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<br /> 2� 17��2�4�
<br /> �oads, ��r�rh�.�h Ler�der r���.r�re����rance. Ti�us��uFance sha�I b�m�in�ai�.e� �n�e amounts
<br /> �iu��ud�ing �e�uc�i�Xe �e�eX�� az�� ��r �a.e pe�ria�s t�at Len�.�r requ��s. �hat Lend�r re��urr�s
<br /> �r.�s�ar�� �o the �xe�ed��g s��te�ee� �a.� c�a�ge d�g the te� a�#�he L�a�a. T�� i�s�aA�e
<br /> �arrier pravidi�� �e ��ra.�ce sha� �e ��vse� �y Barra�rer su�,�e�� �o Len�.�r's �g�� tv
<br /> disapprc��re ���o�ve�r's �����e, v�r��h x�ght ���.� �ot �e exe��xs�d �.x�r��s�na���. �►e�d�r �a�r
<br /> r�quire ��rr��ver�c� pa�, u� �anri�c�€�n �t� t.�is Lo�n, �it�.�r: (a} a on�-tim� ch�rg�f�r flao�
<br /> �one c��t�r���iog, �er��a.�i�� a�d t�ra��g �er���s; a�r �� a �n�-t�� �har�e�o���od zo��
<br /> �eterminatian and certi�ica�i�n ser�ri�e�and�ubse�u�nt�ha�ges each#ime �e�appin�5 �r�i�n.i��c-
<br /> c�.a���s�cc�r�r�ich reasa�ab��r m��ht a�fect�uch de�ern�a�iori�r c���a�ion. Barrow�r shal�
<br /> ��o�e re�p���ib��e for t�ae�a�ment of an�fe�s im��s����#�e F��.er�.E�n�rgenc�r Nlanageme�tt
<br /> ,�.�e�c� i� ���n.e��.��x �ri�. th� �re�i��v o� ax�� f1o��. ��ne de�erm�na�o� �esuZting t�r��m. a�
<br /> ��je���n h��orr��ver.
<br /> ��Borr�w�r faY1s to mai.n��i �ny of t�e ca�re�r�g�s��sG�,bed a���re, L����r rnay vbt�.
<br /> insur�.n�e ca��rag�, �#��nder's op#ion and �arr���r�s expense. L�rr�e�r��u�ader no ob��gat�Qn
<br /> t� puar��.as� a.��r par�cul�r �e �r ���t of ���rer�g�. T�er�fare, ����. c��r�rag� �ha.�. �o��r
<br /> �end�r, bu.� �ugrh� ar �.ig�t na� �ro��ect �orr�wer, Bv�rv���'s �q�.i� � the Pra�er�, or �he
<br /> co�.t�n�s of th�Prope�, a�a�sf�ny r�sk, ha�ar�.�r�.��i�i� �nc�xr��gh�p�r��ide �reater or���ser
<br /> �a�e�age �aa�n. �r�s pr�vious�� i�. ��ec�. Barra�r��r ac�a����ge� tha� tb.e ��s� �f�h� �.s�r�.��
<br /> �o�r�rage�a Q���.in�d �g�xt s��m��an#�y ��zc�ed the cos# of in�uran�e�h�� ���x��v��r���� hav�
<br /> o�ta�e�. A�.y amvun�� c'�s��se�����n�er under #�iis ���#ian 5 s��X ���c�rne add.i�io�nal �e�t
<br /> of Borrov�e�s�c���.b� �his ��crzraii�It�s�e�.t. �'h��e �no�ts s�a� b��r���res� �t the Na��
<br /> r�.t� �rom �h� �a�e �f dis�urse�rnent an� ��ia11 be paya��e, �rit� ��x� i���r�s#, u�o� �p�i�e �xo�m.
<br /> L�����r�o Bo�rv�re�`�eq�es#i�g p��n��t.
<br /> .���uran�e pv�€cies requ�ed b�L�n��r�.d�r�u��rals�f sur�pv�ic�es sha�l�����,����
<br /> ta Len�er'�x3g�.#tc� t��.��rove su�h pc��icie�, �ha��n�1����s�and�d martgage�l�us�, ��s�a11
<br /> name Lend�� as m�r#ga�ee andl��r as a�n. a�dit�an� �a� paye�, I�e�d�r s�a� �a�ve t�� ri��i� �o
<br /> h�ld �h�poli�ies �d r����r� c�r�i�icat�. If L�n��r req�ir�s, �o�rra�rer��a�l. pro�m��I�r ���v� to
<br /> Lerid�r a1� r�c���ts o� �a�d �xez��� ar��. ��.ew�l notic�s. �f B�����r ob�aui�ts a�y forr� �f
<br /> ins�ua�e cav�ra��, ��� �th�r�v�is� r���xred �� Len�.�r, ��r d��g� tv, or d�s��t��n of, th�
<br /> P�a����, ����. p��c�r s�� i�ncl��e a ����.ar� rn�rtgage claus� ax�� s�.av. na�� ���,d�� as
<br /> m�rt�ag��andlo�r as��d�t�a�t�l.�o�s pa�r�e.
<br /> �z �� e�r�nt of�a�, ���r�v���r sh.�.1 �i�re �r�mpt n�ti�� t� �a.e ��s�r�n�� �arr���r an�
<br /> L�n��r. Len�.er may ma�e�roaf�f�a�s if`not xx�ade pr�mpt��r���o�r�wer. �n.�e�s Le�d��and
<br /> Bo�rav�r�r o�er�sris� �r�e � �vrifin�, ax�y �ns�ance pxoc�e�s, �'�ethe�r ar n�� �he �nderl�rin�
<br /> �nsurance�ra$r�q�r�d b�r L�nder, ��a�11 b�a�pli���r�re�tarat�a� ar repa��#'the�'r�}���, if��
<br /> �es�ora�ian��r��rair xs ec���micaliy fea�ible a�d Len�.er'�se�urity rs �na�������d. ��g ��.c�
<br /> r�pa�r�.�. r��ta�ai��n ��ia�, ���de�sha�. ��.�� �h��i�.t ta �.oi� s�x�h���r�nce�ra�ee�.s unt�
<br /> Le�d�r h��a�ar� opgo�t�r �a �ns�����u�h �'r�p�r�t� �ns�r�th��nrork��s��en c�m�i�t��.
<br /> �a Len�ez�'� �a�s�r��t�a�, ��ro�.d�d that su�h ��p�c�:an sha� b� un�.e�#�e�. pra�m�t��r. L��n��r
<br /> ma� d��buars� pro�e�ds fv� the repa.ir� and re�tara�i�n � a �iar�g�.e ����x��t a� � �. s�r�es of
<br /> ��r�gress ���m�n�s �.s �� �or� �is e��.plete�. U�ess �n a�re���nt i� ma�.e in �ritin� o��
<br /> A�p�i����� �a� �req�ir�s in��re�t ta be p�� �n �u�� �n��ur�ce �ro�e��, �e�tde� sha�. n�t �be
<br /> re�u�red to pay B�rrow�r any i�ritex�.s� �r �ar�r�in�s ori��c� �r�ceed�. ���s far p�.��i� ���u�fer�,
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