Laserfiche WebLink
� <br /> _ 2� 1 ��� 181 <br /> r��son��bly mi�ht a#��c:�t such ��c��;c:rmin�tic�n �t•c��•�:if ic����o��. �3o�•rt�t���Ur s��al} a�so ����•�;�pons��lt f�t��•���e <br /> payn�ent��'an�r fec:s�mpose�i bti� �he �i'�d�ral �=:�n�r�;en��� �4[ar���en�ent��,�ei�cy xn connecti�n���ith thc� <br /> rc��i�:���uf an���lc�od zoni dct�rmit�ation res���titz�fi•oni an objeetion b�r Barro«�e�-. <br /> i,f'�3o�•rn���e�-fails��n1ai��tain�n��n�k'�l�e co�rerage� de�cribed abn��e, I.��nde�•mav�hit���� insu�•a�ice <br /> co��cra�,�:. �it L�n��r's o�tion �nc� l�oi•row��cr's expc�r�s�. L�nd�r�5 u��d��•no c��li���io��tc�puz•�l�asr�z�n�: <br /> p�.�•�ic���ar t��p�or�.mc�u��t of �o<<e�a��. Z'herefor�, suc�� �oti��ra�����a�I cc������•�i.,ende�•� bu�.mi���t or�r�i�ht <br /> ��a�:��•otect Borrot��c��•. BQrroti�rer's e�.�u i�y i���h��'r�pir�yf, oi•�hc c�n��:nts�f�h�:�r�pei��:��, a�,a�ns#.an�- <br /> r�sk, ��a�ard a�• �ia�i�it}� a��d m��h�p�•o��'tde greater or lesser cn��er��.ge th�n���a����e��iousiy in effec�. <br /> Bar�•ot��r t�ck��c�t��l�d�es th�i�:t��e�t�st of�hc:i��s«�t�n�e co��Gr�ig�:st��btain�� m���ht s��r2�i�i�a��tlti° �xc�€;d tt�� <br /> ��st�f in�ut•ancc�:���ti��:3o�•ra��c�r cc�u�d h��re c��.��.i�c:cf. ����� am�un€�d�sbursed t��� I.��n�c�r u��dc�•thi� <br /> S�.�c:�ion 5 sha�����c��me add��ian��l dc�b�of B«rra��r�r sccured�}��h�s Secz��it�• Ins��•��ment. Th�se a�nountti <br /> �h��i bcar i��l;eres�at the Note ra��fi•om [h�da�e o�'disburseme�a�:and sha�l be pa��a�lc;, �Z'1��� S'uCYh i n t��•�st, <br /> upan t�o�ice fi•��m Lender to Bor�•����e�• requesti����a}�men�. <br /> �.�1 in5ur�nc;e po�licies requi�ed bv l:.�ender and renev��aIs�fi'such�alici�s sl�all be�u�iject��� I.�en�er's�•i�ht <br /> �:o dis�p�.�ro���su�h�o�ici�s, sha11 ii�c�tici�a statldarti murt�a��clausc:, and���al� nan��L�n�iir as <br /> mc��•��agee an���r as an additi�n al ���ss pay ee. L-�nder sh at I ha����h�ri�ht to ho�d the po i�c�es anc��•�����t•al <br /> ce�•��fic=tte5. If L�n�i�r r�;�uirc:s, B�rr������•shal� p�o�np�lyr�,ri����o L�;n�c;r���i r���ip��s of p�iti p�•e�niu���s�nd <br /> rene���a�notices. I�'�3or1•oti�er obtains an�� form of insurance co���ra�e, nc�t o�h�r��•i5e�-e�uirc�i b�� I�ender, <br /> �o�•��tna���o, or dc�tructiat� �f, the P�-oper�y, suc;h po�icw sh�Il i�clud�a s��n�.ard�nnrt�a4e cla����a�ld <br /> s����i ��ame L�nd��as mori�a�e�a��dlor�as at� addi�ional �c�ss pa3�c��. <br /> In tl��e���nt o#'�t�ss, �3r�r�•����e�•�hall�i���pro�np�:��otic�to tl�c; ia�s��ranc��;cari'ILI•a��d Let�d�:�•. L�nd�r m��� <br /> make p�•oof of�oss i�f not mad�p�•�m��tiy b f� �3orra���e�•. Un�e�s I.