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��1 5�6649 <br /> Let�der may dis�urs� praceeds f�r the r�pairs and re�toratio�� in a single paymen� or in a series af progress <br /> payme���s a� the �vvrl�is com�leted. Ur�tess an agreement is made in�v�-�ting or Applicab�e La��requir�s ii�terest <br /> ta be paid or� such i��su�•a�1ce pro�eeds, Lerlder sl�alt not be required t�pay Borra��er any it�terest oi•�arnings ❑n <br /> su�h proceeds. Fees for public adjus�ei•s,.or otl�ei• tl�ird parties, retained �y S�rro�ver sflail not be paid aut of�he <br /> insuranc� pi•oceeds a�zd sliall be t��e �al� obl iga�ion of Ba�-rotiver. If the restnratiot� ai•repai�•is��at eco�zo�-n icaI l� <br /> f�asibl� ❑�•Le�lder's security would be lessened, the insurance praceeds s�za�l be a�aplied tn tl�e sums se�ured t�y <br /> �his 5ecu�-ity Ii-�s��-ume���, whet�ler ar no� tl�er� due, v�T�t�1 the e�c�ss, if any, paid t� Bor�•ower. Such rtnsurance <br /> p�-oceeds shall b�appli�d ii�the ordei•p�•o�ided fo��in SectioYl �. <br /> If Bai�i•ower abandons the Propei~ty, Lende�• may f le, negat�ate and sz�t�e any avail�ble �nsui�ance cIaim and <br /> rela�ed rnatters. If Bvrrativ�r daes nat respand within 30 days �a a notice fram L�nder tl�at the insui-ance carr�er <br /> has ❑ffered ta sett�e a ciaim,then L�nder may negotiate and settle tlie ciaim.The 30-day period�vilI b�gin r�vhen <br /> �he na�ice is gi��en. In eit�7er event, or if Lender acquires the Prapet-ty undei• Section 22� ar atl�ei-vt�ise, Borrawer <br /> hereby assi�ns �a Lender 4a} B�rr�wer's rights to any insuran�e praceeds in a�� amount i�o� ta exceed tl�e <br /> . a�-nounts u��paid u��der tl�e Note �r this Se�uri�� Ins�i•ument, a��d �b} any ot��er of Lar�•awer's righ�s �ather tl�a�1 <br /> the rigl7t t� an� �efund ❑f u��ea�-�i�d pre�niurn� paid b� Bo�-rower} u�ide�• aIl insurance po�i�ie� covering the <br /> Pi•ope�•ty; ins�far as such i•ights are applicable �o the caverage af tlie Pr•opet-ty. Le�Yder may use �he insu�•a���e <br /> pro�eeds �ither ta repair ar restvre the Proper�y or �a pay amoui�ts unpard u��der �he �ate ot• this Se�urity <br /> �nstrutnei�t, w��ether ❑r r�ot tl�ei7 duz. <br /> �. �ccupancy. Borrati�rer s��ail accupy, estab�ish, and use the Proper�y as Borrav�er's p�•i��cipal r�side��ce vvithin�4 <br /> days ai�er the e�ecutioti �f this 5ecurity It�st�-u�r�et�t a.t�d shall co�ltinue t❑ occup}r tl�e Property as So�-rower's <br /> pri��cipai residene� for at least o��e �ear af��r�l�e date of occupancy, un�e�s Lender othe�ti��ise agt•ees in u�i�iting, <br /> v���ich consent shail not �e unreasonably wi���l�eld, ❑r unless e�tenuating circumstan�e� exist��v��ich are beyond <br /> Bor�•ower's cont�•al. <br /> l. Preserva�ian, I�aintenan�� and PrvteG��an �f the Pr�per�ys Inspectinns. Barro�e�•shall na� des�roy, <br /> da�n�g� ❑r i�npairthe Prope�-�y, a�lov��th�Pr�perty �a de�eriorat� or commitwaste on the Prapert�. W��e�her or not <br /> BoY•rower is �•esidi�ig in the Prope�-ty, Bari-owe�•sl�al� tnaintaii� �he P�-�pe�-t� i��orde�- �a�i-evel�t the P�-�pe�-ty from <br /> det�riorating or decreas�ng in value due to its condit�on. Unless i�is deter•mit�ed pursuant to Se�tion 5 tt�a� r�pait- <br /> or restoratioil is nat ec�i-�omicall� fea.sible, Bar�•owe�• shail protnp�ly repair �he Praper�}T if darnaged to a�oid <br /> further deteriora�ion or darnage. If i�isurance or c�ndemr�a��on proceeds are paid in connec�i�t� �v�th damag� to, <br /> ❑r�he �akii�g of �he Proper�r, Bai-rower sha�l be i-espans�ble for repairing ❑r restaring the Propei•ty or-�1�� if Lender <br /> ��as relea�ed proceed� f�l• sucl� purposes. Lei�der may d��bui-se pr-oceeds far tlle repairs a��d res�oratiai� in a <br /> s�ngle payment o�• ii1 a,series of progress pa�ments as tl�e wor�c is coi-npleted. If�l�e it�surat�ce or cot�detnila�iaz� <br /> proceeds are no� suff cie��� to z•epa�r or r�store t11e Prvper�y, Borra�wer is t7at rel�eved af Borrowe�•'s��li�a�io�� f�r <br /> tl�e cat�ipletio�� ❑f suc1� repair or res�toratian. <br /> Lende� or its agent may mal�e reasonab�e �ntl•ies upnt� arld 1T15��Ct�Ot15 of the Pi•opert�. If it I�as reasanable <br /> cause, Lende�• may inspe�# the interia�•of�he imprt•�vements on the P�•apei-�y. Lender�ha[1 gi�e Bor�•�w��•no�ic� at <br /> �he time of oi•pi-iar to such an intei•ioi•inspe�tian specif�=ing such r-easonable c�.use. <br /> $. Borrawer'S Loan App[�ca�ion. Sarrawer shall he in defaul� �f,during the Loan applicati�n pi•�cess, Borra��ver <br /> or an�� pe1-sons �r en�ities ac�ing at the di�•ection of Bar�•ovver or with Borrawer's knaw[ed�e or consent ga�e <br /> , lnaterially false, ir�i�leadi��g, ❑r ipaccut-a#e inf�rmation ❑r s�ate�nents t� Lender �ar failed io pravide Lender with <br /> materiat infortnatiax�} in ca��ne�tion �vith the Loar�. Material representatians includ�, but ar� i�at limited t�, <br /> r�pr�s�ntativils concerni��g Bo��ro��er's occupan�y of the Property as Bar-rotiver's principal i-eside���e._ <br /> 9. Protection of Lender's lnterest in the Pr�perty and Rights lJnder this 5�curi�y Ins�rurnent, If(a} <br /> Barro�ver fails�o perfflrm���e �a��e��at�ts and agreements cor�ta���ed it�this Security It�sti•ument, (b}tl�ere is a tegal <br /> proce�dit�g �lia� �»igl�t sigt�if ca��tly affect Le�ldet-'s iiiter-est 111 t�lE Pro�erty a�ldlor rigl�ts u�lder #l�is Secur�t� <br /> Instrument �such as a p�•aceedit�g in ban��ruptcy, p�•a�at�, f�r condetnt�ation ar fo�-fei�ure, for enf�rce��net�t of a <br /> Iie��w��ich may af�ain pri�rity ov�r this 5ecurity IY�st�ume��t or�o et�farce la��❑r regulatio��s}, ar��}So�•rovver has <br /> a�at�d�ned �l�e Pra�ert}�, tt1�n Let�der may da at�d pay fot• whate�er is reaso��able ❑r• ap�rap�•iate to p�-ot�ct <br /> Lender's inte�-est in the P�-ap��-ty and i-i�hts undei- this Secu�-ity Instrument, inciuding protecting andlo�- <br /> ass�ssing the value of�he Property, and secui�ing andlo�• �•�pai�•ing ���e Pr•apet-ty. <br /> N�BRA51{A-5ingle Famiiy-Fanni� MaelFreddfe Mac UNIFaRM IfVSTR1fM�IV7 WITH MERS F❑rrn 3�28 �JUi <br /> VMP 0 VMPGA�NE) �13��y.�� <br /> Woiters}{luwer Financiaf S�rvic�s Page l nf 35 <br /> O���NET��4�57-4aD0�3�799 <br />