��15�1994
<br /> AZ��nsura�ce palicies rec�uirec�by Lend�r and rer�ewa�s of suc�policies sha�1�be s�.b�eGt to Lende�'s righ�to
<br /> d�sapprove such�olic�e�, sha11 i�cl�xd�a s�anc�ard.mortga.�e c�ause, a�a.d sha11 na�ne Le�.�e�c as mor�gagee
<br /> andlor as a.�.ad�.i��ona1 �oss payee. Lender sha11 have�he t•ight�o�a�d��ze�oli�ies anc�renevva�ce�tif�ca�es. If
<br /> Lex�der requires, Bor�ower sha��proxnp�ly give ta Lender a��re�eip�s of pa��.pre��ni�.��ns and rene,wa�r�o�ices.
<br /> If I3arraWe�o1��a��s any f���-n af i�sura.nce c�verage, �.o�o�herwise required by Lender, for da�nage�:o, or
<br /> �.es�f uc�ia�oF, �he Prope��y, such�o�icy sha1�include a s�andarc�fnar�gage c�ause a�d shall�a�ne Lender as
<br /> �na�•�gagee at�c�lor as a�ad�i�io�a��oss�ayee.
<br /> In the��en�of 1ass, Barrower sha11 gzve��rompt r�o�i�e�o�he i�.su�a.�ce carrier and Le�.der. Le�der�nay
<br /> �na1�e proof oF loss if��ati ma�.e�ro�np��y by I3orrower. Unless Leilder�.nd Borrovt�er otherw�se agree ir�
<br /> vvriti�ng, a.ny�ns�.�rance��oceeds, whether ar�o��h�underlyit�g��sura.�ce wa�required by Len�.�r, shall be
<br /> applied�o r�starai.ior�or�•epair of the P�oper�y, if the��s�a��.t�o�z or rep�.ir is econa�n�cally feasible and
<br /> Lent�er's �ecurity is�a.o��esse�a.ed. D�urir�g such repair and res�oration pe�iod, Len�.er sha11 have��ie r�gh�ta
<br /> ho�d such�n�ura�l�e procee�s u���i�Le�der has�ac�an oppor�urii�y to��spec�such P�operty to e�sure the
<br /> wark has bee��coinpleted to Lender's sa��sf�.c�ion, provided f;�at suc�.�nspec�ion�h�.1X be unde�tal�en
<br /> prainp�ly. Le�der may d�sburae�araceeds for�f�e r�pairs�nd restoratian in a sir�gle pay�nent ar in a se�ries af
<br /> progress paymer��s as�he worlc is c��nple�:e�. Ur�less a� agreelnen�is�nade�n w�i�i�g or Appl�cab�e Lavv
<br /> a�ec�u�res in�eres��o be paid on such�nsurance proceeds, Lelzder sha��no�be required to�ay Borro�tre�any
<br /> in�eres�or earnings on such proceeds. I'ees for�ub1�c adjus�e�s, �r o�her t��ird�aar��es, �e�ai�.ed by Borrower
<br /> sha11�ot��e�a�d ou�of�he z�ast�ra.���e�racee�s and shal��ae�he sale obligat���� �f Borra�er. I:f t�1e res�at•a�ion
<br /> ar repair�s nati econoir��.ca�1y feasil�le or Lender's s�c�ri�y vsroulc�be lesse�.ed, �he ir�sura�ee p�oceeds sha11 be
<br /> applied to�he�u��zs se�ure�.by i:lzis Securi�y Ins�ru�nen�, whether ar no��her�due, with 1:he excess, if�.ny,
<br /> pa�d.to B��°ravve�. Such��sur�.nce�raceec�s sh�.11 be ap���ed in the a�d.e�provided for�n Sec�ion 2,
<br /> rf�orrower a�bar�dans�he Proper�y, Ilender�nay f��e, �ego�iate a�d se��Ie any a�ailab�e i�suraz�ce claim and
