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<br /> 5. Huturd ur Praperty Insurancr. Burruwcr shull kccp thc improvemcnts naw existin98 hcr��}�c�2�bn thc 1��-!��=-
<br /> . � Property in+ured aguintit luti, by firc.hazurJs includcd within the tcrm "extenJed coveragc" and any other h�ards, includi ng
<br /> .; � fluc�Jti ii�iluuding, tor whirh LenJer reyuireti insuranee.Thix insurunre shall be muintuineJ in che amuunis and for che peric�ds ��._��_-
<br /> thiu IAndrr rcyuirrs. Thc insuruncc carricr providing the insurunce shull bc chosen by Bon•ower ,ubject to Lender's approvul
<br /> �,,,.,� f whirh �hall n�u hr unrea,onubly withl�eld. If' Borrowcr fails to maintain coveruge describecl above, I,ender muy, at 1.c�dCr's _
<br /> � �-�• ~"�+ option,ahtuin roverage to protect l.cider's rights in the Propeny in acrordunce with purugruph 7. --
<br /> � All insurunre pulicic� and renetaalx shall hr acrcptuhlc ti� L.cnder und shull include u stundard mortgugc clause. Lcndcr —��-
<br /> .hall huvc the right t��hold the palicicsand renewals. If I.ender requires. Borrower shaU promptl��give to Lender all receipt� o( --
<br /> � paid premiums und renewul notices. In ihe event of loss.Borrc�wer�hull give prompt nc�tice to the insurunce carrier and Leidcr. � "
<br /> � Lcndcr may makc proof'c�f lus�if not madc promptly hy Borrowcr.
<br /> � _ Unless Lender sind Borrc�wer othcrwise agr�c in writing, insuruncc procceds shap be applicd ta restoration ar rcpair of t hc __
<br /> Pruperty damagcd, if thc restoration urrepair is econumically fcasible and Lcnder's securiry is not lessened.If the restoration or —
<br /> • repair is not cranomirully frutiiblc or Lender'ti sccurity would be Ics:;ened, the insuruncc procceds shap be applied to thc surns __
<br /> , secured by this Security Instrument, tvhether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> • Propcny, or dors not answer within 30 dnys.i noticc from I.endcr that the insurancc cnrrier has offered to setde a cluim,then
<br /> L.endcr may mllect the insurancc pr�cecds. Lender may use thc procecd� to repuir or restore the Property or to pay surns �L_
<br /> '� secured by this Securiry Instrument, whether or not then due. The 30-day periad will begin when the notice is given. �'-�- -
<br /> J Unless Lender and Rorrower oll�envise agree in writing, uny appliration of procceds to principul shall not extend or ���--_
<br /> ��� postpone the due dute of the monthly puyments reFrrred to in purugraphs 1 and 2 or change the amount of the puymenls. I( -� —
<br /> : under paru�raph 2l thc Prnpeny is ucyuired by Lcnder, Borrawcr's right to uny insurance policies and pracceds resultin�Gorn ����""°''-�'
<br /> d�mage to the Property priar tn the ucquisition shull pass to Lender to the extent of thc sums secured by this Security Instrument ��� 4
<br /> icnmcciiatcly priur to the acquisition. --
<br /> 6. Occupancy, Preservatton,Malntenunce and Protection of the Property; Borrower's Loan Appllcatlon; I,easehol�is.
