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<br /> 5. I�n•r.�e�i or 1'r��xrty IE?��ti�Hnce. 13oemwc�rshtdl kcEp thr, imprcivcm��ts nuw oxis�tin�; ��r h»�.,-,�a�� s���,cd o�i tliu ---
<br /> Property insurcd uga{nst lass hy fire,ha�urds induslcd wllhin the tcr�n "cutcn�lcd cuvc�a�;ti�° �;n:l any utitr.i• fyc�;,ii�tits, Enclu�lfub
<br /> floods nr flooding, for whirli Lcncler rcyuircc R�uur.i�Me. Thiti insurancc sbtdl lic maintuin:d in Ih�+c�n�ounts nml,��lY!Il@�1CFI0(19
<br /> thut L.encler requires, 'The fnsurance carrfer pruviding th�inr:umnce sNnU ha chnscn by Ik�rru+rnr �ut�ject tn lAixicr'�uppmval
<br /> whlch shnll not be u��reucorwbly withhcld. If' 63on•u+scr fiiU�:tu muintuin caverakc dcscritwy�i nha�vc;, L.��xict �nay, ut I.cndce's
<br /> oplion,o6tain cavcn�ge to pmtect l.ender'e.righ�s In the Property in accarr�unca with purugra}�T�?.
<br /> Al! insuranc�paliciev t��t�f 1'P@�`Wi1I5 SI1311 he�scre�tuhlo to l.endcr.md sh�dt includc n stnntlurd nu�rtgagc cluusc. l.,cndcr -
<br /> shall hnve►he right to hold ti�c policjcs urKf rcr�walc.If I.eixtei•requires,��rxuwer hiiaU pmmrlly�giv�,u►Lender alt rtccipts ot'
<br /> paid prtmiunrs und renawal m�tices, In the cvant nf loss, Rorrowcr shull gi�le prompt n�slce ttt ttin insuru�xe caerier urui l.rnder.
<br /> I.ender rnay make�roof af loss ii'iwt me�1e prumptiy by 8m•ro���cr.
<br /> Unless Lencicr und�orrowcr otherwisc agr�e in w�ritin�. insur.�nce�trrxced:�xhuU t►c a�rflal tu i�stvration or repair of th�
<br /> Prcpony dun�aged,if the restoration or rcpair i�economically f'casiblo un►�I.�ender's�ccurity�iF ix�t lcsrriHxL If thc restoration or
<br /> rcpair is nut cconomically feasihle or Lcrxlor's saurily wuulel be Icssc�nt�d,thc insuranca p�x�r.acclY shnli be applied to�he sums
<br /> s�:ured by this Security instrument. whether ar not then duc, wilh utt�r cxcess {►aid to f�nrrmver, Z;f Borrc�w;,r abandons the
<br /> property, or dc�es not unswer within 30 da}•s a iwticefrom I.e�xfcr thuuth�s ins�uance carrie�r hns a►ffi:ra.�to uule u clnim,then
<br /> Le�►cie: may collcet the insurance proceeds. Lender mray use 1ho prraeeed�� to rcpair ov r�^.Stures the Froperty or to pay sans
<br /> secared by this Security Inswuient,whtther or not then duo. The 3Q•du�pr.riad will begin wTir.n tlw rir�tice is given.
<br /> Uniess L.ender and Borrower otherwis� agree in wdting, uny applicatimz of prcicoais to prl�tciQal shali not extet�d or
<br /> postpone the due date of the manthly payments�ferrcxi to in parnBraphs 1 and 2 or ct�AnFo tt►c n�rKwnt ok'tha paynxnts. If
<br /> under parag:aph�i t6e Frupe�ey ts acquir�bj+l.s:sdtr, Horcat:er':�r3�ht to any incurnn,�c r►nfir.ies cwd procads Qcsulting fmm
<br /> damage to the Prope�y prior to tl�e acquisitEan sha11 pus ro I,endur up tha extent of the sunix sccund I�y this Securily Instrument
<br /> immediately prinr tn the acquis[tIon.
<br /> d.p�cupAncy,preservation,MA{ntttxwinaA�idProtedEon aif the F�nperty;Bornn�•��'s I.c+an Appilc�tion;i..e�eholds.
