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<br /> 5. 17�trd u�• ���a�iiy If��Sa�uftcc. �t�orr�vrcr �:I:all E;c::� titc i�nptuvc��z��u�i �in�J cxlst n�, �r he�4a tcr c.:.c .z c�u Ui:;
<br /> Praper�y insured uga3nst loss by tice, h�u.acds inciuded witliiu the tcmi"cxtcnded covcrage" nnd nny ather liutic:irds, inel��r9ing
<br /> flcx�ds or fiooding, for which Ler►der raquircs insurance.I'his insura�sce shall ba mxinteinod 1n the unwuntR And for the periade
<br /> fh�t Lender requinrs. The insurenca rarrier providing the insurance sh�ll be chosee� by Bormwer tiubject to (..tncler'9 approval
<br /> which Rtudl not bo 4nreaxmshly witHheld. If Horrower feils t� ►nAinteln c�verage describod abc►ve, l.endcr m�+y, at L.endcr'e
<br /> option,abtnin cauemge to prote�t Lender's rights in the Prapeny in eccordance with p+ir�gra{sh 7.
<br />' AU ltuturanc�e policies and reoewals shail ix aceeptabte ro Le�xler ancl ni�ali in�fude a yiaixta�d ��x►�tgage ciauw. l.c:�xlcr
<br /> shal!hsvt tht right to hold the pc�liciea a�d retxw�is. If Lxncler requfc�es,Bc�rrower shall prompNy give tu l.encler all recCipts of
<br /> paid premiums and renewal�wtices.in the event of lass,Hormwer shell give�rompt notice ta tl►e insurnnca currler and Lencler.
<br /> Ltnder cnay maka proof of loss if not made promptly by Barrower.
<br /> Unicss Lender and Borrower othe�wlse agrte in writing,insurnnce proceeds shall be appliod ta rcstoration or repair ot'the
<br /> property dartwged,if the ustoratian or repair is econotnicnlly fessibte an�L.endee's isecurity is�x�t fessened.If the restoraeiun or
<br /> repair is not economicalty ftasibla or Lender's securiry would be Ics�cnai,[he i��surwx:e pr�x•,c�is�liall Ue applied to the sums
<br /> sxured by this Socurity Instrument, whether or nat then due, with any excess paid ta gorrower. If Borrower abandons the
<br /> Property,or does not answtr within 30 days a noticc from Lerxler that�hc insurnnca avrier has offered to settle a rlaim, then
<br /> I.ander may cullcct the insurance proceals. t,ender may use the pracads to repair or restore the Propeny os to Fay sums
<br /> secvrod by this 5ecurity InsErumcnt,whether or not then due.The 30-da��period will b�sgin wlien the notice is gfven.
<br /> . Unitss I.ender atxl Borrower otherwisa agiree in writing, any applicatian of proc;teds to principa! slwll not extend or
<br /> tx►stQone the due date of the manthly payments referred to in paragraphs I and 2 ar changc the amount of the payments. Yf
<br /> under pxragraph 21 the Property os ecquired by L.cnd�r,Borrowcr's right to any insurw�ce polir,ies and procads resulting from
<br /> damago to the Propoity priar to the acquisition shall�ass to Lender to the extcnt of tl►e sums securod by this Security fnstrument
<br /> inunediatoly prior to the acquisition.
<br /> 6.�p�ucy.Prreh'vatlon, Maintennaa and Protecti�n of the ProP�Y9 Bor�nwer's I.oAn Appiiaitioa;[.cxsd�oldA.
<br /> Borrower shall occupy,establish,and use thc Propeny as Bnrrowcr's pdncipal residencc within sixty days nftcr the exe;cution of
<br /> this Security Insttument nnd shall continue ta oecupy tht Pmperty as Barrower's prinaipaS rcsidence fur at least one year after
<br /> tho date of occupsncy.unless Lender atherwl.sc agroes in writing. which consent shi�lt�not be unrcasonably withheld, or unlsas
<br /> eaicr�outing circa�►istances exist which a►�e beyond Bnrrower's control. Borrower shall not dtstmy. damagc c�r 'ampair the
<br /> Fruperty,atl�w the Property to dueriorate, or commit waste on the Property. Borrowor shell tx. in default if any forfeiture
<br /> actlan or proceeding. whethar civil or criminal, is begun that in Lender's good faith juQgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security��strument or I.erxlcr's sccurity interest. Borrowtr miy �
<br /> cure such a defauit and reinstate,as providod In paregraph 18,by causing tht action pr'.p�cxeeding to ba dtsmissod wit5i a�uling �
<br /> tl�at. in Ixnder's good faith drt���nination, prxludey forfeiwre of thc Bonower's 'irf�:r:est in the Property or a1fi�r,miteri�!
