
<br /> include paying any wms sxured by a lien which has prioaty oves this Security Instrument, appeuing in couR, payit�g
<br /> rtaca�ablc attar��rs'fees�nd cnicrin�on the Pro�raty to m�ke re�ain.Although Lender� �t.:e xtion ut�der this par�grip6
<br /> 7.I.a�der does not have W clo w.
<br /> Any amonnrs disb�rsed by l�endet under tkzs p�aragr�ph 7 shall became additional debt of Boma+�er socured by this .
<br /> Socurity Iosirumeat. Uakss Borrower and Lscxkr x�nee to other ter�r�s of payr�t,these amounts shall bwr intenst frnm the
<br /> due of disbursetac�t at tbe Note �ate aod shall be payable, with intenest. upoa notice fscxa Lmda w Bormwer�equettiqg
<br /> P�Y�• �
<br /> 8.Mott�e Iaaraoce.If[.ender r�equirod mortgage incurance zs a 000�titiao of m�icing the loan secured by tbis Security
<br /> Inwument. Borrowu sh�ll pay the permiums roqu.i�ed to maintain th�mort��-: iruurance in ct�ea. If, for any reason, the
<br /> mortgage ins�ur�aoe oovaage roquircd by Lender t�.,es or ccases w be in cf�,Borrower shall pay the pruniums requiced to
<br /> obtain coverage substatstially equiv�fent to the mortgsge inwrance previousiy in effxi, at s co�tt substantially oquivalent W the .
<br /> �ost to Borrawer of the mortg�ge i���+�t previously in ef�'a�. from an altunate martgs�e ins�rtr apprnved by l.ender. If
<br /> substantia!!y equiv�ltnt mortgage intur.u�ooverage is not availabte.Borrowu st�ll pay to Lender each month a sum equal to
<br /> one-twdith of the yeuiy awrtgage iacurance premiurn being ptid by Borrower wt�the insurana coverage lapsed w eeased to
<br /> 6e in effxt. Ix,ader will�ocept,nse and retain th�p�yments ac a loss reserve in lieu of mortg�go inc�raooe. Locs reserve
<br /> Fo�m 3o2a 9l90
<br /> r.o.aas
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