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��15�39�7 <br /> F . <br /> i <br /> L�AN#w ��'�4139�'� <br /> Se��io� �� vr o�hetlnr�se, E�arrow�r her�b� �ssigns to �.ender ��} B�rrvwer's �ights �o an� insur�nce <br /> �ro�e�d� in �n arrfoun� n�t ta e�c��d �h� amoun�s un��id u�der�h� Note ar this ��cur��� in��rum�nt, <br /> and ��} �ny �th�r of�arr�v��r's r�g�ts ��th�r���n �he righ�to an� r�fund a� u��arne� p�emiums paid <br /> by Bor����r} und�r a�l ir��ur�n�� �a�ici�s covering ��� �roperty, ins�far a� such r��h�� �re applica�ie <br /> #o��e c���rage of��e Proper�y. L�r�d�r m�y us���� in�u�ance �roceed����he��� repair ar r�s��r��h� <br /> �raper�y or t�a�a��maun���npaid und�r t�� ���e or fihis��c�ri�� �ns�rum�r��,�h��h�r�r r�o�t�er�due. <br /> G. a�cup�nc�. �3arro�nrer sha�� o�cupr�, ���ablish, and use �h� Pr��e�t� �s �orro��r'� princ�pal <br /> residen���vi�h�n��days aft�erthe execu�ian of��is��cu�if�I�strumen�����ha�l con�inu�ta o��up��he <br /> Proper�as B�rro�r�r's�arin��p�l�esi�enc�for a���as�an�year aft�rthe da�e of occupanc�,un�ess Lend�r <br /> ��herw�s� agr��� in r�ri�ing, �rt�ic� cor���nt sh�ll no� b� unreas�n�bl�v�ithheld, or �nl�ss �x��nua�ing <br /> cir�ums�ance���c�s�v�h�ch �re �eyo�d Borro�r�r's�on�ra�. <br /> �'. �r�:�er�rativ�, �a�r���nan�e �md pr�t��tion �f #he Pr����; ����ec�i�ns. E�+�rrc��r�r �hall <br /> not d�s�roy; dama�� ar imp�ir th� Pr�per�, ����� ��e Pr�p�rty �a de�eri�rat� or�camm���w�ste on �h� <br /> F�raperty. i�llh��he��r not �orr��er is r��s��ing irt �h� �r��e�, Ba�r��er sha�� m�ir����r� �h� ��-�p�r�}� ir� <br /> �r�der�o pre�er�t t�e proper�y fr�m �e��rior��in� or d�creas��g in wa�ue du� �a ��s condi�iar�. l�niess i� <br /> �� �et�rmin�d pursu���� �a S���i�n 5 �h�t r�pai� or r��to�atian �s �a� economic��l�r f�a��b[�, E��r�av�e� <br /> ���1� �r�n�p�l� repair�he �r�p�rt� �f darnaged ta a�o�d fur�he�de��r��r��i�n ar d�mag�. �f��sura�c� �r <br /> c�nd�mr�a��an pro�e���ar���aid in c�n������n�ri�h dar�r�age��, �r the�ak�ng�f, ��e Prap�r�, �orr���� <br /> shal� be resp�nsible ��r repai�i�g �r ��s��rir�� ��� Prop�rt� on�y if L�n�er ha� r�leas�d p��ac�eds f�r <br /> such purposes. L�nd�� m�ry d�s�urse prace�ds for�h� repa�r� and res�ora��n� �n a s�ngle paymen� or <br /> �n �ser��s af pro�res� paymen�s�s����ork is car~n�ie�ed. If�h� �nsurance o��and�rr�na��an� proc�eds <br /> ar� n��suffi���n��� ��pair or r���v���he F'r�p�r��, g�r�o�nr�r is n�t r��ieved af E��rro�nrer's �bli�a�i�n for <br /> th� compl�ti�n �f su�h �r�pair or r����r�fiar�. <br /> L.�nd�� ar �ts �g�n� �n�y m�ake r��sanable ��tr��s u�on and in�p�c���ns v���e P�ope�t�. !f i� has <br /> reasonable���se,i�er�d�r may i��pec������teri�r af��e impro�ern����on the F�rop�er�. L��d��shall���re <br /> �orrow�r no�i�����he�im�of or prior fo su�h a� in�eriar i��p��tian �pe�ifying su�h re�so���le cause. <br /> �. ��rr��r�r's�.+��r��4��1���ti�n.�3orro�rers�a[i be in d�fault if,during�he Laan�pplicat�an pra��s�, <br /> ��r�o�v��ar ar��p�r�ans or e���#��s ac�in� ��th�dir���ion of Barrow��ar�vith ��rr�vuer's kn�uvf�dg�or <br /> con�ent g�v�ma�eria��y fals�, rr�i�l�ading, �r in�ccura�e�nforr����on ar s�a�emen�s ta L�nd�r��r failed to <br /> �ra�r�d�L�nder�ri�h ma�e�ial�nf�rmatia�}in c�nn�ctian wi�h�6��Laan. �I�teri�l r�present��io�s�n�lud�, <br /> bu�are n��I�mi��d��, repr�senta�i�ns c�r�c��n�ng ���ro��r's a�cupan��af�he Pr�p�rty as Barrower's <br /> �rincipa! �esid�n��e. <br /> 9. BProt��ti�n��L��d�r'��n��rest�n�M�1Pr���r�y an�Rig�ts