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<br /> S.HAZard or Property Insurs�nce. Borrower shnll kecp thc impravemcnts now cxisdng on c�rcaftcr crectcd on thc Property
<br /> . insured against loss by Cuo, ha�.ards includcd withln iha t�crm "extended covcrago” and any othcr hazards,insluding llaods or „
<br /> � floading,for�vhich[,ender require9 ins��rnncc. 'Ihis insumnce shall be mnintttined in the nmounts and for the perlods ti�nt l.eader
<br /> , � requires.'Ihe insurance cturier prc►viding tho insurance shall be chosen by Borrower s�+bject to Lender's approval which shall nqt „
<br /> be unrcasonably withheld. If Honowcr faiLs to maintalr► cavcragc dcscdbed abovc, l.endcr may. ut Lendcr's option, obtain
<br /> ,��-_ coverage w protect L.cnder's rights in the Property in accordance with paragraph 7.
<br /> • • � Alllnsurance policles und renewals shaU be ecceptable tu Lender and shall include a standard mortgage clause.l.ender shall
<br /> have the dght to hold the policles and renewals.If Lender mquires,Borrower shall prompdy give to Lendar atl receipts of paid
<br /> premiums and renewnl notices.In the event of loss.Horrower shall give prompt nodce ui tho insurance cerrier end Lender.L.ender . -
<br /> may make proof of loss if not made prompdy by Boirowcr. ='-=
<br /> Unless Lender and Borrower otherwise agcee in writing,lnsurance proceeds shall be applled to restoradon or repair of the `'�'"Y=_
<br /> praperty damagcd,if tha restoradon or repalr is economically feasible und Lender's security Is noi lesse„�ed.If the restoration or . "���,;,
<br /> repair is not economically feasible or L.endcr's security would be lessened,tho insurance procceds shall be applied co the sums > :-'=�,��
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<br /> socured by this Security Instrument, whethec or nat tben dua. with any excess paid to Bocrower. If Bonower abandons the ,•_?�`_�-
<br /> Property.or does not answer within 30 days a nodce from Lendei that the insurance carrier hag offered to settle a cluim,then ;;=�_
<br /> Lcnckr may collect ihe ir►surence piacc�ds.l.ander may use ths proceeds w regafr or restore the Property�r to pay sums secured �;�n,'__�-
<br /> by this Scctvity Instrument,whether or not U�en due.The 30-day perlod will begin when the nodce is given. ,Y,,,;;�-
<br /> Unless Lea�dcr and Borrower oUterwise ap�ce in writinn8,anY aPPlicntion of pcoceeds to principal shaU not extend or postpone '°"
<br /> the due date of thc monthly payments refeRCd w in paragraphs 1 and 2 oa change the amount of the payments.If undea paragcaph
<br /> 21 the Frepc^aty is acquired by Lend�r, Borrower's right to any insarance pollcies end proceeds cesuldng from damaQe W the �:`-=_`—
<br /> Property prior to the acquisition shall pass w I.ender no the eatent of the sums secured by this Security Instrumant immediately �,.�;;:;�:;.—
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<br /> prior ur ohe acquisivan. �,i�,��;---
<br /> � 6.OccupAncy�Preservation,Mpintenance and Pratectan ot the Praperty; Borrnwer's Loan Applkatipn;I.ease4olds. ��`��
<br /> Borrowet shall occupy.establlsh.and use the Property as Borrower's principal residence within sixty days efter the exesudon of E':'�-
<br /> this Security Tnswmeat and shall contInue w ocr.u�py the Property as Borrower's principal re,ridence for at least one year after the __.
<br /> '�� dato oi occupancy. untcss Lencier oth�wlse egr.,as :� weiti�g, Nhlch con..�nt shA!! noi b� unreasonably withheld.or unless �_ --- --
<br /> .. . C�{GIUAW��MLL�rYI���VAL���ictt:ss�;�nd �:�:�*•g i'nni*ol.R�►mwPr�hall not dest�oy,damagc nr impaie the Protxrt5►. ��:�._:� .
<br /> allow the Peoperty to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeiWre acdon or ---
<br /> ' pt,oceeding.whether civil or cciminal,is boBun that in Lender's good faith Judgment could result in forfeiwrc of the Propesty or
<br /> �rise rnaterially impair the lien created by this Security�nsuument or Lender's securiry int�uest Burrower may cura such a
<br />- • • default and reinstato, as provided in para�aph 18,by causing the acdon or proceoding to be dlsmissed with a culing that,in
<br /> ` . Lender's good faith detuminarion.precludes forEciwre of the Sotrower's interest in the P'POperty or other material impaimient of _
<br />-�:�, ,�, the lien crc,ated by this Securlry Instrument or I.ender's security interes�Borrower ahall also be in default if Borrowu.during the —
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