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<br /> 5. 11�z�rd a' Prapecty insu[�u�re. &�rri�w•er .hall kccp tiu in�rcn�en�enls tx�w�cxi�ling on c�reaftcr crecieJ uu tl� -
<br /> Pr��pcny ii►sur�� :�ainst I��sti Ay fire, huardc included w�ithin the term "exte�xiai co��engc' :u�d suiY�eher h:uards, includinr -
<br /> fl�wxis ur I1�wJin�, fur which L.uulcr reyuires iruur,uuc. This in.wru�xe�11 t+e maintainai in the:unounts:util fur the Qcrivai::
<br /> that l.�ndcr rcy�ir�s. 1'lu iruur:uue earrier pr�widing Uk ii��ur:uke tih:►11 t►e chuun h}• Barmu�er cubjcct to Lcrxler'�a;�pr��vai
<br /> whl��h .liall nut bc unr.;iw�nrt+ly� uithhetd. [f Borrower f�ils ta nutinwin cu�•etagc dcscrib�i above, l.t:iulcr way. ut L.ender's
<br /> aplion,��btain ro�erage ta procec�Lender's rightti in the Pr��peny in arconLncc with p:a-agraph 7.
<br /> Ail inwraik�: pulicizs anci rz�:w�ls shall he r:repsable to Lender und shall include a�tandard mortg�ge cl�use. [.etuitr
<br /> sl�all liace the right to hold the policies and renewals. If Lcnder requires,Barrow'er shall prott�ly give to Lender all receipis of
<br /> �aid premiums and renewul notices. In the event of loss,Borrower shall give prompt notice to�he insurac�carrier�r►d Lcndcr.
<br /> I.entler may make pr�f of lass if not n�vie promptly by Borrower.
<br /> Unless Lendcr and Borrawer otherwisc:►�rce in writing, insurance proceeds st�ll be appli:d to restoration or repair af the
<br /> Property damaged,if'the restoration or repair is ecorwmically fe:uible and Lender's securiry is noi lessened.If the restoration or
<br /> repair is not cconomically fcasibte or Lender's security would be lessened. thc i��:;r�,�c�se proceeds shall be app�icd cu the sum`
<br /> secured by this Sccuriry instnsment, whedxr ur iwt then due, with any excess ��+::.i io Borrov:er. IP Borrower abandoiu �
<br />: Property, or does not ancw•er�ti•ithi���::�s a notice from Lender that the insu.:r:�,�:.w:uriee h�c�,f,�ered to setde a claim, thect
<br /> Lc:.�der n�ay eollect the i�a�.� pn�.::�s• 1.ender may use the proc�fs to t��r or restore the Property or to pay �s
<br /> s�;;ued by this Security�c.�."cu:r.:au.KiiCl�ft Ji M1I ItLC�a�fae. The 30-day perioci o.r.1f l�egin when the notice is given.
<br /> Unless Leexlee aixi S:?:�vw'er otl�cez:ise agru ir.v,riting, any applicaiion oY proceeds to principal shall not extend or
<br /> pk,6cpone thc duc d�te of t?k monthly payments refer_r3 to i�paragraphs 1 and 2 or chan�e the amount o�the payments. If
<br /> urder paragraph 21 the Prop.rty is acquired by I.encPe:.Borcower's right to any iruurance policies and proceeds resulting from
<br /> damage to the Property prior to the acquisition shall p:�ss to L.ender to the extent of the su�ns secuced by this Security Instrument
<br /> i�m�ediately priar to the acquisition.
<br /> 6.OocupRacy,Preservation.AtAlntenuace and Pratxttoa of t�be Property:Bo�ow•er's Losw Appllestlon:I.e�sebo�dc.
