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it <br />1.� <br />Y- <br />101448 <br />event of loss Borrower will give immediate notice by mail rD tfri, <br />any of the conditions or agreements contained in this instrument. or <br />Lender. who may make proof of toss if not made promptly bry, : <br />the note which it secures, then the entire principal sum and accrued <br />Borrower, and each insurance company concemed is hereby <br />interest shall at once become due and payable, at the election of the <br />authorized and directed to make payment for such loss dirtctly.to <br />Lender- <br />the the Lender instead of to the Borrower and the Lender joiccly;; aril <br />the insurance proceeds, or any part thereof, may be applied bl y Oe <br />Lender shall give• notice to Borrower prior to acceleration <br />Lender at its option either to the reduction of the indebtedrm _ <br />following Borrowers breach o�``any covenant or agreement in this <br />instrument to 12 unless <br />hereby secured or to the restoration or repair of the property <br />(but not pnar acceleration under paragraph <br />damaged. In event of foreclosure of this instrument or other transfer <br />Vplitable law provides oincrwise). The notice shall specify: (a) the <br />of title to the mortgaged property in extinguishment of tbe- <br />'. anit; (b) the action required to cure the default; (c) a date, not less <br />.R� htednrss secured hereby, all right, title and interest of the <br />W <br />u 30 days from the date the notice is given to Borrower. by which <br />Sbrrower in and to any insurance policies them in force sball passsir: <br />