2� 1 ���343
<br /> L�AN#:'f 1'I'�d�7949
<br /> nr�r�ound rents�r��h�Prop��t�, i�an�,�nd�nrr�muni�A�sociat�on C���s, �=e��,�n�Assessrn�nts,if
<br /> �r��.Ta th���tent t�at th���it�rr���r���era�+r�t���,�3arravu�r��all p�y th�m ir�t�h�n��nner praWided
<br /> i�S��ti�n 3.
<br /> Bvrrauier sh�l!pr��pY�y�i�c�arg�any li�n�nrhiG�h���riarity n�rer this���ur��y�lns�rurr��r��un����
<br /> Borr�wrer:���agr���in�rr��in��o�he p�yrn�nt c�fthe��lig�����secured b��h�li�rt i�a�r�ann�r�cce�t�bi�
<br /> �o�end��',but�nly�o�ar���s�a�r�v+r�r•i�p���rming�uCt���re�m�n�;tb}ca��������ie li�n in��ad f��th
<br /> by,�r d�f�nd�again���r�f�r��m�n�of th�li��in,I�g�i p�a���dir����+rhich in L�nd�r's��i�ian ap�r�����
<br /> �Srev�nt fh��r��vr��r��n�af�h��i�r��vhi[�thn�e pro���din���r�p�r�dir�g,bu�anly un�i��u��pr��e�ding�
<br /> �re can���.�d�d;vr��}���ur��#'r���h�hGld�r�f th�ii�n an��r�emen���#i����t�ryto L�nd�rsuba�din��ing
<br /> �h���en t�fhi�Sec�ri��r�n��r�ment.ls Lenaie�d���rmir���#I��t any par�o��h�Prop��is���j�ct t��li�n
<br /> �n►�i���ar��tt�ir� pr�r�ri�������h������ri�y in��rum�n�,L�nd���m��gi���arraw���nati���den�ifying
<br /> �h�li�n.�i�h��1���y�a���e d���c�n�vhi�h fh�t r��ti����giv�r�,�ar�ow�r s��l!���i��'y th�I��n or t�ke
<br /> �r�e t�r r�c�r�vf the at�t�nr���e�f��h��ave in��i�S���ion�4,
<br /> Lend�r may r�quir� �orraw�r t� �ay� ane�time ch�rge�'ar� re�� �state t�x u�r�fication �ndlor
<br /> re���t�ng�enri��u�ed b�Le�der in��n�ectian�rvith�his Lo�n.
<br /> 5. P�opert�In����r���.Borrt���r sha�ll k�ep the impr�v�rnen�s naw�xis�ing o�hereafter erected on
<br /> t�e Rrop���ty in�ur�d ag�i���tass by fre,h�z.ards included within�h��er�m"�x�end�d cc��erag�,"and any
<br /> �ther ha��rds including,b��t nat li�it�d to,e�r�hquakes�nd floods,�v��vhich Lende��equ�re�in�uranc�.
<br /> T�is in�urance sh�ll be r��int�ined�n�he���u�t�{inc�uding d�du��ible le�els�and��r�h�p�riods that
<br /> L�nd�r r�q�ir�s. �Vhat Lend�r r�quir�� pursuanf to the pre�di��senten���can chang�du�ing the
<br /> ���m�f the Lv�n.Yhe in�ur�n�e carrier pravid�r�g the insurance shall b�cho�en by Barra�rer sub�ect�o
<br /> Lend�r's righ��o disapprvve Barro�er's c��ic�,whi�h ri�h��I�ali not��ex�rc��ed unr���ana�ly.Lend��
<br /> may�equire Borrvuv�r��pay,in�onnec�ian r�►ith�hi�Lv�n,either:�a}�one-�ir�e char��fo�flaod�an�
<br /> determination,certi��ation�n�tracking s�nric��;ar�b}��ne-�im��harge for fl�od z�n�de��rminatit�n
<br /> and certifca�ion s�r-►�ices and subsequen�charg�s�a�h tirr��rem�ppings�r similar changes o�cur�nrhich
<br /> r�as�nably might a�ec��uch d��err�ina#�on car c�r�ificat�on.Borrav��r shall al�a�e r�sponsib€e for�he
<br /> p�y��nt a��ny#��s irnpos�d by the�eder�� En��rgen�y Man�gem�nf Agenc}�in cr�nnec�i�n v�►ith�he
<br /> review af any flaod zar��deterrnination r�sultin�from an objection�y B�rrv►r�er.