<br /> rela�ec���na��e�s. �f�o���ower doe5 no�res�ar�d w���lir�3�days�o a notice from Lend�r�ha��he insu��at�ce
<br /> carrier has offer�d�o se�t�e a clai�n, th�r�Ler�der�nay�zego�ia�e a�d seti�le���e clai�n. The 3�--d.ay period�w�ll
<br /> begin when�he no�ice is given. In�i�her even�, or if Le�lc�er�.cc�uires�he Pra��r�y u�de�r Sec�io�2�or
<br /> o�herv��se, Borrovver l�ereby assigns�o Le�:der�a}Borrow�r's righ�s�o any insurance proceec�s T�1 an a�nount
<br /> no��a excee�the a�r�oun�s u��aid ur�c�er�he No�e or t1�is Secu�ity�nstru�tne��, and�b} aiz�other of
<br /> Borrower's rights �other�han�he arigh��o at�y refur�d of unear�.ed pre�r�iums pa�d by Bo���av�er}u�.der�11
<br /> ir�surance�olicies cover�ng�he P�aper�y, itlsofa.r as�u�h r�glz�s are app�ica�bl��o�he coverage of�he
<br /> Pra�er�y, Lend�r xnay use�he x�lsura��e proceec�s��the��o�epair or restare�ha Proper�y�r�o pay am�un�s
<br /> ur��aid�nder�he Note or�his Security Instru�nen�, whe�he�r or not ther�ci.uee
<br /> 6. ���u p�n�y. �o�xo�t7ver sha�1 accup�, e�tablish, �.nd use�h�Pr�perty as Barro�ve�'s principal resid�r�ce
<br /> vvi�hrri�� da�s af�er�1�.�execu�ioiz of thi� Securi�y Instrumen�and s�a�1�on��r�tt��� occupy the Proper�y.as
<br /> Borxawe�-'s px+i�lcipa.l residence for at 1e�s�o�1e year after�f1e�.ate of occupar�cy, uril�ss Lender ot�ze�w�se
<br /> agrees�n wri�i�g, which consen�sha1��.ot be ur�.reasafza��y wii:hhe�d, ar u�1less ex�enua�ir�g ci�cums�a.�ces
<br /> �xis�vv�.ic���e beyond Borrowe�r's con�ro�.
<br /> 7. Preser�ation, M ain�enan�� �nd �ro�ec�ion nf the Proper�y; In�p�c��on�. �orrower shall�.o��.�s�roy,
<br /> c�a�nage or itn�air t�le Propet•ty, a��ow���xe Pra�er�y�o de�e�iora�e or co�n�r�t�vas�e on�he�'r�per�y, �.ze��1e��
<br /> o�x�a�Bo�rra�rer is re�idi�g��1 the Px�o�er�y, �3��rower sh�.�1 ma��z�arn�he Pt�o�e�ty�n order t�p�eve�����e
<br /> Prop���y fra�n c�e�e�rro��ating ar decre�s��g in valt�e due ta ff:s cfl�adi�iox�. Un1�ss �t�s de�ertnined purs�ta�zt�a
<br /> S���i��� 5 ��za��epair ar��sto�a��on is no��cono�rucally r�as�b1�, Lorrower sha11 proxn�t��r�pair�he Prop�rty
<br /> �f c�air�ag�d�o a.voxd f�.���ler c����rfot•a���n��d.a�n�g�. If zn�urance or ca��detruzatiio��roceec�s�.�e paxd iiz
<br /> cannec�Yon w����.damage�o, o�the�a��i�lg of, �he Propet�y, Bor�-awe�s�za11 be�esponsible f��•repair�ng or
<br /> ��s�aring t�ze Pro���ty or�1y if Le�der ha�re�eased praceec�s Fo��suc�.purpase5. Len�.er m�.y disburse praceeds
<br /> 24UflIID93
<br /> iJEBRASI�A�Sinc�l��amily-Fannis M ael�reddie M ac UNI�ORM fNSTRUM ENT �orm 3�28�1�1
<br /> VM P Q VM PB�NE���3Q2}
<br /> Vllolters Kluw�r Financial S�rvices Pa�e 7 af�7
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