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<br /> 5. Huzurd or Prnperty Insurunce. Burrowcr shuli keep thc impn�vemcnts nuw exislinb �rcuR�r erec c un thc �,�,;�:;�.
<br /> ;.•,_ ..
<br /> Pr��perty insurcd ugain+t I���+ hy lo rc, h:u�rds includrd within the term "ezlcnded c�werage"und any ��ther huusrds, including �t,;,,:�;;�;��_
<br /> ���xid,c,r�luixling, li�r whicli l.tn�icr reyuirc� in�uranrc. Thi� in�ur.tnrc xh,Jl hc maintuincd in thc unu�untti und far thc periods , •. ,. '_`'��::��ti__
<br /> .;�.:y.lf:'T'.,'�`u'�.'� �..•---- �
<br /> that I.ender reyuirex.Thc intiur��cc carrier providing the insurancc shall t�c ch�rcn by B��rrowcr tiuhjcrt ta l.endcr's upprovul _��„___
<br /> ..,,���µ"' which shall not be unrras�mubly withheld. If Be�rrower fuilti to maintuin covcruge dc+cribr:d above. Lendcr may, at L.ender's .��;_�__.---_
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<br /> opticm,ubtuin covcragc t��protat L.cndcr's rights in thc Property in uccordancc with parug�aph 7. __;�;;;�,_-� ---- —
<br /> All in�urunce polieies and renewals .hull be ucceptuble to Ixnder ui�d shall include u standard mart�uge clause. I.ender �v__^_____
<br /> tihall huve the right to hold the pol icics und renewak. If Lender rcquires, Borrower shall promptly give to Lender all reccipts of �,;.,��_�
<br /> �_�_
<br /> •• puid premium,und renewal nciiice�.In the event of loss.Bormwer shall�ive prompt notice ro the insurunce crrrier and Lender. �_,..e- -
<br /> Lender may makc proof of lors if not tnade promptly by Borrower. _
<br /> Unless I.cndcr and Borrc���cr otherwise agree in writing, insurance praeeds shall bc applied ta restoration or repair of thc _
<br /> Prc�peny damaged, �f thc re�tcmtion rn•repair iti cconc�mically fensible and l.cnder's security is not lessencd. If the restoration or =___
<br /> repair is not economically feusihle or I,ender's securiry would be Iessened,the insuranee proceeds shall be upplied co the sums �___
<br /> '� secureci by thiti Security lnstrupient, whether or not then due, with any excess puid to Barrower. If Bnrrower ubundons the
<br /> Praperty,or Jncs not answcr +vithin 30 days u nouce from L.endcr that thc insurance ca�ricr has offered to settle a cluim,then _
<br /> �. Lender may collect the in�urance pmceeds. Lender may use the pr�xc:�Js to repair or restore the Property or to pay �um� !'_�--
<br /> securcd by this Securiry InstrunMnt,whethcr e�r not thcn due.The 30•day period will hegin when thc noticc iti givcn. �--~-°_°=
<br /> Unless Lender and Borro�vc:r otherwise a�;ree in writing, any application of proceeds to principal shall not extend or _ _
<br /> postpone the duc date of the monthly puyment� referred to in paragraphs I and 2 ar change the amount e�f the payments. If -�=--�----
<br /> �'. under paragraph 21 the Propeny is acquired by I.ende�. Borrower's right to any insurance policies and procecds resulting fram ��_
<br /> damage tc�the Property prior tn�hc acyuitiition shall pass to L.cndcr to the eztcnt nf the sums secured by this Security Instrument =___
<br /> � immediately prior to the acquisiiion. _
<br /> 6. Occupancy,I'r�ervatbn. Maintenance and Protection of the Property; Borrower's Loun Application;I,easeholds.
<br /> ' Borrower shall occupy, establi�h, and use the Property as Borrower's principal residenre within sixty days ufter the execution of
<br /> " �' this Securiry Instrument und shall continue to occupy the Property us Borrower's principal residence for at Ieast one year after
<br /> " the date of occupancy. unless Lender otherwise agrees in writing, which consen�shnll not be unrensonably withheld, or unless _
<br />_:. --� ..
