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<br /> f S< Edazar� ar Pr�perty Insu�ance. Borrower shalt keep the impro�•emenu now existing or hereafter erected on the -
<br /> � - � � � Property insured against lass by fire,ha�ards inciuded within the term "extended coverage" and any oher hazards. including �
<br /> , floods or�laoding,for which Ixnder requires insurance. This iasurance shall be maintainad in the umounts and for the periods ._
<br /> ` • , • � that Lender requires.The insurance carrier providing thz insurance shall be chasen by Borrower subject to L.rnder's approval � _
<br /> • � • which shall not be unreasonably withheld. If Borrower fails to maintain coverage destribed above, Lender may,at I.ender's
<br /> • � � ': ' �� option,obtai�rnverage to protect Lender s rig6ts in the Property in accordance with patagcaph T. �
<br /> .� ; All insurance policies and tenewals shall tse acceptable to Lender anc! shall includ�a standard mortgage clause. I.ender ,�
<br /> • shall have the right to hold the policies and renswais. If Lender requiies.Borrower s�all promptly give to Leader alt receipu of �'"
<br /> . ' ' ����`� paid premiums and renewal norices.In the event of loss,Borrower shali give prompt norice to the insurance carrier��I.endes. „� -
<br /> • • .. I.ender may make pro�:�:F inss es not made prompdy by Borrower• . � _
<br /> ' Un�ess Le�t+s.sz a�:,+Ba,-�Tw:otherwise agree in writing,insurance proc�s shap be ap�lied to restorauon or�:,_*�::the � -
<br /> �`��4� Prae��•�a m a ged.if�ie:°;:�-��r�r re p a ir is eoonomirallv feasible and Lender's sacurir���t�:.t:tis�=rd.If the c�tr,rt•an or =
<br /> �r:.��:-z;;���� m,�2i-:��et econotnically fe��L':�:xzder's security�x.,�:N:_se lessen9d,the insuran ce�a���s s h a l l tr e app l i e d t a d�e s u a u -
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<br /> . �-��ff5f�:.;+�•( secured by tf�is S�curity Instr�r,_�^'.�.. M^e�er�r aot then�.�.e, with any excess paid to aacrower. If Borrower abandons the
<br /> �,� Property,or does not answer within 30 days a::�da�from Lender tl�at the insurance carrier has offeced to settle a claim.then
<br /> ; ixnder may collect the insurance pmcceds. Lender may use the prooeeds to repair or restore the Pragerty or to pay sums
<br /> = secu:td by this Securiry Itisuument.vuhether or not then due.The 30-day period will begin�vhen the notice is given. -
<br /> - . . -�; Qniess Lender and Borrower otherwise agrce in writing, any ap�liration of praceEds to principal shall not extend or
<br /> �� , , pastpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or change the amount of the payments. [f
<br /> r ' � und:r paragraph 2t the Property is acquired by Lender,Borrower's ri�ht to any insurance�SOticies and procceds cesulting fram
<br /> � , darr�ge to tht Propeny prior to the ntquisirian shall pass to I.Qader to the extent of the sums secured by this Security Insuvment
<br /> _ , . . irrrsf:ediately priar to the aajuisiaan.
<br /> � 6.Urcu�►ancy.Preservatton,MritnSenance ansl�o2ectton of ttre Prnperty;Borrawer's Lflan Ap�lication;Leaseholds.
<br /> �'��` �' '7 �4 Bnnower shall occupy.estublish,and nse the Property as Borrower's p�incipal residence witfiin siaty days Zfter the execation of
<br />_< ..' . � this Ss�curiry Instrument and shall coniinu;,to occupy the Pr+operty as Borrower's principai residence for at least one year after
<br /> '��' ' '�•�' th�d�te of accupancy. �rnless Lender othenuise agr�es in writing.which consent shall not be unreasonably withheld,or unless
<br /> �'•• extenuatieg circumstances exist which are beyond Borrower's wnuol. Bomower shall not desoroy, damage or impair the
<br /> �"•��. � ° �• # � PrQperly. allow the Praperty to deteriorate.or commit waste on the Property. Eflrrower shall be in�lefault if any forfeitnre
<br /> �� actian os p:oceeding,whether civil or criminal.is begun that in Lender's good faith judgncent could result in forfeiture of the
<br /> --'� �--� - Froperty o�otherwise materially impair the lien created by this Security Instr�ment or l�euder's security interest. Borrower may
<br /> -��'.'�.°`�� �� `� cure such adefault and reinstate,as provided in paragraph 1�,by causing f�a action or praceeding to be dismissed wid�a mling
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<br /> �=;�:;'.',,.;:."'. that,iu i�nder's good faith determination, �:�cludes forfeitare of the fio::awer's i�:�t in the Nroperty or other material
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