,
<br /> ��15�39�7
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<br /> L�AN #: 33'I4'�39�'1
<br /> or gr�un� r�n�� �n th� F�ropert�, if an�, a�d �a��uni�y As�a�ia�io�r C��es, F��s, and Ass�ssmer��s, �f
<br /> a��. To�h��xt�nt�ha��h�ese i��r�n��r� Escro�v ltems, Sorr�►��r shall pa��h�m in�h� m�nr��r p�ov�d�d
<br /> ir� 5ec�ion 3.
<br /> Borra�r��sh�ll pramp�l� ���charge any ���n �rvhic� has� pri�ri��r �v�r�his S�curi�y Ins�rum��� u�ie��
<br /> Bo�ro�er:�a}a�r�es�n�ritin��o th�payr��������e�bl�g�t�o�s�cured����e iien in a rn�nr�er a���pf�bl�
<br /> ta L�nd�r, bu��n��s�lang as g��ro�er i�pe�f�rmin� such a���emen�; �b}con���t��h�li�n i�g��d fait�
<br /> b►�, �rdef�nds�gains�enforc�men�affihe���r��n, legal pr�ceed�n���r�i�h�n Lender's opini�n�p�r��e to
<br /> �ar�rr�nt�he�nf�r��m�r��of�he[����hi�����s�p��ce�ding�are pending, bu�an��unti�s��f�p����ed�ngs
<br /> ar�c�n��ude�;or��}secu�es fr���he holde�af�he�i�r��n a�r�em�n�s��isfac�ory�a Lend�rsubordir��ting
<br /> t�e lien�o��is Securi�� Ins��um�n�. �f Ler�d�r de�ermines�ha��n�pa�t�f�h� Pr�per���s subjec����6��n
<br /> v�rhi�h �an attair� pri�ri�y �v�r�hi� S��uri�y ����rume��, Lend�r ma� give �arro�v�r a n��ic� �de�tifyi�g
<br /> tne �i��. �111��hi� 1�days of�h� dat�on whic� �h�t natic�is given, �orr��rer sha[I �a#isf� th� �ien or t�k�
<br /> ar�e or mor�of�he act�ons s�t fo�h abo�� in this S���ion �.
<br /> L�nd�r may requir� �orravlr�r �o p�� a �r��-�im� ch�r�e fvr a rea! ����t� �ax ►�e��fi�a��on andlvr
<br /> repo�t�n� �ervi�� ��ed �y �.end�r in c�nn�ct�or�v�rith �h�s �.�an.
<br /> �� �r���r�t�sur�r�c�.�3or�o�ers��ll k����he impr��rem����n�v�r e���tir�g or here�fter�rec��d an
<br /> �he Pr�p�rty i�sure�again�tl��s b��ire, h�za�d�included�i�hin�h��erm"ext��d�d co��erage,"and��y
<br /> ��her h�zards i�c�uding, bufi nQ�[�mite���,���t�tquak���n�fl��ds,f�r�nich L��nd�r r���ir�s�nsuranc�.
<br /> � Th�s�nsur-ance s�al� b�main��in�d in�h��nnounfis�i�c��ding de���tib�e i�����}�rt�d far�he ��riads��a�
<br /> ` L�nd�r r�qu�r�s. 1l�f�at L�nd�r req��r�s pursuan� �� �h� �re��din� s�n�er�c�s can ch���� dur�ng th�
<br /> ��em of�he Laan. T�� ins�rar�c�ca�r���p�av�ding th� insur�nc���ai[ be chos�r� by Borr�►�u�r su��e��fio
<br /> L�nd�r's rig���o d��ap�r�v�E��rr���r'���oice,�hich ri�h�shai��ot�e ex�����e�unreas�fla�l�. �.�r��er
<br /> m�y r�quir� B�rr���r�� pay, in connection v�it� �h�s Loan, �;ther: �a} a an�-�ime charg�for flood zone
<br /> det�rmina�ion, c�rt�fic�tion �nd�r�c�ing�erWic�s; o��b} a�n�-tirne c�arg�fQr�Ioo�zone d���r��n�tion
<br /> �n�cer�ifica�ivn s�r►�ice�an��ub�equ�r�t�h�r�e�e�ch����rem��pings�r sir����r chang��accurv�hich
<br /> reasonabl� mi�h�affe��such� d���rm�n����n ar c�r#if�ca�i�n. B�rra�er�hali a�so b� respo�sibfe f���h�
<br /> pa�m�nt af�ny fe�� �mpased b� �he Fed��al �m��genc� I�a�ag���nt�gency i� ca�nec��on vvi�� the
<br /> rev���v of�ny f��od ,�on� de�er��natian r��u��ing from an obj�cti�r� by Bar�our�r.
<br /> !f gorr��er fai�s to �n��r�ta�n an�r �f��� �ca��rages de��ribed ab��e, L�nd�r rr�ay ab���r� ��su�a���
<br /> c�ver�ge, �t L�nd�r'� o����r� and g�rr��rrer'� expen�e. �.�nder i� un��r no ab�i����on �o pur�ha�� ar�y
<br /> p��icu��r�ype�r�moun�of c��era��.Ther�fore; such co��rag��h�i!cov�r Le�d��, bu�m�gh�o�m��ht
<br /> na��ra��c�g�rraur�r, E��r�a�er's e�ui�}�in�h� Prop�r�y, or�he��ntents of the F'r�per�, a�a�n�t any ri�k,
<br /> haz�rd or f�abi��ty and m�gh�pr�vi�e gr�a�er�r���s�r�ove�age�h�n�as�re�ia�us�y in �ffect. �ar�o��r
<br /> acknoVvledg�s t�a���� cos�af�h� i�sUr���� �avera�� sa �bt�in�d m�gh��i�ni#ican��y �xc��d �he ���t
<br /> of�nsura�ce�ha� �orrow�r�c�u�d �tave���a�ned.Any amoun��d��burse�d by �.er�der und�r�his S���i�on
<br /> � sh��l becom� �ddi�iana� d�b�of�o�ro��r s��cu��d b� �hi� ����ri� Ins��urr�e��. The�� �m�un�s ��a�1
<br /> ��ar i���re��a��he ���e rat� fr�n� th� d��� af d[sbur�enn�n� �.r�d s��f� b� �ayab��, v�i�h �u�h in�ere��,
<br /> upvn n��ic���om Le�der t� gorrower requ��fi��g �ayrn�n�.