�ende��ai�d F3orra���e�•other���ise a��•ee in <br /> ti���•iting, ai7� iilsui•�nc�pi•ocecds, ���h�:th�:r�i• nt�t�h�trnd�;rl�ring in5�rrancc:���as�•e���irccl bv L�;n��:�-, sl�all <br /> -' b�ap�l i�d�a ��st�ra�ion or re�ai r oi'the�'rope�•���, i�'the�•e5�c�ra��a��or r�pai� i s ec�nom ical l��fe�,�i��e at�d <br /> Lt'.Il{.�Ll'�5 SC'�L�I•ity is i�o���ssenc�d, ❑Lil 1I7�,�su�:h rep��ir and �•�s�:€��•a�ian pGriod, L�;nd�r shal� 17����th�ri�,h� <br /> ic� hui�suc�� �nsur���ce procccds unt�l ��c�n�er has had an opporlunz€;�� tu insp�;c�:such Pro��er•�v tc��n��irc� <br /> the�vork i�a.s b�en �omp�e���i ta Let�dei•'s s���isf��;�in��, p�•o��ided�ilat�uGh ins��ctian shali be u��c�e�•�a���� <br /> pr�mp#:I�j. L-�nd�.�ina�j d�sbu�•se�rac��ds #`or t��e rt�ai�•s and res��ratian in a�i���lc�pa��m�nt a� in��eries <br /> c�f prr���e�s paymen�s as�he��ork i�con�pli�ed. UI7��SS �11 3�1•eem���t ks inade in���ri�in�o�-����i��.�Ie <br /> L:�.��v rcc�uiz•es int�r�st�a be pai���� �uch insur�n�:��rc�c��;ds, Le��d��•sha�� ;�r����r•�:yu�r�:�i�a���3: <br /> Bc��•rc�����r an�� in��res�ot'G3I:nin�s on such p�•o�e�ds. Feis fc�r�ublic�c�juste�•5, o���t��c��t��ird}a��.rti��, <br /> re�ain�r�b�� l3orro�•�� �l�all n�t b��aid out af�I��i�surance proce�d�a��d shall be�h�sol��obliga�ion of <br /> Bor�•a��rcr. If t����-cs�c�r��ion o�•re�air js nt�t�cona���i�a�lti� feasibi�ar Lender's sec�ari�����ould b� <br /> Iessenc.��i, �hc�ins�����nc�;proceed�shall bc�app�ied ta#:hc��ums sec«t��by tl�is S�:cu��it�� �i�sf:rumc:n�, <br /> �.�•he�her c3r nai th�n du�, ����tl� �he eticess, i#'any, paid to �3c7rrc�l�r�r. �uch�nsur�.n�ce praceed�shall ��e <br /> �p�I�c:d �n �h�o���r pz�oi*ic�et� fo�• in �c:ctit3n 2. <br /> I�`F3orro«•er abandons the�'�•������, Lend��•n�a�° #i��� ne�ati��e and se�tle an��a��ai�abie ins�iran�e cl��i��� <br /> a�d relatec�ma�t�rs. .i f�3orro���er��es no��•�s�ond��ri�hi n 30 da��s t�a�iati ce from Ia�n�ier t��a�the <br /> �nsu�•ance car�•i�r��as offercd tca Se��Ie a claim, th�n L�ndc��•ma��n��otiate and se�tle�11e c�aim. Tl��3�-d�ty� <br /> pe�•i�d v��i�l �e�i�������n thc n�tice is gi��cn. �n ei�:her e��ent, c�r i�f Le��de�•ac�uires t��e P�•opGrt,}� ur��i�r <br /> �cction 22 oi•c��her���is�, Boi•�a��*cr l�e�•e��y� assi�;ns to Lcizd��•�a}�3ori•c����cr's ri�hts�o��n�r i�3�t�rar�ce <br /> prt��;�icis in a��a�n�un���ot�o exc�ed�hc�amc�unts�Yn�aid u��c��:r�h€:�€t��G or this���urit}• Instr��m��t, �nti <br /> �b}an�ntl�e�•o f F3orro��re�•'s r i,�h�s�t�th er ihan the ri�h�to ati�� �-ef��nd of unearned pren�i ums paid by <br /> �?GC�a��3 �093�a�4►3 <br /> FHA D�d o=`Trust'�Vii���ER�-t�;� 913�I�01 a <br /> Ban�cers Sysfems VMP V��P4N[N�};�506y.OD <br /> tl�4�ters Kl���ver Fr�ancial 5ervf�es <br /> �age T Qf 17 <br />