��14�31��
<br /> A11 ir�sur�.��ce po����es requi�ec�by Lender a�zd renewals af su�1z�o�rczes sh.a�1�a�subjec���Lenc�er's right to
<br /> d�sa�pf�ove suc��policies, sha�l i�lcl�.�de a s�aridarc��nortg�.ge clause, a.nd shall��.ine Le�zd�r as�nortgagee
<br /> a11c�1or as a�z a�.�.�t�o�z���as��ayee, Le�a.�.er shall have�he rig�l��o�lolc��he poli�i�5 a�zc�.rer�eWa1 cer�ifi�ates. If
<br /> Le�der req�.���res, Borrawe� slla��pro�nptly g��e��Lender�.11�e�eip�s af pai�.����ni�zns an�renev�r�.l natiices,
<br /> 7�'�3or�ower ab�air�s a�ly Foi,�11 of�risu��11ce cover�.ge, na�o�herw�se rec��.zrec�by Lenc�er, -fo�da�n�.ge�a, or
<br /> des�rL�ctiar�oF, t�1e Proper�y, st�clz policy s�ia1����1ude a s�andar�.�nor�ga�e c�ause and sh�.11�a.�le I�etl�.er as
<br /> �na�tgagee aza.c�lor as���addif:iona��oss pay�e.
<br /> Tn t�le even�of lflss, Bor�awer s��a���ive��o�npt natice to��Ze i�.st�rat�ce carrier and Lender, Letic�e�r may
<br /> ��ia1�e praof Qf lass if not z�zac�e prom��ly by B�rr��er, Ur���ss Ler�der ar�d Bar�ower o�herw�se agree in
<br /> �V11�f�1�, �.fl�1I1SL��'c�riC���OCe�C�S, W11e��.1����'�1����1E ll�l(�e�'Iy1�lg��].SU�'a17C�'Wa5�'�ClL�.1P�C���'L�11C���', 5��a��.�7�
<br /> app�i�d x�resta�a��o�.or rep�.ir o:F��1e Pr���r��r, if t�e�es�ora��o�l oi•re�a�r i� eco�o�nica�ly feasi�le an�.
<br /> Lenc�et't S S�Cu�i�y ZS�Zo��esS�f"leC�.. Du�i�g such rep�.i�a.rid re��ar��ion�er�o�.�, Letld�r s1�a11��ave�he��g���to
<br /> �la1d sr�c�xnsur�.r��e�x oceeds un�il Le�der�i�s had ari oppo���.��i�y ta inspec�:suc�i Prop�rty to enstxz e#;1��
<br /> w�r1f��as beez��oznple�ed 1:o Lenc�e�'s sa�isf�.ction, provi�.ec��1zat sucll��.s�ec��on s�1a���e under�alcer�
<br /> prazn���y. Len�.er t�n�y�isl�t�rse proceeds fo�•�1�e repa.��s anc���es�:orat�on iri a single payme�l:or in a series af
<br /> pro�t�ss paym�r��s as i.��e wor1�is complel;�d, Unless an agreetl�e�.�is�na.c�e iz��r�ri�i�g�r Applxca�le L�.vv
<br /> rec�L�ires i�i.er�s�to lae paid o�z s�xch i�su�a�.ce pr�Geeds, Lenc�.er s��a�1��.ot be re�uire�to pay I3o��rowe�a�zy
<br /> in�er�s�o�•ea.�.�in�s or�such p�oceeds. I`�es fot'pl1��fC 1C�.�US���'S, or o��ler t�a�irc�part�es, retained by Borrov�et•
<br /> s1�all no�be paic�oui.of 1;he i�zs�xt�a�ce pr�ceeds az�d s1x�.11�e�he so�e obligatio��of Borrawer. �f tla.e�res�;or�.t�o��
<br /> or repair is tlaf:econ�znically fea�il�le or L�nder's securi�:y v�ould be Xessenec�, t��e xnsurance proce�ds s1�a11 be
<br /> ap�Iied��i��1e su�ns secured by 1;his Sec�.�x��y I�zs�rut��e1��:, �vhe�her o�r�at���e�1 c�ue; vvitli�he excess, iF a.�ay,
<br /> pa��to Borrov�rer. Suc�a:insuranc��roceec�s sha11�e ap�Iied i�x��ae arder pravi�.e�.�ar Ytl Sec�io�z�,
<br /> �f Lo�rower aba���.���s���.e Px o�erf:y, �etl�.er�nay File, �legati�.�e�.z��.se��:1e atly ava��able ir�suranGe c�ai�n ai�c�
