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<br /> ILL:
<br /> �5. Hoperd or Propeety Inaurence. aarra�ve,r ehall keep the improvementa now exietinA�r hereafter errcted vu
<br /> � l� , . thn f'ra�lercy inaured a�ainat loss by Yire,hazurds included within tha term "extended covera�e" nud Any other horard�, �
<br /> includin�Ploads or Qloodin�,for �vhich l.ender cequires insurance.'Phis lnsurance ehap be maintained!n the umuuntx �.-_
<br /> �- � und for the perlade that I.ender requires.'fhe insurance cnrrier praviding the Insurnnce shaU ba chosen by Borruwer =_
<br /> subjeat to l.ander's upprovnl whic.h ehail nat be unres�onnbly withhold.If Barrower Pei1R to muintutn coveruge descrlbeJ � �°
<br /> ahave,I.ender may,at Lender's aption,abtein coverege to protect I.ender'a rtghte tn the Property in nccordanco tvith �
<br /> � paro�raph 7. � '_
<br /> { AA insurnnca�olici�s�nd renewals ahsll be acceptable to I.ender and ehnll include u atandurd marYge�e clnusa. �
<br /> l.ender ahall have the rl�ht to hold the policies und renewals. If Lender requtres, Barrower shull promptly give to � -.
<br /> .��,� l.ender ull receipte af paid premiums and rene�vo!notices.In the event of loss,Bortawer ehuU give prompt nat�ce to the �
<br /> , inauranca carrier and Lender.Lender may mnite proof of loss If not mada promptly by Borroaer.
<br /> Unless I.ender and Borroaer otherwtsa agrea in writin�,insurnn��e proceeda ehaQ be applied to restoration or repair �
<br /> : �_�'''��,,p� of the Property damaged,if the restoratton or repeit is economically feasiblo nnd Lender's security is not lessened.I4 the �
<br />��4 �, restor+ation or repair is not ecanumtcalty Peasible or Lender's securIty would ba ler�.sened,the insurrince proceeds shaU be
<br /> � . ,:� npplied to the sume secured by this Security Instrument,whether or not then due, �vlth any excess patd to Borrower.IP
<br /> � $arrowor ubandana the Pragerty�or does not anawet wlthin 30 days a notice fmm I.ender that the tnsurance carrier hns .._
<br /> � � ofPered to cettle a cloim, then L�ender may collect the inaurance proceeda. I,ender may use the proceeds to cepasr or
<br /> r�tote the Property or to pay sume secured by thia Security Instrument,whether or not then due.The 3a'duy period will
<br /> begin when the rt�atice is given.
<br />� � � Unless Lend��r us�d Borcaaer othernisa agr+ee In writtng,any agplicntion of praaeeda to principal shall not pxtend or
<br /> ;;.. :y,,, ,-,� ' postpone the due date af tho mamthly payments reYerred to in pacagraphe 1 nnd 2 or change tho amount of thc�.�ymente..
<br /> --'�"-�•-�"� Ii under ara ra h 21 the Pro. rt is ac uired by I.ender, Borroaers ri ht to sny insurance licies and mceeds
<br /> r-.:;..,,;... P 8 P � Y 9 � Pn P
<br />--;:> n.=.-�;. resulting irom damage to th�Psuperty priat ta tho acquis�tian shall pass to Leader to the eatent oi the sums secur�d by
<br />' " ' thiaSecurity Inscrumentimmediately� pn��4�theacquisItion.
<br />.�t:c':;���� 6.Occu}ms��cy,2'rasorrett�on,Msi�C¢namnco�nd Protection a�f!Lhe PeoperEy;Aarrowea�'s�.oan Applic�tioa;
<br /> Leasef�ol@s. Bnrm�er ehal!�iccu�y.establtat►,and use the Property as Sorrower's ptincipal resicience withir�eixty days
<br /> •° <�-�•�-� after the execution of thls Secunty ]nstrument end sha11 cc�ntinue to uccupy the Property es Borrower s principa1
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<br /> -� ''•`�" residence tor at leuat one year afterthe date of occupancy,unlesg Lender otherwise agra+s in ariting,which cu�t�¢ent shall
<br /> n,._,:,.:.4 not be unreason��ly withheld,or unless extenuattng cjrcumstences ex�st ahIch are bayond Borrower's contral.�anowor
<br />��`�'�;�``' ahull not dest�y•.clam�ge or impuir tha Property.allow the Properey to daterlorate,or commlt wnstc on the f'roperty.
<br />��`'�=�— Horcower shc+il�r�i in defuult it any iorfeiture actio�or proceeding,t�3nather ctvil or criminnl,is begun that in'Gender's
<br /> ����"��'' �ood faith judgment could result in forfeiture of tha Property or otherNisa materinlly impair the llen creut�ed by this
<br />°'_�;k��; Security Inatrument or l.ender's security interest. Borrower may cure such a de�'ault and reinstate,as provIded tn
<br />�:;��- paragraph 18, by causing the acrian or roceeding to ba dismissed with a euling thut, ie� [.endar's $cod faith
<br /> '�' - determinntian,�rectudes iorfe�tura of the�orrower's intet�est in the Property or other mnteri�i irn�airment of the I�an
<br /> ,:�;;,;,�V.�.,� cr�ated by this��nurity Instrument or I.ensiar's sr�urIty interest.Ii�rrower sheii aiso ba in de�a��iY af Horrower,during `
<br /> ��°�`�'���� tho loan applicetibn process, gave mnteriaily talse or toaccurate information or statements to Lender (or,tailed W
<br /> "�'''�.��,�,�`"�� �ravaila I.ender�Hith any materi�l informatton�in cannection with the loan evtd,onced by tha Note.inctuditiu�;�ut not •
<br /> --=---=N li,r�iY�d;�,rdpresentations concernIng Borrower's occupunay of the Property ns a princlpal resIdenca.It this��aurity
<br /> � Inste�ument is Aa�a teasehold.Borrower shall comply with nil tha provisione ot the lease.If Borro�er acqutres Yen titld ta �
<br /> ="_—'`''-"°��� tha Property,tha 9ea�ehold umd the fee titla shall not merga unless Len�i�r ngrees W tho merger in writing. �
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