201607567 - Laserfiche WebLink

Browse

' 2� 1 ��75�7 . � �3arra�ver}t�r�der all i�zsui•ar��:c�polici�s cUv�:rir��;the �'rc�pc;rfy, insc�i'ar as such ri�;hts are applic;able to the ca�jera�e ot the P�-op�rty. LendGr fYiay r�s�;the is��ran�e prc�c.•ecc�s either to r�pair or restore the Prt�perty t�r tc�pay a�Y��ts ui�Paid ��c�t;r t��c�Nat�;or this�c;cr�rity rnst�-umc�nt,whether vr r�ot then��. �i� C��:et��r��:y.�3oit•c��v�r s��al�c�c;��u�y, e�tablisli, :a�� rsc t��L�'�opert_y as 13orro��er's pt•ir��ipal residerace r�rit�aii�fi0 days aitt;r ihc Gx�c•t��n oi'this�e��zri�y Ins�r�i�r�G��t ar�� shall cc�ntinx�e to o�c�zpy the I'roperty as�3orruw��•'s��•tric:��al residciicG io��at least a��c ycar ai'tcr th�daie�i'accupar�cy, Y��lcss I�c��er c�eter�rii�aes t�ia� this rcq�tirerncnt shall ta�sc:tznd��e hardship for the 13orro��vcr or u��css cxtc��rratin�; 4��•cu�nsta��4es exi�t�v��i��ar�bc;ya��d��urrurv�r'S c:c�i�tral. 7. pres+�rvatiort,nA�i�tenar�cea��d f�rot�ctionaf the Property;Inspect�ans.�.3orro�ver shal�no� dcstrc�y,d�ma�;e ar impair the�'r�aper�y,a��o��th� �'rop�rt�y to detcriorate or commit�vaste on the �'rc�perty. �3orro�Y�r shall mai�3tain t�f�G�'r�perty in�rder t�c�pr��er�t th� �'roper-ty frc�rn deteriorating or c�cc.'1�CaSrng irl Va�L�C C�tiIL tU tt5 GUtli�ltYt�i7. ��n�css it i�delerr�tincd p��rs�iant to Section 5 that rcpair or rGstoration is r�tot t;c;onomi�aily��si�let ��iorrotivcr shall pra�7�pt1y repair the �'roperty it dama�;ed ta avt�id fi�rth��-c�ctt�rior�ti�n t�x c�arr�a�;c�, it'i��s��•a��c�r�or�dcrnnati�n procccds are pa�d in c;o��c�:tior� �Witt�c�a�na�;c tc� thc�'rUperty,�3orr�rvLr shall bc res�c�nsible for repairin�,or res�orin�thc �'rapert�y an�y i�'�.e�ac��i-ha��c�ca�cd proccc:ds#c�r�uc��p�Yrpc�scs. ��Gnd�;r rriay��sbt�rse pro�:�;eds tor the rc�a�rs and re�tor�fioi��i�a sin�;��ay�ncnt or i��a ser��of�pro�r�ss p�ym�i7ts as th��vorl� is c;omplctecf. It tl�e i�asurance o�`CUn(�Gtnna.tion prUc:eGdS�.�rc not s�r t"i icicnt to repair or restore the �'rop�;rty, �3orrawer is not rc�icved�f'�3o�-rc��vcr's obligation tor th�con�ptct�on ot s��ch rep�ir or restoratiUn. �#"c;c�ndcrnnatia��ptocc;cds a�c paid �n�;o��iacctic�n�vith thc taki�-��;ot thc propert:y, I..cndcr sha��apply such prc�t�c�d�to the rc�dt�ctiUn oi�t�� indcbtecfness r��dex-the NUte and this 5ccurity�nst�rumei�t, tir�t to any dcl�nqr�cnt�.mc�tints,�� thcn tc� ��yf�n�r�t o�'princ:ipal. �tY��appii�ation of-t:hc procccd�to thc principal s�aa�l ��ot c;xtcr�d o��pU�tpoa�c nc��c datG��'thc r�YUnthly��ym�nts or�han�;e thc amot�nt of suc.