<br /> related�na�.ters. If Borrawe�•c�oes�01:t+espo�d�ri�hix�3�day��� a�at�ce rrom Le�lder tl1a��:he inst�rance
<br /> ca.t rier�ias offerec��o se��1e a c1�.iln, t�ien Lenc�er���ay neg�l:i�.1:e a�zd se���e i.11e c1�im. Th�3�-day perioc��vi�1
<br /> �egir�whet�the no�z�e�s gi��r�. �i1 eitlier even�, or if Len��er�cc�uires t11e Prapet•�y�.n�.et�Sec�iotl2� ar
<br /> at�ie�wise, Barrower�aereby ass�gns�o Le�zde�r�a�Bor1•awer'.s r�g�z�s ta al�y i�su�rance pro�ee�s i��a1z a.tnoun�
<br /> �la��fl ex�ee��he a�n�u�ts u���a�t�uzzde��11e Note or���is S�curi�r�nstrulr�en�, ��Zc���� ar�y a��.er aF
<br /> Bort ovver's�ig�z�s �other�ha�.�11e righ��o ar�y refu�.c�of�.�n��rneC��reir�iu�ns�ait��y��rrower}u��cler all
<br /> i�zsu��.rice�alic�es cove�•�ng��a.e Proper�:y, ��saFa� a� st��h rigl��s a��e��a�l�cable to�he cflverage flr�11e
<br /> Praper�y. Lende�•rnay use�he i�zs�.�r�.�ce proceed�ei�her�o r��a�r��res�ore the Pt•a�er�y or�:o pay a.�naun�s
<br /> lY�l�Jc��.C�.UriC�E���1�NQ��41��115 S�CLl11�Y If1S�1"Li�11�11�, whether a��1�1:t�letz�.�.��.
<br /> f. ���up2���y. Borrower s�1a1�flcct�py, e��abl�sh, a�c�txse���e Pt o�e���y as Lorrawe�'s�ar�nc�p��res�den�e
<br /> w��lz�n 6� c��.ys a.f�e1��he execu�zor�of t�-�is Securi�y Izzs�ru�nen��izd s��all co�z�i��.e 1:0 occupy�17e Praper�y�s
<br /> Borrowe�'s pi�i�c1��.I resi�.e�.�e:['�r at leasi:o�e yea� �.f-�er�1��date oT occupa�zcy, utlless Lenc�er�t�1e�v�i�e
<br /> �.g�ees in w�iting, wh��h c�t�senl:s�1a11�1���e u�az eason�bly wit��leld, or��izless extenu�:���g�ircuins�a�zces
<br /> exis�;v�rl�icll�.�•e beyo�l�.]3orrower's co�l�ro�.
<br /> 7. �re�erva��any M ain���anc� and Pro�ec�ian of�he Pr��erty; In�pec��on�. Bor�ower s�aa11�.ot�estt�oy,
<br /> C�i1111�.��4�'1111�7�.1t•the Prope�rty, al�avv t�ie Pt•o�ez•ty to c�e�eriara�e or co�r�ni�was�e oi�t��e Pra�er�y. �`he�h�ar
<br /> o�na�Bfl�rrovver i�resic�ing i�l��z�Property, Ba��ov�er s11�,11��z���z�ai�l��Ze Proper�y iiz arc�er•�o�reve�at tli�
<br /> Propel•�y frotn�.ef:et�ior�.��i1g or c�ecreasi�zg i�z valu.e�ue t��i.s cazz�i�i�t�, U�less it is�e�ex�1����ec�pu�sua��t to
<br /> Section 5 �:l�a�re�air ar�•es�ora��oz�.�s�o��ca�oin��alXy f�as�bl�, Ba�raWer sh�.1���o�n��1y re�a�r�he Pro�e�ty
<br /> if c�azn�.gec�to�.�raid f-�rt��et dete�zo�•��zon or c�a.�nage. rl insur��l�e ar condelr�lai:io�i��ace��s a�°e��.�d��
<br /> connectio�z wi���dainage tn, or���e�alcing of, �he P��per�:y, Bo�•�ovtrer s�za11�e zies�o��s���e fo�reparring Qr
<br /> �res�at rt�g��ie P�o�eri:y o�l�y if Le��.er�ias rele�sed�roc�ec�s for suclz�ur�oses. Le�zder�nay c�isbL�rse pX oceec�s
<br /> �4�Q6�3a
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<br /> Wolters K1uw er FEnancial ServEces Pa�e 7❑f 17
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