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��15�4979 d.ama�e tv,ar destruction�f,the Prop�rty,su�h pfllicy shal�in�lude a standaxd martgage c�ause and sha11 ��I.�nd�r as mortgage�andlor as an additianal loss payee. In txie e�e�t of lvss,Bflrrnvver sha11 give prompt nvtice to the insuran�e camier and�ender. L,�nder may mak�e pr�af af lass ifnot made prompt�y�y Barrower.Unless Lender and Borrower�ther�is�agree�n ��it�ng,any in�urance proceeds,�h�ther ar not the under�yin�insura�n�e�as require�by L�nder,sha�i �ae ap�ali�d�ta r�estorat�ian or repair of th�Property,if the restara#�an ar repa�r is e�onamically feasible and �nder's securi7ty�s not le�sened.During such re�a.ir and re�toration period,Lender sha1�have the right � �a�ld su��insurance pr�ceeds unti�Lender has had ar�apportunity ta inspect such Property ta ensure the�Qr�ha�been carnpl�ted�a Lende�'s�atisfaction,pravide�that�uGh in5pect�ion sh�l he u.ndertal�en �rampt��.Lend�r rnay d�sburse�raceeds for th�repa,i�s and restorativ�in a sing�e payment�r in a serie� of pragress pa�ment�as the vv�rl�i�c�mpleted.Unless an agr�em�nt is mad��n wr��.ng or App�i�able Lavv requires ir�terest to be pa�.�on such�nsura�n��pr�ceeds,Len�.er sha��nat�e required ta pay Barro�ver �ri�int�rest�r earnu�gs�n such praceeds.F�es far publi�adlu�ers,�r�ther third p�es,retai�ed by I�orr�wer sha1�n�t be paid out af th�insurance proceeds ar�d sha�l be th�sale�hiigati�n af Borrower. I�th�restora#ic��r repa.ir is n�t economically feasib�e or I�nde�'s security v�rauld be less�ned,the in�urance prac��Is shal�be app�ied ta the surns secur�d by this S�curit�Instrument,whether nr n�t th�n d�e,v�rith the exce�s,�f any,paid t�Bvrrvwer. �uch insuran��r4�eeds sha11 be a.��lie�.in the order pr�vide d fvr in S�cti�n 2. If�3vrr�vver aband�ns the Prapert�,Len�er may fi��,ne�otiate and settle a�ay availab��insu.ranGe��aim and related rnatters.I�Borrov�er do�s nat respond within 34 da.ys to anvt��e fr�m I�nder tha�the inswan�e ca�rxier�as offered ta sett�e a elaim,then I�nder ma�ne�Qt�ate and settie the claim.The 3 U--c�ay p�riad v�rill begin v�rhen the�noti�e is g�ven.In ext�er event,or if Lend�r acqu�res th�Proper�y under Se�t�vn 2� �r ot�ierv�rise,Barra�ver hereby as�igns to Lent�er(a�Barrov�er's rights tv any insura�ce prace�ds in an a�mv�.nt not to e��ed the amvunts unpaid under the�Tvte o�this S�curit�I�stn�.m�nt,and(t��any�ther of B�rraw�r�s right��other t11ar�the right ta any refund�f unearned prerni�ms pa�d by Barrc�wer�under a��i�s�r�n�e�ii�ies��v�rin�the Propex-Cy,insofar as su�h ri�ts are�pli�able to the�vverage af the Pr�p�r�y.L��nder ma�r ust the insurance proceeds eith�r to repa�r�r r�st�re tlze Property�r to pay am�unts �p��un�.�r the�ote Qr#�iis S��u�it�I�s�rie�.t,vv��er a��aot then due. �.�+�up�tn�y,Barrower sha11 a�cup�,establ�ish,and u�e the P�r�pert�as Bormwer's princi�a�.r�siden�� v��thi��ays a�er the e�ecuti�n of th�s S��urity Instrument and�ha11 cvritinue ta accupy the Pr�perCy as B�rrv��r's pri.n.cipa�resider�ce f�r�t�east one year a�er the date of occupancy,u�less I.,�nder ath�rv�r�se agree�in vvriting,which con�ent�ha1�nat be unrea�so�ab�y withhe�d,or un:le�s extenu�ting cir�urnstaa.lces exist w�:ich are beyond Bornower'��antrol. 7. Pre�er�►a#ion, #IAa�nt�nan�e and P��#ect��n �f the Prapert�l; Insp��ti�ns. Bvrrawer sha�l not d��tr�y,�amage ar impa�r th�Praper�y,a�lov�r the Property to�eteri�rate ar comtn�t vvast�on the pra�er�.�hether or nat Borrovver is r�siding in the pr�perty,F3orrower sha1�mai�ta.i.n the Pr�pert�in or�.�er to pr�vent the Pro�r�y from deterivra�ing�r decreasi�g in�a��u�du�t�its condit��n. Unl�ss it is dete�m.in�d pursuant to Se�an 5 that repair�r re�ratian i�not economical�y feasible,Bvrra�ver sha,�� prornpt�y repa�r th�Proper�y if damaged to a�r�id furthe�r deteriorat�on or damag�.If�nsurance or cond�m�xation�r�+�eeds are paid in connection w�th damage tQ,or the tak.�ng of,the�roperty,Borrower shal�b�r��pvnsible for re}�airing or rest�ring the Proper�y anly if Lender has re�eas�d prflGeeds f�r such �!C�C-�g �ilEg1�ASl�A-Sirtgie Family-Fsnrrie AAaelFreddie Mac UNIF�RM INSTRUMENT Form 302811U'� un�� oat�� ��rs Kluw�r Fir�ancia!S�rvioas 2D150709'15.1.D.3112-,,l2Q950123Y Page 7 of 17 *8521742�5�''