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<br /> � ' S. Hawrd ac Property Insuaance. Borrower shall kecp ihe impmvemen4s now exispng or hereafter erec:tecl an Ihe �t�"
<br /> •�� Properry insurcd ugainst loss by firc, hiu.ards includcd within thc tcrm "cxtcndcd covcrxgc" and any othcr hazsuds, including , •���+===
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<br /> tlnods or flnociing, for which Lcndcr requ'uca insuruncc. This insurnncc shall bc:mainwincd in thc wnaunts and for thc periods
<br /> thAt Lend.er requires. 'ihe insurance carrier providing ihe insurance shaU be chosen by Borrower subject ta L.ender's approv,�,� ,. �'•;1�'=�°'-
<br /> ^^��,,,�: which shi�ll not be unreasonably withheld. I!Borrower fails to mnintain coverage describad above, L.ender muy, at l..ender's J ' ': �r�"�'+'�
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<br /> ,. . ,�, o tian,nAtnin coverage w protec:t LendePs rights in the Propeny in accordance with paragraph 7. ' � J `��
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<br /> Al? insurance policies and renewnls shall be acceptable ta Lender and shall include a standard mon�age clause. Len der ;,,t,r:—�-___.
<br /> shall have t�e right to liold the policies and renewala. If Lender requires, Borrower shnll prampdy give tn Lender all receipts af � -�•'�� •r"`=-�=
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<br /> paid premiums and renewul nouces. In the event of Ioss, Borro�ver shall give prompt nouce to Uie insurance carrier and Lender. � �''•--'"' �'
<br /> Lender may make proof of loss if not made prompUy by Bortower. � i;---.
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<br /> ' � `:• Unless I..ender and Borrower o7S�ezwi�agrce in wridng, insurance proceecls shall he�pplicd ta res2orapan or repuir of the � ��,-'_�-=-•_-•--_�__-
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<br /> ' � , Property damagccl, if lhe restorapon or repair is economically feasibla And Lender's securi.ry es nat lessened.If the re.ctorAt�on or r !�tE""'=—�
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<br /> repair Is not econornic�111y feasible or Lender's s�urity would be lessened, rhe answance proceecis shall be applied to the sums 0 �'_ _
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<br /> secured by this Security Instrumcnt, whcther or not then duc, with any cxcess paid to Borrower. If Bunrower abandons thc �_�---
<br /> • Property, or does not answer wirhin 30 duys a notice from I..endnr thac tha ineur.ince carrier hns offcred to setUe a claim, ihen �°=
<br /> Lender may collect the insurance preceecls. Lender mny us� Q�e proceeds to repair or r�stUre thc Property or to pay sums `�=�••-�
<br /> secured by this Securiry Inswment,whether or not then due.The 30-duy period will begin when the nodce is given. �:�_ °
<br /> ' Unless Lender and Horrower otSierwise agree in writing, ony applicotion of prcx;eeds te� principal Fhull nat exu:nd or �_ �
<br /> ;� postponc thc duc ducc of thc manthly paymcnt� refcrrc<l u� in p:vugraphs 1 imd 2 or chat►gc Ihc mm�unt of thc paymcnts. If
<br /> undcr puragraph 21 thc Propeny iy ucquired by Lcndcr, Borrowcr's right tn uny inyurunw{►oliciav und prcxecdv rasulUng irom �`
<br /> dumagc to 1hc Property priar tc�thc ucquitiition shull p;�tis to l.cndcr t�thc cxtcnt c�f thc+wnr sca;urcd by thiy Scc:urity lnstrumcnt
<br /> immcdtatcly prior to thc ucqui�iUon. -��
<br /> 6. (kcup�ncy, PreservAtk►n� M�intrn�nce and ProtectNm oP the Piropertyi BurroM�er'�Lore Appl{c�ti�►ni Lersehold�. �."" --
<br /> •� eorcowcr vha�l cxcupy, ayWblish, und usc thc Propcny uv 8arrc�wcr's principul ravidcncc within sixty cfuys uftcr wc cxcc;ution of r°—
<br /> this Sccurity Instrumcnt and shall canqnuc to occ;upy Ihc Prnperty �v Borrawcr's priocipul rc�idcnc:c for ut Icast onc ycar uftcr
<br /> � thc datc of occupancy, unlcss Lcndcr othcrwisc ugrccs in wridn�, which conscnt shall not bo unrcusonably withhcld, or unlcss
<br /> _....__—_ at�tsssui�tio fSC1lT.lSC�[lCn3 c�.*.i�► w�irl� nr_r. h_r.y�n�i R�rrawer'v control. Borrawcr shull not dastroy, dnmauc or impair thc _
<br /> Property, allow �ha Property to dctcrioratc, or c:ommit wastc on iha Propeny. Borrowcr shnll ba in dafault if any forfeipue �
<br />- � acdon or praceeding, whether civil or criminal, is begun that in Lender's gaocf faith judgment could r�sult in forfeiture of tho
<br /> . Property or otherwise mate.aally impair the lien created by this Securiry Instrument or Lender's securiry interes� Borrower may
<br /> cure such a default and reinstate, as provided in paragrapl� 18,by causing the acdon or proceecling to be dismissed with a ruling
<br /> , . that, in Lcnder's good failh detcrmination, precludes forfeiture of the Borrawcr's intcrest in the Property or othcr matcrinl
<br /> � • impaument of ihe lien created by this Secur:ty lnswment or L.ender's security interest Borrower shaIl also be in defeuit if --
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