<br /> ��B��rawer fail���maintain any vf#he�a�erages descrihed����e, Lender m�y�btain insuran��
<br /> coverag�,a�Ler�der`�ap�ion and��r��v�er'�expen�e.L�nrier i�under no abl�gat�an�o purGh�se any
<br /> par�icular�ype vr ama�anfi o�cover�g�.Th�r��v�e,�uch eoverag�s��ali��er L�nde�,but might ar rnight
<br /> nof p�����t�r�rrovv�r,Barravv�r's�quity i�th��'r�pe�y,or the�ontents af th�praperty,agair�s�an�ri�k,
<br /> hazard ar lia�ifi�y and�night pravide�r��ter ar I�ss�r co�er�g��har�was preWio��sly in e�ect.���r�vv��
<br /> ac�nowl�dges tha�the�c��t o�F��e in�uranc�ctav�r�c���n nbt��n�d r�ign��igni�ic�r�t��ax���d th�cos�
<br /> of insurance tha�B�rrawer�ou�d hau�o�t�ined.�.n��maun�s di��urse�by L�nder u�der�t���S�ctian
<br /> �sh�ll b��ome additi�na�deb�c�fi B�rrvu�er��cured by thi�Securifi�[n�trument.Th��e�mQunts s�t�ll
<br /> bea�int�r��t�t�he iV�t�rate from����;d�ke of di�burs�men�and sh�l!b�p�yable�with�uch irr��re��,
<br /> upon nofice fram L�nder ta��rr�vu�r r��ues�ing p�}�ment.
<br /> All insuranGe pr�l�ci��r�quir�d�y�.endEr�nd r�r��wal�o��uch��1i�i�s sha�l be subj�Gt tv L�r����'�
<br /> r'tght�o d���ppra�e such policie�,�haif inc�ud�a stand�rd martgage ciau�e,�nd sha�l nam�Ler�de�a�
<br /> mor�gag���ndl�r���n ac�di�iana�l�s�pay��.Lender shali r�ave th���gh��a hvld�h�pal€ci�s and r�n�wai
<br /> c�rti��a�e�.!f Lend�r���uir�s,�vrr�w�r�h�ll pr�mp�ly g�r���o L�nd�r�!I�r�c�ipt�af p�id p�emiums and
<br /> ren�v�►a1 noti�es.�f Barr��er abtains�n��vrm a�insu��nce cnverag�,no�ather►�vise required by Lender,
<br /> �or��m�g���,t�r d���ruc�ivn of,�h��'rope�ky,such p�licy sh�l!include a standard mo�gag�clause and
<br /> �hafl name Lender��rn�r�ga�e�andlvr as�n additional�oss payee.
<br /> !n the e�ent af la�s,�orrairver shall�ive prnmpt na#ic��o the insuran���arr��r�nd Lender.Lender
<br /> may make pr�of af lo��if na�made pror�nptly by Barra�nrer.lln�ess Lender and B�rrow�r atherwise agree
<br /> ir�writ�ng,an�in�urance praceeds,wl�e�her ar n�t the underlying in�urance was required by L�nder,
<br /> shali be appiied�o re�toration ar repair af the�r�perfi�,if�he restoratian vr r�pair is econ�mic�l�y feasible
<br /> and Lender'�security is not�e�sened.l�uring such repair ar�d�est�rativn periad,Lender sl�alf h�ve the
<br /> right#a hofd such�nsurance proceed�unti!Lender ha�had an oppor�unity to inspect�u�h P�ape�ty�a
<br /> ensure#he wark has been comple��d��Lender's satisfa��ian, pr�vided�hat such inspe�tivn shali be
<br /> undert�ken prompt��.Lender may disburse proceeds fvr th�repairs and restvrati�n in a singl�payrnent
<br /> ar in a series vf prog�ess payments a��h�wt�rk is comple�ed.�nless�n agreemen��s made in wr�ting or
<br /> �pplic�b�e Law require�inter��t�o be paid on such insurance pro��eds,L�nder�hall no�b�r�q�ired to
<br /> pay Bar�o►rver�ny�nt�r�s�nr earnings on such prac�eds.F�e���r public adjusters,ar nther�hird�ark�es,
<br /> �etained by Borrower shall nat be p�id ou�of th�insurance proceed�and shall be�h�so�e ob�igativn of
<br /> B�rro�+rr�r.If th�res�orat�nn ar r�p��r is noi economi�ally f�a�ihle nr L�nd�r's security�n►vuld b�les�ened,
<br /> #he in�uranc�pr��eed�shall be�p��i�d ta the�um��e�ured by�h���ecuri�y lnstrument,whether ar
<br /> n��then due,wi�h th��xc�s�,i�ar�y,�aid t��r�rr�w�r.�uch in�uran��prn���ds s�a�l b�app�ied in the
<br /> �rder prav�ded for in�ectian�.
<br /> 1�E�o�rav�rer ab�ndan�t��:�r�pe��, L�r�de�m�y fil�,r�egr�ti���and�ettl�any�u��la�le insurance
<br /> ciaim and r�(a��d m��ers.i���rrar��r da�s r�ot re�pond�vi�h�in 3D day��t��n������v�L�r�d�r�t�a��h��
<br /> insurar�c�carrier F+���ff�r�d�a set�l�a claim,th�n�.�nd�r may n�go:iat��nd se�#I��he�I�ir�.�"h�e�UM -
<br /> day p��'��d wil�b�g��rruh�r��h�nc��i�e�s girr�n.In�i�h����ren�,ar�f L�nd�r��q�i���tl�e�ra ��.,�nd�r
<br /> ��i���l�: -..��"��.
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