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<br /> .S. HArard or Property Ir►surance. Borrower shall kap the improvements now existing or hereafter crcctcd on t ic
<br />"�`"•":� �'� Propeny insural against loss by firc, hazards included within the tcrm "cxtendcd coverage" and any othcr ha7ards, including �
<br /> ;��-,:•••�", floods or flooding, for which I.ender requires insuranac. This insurancc shall bc main�aincd in chc nmounts and for the periods K:�.
<br />- •+� that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to l.ender's appraval _
<br /> '� which shall not be unreasonably vvithheld. [f Borrower fails ta maintain coverage desr.ribed abovc, L,e;ndcr may, at I..ender's _
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<br /> uptian,obtain coverage to protect Lender's rights in the Propeny in accordance with paragraph 7. _
<br />_"''X^r�•{ �°� All insurance pu�icies nnd renewals shall be acceptable to Lender and shall includc a standard mortgagc clause. Lender
<br /> -^1'. �:• .. shell have thc right to hold the policics and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of
<br /> .,, paid premiums and renewal nodces.In the event of loss, Borrower shaU give proiupa notice ta the insurance carri�r and Lender. �-
<br /> �, Lcnder inay make proof of lusa if not made promptly by Borrower, .
<br /> � Unless Lender and Barrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair of the
<br /> t' ' praperty damaged,if the restoration or repair is ewnomically feasible and Lender's security is�ot lessened. If the restoration or
<br />-�+� " repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied[o the sums
<br /> ""�"' secured by thts Security Instrumcnt, whether or not then due, with any cxcess paid to Barrowcr. If Borrawer abandons the
<br /> • �. ",.:� Properry, or dces not answer within 30 days a nodce from I.ender that Qie insurance canier has offered co seule a claim, then -- -
<br />'•,p;�,.��-' ! l.ender may collect the insurance proceeds. L.ender may use the proceeds to repair or restorc the Property ar to pay sums
<br /> ' • ' securcd by this Security Instrument,whether or not then due.The 30-day period wil l begin when the notice is given.
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<br /> - Unless L.ender and Borrower othenvise agree in writing, any application of proceeds to principal shall not extend or
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