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<br /> 5. l�azard or Prnperty Wcurance. Borrower ahall keep the improvemenw now exicdng or heneafter erocced on the
<br /> Property inRUrod a�ain�t locs by fire. hazards included within tho term "extended coverage" and any other fwr�rda. includin�
<br /> flooda or tloading,for whieh Lender requires insurence.Thia insurunce ahall be maintainecl in�he amaunts and f�r the perlcida
<br /> that Lender requires. The insurance carrier providing the insurance�sh�lt be chosen by BoRawer Rubject to I.ender'r+appruvul
<br /> - which shall na be unreasonably withheld. If Barrower failR to meintain coverage desc�ihed above, l.ender mny, �t l.ender'n
<br /> option.obtain coverage W proteat I.ender's r�ghta in the Property in accordance with paragraph 7.
<br /> �_ ___ _____� All insu�nce policies and renewals shail be accepteble to Lender and ahall include a stunJurd mongage cluuse. lAnder
<br /> - shall have the dght to hold the policies and renewals.If I.cnder requires, Honnwer xhall promptly glvc to Lender ull recciptR af
<br /> ;�— paid premiums and renewal nutices. In the event of losa.BoROwer ahall give prompt notice lo the insurance carrier aod I.�nder.
<br /> Lender may make proof of losa if not made promptiy by Borrower.
<br /> Uoless Lender and Borrower otherwise Agree in writing,insurance procceds shall be�pplied to restoratiun or t+epalr irf the
<br /> Praperty damaged,ii the restoration or repair is economically feasible and Lender'e�secv�ity Is not lessened. If tha restorati�n ar
<br /> repair is not ernnomically feasible or Lender's security would be lessened,the lnxurance praceeds shall be applied ta the sums
<br /> � secured by thia Secudty Instrument, whether or not then due. with any eacess puid ta Borrower. If BaROwer nbandan� the
<br /> Property,or daes not enawer within 30 days a notice from I.ender that the insuranc:e carrier has affered ta settle a claim, then
<br /> � Lender may collect the insurance proceeds. L.ender may use the proceeds to repair or restore the Propeny or to pay sunu
<br /> secured by this Security Instrument,whether or not then due.'fhe 30-day period will begin when the notice is given.
<br /> Unless Lender and Borrower otherwisc agree in writing, any applicntion of proceeda ro principAl shall not ext�nd o�
<br /> postpone the due date af the monthly payments referred to in paragrAphs I and 2 or change the amount of the pay►nents. If
<br /> �-- --- -•-- -- - under paragraph 2t the Property is acquircd by I.ender, Borrower's right to any insurunce policies und proceeds resulNng frnm
<br /> �-.- demage to the Property prior to the acquisition shall pess to Lender to the catent of the sums secured by this Secudty Instniment
<br /> - ----- immediately prior w the acquisition.
<br /> �•� ..,___�:»�� 6.Occupw�cy. PreRCrvAtion,Mnintenanee and Protectlon ut the Property; Borrower'g Loan Appltcetion;Lersehnlds.
