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<br /> � 5. Ii�rd or Propepty Insus�ence• Ba*r�H'er shall keep the improvements now existing or hereafter erected on the . �
<br /> , property inswad against loss by fire. hazards itiicluded within the term "extenderl covera�e"and any other haiards, including �:�¢Y;_;
<br /> floods or flaoding,for which Lender requires insuranoe.This ii►wrance shail be maintained in the amounts a�sd for the Feriads °.��-�„1;._t
<br /> that Lender requir�• The iruurance carrier providin�the ins�srance shall be chusen by Eurroa•er subject ro Lender's approval � _
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<br /> # which shall not be unrra.snnably �vitf�held. If Borrower fails to maintain coverage de+cribed above. I.ender may, at i.ender's -
<br /> . � option.obtain coverage to protect Lender'�righty in the Property in acrnrdsnce with paragr.�ph 7. t�•- ,
<br /> All in�urance olicies and renewals �hall be acceptabt� ro Lender and shall include a ,tandard mortguge��tuu�e. Lxncter �<-' .
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<br /> :;� shall havc the ri�t to hotd the pulicics and mncwal�. If Lender reyuires. Barrower,hall promptly give tu Lender aU receipts of �,L.._�•'_�;_^_
<br /> psid premiurns artd rene�val nutices. In the e�•ent of l�s.+.Borrowef+hall give prompt natice to the imurance carrier artd i.end�r. �
<br /> Lettder may mzke proof of loss if no!made pron�ptly by Borrouer. ,.���
<br /> [lnless l.ender aad Barrower otherwise agree in writing, insurance pmceeds shall be applied ta restondan or repair of the -�� _��:
<br /> Property dain3gad.if the restoratiun or repair is ecanamirally feasible and txnder's security is not lessenzd.if the restoratioa or �:`�,_„�„�
<br /> " repair is noi ecort�omirally feasible or Lender's securiry would be lessened.the insurnnte Prc�s�s shall be appfied to the swns �.-�_-:.-.�
<br /> secumd by this Security Inscrument, whether oar not then due,with any excess paid to Borrower. If Borrower abartctons the �..
<br /> Property. or does not answer within 3tt days a notice from Lender that the insurance carrier has affered to settle a claim.then = -
<br /> Lender may mllect the insurance proce�ds. Lender may use the procee�s t� re{mir or restore th� Prog�cty ar to pay sums :„,�;,�',�;:�.
<br /> secured by this Security Instrument,whethirr or not then dn . 7 e 30-da psriod� ill'tegin when the notice is gi��u. �_,�_
<br /> Unless Lender and Borrower.othervrise agree in writing, any application of proceed� :o principal sbaI! not er•tend or '.. .. -._=.•-
<br /> postpone the due dace of the monthly paymEars referred to in paragraphs 1 and 2 or change th.°am�*�t of the a rrients. If '�_=
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<br /> : uu�er part►graph 21 the Property is acquir•:d by E.ertdet.Sorrowet s right to any insurance policies aztd proceeds resulting fram ;-=-�;-:::
<br /> _ �r,�age to the Propercy priqr to the acquisition shail pa_�co L.ender to the extenc of tfre sums secured by shis Sec�ity Inscnuaent �_�'�--Y`' r_•�
<br /> •r cu.�i2tely pri�r to the acs�uisition. �
<br /> , 6.�.�e�iy�PreservatIon,l4fainlr�naace and Feabse�on of ttie Property;Borrower's�an Applicu4*:�t�;i,e�'taCrPs. �'.
