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<br />="''°="s '�. Hanrd or Propaty Ineunnct. Borrower shall kap thc improvement� naw cxlsting or hereafter erectcd on the
<br /> �,�� �'rupeny insurcd �gain�t lo�� by fire, h�zards included within Ihc term "extended caveragc" and any other tiazards, including
<br /> ;_°;�T� Aood�or itooding,for whlch l.ender require�fnaurance. Thi�insurance shall be mAintained in the amounts and for the periods
<br /> ---- th�t Lender requircs. The Insurance carrier provlding the fnaurance ahall t►e chosen by Borrower subJect to l.ender's approval
<br />_�-�,s�� which shall nat be unrc�aonxbly wlthheld. If Borrower faile to m�inteM coverwge dcscrlbed abave, l.endcr may, at Lendcr's
<br /> '`'_� option,abtaln coverage ta protect Lender's right�+in the Propeny in uccurdance with paragraph 7.
<br />� `=�``� All insur�nce policie�And renow�ls sh�li tx�cceptable to Lender and shall include a standard mongage clause. Lender
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<br /> - ��� sh�ll h�vc the tiAht to hold the policics uxl ronew�l�. (f Lender requirea, Borrower shall promplly givc to l..ender all r�ceipts of
<br /> ��"�u�`� pald premiums and renewal nottces. !n thr,cvcnt of loss,S�rrawer shall give prompt nodce to the Insurance carrier and Lcndcr. —
<br />��' - Lender may m�ke praof of loss if not rtwfe promptly by Borcower. ,
<br /> _,�� Unless Lender and Borrower otherwise egra in writing, Insuruice proceeds shall be applied to resroration or repair of thc
<br /> � PropaYy damagaf,if the rastorallon or rcpair Is economically feasible and Lcnder's sccurity is not lcsscned, If the rcntoration or
<br /> repair is not economically feasible or i.ender's security would be lessencd,the insura��ce proceeds shall be applied to thc sums
<br />'�J.���� � secured by this Security Instrument, whether or not then duc, witt� any cxass pald ta Borrowcr. If Borrower abandons the
<br />,�_ Property, or das nat answer within 30 days a notice frorn l.ender that the insurancc carrier has affercd to settle a claim, [hen
<br />'�°'�_ [.ender may collect the insurance procads. Lender may use the prc�ceeds to repair or restore the Property or to pay sums
<br /> ='�'-�� secured by this Security Instrument,whether or not then due.The 30-day period wip begin when the notice is given.
<br /> --,�,�:«��_.
<br />__=___- Unless i.ender and Borrower otherwise agra in writing, any appllcation of proceeds to principal shall not exte�xl or
<br /> �-�,;,i�� postpone the due date of the monthly payments refened to in pazagraphs 1 and 2 or change thc amount of the payments. lf
<br /> __._N_= under paraRraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from
<br /> __ —__ damage to the Property prior to the acquisition shall pass to Lander ro the eatent of thc sums secured by this Security Instrument
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