Ur���r�hi����urity!ns#r�r�n�r��. <br /> If �a} 8orro�v�� f�i�s tcr per�ar� ��� c�r��na��s and a�re�m�r��s �an�air�ed in thi� S��uri�y �r���rum�r��, <br /> ��} ����e is a ����� pr�c�eding �h�� migh� s�gnif�can�ly aff��� L�nd�r'� in�erest in �h� Proper� andl�r <br /> r�gh�s und�r�hi�Secur���ns�rumen���uc� �s a proc��di�g �r� bankru��cy, pr�����, f�r c�nd�rnna�io�o� <br /> farfei�ure, for e�f�rce�er��af a �i�n���c� may a��in prio�i� over thi����urifi� ����rurr��n��r�a enfar�� <br /> ia�� or regu�a�ions}, �r �c} E3�rr���r �a� abandon�d �n� Pr�p�r�, ���� Lend�r �nay �d� ar�� �a�y fvr <br /> wha��ver is r��so�a���ar��propt-ia�e t� pro��c�Lende�'� ir�t�r�st i� �h� Proper� �nd rights ur�der th�� <br /> �ecur��y��s�ru��nt, i�c�ud�ng�r�����i���ndlar a��e��in��he valu����h�Rroperty,�nd s�cur��g andlor <br /> repai�in��he Pr���rty. Lender's a��i�r�s�an ir�cl�d�, bu�are n���imi�ed�o: �a�p�yir���ny s��n���cur�d <br /> �y a�ien�nrhicn h�s�ric�ri��over�h���e�uri�y In��rume��;�b}a�pe�r�n�in caurt;�nd��}pay�ng�e��onabl� <br /> ��orne�s'fee��o pr�����i#s ir��eres����he�rop�rty��d1ar righ��t�r�dc�r�his Securit�Ins�rum�n�t in�iud�ng <br /> i�� ��cured pasi�ion i� � b���r�p��� pro�e�ding. ��cu�i�g th� Proper�� i���ud�s, b�� �s nv� �im�t�� �a, <br /> ente�ing �h� Prap�rty �� ��k� repairs, ch�n�e iac��, r�p�a�e or �oard �� doars �nd �v��d��s, drain <br /> rnra��r fra�t pip�s, e��m�r�a���uilding �r�t��r�ode viol��ions���a�g�rous��ndi�i�r�s, �r�d h�������it��s <br /> ��rned or� or o�f.�41�hough L.�nder��y�ake a�ti�n und�r�hi��e���on 9, �.ender�oes no�h����a d��� <br /> and i� no�und�r any du���r�bliga�ti�n��da so. I�is��reed �ha�Len��r in�urs �o �iabil��fa�no��akir�� <br /> �n}1 or a!I ac�i�ns aut�ori�ed ur�de��his�ec�ion 9. <br /> Any amaun�s disburs�d by L�n��r und�r�hi� ��c��on � shall �ec�rr�e add���anal debt of lBorro��r <br /> ��cured by�his Secur��r Ins�rumen�.The�e a���n�s s���� b��r in�er�s�a��h�h�o��ra��fr�m���d�t�of <br /> disburser��nt and sh�ll be p��ab��,�i�h s�c� i��er���, �pan no��c�fra� �.�n�d�r ta E��rr��ver re�ues��ng <br /> paym�n�. . <br /> If�hi� ��cu���y ln��rum�nt i� on � leas�hv��1, g��-r�vv�r shall cam��y v�ri�h �ll �he pravisivns �f�h� <br /> le���. E�orr��ver shal� no�surr�nd�r th� �����ehold es�a�� and �n���e��s nerein c�n��y�d or t�rrni��t� <br /> �r�an��� �n� ground leas�. Bo�r���r sl�a�� no�, �ifhau��ne exp��s��rri��en c�ns�nt o�Lender, a��e�or <br /> amend t�e �r�und l��se. ff �3arrv�er��quir�s f�� ����e �� �h� Prope�, ��e �e��e�o�d �nd �h� fe� ����e <br /> shall n��m�r�� ur���ss L�n��r agr���to th� m�r�er in�ri�i��. <br /> '��. ��r#g������uranc�.If Lend�r r�q�ired�or�gage�n�u�-��ce�s a��ndi��an o�r�aking�h��.��n, <br /> �3orrower sha��pa�r���premiur�n�r�qui��d ta�a�nt�in����Ilo�tga�e�nsuran�e in�fi�e��. �f,f�r ar�y�e��a�, <br /> �h��o�tgage Ir�su�ance ca��ra�� �e�u�red by �.e€�der cea�es�v be���i�ab��fr�r��t���ortgage ir�sur�r <br /> ��a� prev�ously pro�id�� �uch ���ur�n�e and �ar����� v��s r�quir�� fo rr�ak� s�par�t�ly d����n��ed <br /> paymen�s to�ard t�e pren�i�m� f�r �flort�a�� Insur�n�e, Bo�rQ�ver sh�l� �ay ��e pre�iurns r�quired <br /> �a ab�a�n �a��ra�� substant�a�l� equ��►a�ent �o �h� �artgage �nsuran�e pr��iau�l� �n �e�f�ct, at � co�� <br /> sub��an��al�y �qu��alent�a t�� c�s��� B�rro��r of�h� I��rtgage in����r�ce �r��iou�l� �n �ffe�t, fr�rn �� <br /> Ni���►��K�1--Sin�le Fam'r!y_-�a�nie I�ae1�`�+�dd�e 1V����N1F�I�I4��NSI����IE�VT�c��m 3����1D� <br /> E�lie Mae,Inc. 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