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<br /> LC)AN#:�'I�131�34
<br /> �cl�nowled���that the cost��the insurarrc�caWe�age s�ob�ained mEgh�significantly exce���he cost
<br /> �f insuran�e�hat Borrower cauld hav�o�ta�ned.Any ar�aunts disbursed by L�nde�undert��s�ect��n
<br /> 5 shal���cam� ad�ition�l debt of Borrarrv�r s�cu��d by th�s S�curity InstrWmen�. T��se am��nts sha�l
<br /> bea��n�e�es�a�the Note rate�rvm th�da��of dis�ur�ement and s�all be�p�ya�ale,v��th such inter�s�,
<br /> upan no�ice frar� Lender tv B�r�ower requesting paym�n�.
<br /> AI[insur�nce policies r�quired by Le�tder and r�nevvals of such polic�es sha�l b�s�bject�ti Len�er's
<br /> rEgl�t�o disappro�e such po�icies, sha�l incf�de a stan�d�rd�ar�ga�ge cfause, and sha�l name Len�er as
<br /> m�rtgagee andlor as an additi�nal�oss payee.L�nde�sh�all ha�e the r�ght�o�oid t��poli�ies and ren�wal
<br /> c�rtifii�ates.I�F Ler��er re�uires,Br��ower sh�il prornpt�y give�a Le��ler�II�'eceip�s of paid premit�ms and
<br /> r�r��r�ai not�ces. If Barr�o�er abtains�ny torm afi�nsuranee eo�erage,nv�otherwise r�quir�d by Lender,
<br /> �o�-dama�e t�,or des�ructi�n vf,�he Property,�uch p�licy shall include a standard mortga��clause and
<br /> shall na�e Lender�s rnortgagee andlnr as an additianal Ioss paye�.
<br /> ln�he�v�n�of l�ss, Barrower shail�ive p�ampt natice f��he insurar�ce carrier and Ler�der. Lender
<br /> r�nay make proaf�f lass if not made prompti�by gorrow�r.Unless�.ender and Borrav+,�er�therwise ag���
<br /> in writing, any insurance prv�eeds, v�he�he�-vr na�th� un�i�riying insura��e►r�as r�quir�d by Lend�r,
<br /> shall b�applied�o restor�tian o�r�paEr o��he F�rape�ty,if�he r�s�ora��vn or repa�r Es ecanv�n�ca�ly f�as�bl�
<br /> and�ender's sec�ri�y is not�essene�. Duri��such r�pai�an�r�s��ra��o�pe�io�, Lende�sha�l ha��th�
<br /> rig��tv hold su�h �nsuranee prviceeds untif �ender has�ad a�appv�u�ity tv inspec�s�ch Praper�}I t�
<br /> �nsur�the u�rark has been compl�#�d ta Lender's satisfa��ian, prvvided #hat s�ch inspecti�n shail be
<br /> �r�dertaken prar�ptly.Lender may di�burse prac��ds f�r�h�e repairs and restora�i�n i�a sin�l��ayment
<br /> vr in a series of pr�gress payments as�he�vrk�s compl�ted.�Jr�less an ag�reen-ren��s made ir��vri�ing�r
<br /> Applicab�e Law requires in�eres��o b�paid or�such insurance proceeds, Ler��er shal�na�b�requir�d�o
<br /> �a}��a�rower any int��est�r�arn�ngs v�su�h proc�eds.Fees fia�pub�ic a�jus�ers,vr�ther third par�ie�,
<br /> re�ained by Borrower shall no�be paid out of�he insur�nce praceeds and shal!be the sol�obliga�ion o�'
<br /> Bvrrvwer.l�t�e res�oration�r repair is nat e�vnomicafly feasEbie or Lender's securit}�r►vvuld b�[ess��ed,
<br /> �he ir�s�rance proceeds shall be ap�liEd �o the s�ms secured by this Secur�� lnstrument, �►he�he�or
<br /> not�hen�ue,with the ex�ess, ��any,paid�o�vr�ov�+er.Sueh�nsuran�e proceed�shal�be appii��in th�
<br /> order pro�ided for in S�c�ian�.
<br /> I�Borro►��r abandon��he Proper�y, Lender may file, nego�iate and ���tle any availa�le insurance
<br /> �laim and rel��ed matters. i�gorr�virer does not respar�d v�ithin 3�days tQ a no��ce from Lend�r t�at�h�
<br /> insuran�e�arrier has o�fer�e�to settl�a Gfairn,th�n Le��er may negotia��an�seitle�h�c�ai�.The 3�-
<br /> day period wiEl be�in�rvh�n�he nv��ce is giv�n. fn�i�he�ev�nt, or if Lender acquires�he Property under
<br /> Sec�ion 2� or�th�rwise, Ba�-owe� i�ereby assi�ns to Lender �a} Barra�er's rights to �ny insurar�ce
<br /> proc�eds in an amount nflt to exc�ed th�am�unts unpaid under the hlflte or t�is Securi�y �ns�r�men�,
<br /> a�d �b} any ot��r of Barrov+►er's ���h�s �oth�r th�n the rig��t� an� re�ur�d af u�earr��d premium� pa�d
<br /> by B�rrvwer} under�a[I ��sura�c� pa�i��es csav�rin�the P�operty, ir�s�far a�such rights ar� appiicabie
<br /> to the c�v�ra�e o��he Prvpert�. L�nder rx�ay use the insu�an�e proce�ds either�o repair or restvre�he
<br /> Prop�rty ar�v Ray arr�ot�n�s unpaid under th�Note❑r this Security Instrument,whet��r vr not then due.
