98110419 - Laserfiche WebLink

Browse

'.'�?i n�� ` '1�4��4:f�•�+: ,�n � __- ..- -°. . .._ .._-- -.. ... r WIUR.w,....__..� -� ___._ .... .. .._...._... ._.______ .._. � �S 11041� . S. Hmrd or Ntiperty I�wr�ace. Borrower �hall kap the improvemenu now existin� or'furcafter eroctod on tbe Praperty imured y�inu lau by flre. h�ra�da fncluded wltbin tho ietm "extended cover�o" �r�d �ny olher h�rda, includin� nooa�o�nood�, for which I.er�der requlr+ei Insutu�oe.'Chis insur�nce sh�ll be m�int�ina!in thc anwunt��nd for the periodi that L,ender mquira. The insunu�a caMer provWin�the inaurance ah�tl be cho�en by Borrower wbJeet to Lencler'� �pprovQ which�h,tll not be unre�ub{y withheld. If Borrower tdl�to tn�intdn covera�e desctibod �bove, L.ender nuy, �� Lender'� optian,oM�in cover�o to protect I.rnder's riRha in tbe Proper[y in�ccordu�oe with p�r�n�ph 7. All imuruxe policio: �nd renew�l�sh�ll be �ccept�bla to Lender�nd shall include� stu�dsud mortQage cleuse. Lender �ball tuve tbe d�t Io hold tbe policia�ud renew�ls. lf L.ender roquires,Borrower eh�ll pmmptly�ive to Lrnder all raxipts of pRid pre�aluuu�nd renew�l naica.ln tbe event of loss,Borrower�hdl�ive prompt notia to the iMUrnnce c�utler u�d Lender. l�ender tnry make proof of losa If not made promptly by Borcower. Unleu I.ender�uid Borrower othecwiu qra in writia�.Insuru�ce proceed�ah�ll be�ppUal to rettorntfon or repair of the Pro{xrty d�m�od,if tha rcstoruion or Kp�ir is ecawmlcally feuible u�d L,ender'�recuriry is cwt la�ened.If dx �ator�tion or repair ia not economically feuible or�.,ender's�ecuriry would be lesser�ed, the insuron�e pnxeeds shall be�pplied to [ho sums kcured by thia Security lniuum�ent. whether or not thea due. with �uy excsa p�id to Horr6wer. If 8orrower �b�ndons ihe Property, or does not aaswer wiWin 30 days a notia fmm Lender th�t the inauruwe canier hu ofiercd to settle a claim, ti�rnrn Lender m�y coUect the ituur�nc�e proceals. l.ender may use the proceeds ro r�ep�ir or reaton the Property or to p�y sums mcured by this Securiry Inatrument,whelher or not then due.The 30-day period will begia whea the notia is=ivtn. Unleu I.ender aod Borrower otherwix �gree in wdting. ou►Y +�pplic�tion of proceeds to princip�l �uti not eatend oc poatpone the due due of the montdlY p�Ymena referrod to ia pamgraphs 1 �nd 2 or chm�e the u�wuat of tGe p�ymeats. If w�dsr pare�c�Qh 21 the Property it�cquirod by[.endcr,Borrower's right to my insuru►ce policies u�d proceeds cesultinj fmm daait�e to tha Pt+aperty prior to We acquisition shall pasa to L,ender to the extrnt of the sunu setured by this 5ecurity lnsttum�eat immediately prior to the�cqul�ition. f.Ocerp�cy.Praetv�tlon,M�lNen�nce�nd Prot�ecdon at tMe PropertY;lbrrnwer's Lwa Applic�tioo:l.webol�h. BocroMer�hall occupy,wablish.�od use che Property u Bormwer's principtl rnidenoe wi�hin iixty day�after�he eucucion of this Securiry I�trument�od shall coatinue to axupy the Ptnperty as Borrower's principd residence for at lau oae yeu aRer the d�te of oo�vpuxy,ualeu l.rnder oshecwi�e agrea in writinj, whkh coosent shall not be wine�wn�bly wi�hbeld. a uale�t eatenustinj ciraim�tanoa� eaisc w6ich�ue beyoad Bomowa'a control. Borrower ahall noc desuoy. dam�e ur imp�ir the Propeey, �ilow the Pnoperry to deterior�te. or oommlt waue on the Propecty. Borrowet shall be ia defaulR if any for[eiture �ctlon or pcoceodint. wbether civil o�crimin�l� �begun tdat in I.ender's Rood f�ith jud�nneat oould raWt in torfeitun of the Pcopaty a otberMire m�tarWly impair�he lien cre�ted by t6is 5xurity l�uumeat or l�ender's iecuriry iuta�at.Borrowa mry cu�+e wc��default�od reinftate.