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<br /> � � ': g. Elazerd ar ghoperty Iasurance. Borrower shall keep thc improvensenta now existin� or hercafter erected on th� —
<br /> : . propettyr insured agatnst loss by fice,hazards included witbia the term"extended covernge" aad nny othet hazards. including :.
<br /> - � ` ' tloods or tloodfng.for which l.ender requlres Inaurance.This lnsurancc sh�lt be maintuined fn ch�amounu and far th�period� �_:
<br /> -� �hat L,enda requirea. 'fUe insw�nce carcter providing the ineurunce ahnll be chosen by Rorrower subject to I.ender's appmvnl � �'
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<br /> which sha3l uot be unrcasanably withheld. If Borrower faila to matntnin coveraga described nbove, Lender mny, nt l.ertder'R , �
<br /> ... option.obtain coverase ta protect 1-ender's righto in the Property in accordance with pasagraph 7.
<br /> A11 inaurance pollcles nnd renewals ahall be cscceptable to Lendor ar►d shnll include n stnndaM mortpagc claus�. [.end 'a �
<br /> ► shatl hnve the dght to hold the policIes nnd renewats.If Lender requires,Bonower shall promptty glve to Lender�11 reccipta __
<br /> _ paid premiums and renewal aotic�s.In the event of losa.8orro�ver ehnq gtve prompt nottce to the insuraace carrier nnd I.end �
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<br /> .�� L,ender may make prootof losa if aoi msde pmmptly by gorrower.
<br /> ;.�, UNeas Lender and Bflrrower otherwlse agrce in writtng,insuta�tce proce�cls shall be appllcd to restoration or ropuir of
<br /> ,»•�''+�!�� ptppertyr datpaged.if tde nstoratten or repair{s economically feasible and Lectder's security is not lessened.if thE testotation __
<br /> '`' '°','�"¢ reQair is not economically feasible or I.ender's security would bo lessened.the insuraace proaeds shail bs appl�ed to the sums --
<br /> 3 securec4 by this �ecurlry Insuvment, whether or not then due, witb any► excess paid to Borrower. If Borrower abandons the
<br /> �; Progerty.or does aot aaswer within 30 days a notice from Lender that the insurance careIer has off@rcd�a settle a clatm�then —
<br /> I,eader may collect tlw insuraace proce�s. Lender may use tha procceds to repair or restore th;, Property or to pay sums .--
<br /> ��by�e Secur;ry Instrument,whether or not then due.lhe 30-day period will begin when 3he aodce is given.
<br /> .• Unl�ss Lender and Borrower othenvise agree ia writiu�. a�►Y aPPlication of proceeds to principal sha11 not extend or
<br /> ? postpone the due date of tLa monttily payments referred to ia paragraphs 1 and 2 or change th¢amount of tha payments. If
<br /> . � ....�* - under paragraPh 21 tbe Property is acquired by Lender.Borrower's dght to any insw�ance policies and proceeds msulting from
<br /> damage w the Property prlor to tlae acquisition shall pass to I.eader to the extent of the swns secured by th�s Security IastNrar�t
<br /> . � �-:`':'' imcucdiatcty prior to the acquiaition. .
<br /> �:� ;. 6.Occapsncy,greserQatioa,Melntemanse and Proieclton oi t6e Propertyi Borrower'e Loan Applicationt I.ease�olds.
<br />_ ��: gorrower shall occupy,establish.and use the Property as Borrov�'er's principal residence withia sixty days after the execution of
<br /> �g��ty,Insuwneat and Shail continue to accupy the Property as Borrowcr's principal residenoe for at least oae year afte�r
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<br /> ��'; the date of occiag�annay�uniess L+eader othenvise a$rees in wddng+which consent shall not be ucareas�nably withheld.or ualess
<br /> �'"` extenuating circumstances e�cist which ate beyond Borrower's conuol. Borrower aLall not d¢.sa�oy. dan�aSe or impair th�
<br /> ` � preperty�allow the Property to deteriorate, or commit waste on tlie Prope�ty.Borrowea'shall bP in default if any forfeiture
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<br /> � action or pzoceedin8.whether eivil or crlminal.[s 1�eSuu tbat in Lender's good faith Judgmeat could result in forfeitura of c7he
<br /> , Y �4P�Y or otherwise m$terialiy impair the lien created by this Security Insfiunent ot Lender's securiry interest.Borrower aaay —
<br /> - cure such a default aud reinstate,as provided in paragraph 18,by caus�ng the acdon or proceeding to be diacaissed with a niling `
<br />_�_,,`_ ,'�, t6�t, �u Lender's gaod faith determinaNan, Precludes forfeiture of the Borrower•s interest in the Frop�cy or oth�r material :
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<br />-�" ��}�r �f the liea created by this 5ecurlry Instrun�ent or I.ender's security imterest. Horcower shall�also bs in d�f'aulc if.
<br /> '`°''�."-`�"- � hcatioa pmcesa,gave matertalty �&Ise or inatc�tt�e tnfonnarian or a�atomr�is tu.i.erui��or.fatt:a2 _
<br /> Borrower.during the loan app' mce
<br />-• � , '`. ;,,:: to provide Lendor with aay ndateriai information)in conaectioa wlth the loam evIdenced by tho Not�.iac3uding.b11t�II0i,WA1tCd
<br /> �'�'�'�' '��: to.rePresentationa conoemia$Barmwer's occapancy of the Prope�ty as�principal resf�Tence.if v]ils Se�urity Instnunsat�is an a
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<br />-:+',�,.�'r: � leaseho2d, Bornower ahaU comply with ail the prbvisions of the lease. If Borrower acquims'fn$ dtla to the Pruperty, the.
<br /> _. . ... leasehold and the fee dde shaU inot merge unless Lender agrees w the merger in wciting. `
<br />�`""'`,•°'�',A 7.ProtxHon otl.ender's Rights in the Property.If Bormwer feils to perfornn the covenasau and�qreements oontained in
<br /> `°� '.�,'.'� thls Securlty lastn�ment.or there is a legal pro�in8 that maY significantly affect Lende�'a rights in�the PcoPertY(su�b as a
<br />'".+ ' - p�oce�ing in bankcvptcy,probate,for coademnation or fodeitun or to enforce lawe or ceguletions),then Leader may do aacd
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