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<br /> 5. H�znrd nr 1'roperty Insurnnce. Dorrower shnll kccp tlic Impr�wcnun¢s now cxisti��g i�n c�rcuftcr crcctcd un �hc ""-
<br /> Property insured agninst loss t�y firc, ha•r.nrds includcd wlthln�B�tcrm "cxtenAcd covcrag�" nnd any athcr lia•r.ards, including
<br /> floodc or flcx>ding,for which Lcn�lcr rcyuires insur�ncc. This insurcmcc shall bc m:dntuincJ in the um��unt�und far tiic perlads
<br /> �hat l.crtdcr rcquires. 'fhc insw•oncc curricr providing dic Insuriincc shnll bc rhuscn by Burrowcr sadject to I.cndcr's iippravUl
<br /> which shall not bc unrcasctinably withhcl�. if Borrowcr fails to maintuin cuvcrngc dcsrribcd at►c�vc, I.endcr may, nt I.cndcr's
<br /> opt:an,obtnin cover��e to�rotect t.ender's ri�hts in�he Propenv in accordnnce:witl�pnragraph T. ,_
<br /> All insur.u�ce p�llcics and renewnis shall be ucccptceble to Le�xfer u�x1 shall iiticinde u stnndurd martgt�ge clause. L.ender
<br /> shuil havc thc right to hold the poUrics nnd rcnewals. If Lendcr rcquires, Borrcnvcr shull prompdy givc to I.cndcr idl m�ciptR of
<br /> paid premiums nnd renewal uotices.In the cvent of loss,8ono�vcr simll givc prompt no4icc to the insura�zce cnrricr nnd Le�xicr.
<br /> l.ender may make proof of loss it not made pratnptly by aorrow•er.
<br /> Untcss l.endcr and Borrowcr othenvisc agree in writing. insurance procccds shall be npplicd to restaration or rcpaic of the
<br /> Properly d�u2w�ed,if thc�estoration or repair is aconamicaUy feasible and Lcnder's sccurity is not lc,sened. If Q�e resior�tian or
<br /> repair is not economically feasible ar Lender's security would Ix;lesscned,�he insurnnee praceRds shall be applied to the sums
<br /> sccured by this Security I��strurnent, �vhetl�cr or not then due, with any excess paid to Borrower. If Bonower ab�uid���.s t1��:
<br /> Property,or does not answer within 30 duys a notice from Le�ider that the insurnncc surrier i�as offered to seEtle n claim, thrn
<br /> I.encler may callect the insurance proceeds. I.end�r may use the proceeds to repair or restore the Praperty or to pay sums
<br /> secured by this Security lnst�ur�ent,whciher or nat then due.The 30-day periad will bcgin whcn the notice is givcn.
<br /> Unless Lender and Borrowcr atherwise ngrec in writing, nny application of procoeds to principal shnl! not extc�xi or
<br /> postpone thc due datc of Q�e nwutLly puy��tents refe.fied to in paragrapl�.� 1 and ?or change the amount of thc payments. lf __
<br /> under puragragh 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from
<br /> damage to the Property prior to the acquisition shall pass tu Lender to the exeent of the sums secured by tliis Security Instniment
<br /> inunaliately prior to the acquisilion.
<br /> 6. Occupancy,Preservation,Maintenance and Prattxtlon of the P+roperty; Borrower's Loan Appltcation;Leasehaltls.
