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<br /> ; S. Hs►�strd or Prnpe�ty Iasurance. Borrower shatl keep tho impmvements aow eajstiag or hereafter erected on the
<br /> ' ; Pmperty insured qgainst loss by flre. ha•r�rds included within ttte term 'extended coverage" aad aay other hazards. including E.`
<br /> , o • floads or flooding.for wWch I.endcr cequires insumuce.This insurnnce ahall be taaintaiaed in the amounts and for tha perlods E
<br /> - that Lender requIres. 'I'he insuraace rarrIer providiug the inswuuce shall be chosen by Borrower subject to Ixuder's appmval �
<br /> ' whicb shnll aot be unreasonably withheld. It Borrower fails to rat�ntaia mverage descdbed above, Lender may, at Lender•a _
<br /> optton.obtain coverag�to protect Lender's dghts tn tke Property in accordaace with paragraph 7. _
<br /> ,,� All insurance policlss end renewals shull be acceptable to Lender end ehalt include a staadard mortgage clause. Lender -
<br /> shall hnve the dght to kold the policies and renewals.If Leader requires,Borrnwer shall prompdy give to l.ender all receipts of
<br /> �� paid premiuws and rectewal noiices.Iu the event of loss.Aorrowcr sha11 gtvc prompi notice to t6e insurauce carrIer and l.ender. �.
<br /> a�.� I.ender tnay make proof of loss if not made pmmptly by Botmwer.
<br /> - Udess Lender and Bonower otherw{se agree it�writiag.fnsurance pmcc�eds shall be applted to�+estoratIon or repair of thc
<br /> �� Property damaged.if the restoradon or repair is eoonomically feasible and Lender's securlty ia not leasened.If the restoration or
<br /> �`"' repair is aot eoonomically teasible or Leader's security woald be lesseaed,tlie iasurance prooeeds shall be ap�lied to the swns
<br /> + n� secured by this Securtty Iasuument, wttethcr or noi then due. with aay ea�ass paid to Bortower. If Borrower abandons the
<br /> � � Property.or cloes aot answer within 30 d�ys a aotIce from 1.eader that the ins�uance carrier has offered to seWe a clai�a,then �
<br /> �!- Lender may collxt the insurance pmaxds. L,euder mayr use the procads to repair or restore the Properey or to pay sums
<br /> secuced by this SecurIty Instnuaent.whether or not Wsa due.Tlte 30�day period will begin when the noace is given.
<br />. ,� Unless Lender amd Borrower othecwise a�ree in writin8. �Y aPPllcatIon of proreeds to princIpal shall noi extend or
<br /> postpone the dua date of the montWy gayments referred to ia paragraphs 1 and 2 or change t6e amount of the payments. If
<br /> _=�, � ,:.�:' uader patagraph 21 the Property Is acquired by Lender.Bomower's tight to any insurancx golIcies aad pmceetls resulting from
<br /> '''_:' . "' damage to th�Propeny gdor to the acquisition shaU pass to Lender to the extent of the sums secured by tbis Secudry Instr�ment
<br /> .s - imrnediately prior w the aoquisidon.
<br />= , 6.Oocupancy,Preservallon,Madntm�nce ond Protedtou oi t6e Property;Bom��rer's I.oan Appllcat[on;I.ea�e6olds.
<br /> . Borrower shall oxupy,establish,and use the Property as Borrower's princIpal reside�e withln siaty days after the eaecution of
<br /> -��_�.�,, this Securlty Instmment and shall continue w occupy ttte Property as Bomnwer's priucipai residence for at least oae year after
<br /> "°� the date of occupancy.unless Leader otherwise agrees in writing, which consent sball aot be unreasonabiy wIthheld,or unless
<br /> _:�:,��,<.. e�aenaaSng cirwmstanoes exist whIch are beyond Bo:rower's control. Borrowett� shall not destroy. damage or impair the
<br /> •� ..y�� Propezty, aUow the Property to detertoratc. or commit waste on the Property. ��ower sbaU be in default if any forfeiture
<br /> _��'�� .. action or proce�diag, whether clvil or criminal,is begun that In Lender's goofl fs�iW Judgment could result in forfeiture of the
<br /> :;:s.;k�•k�� Property or atheewtse mazerlaUy impair the Uen cm,ated by this Sccurlty Iusuuarent or Lender's secudty interest.Borrower may
<br />=j:c,.�,°; � cure suc6 a default aad reinstate�as provided in paragraph 18,by cansia$the acdasn mr pnocEeding to bc dismissed with a nili�og
<br />°--rx`•���s that� in I.ender's�ood faith determtnat�on, piecludes forfetture of the Borrowe�'s iaterest in the Property or other waterial
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<br /> _ .� �° f�.�m�t��U►e itea ereatad by this Seauity jnsaument or I.eudcr's sec�riiy ianiaCSf.Sviii,wer �aii atsfl t�iu ti�fautt if �
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<br /> �.�_,,;,: Bormwer.dnring the loan epplication prooess.gave materiaUy false or iaaocurate infocmadon or statenaents to Lender(or failed
<br /> =°:.f=�:� w pmvide L,ender with any material information)in connection with the loan evldenad by the Note.includtng.but not limited
<br /> --__--_�� to.c�ePresasiatioas waarning Bor�mrer's oocupaacy of the Property as a prjncipal res(dence.If this Secudty Insuvment is on a _
<br /> _.�,��o.,:�� leasehold. Borrower shAll comply with all the pmvisions of the 1�. If Bomowa ar.quices foc title to the Pro�perty, the _
<br />,�,,�.,,,�M�� leasehold and the fa tide shall not aierge unless L.endar agrees to the anerger in wricing.
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