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<br /> �" ` .: ` 5. HaTard or �+roperty Ins�tnce. Borrower shall keep the improveipents now existing or hergafter.er�ted on the ; � . . ---
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<br /> �>:�-.� - � Propeny insured agaim�t ioss by fire. hatatds inriaded within the term'eatended caverage" and azey other haruds.including _. ' � :.
<br /> �� � � ��. �. fto�is or flaoding,for which Lertder reguires iasurance. This insurance shalt 6e ma�nta;npa in the amoimts and for the geriods : � �'�.`' _ -
<br /> • � • � .• ° that I.ender requires.The insurance c�rier providing the insuranse s h a l l be c hosen by Borrawer su bj e c t to L e n d e r's a p p ro v a l , _—
<br /> � which shall aot be uareasonably aithheld. If Borrower fails to malntain oover�e described above. Lettder may, at Lender's .`�� �-�-
<br /> • � option:obhein vovr.rage to protect Lender's rights in the Pcopetiy in accordanss vvith paragraph�. --- $`-:
<br /> All insurance policies and renewals shall 8e aeceptaUle to Lender and shaU include a standard mortgage.clause. Lender �� ,�,.---
<br /> .' ' � shall have the right to hoid the polidies and�enewals.If Lender requires,Borro�ver shall pmmptly gi�e to Lender all rer.eipts of ' ,F ,�;_t: :•-
<br /> r _ '° • paid premiums and cenewa{notices.In the evert of toss.Bo:rower shafl give prompt notice to the insurance carrier and Lender_ x � ' _
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<br /> `��e�. � ,.' l.e�er may mafce praof of loss if not made pmmpUy by Boaawer. ,e-�..4�,;-r.,�,�,-�:-
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<br /> � � � Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied co restoiation ar repair of che >.��, � ;���_-:
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<br /> �� � • �� � Pr+ogerry damaged.if the restoration or repair is ecanomicalty feasible and Lender's secarity is not lessened.ff the restorai'san or -•,_,��
<br /> � ' " �''� � � repait is not ecoiromically feasible or Ixader's secarity wonld fse lessened.the insurance proceecls shall be applied to the'sums �'u;, �.=�_.
<br /> € �' � . � � � secured 6y this Security Instr�ment. whether or not then due.with an excess aid ta Borrawer. If Borcower af�andons the 4���
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<br />. ;� : • Property.or does icnt answer within 30 days a notice from Lender that the insutaitce carrier 1�s offered to settte a claim,thev =
<br /> . . Lender may callect the insar�ce pmseeds. 1.ender may use the proce�s to tepair or restore the Property or to pay sums �;,�{�-.w_�_
<br /> ��� : secured by this Security inswment,whether or not then due.The 30-day period will begin when the rtn6oe'ss given. • `��
<br />� �� � � ' • Unless Lender and Borrower otberarise agree in wriang, any application of praceeds to princigal shall nc�t.erctend or ���,..__
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<br /> • postpone the due date of the mont�tc ga}- ��ts referred to in paragraphs i and 2 or change the�.-�t of the p�yments. If T;:�_-_
<br /> ��_ts.��*��—
<br /> _ _... _ _, ander paz�grap�2E the Propert}is ac:,uir�L�p I.ender. Borrower's riEl:s ta any insurance policie.s�i proceeds resulrir�g fro� . ..._
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<br /> ., .._ _,.: .. .•._�.�.. ------ � �- �`e�zatE�.��"Pi'npert5'priorra�t`�:,ac�uisitioTrshalt-passto�:endertot�..°-..-�c.�tofthesumssecured�ay.thisSec-,.szs,;.Instrumers --.-.-_- -__
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