<br /> Bormwcr sl�all occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> �his Security I�ulrument and shall continue to occup� the Property ac Borrawer's principal rcsidence for at least one year after
<br /> the dsue of occupanry,unless l.ender othenvise agrees in writing, which m�sent s}u+ll not be unreasonably witl�held. or unkss
<br /> extenuati�� circumstances ezist which are beya�d Ba-rower's control. Borrower sl�11 not destroy, dunage nr impait the
<br /> Piaperty. �Ilaw thc Propcny to ckteriurate. or wtnmii waste on tht Property. Bonower siwll be in default if any forfoiture
<br /> uction or procoeding, whether civil or crlminal, is begun tF�at in Lendu's good faith judgme�u could result in forfeiture of the
<br /> Propeny or otherwise materi�lly impalr the lieo created by this Security Tnstrumeat or Lender's security ituerest.Borrower nu�y
<br /> cure such a dc!'ault and reinstate,ac provided in puagraph 18,by c,lusin�the action or proceeding to be dismissad with a ruling
<br /> tt�at. in [.endcr's good faith determination, prxtudes forfeiture of the Borrower's inurcst in the Propaty or ottxr materi�l
<br /> impairment oF the lien createrl by thic Security Instrument or Lender's security intorest. Borrowu shall�lso be in default if
<br /> Borrower,dnring the loan application process,gave mzterially false or in�ccurate information or uatements to Lendu(or faitod
<br /> to provide i,ender with any material infomiation)in connection with the loan evidenced by ttie Note.including,but not limitod
<br /> tz..r,.r�s�ti�:��s��g w,..,�,�.,��•e nc r��narcy of the Propecty zc a principal residence. If this Seewity Insuumeat is on a
<br /> leasehold. Borrower sh�ll comply with all the pruvisionc of ttie lease. If Borrawcr ar.�u'sces fet title to tlse Ptop�tty. the
<br /> leasehold and the fee title shall aot merge unless Lender agrees to the merger in writiag.
<br /> 7.Protectiaa of I.ender's Rig6ts in We Prope�ty.If Borrower fails to perform the covenants and agroements containoti in
<br /> this Security Fnstnunent.or there is a legal proceeding shat may significantly afFect L..eacler's rights in the Property (such as z
<br /> � prooeeding in bankrulxcy,probate. for condemr�ation or Svteitwe or to enforce laws or regulations),then�.ender may do and
<br /> pay for whatever is reeessary to protect the valae c�:I�e Properry and L.ender's rights in tt�°,Praperty. I.ea�er's xtions may
<br /> include paying any suttu so.~ured by a lien which has priority over this Securiry Inttrua�e�tt, fl,.,.��^� i� court, paying
<br /> reasonable attomeys'fas aad entorin,g ou the Property to make repairs.Although I.eudu m�3-ts+ce action uadcr tl�is par�,graph
<br /> 7,lxnder does not have w do so.
<br /> Any amonnu disburs� by L.ender under this paragraph 7 shall become additional debt of Bonower socured by this
<br /> Seeurity Inurument. Ur�lcss Borrower and Lender agree to other termc of paymeae,it.'xse arnounts s1�a11 bear interest from the
<br /> dau of disburserneiu at the Note rau and shall be payable, with interest. upc�ootia from Lender to Bonorvu requesGng
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<br /> 8.14tortgst�e Iasuraace.If I.ender requirod moctgage insur�nc�as a 000ff�t:on of malcing ttu loan sectued by this Security
<br /> . Itucrument, Borrower shall pay the premiumc required to mainttin the mert�t insurusce in effxt. If, for any reason. the
<br /> mortgage inwr�nce coverage requir�ed by Lender lapses or ceaces to be in effx�,.�orrower s}�all pay the premiums requirCd to
<br /> � obiain coverage substantially equivalent to the mortg�e insurarue previously ir.effect,ai a oost substaatially equivalent to the
<br /> cost to Borrower of the mortgage inwrdnce previously in effect, fram an altemate mortg�e insunr approved by Lender. If
<br /> substyui�lly equivalent morigage incurance ooverage is not available,Borrower shall p�y w Y,ender each month a sum equal to
<br /> an�,-twcffth oF sh.-,yt�rly m�rtgage inst�ranc�premium being paid by Borrower wFun the insurance ooverage lapsod or ceased to
<br /> � (x in effoet.Lender will accept.use and retain these paymmss as a loss reserv�in lieu of mortgage insurance. I.occ reserve
<br /> - Faro 3028 9190
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