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��14���97 <br /> A�1 i��surance pa�icies�e�uir�d�y Let��e��and i�ei��wals af s��ch p�lxc�es sllall be subj ec��o Le�dex°'s r�gh�to <br /> disa�prove s�.xc1�po�icies, shall ��nclude a s�a�dai°d t�ot��gage�1at�se, a��d shal�n�.me Lenc��r as�nor�gagee <br /> ar�c�lor as a��dd��io��al loss payee, Lenc�et�shal�have t��e i igl1��011o1c�:the�aolicies�.n�.rene�nra�cer�if�ca�es, If <br /> Le�de��equi��es, Bort�o�e��h�.�1��•on�p�:ly giv��;o Len�.et�a�l receipts of paid Y�t�erniums at��renevt�al tlo�ices, <br /> I:f Bo��rower o��aixas any for�.n oF insurat�ce cover�.�e, not o��ser�ise rec��.��red by Le��der, far damage�o, o� <br /> des���.ct�o�of, �he P�ioper�y, stxch poli.cy sh�:11 i�clt�c�e a s��.nc�ard n�artigage cl�.use an.c�s��a11 name Len�er as <br /> �not•�gagee andlor�.s�.�1�.ddi�io�a1 las��ayee. <br /> I��l�e evei��of lass, }3arr0�VL�e�5�1�.���1Ve�)14I17��17a�1G��Q��1e�175111�.I7C�C�.l�rie�•ai��Lenc�er, Lenc�e�may <br /> rn.a1��proor or Ioss i:C r�of:�n�.��p�•o�x�ptly�y Lot•�•o�ver. LTn�ess Le�1�.er a��d�o1•��v�re�•athet�wise agi•ee in <br /> 'VC11 I�111�, any�ns�.�t a��ce procee�s, w1�et11er or�o��11e u�der�yi��g insu�a�ace�vas t•equil ec��y Ler��er, shal�be <br /> applied to��estot•ation or t�epair ar�he P��pei�ty, if t�1e res�at�ation or�ep�.i1�is eGo��o�.�icaliy feas��ble ai�� <br /> Let�de��'s se�t�rity is�at�esse�aed. Dll�11�g SUC�T��e�ai�•a�d t•estot��.�ian�eriod, Ler�det•�1�a�.1�a�.��e i.he�-ig11t ta <br /> �aolc�sL�ch�nsL�ra��ce p�aceeds t������Le��der has��a�.an oppo�•���x�ity�o it�s�ect suc�1 P�•o�er�y�o ens�.���e�he <br /> wo����has�een cori�pleted�o Len�er's sa�isfac��o�., ���ovi�ed�ha�suc��inspectior�sha���e t�nc�er����en <br /> pro�np��y. Le��c�e�•may�isbt��se�roceec�s for���e��ep�.irs a�:�d res�ora�ion���a sir�g�e paymen�at•in a s�ries af <br /> p�•ogress pa�r�nents as�he v�orlc is comp�e�ec�. Ur�less an�gree�nen�is r���:de in writi�g or Applicable Law <br /> �equi�•es i�nte�•est tio����.id o�suc��.ins����a�ce praceeds, Lender sha11 not be��eq�.�ired t�p�.y�3a��rowei•any <br /> �nteres�ot ea��n7ngs on s�.�c�i�roceeds. Tees fo���L�b�ic adjuste�-s, 01�o�lier tllird pa��ties, r�t�.ined�y I3o�•rovver <br /> s1�a�1 no�be pa��out of f:��e insui•ance prace�ds and s�i�.11 be�1�e sole ohligatin��of Lorrawer, �f�he re5�ora��ori <br /> o�1'��]c�11•is not econo�nical�y feasible or Let�der°s secu���ty would�e 1�sset�ed, �he it�surance p�oceeds shal�be <br /> a�aplied�o i:h�sums secured by t��is Security Ir�strum�tlt, w��ether o�-�ot tl�.en di�e, v�it11 the excess, if a�1�r, <br /> p�.�d�o Borrower. S�.Ych instxran�e proceec�s s��al1 l�e a����ec�irl t�1e order pro�rided for i�Seci:ion 2. <br /> If Borro�ve�abatl�or�s���e P�•oper�y, Le��de�may fi1e; �e�otiate anc�settle a��y av�.i��.ble�ris�.