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2� 1 ���732 <br /> of�nsurance�overa��,not v�herwise r�quired by Lender,far damage�a,or destru�tion of,t1�e Praper�y,su�h polic�shall <br /> �rzclude a stan.dard mor�ga�e c�ause a�.d shall name Lender as mnr�ga�ee andla�as an add�t�onal loss paye�. <br /> I��he eve�a�flf�oss,Barrower shall��ve pr�mp�noti�e�o the u�suranc�ca�rra.er attd Lender.Lender n�ay make pr�of <br /> of�oss if no�mad�pr��m.ptly by Borr�vv'er.Un��ss Lender and Barrov�er a�herw�se agr�ee in writing, any �ix�su�raaace <br /> pra�eeds,whe�her or no�the underlying�susance was required by Lender,sh�.11 b�applied to restora.t�on a�r repa�r�f th� <br /> Prap�r�,�f the res�ora.�ion or repai��s economica�Iy feasib�e aud�ender's securi�r is no���s�ened.During such rep�u and <br /> res�ora.t�a�per��d,Lender sha�i have�.he right tQ ho�d such�nsuranc�proceeds un�ii Lend�r has had an�pp�r�u�ity ta <br /> �spect such Frapert�y�o ensure�he work has been comple�ed�o Lender's sa�xsfaction,pr�Wided tha�such inspe��i�n sha1� <br /> be un�er�aken pramp��y.L�nder may c�sburse pra��eds f��r�e repairs and�e�tora�on in a si���e paym�nt ar in a series nf <br /> pr�g�ress payrxzen�s as th��rork�s corn.p�eted.Unless an agre�ment is made iEri vvri.�ing or App��eable Law requires interest <br /> �n�b�paid vn su�h�.surance proc�eds,Lender shali not be requ�red�o�a���rrower any ivaterest or earn�ags on su�h <br /> proceeds.Fe�s for public adjusters,ar ather�h�rd par�xes,r�tain�d by B�rro�er shal�,n��be paid�u��f the insuran�e <br /> p�oc�eds and shali be t�e so1�obligation a�Borr��rer.�f�e restoratian ar repair is no�ecar�orn�cally f�a��b�e or Lender's <br /> secur���vou�d be Iessened,�he u�suran�e proce�ds s�iall�Se applie��a�h�su�s s�cured hy�h�s Securit�y In.strumen�, <br /> whether or nat�heri due,w��h the excess,if any,paid ta�orr�wer.Such�.�urance praceeds shall be app�ied��a.e�rder <br /> �rovided for�.n Se�i�n 2. <br /> ��B�rrower abandons the Pr�operty,L�nder m�y fi�e,neg��a�e an�se�t�e any availa�le insura�ce c�aim�nnd re��.ted <br /> �nat�ers.�f�orr�wer does not respa�d w��n�0 days to a�n�t�ce�rom��nder�hat�he i�surance earr�er has affer�d tQ <br /> se�tle a c�a.im,then��nder may negotza�e and sett�e�.he c�aim.The 3��da�periad w�i��e�in�hen�he nflt��e�s�iv�n.�.a <br /> e��her event� or if L�nder acqu�res the Praper�y under Se��ion�Z ar vth�rwise, Borrower hereby ass�gns to Lender <br /> �a�]�o�rower's ri�h�s ta any�nsurance pr�ceeds in an amount nvt to exc��d�.he amaunts unpa��d under the Note�r�his <br /> Secur�ty rnstrum�nt,and�}an��ther of Borrou�er's rig��s[o�her than�e righ��o any refund of unearned p�remiux�s paid <br /> ���3a�rower)unde�a��insu�ance policies covering�he Pr�p�r�y,i�safar as such ri�hts are app�icable�v�he co���age af <br /> �ri�Prap�rty.L�nd�r may use th.e i.nsuran�e pracee�s e�ther ta repair Qr restar��h�Pr�per�y or to�a�amoun�s un�aid <br /> under�h�N�te or t�s Secur�.