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<br />:.� 5. KaTaM or Properry iasuraace. Borrower shall keep the impcvvemenu now existing or hereafter erected on thc ;;_�.
<br /> Froperty insured against loss by fire, hazards inctuded viithin the term "eatended coveruge" and any other hazards, including � ;;;;��..
<br /> ' floods or tlooding, for which Lxnder requires insurance. This insurance shall be maiatained ia the amounu and for the period� ��.-.
<br /> jthat Lender reqaires.The inwrance carrier providing th�insurance shall be chosen by Borrawer subject to Lender's approval ��-'�;�
<br />'� whicfi shall not be unreasonably withheld. If Borrower fails to maintain coverage described abo�e, Lender may, at Lender's �"�'�.�n
<br /> � option,obtain rnverage to pmtect Lender's righu in the Property in accordance with paragraph 7. ,`,;;�f_�
<br /> y All insurance policies and renewals shall be acceptable to Lendes and shall include a standard mortgage clause. Lender �'��•;��=,�
<br />: � sh311 have the right to hold the policies and renewals.If I.ender requires.Borrower shall prompdy give to Lender all receipu of
<br /> � paid premiums and renewal notices.In the event of loss,Borrower shall gi�e prompt notice to the insurance carrier and Lender. :.: _;�
<br /> Lertder may mal�e proof of loss if not ma�e promptly by Borrower. �f°'�
<br /> :� Unless Lender and Bor►ower otherwise agree in writing, insurance pmceeds shaU be applied to restoration or repair of the •`:�:X`�
<br /> Property da�iw�d, if the restoration ar regai€is economically feasible and Lender's security is not lessened.If the restoration or '
<br /> � repair is not eaammirally feasibte or Fx�.w�s security would be lessened the insuraace prooeeds shall be applied to the sums ';-"T't
<br /> .�:-.-_:
<br /> At_•.--�."-_
<br /> secured by tirs szcauity In.��ntrnent, v!r�ther or aot then due, with any excess paid to Borrower. If Barrotiver abandons the �;i¢t;�_-
<br /> Property, or�3�a;�t ar�swer�z'� �r��s a nodce from Lender that the insurance c�rrier has offered t�settle a claim,then °
<br /> . Lender Rra� o.iri�-c the insatance pn���c3�. Lender may use the proc�ds to repair or restore the Property or w pay sums
<br /> '�' seeured hy ifiis Suurity Instncment,wh�h�ar not then due.The 30-day period will begin when the nodce is given. �1.
<br /> , U n l e s s L e n d e r a n d �.�r!i w e r o t h e r a r i s e a g r e e i n w r i ti n g, a n y a p p l i q t i o a o f p ro c e e ds to princi pal shall not extend or �`��_
<br /> postpone the dae date of r,�e�nontlily payments referred to in paragraphs l and 2 or change the amount of the payments. If �"�=_�
<br /> under paragraph 2l the Property is acquired by Lender, Borrower's right to any insurance policies and pmoeeds resulting from �-�,.',r,•�.�•
<br /> dama$e to tfre Pr�perty prior to t he acquisition s h a l l pass to L en der to t he extent o f t he sums seca r e d by t his Securi ty I n s t r u m r s t t '_�"
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<br /> :mmwl:arPi•T.�+.�,-�p�Q a�l�miclttOT1. ,
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<br /> .�� 6.Qrcupancy, Preservatton,Mainteaauce and Pro4�ton of the Prop�y;Borro�ver's Loan Appifqtion;Leasehntds. �s,,.s...=..
<br />'i• Lfa,-�rc�wer shall occupy,establish,and use the Property as Borrower's principal residence�vithin siaty days after the execution of t��=� "��-.
<br /> ' �S�ty In �.n���shall cominue to occupy the Properry as Borro�ve�s prinripal residence for at least one year afier �,.�,,,.,.
