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<br /> �" 5.Na¢ard or Properly pnsuranx�. Bonowcr shnll l�c�p tt:o improvemcnts ncnv existing on c�re�lftcr erect�l on the Property
<br /> � Insarcd agains!inss by flrc, hn�rds includat within Q�c u�rm "oxtc�xlcd covcragc" �rtd any othcr hn�aMs,including tloods or '
<br /> f��uxifng,for which I�c;nder requires insumncc+,'T]�is ins��ranc�shall ba mainWncA in the anounts nnd fQr tho periods thut Lender
<br /> � roquircv,7f�o irtsurancu carricr providing thc lnaurenca shalf bo chascn by Borrowcr subjcct w L,cnder's agpmval which shap not
<br /> im unrcasonnbly wi�hhcld. If IIarrowcr fnils to malntain cov�.-ugo dascribed abovo, i.endr.r mny, nt I,cnd�r's opdon, obtaln
<br /> , cavcrxgo to prntoct LenAcr's rlghts in tho I�opcny in accordanco wlth parngragh 7.
<br /> All insurence poltcies and renowttl�eh�l bc ecce�Wble w I.ender artQ ahnl!�mcludo a�tandnrd ruortgage clause.Lender shall � •
<br /> . , hnvo ttie dght w hofd tho policics nnd renowals.If Lcndcr reyuires,Bomower shull promptly givo to l.cndcr all rccclpts af paid
<br /> ' � •�� premiums and renewal nodces.In tho evcnt of loss,lionowcr shall give pmmpt nodce to tho insurnnco carricr and I.ender.[.ender ' �,
<br />� +,�,,� may mako proof of loss if not modo prompQy by Bonower. `
<br /> . � Unloss L.ende,r and Borrower othcrwisa agrco�n writing, insurr�ncc procoeds sh�ll he applied to restomdon or repair of tha
<br /> Property dam�go�,If the restotatlon or rcpulr is ecotlomically fea5ibto and Lcndcr's sccurlry is not lcsscned.If the restamdon or ��.T•
<br /> . repnir is not cconomically feasible or Lender's sccurity woul�be lesse,�ed,the insurance proc.eeds shall be applled to tho su�ns "�,
<br /> � scxured by this Security Instrument, whethcr ar not then due, with nny excess pafd to Dorrower. If gorrower abandons tho ";''`
<br /> � Property,�r does nat enswer within 30 days a nodce from I.ender that the insurancc cnrric�has vifered to scttic a claim,then �`��~�'
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<br /> , 1 Lender may couect�he insurancc proceeds.Lender may uso tha procceds w repair or rost,�ro the Property or to pay sums secured i;�;.;
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<br /> by this Sccurity Inswment,wt�chcr ar not then duo.The 30.day period will begi�when the notioo is given. ��;'�_
<br /> � Unles.g L.cnster and SorrowEr o�herwase agrcx in wridng,any anplkadon of proccccds to principal shall not extend or postpoae
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<br /> the duo det�of Gha monthly payments refcsrcYl tn in paragr�hs 1 and 2 oz change the amounf of tl�e�nyments.If under paragrap� �:�
<br /> _ . ..� �' 21 the Propeaty 9s aequired by Lendcr.�iorenwcr's dght w any insucunce Nolicies and prococds�esulling fram damaga w tt�e
<br /> ' Progsrty pdor to th�acquisiHon shall pass w Lender w the extent of thc sums secured by this SecurIty Inswment Immediately �`�_�:�
<br /> ::u;..;;.,t;,: pdor to the acqpisidon.
<br /> �'. .. 6.OccupAncy,I'eeservatdan,Mainten�nce and Protectbn of the Property; @orrower's g.atm Appllcatlon;Leasehokls. __
<br /> �"'�� �:-�,��}� Borrower shall aecupy.establish,and usc ths Propr.rty as Borrower's ptineipal resldence within sixty d�ys after the eAecuflor�of
<br /> � , '`� � - this 5ecudty Instn�ment and shall continue t�occupy the Property as Sarrower's principal rosid�arna for nt le�t one year nttcr tha
<br /> �r�',, . � . date of occupancy, unless I.ender otherw3se agrees in writing, wbich conscn¢sliatl not be unrefasonably withheld,or unlass
<br /> as
<br /> ���''�'' '""".,, eatcrivadng cIrcumstances exist which aze beyond Borrowcr's control.BQnowcr shail nut destroy,dumage or impair the Praperty,
<br /> `i,-;.,r. �-•`; allow the Property u� deteriomta, or cammit waste on the Property. �orrower shall be in default if any forfeiwze nction or
<br /> ���' �' t`� ' proccxdina.wheQher civll or crlminal.is 6eRUn that in Lcnder's R�faith judBment cuuld�+esult an forfeiwre of tha Properiy or
<br /> _?;::�;,�:.F <<'� otherwists tnatetL�tlly impair the Uen careated by this SecurIty Instrument or Lcr+dcr's se�curity inte�est Dorrowu may cure such�►
<br /> :;�r�t��4.R ; dofaWt�and reinstaW, es prnvidcd in parngraph 18.by causing the acdon or�roceecling to be dlamissed with a n�ling that, u�
<br /> �_��;,,���f,� Ixndcr s goocl faith dete�minntion,precludes forfeiture of ahe Horrowe�s interest in tha Property or o�her muterinl impPanncnt uf
<br /> �, the lien created by this SecurIry I�strument or Lender's securtty interesG 8orrower ahall elso be in defeult lf Bormwes,d�ring ihe
<br /> -'��'�� loan application pror,css,gava matertally false or inaccurate lnfonnaflon or statements W Lender(or faileci to providt I.ender with
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<br /> �=�T�,a`sy►�p any msta�iel infannadon) in connection with the loan evidenced by the Note, tncluding, but nat Wnited to.r�eprescntauic�ns
<br /> _ __,:;,fe,� cor�ceming Borrower's occupancy of the P'roperty as a principal residence.If this SecurIty Instrument!s on e te,asshold,Borrower i
<br /> --.=;;;��, shall comply with all the pmv�.sians of the lease.If Sorr.tirer a�qulres fee tide to the Prope,rty.the teasehold and tha fee title shall
<br /> - ---ry-� not mcrge unlcss I.enckr agrees ta the mergcr tn writing.
<br /> - �— 7.ProtecNon ot Lender's�tg6ts in the d'roperty. IF Borrower falls w perform the coven2nts and Hgrcements oontained in
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