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<br /> �.I� insu�ance poi�cies requxred by L,ender and renev��als of such palic�es sha�l b�suhje�t ta Lende�'s r�gh���
<br /> d�sappro4�e such poiic�e�, shall in�clude a standard martgage ctaus�, and s��all narne L.ender as martga�e�
<br /> andl�r as an additiona�loss payee. I.ender sha��have���e right to hold the policies and rene��al certificates. If
<br /> �end�r requires, Barrower shall pr�mpxly gi�e to�ender a�I receipts of'pa�d prenuurns and renewal natices,
<br /> �f�orro�er obtains an�farm af insurance�overage, not otherwise required b�r Lender, for damage to, ar
<br /> destruc�ian af, �h�Proper��, �u�h poiicy shall include a standard mortgage ciause and sha�i name Lender as
<br /> mor��agee andlor as an addi��anal loss pa�ee.
<br /> �ri the e�en�.of�oss, Borro�rer shall give pramp�notice to�he insurance�arr�er and L.end�r. L.ender ma�
<br /> make pro�f of lass if not made promptl�r by �arrower. Un�ess Lend�r and B�rrawer otherwise agree�n
<br /> ��ritin�, an� �nsuran�e praceeds, whe��er or��ot the underiy�n��nsuran�e was required b�L�ender, shal�be
<br /> appiie�to �restarat�on ar repair of the Fra�erty, if the rest�ration�r r�pa�ir is ecanom�caily feasib�e and
<br /> �.ender's security �s not lessened, Du�in�such repair and rest�rat�on periad, L.ender shal�have�he right to
<br /> h�ld such insuran��proceeds until I..ender has had an appar�unity to inspect such property ta ensur�the
<br /> u�nrk has be�n�flmpleted to Lender's satisfaG�ion, prav��ed tha�such inspection sha�l be unde�rtaken
<br /> promptly. Lender�nay d�sbuxse proceed�for th�repairs and res�aration�n a sing�e pa�men�or in a series of
<br /> pro�ress payments as the work�s campleted. Unless an a�reement zs made�n wr�ting or Appii�abl�La�v
<br /> r�quires �nterest to be paid on such�nsuranc�praceeds, I.�nder shall not be required ta pay�orrower any
<br /> znterest�r earnin�s on sueh proceeds. Fe�s for pub��c ad�usters, or other third parti�s, re�ained b�r�arra��ver
<br /> sl�ai�not b�paid out of#he i��suranc�prace�ds and shall�e the soie o�l�ga�ion of Bor�rower. �f the res�oration
<br /> or repair is no�econom�cally feasible or�...end�r's securit�would be Iesseneds the insuranc�proGe�ds sha�x be
<br /> appl�ed to the sums secur�d b��h�s Securit��ns�rument, vwhether�r n���h�n due, v�►ri�h the excess, if an�,
<br /> � pa�d�a B�rro�r�r. �u�h insurance pro��eds shai�be ap�lied in the arder provided for�n Sect����.
<br /> �f�3orrow�r abandons the Propez��, �..,ender may file, negotiate and set��e any a�ai�ab��insurance c�aim and
<br /> related ma�ters. �f Borrower do�s nat r�spond w�thin 3�days��a notic�from Lend�r�hat�h�insuran��
<br /> ca�-rier has�ffered�o settle a elaim, then L�ende�r may ne�ot�a�e and�ettl�the�laim. The 3�-day per�od u�ill
<br /> begin when ihe notice�s gi�en. In eit��er e�ei�t, or�f Lender acguires the Property under Section 22 or
<br /> o�h�rwis�, Bvrrov�rer hereby as�igns�o�ender�a} �orr�wer's rights ta any �nsurance praceeds in an amoun�
<br /> no��fl exceed the arnvunts unpaid under the N'ote or fhis Securit��ns�rumen�, an��b}any o€her of
<br /> �3orrow�r's righ�s �ather than the�r�gh�to any refund o�unearned premaums paid by Bo�ra�er}under��1
<br /> insurance p�li��es ca�erin�the Pr�pert�, insafar as such r�ghts are ap�lica�l�to the cQv�ra�e of the
<br /> Prapert�. Lender ma�use the insuranc��r�ceeds�i�her to repair or restare�h�p�operty or to pay amounts
<br /> unpaid under the I�o��or this Se�urity �ns�rument, ��vhether or not then due.
<br /> �. �ccupancy. B�r�-ower shal�oc�upy, establ�shs ax�d use the Proper�y as Borrow�x's pr�ncipal resid�nce
<br /> «rithin��days aft�r ihe execut�on�f this Secur�ty�nstrum�i��and shal�continue�o accupy the Prapert�as
<br /> Bor�ow�r's principal res�dence for at lea��one year after the date of occupancy, unl�ss L.ender othe�-�vi5�
<br /> agrees in wri��ng, whiGh cansen�sha11 not be unr�asanabiy withheld, or unless��t�nuating c�rcums�ances
<br /> exist u�hich are beyond Borr�wer's control.
<br /> �'. Prese��a���n, tll�a[ntenance and Prat�C�i�n of�h� Praper�y: Inspec��ons, �arrower shall not destroy,
<br /> dama�e or�mpair the Propez��y, a�la�the Proper��to deter�ora�e ar Cammit waste on the Praperty. �heth�r
<br /> or not Borro��rer is residing in�he�'roper��, Borro��rer sha��ma�ntain the Prtiper�y i��order to prev�nt th�e
<br /> Pr�perty f�rom deteriorating af decreasing in��aiu�du�to i�s�anditian. ���less i�is d���rn�.ined pursuant to
<br /> Sect ion 5 that repa�r or restoratian �s no�ecanamica�ly feasihle, �orra�uer shal�prom�tly re�air the propert�
<br /> �f damaged to avaid fur�her de�erxora�ion ar damage. ���nsurance ar condemnation p�aceeds are paid in
<br /> cannecti�n wi�h damage to, or the takin�af, the Propert�, Borra��er sha�l be respons�b�e far repairing ar
<br /> restorin�the Propert}��n�y if Lender has releas�d paroce�ds for such purposes. L.�nd�r may disburse pro�eeds
<br /> NEBFtASICA•Single Fami�y-�annte Ma�l�reddie Mac UHIF4Ri11[INSTRUMENT �orm 3D28 31�'#
<br /> VMP� VME'G{N�f�13�21
<br /> Walters KtuvJer�tr�anc+ai Ser�ices Page 7 of 17
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