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<br />-.���p;p� S. Hax�rd or Prope+ty Insurwnce. Borrawer shall keep the impravements now exleting or hereafter erected on the
<br /> Property insured againslldss by fire, ha�zzards included within the term "extended coverage" and any olher hazards, including
<br /> � floads or flooding,for which l.ender requires ineurance.'fhis inauranco shall be m�intainal in the amounta ond for the periods
<br /> �' that Lender requira. 'ihe lnsur�nce canier providing the inaurance sh�ll be chosen by Borrowet subjxt ta Lender's agproval
<br /> ;,i�#,r�:,, which sha11 not be unrc�sonably wlthheld. If Bunower fails ro maintaln coverage described above, Lender may, at I..ender's
<br /> � opdon,obtain coversge to pratat Lender'e rights in the Proptny in accorduece with paragraph 7.
<br />'��.__�..__. All inaura��a policiea and renewale shall be acceptnble to L.ender and shall include a standard mortgage clause. Lender
<br /> `'^��' shaU have the rigtit to hold the policies and renewala.Cf l,ender require�,Bonower sh�ll prompdy give to Lender eU receipts of
<br /> ��.:� paid prauiums and rencwaf natices.ln the event of loss,Bonowar ahall give prompt notice to the lnsurance carrier and i.,ender, �
<br /> _ ��u„ � l.ender may make prootof loss ff not n�ade promptly by Borrower. .
<br /> ,-:;,,,,,,�� Unless U:nder and Bortuwer otherwise agree in writing,Insurance proctials shall be applied to restoration or repair of the
<br /> ;���� Propeny dwmaged,if the�ess�ration or repair is economically fcasible and Lender's sxuricy is not lessened.If the restoratfon�r
<br /> -�� :,.`�� repxir is not economic+lly feasible or Lender's security would bc lessened, thc insurance procceds shdl be appliai to the sams
<br /> - - socured by thls Security Instrument, whether or not then due, with any exass paid ta Bonower. If Borrower absu►dons the
<br /> . Propeny, or docs»ot mswer within 30 days a notice from Lcnder that the insurance carrier has offeral to settle a claim,then
<br /> ��� Lender may collcet the insurance proceals. L.ender may use the proceeds to repair or restore the Property or to pay sums
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<br /> =.�.�:� secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given.
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<br /> 2;,,�� Unless Lender and Borrower otherwise agra in writing. any application of procceds to principal shall not extend or
<br /> -__ postpone the due date of the monthly payments referred to in paragraphs 1 and 2 ar change the amount of the piyments. If
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