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<br />,;.,,;��1� thE lien or ta�.e ono or more of the actions set forth above within 10 days of the giving af , .,: ,�1' ,j
<br /> ' notice. '1-', ���j��t�_:
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<br /> ""`�D�`' 4, Ha�aard Insurance. Borrawers shall keep the improvements now existing or
<br /> ''°`�'r'"" hcreAfter ecect��d on the Property i�asured a�aaxnst loss by fire, hazards included�vu��in the "�1 `.
<br /> .,�:�. . � ���'�t < �"
<br /> t,f�,,l�I,; ;; g�rrn °exten��c1 coverag�' and Any othsr hu��ls for which l.ender reyuires irusurance. '��s �. � .�, ,�,�d4�r :
<br /> �.ei4"e:�f�`t �, . ." �,-y �m ` �� .._
<br /> -'�� i n s u r a n c e s�i a l l b e m a i t a��a��t� i�elae amounts and for the pPriads that Lender ret�nr.ores. The ��� Y�,�4`��f�W
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<br />_; ,L�,A;�}� insurance carri�r providing the insurance snall be chosen by Bonc►wers su bject to L en e r s , �,� —
<br /> ti�-��� approval whi�:h shall nat be unreasonably withheld. '� ,��,,=N�.�_ _
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<br /> .•: ��,���'-�� . A!1 insivance policies and renewals shall be acceptable to I.ender an�l siiall in�ludc� ��„�R-- �
<br /> -`���':�'`--�-�r� •�� stnndnrd mart�age clause. Lender shall have the right to hold the policies�nd renewals. If ���:��,_'"�_
<br /> �� ��":� �. I�endcr requims, Dorrowers shall �ramptly givc t4 l.�nder �II receipts of paid premiums and ��,�Y��
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<br /> �i,;.,��,.,, rene�val nnticen. (n the event of la�ss, t3orrowers �Izal! give prompt notice to t e msurance � s,h•,� W-_ ____
<br /> �,�t. , c�rricr aiid I..cudcr. l.enacr may mnkc prciof a�f loss if not madc prompdy by Dorr�wcrs. � _� __-
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<br /> Unle:ss l.cnder and Barrowers othcrwise a�ree in writing, insurance procc:eds shall be ..a,,.,,
<br />'�` �'��� ' y' lied to restaration or repair of the Praperty damased, if the restoration or repair is � �- ,����_
<br />�r�'i���.!� , aPP ��:--
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<br />- �e�:��-�,t cconomically frasible and Lenuer's security is not lessened. If the reswration or repair is not t� .�'�� �5.,
<br />� '�->-:+,� economicaiiy ieasioie u� �rdi.r�� ��i��liF wni�lrl hp leccened, the insurance proceeds shall be �; �,_
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<br /> - . ' applied to th� sums secured by this Security Instrument, whether or not then due, with any ,r„+.,,. ,,�
<br /> ., .� , excess paid to Bonewers. If Borrowers aUandon the Property, ar dces not answer�vithin 30 -;�'±t�' '
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<br /> �. �.�'�;ti�4'+� days a noticc fram Lender that die insurance carrier has affered to settle a claim, then ,,, a .,
<br /> �-��a�.dM.�:�� l.ender may callect the in5urance proce,ecis. Lender may use the proceeds to repair or restAre - .�
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<br />--�;,;,,;� the Property or to pay sums secured by this Securiry Instrument, whether or not then due.
<br />'�-`�_�:�;� The 30 day period will begin when the notice is given. , ��
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<br />'`''���'�'�� Unless L.ender and Banovvers otherwise agree in writing, any application of proceeds -� , ,
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<br /> '��" ��` �', � ro rinci al shall not extend or pvstpone the due date vf 2�he paymenrs referre�� to in .�;•� ,, *,_°__
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<br /> -_';�:�,,,� paragraphs 1 and 2 or change the amount of the payment. If under paragraph 17 the � , ,r:r.�-�...
<br />-°_"•'��`'`�"�'"�` ' ' aa uiresl b L.ender, Borrowers' right to any insurancQ policies and proceeds .�;,�:;;�
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<br />__,;;�.�y���` resulting from damage to the Property prior to the acquisition shall pass to Lender to the ��•, �;,+��,• : _
<br />`�-=u�. extent of the sums secured by this Security Instrument immediately prior to the acquisition. i.� � , ;.��{;.
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<br /> f .s, : 5. Preservation and Maintenance of Property; LeaseholcDs. Bonowers shall not ��
<br /> ' '�" �� destroy, dama�e or substantially change the Property, allow the Property to deteriorate or , �ac,,��
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<br /> �;•����".- ' commit waste. If this Security Ynstrument is on a leasehol@, Borrowers shall comply with the ;.�:: � ,.���,,. .�?:�
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<br />=T.,:�i��,•����� provisions of the lease, and if Bonowers acquire fee title ro the F'roperty, the leasehold and i :
<br /> "�'�'''�`�`�`'�`�� fee title shall not merge unless L,ender agrees to the merger in writing. _ -,�,.�-�
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<br />�''�`.`�'��'M"":� � 6. Protection of Lender's Rights in the Propecty; Mortgage Insurance. If Borrawers ; ,
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<br />'1?^1: '?•;(.{,','y . ..
<br />��:f...�.::.,�..� fail to perform the covenants and agreements wntained in this Security Instrument,or t ere ��
<br /> �"j��' �" -:�•���'', is a legal proceeding that may significantly affect Lender's rig�ts in the Property (such as a ,
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<br /> '_',�:?;t�dY%y;,;� procecding in bankruptcy, probate, fnr condemnation or to enforce la�uvs or regulations), then i
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