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Hezard or Property Insurnrece. Bormwer xhull kcep the improvements now existing or hercufter erecte� an the __ <br />_ -.�„��,•.� _- <br />__,,;,,,.,,,.�_-�� Property l�urcd against toss by tire, h�n�+da included within the term "extended covemge"and uny other huzards, including <br /> •� �+'-- floncl5 or Ilnoding,for which l.ender requircs insurxnce.This insurunce shull be maint�ined in the amuunts und for the periads � <br /> '�`��?'�� thac Lxnder requires. The insurnnce carrier providing the i�surnnce shull be chosen by Barrawer subj�x;t �u Lx�nter's appraval � <br />"'�°�•� which shall noc be unreasonably wtthhe(d. !f Barrower fallK to mnint�n covernge described abave. 4.ender may. ut l.ender's <br />'y�.� option,obaincovcrage ta protect LendePs eights in the Praperty in accordanoe with parngmph 7. _, <br /> AIf intiurance policfea and renewuls shait be aaeptnble to Lender and shall include a ntundard mongage cluuse. Lender <br /> -"''��`'`�• '�� shalt havethe d�ht ro hold the pallctes and rencwuls.If Lender reyuires,Borrawer shall prompdy sive to Lcnder all receipts af <br /> . ��M'��?!:� paid prerniunu and renewul notices.In the event of loss.Borrower shall g ive prompt not ice to t he i ns u r a n c e c a r r f e r a n d I.e n d e r. � <br />-�-°=�fr '� Lender may muke proof of lass!f not mnde pramptly by Born►wer. <br />:�,;�c ' <br /> �;:,,.}:y�,�_ ; Unless Lender and Borrower otherwise agrce in writing.insurance pmceeds shall be applied to restaratiun or repair of the <br />_=-�t�'�� � ; prope►ty darnaged,if the restoration or repair is economicully feasible and Lender's securiry is nat lessened.If the restoradon or <br />---�`'�'��C` `� repair is not aonomicully feasible or I.ender's secudty would be lessened,the insurance proceeds shall be applied to the sums <br />�m-=-.-� secured by this Security Insirument, whether or not then due,with any excess patd to Borroaer. If Borrawer abandons the <br />��� propetty,or does not answer within 30 days u notice from I.ender thut thc insurunce carrler has offered to settle a claim, tlien <br /> _--:__-�6. Lender may mttect the i�surance proceeds. L.ender may use the procceds to repalr or resture the Property or to pay su�ns <br /> "'"°°�"`'��--- securcd by this Security Insuument.whether or not then due.The 30-day period will begin when the notice is gtven `_ <br /> J� � +� Unless Lender and Borrower othenvise agree in writing, ssny appl�cution oi pracee�is tu pri�eci�wt shali not :.xicnd or - <br />-""�����] postpone thc due date of the monthly payments referred to in parn�raphs 1 und 2 or change the amount of the payments. If - <br /> ___ --_— - - under pa��aph 21 the Properry is acquired by I.ender. Borrower's right to any insurance policies and proceeda re.wltIns from <br /> �°°°�='.��� damage to the Property prior to the acquisltion shell pas.s to I.ender to the extent of the sums scxured by this Securiry Instrument <br /> ---___�..:� {mm��auly prlor to the ucquisit�c+n. <br /> --—��' 6,Occupancy,Presetroation, Matnteaance ruid Protectton of the Property;Borrower's Loaa AppUcatton;Leasehoids. <br /> -�"°_�� Borrowershall oaupy, establish,and use the P�+operty as Barrower's principat residence withln slxry days after the execution of <br />�-�==.+r�!+,.,,� this Security Instrument and shali continue to occupy the Property as Borrower's princlpal residence for at least one year after <br />=_==�:� the date of occupancy. unless Lender otherwise agrces in wdting.which consent shall not be unmasonably withheld. or unless <br /> --. : _ -- �x=���� d��sta�S e!�lst which are heyand Borrower's control. Borrower shall not destroy. demage or jmpuir the <br /> __�___� Properey,albw the Prapecry to deteriornte,or cornm[t waste on the Property. Borrower shall be in default if any farPeiture <br /> �_=n=�=-- acdon or proceeding,whether civil or criminal,fs begvn that in Lender's goad faith judgment could result in forf�tture of the <br /> -�"" Property or ahenvise rnatedally impafr the lien created by this Security Instrumnnt or I.ender's securlty interest. �onower may <br /> ��="'g` cure sucha default and r:instate,as provided In paragraph 18�by causIn�the acdon or proceeding to be dismissed wittt u tuling <br /> -----�=' that, in Le�er's gooct faith detera►instion, precludes forfeiture of the Borrower's interest in the Property or other matedal <br /> = Impaicment of ti�e lien crcated by thia Security Insuument ot Ixnder's securiry interest. Borrower shall also be In defeult if <br /> — Borruwer,dudng the loan applicatton process.gave materially false or inaxumte jnformation or statements to I.ender(or failed <br /> to pmvide I.ender with any rnuterial information)in connection with the loan evtdenced by the Note. Including,but not limited <br /> to, represe�ntetions concerning Borrower's occupancy of the Progerty as a pdncipal residence.If this Secudty Instrument is on a <br /> � leasehold, Borrower shall comply with all the pmvisions of the lease. If Borrower acquires fee title to the Property. the <br /> leasehold and the fce title shall nat merge unless Lender a�rees to the merger in writin�. <br /> 7.Pratxtion of L�.ender's Itights in the Property.If Borrower fails to perform the covenants and agreements conta�aed in <br /> this Security Instrument,or tliere is a legal prncoedEng that may significantly affect Lender's rights in the Property (such as a <br /> proceedia� in bankruptcy,probate,for condemnation or forfeiture or to enforce Isws or regulattons).then L.ender may do and <br /> pay for wiaatever is necessary to prutect the vaiue of the Propesty and Lender's rights in the Property L.ender's actions may <br /> -- include payin� any swns secured by a lien which has priortYy over this Securtry Instrument. appearing in cow4. paying <br /> ---� «asonabk auorneys'fees and entering on the Pmperty to make repairs.Although Lender may tnke action under this paragraph <br /> - 7, Lender dces nat have co do so. <br /> ------ Any amounta dlsbursed by Lender under this paragrnph ? shall become Fsdditional debt �f Borrower sa;ured by this <br /> --- Secutity inswmznt. Untess Borrower and L.ender agicx tu othcr tcctns of payment,these a�ounts sliall bear intereat from tha , <br /> - date of disbursement at the Note rate and shall be payable.with interest, upon notice from I.ender to Borrower requestin$ <br /> -- <br />