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<br /> A�l �nsurance pa�ic�es requ��ed by Lend�r and reneu�als�f such poli�ies shal�be sub�e�t ta L�nder's right�o
<br /> d�sappra�e such poiicies, sha�� inc�ude a�tandard mortgage clause, and shail name Lender as mor�ga�ee
<br /> andlar as an additional lass pa�ree. Lende�-shal�have�he r�ght to ha�d the paiic��s and renewal certif��ates. �f
<br /> L.ender requires, Borrower shall pramp�ly gi�re to L�nder al�receip�s of paid prer�aiums and renewa�not�ces.
<br /> �f Borrower abtains any far�n of insurance ca�erage, not o�herw�se requ�red b�r Lender, fo�r darnage�o, or
<br /> des�ruction of, the Property, su�h policy sha�� include a s�andard mor�gage c�ause and shall name L�ndcr as
<br /> mart�agee and�or as an addi��onal loss payee.
<br /> �n th�event of loss, Borrower shall give pr�mpt na�ice tfl t��e�r�surance car�ri�r and Lender, Lender may
<br /> mal��pr�of�f loss if nat made prornptly by Borr�wer. Unies�Lender and Borrov,rer o�herwise agree in
<br /> writ�ng, ar�y insurance pr��eeds, whe�her ar n�t the underl�ing insurance was required by Lender, shall l�e
<br /> appl�ed�a restarat�on ar repa�r of the Froper�y, �f the res�ora�inn or repair is�c�nom�cally feas�ble and
<br /> Lender's�et;urity�s not lessened. Dur�ng such r��a�r and restorat�on period, Lender sha��ha�e the right to
<br /> ho�d such insurar�ce praceeds until Lender has had an oppor�unity�Q inspect such Praper�y to ensure the
<br /> �vork has b��n comple�ed to I.�nd�r'�sat�sfaction, pro�ided�hat such inspection shall he under�aken
<br /> promptly. Lender rnay dis�urse praceeds far the r�pairs and restarat�an in a sin��e payment or in a series�f
<br /> pragress payments as the vvork is campl�ted. I�nless an agr�emen��s made in writing or Applicable Law
<br /> requires interest ta be paid on such insurance pr�ceeds, Lender shall not be required to pay Borrower any
<br /> int�r�st�r�arn�ngs on su�h p�ro��eds. Fees fo�publ�c adjusters, �r�ther th�rd par�ies, retained hy B�rra�ver
<br /> shall n�t b�paid out of�he insurance proceeds and shai�be�he sole ob�igat�on of Borr�wer. �f�he restara�ion
<br /> ar repair�s na����nam�.ca�ly feas�b�e or Lender's se�urity�ould be lessened, the�nsurance prQceeds shatl be
<br /> appl�ed ta the sums secured by this S�curi��Instrurnent, whe�her or not then due, wi�h the excess, �f any,
<br /> paid�o Borrawer. Such in�urance proceeds shall be app��ed�n�he order pro��ded far in Sect�on 2.
<br /> If Borravver aband�ns the Prop�rty, I.�nder may f�ie, negotia�e and set��e a��y available�nsurance claim a�.d
<br /> re�ated matters. �f B�rrower does no��espond w�th�n 30 days t�a not�ce frorn Lender tha�the insurance
<br /> carrier ha� o�'fered to se�tle a�laixn, then Lender rna�nego��a�e a��d set��e the�laim. The 3�-da�peri�d will
<br /> �egin when th�notice is given. In ei�her e�en�, ar if Lender acquires the Property under Section�2 or
<br /> �therw�s�, Borrower hereby assigns�o Lender�a�Barrower's rights to an� in�urance proc�eds in an am�unt
<br /> no��o �xceed the amounts unpaid under the No�e or th�s Security Instrumen�, and�b}any oth�r af
<br /> Borrower's righ�s (other than the righ�to any refund of unearne�.prerrllums paid by B�rra�v�r}under all
<br /> i�surance po�icies covering�he Praperty, insofar as such righ�s are appl�cab�e to�h�coverage af the
<br /> Proper�y. Lend�r ma�r use the in�urance proceeds ei�.her t�repair or res�ore the Pr��erty�r to pay amounts
<br /> unpaid under the Nate�r this Securi�y�nstrument, whether or no�th�n due.
<br /> �. Qccupancy. Ba�ro��r�r shall occupy, es�abl�sh, and use�he Pr�p�rty as Borrower's pr�ncipal r�sidence
<br /> v�rxthin G�days after the execution of�hts Secur��y Instrument and shall continue���ccup�the Proper�y as
<br /> Borrower's principal residence far at�east one year af�er the da�e of accupancy, unl�ss Lender�therwise
<br /> agrees in wr��ing, which consen�shal�not be unreasonab�y w��h.�.e�d, or un�ess ex�enuatzng c�rcumstance�
<br /> exist which ar�beyond Borr�w�r's contro�,
<br /> 7. Preser►ration, Ma�ntenance and Prnt�ctian nf the Prvperty; lnspectians. Barraw�r shail not destro�,
<br /> damage or impa�r the Prflperty, allo�v the Proper�y�o deteriorate ar cammi�was�e on the Property. Whether
<br /> ar not B�rrower is resid�ng in the Proper�y, Borrower sha��maintain the Proper�y�n order�o prevent the
<br /> Proper��from detier�arat�ng or decreasing in value due�o its c�ndi�ion. Unless�t is det�rrnined pursuant to
<br /> Section 5 that repair or restQrat�an is nat econom�ca�l�r feasib�e, Borrower shal�promptly repair the Proper�y
<br /> if damaged to a�o�d fur�her�ieterioratian or daxnage. If insurance ar c�nd�mnati�n proceeds ar�paid in
<br /> connec�ion with damage��, ar the taking af, the Property, Barrower sha�l�e res�on�ibl�fQr r�pa�ring o�
<br /> restor�ng�he Praper�y onl� if Lender has re�eased p�a�eeds for such purp�ses. Lender may disburse praceeds
<br /> NEgRAS�CA-Single Family-Fannie MaelFreddie Mac UNIF�ftM INSTRl1M�NT �arm 3�28 1�0�
<br /> VMP� VMP6(N�}{'�3D2)
<br /> Waliers�iuwer Financial 5er�ices Page 7 of 7 7
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