��14��597
<br /> A11 ins�rance palicies requir�d by Ler�der a.�d.renev�als of sucl�policies s11a1I b�subj ect�o Len�er's righ��o
<br /> C�.15c��J�]�'aV�SLlC�1�J4�.1C1�5, 5�1a�I 1riClUC���.5�:�.11C�a.f C�.�174f�g�.�E'C1�.U5e, a11C�S�lc�l�11ar11e L�riC�.eT'c�5 111flf'�gag�e
<br /> andlor as a�a�.�.i�io�a��ass p�.ye�. Ler��.er s�a1�have�:lle right to��old��e policies and reriewal cer�zf��a�es. Yf
<br /> T P�rl�r rpry��irr-�e Rnrrn�xr���1-tia�1 r�i•n�rsrt�►f��r rr��»fn T a�r��r� a�l �-�r►��ir�t'e n-F��ir�r�rat•►-siY�rt�n� �rtir� rpnp�cxral �-�n�-irr��
<br /> If Barr�,w���obtair�s a.��y fo���n af insurance caverage, n��a��iervtrise required by Le��c�e�, for da�zzage to, ar
<br /> c�.�s�rtxc�iar�of, �he Prap�rty, �uch po�icy s1�a11 incluc�e a��a.tzda�d 1nor�gage clause ar�d s�a11�zaine Le��der as
<br /> a:nor�gagee a�adlor as a�addt�:ional l�ss�ayee,.
<br /> ��z�he even�of 1oss, Bor�ower�ha1�give protnpt natice�o�he i�asurai�ce car�ier anc�Le�der. Ler�der inay
<br /> �nal�e proaf of�ass �F no�in�de��o�np�ly by Borrower, Urile�s Le�.c�er a�d Borrowe���her,wise ag�ee���
<br /> wril;i�g, any rr�sL�rance proceeds, w��e�l�er ar r�ot the underlyir�g i��sur�.nce vvas rec�uired by Ler��.er, sha11 be
<br /> app��ec�to res�ara�iori�r t e�air af�he Property, if�he restoration or repa��is econo�n�cal�y feasxb�e��.d.
<br /> Lenc�ez�'s se�urz�y�s�lo�lessened, During such rep�ir ari�.�'e��oratton period, Le�der s�z�.11 I�ave�he righ��o
<br /> 1�olc��uch insurance�raceec��ur��i1 Lenc�er����had an ap�artunity�a iizspec�such Proper�y to er��ure��e
<br /> vvot•l�has bee�catnple�ec��o Lex��.er's sa�isfacti��1, p�ov�c�e�.l:ha�suc�1 inspec�:ia�sha11���nde�ta��er�
<br /> pra�np�ly. Lender tnay c�is�ur�e proceec�s f�r th�repair s and rest�ra�ion in a sir�g�e p�.y��lent flr i�1 a series of
<br /> progress pay�r�ents as the vvar��is co�n�le�ec�.. Un1es�an a�ree�ne���s�nade zn wr�tizlg or�pp�ical�le Law
<br /> requires iri�er�st ta�e pa�d ar���.ch i��surance p�caceeds, Lender s�1a�1 r�o�be requ�rec�.to pay Borrower a�.y
<br /> � i�l�eresti or earnings on suc�z�ro�eedso Fees fo�pub�ic ad�us�e�s, o�• o�her thircl p�r��es; �-e�ainec�Uy B�1�ovver
<br /> s��a�1 no�Ue paid ou�;of the i�a�urance procee�s ar��. sha11 be��.e�o1e obliga�ia�1�f�arrouTer. If�he 1�esto�a�ian
<br /> �r repat�is na�eco���nic�.��y feas�b��o��Lende�'s secu�it�vvoul�be lesser�ed, i.he ir��u�anc�procee�.s�11a��be
<br /> appl�ed to t��e su��ns secured�y��i�s Securi�y Ins�rulnenf., w�1��;11er or na��hen�.ue, vvith tihe excess, ir any,
<br /> pa�d�o Borrower. Suc11 it�sura.nce proceeds sha���e�pplied i�tlle o�der providec��or in Sec�ion 2.