<br /> °3� the date of occupancy,unless Lender otherwise agrces in wtiting, which consent shall not be unreasonably withhetd,or tmless "'���"�
<br /> r. extenuating circumstauces exist �vhiclt a.r•t beyond Borrower's control. Bormvrer shall not destroy, damage or impair the
<br /> Progerty, allow tbs Pcorer:t�N�deter'scsa:e, or commit waste on the Propertv. i3u�xT•ativer shall be in default if.any fodeiture ' - �
<br /> �srion or proceeding,ni:Y�:�:-�Tvil or criminal,is begun that in Lender's ga�.f.ai.�;adgment could result i�C�:�r�'ei�ure of the �` '•'
<br /> . C�t+a�erty or otltet+vise m�:.ially impair t�e lien created by this Security Iasuz:�i�ru��.-Lender's security interest..�orrower may �
<br /> t�;«.e such a d�r�(.�:and reinstate,as provid.ad in paragraph 18.by cn.r.sir,�;r:.s�.7�ra-�or proceeding to be dismiu�.'wi3b a n�lii�g r�.' ��_=�
<br /> �,�,�in Lciair�':� gaod faith detemuaauon. prectudes forFeiture o�sf:��c^u«�:r's interest in the Property er cther�i;sl. "'"
<br /> i,�:�irment of the lien created by this Security Iastrument or Lend�'s security interest. Borrower shall alsa lac�i:�de�alL• 's�
<br /> LJ+���wer,duriag the loan applicati�n process,gave m�terisilly false or inaccvrate information or statements to E.c�,�er(or fai[sd
<br />' ' � !as�,:ovide Lender with any material information)in connecaon with the loan evideACed by the Plote.inciuding,but not limited �- -'-"'
<br /> na.representations concerniag 8orrower's occupaney of the Property as a principal residence.If this Securiry IRStrument is os a ��r�
<br />- ieasehotd, Sorrower shall comply with all the provisions of the lease. If Borrower acquires fee dde to the Property. tii�
<br /> lcasehold and the fes dde shal!not merge unless Lender agrees to the merger in writing. �,
<br /> . 7.Proteetion of Ix�e3�'�Rights Im the Property.If Borrower fails to per�'.�c�cl�e covenants and agreemeats containea in �.:--.--
<br /> . ��Ei:a Security tnstrument. ar there is a legal proceeding that may significandy a�fe��i.ender's rights in tha Properry(such as a �y�•mm
<br /> . ,�-ceeding ila fsankruptry,probate.for r.�:�demnation or forFeiture cr w enforce laws or regulations).then I.end�er may dcr� _
<br /> ' � �y for w1r�-w+er is necessary to prat�x ti�r value of the Prapercy'.�r�i Lender's rights in the Prope�y. I.ender's actiens ra�s
<br /> �' *-�-_°
<br />;j•.;' �,�clude paying any sums secured by a lien which hss prioriry �a::�x: this Security lnstrument. appearing in wurt, psying �_�� �,:�-
<br /> r.easanabte attom s'fees and entedrt on the Pro t��make re a�rs.Althou Lender ma take actia�under this ara h �_'�•"
<br /> S �.: � eY 8 Penl� , P � P� Y P �P � :
<br /> �',Lender dces wt have to do so.
<br /> `( ' Any amounts disbursecl by Lender under this paragraph 7 shall become additional debt of Borrnwer secured by this
<br /> �:!;�•. � --------
<br /> �:�'.�•�� Security Instrument. Untess Borrower and Lender agree to other terms of payment, these amounts shali bear interest from the -�,:,��
<br /> date of disburse;nent at the Note�ate and shall be payable. with interest, upon notice from Lender to Borrower requesting �-• '
<br /> �aymen� �', .
<br /> 8.Mortgage Iaswrst�,vaa.P.f Lender re,�uired mong;a;gs insurancx as a conditir�n�f making the loan secured by this Security k'�
<br /> �__.�
<br /> ° �:�strumet�t. Borrower shai;r,u.y the premiums required to maintain the mortgage insuiance in effect. If, for any reason. tits — .__
<br /> mortgage insurance wverage required 6y Lender lapses or ceases w:t�in effect.Borrower shall pay the premiums requirod tn ��•
<br /> "�. ' obtain coverage substuntia]iy eguivalent to the mortgage ictsue�u�:��ar.r:��5�usly in effect,at a cost substantially equivalent to tic� —�` -
<br /> ��t to Borrower of the un:�r�age insurance previouslF7 iat�;;er:. ::c:TM�an altemate mortgage insurer approvad by Lender. I: ��"�'
<br /> �i --�
<br /> ! substanrially equivalent mrm�:ege insurance coverage is*,ct available,Borrower shall pay to Lender each mon�i�i.w�m equal to
<br /> one-tweifth of the yearly:r:ei��age insurance premium being paid by fia;rower when the insurance coverage lapse6 or ceas�ri W �--..,
<br /> �; be in effect.Lender will accept.use and cr..�ain these payments as a to�s rasen�e in lieu of mortga;e insurance. Loss re�etve
<br /> � Form 3028 fllQO
<br /> y P¢r�o 3 ot 9 � -
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