•h paymc�-�ts, �:cnc�cr or its a�;�i�t��nay m�ke r�asor�ablc:cntrics��pUn�i�d inspcctians of thc�'roperty. I�i�ha5 reas��iablc;ca�rs�, �.a��dGr��r�ay i��s�ec:t t#�e inic;riur c�i th� improvements on thc�.'�operty, Ler�der Sh�l1�ive �3c�rro�ver nUti�c a�the�imc o�or pric�r to s�ich an ini�rior��spcc�ion spccifyin�;s�xch reasonable caus�. g. Bvrrower'�Loan Applica�ion.�3c�rr��v�r 5hall b�i��d�tault rf, d��rir�� the I..�a�l app�icatic�n prc��c�s, �3on�r�er c�r any persc�ns or�ntitic5 ac;tii��;at the diree�ic�t�of 13orror�vcr or with I3orro��r's kn�t�vledge or t��risc��t�av4 rn�t�ria�ly fa��c�, rriis�t;acii��i�;,�r�nac;c,�llratG it7t[]�•i-nalic��1�r statc;ments tU X�en��r�t�r fail�d#.� pr��ide Lcr�d��r�vi�h rnatcrial infur�Y�ati�ia} in c;c��r��c;tiUn�vith l�sc I.aat�. Vlatt;rial rcprc�entat�or�s inc;�ude, b��t ar�nut lirrii��;ct tc�, r�;�r��c�r�ttitic�i��x-ac:ci-��ii�i�;�3Ui"['U1�YG1�5 UL:(.•��paric:y�f't��c�'r�p��-ty�s i3c�r�-c��vGr'� prici�•ipat r�sid��c;c;. 9. Pro��ctior�of L.�r�d�r`s Int�r�:s�ir�t��+e P'ro��:r-�yar�d Rights Under th�s S��ur�fiy Instrum�nt.r� �a) �3o�-ro��er fails t�o�crf�rt��tl�e covei�ants ai�d a�;�•c�mci�ts�-oi�tained ia this 5��-it� I��strizt��ent, �b3 thet-c is a ic�al proi:c�edi��tha��-�i�;��t si�nit"ica��l�at~fcct ��ndcr's inferest in thc�'rUperty andl�r ri�hts ��dcr t��is�cc;�trity li��tfl�mGi�f[st�c:��s a p�•oc,•ccdii��;i�� bat�kruptcy,prabate, tor�ol�dc�ni�ati��or �or�eitt�rc�, for c��fU�•cc�mer�t c�i'a�ien rv��i�.�h�n�y attain pric]�•ity owcr�his Scc�rrity Ijlstrui�ncnt or to�ntorce la�vs c�r rG�;t��alion�},❑r��}I3orrorver has abailc�oucd the �'ro�cr�y,then Lci�der may do and pay#or rvhaiever is rcas�r�ab�e c�r appropriate t��rotect�.c��idcr's interest�xa the�'r�pcx-ty and ri�;hts under this �c�uri�y��ast�•t�i�le��t, inL�uc�in�p�•ot�c�ii��;�i��flc�r�s�cssin�the value of thc�'r�perty,ai�d scc�trin�;andlor repairin�thc�'roperty. L,�;r�der's actic�r�s can in�.•i��,bt�t are��o� limitcd to: (a}payii��a��y sums scc��red rHA I)cac:d c�f�rust Ih'itti Mf-1tS-NE: 91;3(3l�U14 E3arrk�.��5yst�riis7+� VMi}� VMf'�N{h1L}[1�Q6}_QO WUftL�KILIWL'P�'i►i�3flC:ltll Sf:NIC[.'�i 4'��gc;�ofi i 7 qU3��il5Ei935[� ��3:3 417 U�17