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<br /> 5. Hui.urd ar Praperty Inhuru�.'. ��rrow�r shull keep thc improvementti n�exisunb r
<br /> •I Property insurrcl uFuintit luss by tirc. hwards includcd within thc tcrm "cxtcndcd a�vcragc" and an��othcr huzurds, including . ;::>�:'-�.y�r� -_
<br /> tlonds ur tlonding, fnr a•hirh I.cncicr requirrti in,urainrc. Thi,intiuranrr rhull hc rnaintuincd in thc atnaunt�and ibr thc periuds� , '
<br /> '`'• thut Lcndcr rc uirc,.`fhc intiurunrccurricr ruvidin� thc in�uruncc shull hc cho�en by Borrowcr suh.jcct to I.enJer'�upprc�vul �;4 -
<br /> �,,,,,,,,.�.+ which +hall nrn hc unrcu+unuhly wiihhclJ. If B��rrowcr fuil, tu maintuin rovcra�c dc,cribed abuvc. I.cndcr muy, at L.cnJcr's ' '�''z�`'�'�+: ",__
<br /> .'.f:l- :'h�';r :
<br /> .. ..«� optiun.ahu►in c�rvcrugc to protcrt LcnJcr'ti right�in thc Property in urrarduncc with paragruph 7. � ���'' -
<br /> � All insuruncc pnlicics and rencwuls shull he urceptahlc to I.endcr und shul! incluJe a standurd mortgagc clausc. l.Cnde :��t;��, . ._„
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<br /> • shall have the right to hold the policic� and renewuls. If'I.cndcr rcyuireti,Borrowcrshull promptly give te� LcnJer uU receiptti o� `•:%"�':��'��=__u_
<br /> ., �` paid premiuuis and renewal �otire� In the event of los.. Borrower shull give prompt notice to thr insurunce currier and Lcndc�}�i ";3a,"'f4�--=__ _
<br /> Y L.cndcr muy makc prc�nf of losti if'jiot modc pramptly by Bnrrowcr. �
<br /> Unletis l.cndcr and Borrowcr utherwitie agrcc in writing, insuri�nre praceeds shull be applied to restoration or repuir nf thFiJ
<br /> Pmperty damabed, if the retiwratianur repuir is economically feasible and l.cnder's security is not Iessened. If the restorution or i�;='_
<br /> repair is nat econumically feasib(e�x[.ender'�seeurity woulJ br Iessened, the insurunce proceecis shall be applied to the sums •
<br /> securcd by this Securiry Instrunurn, whcther or not thcn due, with any cxcess paid ta Borrower. If Borrowcr ubando� the __
<br /> " ' Praperty, or docs nc�t amwcr within 3Q days u notice from Lcndcr that thc insurancc carcicr has offcrcd ta scttl� a clairn,then --
<br /> ' � Lender muy mllect the intiurunrc prucecYl,. l.ender muy use the procecds to repair or restore the Propert�-or to pay sums -_
<br /> secureci by this Securiry Instrument,whether or not then due.The 30-day period will begin when the natice is given. _
<br /> Unlctis l.endcr and Barrower otherwisc ugrce in writing, any applicutian of pnxeeds to principal shull not extei�d or
<br /> pastpone thc due date of the monthly paymcnts rcfcrred to in paragruphs I and 2 or change the amount of the paymen[s. If _ -_--_
<br /> under paragraph 21 the Property is acquired by Lender, Aarrawer's right to any insurance policies und proceeds resulting from
<br /> damagc to the Property priar to thc xquisition shall pass to I.endcr to th�cxten[��f the sums sccured by thiti Sccuriry Instrument '•._?� _-
<br /> immcdiutcly prior ta thc ucquisition. ��
<br /> 6.Occupancy, Preservation, Afnintenance und Protection of the Property; Borrower's Lonn Applicatlan;Leaseholds.