�i•�.nce claii�i atld <br /> t�e��.�ed n1�.i:�et�s. If Bot'�D�V��C��eS f�0���eS�ariC�.W[f��`1117�����5���.t1��1C�ft dYI�L�11C���t�7�.t 1;�1E 1t7SLlrclt7Ge <br /> c�i�t�ier has offet ed�o set�le a c1�.im, �11en Len�.e�m�.y ne�otiate and settle��ie c1ai��1. The 3�--day peria�wi1l <br /> l�eg���wheti�he��otice is given, �n ei�her e�en-�, or if Ler�cier acq��i�•es the P�ape�•t�u��er Section 2Z a� <br /> o��let•wis�, Bo�•�ovsrer�Zereby�.ssig�as�o Lender�a}T3ot�ro�ver's i ig�1�s�o any��asul�a�ce proceeds i�a�1�.mo�nt <br /> no�:i.o exceed the amot�nts unpa�d�.tnder�11e No�e ar�llis Security Znst�`LIITI�fl�, and�b}any other o�� <br /> Borrower's rlghts�o�1�er than the��ight to any ref��nd of utlea���ed premiuxns pa�c��y Bo�t•o,wer�undel a�l <br /> �ns�.����t�c�pa��c�es cove��i��g the P�operty, ins�f�r as sucll r�ghts a�•��ppTicab�e�o the cov�rage of'�he <br /> 1'ro�er�y, L�nc�er�na�Lxse�he ii�su�•�.nce proceeds e�t�aer to��epair or r�s�are the Pr�pei•�y or i:a p�.y amoun�s <br /> u���aid t�nder the N�ote o�•this S�cu��i�y Ins�1�.��Zen�, w��e�11�r or�o�i:hen due. <br /> G. ��cupancy. Borrowel s���ll�cc�.�py, es�a�lish, and use t11e Prope��ty as I3ort•o�vei's pt•iticip�.1��eside�ce <br /> w�th.in 6� day�af�e��t�e exec��io11 of�1�is Sec�.�rity���.st�•u�nent ai�c�-sha11 coni.z��.�e f:�oc�t��y�he Proper�y as <br /> Borrower's���i�.cipal resic�ei�ce fot�1:leas�atle�ea��aFf:et•t�ae c�ai:e of occupancy, u�less Lendei•o��ierwise <br /> agt•ees it��vri�ing, w��icla conse��.t sl�rall r�ot l�e unreasana�ly wi�h�l�Ic�, or L���less ex�e1l�.�ati��g ci��ct�n�st�.�ces <br /> ex�s�whic��:a�e�eyand Bot,rov�r�r's co�ltra�. <br /> 7. �rese�va�ion, �i aintenanc� and Pro��ctian af �he Proper�y� �nspe�tians. L�t�ro�e�shall�o�des��oy, <br /> �am�.ge or im�air the P��o�erty, �.11ow the P�•oper�y�o c�e�erior�.te o��co�nmi�uras�e an�he P��o�e��ty. �1�e�l�e�� <br /> or tlot Lor�•ov�er is r�sic�ing i�l t��e Pro�erty, I3or.rower s���.11 ma��l�ain tlae Proper�y ir�ordet�o�r��en��11e <br /> Proper�y ft o�n dete�•�oraf:Yng or dec��eas�t�g in va1�,�e du�to its cot7�r�ion, Un�ess xt�s c�etet�tnine��ul•sua���to� <br /> Se�tion 5 t�la�re�aair or�{es�o�a�io��s no�:eco�ao��nic�.l�y feasible, Bo�•ro�ver sha�1 pi•omptly�•epai��i�lie Pt o�erty <br /> if da�na�;ed to avoid fu�����et�c�e�et io�a�io��or c��.n�age. If it�s�t��ance or condemn�.�:7or1 p�•oceec�s ��•e p�.id in <br /> connectxot�v�i1:h da�na�e�o, ot���1e���ting of, �he P��ape�•ty, I3ort1ov�er s7�a11 ve�iespo��si�1e for t�epai�ii��g ot• <br /> ���s�ori�lg�he�'��oper�y o1�ly�f Le���.ei 1�as t•�1e�se�p��aceed�lat'SL�C�1�7LlI•poses. Lendei�1���disburse proceec�s <br /> 2aoo5��� <br /> NE�RR5KA-5ingle�amiiy��'ai�nia M aelFre�dia M ac UN IFORM 1NSTR�M�NT �orm 3028�1�1 <br /> VM�'� 11Mf'fi�NE}�13�2} <br /> Walters Kluw er Financial 5ervices p�ge 7 nrt�7 <br /> � <br />