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<br /> S. Huzurd nr Pruperty L�surtuice. �orrowcr shull keep thc imprrn�cmcnts nuu• cxi,ting on c�reuRer crectcd nn thc
<br /> Property insurcd against loss by fire, haanrds includcd within thc tcrm "cxtcnded rovcragc" und any nther ha�:�rds, inrluding
<br /> floods or tlonding, for�vhich I..cndcr rcquires insur:mcc. This inrurancc tihuU bc mninuiincd in the nmounts and for dic periods
<br /> _`e� that Lcndcr rcquires. Tlte insuruncc cnrrier praviding the insurunce shull be chuticn by Hurruwer ,ukiject tu l.cndcr'ti upprovul
<br /> which tiliull nut be unreasc�nably withheld. If Borrower fuils to mninusin covera�;e dcscribed uhuac, Lcude� may, at Lender's
<br /> � option, c�btain covcrage to protcct Lendcr's rights in thc E'raperty in uccordiuuc�vith parugraph 7. `
<br />_ _ All insurance pnlicies and renewals shall be acceptable to Lender imd shall inrlude a suindard mortguge cla�tse. [.ender
<br /> — sha�ll huvc thc right to hold thc policics and renewals. If I.endcr requires,Borrower shall promptly givc to Lcnder all reccipts of
<br /> paid prenilums and renewal notices.In the event of loss,Horrawer shnll give prompt n�tice ta the insurance carrier und Lender.
<br /> _; l.ender mny make prouf�f loss if not made prompdy by Borrower.
<br /> Unless Lender und Horrower othenvise agree in writing, insurance procecds shtdl be applied to restorutiun or repair of the
<br /> ,�a Property dumag�d, if the restoration or repair is econamicalty fe.asible and l.ender's security is uot Icssened. If the restorntion o� -
<br />,"4 repair is not economically feasible or Lender's security would be lessene�i, the insurance proceeds shall be Applied to the sums
<br />..:�,� secured by this Scc�irity Instrument, whether or not then duc, with nny cxcess paid to Borro�vcr. I f Horro�ver nbandons the
<br />'='�' Property,or docs not unswer within 30 days a notice from Lcnder thut the insurance currier has offercd to settle a claim, then
<br /> -=v Lender may ecrAl�t the insurance procceds. I.ender may use the proceeds to repair or restore the Property or to pay sums
<br /> = secured by this Sa:urity Instrument,whether or not then due.The 30-day period wiU begin when the notice is given.
<br /> - Unlcss Ls:rtder and �orroa•er othenvise agree in writing, any application of procecds to principal shalt not extend or
<br />- postpone the due ct:3t�of tlr: n�r,�thly payments referred to in paragraphs 1 and 2 or chunge the nmount af the Faymcnts. If
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