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<br />�t'� t.Y;�� 5. }i.s�ard �r Prnperty fnsi�rance. Bo!ro«�er s a kee � ��rovements now cristin� or hereafter erected on the
<br /> �"°`�'�'�"��'�`' ['r��pe�Zy insurcd against fo<s bq fire, hazards included w�ithin the term "extended coverage" and an�� cithc� ' �' '.'
<br /> tlo�kis„r f�oodi+�}c. for w'hic�i Lc��der requires insurance. This insurance shr�': be maintained in the amounts and for the pencxls
<br /> �hNF I �•n�t+�r ��4�Fiirr� 'I'h� inRurraneo cnrrier providing tiic inaiPrance Rhi�li ��a chncen by 6orrower subjr,N,to L.Cnuet'S Tp(frOVal
<br /> 5. F u :i�:,; �vl�irh sh:dl riot he tmrrace�nahiy withhelct. If Burrower fails to main!ain coverage described abeve. L.ender may, at Lender's
<br />� entien. ��ht;�in c��cr.ee to protect Lende:'s rights in the Pro;>erty in acco*danee with paragraph 7.
<br /> :�{I �nsi�r.�ree roLcie, :nd renewals shall he acceptable to I.endzr and sh�ll inctude a standard mortga�e clause. Lender
<br /> :;t;��j� }7,�;r the rigiit ro hold the policics and renewals. If Lender req��ires,3arrov;cr shali promptiy give to Lender all receipts of
<br /> ' oa;d � ��uiir�s and �ene�4ai notices. In the event of loss, Borroaer shall give prompt notice to the ir.s�rance carr:er and Lender.
<br />' �� ;�;. � t��nScr nia� make proof of lo,s if not ma�ie prompd}��by Bcr.c�4er.
<br /> (!��ie" lxruer snci Borrouer othenvise a�ree in writin;, ir.surance procecds shal! be ap�lied to restoration r,r repair of ehe
<br /> z : P;oj,ec,� dama�ed, if the restorat;on or repair is economically feasib(e ar.d Ler,der's securitp is not lessened. If tne resrocation cr
<br /> L repai; ic not economicail}' feasible�r LenGCr's security would be lessened, the insurance proceeds shall be appl:ed to the s�ms
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<br />�4�x,�.� '. s,cureci by tt�is Security :n�trument, whe:hcr or no: then due, with any excess plid to Eorro�ee:. If Borro�ver abandons the
<br /> �` Prr�;�rc}, or does �ut �ns���cr withir. 30 days a notice from L,ender that the insuranee carrier has offered to settle a claim, then
<br /> '�..` � :,ender muy collect the insurance proceeds. Lender may use the procez:ls tc� repair or restore the Prc^erty or to pay sums
<br /> k `� y �ecu,-eJ hy t}�is Sccurity Instrument, whether or no[then due. The 3G-da}'peria:ccil(beein when the notice is given.
<br />� Lnles; Lender and Borrcw�er othenv;se agree in wruing, any �pp:icutioa of proceeds to prin.cipal shall ❑ot eztend or
<br />} � F,c,tponc the due datc ei the me:ithiy paymcnts referred to in parapraphs ? anci ? or change tt�e amou�t of the paytnents. I;
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<br /> Un:icr p:�racrr,ph 2l the °mpe��y is acqui:ed by Le"de;, Borrower's r�ght to any insurance policies and proceeds resulting from
<br />�; „ „• �'.:una�*.e�,>the !'rope.rty prior:o the acquisition shall pass to L,ender to the ex,ent oC the sums sccured by this Security Instrument
<br />� " ;mmcdisic��prior to thc acqvisiiion.
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<br />�;{�a ' F. {;cca�ancy, Presertiation, ;�:ainienance and�'s�otection of the Propertr•; I3�rrower's Loan Apalication; Leas�holds.