<br /> If liorrovve��bar�dons���e Pro�erty, Lender�nay f�1e, tzego�i�.�e and se��1e any ava�la�b�e i��surar�ce clai�n and
<br /> �rela�e�.�na��ers. If Borrovver does fzot res�o�.c�wi�l�i:�.3� c�ays�o a�.����e fi�ozn Lex���er�ha��he xzasurance
<br /> � car�ier has offe�red�o se��Ie�.clai�n, �;he�z Lendet��ay��go��a��a.�d se��1e�he clai�n. Tlze 3��c�ay per�od�ril�
<br /> b�g�n whe�.1�la.e����iee is given. In�i�.her even�, ar�f Lez��er a�c�uix�es��ie Pro�er�y under Se��xon 22 or
<br /> o�herv5rzse, Lorrov�er�lereby assig�s ta Lezac�er �a) Borrower's r�gh���o �ny��suranee praceec�s in an a�nount
<br /> r�o��o e�ceed the ainounts unpaid L�n�.er��ae No��or�his Securi�y Ins�ru�l1en�, ar�d�b� a.r�y o�her o�
<br /> I3art•awez•'s righ�s �ather�ha�.�he r�gh��o �.r�y refL�r�d of un�at•�ed pr�iniuir�s p�.�d Uy Bflrrovsrer�ur��.er a1�
<br /> ins�rance policie� cover��xg��ze Propertiy, i��sofar as such r�gh�s are ap�licable�o�he c�v��a�;e of the
<br /> Pro�er�y. Le�der tnay�.se���e i��sura�.ce pr�cee�.s either�o repair Qr res�ore ti�e P�aperty or�o pay a�no���s
<br /> un�a�.ic�uno�er t�le Note a��his Securz�y Y�.s���.��nent, ,w�letlle�o��na��k�e�due.
<br /> �. C]��upa�Cy. Borr�v�er shall occt�py, es�al��is�z, and us�tl�e Pxoper�y as I3orrower's prin��pa1�esic�e�.ce
<br /> wi�l�.i�.6�days af�er the ex�cu�:ion of this Secu�ity I�zs�ru�ne�z��n�.sha�l ca���i��ue�o occL�py�he Property as
<br /> I3a�rowe�'s�r�nc�pa�re�i�.ence far at lea��one year ���e��he c�a��af o�cu�ar�cy, un�ess Lende�a�l�erv�ise
<br /> agrees i�1�wr�t�ng, w��ic11 cor�s��zt�ha�I not be ur�reaso�.ab�y w��hheld� n�'1.111�.e55����llll�.�111�C1�'CU.1115�a11CeS
<br /> exxs�vvla�ch are�eyond Bo��rower's co�tral,
<br /> 7� Preservati�n, M ain��nance and Pro�ectivn of �he Proper�y; I�specfiion�. Ba��rower sha��no�destroy,
<br /> c�a�llage or iir�p�.ir��z�P�o�er�y, �llow��a�Ptoperty to c��terio�ate ar co�n�ni��vas�e on�11e Proper�y. ��ie�her
<br /> or�10�Bot rowei is resi�.iizg i���l�e Proper�y, I3�rrower sha���nai�taii��he Prope��y in arc�er�o prever���he
<br /> P�rop�rty fr��n dete�iorating or de�reasxz�.g��a va�t�e due to i�s condz�i4�1. Unless���s�.et�rn��ed�u�'sua.n��a
<br /> Sec�ifln 5 ��aat repait or res�aratio�is no�econ�xx�cally f�asib�e, I3orrower sha1�pro�np�ly�epa�r�he Property
<br /> if d��n�.ged�a avoie�furt�ler c�eterial�atiot�or c��in�ge. If�nsu�'�.rzce o�r cor�c���n�aa�ian pro�eeds az•e pa���n
<br /> con�zec��an vt�i�h���nage�o, or tlle tal��ng of, 1:11e Pro�e�rty, I3oz�ravt�er s�aa1�be respo�.s�1��e�az��epairing or
<br /> res�aring�he Pro�ae��y ar��y iF Lenc�er has released proceeds for stxc�i purposes, Letz�er�.�zay d.�s�b�.��se pro�ee�s
<br /> 2�Dfl721�
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<br /> Vllolters Kluw e�Financial 5ervic�s pa�e 7 of 17'
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