<br /> � Borrower shall occupy,establish,and use the Property us Borrower's principul residence within sixty days after the execution of -
<br /> ,�� thiz Security Instrument and shall continue to occupy the Property us Borrower's principal residcnce for at least one year after
<br /> __ �_ the date of occupancy, unless Lender otherwise ugrees in writing, which consent shall not be unrea�onably withheld,or unless
<br /> -- -- extenuu�ing circumstances exist �vhich ure beyond Borrower's control. Borrower shull not destroy, damage or impair thc
<br /> Property, ullow the Propcny to deteriorate, c�r commit waste on the Property. Bormwcr shall be in default if any forfeiture
<br /> . action or procecding, whether civil orcriminul, is begun thut in Lender's good faith judgment could result in forfeiture of the
<br /> - . Pruperty or othcnvisc matcriully impuirthc licn crratcd by thi.Security lnstrumcnt or I.e.nder's se�;urity interest. Borrowcrmay
<br /> cure such a Jet'uult and reinstutc,as providcd in paragraph 1 R,by cauxing thc uctinn�,r pr�x:ccding to bc dismisscd with a ruling
<br />-' that, in Lcndcr'ti guud f'uith detcrminMion, prrcludcs ti�rfciturc of thc Burrowcr'ti intcrest in thc Pmperty ar othcr mA�crial
<br /> impairmcnt c�f thc li�:n crcatcd by this Scrurity In,trumcnc �tt Lcndcr'+ ,ccuriry intcrest. k3orrowcr shull also bc in dcfuult if
<br /> Burri�wer,during thc loan appliration proress,�avr materiaUy fnlse ur inarrurutc in(armution�ir,tatements tc� Lendcr(��r fniled
<br /> to providc I.�ndcr with any mutrrinl in(nrmation) in ronncction�vith thr luun cvidcnccd hy thr Notc. including,but n�t limited
<br /> � to, repre�rntationti runccrning Borrower's occupunry of the Proprrty a,a prinripal residence. lf'this Security Instrun�ent ison a
<br /> ° Iraxchuld. B��rr�iwcr shall romply wi�h :.tll thc provisionti uf thr Irutic. If Borrciwcr ucyuires fcc tidc to thc Pr�perty.thc
<br /> . • Icasehold and the fcc tidc shall not mergc unless Lrndcr agrces t��thr mcrgcr in writing.
<br /> 7. Protect(on of Lender's Rightsln the Property. If Borrc�wcr fuils to perform the covenunts and agreements contuined in
<br /> this Sccurity Instrumcnt, or therc is a Icgal procceding that may sign�firantly affect Lendcr's rights in the Property tsuch as a
<br /> proceeJing in bankruptcy, probate, fcxcondemnution or forfeiture or to enforce laws or regulationti), then Lender may doand
<br /> pay for whutever iti nccessury to protca thc vulue of thc Property and I.endcr's rights in thc Property. Lender's actions may
<br /> . include paying any tiums securcd by a licn which hus prinrity ovcr this Security Instrumcnt, uppearing in court, paying --
<br /> reusonublc uuomcys' fccs anJ rntcrin�nn thc Prc�perty tu maL•e repairs. Although Lender may take action undcr this paragraph
<br />_ 7. Lcndcr docx not havc to Ju xo.
<br /> . � Any amountti disbuncd hy I.cndcr unJer thiti puragraph 7 shull becotnc aJditional debt of Borrower sccured by th is
<br /> �; Scrurity lntitrumcnt. Unlcsti Borrowe�r anci Lcndcr agrce to othcr tcrms of payment,these umounts tihaU bear interest frum thc ---
<br /> . d:tte of' dishurscmcnt at thc Note ratc:ind shall hr payuhlc. ��ith intcrest, upon noticc from I.endcr to Borrower rcyucsling _
<br /> � paymcnt.
<br /> , � 8. htoM}�u�e Insurancc. If Lcncicr rcyuircd mongagc insuranrc as a rondition of makin�thc loan sccurcd by this Sccurity �',;����;T:
<br /> Instrumcnt. Barc��wcr shall i thc rcmiums rc uircd to tnaintain thc mort+a�c, insursncr in effcrt. It', for an rc��on,tt�c �""4`-`°
<br /> � P�Y F' � b"b' Y �= -�.
<br /> mortgagc insurunre covcraFc rcyuircci by Lcndcr lapses or rcascs tu bc in ef'fcct, Bc�rruwcr tihull pay thr premiums rcquircd to +:��==;�.�
<br /> ubt:�in covcragc suhstantially ryuivalcm ic� thc mortgagc insurancc prc�•iously in cffect, ut a�cnt sub�tantially cyuivalcnt to thc
<br /> i ru�t to Burro�vcr of thc m��rtgagc in�urancc prcvi�wsly in eff'cct, fro►n an altcrnatc mortgagr insurcr approvcJ hy Lcncicr. I( .
<br /> " subxt.inti,illy equivalrnt mortgage intiuranre rnveragr is not availahle. Borrowcr shall pay to Lender cach rnnnth a sum cyual tu '�-
<br /> . � onr-ta�rlfth cif thc yrarly mortgagr in�urancc�rcmium hcink paid t�y Burrowrr N�hcn tlic insurancr rcivcrsgc lapscd ar ccascd to
<br /> � hc in cffcrt. Lcndcr will arrrpt, ux and retain thcu paynxnts a` u lo.s resrrve in lieu ��f mortgagc in,urancc. Lo�ti rc+erve �
<br /> Form 3028 9190
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