<br />�� Bc,rr:��.er st�atl e�cuf;y, establisn, and use!he Property as Borrower'c prin�ipal recidence within sixty da�;after the execution of
<br />�, ru� �ec�.�rity� Instn�rncr,t and siiall continue to occupy the Property as Borrewer'� principai residence for at Ieast on�yea*aiter
<br />'' :he date uf o�cup�ncy, unless Lender othenvise agrees �n w�riting, �vhich cnnsent shall rot be unreasonably w�ithheld, or unless
<br /> •;xi•-;;uaur�, c�rcumstances exist which are be;:ond Borrower's cor.voi. Borrower shali not destroy, damage or impair the
<br />_ ?-e�c;t}. rCow !he Froperty to deteriorate, or commit «aste on the Fr.nperty. Borrower shali be in default if am� forfeiture
<br /> a.;ion �?,-��rnce c'i��g, �+'heti�cr civii er crimina;, is begun ihat in Lender's good faith judgment could :esult in torfeiture of the
<br /> r Properr: :�r ctiic wi�c materially irnpair the lien crrated by t}iis Security Instrumcr,t or L.ender's sacurity inter�st. Borrower may
<br /> t�, "ire such a def:+u!t and rein�tate, as provided in taragrapl• lA, by causing thc actien or proceecciing to be dis:nissed with a rulin�
<br /> '.h:t. ir� Lend�r'; good iaiih detcrmination. precludes fcrfeiture of the Borrower's interest ir. the Property or other material
<br /> r ' i�npair�ncnt ��f Iiie lien creatcd by this Security tnstrumen! or Lender's security interest. Borr�;c:�er �hail also be in defauft if
<br />� s B��rro��er, durin�the loan zpplication process, �a•:c materially false,�r inaccurate information or statements to Lender(or failed
<br />� �,,` '' ;o p;a�idc l.,cf�;'.er«•itti am ma!erisf information? ir connection��.�ith:he loan e�•ic':enced by ttte Note, ir.cludin�, but not iimited
<br /> � te, repr°sentations cencerning Borrower's eccupancy oE the Proper•y�as a pr;ncipal residence. If this Security Instrument is on a
<br />` ica�;elio;d, [3orrower shali comp!}� witti ali the provisions of tl:c lea�r. If Rorrower acauires fee title to the Property, the
<br /> � icasehold and the f�ee title shali not merge ui,less I�nder agre�s to:}�e r,_e�ger in writing.
<br /> �f �} 7. 4'rofcce�n35 of Lcncler's RiPhts in tne I'rop�rt}'. If Borro�.ver faiis to perforr:i the cover,ants and a�reements contained in
<br /> s�? ,hi5 Securitv [nttrument, or t}�ere is a legal proceedine that may significandy affect Lender's rights in the °r��:�y fsuch as a
<br />� � procecciing in bank:upicy, pmtizte, for condemnati��: or forfeit��re or to enfcrce laws or regulations), then Lender may do and
<br />�- ��"� ' pav f,a, ;vnate��cr is necess�ry eo protect the val�e of the Prope�ty and Lender's rights in ihe P;operty. Lender's actions nia}�
<br /> ir,dude ;�a}in� am� sums secu:ed t�y a lien ��.�hich has priority over this Secu*ity ir.sirument, appearing in court, paying
<br /> �: rcas��naL•�e attcrn�ys` �e�s and er.tering nn the Prop�riq to make repairs. Altnough L.e�der r.iay take action under this paragraph
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<br />§ � 7. Lcndcr dc�cs nnt ha��r_!o do sci.
<br />� '° � a qn�: ����ount� disbursec: by Lender under this paragraph 7 �hall become additionai debt of IIorrowcr secured by this
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<br /> , Secunt} ;nstn!r,,ent. Uniess Sorrower and Lender afiree to other tem�s of paynent, these amounts shall bear interest fmm t ie
<br /> w r3� da!e c,f dis^uncment at the Note race and snall be payable, with i iterest, upon r.otice fmm Lend:r to Borrower requzstin�
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<br /> �� a s p.�ync.r:t.
<br />� ; � >tor'haHe Insurance. 3f i_ender rcquireci mort�a�e insurance a+a condition of making thc loan secured'ny this Security
<br /> l;;str,iment, F3orro�.+�er shall F.:. ti,r premiums required to maintain the �Tiortca�e insi�rance in effect. If, for any reaso�, the
<br /> r; r.;nr��agc inwr.:ace covcraRr required hp Lender(apses or ceases to he in effect, Borrower shail pay th�premiums req�!�red to
<br /> s - c;cta�^ coverzf*e suhs�a�r.ia!iy eq�?vaient to the mo,-igage ins�rance previously ir efCeei, at a cost substantially equivalent to the
<br />' � `� cost ro �3orro�.ver o1�t}ie mor7gagc insurance pre��iously in ef�ecC, from an alteniate mortgage insurer �pproved by L.er.der. [f
<br />' `� ;u�startia!'�� eyuiva(er�t roortgane insurar.ee coverage ie not ava's�able, B:�rrower shali pay te Len:ier eacii month a sum equa! tu
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<br />; ore-��.�elf'ti�of thc yc.{r(y mcrtga�e insur�r.ce premiam �eing paid by 3c*ro�ti�er when the 'snsurance coverage lapseci or ceased to
<br /> t�e in effcct. Lender s��iil accept. ti�.e.�nd retain these pa;mems as a!oss mserv�in �ie� of mongage insurance. I,oss reserve
<br />� Form 302H S(90
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