��14�4999
<br /> A11 inst�rance�a�zcies rec�ui�•e�by Le��der�izd renewals of suc�l�al�cies sha1�be sul��ect`t�Lelzde�'�righ�ta
<br /> disap��ov�such pa�icie�, sha11��zc�uc�e a s�a�adarc��nort�age clause, a��.s��a��n��ne Lenc�er as�nar��agee
<br /> �.ndl or as�zz a�.d��ional loss payee. Lender s1�.a11 have f;he r�ght�ti�la�d 1:he pa�fcie� anc�re�zewal c�rt�f c�.�es. Tf
<br /> Lender rec�uires; Borrower shall��omptly giVe�a Lenc�er a11 recei��s oC�aid�t emiuins an�.�e�ewal�o�ic�s,
<br /> Il Lo�rov�et ab�ains any fo�c�n o�znsurar�ce coverage; na�a�herw�se z'ee�uirec�b�Lenc�er, for c�a��nage to, ar
<br /> eiesxt•uc�ion of, the Prope�ty, such policy sha1�iriclude a s�;a�c�az��zno�tgage�lause a.n�sha11 naine Le�ac�e��as
<br /> znor�gagee a�c�lnr �s a�x a�.c����or�a.�loss�ayee.
<br /> r�the even�af�oss, Borrower sha11��ve�aramp��o�ice�o�he�sur�.i�ce��.rriet•�.nd Le�zder. Lenc�er a.nay
<br /> �nake p�oof of loss�f no�m�.d�pro�np�ly�ay I3o�•rawe�, Uriless Lender and Barrawer otherwise agree ii�
<br /> �7Lrf 1�111�, �y insu����a.ce p�•c�ce�d�, vv��e�ller nr��o����e urlder�ying ii�su�ar�ce was requi�•e�.Uy�ender, sha��be
<br /> app�iec��a res�ora�:ion ar�e�ait of�he Prope�ty, �f�he res�o�a��o�1 or re��.i��s econoinical�y feasi�b�e a���.
<br /> ��et�cier's secur��y is��o�lesse�e�.. During such r��ait�and res�a�a�ia�z per�oc�, Le��c�er s�ial���ave�he righ�ta
<br /> ho�c� su�11 itzsurance��roc�e�s ui�tiil Lendei has�aad a��o�apor�utlity ta i�as�ec�suc�a.Px,operty to efzst�r�th�
<br /> vvor��h�s b�erl cample�ed�:o Ler��er4 s sa�isfac��o�, �ro�i�ed 1:Iz�t such i��.s�ectian sha1�be undert�.��en
<br /> proin�tly. Lenc�er znay�.zs�urse proceec�s for��.e re�azrs ar�d restorattnri in a sir�g�e�ay�n�r���r r�1 a s�ries of
<br /> progress�aymen�s as�:h�vvorl�is Go�nple�ed. U�Zless a��agreetnent�s�nade in wr�t��g or°�1pp�icab�e Law
<br /> �'�C�L1�reS 111��rLS����7����.C�.�I1 5UC�1 1175U�'�:�1C��7�'�C��C�S, L��ldex sha1��lot be r�qu��ed.�o pay Borrower ar�y
<br /> ir��ei•�s�or earning� on st�cl�p�oce�ds. Fe�s far pu�bli�ad,�Lts�ers, �r ot��er t��ird��.rties, �•e�a�nec�by Borrower
<br /> sha�Z�o�be p��d ou�of�he inst���a.11ce pr�ceeds a�z�s�ia���be�he sole oUligation oC Borrawer. If t�e�es�at a����.
<br /> o�r�pa�r is n��:e�onotnic�lly fe�s��le�r L�nc�er's s�cu��ii:y wou��.be�essened, i.he insura.nc�proceeds sh�11 be
<br /> app��ed.to�he sums secured�y�his Secur��y Yr�sti�ume���, v�1�e��ler or�zo��hen c�ue, w����he excess, ir any,
<br /> paic��v.13orrawer. Such����u�a�lce p�•aceeds s1�a�1�be a��lie�.in t.he flrd�t•pro�ic�ed far t�Sec�;ion 2.
