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<br />' All xnsux�a�a�.ce po�i�ies r�uir�d by I��ler an.d renewal.s of such�ao��c�es shall he s�je.ct to Len.der's r�.ght tn
<br />�
<br /> �isa�aProve suc�polxcxes,s�a�l inc�ud�a s�andard m�or�gage clause, and shall n�m�e Ler�d�r a�s martgagee
<br /> andlor as an add.�tiona��oss pa�ee. Lender shal�.�a�e the right ta h��d�h��vlicies a.n.d�renewa�certx�cat�s, If
<br /> Len.der re�quiares,�rrvw�r s�prompt�y gi��e to I�acl�r all recexpts c�f paid premiums�nd renewal not�ces.
<br /> If Borrower obtai.ns any form o��nsu�rance coverage,nat a�h�se r�qu�r�d by Lender, for damage to, or
<br /> de�struc�.on af,th��rog�r�y, sucY����cy s�al1 includ.e a�ta�.dard m�ar�ga�e c�ause and shalx nam�e Le�ader as
<br /> n�.ortgagee andlor as an at�d�.�on�xoss pa�e�e.
<br /> �n�he e�ent�f�ass,�rrower s�hali g�ve prompt notice to the insuran�carr�ier and Lender. i�ender may �
<br /> �.ke proof of�v�s if not m,ade�romp�ly b�B�rr�wer. IJn�ess Lender and B�rrower�therwise agr�in �
<br /> vvr�t�ng, a�n.y i�ur�n.c�proc�s,�v�e�,ier or n�t the un�.��r�ying�urance was requaar�.by Len�er, shall be :
<br /> app�ied to�estorati.vn�r repa�r o�th�Pro�,if th�restoarat�on or r�pa�.r is ecfl�amieally feasxb�e and �
<br /> �
<br /> �en.d�r's se�rit�i�n�t�es��. L�uri�.g s�ch repair and-�tv�on�riad, L�:n.der shall ha�e the�ght to ;
<br /> �
<br /> .ho�d�uch�s�ura�ce p�.s until i�aad�r has had an op�o�unity to�t such�ro�rry ta�nsure the '
<br /> �
<br /> work�s b�n co�.piet�I to L�n.der's sat�.sfa�#�.an,provided#�t�uc�' 'on shall be un�.erta�eha i
<br /> prvm�tiy. �er mday d�s�urse�r��faar the repai�s and��ra�ion�a siug��payment�r in a series vf 1
<br /> p�rogress pa�e�nts a�#�e�ork i.s camp��d.. Unless an� t x.s m�.��n wrxting or A�p�xc�.ble�w
<br /> i'�U1Te.S IIIt�'�ta��C�Dri�Ch in��ran�pr��.S, �����.0 not���.to�y Bo�fl���y
<br /> i�a�ter�t oar e,arnifngs on such pr�eeds. Fees for publ�c adju�ter�,ar other third par�es,retain�:b�Borrower
<br /> sh.a�1 not be paid out of the u�suran�e pr�s and s�.all be the sv��obligation of Borrower. If t�.e re�torat�on
<br /> or repa�ar xs not ecan�mui�alXy fe�sible ar Lender's se�urxty�w�u1d b��essened,t��vaswrance praceed.s sh�be
<br /> agplied ta the su�s se�u�red��th�.s Security , v�hefi�.er�r not th�n due,w�#�.t�.e ex�cess, xf an�,
<br /> pa�.d to Borrovver. Such i�n.surance�roceed5 sba1�be aPPlied.xn�ie arder pro�cle�.fvr i�n�tion 2.
<br /> If B�orrov�er ab�n.dons the Froper�,I�der may�e,negot�ate and s�tt�e any ava�la��e iu�suran.ce c�aum and
<br /> re�ated m,a�.ters. If Borrower daes n�t respon�.�th�n 30 days to a�v�.ce from Lender that the xnsu�rance
<br /> carrxer has�ffer�d to set�le a claim,the�n�Lender ma�neg�t�ate an�.sett�.e�ie c�aiam. �`he 30-day period v�x11
<br /> b�gin�vh�a the not�ce�s g�ven. In e�th�r e�r�nt,or�f I�der acqu�iares the Pr��y und�r Section 22�r
<br /> oth�i�e,Borrower�ereby ass�gn�t�L�n.d�r�a)�3ax-�row�r's right�to any' pro�d�u�,an.am�.own,t
<br /> n�t to exceed the amount�unpa�d under tbe Nvte nr this Se.:curxty , and�b}an�otber of
<br /> Borrower'�right�[other than t�e r�g�t tv any refun�i of unearned.pr�mi�u�rns pa�d by Bporrawer)under all
<br /> u�urance�li�i�coveru�;g t�e Pr�perty, �ofar as suc��.ghts ar�a�xplic�b�e t�t�ie co�erage of the
<br /> Pro�er�y. I�nd�r�m,a�use t�.e�c�p eith�r t�ar�pa�r ur re�tore the Pr��or�o�ay amn�nts
<br /> unpai�uncier the Note or t�s�ur�t� t,wheth.ez or n�t th�u due.
<br /> 6. Clccupancy. B�rrov�er shall�cup�,es�abl�sh,and us�t�.e Pra�as Borrower's princ�pa�r�sid�nce
<br /> wx�in.�d.a.ys aft�r the execution of�his Securit�r and shall cvn�aaue to occupy t�ie�'ro�y�s
<br /> Borrower's pr�an.cipal residenc�for at 1�one year after�e da�a�o�cu�ancy,un�ess J�n�.�r o��
<br /> agr�s�n writ�ng, w�.�.c�ns�n.t shall�at�e u�areason�iy�rith�eld,or un��,s e��ng ' c�
<br /> e�ist whi�h are bey�nd Bv�ro�r's��tr�l.
<br /> 7� Pr��ar�rati[tm. �la��tena�nr.e�nr� Prot�on of-th�Prop�rty; �nspec#�a�s.Borrowe�r s�ai�no��oy,
<br /> �am,ag�ar i�aYr�he Praperry,allow�he�'r�rty to�.etear�.vrate ar c�m�a�.t w�s�e vn t�ie Praperry. �h�.er
<br /> vr r�ot Borrow�r xs resxdxng in the Praperty,Barraw�r shall ' ` the Pro�rty in order to pr��nt the
<br /> Property from deterivara�ing or decreasing in value due to its co�d,it�an. i.�nle�s�t xs dete�mined pursuant to
<br /> �ct�on 5 that�repa�.�nr�estnrat�on is�ot�ont��ica1��fe�asibl�,Box�row�r shaL1 pr�r�tly repaxr t�e Pro�ex�y'
<br /> if d�nag�d tfl a�o��.furxher de�er�arati.on.ar dan�age. if' or cande7nnati�n pr�eeds are pa�c1 in
<br /> cvnnectior�wY#h d,amage to, ar�he taking of,the�perty, Borrower shall b��sgonsib�e for r�pa�r�ng�r
<br /> restoring th��rv�er�y on��xf Lender�re�eased.pr�e�s for�uc�purpvses. L.en.der may d�.sb�rse pr�.s
<br /> ��s�stcA sr���r-�r�-F�a M����e��uN�Fa�-i�srRun��rrr �3o�s�ro�
<br /> VAII!'� VMPB=NFa{7 342�
<br /> WoIters K�uw►�F#nanaal Ser�r,es Page 7 of'[7
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