M ��14�5�74 �
<br /> Al� i�$ut'�n�e palicies r�guire�by �,en�er a�� r���t�va��a��u�h pali�ics shaI� be �ub,�ect t� L�nder's r��ht �Q
<br /> d�sAppt�ave su�c�po��ci�s,sh�ll inc�ud� a star�d�r'd n€aar�gage c��use,and sh$1� ri�rt���.enc��r a�mar�ga��e a�dlvr�s
<br /> an additian�l ioss payee► �t�der-sh�l� h�ve t�� ri�ht:�� h�Id t�e pa�icias �nd ren�wal ��r�i�i�ates. If i,�nder
<br /> z�qurr��,�o�t`awe�'shall px'o�ptl�r ��ve t� L�nd��al� r���ipts of paid��miums �nd ren�t�ral�stioe�, Yf Sot���v�r �
<br /> ��tain��ny form c�f insuranc�Gvv�ra�e, na�ath�rwi�e r�q�ire� �y �,�nd�r, far d�rr�ag�t�f�r d�stt°�cti�t� of Ch�
<br /> Fro��t�ty, such po�icy shal� in��ud� a st�n�ar�m�rtg�g�c�a�se and sha�l r�arne �,��der a��or�������ndlor as �n
<br /> addi�i�na� �a�s p�ye�,
<br /> �n th��vent�f��s�, Barrower�h�11 gi�e�rom�t not��e �t� th� ins�rance earrier$nd ��nd�r. Lend��may mak�
<br /> proof af��ss if not r��d�.�m�zptly�b� B4rrower..��xles� �,end�r a�d�B�rrow��r ot��rv�rise.a��e i� writ�fl�, ��
<br /> �nsuranc� �ra�e�ds, whe�her ar �aot t�ie un�erlytn� ir�sur�nce w�s �`�qui�ed hy L,�t�der shall h� � �t� �
<br /> �Stt�rat�p��t� rep�fi����� �'�Op��Y, �f�h� r�S�o��tt�on or �e �ir is e � ' � P� ,d to
<br /> p canorn�c�l��fea��b�e�nd t..�nd�r s s��ur��r �s
<br /> nat �essen�d. I]uring such repair and restaratian �eri�d, Lender sh��� h�w� the ri�h� �o Ii�ld $uc� in�uranc�
<br /> , p�r���eds Ur�ti� �,e���r�has����n opporiu�it�f� it�spec�srxch�rap�rty�a �nsut�� th��r�rk bas����n cam I
<br /> p et�d ta
<br /> Lend�r's satisf�ctian,pro�ide€i th�t su�h inspect�an�h��l be un�er�ak�n pr�mpt��►, Ler�der may dis�rarse r�ce�ds
<br /> f�r th� r� aars�r�d r�s�or�ti�n in a sin I� a ' ' � �
<br /> , p , , g, P �eni�r tn � Ser�es 4�pr��ss���mertts es �h�wark ts c�mpl�t�d,
<br /> Uniess an a�xe�rn�nt �s, rnade �n writ��� ar �pplt���Ze L.a�v r�quir�s interest to be paid on su�h f nsur�n�e
<br /> proce��s, Len�er�s�alt �o� b� requined to pa� Bvrria��r ai�y in�era�t ar �arr�ix�gs an such prac�e�. ��es far
<br /> ���lic adju�#�rs,ar��her third parti�s,ret��in�ti�r� B��r��ver shal� n�t �e paid�aut �f��� it�s�trar�Ge rac�eds arid
<br /> shatl b� th� sale o�����tivn �f B�rrow�r. Zf �h� t�star�ti�n�ax t�ep�ir.�s no� ecvn�mica�l feasibi � }
<br /> y e or I,end�r�
<br /> s�curi�r ur�uld be ]�ss�n�d, the insurar�ce��r���eds �ha�l �e a�plied to the sum� s��ur�� by this S��urt
<br /> �'r�strument,wh�t���'or nat�hen du��wi�t�the e��ess �f�n �
<br /> • e �
<br /> , y,�S]�i��$�r�'our�r.
