201206276 - Laserfiche WebLink

Browse

201206276 for tlie repnii�s�and �•estoralion in a single payment oi in a ser3es of progress payments as the worlc is cornplcted, Pf[he insurance or condemn2tion proceeds tae not sufficient to repair or restore the Pcoperty, Rorrower is not refieved of Borrower's obligation for [he�completion of such repair or restoration. Lsndcr or iCs agent may malce reasonable entries npon xnd inspce(3ons of the Property. If it has reasonable causc, Lender may inspeet Che interior of the im�rovemcnCs on the Property. Lender shall give Borrower noCice at the time of or prior to such an interior inspection specifying such reasonable cause. 8. Borrower's Loan Application. Boirower shall Ue in dePault if, during the Loan applicatia�i process, Rarower or anq persons or entities acting at thc direction of Borrower or with Borrower's knowledge or eousenC gave materially f21se, mieleading, or inaccuraCe information or statements to I,ender(or failed Co provide Lender with material informatioil) ii� co��nection with �he Loan. Material representations include, but are n�t Limited Yo, representAtions coucci��ing $orrower's ocoupancy of the Property as Borrower's princiUal residence. 9. Protection af Lender's Interest in the Property and Righta Under this SecuriYy Instrument. If(a) Borrower fnils Co perfozni the covcnan[s and agreemen[s coi�tainecl in this SecuriCy Instrument, (b) Cl�era 3s a lega] proceeding that might significantly affeet Lendec's interest in the Property and/or righCs uiidec Cl�is Seciu�ity Insh�umcnC(such as a proceeding in I�uIlauptcy, probate, Poe conderonation or Porfeiture, tbr enforwmenC aPa[ien which may attain piiority over this Security Instrument or to enforce laws or rcgulations), or (e) Borrower has abandaued Uie Properfy, then Lender may do uid�ay for whaCever is rea.4onable pc appropcinte Co protut Lendcr's interest in the Property and rigl�ts under this Security Instrument, including protecting ar2d/or assessing tl�e value of the Property, and securing and/or repairing the Properry. Lendcr's acCioi�s can include, buC are not limiCed to; (a) paying any sums secured by a lien whicl�has priorily over this Security Inscrument; (t�) appearing in court; and (c) paying reasoiinble atCorneya` fees to proteet iCs interest in C[ie Praperty�u�d/or rights under this Security Instrumeiit, 3ncluding its secured position in a 6anla�uptcy prac�ediilg. Scce�ring the Prope��y includes, but is not limiCed Co, entering Ytie Property to mal<e repairs, change locks, replace or 6o�rd up doors and windows, drain water from pipes, �eliminate build'uig or other coda violations or dnngerous conditions, and have utilit'res turned on or off. Although L,endcr may take acNon wider this Section 9, Lendei docs�not have to do so nnd is not under any duCy or obligation to do so. It is agreed Yhat L�iider incurs no liability Por i�oY taking any or all acCions authorized under this Section 9. Any amounts disburscd by I,ender under this Section 9 shall becomeadditiotta) debt of Boriowee ser,ured by Chis Security TnstrumenC. Tliese �unonnts sl�all bcar inCarest at the NaCe rate�from tl�e date of disbursement �nd sl�all 6e payable, with sucl� iiiteresl, upon notiee from Lender to Borrower requcsCing payment. 7P Chis SecuriCy Instrument is on a leais0hold, 13on ower ehall comply with all die provisions of the lease. If Bonower acquires fee title to Ehe PmperCy, the leasehold and the fee title shall iioC merge unless Lender agrees to tl�e ii�eiger i� wiitiug. 10. Mortgage Insurance. If Lcnderraquired Mortgage Insurance as a concliCion of making the Loan, Borrower shttll �rry the premiums required to mainCaiu the 1VIor[gage Ineucance in effacl. If, Por any reason, the Mortgage Insucance coverage required Uy Lender ceaises to be available from the mortgage insurer that previously nrovided such insurance and Borrawer was required tn make septtrately desigiwYed payments Yoward tlie premiums for Mortgtige Iusarance, Bonnwer shall pny the premiums required Lo obTaio couerage substantially�equivalent lo tha Mortgage Ineura�tce pceviously in efPect, at a cosC subsCanCially equivalent Co the cost Io Bnrrower of the Mortgage Insurance previously in cffeet, from an afTernate morCgage insurer sele¢Ced by Lender. If substantially equivalent Morlgage Insurance ooverage 3s not flvailable, Borrower shall 24001802 N[ORASI<A-Sinqle family-1=dnnie MaelFred�ie Mec UNIFOFM INSTRUMFNT Po�m 3028 7l01 VMP r� VMP6INE)I'110b� WuLLei's Kluwer Flnnnaiol SaYvlaos PeOeA ni 1]