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<br /> � � . 5. Ha�rd or Prog�rty Inswrance. Boaower shall keep the impmvements now exisang ar hereafter e oa the ; �.,,,
<br /> ` :� Property imvred against Ioss by fire,hazards included within the teffi °eatended coveiage'and anq other ha�trds.inclIIding �_ ; . _
<br /> . -.; floods or flooding, for which Lender raquir�s insuiance.Tlus insuiance shall be main�ined in the amoants and for the pedads �
<br /> �� '=°�i� that Lender iequires.The ins�uance carrier pmvidag the insarance shaU be chosen by Borrower sub}ect to L.ender's appnrval _
<br />_ . -- -- . which shatl noi be nnreasonablp withhetd. If Bouower fails ta maintain oaverage descn'bed above. I.ender may, ai Lender's -_ -< -z::= --`
<br /> � . option,obtaia coverage to protect Lender's rights in the Propezty in accordance with paiagcaph 7.
<br /> ,. ; All insn*a�policies and renewals sball.be acceptable w L.ender and shari inchide a standaN mortgage clanse. Lender
<br /> � • shaIl have the right w hold the polictes and renewaLs.If Lender nqnites,Boimwer sl�all pmmpdy g'rve to Lender all receipts of = -. ��.s,
<br /> �F gaid piemiuras aad zenewal notices.In the event of toss,Bonower shal!give promgt noiice to d�ins�_*p��rar�er and Lxnder. ���.<_: , : .
<br /> iem �
<br /> ' Lender may make pmof of loss if not made promptly by Bormwer. � �. V,r�';
<br /> '. '. Unless Lender and Boaower otherwise agree in writing,�pmceeds shail be applied to�stoiatiwn or repai�r of the , ., .�,� .
<br /> ':` < < �P�9�5�.if the�estaiati�on or repair is econnmically fie�'ble and Lender's secatity is not lessened.If the restoration or �' -
<br /> ' . repair is nnt ecannmically f�le or Lender's security woWd 6e Iessened,the insorance pi+nceeds shall be applied to the sums `�' R���
<br /> � secured by tbis Secarity Instcument, whether ar not then dne. with any excess paid to Borrower. If Borrower abandnns the `� ` - -_
<br /> • ��: ._.
<br />��` �' ProPertY, ar dnes not answet within 30 days a nntice�om Lendes that tlie insviaace cariier has offered m settle a claim,then Y �-�
<br /> Lender may collecx the inSUtance pcoceeds. Lender may ase the pmceeds w repair or reswre the Property or to pay sums —
<br /> ' � `• sewrec�by this Secnrity Instrament.wheWer or nnt then due.l7�e 30-day period will begin when the notice is given. .,. ,�--:.
<br /> .}� { Unless Lender and Bormwer otherwise agiee in writinS, anY aPPlicarion of pm�eeds ta pzincipal shall not extend or . �;,f`•._—y
<br /> _ _ "::`:� postpone the dne date of the monthl9 payments refernd to in patagrdpiLS 1 and 2 or change the amount of the payments.If under � , :�-;,'°--
<br /> �?: Patagrapfl 21 the �raperty is acquired by Lender, Borrower's right to an}r insurance policies and graceeds r�lting fmm ' =
<br /> s.J. � � , damage io the Propetty priar ta the acqaisition shall pass w Lender ta the extent of the sams secared by tLis Secority Insumneat .t � �._
<br /> . imm iarPl IIOZ t0 th6 SCQI11S1�OII. `���'�
<br /> : ��� Y P �'" <,��:
<br />--` '• ' • 6.Occ�pancy,Preservatioa,Mairetenance and Prote�on of the Fro eity,�orrowei's Loaa!� UcatFon,I.eas�olds. . � *,:"'-:�
<br /> � • Borrower shall oaa�py,establish,aud ase the Property as Borrower's principal residence within sixty days after the execatioa of _ �,.. '-�"•:``�--
<br /> .:{' . < ,,'`�'�.
<br /> '' this Securiry Insavment and s6all confiffie to occapy the Pmpeny as Bomower's principal residence for ac least one year after - � , °'`
<br />�.�t� '::.:�,.-.
<br /> .. ti�date oFoccQpancq,anless Lender otheiwise agree.s in writing,whicb consent shali not be�reasanably withhetd,or unless . ` '•¢ :;
<br /> � ;: . .
<br /> . �( eatemrating circ�stances exist which are beyond Hoaower's control. Boaower shall not desGroy, damage or impair the +, . .. it,��_.
<br /> :.� ... t PraPertq, altow the Pmperty w deteriorate,or cammit waste on the Propertp. Borrawer s2�a11 be in defanit if any forfeitare � '�;;:�;=
<br /> , . , aaion or pmoeeding,whether civil or criminal,is began that in Lender's gaad faith judgment caWd resali in forfeiwre of the � `� ;�
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<br /> '��� Proporty or othe�vvise materiallp impair the lien created by this Secvtity Insunment or Lender's secority interest.Borrower may . . ; �-
<br /> ' aue snch a defanit and reinstate,as provided in paragraph 18.by causing the actioa or proceeding w 6e dismissed witb a raling : .`•:;�"'-
<br /> that, in Leader's good faith dete�rtination, p�ecludes farfeiuue of the Boaawer's iuterest iu the Praperty or other mater�al � . �'"�
<br /> . ' � impaiffient of the lien created 6y this Security Insmrment or Lender's setarity interest. Bo�rower sball atso be in defanit if �' �`-�'
<br /> ,�._..
<br /> •.. Boaower.daring the loan appl�cadon pmcess,gave materially false or inacc�rate infoimadon oz statements to Lender(or fa�ed . �:"::��;:
<br /> � � to provide L,ender with any material informadon)in counection with the loan evidenced by the Note,including,but not limited • " `•';`
<br /> . to.representadons cancerning Borrower's occupancy of the Property as a principal residence.If this Security Instrument is on a . . . ��`�:�'
<br /> • . • leasehold. Borrower shall comply with all the prov�sions of the lease. If Borrower acqulres fee tide to the Pcoperty. the ' . -��'�
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