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<br /> . �� . R�•R@CORUt� 97� �o���� g�—. �a2���
<br /> , S. �iuu�rd or 1'ropeny Insurance. 8orrower shall kcep the Improvemcnts now exisiing or hnreaftcr crccted on thr. ..
<br /> Property insured agninst los�by fire, hazlyds included withjn the tcrni "extendeJ coveragv" and any other hivards, including
<br /> � floods or tlooding, fur which Lcnder requires ineurnnce. Thls insurance shall be mnlntained in►h�:�rnountn nnd for the periads
<br /> that Lender requires. The insusance carrfer providing the insurance shall be chosen by E3orrower suhject to l.ender'S 8(1�PAVtfI .
<br /> which shall not be unreusonably withheld. If Borrower C�tlls to main►ain coverage described abovo, l.eader may, nt Lender's
<br /> opdon,obtuin coveta�e ta protect Lender's rights in the Properry in nccordance with plragraph 7.
<br /> ,,�.,.,•��' All insurance policles and renewals shall be acceptable to l,endet and sh�ll includo a stnndurd martgnge clause. L.ender •• '
<br /> � .w� •�" shall have the cight to tiold the palicies and renewals. If Lender requires, Dorrower shall promptly give to l.ender all receipu of ` '
<br /> �• pald premlums nnd renewal notice9. In the event of loss,Borrower shall give prompt notice to the insurance currier a�id Lender.
<br /> �• Lender may make proof of loss if not rnade promptly by Bunower. '
<br /> Unless Lender and Borrower othenv�se agrce in writing,insurance procecds shall be upplied to restoracion or repair of the --
<br /> Propercy damaged,If the restoration or repair is economically feasible and Lcndcr's securlry is not Icss�ned.If thc restoration or -
<br /> rep�ir is not economlc�!!y feasible or Lender's security would be lessened,the insurancx pr�ceeds shall be applied to the sums ���---
<br /> secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons thc ���'�
<br /> Propeny, or does not answer within 30 days a notice from Lender that the insurance carrier has offered so settle a claim, then -�`
<br /> �� I.ender may collect the insurnnce prnceeds. Lender may use the proceeds to repalr or restam the Propeny or [o pay sums °---
<br /> _ . �cured by this Security Instmment,whcthcr or nat then due.The 30-day pedod will begin whcn thc notice is given. ' ',',_, -
<br /> � Unless L.ender aad Borrower otherwise agree in writing, any application of pracoed� to pdncipul shall not extend or `_-`
<br /> postpone the due datc of ttu monthly payments nferred to in pazagraphs 1 and 2 or ch�ngo the amount of the payments. If - --
<br /> ' under paragraph 21 the Property is acquired by Lender,Bonower's right to any insurance palicies and procetds resulting fmtn '"�
<br /> . � darnage to the Property prior to the acquisition shall pass to L.ender to ihe extent of the sums secured by this Securiry Insuument
<br /> immediazely prior to the acquisition.
<br /> „ b.Occupancy,PreservaHon,Maintenance and Pro¢ection of the Property;Borrnwer's Loo,n Ap�9tcution;I.ea�eholds.
<br /> Borrower shall uccupy,estabUsh,and use the Property as Borrower's pdncipal residence wlthin sixty duys after the eaecution of
<br /> tbis Security Instnunent and shall continue to occupy the Property as Horrower's principal residence for at least one year after
<br /> t2n date of occupancy,unless Leader otherwise agrees in writing. which conseat shall not be wtneasonably withheld, or unless �
<br /> . extenuatiag circumstances exist which are beyond Borrawer's wntml. Borrower shall not destroy, dumage or impair thc �
<br /> , — Pmn�m,, �loW!hP Pr4�'-�'s��±e�rlarst�, �r zcmmis �«�:�on ilii:. °ra�,,^r�•. �a,awe�di.r�i�c u� dafauii ii any iodei�ura _ _
<br /> � ��t' actlon or proceeding, whethet civil or criminal, is begun that�n I.ender's good faith judgment could result in forfettun of the .
<br /> • ' Praperty or othenvise mater3ally impair thr,liea created by this Security Instn�mens or Lender's security interest.Borrowor may �_;,
<br /> cure such a default and reinstate.as pmvided ln paragraph 18,by causing the action oa prootsedin�to be di3missed with a ntling =`
<br /> •� that, in Lendcr's gaxl faith determination, precludes forfeiture of tbe Boaower's intomst in tho Proporty or other n�ateri�l �p
<br /> impainneat of the lien created by this Security �nstrument or Lender's securiry interest. Bonower sh�ll also be in default if -
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<br />- Botrower.during the loan applicadon pnocess,gave matarially false or inaccurate informution or statemento to Lender(ar fzil�,d --
<br />�' to provide Lender with uny material information�in connection with tbe loan evIdenced by thc Note, includ'uig.but not limital -
<br />� "'� to,repnsentations conceming Borrower's occupuacy of the Property as a principal residonce. If thtn Securiry Instiumeat is on a ----
<br /> : .' leasehold, �ormNer shall comply with all the provisIons of the lease. If Borrower acquinec fce title to the Properry� th�o =
<br />- � leasehold and thc fce title shall not merge unless I.ender agrees to the merger in writing. r;.
<br />::Y,;,;,;�,:..,:• ' 7.Protectlon oi Ltader's�Iights(n the Froperty.If Borrower fails to perform the covennnts and agreements wntalnod in
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