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��15�5111 <br /> A�� insurance p�liG�es requ�red by Lender and renewdls of�uch p�l�c�es sha�l be su�jec��a Lender's right t� <br /> d�sappr�ve such pa�icies, sha1l include a stan�ard mortgage c�au�e, ant�sha�l narne Lender as martgag�e <br /> andlar as an additi�nal lo�s p�yee. Lender shall hav�the r�gh�ta hold�he palicies and renewal cer�i��at�s. �f <br /> Lender requires, Borrower sha11 pr�mpt�y gi�e to L.�nder all receipts of paid pr�rniurns and renewal natices. <br /> �f Barrawer obtains any farm of insu�ranc��o�erage, na�o�herw�se required by Lender, far damage tQ, ar <br /> destruct�on af, �he Proper��, su�h po�icy shall include a standard mor��a�e clause and sha��name Lender as <br /> rnortgagee andlor as an addi�i�nal la�s pa��e. <br /> I�x�he even�af�oss, Borra�ver shal� g��e prampt notice to th�xnsurance carrier and L.�nder. Lender may <br /> rnake pr�nf of lass�f not made prornpt�y�y Borr�v�rer. �Jniess Lender and B�rrow�r atherwise agree in <br /> wr�t�ng, any insura��ce praceeds, whether or not�he underlying znsuran�e was required by Lender, shal�be <br /> a�plied to restoration or repair of the Proper�y, if�he res�aration or repair is economi�a��y feasi�le and <br /> Lender's securxty�s not lessened. During such repair and rest�ra�ron periody Lender sha��have�he right t� <br /> ho�d such insurance proceed�un�il Lend�r has had an appor�uni�y ta in�pect such Fr�p�r����ensure the <br /> v�o�rk has been cornp��t�d to Lender's satisfaction, pravid�d�ha�such inspection shai�be under�aken <br /> promptly. Lender may d�sburse pr�ceeds for the repairs and res�oration�n a single payrnen�or in a series of <br /> pragress paymen�s as t�.e work is carnple�ed. Unless an agreemen��s mad��n�vr�tzng or App��cabie Law <br /> requires in�erest�fl be pai�.an such insurance praceeds, Lender shal�not be requ�red�o pa�Borrovver any <br /> �nterest ar earnings on such prac�eds. Fees for publ�c ad�usters, or ather th�rd par�ies, re�a�ned.b�Borrower <br /> shall no�be paid au�of the insurance proceeds and sha��be the so�e ab�igat�an of Borrower. �f�he restarati�n <br /> �r repair�s not econami�ally feasible or Lender's secur�ty would be lessened, the�nsurance pr�ceeds shal�be <br /> appiied�o�he sums s�cured by�his Securi�y Ins�rurnent, v�rhether or no�then due, wi�h�he ex�ess, �f an.y, <br /> pa�d t�Barra�er. 5uch insuranc�praceeds shall be app�ied in the order pro��ded far in Sect�on 2. <br /> �f Borrower abandons the Properry, Lender may fiie, negoria�e and settie any awailable znsurance claim and <br /> rela�ed mat��rs. �f Borrower does nQt respond w�thin 3�days to a no����from I.�nder that�h�insurance <br /> carr�er has off�red to se�t�e a clairn, �hen Lender�rzay negotia�e and se��l��he c�aim. The 3�-day period vv�ll <br /> be��n vvhen th�no�i�e is given. �n ei�her event, flr if Lender acqu�res the Prflperty und�r Se�tion�2 ar <br /> otherwise, Barrawer hereby assigns ta Lender�a� �3arrawer's rights�o any insurance proceeds xn an a.rr��un� <br /> not�o exceed the amaunts unpaid under the Not�ar this S�cur��y Instrumen�, and(b}any ather of <br /> Borrovver's righ�s�a�her than the right t�any refund of unearned prernium.s paid b�B�rrower}under alI <br /> insurance poli��es covering�he Fraperty, insofar as such r�ghts are appli�ab�e�a the c��erage of�he <br /> Prflperty. Lender may us�the insurance pr�ceeds either to repazr or restore�he Proper���r to pay amounts <br /> unpaid under the No�e or this Securi���ns�rumen�, v�rheth�r ar not then due. <br /> 6. C)ccupaney. Barrower sha��ac�upy, �stablish, and us��he Praper�y as Borrower's pr�ncipal residenc� <br /> vvi�h�n�D days after th�executian of this Securi��Instrument an.d shal�continue�o occupy�he Pr�per��as <br /> Borrower's prine�pal residenee for at�east an�year after�he date of accupanc�, un�ess Lender o�h�rwxse <br /> agrees in writ�ng, v�hich conscnt sha��na�be unreasnnably w��hheld, or un�ess extenuating c�rcum�tan�es <br /> exist which are beyond Borrower's contro�. <br /> 7. Pr�s�rvativn, Maintenance and Pr�tectivn of the Prvperty: lnspectivns. Lorrow�r sha��not destrayy <br /> damage or impair�he Proper�y, a�low��e Praperty to de�er�orate ar commi�waste an�he Property. Wh�ther <br /> or not Br�rrow�r is residing in the Property, B��-row�r shali mainta�n the Proper�y in order�o pre�rent the <br /> Pr�per�y fro�n de�er��ra�ing or d�creasing in va�ue due to�ts condition. Uni�ss i�is determ�ned pursuan�to <br /> Sec��on 5�hat repair ar res�ara�ion�s not ecflnamica�ly feasible, Barrower shall promp���repa�r the Praperty <br /> if damaged t� avoid fur�her deteriara�ion�r damage. �f�nsurance ar conde�nn.a�ian proceeds are paid �n <br /> conne��ion with damage t�, Qr the ta��ng af, �he Property, Borr�wer sha�l be r�sponsib�e for repairing flr <br /> restoring�he Proper�y only if Lender has released proceeds for such purposes. Lender may disburse proceeds <br /> N�BAASKA-5ingle Famity-Fannie Ma�l�reddie Mac UNIFORM INSTRl1MENT �arm 3��8 11�'� <br /> VMP(+} <br /> VMP6(N�j t134�y <br /> W�Iters Kli€wer Financia!Ser�ices Page 7 of 17 <br />