<br /> imqp�iiUCi�cnt of the lien created by.this Security Instn,ment or Lender's security intere�t. Bdrcower shall also be in.:tiefauit if
<br /> BoKSO�er,during the laan appliuition process,gave rt�atcrially false br inaccurate infarm�tion or statemei�ts to I.chtl�r'�or failetl
<br /> ta provide L,ender with a�iy materi�l informatian)in connoction with the loan evidenecxi by the Nate,s�cluding,but iia limitod
<br /> � ta,representations oonarning Borruwei s accn�cu�cy of the Property as a principnl rcsidcnce:. If this S���udty Inshusnent is un a
<br /> teasc'hold, Horrower shall canpt� with aU fhe provisions of the lease. If Borrower acquir� fex title to the �TMiepecry, the
<br /> leavc3iotd ud the fce tiUe shall not m�rgt unl�s L.ender agroes to the merger in writing.•
<br /> ; 7.Pratation of Lendee�'s Ri�hts:n the Property.If Aorrower fails to perferm Ux�covcnants and agreements containod in
<br /> this Sa:urity Instrument,or there is� legal pnoceeding that may signiflcantty affect l.ender's rights in the Property(such as A_.`',
<br /> proceeding in banksuptcy,probate,for.co�xtcmnation or forfeiture or to onforce laws or reguletians),then I.et�der msy dn and�"����
<br /> pay for whatecer is nocasary to.protect the value of the Property and t,ender's rigitta in the Properry. Lender's actions tnty
<br /> include paying any sums socuter.'f by � lien which has �priority over this Seeurity Irstntment, appeuing in oourt. p4yiog
<br /> rpaonablc attomeys'fas ar�d erinedng on the Property to make repairy.Although i,e�xier n�ay take sicction under this pa�ragrnph
<br /> . 7,I.ender does not have ta do so. , �
<br /> . Any amounts disbursod by Lender urxkr this paragraph 7 shall become additianal debt of�!Harrowcr sanerod by this
<br /> • SKa�rity Instrument. Uidess Borrower and Lencler agrce to other terms of paymcnt. ttxse Amounts sPuill bear intepest from the
<br /> daic of disbursement at the No2e rate and shall be payable:,with interest, upon not'rce from Lendcr to Bo�rower roqu�ting
<br /> PkYmqtt.
<br /> 8.Martssge L�sursncc.Tf L.endtr requ3rai mortgage insurunce t�s a ct,ndition of making thc loan sxured by this Socuriry
<br /> Instn►ment, Borrovrer shall pay the prcmiums roquirod to mainwin 4he rswrt�uIIe incucance in effe�.K. If, for a�y rcsw�n, tl��
<br /> mart_gage insaranco coverage required by L.end�r Iapses or ceases to b�ire effect,Borrowcr shall pay the pnemi�ems requirod to••��
<br /> abiciiin caverage substantiully e�li.'�valent to the mrortgage ins�rnnte praviously in effe�t..at a��nst substantially er�a:iv��lent to the
<br /> co§t tn Borrower of the mortgag�insura�ce prcviously in eff��t, fram an alter�wte m�ittgage insurer approvai b,}.'Lender. If
<br /> -. �ibstentially equivalent moRgage insur;�ncc wverage is not available,'Aornswcr shall gay to.L,cixier eact�month a som cquut to
<br /> or�e-twdfth of thc yearly mortgage insurar�ce premium bcing paid by Borxower wl�en thc insurancc c.civ�rage lapsed ar ceasod to
<br /> be in effect. Landtr,wili accept,use and ntain thcse paymcnts as a loss reserve in lieu of �no�tg�tg� ansurar�.•_Loss reservc
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<br /> Fornt:3028 9/80
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