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20120529� All in�attee policies r�uired by Lender and renewals af such policies shal! he sabject to Lender's ri�ht to disapprove such go&cies, shall include a staadazd mortgage clause, and sha11 name Lender as mostgagee and/or as an additiomal toss paycx. Lender shall bave thc right to hotd the policies aad reaeoval certi6cates. If Leuder requires, Borrower s6all promptly giee to Lender alI receiptR of paid premiums and renewal notices. if Borrawer obtains a�uy form oFinsma.nce cov�rnge, aot otherwise required by E.eader, for damagc to, or desmiction of, the Propetiy, such policy shall iuclude a stundard mortgage clause aad shaII name Lender us mortgagee aacUor as an addidoasl lc� paye�. In the event of lo�, 8ocrower shall give prompt ,�tica ta tbe �n�.m�ce eacrier and Lender. Lettder tnay make proof of loss if pat made pmmpkly by Bo�rower. Uniess Lender and Barrower atherwiae agree in writing, any insutance pr�ceds. w�ether or not the undcrlying iasuraace was requincl by Lender, shall be applied to restoration or repair of the P'roperty, if the resloretion or repair is economica.Uy feasible and Lvader's secwity is nut lesscned. During such repair and n�toration pr,riod, Lender shafl havc the right to hold such insu�auce procec�is until Lend�r 6as ku►d an oppariunity to ins�,►►ect such Pmp�rty to ensure the work hus been completcd to Lender's sntisti�tion, provided tlxat such iospe�tion si�ali be undert�tcea promptty. Len:cier may disbun3n p�cc�eJs for lhe rc�airs uud resluralion in a single payment nr in a�eries of pre�gres�s peymants asz tlte wvrk is cumplet�d, i}nle�s nn a�menl i� mede in writing or Applicable I.aw requires inter�t co be paid on such insutance proceeds, L�ndex shall aot he res�uired to pay Borrawer any interest vr earnings on such proceeds. Fe�es fa�r public adjuste�s. ar other third parties, retaiued by Bonower shafl not be paid oul of We insurance proceeds and shall be the sole obligation of Iiorrower. I€ the resloratibn or repair is not econuinically feasel+le or Lender's security would be lessened, the insuraace proceeds shalt be appued to the s�uns s�urc� by this Sccuriry Tnstnuncnt, whcthcz or not thcn due, with the excess, iF any, paid ta Bortower. Such iaswunce praaeeds shull be agplied in the order provided for in Section 2. ' If $otrawer a�ndons t6e Praperiy, Lender may File, negotiute und seule any available insuranre claim aad relutett mattars. lf Bormwer d� not re�n�nd writhin 3b ctays lo � natice fmm Lender ihat the insurance catrier has offered to settle a claim, then Lender may negotiate aud settIe the claim. The 30-day period will b�gin when the notice is given, In either event, or if Le�nder acquires t�S Pmperiy under S�tion 22 oc othtrivise, Borrower herebp a�signs to Lendef {a) Borrower's ri�hts to atry inswance proceeds in an amount not to exceed the aroounts uapaid nader the Note or this Secarity Instrament, aud (b) auy other of Boirowcr's rights (othcr thaa thc right to auy rcfund of uncarncd prcmiums paid by $orrowcr} wader all insurance policies covering �he Property, insofar aF sroch ri�te are sgptieable to the eoverage of the Property. Lendar may use the ins�uaace pmceeds either to repair or restoxe the Property or to pay amounts unpaid nnder the Note or this Se�urity Inst�vment. w6ether or not then due. 6. OeGttpBnCy. Borrcrwer ahell c�ccu�sy, e�st:tbtish, und uxe the Pn�perty ns Ao�rower'n principal re�idence within fi0 days after the executiun of this Secwity instrumeat ancl shall oontinue to occupy t$e Property as Borrower's principal residence for al ic�st ane ywr slter tlie date of oeenpaacy, iuilesq Lenda others�rise agrees in tivritiag, w6ich consent s6a11 not be unreasoaably arifhheld, or unless eactenoateng circr�anees exist which arc beynccd Barrowcr's control. 7. Pre�rva#ion,Mairr��nanceand ProtecHonof the Property; Insp�ctions.Bnrrowcr shaSl not d�troy, dawage or imgair rhe Properry, aflaw fhe Prapc�iy to deteriorate or cammit wasEe on the Property. Whethec or not Borrower is residing in the Property, 8orrower shall maintain the Praperty in order to prevei►t the Pmperty frc�m deteriorating or dei;reasiag in value due to its cc�nditinn. Unl� it is detet�nined purvuenl tn Sextiup 5 thae repair or restoration is not economiculiy f�sibie, Tiorrower shall promptiy s�epair the Property if damaged to avaid fiut}ter deteridratian ar dstm3ge. [f insu�ance or co�demnarion Aroceeds are paid in eonn�tion wiih damage to, or the t�tcing of, t6e Properiy, Iiocrower shall be responsible fnr repai 'r�e or restoring the Property only if Leadcr has rcleas�ed pro f s uch p Len may disburse proceeds �� KA�in�a fa»dly-Fam�te MaelFredr6e Nlac UhllFORM W8IRUMEW7 Fam 3028 7JD7 Vh+�B( P� �5�� tRfo�ra Ktu�FMa�18eMms