<br /> �f Borrawer �ba�d�r�s t�i� Pr�p�rty, Lende�` may fil�� ����tiatie ar�� s�tt�� �ny a►vai�a��� in�r�n�� c��,�� ��d
<br /> r�l�ted m�tters. ���orr�w�r doe� not respot�d wichin �� d�y� tv a n�t�c� �ram �n�er i�iat th� �nsura��� carrie�-
<br /> ��� o#"#'�r�d ta se#t��� c�aim,t��n I�end�r me��r��gatiate and$ett��t�e alaim.�"h�3�-�a�r g�rivd w�l} �� ir� wl�e�n
<br /> the n�tic� is �irr�n. In eith�r eve�t, �r if i.�nder a�q�ires #�e Fra�� und�r Sectioz� �� �r ath��vi �
<br /> �' se, Barr��r�r
<br /> h�reby assi�ns to �en��r {a� ��rro�r�r's rights �o p�y in:�u�an�e �roc���s in ar� amaunt nat to� �xc��d th�
<br /> �mou�ts unp��� under th� A�re�xn��t or �.h�� ��curity 7�s�rum�r��,��d �b) �ny Qth�r�f���rsawer'� ri�h�s {�th�r
<br /> t.�an the r�ght t❑ a�n}+ ��fund �f un�arn�d p�r�rn�ums pa�d �y �orrowe�} under al� insuranc�po��cie� ctiv�rin �h�
<br /> �nc��erty, insof��r as su�� right� a�� a�pl�c�b1� t� th� �overa�� �f` th� P�vp� . �,ender nn� us� t�e i �
<br /> rtY � nsurat���
<br /> pr���d�e�th�r ta re�air ar r��tar►� th� Pra��rt�y�r �4 �r�� amourits un�aid t�nder the Agr�ement ar th�s Securit
<br /> �n�trur�n$ntf wheth�r�r�ot'the��u�. Y
<br /> �. Pr�servattot�, Ma��nten��ce a�� Prot�cfi�r� of th� �'rop�r#y; �sp���t�ns. �Qrr�w�r �h��1 not d�atr
<br /> d$tna e or im aiar the Pra � � ��''
<br /> � P p �tY, a��ow th��P�aFerty t� �eter���t��r c�mr�it we�t� on ��e Pr�pert�. '�he�ier or
<br /> �ot �a�-r�wer is �es�ding i� the Prop�r��, Barrowe�sh�t� �aintai� t�e Prop�rty in order�o pr+err�nf fi.�e Pr� �
<br /> frar� d�ter��rat�mg or d�Gr�astng�n �►alu�du� ���t� c��ditian. �nl�ss�t �s ac��rmin�d urs � �'
<br /> r�pair ar r�stQrat�a�n is�n�t e�vn�m��ali �'easibl� Btirmwv�r � �lt � u�nt tv ���t�oa 3 th�t
<br /> Y , �a pxarr��tlx t�epair th� I'�aperty �f dam��ed tc�
<br /> avaid fu'rth�r �eteri�rati�� �r da��ag�. �f insuranc� ar �at��Bmn�tiDn prt�G��(�3 8r� p�id in �anncction wi�h
<br /> damag� to; or th��ta�Cin� of, #�e Pr�per�r, ��rrow�r shal� b� �res��nsibl� �'�r re airin �r t�st�rin t
<br /> P � � h� Propet�t�
<br /> vn�y i� �,cnd�r.hes rel�as�d praceeds f�r ��c�i purp�ses. L�nd�r may �isburs� prac��d� €�r th� re airs and
<br /> r�st�r�tior� in a si�r��e�ayment ar �rt � seri�s af p�ogr�ss�aym�r�ts a�'the wark �� cvm �ete�.Yf�he i� �
<br /> �andemn�tipn �rac�e�s ar� nvt suf�ci��t �� repair �r r�star� #�� Pro � B�rrar� sura�.c�o�
<br /> �a�nrower`s oblig�t�vr�f�r th�c�rnpleti�n�f st1Ch r� �ir ar � �Y� �x is not r�t��v�d c��
<br /> p r�stdr�tfor�,
<br /> �����r�r it� age�nt �nay mak� re�sanable erit�i�� �pon �nd �nsp�ct�c�n� t��the P�'o��xty. If�t h�� r��sor��b��
<br /> ceu��, Len��t�me� inspe�t th� interi�r of ih� �m�r�vern�nts on ��� property, I.��ad�r s��ll �i�e �orna�v�r n+atice
<br /> st ttae�irr�e�f or priar to su����n int�riar iasp�ctio�s�ec��in��u���easan����caus�E
<br /> 5, F�ratec#ian af L�r�dex'� In��r��� it� the �'�operty �nd ��hts CJnd�r th.�a ��curi ��strum�rt, �f a
<br /> �a��wer fa�ls#� p�rfnrm th��awe�an�s�nd a r�em�nts c�r��ained tn t ' ' � � )
<br /> g ��s S�cux�ty�nstt�tx�ent, �a�thet�e rs a l��a�
<br /> proc��d�n� t�at m�g.ht s�grx�ficant�y�af�`e�� �,ender's inter��t in th� �roperty an�lar ri��s undee th�s Sect�ri
<br /> �nstrument �suc� as a p�ocee�ing in 6ankrupt�y, probate, far �o�demnati�n or Farfei �
<br /> ture, far enforc��ent af a
<br /> ��en whi�h ma��ttait� pr�ar�ty �u�r this Security �n�t�rume�t flr to �nfo�ce ��ws �r���u�ations or � ��rr
<br /> has abandoned the Pr� e }} � � �w�r
<br /> � , , p rty, t�en Lender mey �a and p�y.f�ir wha��v�r is r�a�a�a�l��r ap�rv,pri�t� ta protect
<br /> ��rtdet�� �x�terest.in thc Pro�ei#ty an� t't ghts under thts S��urity In��tum�n�, inG��iC�ing f�t�C[ii� �ndlor ass�ssin
<br /> th� va�u��f the �r�p�rt�, and ��c��ing andlvr rcpairir, t�e �'ro � . �.e ' • � � � g
<br /> � p � n��r s a�t�ons c�n tt�cl�de, �ut �r� not
<br /> Iimi�ed �a: �a�p�ying en�st��n�s�cur�d b� � lier� v�+hic�h�s priority ov�r thfs S�curi �nstrument� a ean
<br /> ° i�a caur�; ��d ��� payin� r��sor�abie�tt�rn� s' f�es to ' • � � '�} P� ��
<br /> . Y prv��ct �t� �nt�r��t �n the Prap���n�dlor rights �nder thi�
<br /> Seeurity In�trutr�en�, in��ud�ng its s��ured �os�tion i�a �ank�u��cy prac�ed�tg. S��uring th� Pro � ir�cludes
<br /> but is ��t �irx�it�d���, enter�ttg �he �r�pe�y t� m�ke repairs, chan e loc�s re la�� � �Y `
<br /> o,�r�� � , p or boar� up d��rs �nd
<br /> �v����rs���
<br />
|