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<br /> � S. Hazard or P��operty Insurance. Borr�wer shall keep tlie improveraen�s naw existing or here��fter erected on tt�e
<br /> ' . Property ic�sured a�ainst loss by fire,bazards included witlilu the term "�accieded coverage" snd any od�er hnu�nls. including
<br /> floods or flaoding, for which Lencter requireg(nsurance.This i�L�urance hhall he maintained in the amounta nnd for tlie pedods
<br /> " � ' thut Leuder require9. ll�e insurance canier��ruvi�lins ehe insurauce �l�all b�ctiosen by Borrawer suhject to l.ender's approvnl
<br /> � �l w�ch sUall not be un�exsonably witl�held. If Bonower fails to maintain coverage desc►�ib�l above, l.ender may, at Lender's ,.
<br /> aption,obtain coverage to protect I�i�der's ri�k�Gs in the Propeny in accarda�ice with paragraph 7.
<br /> I �M�� All lnsunlnce pollcles and renewals sl�all be acceputble ta Lender nud shall tuclude a sG3ndard mon�age cluusa. LenJer
<br /> shal!have the rigUt to hold the palicies and renewals. If Leuder require9,Hanower shall promptly give to[.eader ell recei�ts of
<br /> � '„ �' paid premiums and renewal nodces. In the event af loss,Horrower s&all give prompt nodce to the iasurance carrier and Lender.
<br /> ' �'. Leuder may tuttllce proof of loss if not made promptly by Bonower. `.,
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<br /> ��, Unless Lendsr and Bonower othenvlse agre�in wridng,insvrt�ce proceeds shall be applied w restoradon or repair of the ;,,�;,_:.
<br /> � .'� Yroperry damaged,if the restoradon or repnir is economIcxlly feasible and Lender's securiry is not lessened.1f the restorndon or :-;�;=:z_=
<br /> . '.t: repair is not economically feasible or Lender's security wauld be lessened, the tns�.u2nce pxoceeds ssall b�ap�^»ied to the sums ;„`,:;,�.
<br /> �� securecl by this Securiry Insuument, whetber or not then due, with any excess�:i� to �arca�oti�r. Dff BQrsv��var t�bando3zs ehe �,� ,.
<br /> ' "� Property, or does not answer within 30 days a nodce from Lender thzt the insuni:�oe cani�x�:�s ofliered eo set3�.a clAi�n, ehe�n �,����t •
<br /> ..� Lender muy wllect the ins�rance proceecls. Lender niay use the proceeds to repair or restom the Property or to pay sums t��;:,.;�-:��
<br /> �Pn�' whethcr or nM then due.The 30-day period will begin wh�n Qie uotice Is vea �`�;`''s'."
<br /> securetl by this Securlty Instiument. b'� �j.`..`;;-,_
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<br />-. , ...;� � licadon of roceeds to rinci al s�.�l' not extend or :.,,;;,;-„
<br /> � Unless Lender and �orrower otherw3se agtee in wridng, anY APP P P P �,
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<br />. postpone the ctue dace of the monthly payments relFerred to in paragraphs 1 nnd 2 or change the amount of tli��z}�ents.If under „t,.;.
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<br /> -.;.,.:•'.:.'� � paragraph 21 the Property Is acquiceci by Lender, Borrower's riglit to any iusurance pollcies and �roceeds resuldng from --
<br /> � • damage to the Pruperty prtor to the acquisidon sh��ill pass to Lender W the extent of the sums secured by this Security Instrumeni �;
<br />.°-;.`�" ,r., immedIatel y prlor w tha acquisldon. °,
<br />""'�� 'f ' 6.Occupancy�Preservatlon,Main#enance and Protectton of the Property,Borrower's Loan App l ica t loni I.e a s e ho l d s. _.
<br /> �""�''''�74'�'- Bonower sball occupy,establish,and use the Property as Boaower's principal residence within sixty days after ahe execution of �
<br />`�'•'•�';'�•`�`� thie Security Insuument and s1iaU condnue to occupy the Propexty as Borrow�r's principal residence far at least one year after —
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<br />;n:-r . � � • the date of occupanay,unless Lender otherwise agcees in wridu8,wluch consent shall not be unreasonably witlil�eld,or untess
<br />�':4.�-',_�.t::� extenuad»fi circumstances eaist which are beyond Borrower's control. Borrower sl�all not destroy, damage or impair the
<br /> _::.�•.�•� fi�rcuwci �tidli ue: in tte.�ult if:ss;f�Tf�iiur�
<br />:`s����i��r;�, ' Paoperty, aUow the Pmperty to detsriorate, or contmit waste on tae Propcny _ _
<br /> .� <,��,:,�;� acdon or ptoceeding, whether civil or ctimu�al, is begun that in Lender's good fnith judguaent could result in forfelture of the ,_
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<br /> _s•4,,,�,;��{,' , Pmperty or otherwise matcrislly impair the lien created by thie Securlty Iusuunient or L,ender s security iuterest.Bonower may
<br /> cure such a default an�d ze:instate,as provided in psuagrt►Ph 18,by causing the acdon or proceeding to t►e die�missed with a ruling
<br />�����x.,�;.,� that, In Lender's good faith determination, precludes forfelture of the Bunower's intcrest in die Property or other materia!
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