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<br /> �7°- �U�A��`7 �:
<br /> S. Iiazerd or Ycoperty Ineurance. Borrower ehall keep the improvemenzs now exiot�ng or hereat cr erected on `
<br /> . the Property ineured ugeinst loss by fire.hazarda included Nithin the term "extended coveraga" end any other hezarde, �
<br /> includin� flaode or flooding,for�vhich I.ender requires insurance.Thie insurance ahall ba maintained in tha amounte , °1?
<br /> and tor the periods that I.ender requires.l'he inauranca carrier providin$the insurance shall be chosen by Borrower .
<br /> auUject to I,ender's approval which ehell not be unreesonably withheld.If Borrower faile to maintein covarago described , _ jL
<br /> above, Lender may, at l,ender's option. obtain coverege ta protect Lender's righta in the Prop�:rty in accordance with
<br /> paragraph 7.
<br /> All insurance policies and renewals ehall be accepusbla to Lender and shall include e etandard mvrtgage clause. ,
<br /> � , ' Lender �hall have the right to hold the policies and renewals. If Lender req�uires, Horrower ehall promptly giva to
<br /> Lender all receipts of peid premiuma and renawal notices.In the event of loss,Borcower ehall give prompt notice to tha __
<br /> inaurance carrier and Lender.L.ender may make proof of loss iP not made promptly by Borrower.
<br /> - Unlesa Lcnder nnd Rottower otherwise ngree in writing,inaurance proceede ehall be applied to restoration ar repair , .�,
<br /> ' of tha Property damaged,if the restoration or repair ia economically feasible and Lender's security is not lessened.It the �:z v, �
<br /> restoration or repair ie not economically teasible or Lender's eecurity would be leasened,the insuranae proceeds shall ba . :��,a �;�_�
<br /> applied to the suma secured by this Security Inatrument,whether o:not then due, with any excess paid to Borrower.IP • .�-:-___
<br /> Bonower abandona the Property,or does not nnswer within 30 days a notice from Lender that the insurance carrier hae ,����_
<br /> offered to settle a claim, then L en der may co l lec t t he insurance p r o c e e d s. L e nder ma y use the proceeds to repair or '=�,��r_,;'=-
<br /> restore the Property or to pay eums secured by this Security Instrument,whether or not then due.The 3o-day period will -
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<br /> begin when*.he notice ie gi ven. " -____ ___
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeda to principal shall not extend or ____
<br /> poatpone the due date of the monthly payments refened to in paragrapha 1 and 2 or change the amount of the payments. } _ _
<br /> If under paragraph 21 the Property ie acquired by Lender, Bonawer's right to eny inaurance policies and proceeda , �`
<br /> , resulting from damaga to the Property prior to the acquiaition shnll pass to Lender to the extent af the su�s secured by t� �,.�_�
<br /> this Security Instrumentirnmediatelypnor ta the acquisition. 4`�'"'���
<br /> 6.Occupancy. Preservation.Maintenance and Pratection of tho Property;Borrower's Loia Applicetioa;
<br /> � Leaseholds.Borrower ehall occupy,establieh,and usa the Property ae Borrower's principal residence within eixty days :'f",fi'r,��;
<br /> after the execution oP thne Security Inatrument and shall continue to occupy the Property ae Bonower'a principal ��.,�, . ,, .
<br /> � residence for at least one year after the dnte of occupancy,unless I.ender otherwise agrees in writing,which consent ehall ,�.;. . .
<br /> . � not bs unreasonably withheld.or unless extenuating circumstances exist which are bayond Borrower's control.Horrowet � 1' � �
<br /> Rhall not destroy,damage or impair the Property, allow the Property to detariorate,or commit wasta on the Proparty. ,, '
<br /> - -- -- BazrQaer shall !�in d?Pa�►it if any forfeiture action or proceeding,whether civil or criminal,is begun that in Lender's s ;
<br /> � � . . good faith judgment could result in torteiture of tha Property or otherwise materially impair tha jien creaied'oy ii►is ::_�
<br /> � Security Instrument or Lender'e security interest. Borrower may cure such a default and reinatate,ae provided in
<br /> � ,: paragraph 18, by causing the action or proceeding to be dismissed Nith a ruling tbqt, in I.Pnder's good faith �'�� .
<br /> ± doterminetion,precludes forfeiture ot the Bonower'e interest in the Property or other materinl impairrr�ent of the lien � ;
<br /> created by this Security Instrument or I.ender's security interest.Borrower shell also be in dafsult if Bonower,during r _
<br /> tha loan application process, gave maxerielly falsa or inaccurata information or statemente to Le�tdar (or failed to `�� _
<br /> provida Lender with any materiol intormation) in connxtion with the loan evidenced by tho Note,including,but not �
<br /> limited ta, representationa concerning Borrower's occupancy of the Pcoperty as a principal tesidence.Lf thie Security ' -
<br />' Inatrument ia on a leasehold,Eorcower shall wmply with all the provisiona of tha lease.If Borrower acquirts fee titla to
<br /> tho Property,the leasehold end the fce title ehall not merga unless I.ender agrees to tha merger in writing. -
<br /> 7.Protection of Lender's Rlghts in tite Property. If Barrower fails ta pertorm the wvenants and agraem�nte
<br /> z,�.- ,•�� contained in thie Security Instruaaent,or there is a legal proceeding that may eignificantly a4fect Lender's righte in the ��'�`"
<br />- � "' Property (such ea s proceeding in bankruptcy, probate, for condemnation or forieituta or to eniorce Inae or =
<br /> � �"'` , re�uletiona),thea L,ender may do end pay for whatever ie necessary to protect the valua of the Property attd Lender's _
<br />-u�`-`"' " � • rights in the Property.Lender'e actiona may include paying any eume secured by a lien which heb pnority over this
<br />_ .� ' Security Instrument,appearing in coutt,paying reasonable attorneys'fees and entenng on the Property to make repaire.
<br />" Although I.ender may take action under thie paragraph 7,Lender docs not have to do so.
<br /> - ' Any emounta diebursed by Lender under this paragraph 7 ehall become additional debt of Borrower secured by this ---- �
<br /> � .- Security Instrumenc.Unlesy I3u�•,oa�cr and Lender agree:c at?:er terms of payrnPnt,th�e amounts shall bear interest ���=�__�
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