<br /> rf�3orrawe� a.�a�zc�a��.s��Ze P�operi.y, Le��der inay fi1e, ��ego�iate ax�d se��le any avai�����ii7su�anc�clailn ar�d
<br /> re�ated�na��ers, If Lar�ro�wer does nati i�espfli�c�vvi�:htr�3�d�.y's�o �.�z�tice fro�n�ende��that#:��e insurar�ce
<br /> ca.rrie���as offere�.�o se���e a clai�n, �11er�Lenr�er tna�lzego��a�e and set���the�1ai�n. T`he 3�-day��riod�vi11
<br /> begi�a.�vhe�a.t�ie�:a��ce is giver�e I�1 ei���er event, or iF Len�er acquires t�ze Property und�r Section 22 0�•
<br /> ���.erw�s�, �3orrovver��ereby assig�s�o Lender�a�I3orrQwer's t'�gh�s�� any insura�ce�ro�eeds i�l ai1 am�un�
<br /> no��o �xcee�.��ie a�nour�ts u���aid unc�e�the Na�:e a�•��.�s Secu.r��y Inst�r�.���en�, a.r�d��} a.n�o��ler QF
<br /> 13ar�ower's rights�ot�e�than t�e�-ig�lf;�;� �.t1y relL���d af u�a.ear�.ec�premiums p�.id�y I�arrawer�under al�
<br /> i�asuxanee�olic��s eover�z�g the Praperty, i�safa� as suc�z ri�h�s a�e�p��iea��e�a���.e caverage of�he
<br /> P�oper�y, Le1lc�er�nay use�he��sur��ce proceeds e��:her to repair or res�ore���e Praper�y or�o pay a�nau11�;s
<br /> L�tz��.id ul�der tlze Na�e o��l�is Securi����as��u�nen�, �uhet�ier�r i�ot�hen c�ue.
<br /> �. C]�cup���y. Barrovver s�ia11 accupy, esta�lis�, ���d u�e t�le Proper�y as Borrovver's prin�ipal res�derice
<br /> vvitl�Yiz��d�.ys aI'ter t�e exe�u�ion af�1zis Se�urity I�zstrutnen�an��sh�.�l can�:fnue to occu��t�ie Prapert�as
<br /> Borr�v�er's�rinc�pal�esiden�e for a��e�st oi��year after�;�Ze c�at�af occu�a.ncy, �.inless�et�d�t otherwise
<br /> agrees �n writing, vvhich co�.sen�sha11�o�be�.�r�xe�s�na�ly withheld, o�unless exi:et�L�ating�ircuinstances
<br /> ex�st w�.ic�i are�eyoi�d I3orrower'S con���o�.
<br /> 7. Pre�er►rat.ion, M ain�enanc� and Pro��c��an of fi�� Pr�p�r�y; Ins�e�t�ans. Bo�ravv�r sI7aI1 not d.esti•oy,
<br /> da:�nage ar irnpair�;lze Prfl�erty, a�.1ow�he Praper�y to clete���ot•ate or cotn�r�it was�e or�t�e P�o��rty, �l�etlle�
<br /> ar��t Bort•ov�er is residir�g�n��ze Proper�y, �3�t•rov�et•shall�naintaiiz�;�ze Pi�operi.y i�orc�er ta pr��vent the
<br /> Proper�y f�i��-n c�eterioral;itl�or d�cre�si�g xn v�lue�.txe to i�s co�ldi�io�, Un�ess ii.is d:e�eririi�ed pu�•sL��nt�o
<br /> Sectio�.5 �ha�rep�.�r ar�estoi a�ion is no�econo�nically faasib�e, �30�•�ower sh�.11 pro�n��Zy rep�.ir�he Proper�y
<br /> if da��z�.ged�o�.vaic�fi�rtilzer�.eteriorat�on or c�atn�.ge. If insura�l�e or co�c�e�n�ia�io�z p�'�C�eC�S al��c��.C�111
<br /> canr�ec�:iaxz�t7vi��� d�.xn�g��o, o��he takx�lg of, ��ze Property, ]30�rowe�s�z�ll be�espo�sila�e for��epai�x�.g��•
<br /> restori�zg��ze P�ro�er�y a���r iF Leilder�las�e�eased p�oceec�s fo�•s�.�ch�urposes. L��.1C���'171�.�1'C�l.S�l��5���'nCG�C�S
<br /> 2�DOG725
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