#.y Instrumen�,whether�r no�t�ien due. <br /> 5.�ccupancy.�3arrovver sha��occupy,es�a.�l�sh,and use the�ropexty as Borrovv�r's principa�res�d�nce w��h.in�D <br /> days after the ex�cution of this Secur��y In.strument and sha1�con�inue to occupy the Pra��r�y as Barrower's principa�. <br /> resi�ence for a�least an�year aft�r�,he�a�e af occu�a�cy,un�es�Lender c��herv�r�se a�r�es ia�.w�r�itin�,which ca�sent sha11 <br /> nat b�unr�ason.a�aly wi�h.held,or unl�ss ext�nua��ng c�rcunas�ances e�is�wh3ich are beyand BQrr��v�r's cant�o�. <br /> ?.pre5�r�a�f��,Ma�ntenan�ce�nd�ro�ec�io�o�the�'roperty;In.spec�i�ns.Bvrrower�hall na�des��rc�y,d�mage <br /> or�mpa�r the Fr4pert�y,a.11ow th�Praperty��d��er�arate vr c�mm�t waste vn�h.e Proper�y.Whether�r no�Borrower�s <br /> residing in t�.e�ape�y,Bor�-ower sha��mau��au�.�a.e Proper�y in order ta pre�en��he Prvper�r from dete�ora.tua.g�r <br /> decreasing in va�ue due�o ifis c�n�.itian.Un�.ess it is det�rmin�d pursuant ta S�ct��n 5 that r�gair or restvra�ion is no� <br /> econom��a�ly feasible,Borra�sn�ex s�.a.��pr�mp�i�repair the Praperty if c�aamaged to avoxd fiu-th�r deteriora.tinn�r damage. <br /> If in.�urance or candemna�ion p��ce�ds are paid in co�ec�io�w��h da�mag�ta,ar the�akang of,the Pro�er�y,�3orrower <br /> shall b�r��ponsible for r�pai�ng�r restor%ng th�Pr��e�y on�y if Lext��r�as r��eased pr�ce�ds f�r su�h purposeS.Lender <br /> may disbu�se�r�ceed�for the re��.�rs and res�ora�ion u�a s�ngls�ayment or in a series vf progxess pa�r�m�x�ts as�he work <br /> is comple�ed.�f�the�n.surance or cflndemna�.o�pr�ceeds are�ot suff'icient ta�repa.u�or res�ore the Property,B�rro�er is <br /> no�re��e�ed�f�3orrower's Qbl�gation for�he cornple#�on of such re�air��-res�oratian. <br /> Lender or its ag�n�may rn��reasanab�e ent�zes upon a�.�.inspect��ns�f�he Prape�rty.If xt has r�asanabl�Gause, <br /> Lender may inspe�t the in�erior vf the ampr��emeri�s an�he Prop�rty.Lender shal�gi�e B�rrower nati��a.t th��ixne�f or <br /> �ri�r�o such a.n interior inspeGt�on specif�ring such reasanab�e caus�. <br /> S.Bor�awer's LQan Applicat��n.B�rraw�r shal�be u�.defaul��f,dur�rig the Loan ap�l�cat�on process,�orra�ver ar <br /> an�r p ers ons ar en����e s acting at�h�dire c�ion of B orr���r or�rith B vrrovver's kn��v�edge or�ons ent gave m�ter�a�iy <br /> false, mis�eading, or �zac�urate infarma��on or s�a��mments t� Lender �o� fa�Ied �o provide Lender �rith �a�eria� <br /> infarmation� in cannec��on with the L�an. Materi� represen�atians incl�de, bu� are n�� l�ai��d to, repr��e��a�ions <br /> concerning�orrower's�c�upancy of�h��'roperry as Borrov�er's pr�n.cipal residence. <br /> N���AS�{A-Sing��F�mi�y-Fann�e�a�lFr�ddie Mac UNIF4RM�NSTRUMENT with MERS Form 3�� f�� <br /> Page 6 0��3 <br /> «s,Enc. gorrow�r{s}�nitia�s <br />