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<br /> All insurance policzes requir�d b� Lender and renewa�s of such pali�ies �hal�be sub�ect to Lender's righ�to
<br /> disapprave such ptilic�es, shall includ�a standard mor�gage c�ause, and shal� name L.ender as mor�gag�e
<br /> andlor as an additiona� �oss pa�ee. Lender shall ha�e th�right ta hold the po��cies and renewai cert�f�ca�es. �f
<br /> Lender requ�res, Borrower sha�l pramp�iy gi�e�o Lend�r all r�ceipts af�aid premiu�ns and renewal n�tices.
<br /> If B�rrawer obta�ns any f�rm of insurance cov�rage, not otherwise r�qu�red b� Lender, fflr dama�e�a, or
<br /> destruction af, the Proper��, such po�icy shal� in��ude a s�andard mortgage c�ause and sha�i name L�nder as
<br /> mor�gagee andlor as an additianal �oss payee.
<br /> In the e�ent of loss, Bnrrawer shall give pr�mpt notic��a�he�n�urance carrier and Lender. Ilender may
<br /> make proof of�oss if not made promptly by Borrower. Unless L.ender and Barrov�er otherwise agree in
<br /> writing, an� insurance pr�ceeds, wh��her or nat fhe underly�ng �nsurance was required by Lender, sha�� �e
<br /> appiied�o res�arat�on or repair of the Proper�y, if the res�ora�ion or repair is econom�call� feasible and
<br /> Lender's security is not lessened. During such repair and res�oration period, Lender shall ha���he righ�to
<br /> ho�d such insurance proce�ds until Lender has had an oppo�.unit� �o �nspect such Praper�y�o ensure th�
<br /> work has been�ompleted�a Lender's sat�sfa�tion, provided that such inspect�on shal� be undertaken
<br /> pr�mptly. Lend�r may d�sburs�proceeds for�he repairs and res�ora�ian in a sing�e payment or�n a series of
<br /> progress pa�nZ�n�s as the w�rk is comp�e�ed. Un�ess an agreement �s made�n writing or Appl�cab�e Law
<br /> requires interes��o be paid�n such insurance pr�ceeds, L.�nder shal�not be required ta pay Borrower an�r
<br /> in�erest ar earnings on such proceeds. Fe�s far public adjusters, or other�hird par��es, retained by Borr�vver
<br /> shall not be paid out of the �nsurance praceeds and sha��be the so�e obl�gation of Borrov�er. �f the restflration
<br /> �r repair i�no�economica�iy feas�ble or I.ender's security v�ould b�lessened, the insurance praceeds shai� be
<br /> applied�o the suxns s��ured by this Security Ins�rument, whe�her or no��h�n due, wi�h the excess, if any,
<br /> paid t� Borrov�rer, Such �nsurance proceeds sha�l be applied �n the order prov�d�d for�n Sectian 2,
<br /> �f Borrower abandons the Proper�y, Lender may ���e, negotiate and se�t�e an� a�ailable insurance c�a�m and
<br /> re�ated matt�rs. �f Borr�wer does not respond within 30 days�o a n�tice frnm Lender tha�the insurance
<br /> carrier has offered�a se��le a c�aim, �hen L�nder may neg��ia�e and settle the ciaiz�n. The 3�-da�per�od wii�
<br /> begin v�h�n�he notice is given. �n��ther event, or if Lender acqu�r�s the Propert�und�r Sectian 22 ar
<br /> o�herv��se, Borrov�rer hereby assigns to L�nder�a} gorrower's righ�s to any insuranc�proceeds in an arnounr
<br /> nat to ex�eed�he am�unts unpa�d under�he Not�or th�s Securit�Ins�rumen�, and��} an�o�her of
<br /> Borrawer's rights �o�her than the r��ht to any refund�f unearned premiums paid by Borrower} under aIl
<br /> �nsurance po��c�es cover�ng the Proper�y, �nsofar as such r�gh�s are app�icable�o the cov�rage of�he
<br /> Proper�y. I..�ender may use the insurance pro�eeds e�ther to repair or res�ore�he Property or to pay amounts
<br /> unpaid und�r the Nate or this Securi�y Ins�rument, vvhe�her ar not then due.
<br /> 6. �ccupancy. Borrower shaii occupy, esta��ish, and use the P�-operty as Borr��u�r's pr�ncipa� residence
<br /> within�D days after th�execution af this Secur�t� �ns�rument and shall cant�nue�o oGcup� �he Prapert�as
<br /> Borro�er's prinGipal residence f�r a� least one year after�he da�e of occupancy, uniess Lender oth�rwise
<br /> agrees �n writing, which Gansen�shal�not be unreasanably wi�hhe�d, �r unless ex�enua�ing��rcumstances
<br /> exist vvh��h are beyond Borrav�er's co�ntrol,
<br /> 7. Preser►rativn. �Ll�aintenance and Protect�on �f the Pr�pe�ty; lnspect��ns. ��rrower shal�not d�stroy,
<br /> damage or impa�r the Proper��, allo�v the Prop�rty to deteriarate ar commit waste on th�Prflp�r�y. '�U'he�h�r
<br /> or not Borrow�r is res�d�n� in�he Pr�per��, Bo�rower sha�l ma�ntain�he Properr� in order�o pre�en���ae
<br /> Property from de�er�ora�ing or decreas�ng in value due to its c�ndi�i�n. L�'nless it is determined pursuant to
<br /> Sectian 5 that repair ar restaration is n��econom��ca�l� feasib�e, Barrower shall promptly repa�r the Proper��
<br /> �f da�maged ta a�o�d fur�her det�rioratian or damage. �f�nsuran�e ar condemna�ion proGeeds are paid in
<br /> �annection wi�h damage to, or the�aking of, �he Proper��, Borr�w�r shali be respansib�e far repairing or
<br /> restflring the Proper�y only zf Lender has re�eased pro�eeds for such purposes. L,ender may disburse proc��ds _
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