<br /> � extenuating circumstances exni which arc bCyntltl Suuuw�i� :ortrol. P.csrro•�cr sha!! .^.ot de�tro;, �!:±n,�p� �r impair the =—
<br /> r property, allow the Property io deterioratc, or commit wuste on the Property. Borrower shall be in default if any forfeiturc _
<br /> �. action or proceeding. whethercivil or criminal, is begun thst in L.ender'sgood faith judgnxnt could result in forfeiture of the —
<br /> Property ur ntherwise ma[erially impair the lien crcated by this Security Instrumcnt ar l.endcr's security interest.Borrower may
<br /> �� cure such a Jefault and reinstate, se provideci in paragruph I8,by causiiig ihe action or proceeding to be dismissed with a ruling
<br /> thnt, in L.ender's good fuith determinatian, precludes forfciwre of the Borrower's intcrest in thc Property or oNier matcrial
<br />- impairment of the lien creuted by this Security Instrument or I,ender's security interest. Borrower shull also be in default if
<br /> Borrower, during the loan applK:stion process,guve muterially faltie or inxcurate information or titatements to Lender(or failed
<br /> to provide l.tnder with uny nuterial informution)in ronnection with the loan evidenced by the Note, including,but nat limited � _
<br /> to,representations concerning Bonower's occupancy of the Property as a p�incipal reridence, If this Security Instrument is on a
<br /> Icusehold. Borrowcr shull comply with all the provisions uf thc le:tsc.If Bormwer ucquires fu� title to the Property, the
<br /> leasehold and thc fec titic shall ncit mergc unlcsx I.cndcr xgreet to thc merger in writing.
<br /> 7.Protection of I.enda:r's Rlgh�s in the Property.If Borrower failsto perform the covrnants and agreements cantained in
<br /> this Security Instrument,or tlkrc i.a legal proceeding that may tiigniticantly affect L.cndcr's rights in the Property (such as a
<br /> ' • pruceeding in bankruptc}•.probute,for condemnation or tirrfeiture nr tc�enforce laws or regulations), then Lender may do and
<br /> • � pay for whatever is necessury to protcrt the valuc of the Property and Lender's rights in the Property. Lender's uctions may
<br />- include puying uny sums �ecured hy �i lien which ha. priurity over ihis Security intitrument, appearing in caurt, paying
<br />' �� rcasanuble.atorneys' fees andcntcring on the Pruperty tc�makc rcpaitti. Although L.cndcr may tuke uction under this paragraph �
<br /> • � 7,LcnJcr docs nat havc to dos��. _
<br /> � Any amounts disbursed by l.cndcr undcr thi� paragraph 7 .hal l becomc additional debt of Borrawcr sccured by this
<br /> Security Instrumcnt. Unless Bnrrower and Lender agrec ti�c�ther term� of puyment. these amounts sh.ill bcar interest from the
<br />= date i�f disburxenunt at the Note ratc and shall be payahle. with interat, upon nuticc from Lender to Burrowcr requesting �
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<br /> payment. � _�_
<br />_ 8.Mortga�e Insuranre.lt'Lender rcyuired muitgage insurance a�aconditic�n c�f making the loan secured by this Security _..
<br /> Intitrumcnt. E3urrowcr shall p�y thc prcmium. rcquircd to maintuin thc mortga�c insurancc in cffcct. If, fc�r any rcusun, the ��"�«�_
<br /> ma�t�uge in�uranrc r�►v�ru�c reyuircd hy Lender I:ipsc,ur rru+cx to be in cft'cct, B��rrower�hall pay thc prccniums rcquireei to �;�iF
<br /> - obtain rovrrcigc tiuh�tuntiallycyui��alcnt tci thc niongagr intiuranrr prcviautily in rffcct, at a cust substantiully cquivalcnt to thc .�?;,.'_
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<br />° cost tci I3orrowrr nf thc nt��ngagc in�ur.incc prcviau�ly in rffcct. tFarn an altcmatc m��ngagc insurcr appmved by Lcndcr. If •�.y:_..�ul,
<br /> suhstanti:►Ila ryuiv:drnt mi�rtga�r insuranrr ruverugc i� nut avuilablc. i3�Krowcr tihall pay t�� Lcndcr rach month a wm cyuul to ,..;�,:j��
<br /> onc-tweUih nf the}•rarly m<x�g:sgc in,uranre prrmium bcing paid hy Be,rrnwcr wh�n thc intiurancc rciveragc lapsed or rca�rJ tu �':..,
<br /> hr in rl'fect. Lender will arc�pi. uu unJ rctain thcx pa�•ments as a I�isti n,crvc in lieu of murtgagc insuranre. Lu.r� reserve
<br /> i Form 3028 9190 ' ,
<br /> P.�qe 3 of G
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