<br /> G. DccuQar�cy. Barrower shall vccupy, es��blish, �nd use th� �roperty as Borro�erl� prin�ipal
<br /> ��sid�nce�ithin�D days a�t�r�he execu�ian af thi�Security Instrument a��shall con�i�ue tQ accupy�he
<br /> Propert�as Borro�v�r'�pr�ncipa�res�dence far at ieast ane y��r aftert�e dat��f occup�n��,unless Lend��
<br /> otherv�rise a�rees in�rriting, wh�ch consent shall nat he unreasonabfy v�rit�held, ar unless �xt�nuating
<br /> c�rcurr�stances exis�which a�e beyond Barrow�r's cvntral.
<br /> l. Rre�erWati�n, Main��nance and Prvtec�ion c�f the Praperty; 1nsp�ct��n�. Barro�er sh�l�
<br /> r�ot des�roy, damage or irnpair the Prop��ty, a[1ow the �'�vper�y�a de�erior�t�or�ammi�v�ast� on�h�
<br /> P�operty. V�h�ther��r r�gt�arraw�r is residin� in t�e �'roperty, Bar�aur�r s�all r�ain�ain t�e Property 6n
<br /> flrder tv prev�n��he Praperty �rorn de�eriorating ar�ecre�sing in value d�� ta i�s cvndi�ion. Unless it
<br /> is de�ermined pur-suant t❑ S���ian 5 tha� r��a�r�r res�ara�i�n is nvt ecan�micaily f�asf�le, Barro�er
<br /> shal��ramp�ly �epair�he Pr�pe�t�if�amaged ta ava�d fuath�r d�teriora�ion �r damage, I�f insurance or
<br /> condemnati�on p�oceeds a�e paid in conn���i�n wit�damage to,or�he taking of,the P�opert�y,�o�ro�er
<br /> shali be respan�ible far repairing ar res�v�ing th� Praper�y on�y i� Lender has re�eas�d proc�eed� €or
<br /> SUC� pufPDS�S. Lender may d�sb�rse ���c�e�s�o��h� r�pairs and res���-a�ion in a single payment ar
<br /> in a s�ries o�pragress pa�men#s as th�w�rk is��mpleted. Ifi the insurance or condemnation pro�eeds
<br /> are nat s��fic�����tv r�p��r or rest�r�the Property, Borrower is nat relie�ed af�orrower's obligativn for
<br /> the�ample�ivn o��uch repair or r�st�ration,
<br /> Lender or its agen� may make re�s�r�able �ntr�es u�on a�� inspecti�ns v�the �'rope�#y. I�it has
<br /> reasar�able cause,Ler�der may inspect the�n�erior of�he improv�men�s an the Pro�erty.Lender shall give
<br /> B�rr�►:ver no�ice a�the time af or prior�o such an interiflr inspection specifyin�such reasonable cause.
<br /> 8. �orra�rer's LoanApplicatian.gorro►n�er s�a��be�n c�efau�#if,during�he Loan applica��on pra��s�,
<br /> �orrov�e�or any p�rsons o�en�ities���ing at the dir�ction a��o�ro►�ver or with Borrow�r's knawledge Qr
<br /> consen��ave r�-�aterialiy fals�,misleading,or inac�urafe infvrmation or stat�rnents�o Lender�nr fa�led to
<br /> p�o��de Len�er�vi�h materi�l infarmation}in connec�ian�ith th�Lvan.�111ate�-�ai representat+ons�r��clud�,
<br /> bu�a�e n��I�mited to, repres�ntatiar�s c�n�err�in€� Ba�r�r�►rer's oc�upa�cy�f�he F�r�pe�ty as B4�rower's
<br /> prin��pai residence.
<br /> �. Prot�cti�n of Lenderfs lnteres�ir�the Praperty and Rights Under this Security lnstrurnent.
<br /> [f�a} g�rrawer fails to perForm the covenants and �gr�ements conta�ned �n #his Security lr�st�urnent,
<br /> �b} there is a iegal praceeding that migh� signif��r��ly �ffect Lender's int�r�st �n the Pro�e�ty ar�dla�r
<br /> rights ur�der this��curEty I�strum�n���uch as��roc�eding�n ba�k�u�tey,pr�bate,far co�dem�a�ion❑r
<br /> �or�e�ture,far enfo�cemen�of a li�r�v�r�i�h may attain priorit�over�his 5ecurity Instrument or ta enfarce
<br /> 6�ws or regu�ations�, ❑r �c} Barrow�r has af�andoned the Prop�:�y: #h�n Lende� ma� do and p�y �vr
<br /> whatev�r�s r�a�sonable ar apprapriate�o pra�ec�L�nde�'s interest in the Fr�perty and rights un�er i
<br /> Initials: ►� `
<br /> NEgR�eSF[�l--S�ng�e Family--Fannie IVIaelFreddie Mac UN�F�RM INSTRUAAENT Form 3D28110'�
<br /> �tlie Mae,fr�c� Pa���af'�d NEUDEE❑ ���5
<br /> NEUDEED�CLS}
<br /> Q31131�Q�?D8:38 A�li P5T
<br /> �. ��
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