201701709 - Laserfiche WebLink

Browse

2� 17� 17�9 Borr�w�r}under a�I insu�an�e policies�overing the Property, inSofar as such ri�ht�are�.pp�icab�e ta th� co�erage of the Property. Lender may use the ins�rance proceeds ei�her to repair or restore the Propert�r or ta pay amaunts unpaid under the�ote ar this�ecur��y Instrum�nt,whether or not then due, 6. �ccupanc►�.Borra�ver sha�t occupy, establish, and u�e the Pro�ert}� as Bflrro�er's pr�n�ipal�residence tivithin�[�days after the execution of this S�curity Instrument and shal�car�tinue ta Qccup}�the Property as Borro�v�r's principai residenc�far at least Qn�year after the date of oc�upanc�,u�less Lender determinc�that this requircment sha11�ause undue h.a�dship for the Borro�cr o�unlcss extenuating circumstances exis��vhich are b�yond Borra�ver's co�tro�. 7. Preser�ation,Maintenanceand Prvtectianof the Property;Ins�ectior�s.Sorrower sha1�not destroy,damage or impair the Property,aliaw the Prap�rty to deteriorate or commit waste on the Property.Borrawer shall maintain the Praperty in order to prevent the Praperty frQm deteriorating Qr decrea5in�in�a�ue due to its�andition. Unles�it i�determin�d pur�uant to 5ection 5�hat repair t�r restoration is not e�onomica�ly feasib�e,Borrower shall pr�mptly repair the Propert�if damaged to avoid furt�er deter�oration or damage.If�nsurance or condemnatian praceeds are pa�d in connection wxth damage to the Prap�rty,Borrower sha�l be responsib�e far reparring pr restor�ng�he Proper�y only 'rf Lender has released praceeds for such purpases. L�nder may disburse proceeds for the repairs and restoration in a single payment ar in a series of progress payments as the work is campleted. If the insuranee or condemnation proceeds are no�suffi�ient to repair or restore the Prop�rty,Borro�er is not relie��d of Barro�er`s ob�igation far the comple�ion�f such repair�r restorat�on. If cond�mnation pr�c��ds are paid in connectian with th�taking of the propert�,Lender sha�l appl�suc� proceeds to the reductian af the indebtedness under the Note and this S�cur�t�r Instrurnent,f rst�Q an� deiinquent amountsn and then to pa�ment of prineipa�.Any appli�a�ion of the praceeds to the prin�ipa� shall not extend or postpone the due date of the monthly payments or chan�e the amaun�af�uc�h payments. Lcnder or its agen�may make reasonab��entrics�pon and inspcctrons of the Property. If xt ha� rea�anable cause, Len�er may inspect the interiar o�the improvements on the Praperty. Lender sha�l gi�e Borrower noti�e at the time af or prior tQ such an interiar inspec�ian sp�cify�ng such r�asonable cause. 8. Bvrrower's Laan Applieatian.Borrower sha�I be in default if, during�the Loan app�ication.pr4cess, Borrower or any persans or entities acting at the dxrection of Barrawer or with.�orrower's kno�ledge ar consent ga�e materially fals�, mrslea�ing,or inaccura�e�nf�rmatian or sta.ternents ta Lender�or failed to pro�ide Lender vvith mate�'�ai information}in connection with the Loan. Mat�r�a�repr�sentations inciude, but are not limited ta,repres�ntations concerning Borr�wer's accupancy af the Property as Borr��av�er's principa�residen�e. 9. Protect�anaf Lender's Interes�in the Prop�r�yand Righ�ts Under this Security Ins�rument.If ta}BorroWer fails ta perform the co�enants and agreements conta�ned in�his Securxty Instrument,�b} there is a�egal proc��ding that might srgnif�cantly affect Lend�r`s interest in th�Property andlor rights under this 5ecurity Instrument�such as a proceeding in bankruptcy,proba�e,for candemnation or farfeiture,for enfQrc�ment af a Iien which ma�a�ta�n priority�ver this�ecurity�n�trument or to enforce . lavvs ar regulations�,ar(c)Borrower has abandoned the Property,then Lender may do and pay for tivhatever is reasona��e ar apprapria�e to protect Lender`s in�teres��n the Property and right�under�his Securi�y�n5trument, inc�ut�ing pr�tect�ng andlor as�essing the value of the Property,and securing andlor repairing the Pro�erty.Lender'�act�ons can�nc�ude,�aut are not lirn�ted tQ; �a)paying any sums secured �HA D�ed af Trust With MERS-f�E 913412�14 Bankers SystemsT� VMP� �lMP4N�NE�{1�Q�}.4� Wa�t�;rs Kfuvver�inancial5ervices P�ge S nf 17 q03373�19893 C�233 331 0817