<br /> $�rtower sh�'I occupy,establish,and us:the Property as�orrawer's Principal residence�vithin sixry days after the exeratierx Qf �_
<br /> �as Securiry Instrument and shall contimue to occupy t9:a!�roperty as Borrower's principal residence for at l�st one year after �;J�, _
<br /> - r�'�e date of occugancy,unless Lender oth�tnvise agr�s�n writing. which wnsent shall not be unreasonably v:i�izld,or unless �,r�
<br /> z.tr:�' extenuating circumstances exisc which are beyond T3n+r�wer's control. Borrower shaU not desvoy, dac��p:�r impair the
<br /> ���;�.` Prop�cty, allow the Property to deteriarata,or commi[waste on the Property. Borrower shal4 �e in defau3i if any forf� �-_._�__
<br /> ;;�%x: action or proceeding, whether civil or crzminal, is begun that in Lender's good faith judgmen�c:��;i��ult in forfeiture of the � •-- -
<br /> .:''�� � �roperty or otherwise mzterially imp�ir t�a lien created by this Serurity Insuument or Lendei s stt� ir+:...--�t.Borrower ma >>: : ,
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<br /> �;ue such a default and rein�zc,as pm•rided in paragr�h 18,by causing the actiaa er proceeding to be di�ssed with a tuling T ru_
<br /> � �:iat. in I.ender's good fairb�3etemunation, precludes forfeiture of the Borrovrer� interest in the Propett5� •�r other material ji�����:%��_-
<br /> impairment of the Ge�cma;ed by this Security Insuuinent or Le�d�r's security interest. Borrower shall also be in defa�elt if �
<br /> T'i,amnwes.duriag the loan application prcrcess.gave materially false cs inaecurate informauon or statements to Lender(or fa�ia3 �''_`
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<br /> ' ��provide Lender with�y material�nfernation)im m�nection with the loan evidenced by the Note.including.bnt not iurt� --
<br /> ' �,representalions cancer�z;.�,�Borrower's occupancy of:��e Property as a principal residence.If this Securiry J'��^ament is on a ��;.
<br /> ' 9easehold. Borrower shall xmply witi� all the pro�i<i��ns of the lease. If Borrower acquires fee title to �he �rnperry, the =
<br /> ' � , leasehold and the fee title shafl not mcrgs anless Len�L=r agrees to the merger in writing. --�
<br /> 9.Pro4ectlon of LQnder's Rig�cna in.rirr_Property.If dorrower fails to perForm the covenaca��d agceemenu wr.tzir.r��in
<br /> . �. this Secutity Ingtrument, or there is a legai proceedin�that may significandy affect Lendei s ri•;h'ts in the Pr��erty(s•��z,�s a �
<br /> • proceeding in bankntptcy.grobate. far condemnatioii c�forfeiture or to enforce laws or regulations). then fsr��:r may Eo and �,,.,,�:�.•.:
<br /> ' 1Pay for whatever is nec��ry to protect the value af dx Property and Lender's rights in the Property. Le���s astius�s may � �'��`' -
<br /> • inslud$ paying any swns secured by rc lien which has priority over this Security Instrument. appeating in court. p��±�^g � ------
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<br /> � reasunable auorneys'fees and entering on thz Property ro make repairs. Although Lender may take action under this pasa�c�.h �,.,.,�,;�_.
<br /> 7,Lender does not have to do so. ����-
<br /> Any amounts disbursed by Lendar undsr this r:nragraph 7 shall become additional debt of Borrower secured by this
<br /> �,. �,'�� Borrower attd Lender ::�e to other terms of payment.these amounts shall 6e�v ir.=rest from the F' ��` `��"'°
<br /> Security Instrame.�t. Unless �,
<br /> �"' .;; date of disbursement at the Note rata and shall bs aayable. with interest, upon notice from Lender to E��cwet requesting
<br />�� ;: i paym_nt.
<br /> `.. '� $.Mortgag2 Insurance.If l.endar�uired�re��3gage insurance as a condition of making the loan secured by this Security
<br /> �nstrument. Bamotiver shall pay thc pn*nuums �equinxi to maintain the mortgay;: insurance in effect. If, f.a•a any reason. the _ __
<br /> cnortga�e ir►surnnce coverage requind b�: Le¢der[:s,�:r•_s�:r ceases to be in effe�a..�orrower shall Qay the pe,�m;il�-is required to
<br /> � ' obtain coverage substantially equivalea¢:�.•t':rrarc��:g:insurance previously in effect,at a cost substantially e�,ui�•ai�sts to the �,.
<br /> ' � cast to Borrower of the mortgage uur,r_.�x previc�us:v in effect. from un alternat�mortgage insurer approved by L.e�d�-. If
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<br /> sibstanrially equivalen!mort�age inbura�ce coverage is not ssvailu8le.Borrower shail pay to Lender each month a sum equal to �•__
<br /> • '+ mne-t�velfth of the yearly arnn3�sge insurance premium izeing Q�id by BonoweY when tho ituuranoe coverage tr,�sed or ceased to ��-_�Y-
<br /> t be in effect.Lender will aoxpt,ur,�and retain these paym�nts as a loss reserve in lieu of mongage insmun:e. Loss reserve --
<br /> . • Fo►m 3028 9i80 �:""—�-
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