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<br /> -�a;;:;;' S. Hazard ar Property Insu�ranc�. 8orrowcr shall kcep thc impravcments now existing on c�rcaftcr crected on the
<br /> �="�-M��'� Propeny insured against loss by fire. huzards inciuded within the term "extended coveruge" i►nd tmy other hu�.nrds, inciuding
<br /> ��,��: floods��r flocxling, for which Lender requires i�zsurunce.This insurunce shnU be muintuincd in the lunounts nnd fur d�e periods
<br /> ,-i�� that I.cndcr rcquires. Thc insurancc carricr praviding Uic insuruncc shall bc chosr.n by Borrowcr subJ�tt ¢o Lendcr's appr�vnl
<br />—i,� tivhich shall not he unre,imnnhly �vithh�ld. If'Nnrrr,wer fnils u� maintain covernge deticriheQ ubovc. Lender��my, ut L.ender's L
<br /> option,obtain coverage to protect I.ender's rights in the Property in�ecordance with paragrnph 7.
<br />'"-_"'°'�� All insunuue policies and renewals shall be urceptuble ti► l,ender and shall include u stunJurd mortgage clnuse. l.ender
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<br /> � shnll huve the right to hi�ld the policics and renewals. If Lendcr requires,Barrower shnll promptly givc to Lcndcr all reccipis of
<br /> .,�;� puid premiums and renewal notices. In the event of loss.Borrower shall give pr�mpt notice to the insur�nce currier and L.ender.
<br /> ,-,., L,ender may make proof of loss if not made promptly by Boirower.
<br /> ��`�1` Unlcss l.cndcr�nd Borrower othcnvise n�ree in writing,insurance pmcceds shall be appliecf to restoratian or repair of the
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<br /> -;x1, Property dmnagi:d,if the restoration or repair is economically feuslble and Lender's securiry is not Iessened.If the restorntion or
<br />_'��'�� repair is not economically feasible ar Lender's security would b� Iessened,the insuranee proceeds shall be applied to the sums
<br /> =� � sccurc;d by this Security Instrument. whethcr ar not then duc, with any excess paid to Borrower. If Borrower abandons the
<br />-=__.� Property, or dces not answer widiin 30 dAys a natice f'rom Lender that the insurance carrier hus affered to settle u claim. then
<br /> _--_ Lender may collect the insurance pmceeds. l.e�ider may use the procecds to repair or restore the Property or to pay sums
<br /> �---'� secured by this 5ecuriry Instrument, whether or not then due. The 30-day period will begin when the notice is given.
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<br />_�.v�.�+ Unless I..ender ui�d Burrower uQierwise ugi�ec: in �n�iting, any application af procccds to principal shaQ not extend or _
<br /> =`--'�.��� postpone the due date of thc manthly payments referrcd to in paragraphs l and 2 or change the nrnount of the paymcnts.If
<br /> �`�� under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance policies und proaeds resulting from
<br />���s damage to the Prapeny prior.o the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> ,,;.� immediately prior ro thc acquisition.
<br /> -�="��� 6.Occupnncy,Preservation,Mufntenance and ProtecNon of the Property; Borrower's Loun Appllcation; Leasehulds.
<br /> �k�;�� Barrower shall occupy,establish,and use the Property as Bonower's principal residence within sixty days afler the executian of
<br />=�=-�� this Sr,curity Instrument and shall continue to occupy the Property as Borrower's principal residence for at Ieast one year after _
<br /> ���� tha date of occupancy, unless Lender othenvise agrees in writing, which consent shall not tx;unreasonably withheld, or unless =
<br /> - extenuating circumstances exist which are beyond Rorrower's wntrol. Bonower shall not destroy, damage or impair the
<br /> ��� Property, allo�v the Propeny to deteriorate, or commit wastc on the Property. Bonower shal! be in dcfault if any forfeiturc
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<br /> --� Property or othcrwise materially impair thc lien crcatcd by this Security Instrument or L.endcr's security intere5t.Borrawer may
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