�vrovidod in P+u+�ttaph 18�by causfa�t6e actioa or p�oceodin�to be dismi�ed with a ruliuj that, ia l.en�kr'� Sood faith detrnniaatioa. Procludex forkituce of tt�e Borrow�er's iuurat in tt�Pmpecty or otlkr m�eerW •im�air�nent o[tbe liea cpeated ty thia Securiry Insavmeae or I.eoder's :ecuriry intecesc.Borrowa shall also be in detwilt if Borm�er.duria�the lo�n:appllcadon proas�,pve materially fal�e or inaocurate intocmuiou or stxemeau to La�der(a fdled w provfde L,erder rvith u►y ao�terW information)in connection wich the loan evideaced by the Nae,iacludinj,but not Wdted . w. repnexntAtio�a oonaniln�Bor[vwer's axup�ncy of tbe Properry u a princip�l raldence. If this Securiry lnurumeat i�oa a Irarebold, $rrtrnwu �b�ll oomply w�ith �ll d�e provislons of t6e le�ee. !f BoROrver aoquires fa titk to tbe Propary,� t6e �fea�a6Wd ad tbe fa titk sh�ll not a�a=e ualeu I.ender��ees to tbe mer;er ia writia�. . 7.pf�Meelio�el I:�t�d�'s l�t+i�tl�e h'opeKY:Cf Bo�mwa fiil�to periurm the covemnts md a�roe�ents oom�la�ed iu tsis Secvtiry 1mt�umait� or tbet�e i��le6al proceedin�t6at may:ipuficaatly afixt L,ender'�ri�hu ia the Prope:ty(wKh �a� p�o�,�ee��in b�micn�ptcy,probate, for oondemaation or forfeiture or w entoroe larv�or re�al�tiom). th�en l,ader mry dc� �md pay tar rv6i�tever b neoeuary to pcotxt tbe value of tbe Pnaperty md Leader's ri�6u in t6e Propaty. I.ender's�ction�:�m�Y iodude P�'�+V +�3 sam� iecured by a liSa whkh hn prioriry over thi: Secudry Iaununat. +PP��i � �. P�b'� �a�oo�ble�ttan�yt' ten and entain�oo t6e P�opaty to nul�e reQain• AltbouAh Ira�der may uka�cxwn uoda tLit parqr�ph , 7. [.eader does not have to do�o. . .. /1ay �awunt�disbue�ed by Leader unda thi� para�rap6 7 �hall beoome additiotul debt of Bocro�ver�red by this Secudty It�ttumeod. Unlas 8orrower and L�aider np�ee W otbtr term�of pryment� thae unouats�11 bear ia�mt tmm the d�te of df�b�eaxut at tbe Note rnw �nd �hall be pryable. with interac, upoa notioe from l�eader to Bc�rrow►er ieq�estin� PrY�• .. 1 � 3.M�rfp�c I�r�NOe.If I.ender required mort�qe Lbuc�oa a�a 000ditipn•of rnnkir�tbe lom aeau�ai by thia Securiry Inanunmt, Bonower ahall p�y t6e prewivan required to u�inWn the mo�tiaje ius�mmoe ia effea. If� for oay rca�on. the moct�e innir�aoe oovaa�e requirod by L.a�der I�na or aa�a to.be in etfect,Horrow�sr r�6�U p�y t6e premium��equirod to obaiu covers�e wbetmtWlr equiv�lent W the nwrt�e inaur�noe previou�7Y in eftea. at a ooa sub�antiaUy equiy�{amt to tbe cost to Bormwer of tbe m�at�e in:unocs pceviouslY ia etfect, from m �hexwte mort�e insura a,pproved by i.eader. lt wbtmti�lly equivaleat mort�e inwcaooe oova�a�e is not avdl�bie.BorroMer a1�a11 pry to La�der ach motx6 a am eq�W to ouc twdlth of the ye�rly mat�e insormae premium bein8 paid bY Borrower wbea the inwt�noe coveraje laqed a cx�ed to be in ettect. t.arder will�ocept.u�e and retain thae paymmts as a las reserve in iieu of mort�e inwrmce. Las resave ro.�aos��,�s.rw�� � �-�11E�If1121.01 MM 7 d• wW�y:�[ ��}( . �--�v