<br /> Borrower shall accupy,establish.nnd use ttie Propotty as Borrowm'H princi�l resldence within sixty�lays tRer the execution oP
<br /> this Security Instrument and shall continue to aaupy the Prope�ty aa�urrower's prirrcipqi roside�fur at lea�t one ycar after
<br /> the date of occupancy, unless Lender o►henvise agrca in writin�ti which consent shall noi�t►m unreastsnably withheld.or unie3s
<br /> extenuating circumstances e+cist which ure beyon�l Borrower's cantrol. Borrower shall�rxx desirrny, damage or im�air tha
<br /> Froperty, allow the Propeny to dotariornto,or oornmit waste on the Propcny. Borrower•stiall t►e ixn dcfault if any forfeitun
<br /> attien or procexdin4g, whether civil ar criminal,is begun that irt L,ender's good faith judgrnrnt could �esulr in forfdture of the
<br /> pc+�+�rty ar otherwise materiatly impair tha lien creatod by this Scscurity I�strument or l.ep�er's secw:i¢y interes¢.Florrower may
<br /> cuTC Sucn a ueiutili ivau�ciii�tnav,a��xr,ri��in,�:�;:°..�h!�,b;^a�+���![,e:ccinn or uranceodlnc to be d.�smissod with A ruling
<br /> thai, in Laider's goad faith determir�ation, precludes forFeie�am of the Rorrower's intera.ct in the�Property ar other matcrial
<br /> impairment of the lien crcated by this Securiity GistNrnent or�.�ender's security interest. �onower shall also be in ckfault if. �_.
<br /> � Borcower.during the loan applicatian proass,gave materially fuliae or inaccurate infomiatton or st�tY�u�cuiy�o Lenier(nr fuk�
<br /> to pmvide l:snder with wry mxteri:�information)i�rosmcc�ion kvi�li t��e Icnn cvidert�by.the h�a�!$;.enslurling,but n,�+c:l'anutqd�
<br /> tor r�cesentations concerniug Bamower's oocup�ncy of'the Pra��erty a��a principal r�;�:,�h,:�m.If this•:xcurity InuzvoKranG'��s on a
<br /> i�isat�6ld, Borrower shall compl� with all tho provisians of iha lease. It'Borrowor �uires fec•t[de ta the F°r.,�perty. the
<br /> lea�;3iuld and the fa tide shall not merge unless Lender agrccs trs thc m��rr in writing. �
<br /> ;7.Frotection oQ'Lender's Rtg6ts in the Propaty.If Baixrrwcr fails co perf'omi the cati�enants sinrod agreemeats containod in.� .:�'
<br /> this•'Stkkurity instrument. or there.is a legal procceding that mt�y significantly affect Lend4r's rights in the Property (such as a
<br /> proceeding in bankruptcy,pxabate, for condenmatiun or forfaitui�or to eniun�;taw�or r�,gt�Inil0i�5), thez'..^.n,a..,^T. �tniy cb and
<br /> pay for whatever is nxessary to protect the valua of thc Phra�HIrty a��d Lcnder's righis in.tho t'rop�;rty. [.tnders ar:�ions m�y
<br /> include paying any sums sacured by a lien which h�►s priurity over tf�is Securiry lnstrun►ent, a�nrerin? in ccxut. pryin�e ,_.
<br /> � reasonable attomsys',:f�es and entering on th� Property to matca�pai�:s. Aithough Lender.mny taka n+.�tion ander this pan►gxaph�.. �
<br /> . 7.Lcader das not h����to dQ�►. .•
<br /> ��� '�Any omounts disbursed bg �.endcr under thie paragrcbph,7 shal! become additionxl'dcbf�of Horrower q,.�tirrd by this
<br /> Socurity Instrument. Unless Hnr�.c�wer and Lender agrce ta rnhisr terms of payment, tt�sa amounts shall bear i►x£rA'si;t'mm the
<br /> date of disbursement at the Note rato nnd shall be payabla, w3tt� intere,st, upon noticn•from l.cnder to Horn�wt�r'•rrquesting.
<br /> PaYmcnt. � �•�
<br /> 8.biartgage Insuta»ce. If Lendtr rcqui�nxl morcgaga insu�nnce as a condition of making thc loun sxured by this Securlt�� . ,.� �
<br /> Instruaxnt, Borrower shall pay the prczniums mquired to maintain the mortgage insutnnuo in e�'Fa,K. If, for an,y abason, tl�c �
<br /> mortguge insura►we coverage reqairal by Leitder I�pse.S or cea�iss ro 6e in effxt,Bo:��+xx:r shsll puy the premiuma mquira!to
<br /> abtain coverage substantialiy e�uivaleut ta thc martgasc insura�icc pi�eviously in effect,At•a cost r;ub�tantially cquivalent to thc
<br /> cost to Horrower of the �nortgago insuranoe p�viously ht effuat. from un altemate mortBagc ixy��ti►n:r approved by [.er►dcr. If
<br /> subst�uuially equivalent mortgago insurana crn�crugc is not avuituUle,Rorrnwu shall pay to Let4t�ier es�ch�nonth a sum oqual to
<br /> one-tweNth of the yearly mort�c�qe insurruioe p�minm Ixi►�g puid by Bonnwer when;[ih°ins��ranri:coverage I�or ceasal to
<br /> be in effect.i..ender wili xcept,usc and rewiti tl►asc p�ytnents a� a tuss reserve in lo�:i �ef nwri�!age insuranc;e. �[:Oss rtserve
<br /> • • ��ar'r 3028 9I90
<br /> PJg�3 016 ' � � - . .
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