<br /> . �11�r�sur�r���policie�required b��.�nd�r ar�d ren�r��ls of such pa�icies s���l b�subje�t�o L�r�d�r's
<br /> right�a d�sappr�v�s���h poli�ies, shal� i�cl�de�s�and�rd rr�o�t��g� ��ause, ar�d sha�l nar�� L�r��er as
<br /> mor�g��ee��d1�r as�n��ditiar���foss pa}���.Ler�der sha��h��e���ri�ht t�h�l���e�a�ici�s�r��r����nr�l
<br /> c��tif�cate�. If L�nd�r re�uires, Bo�r�wer�h�1� ��-ompt��gi���o L��d���II re��i�ts�f pa�d �rer�ium��nd
<br /> r�ne�ra�r�o#i�e�. If B�r�oUver ob�a�r�s an�fa�m�f�nsuranc�c�verage, �ot�f�en��s�r�qui��� b�L��d�r,
<br /> for d�mage to, or des�ru��io�of,�h�Pra�er�, suc� ���iG�shall inclt�d����andard mo�t�ag�cl�use and
<br /> sh�l� n�r�� Len��r as ��rtg�gee�ndlor�s ar� addi�ion�l �oss pa�e�.
<br /> �r�th��venfi�af�ass, ���rav���shali ��v� pron��t nat�ce��th� in�ur�n�e carr��r and Le�der. L�nder
<br /> may m�6��pro�f o�Ios�if n��made�ramp���by Bo�ro�er. �n les�L��de�and Borro�r�r oth�n��se ag r�e
<br /> in wri��ng, any insurar�c� �r�c�eds, �I���h�r �r r�o� th� �n��r�ying insura��e �as r�quir�d �� L�r���r,
<br /> sh�����a�pli�d�o rest�ra�iar�or r���ir a����P'ra��r�, if th�r���oratior�or repair i��con�mic�l��f�as��l�
<br /> �nd Le�d�r's����r��is�o��ess����. D�ring such repair a�d r�s�ora���n period, L�n��r sh���nar���h�
<br /> righf�o hold such insu�ar��c� prac�eds un�il L�nde� �as had �n oppo�un�ty�o i��p�c��u�h P�-ope�y to
<br /> �n�ur� �he vvark h�� b��n c�mpl���d �o Lender'� s�a�i�f�c�ion, �r�vided �ha� ���h ins��c���r� shal� b�
<br /> und�r��ken �r�r�r�pt��. L�nder ma�di��ur�e pr�oce�d�far�he r�pairs�nd r�s�ora�ivn in a�ing��payrr����
<br /> �r��a s�ries�f progre��pa�rne��s as th��ark���am�l��ed. Un����an��r�em�n��s m�d��n�vri�ing or
<br /> App�icable�.a�requir�s infierest�Q b�paid on su�� �nsuran��pro����s, Le��e��ha[!�at��r�quired to
<br /> �ay�3�rrv�r�r�ny�r�ter�s�ar�ar�ings on�uch pro��eed�. F��s for�ubii����us��rs, a��fi�er��i�d�ar�i��,
<br /> r��a�ned by Ba�r�v�er�h��l not be p��d o����the���ur�nce pr���eds ar�d shaf� b��h�s���abiig����r��f
<br /> ��rra��r. If the r�s���a���n��r�p��r is not e��nam�caf�y fea��b�e or Len��r's s��uri��r�uld b��e�s����,
<br /> th� in��rance �r��eeds �h��� �� a�p�ied �o th� surn� s�c�r�d �� �h�� ���uri� �r���rume��, ��ether�r
<br /> na��h�� aiu�, �r�tl�the�xc���, if an�, paid�a Barro��r �u�h �nsuran��pra��ed��hal� ��ap��ie� in�h�
<br /> or�er pro�id�d for�n �ec�ian �.
<br /> �f�o�r���r�b�ndons t�e Pra��e�#�, Lender m�� fi�e, r���o�ia�e and se�tl� ��� a�a�l��le insu�ar���
<br /> c��[m and r�la�e� rna��ers. If Borro�nre�do�s no�r�spond����in 3�days t��no��ce from L�n��r�ha��he
<br /> in�ur�n�e carri�r has��f���d�o s�tt�e a���ir�, �h�n �.�nder m��n�g�tia��and s�e��e tne c�a�m. Th� 3a-
<br /> day p�rio��nri[1 b�gin�h�rr th� ���ic� is give�, In �ith�r�v�n�, �r if Lend�r a�quire�t�� �'raperty und�r
<br /> NEB�A��--Sing��Fami��__��nn�e I��e1�'��ddie�la�IJNIF�R�li��l"Rl�i1���T�c�r�n 3�2�'�IO�
<br /> E�lie Ma�,Inc. Page 5 af 1� NE�dE�D �315
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