<br /> �orrower shall occupy,establiah.und use tlie Properry ns Borrower's principal residence within sixty days nfter di�execution of
<br /> ches Security Instrument and shall continue to occupy the Propeny as Bonower's principul n:sidence for at leust one year after
<br /> th:date of occupancy,unless Lender otherwise agrees in writing, which consent shall not be unreusonabty withheld.or unloss
<br /> extenuating circumstances exist which are beyond Borrower's control. Horrower shall not destroy. damage or itnpair tite
<br /> P,•o�►iy, allow th� Pr�}scrty to dctcriorate, or:ommit :vaste on :.h�P:�,z..°rty. �om.::ve: sh°!! �s in�efBUlt if any forfeitam
<br /> action or proceeding, whether civil or criminal, is begun that in Ixnd�r's good faith judgment could result in forfeiture of the
<br /> Froperiy nr oii�c�wiae;��ater�aliy impair i:�V�IV��Z���irio�uri;?.^.si�r_*.^r Lptt�!er•c����rity intcrest.Borrower may
<br /> cure such a default and rennstate.as provided in paragrax+h 18,by causing the uction or proceeding to be dismissed with a n�ling
<br /> thut, in L.ender's good fait4 determination, prec:ludes fa:�'feiture of the Bonower's interest in the Property ar other material
<br /> impaicment of the lien cre.�ted 'oy this Security Instrument or Lender's securiry interest. Bonower shull also t►e in default if
<br /> I3orrower,during the loan applieation pracc�s,guve mnterially false or inaccurate information or statements to L,ender(or failod
<br /> to provide L.ender witl��uy materiat infonsk�tion)in connection with thu loan evidenced b,y the Nate,including,but not limite�d
<br /> to. representation�;concesning aorrower's occupancy of tha Property us a principal residenco.If'this Sscurity[n�trument is an a ,
<br /> tcaset�old, Bonower shall comply with all the provisions of the lcase. [f Borrower ncquires fee title to e�ie Propeny, the
<br /> leaschold und the fce title shall not merge unless L.endor�►grees to the merger in wrldn�.
<br /> 7.Protcrt�ian of I.ender's RigMts In the Pe�operty.If Bonower fails to pet�Fonn the covenai�u:usd agrcemenu contained in
<br /> this Security[nstrutne�►t, or�here is a legal proc«:ding that m:iy si�nificantly uffect Lender's rights in the Property (such as a
<br /> proceeding in banki�t�ptcy.prnbate,tor condemnation ar farfeiture or tu enforce laws or regulations), then I.erxler may do and
<br /> puy for whntever is n��e�csr�ry io protect the value of the Property a�xi Lender's rights in the Property. L.end�r's acrions may
<br /> ir.eluJe paying any aums.secured by a lien which has priority over this Security Instrument, appearing i� caurt, paying
<br />— r�,onsble at*.^=ncys' fces und enterin�on the Property to msike rcpairs. Although I.ender may take action under this paragrnph ,
<br /> 7.I.endcr dacs rx�t ltuve to do so.
<br /> Any amounts disbursed by Lencier under this paragraph 7 shal! become addidonnl debt of 9orrowe� secured by d�ls
<br /> 5r�urity Instmmcnt. Unir.ss�FJorrower�nd L�ender ag�e tc�other temis of payment, thesc:amounts shnit bcar.Interest from�Uie
<br /> date of disbursement at the Note ratc and sh:il! bc payuble, with interest. upon noticc from Lcndcr to Bonower roque,sting
<br /> payn�ent.
<br /> 8.Mor.tgnge Insur�nce.If Lender requircd mort�uge insurance ns a condition of making the lonn sccurod by this Securi2+j
<br /> Instrum�nt, k3�rrower shall pay the prcmiums requirecl to mnintain the mortgAge insurance in effect. If, for any reason, the
<br /> mortgage insurance coverage required by Lencler lapses�r ceases to be in effect, Borrower shuli pay the premzucns requinxi ta
<br /> obtnin coveraEe substanti311y equivalent to the mortg�ge lnsurance pteviously in e.ff�t,ut a cost substantially equivalent to tl�o
<br /> cost to Aorrower of the mortgage insurance previously in effect, from a�i alternate mortgage insurer approved by I.cnder. If
<br /> substantial[y tquivnlent mortgagc insurancc cover:�ge is not avuilable,Bonower shnil pay to Lendur each month a sum equs� ta
<br /> aitc-twclfth of the ycarly mott�ngc insur.tnce prcmium being paid by Bonowcr when thc insurance wvcrage lapsed or ceascd to
<br /> b�in effect.Lendcr will 3ccept,use and retnin these p�yments ns n loss reserve in lieu of mortgage insurance. Los.g rescrve �
<br /> Fotm 3029 9/fl0 �
<br /> Pape 3 of B '
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