<br /> "'`��-�--�-- Borrower shall accu
<br /> py,establish.and use the Property as Bonower's principal residence within aixty duys after the execution of
<br /> �:�'�.� this Secudty Instrument and shall continue to occupy the Property as Borrower's principul residence far nt least ane year after
<br /> �'' - the date of axupw►cy,urdesa Lender othecwise agrees in writing. which consent shall not be unreasanably withheld, or unless
<br /> "' ----�-- extenuating circumstances exist which ure beyond Borrower's wntrol. Borrower shall not destroy. damage or impair the
<br />'-?� Property,allow the Propeny to deteriorAte, or commit waste on thc Property. Harrowcr shall be in defaull if any farFciwre
<br /> ,�ca:�rr r�ms�l
<br /> action or proceoding, whet�er civil or criminal. is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> —:�x��a� Property or otherwise matcrially impair the lien created by this Securiry Instrument or I.ender's security interest. Bonower may
<br /> = curo such a defeult and reinstate,an�rovided in paraeraph 1 R, hy caucinv the action�r procreding to be dismissed with a ruling
<br />--��•�������S;�j that, in Lender's good faith determination. precludes forfeiturc of thc Borrowcr's intcrest in the Property or other materfal
<br /> .� �"�� impairment of the lien created by this Security Instrument or Lender's security interest, Borrower shall aliso be in default if
<br /> '�;8,���r�.: : ,, Horrower,during the loan applicatian process,gave materially false or inaccurate informution or stutements to l.ender(or failod
<br /> _ �_'' ' I to provide I.ender with any material information)in connection with the loan evidenced by the Nota.inciuding, but not limited
<br /> R�, • ��s"''�"'J•�•• I to.representatbns concerning Borrower's occupancy of the Pmperty as a principal residence, lf thfs Securiry Instrument is on a
<br />_:� . , leasehold, Borrower shall comply with all the provisions of the leuse. If Borrower acquirc� fee title �o tbe Propeny. thc
<br /> °_"'� ° . �',�„ � leasehold und the fec tille shall not merge unless L.ender agrees to the merger in writing.
<br /> • 7.Protectlon ot Lender's Rlghts in the Property.If Borrower fails to perform the covenants und agreements contuined in
<br /> • - this Secu�ity Instrument, or there is a Iegal proceeding thut mny significuntly affcct Lender's rightx in the Property(such us a
<br /> ==•� _��•r�,�+�� praceeding in bunkruptcy,probute, for condemnution or forfeiture or to enforcc luws or regulations), then Lender rtwy do uncl
<br /> F.�.. . s
<br /> =-= M�+��9��A'" pay for whatever is necessary to protect the value of the Propeny and L.ender's rights in the Property. Lender's actions may
<br /> � � . include paying any suma secured by a lien which hns prioriry over this Securiry Instrument, uppearing in court, paying
<br /> - *�r:Aw.� �'���a masonAble attomeys'fees and entering on the Property to mnke repuirs.Although l.ender mey take action under Ihis paragraph
<br /> � � " .�: . 7.I,ender dces not have to do so.
<br /> ,� � `�~� � ` Any amounts disbursod by L.ender under this purugraph 7 shull become udditional debt af Borrower u�ured by this
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<br /> _ �� . Security Instrument. Unless Borrower und Lcndcr agree to other tcrms of peyment, thcse Amounts shall bear interest from the
<br /> '° ' '"'`�.`.' d .... � dute of disbursement at the Nate rute and shnll be puyable, with interest, upon naice fram l.endcr to Borrowcr rcyucsting
<br /> �a-'s';R'. payment.
<br />� �� ,.,,..�::.°a". S.Mortp�e Insurance. If l.ender required mortgage insurnnce u.s u condition of making the loan secured by this Security
<br /> '�.. � ���. Instrument. &xrower xhall pay the premiwns required to mainwin thc nwrtgugc insur:�nce in effect. If, for nny reu.u►n, the
<br />_ ' ,,,,�' �;-�•z'' • ;'- �, mortgage insuronce coverage required by Lender lapses or ceases to be in effect. Bnrrowcr shull pay the premiums requireci to
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<br /> ' ' obtain coveruge substantiully equivulent to�he mortguge insurunce previously in cffect,at a cost substantiully equivulent to the
<br /> ^•�� '��'�"� cost to Borrower ��f the n�rt u e inxurnnce reviousl m effect, Yrum an altemate mon•a e insurer a roved b Lender. If
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<br /> • • - substuntiuily equivulcnt�nongngc in�urnnrc cnvcrugc is nnt availublc, Bc�rmwcr.r•hall puy to Lcndcr cach month u xum cyual to
<br /> . •- � one-twclRh ot the yeArly rnongugc insuruncc premium hcing paid by Borrowcr when thc in.uruncc covcragc lupk�d nr ceaised to
<br /> a`°'�`'= ':LL''`='`' be in effect. [.ender will accept,use und retain these payments ati a loss rescrve in licu af mongnge insurnnce. l.oxs reserve
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<br /> . �;' Form 3018 9180
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