<br /> � Borrower shull occupy, establish. und use the Property as Borrower's principul residence within sixty duys aRer the executio�i of
<br /> this Security Instrument and ShaU continue to occupy the Property us Bnrrawer's principal residence for at le;ut one yeur after _ -
<br /> the dute of cxcupancy, unlcss Lc:nder othcrwisc agrccs in writing, which conticnt shall nat be unrcasonubly withheld,or unlcss _� -
<br />__--- - - naic:uuati�ig �iicwyistar���s �xi;t :�h�ch arc b:;•ond 8ono•�cr':: control. Bc�rrn:��cr shal! not 3c�troy, da+nagc �r imrair thc = _
<br /> Propeny, allow the Property to dctcriaratc. or commit wastc on the Propc�Yy. Borrowcr shull bc in default if any forfciture _
<br /> • action or prcxeeding,whethcr civil or criminal, is begun thut in f..ender's good faith judgment could result in forfeituce of tho _
<br /> Property or otherwise materiully irnpair thc licn creatcd by this Security Instrument or Lendcr's security interest. Borrowcr muy
<br /> cure such a defuult und reinstate, as provided in paragraph I8,by causing the uction or proceeding to be dismissed with a rul ing
<br /> that, in L.endcr's gooci faith determinution, precludes furfeiture of thc Borrower's interest in the Property ar othcr material --
<br /> impairment of the lien cre:sted by ihis Security Instrument or Lender's security interest. Borrower shall also be in defeult if
<br /> Borrower,during the loan upplicatinn pmcess,gave materially false or inaccurate informntion or stutements to Lender(or failed -
<br /> , ta prnvide L.ender with any m�terial information)in connection with the loan evidenced by the Note, including, but not limitecl
<br /> to, representations concerning Bnrrower's occupuncy of the Property as a principal retiidence. If tl�is Securiry lnstrument is on a '""�
<br /> Icasehold, Boi�rowcr shall comply with ull the pravisions af thc Iet►sc. If Borrower acquires fee titic to thc Yroperty, thc -
<br /> Ieasehold and the fee title+hull not mcrgc unless I.ender ugreex to the mergcr in writing.
<br /> 7.Protectlon of Lender's Right�s In the Property.[f Bonower fails to perform thc covenants and ugreements contained in _
<br /> this Security Instrument, ar there i�a legal proceeding that may significantly affect Lender'�rights in the Property (such as a =-
<br /> procccding in bankruptcy, probutc,for coiidemnation or forfciturc or to enforce lmvs or regulations), then Lender may do and = _.
<br /> pay for whutcvcr is ncccssary to protect the valuc of thc Property and Lcnder's rights in the Propeny. Lendcr's actions mny --
<br /> y include payin�; any sums securcd by a lien which has priority aver thir Security Instrument, appcaring in court. paying =
<br /> reasonable attorncys'fecs and cntcring on the Prnperty to make repuirs, Although l�ndcr muy take action under this paragraph = --_
<br />- 7,L.cndcr dacs nnt havc to da so. --
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become :xlditianul debt cif Borrower secureci by this =--
<br /> Sccurity Instrument, Unless Borrower .md [.cnder ugrcc t�>other tcrms of payment, thc+c umuunts shall bcur interest fran thc �:'
<br /> Jatc of disbursement at t}te Note ratc and shall be payable, with intcrest, upc>n noticc from Lcnder to Borrower reyucsting o.=_-=
<br /> • payment. _ _ ___
<br /> S. MoMga�e Insu��ance.If L.encler reyuir�d mortgage insurance us a condit�on of making the loan secured by this Sn:urity _ _______
<br />_ Instrument. Borrower shall pay the premiums required to mnintain the monga�c insurance in effect. If, for uny reuson, the I�;;�,�;;i;=•�
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<br /> mortgage insurunce coverage reyuired hy Lendcr I.ipses or ceases to be in effect, Borrowcr xhall pay the premiums reyuired to ���y`
<br /> obtuin covcrage substanti:�lly cquivalenl tc� thc mortgagc insurunrc prcviously in c(fect,at a cost substantially cyuivulent tu thc ' ,; �
<br /> cost ro Borrower of the mortga�e insurance previoutily in ei'fcct. 1'ram an altcrn:itc nxmgagc insurcr approved by Letxlcr. If •�`'"?•.-L��
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<br />- I substantiully cyuivalcnt mortgagc in�uranrc cuvcragc iti not avuilablc. Borrowcr shall pay tc�I.cnJcr cach m�mth ai sum eyuul to '�`';'1�;�•_;
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<br /> emc-twcUih uf the yearly mongage insuranec premium being paid hy Borrower when the insurance roveruge laptied or cca�ecl to
<br /> he in cffect. Lender will acrrpl. u�cand retain thesc paymr�its ati a lutiti rescn•c in licu cit' mungagc insurancr. Lotiti rescrve
<br /> Form 3028 9/90
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