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<br /> � ' , � � 5. Ha�ard or Froperty Iasuraace. Borrower s1wU keep the imprnvemeats now eaisting or reafter erected on the ,
<br /> . ,.'�.,`' Prupzrty insureQ against loss by fire.harards imluded within the tem� "extended coverage" and any ather hazards. inciuding � -
<br />... 4•' ``F.: ` . ftaods or ttooding,for wirich Lender requires insurance.This insurance sha116e maintairted in the amo�enu and for the periods .,
<br /> - - - i�i f,auirr raluucs.'Ftic imvrancc cazria providing drte imvran�sbaii oe chvsen by Sorrower suoject fo F.ender's approv�aj r - �
<br /> < < _ �,;•, :`� which shall not be unreasonably withheld. If Borrower fails to maintain coverage dacribe�a6ove. Lertder may,at I.ender's ` � . ��z°k�
<br />" �� ` F.'`.° . opaan.obtain wverage ta protect Ixnder s rights in the Property in accordance with patagr�ph 7. " ' ;'•. .
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<br /> .. • �.�__ AU insurance policies and renewals shall be acc�ptable to Lender and shall include a standaM rnortgage clause. Lender ,
<br /> _ � � .�_t shall have the right to[�old the poiicies and renewals.If L.ender requires,Borrower shali promptly give to Lznder ap receipss af _ ' _
<br /> � . paid premiums and renewal notices.In the event of loss,Borrower stiall give prompt notice to the insurance carrier and Lender. ,:, ,�F.:�
<br /> ,
<br /> � . - " Lex►der may make proof of loss if not made promptly by Borrower. ' -
<br /> "� `- ,� Unless i.endea and Borrower otherwise agree in tvriting,ins�r-ance proceeds shall be applied to restosation or repair of the ;� ;_:. ; : ,
<br /> },.:: , . .- Properly dam�aged.if the restoration or repair is eooaamicaUy feasible and Lendei s secvrity is not lessened.If ths restoration or _ --y�
<br /> ° , ` �4�`�_ repair is not economicaily Feasible or Lender's secarity woald be tessened,the insurance proceeds shall be applied to the svmq ' - __
<br /> ,. `'.. secured by this Security Instrument, whether os not then due. with any exoess paid to Borrower. If Borrower abazidnns the • -_-�_..
<br /> � �� Property.or does not answer witisin 30 days a notice from Lender that the.insurauce carrier has offered w settle a etaim,then ��"l-
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<br /> � • ' Le¢der may wllect the insurance proceeds. Lender may use the proce�ds to repair or nswre the Properry or to pay swns ' � ,---
<br />:` ` y. } --:�.��:��:.,. secured by this Security Instrument,whether or aot then due.The 30-day period wi0 begin when the notice is given. , ��t', �
<br />,N�L. �, •:,�` '''•J Ualess Ixnder and Borrower otherwise agree in writing, any'application of proceeAs to principai shall not eatend or , ' '`' ^
<br />__ ' � _ _ postpone the d�e date of the mom6ly payments referred [o in paragraphs 1 asid 2 or change the amoant of thc payments. If
<br />. _ under paragreph 21 the Property is acquired by I.ender,Borrower's right to any insurance policies and procceds resuIting from _ --
<br /> �;; ,�, •t.. ' " damage to the Property prior to the acquisition shall pass to Lender to the eatent of the sums secured by this Security Insqument ;
<br /> `' � .-' . .. r',r immediately prior to the acquisition. u.:��...-_
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<br /> . —T';:r_ 6.Oacapascy,Preservattan:Mainteaanoe and ProtecNon of the 1'roperty;Borrowe�s Loan App�fcat�on;Leasehnlds. _----
<br /> � . . Borrower shall accupy,establish.and use the Froperty as Borrower's principal residence within siicty Qays after the execudon of , s _
<br /> - � ,`'-'« '�`'` this Securi lnstrument and shall conanue to occu the Pro e as�orrower's rinci al residence for at least one ear after .� �"
<br /> , . ,.',,. t!+ PY P i'�Y P P Y ".:;�-�._�_�:;:
<br /> `�'',��. , ;.;•.:�� the date of occupancy,untess Lender otheTwise agrees in writing.which consent shall not be unreasonably withheld, or unless ;� ��:;n_
<br /> :;Y... . ..`�;`.; �ct +a'ng circumstances exist wlrich are 6eyond Borrower's control. Borrower shall aot desuoy. damage or impair the _
<br /> � • .-- - �' '� Property. allow the Properry to deteriorate. or commit wazte on the Propetty. Borrower shaU be in default if any forfeittue ° _
<br /> � �:•::r.,,�<.'_, adion or procceding, whether civil or criminal,is begun that in Lender's good faith judgment coutd result in forfeiture of the • ______
<br /> t ` .� Property or otherwise materialty impair the lien createA by chis Security Instrument or Lender's security imee�est.Borrower may � � --=:
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<br /> ' •., cure such a default and reinstate.as provided in paragraph 18,by causing the action or praceeding to be dismissed with a ruling �,�}#�
<br /> • .'• �. ' � that. in Lender's good faith detesmination, precludes farfeinsre of the Borrower's interest in'the Property or other material :�-�,�;- -__
<br /> ;�, �� � impairment of the lien created by this Security Instrument or Lender s security interest. Bonower shall also be in defautt if ', :��
<br /> ` • � � �, Borrower,during the loan appliratian process.gave materially false or inaccurate infonnatioa or statea�ents to Lender(or faited ---_
<br /> �-�.' :•..� .. to provide Lender with any material infom�ation)in connrccion with the loan evidenced by the Note,inciuding,but not limited ::.. . —
<br /> :f' � �: ' to,representations canceming Boaower s accupancy of the Property as a principat residence.If this Securiry Instniment Is on a "•'- _
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<br /> '�� . �� "� �� " leasehold, Bonower shall comply with all the provisions of the lease. If Boaower acquires fee title to the Property, the - � � ��, _
<br /> � • • leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. `•�•�-
<br /> � . • 7.Protectton of i.ender's Riights in the Property.If Borrower fails to perform the covenants and agreements contained in • �r�"
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<br /> this Seewity Instrument,or there is a legal proceeding that may significantly affect Lender's ri�hts in the Property(such as a • `-
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<br /> •• pmceeding in bankruptcy,pro�ate,for condemnation or forfeiture or to enforce laws or rewlations),then Lender may do and � '�%�•` �'
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<br /> �' � •• • pay for whatever is necessary co protect the valae of the Property and Lender's righu in the Property. I.ender's actions may •.`'��' • "
<br /> • inctude paying any sums secured by a lien whicb has priority aver this Security (nstrument. ap�earing in court, paying -"�': �=�-
<br /> �;: �� . - --
<br /> , •� • reasnnable attomeys'fees and entering on the Property to make repairs. Atthough Lender may take E..^tion under this para$raph . ' `,;,,,_�
<br /> � 7,I.ender does not have to do so. ' y � �
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