95107871 - Laserfiche WebLink

Browse

. g 5-. ia�'?8"71 � - �s.Ha�ara or Properc�I�sranc� s«,o�vc sl�t lme�me i�opo.mw�no,.ati�a Oareaflc erectoa ao u�e PraQacy ins�aed a�loss by fire,bar�rds�witl� t6e oerm'a�le�ded oov+ersgd�od�oltwr�ds.�iloods or � floodin8,fo:•which I.�r.der raqs�s�oa.�'ss a�scx�erae�i!be�m�a'axd i�the�mou�t and far tbe pai�!fr�t L�eader � re�rires.The iniurance wrrirr p�vvidims�6e a�ce st�ll be cLoeeu by Basowrr sobjeet e4 I�eader's sP4xt�val ahich�all not j be utuea�nabiy withheld. If Borra�►+�er fa7s b � c.auttage�e�d abor'e.L�eader mal, �t I.ra�t's � obls� ! caverage�o protax i.akfa's rights io tbe Aoparty im sooccdona w�tb pen�aph 7. All innam�ce policies and rene�►sls�11 be aoceptable b I�eodet and-�iaclad�e a�td matt�age cl�e.I�endtr�al; nave dx righc ro Iww the poucies ma�.ra6.If Landiar nr,,�.�-!s:sar,wer sh�poa�p8p Si.e a r�ada�raei�ts oc peia premimns and rrneoval�a�as.In tt�eveat ot 1o�s,Por3o�e;r��ire Pe��t no�e 10 Mre�csriya aod I�der.I�arier mr.y rs�alce proof of loss if not r.sde promgtly by BaRO�ver. . Un�s Len�kr and Borroaa os6e�wne agtee m arrong,�c.ce pcoceeds sldl!6e�pGed b restDr�tion�Or►�of Ihe ; �Y�8ed,if the r�on a r�pair is 000noaria}ly C�ie aod Laida's aeacity is nct le�et�ed.If fie te.�lacaooa or repair is n�a�nornic�Uy fe�k a La�der's sx�ait�araam be 1ea�aied,d�e�anoe P��oceedi�a oe�+ed b d�t� sxured by this Stattity Ir�onnnmt. �a uot drm doe.wi�aaT s:a�ss pad b Bmvwa.if Baiower ab�ndoin Hk . Property.ar does not answer wahb�30 dsys a notice frn�n I.eeder that ie i�ranx�ar�ri Lat ofie�ed t�xde a chim,d�an , I�nda mr.y colDxt du ins�n�m�ae poaeds L,a�da neey au d�e peoaeds e�repdr a resforc 1be PtoQaty ar b pap s�+s sec�aod by t�:�s�,sr��y tr.strvmen4•vaeiha ar�st tbe�aoe.'ibe�paioa.r�be�in w�m u►e n�oe a�irai. r t.�lds L.aid�.r�md Borro+vx other�vi�e aigee is��vcideo�.ar7 aDP��d W�b P�+P��1 not ta«taad ar postpo�e the d�ae�3ate of tbe monthty payroa�rdatal b at p�ngra�ha 1�ad 2 ar d�nge d�e amaoet af die pymeatt.If onder ptragnpd 21 the Pro^aty is acquired by L.a�.Bssr�e�a's s�t�� 'an�nce po6cies aed p�ooeeds r�nit�fiom d�nf�ge b d�e � �Y P��0�thC et�On Sl�1 pa�s!o I.eoder b d!C E�te6t Of d!E soms SO�ed b�thn Seewrity I�i:� grior to the acquisition. 6.Occapanc�,Preaervati�,Mafohoaaa md Pro�ectias of t6e PrvpertT: 8a�nrower's Lo�' Appiicatiaa:I.es�e6olds. Borrower shall occupy.es�blisfi.and we the Aopaty as Bcaow�s's pca�cip�l�dana�sbat�r days af�es the exacuiion� this Sec��rity Instrument m�d shaU contimu eo oxu�y tbe Pe�Qaty as BaRCrk-�r's ptin�al re�sidena for at iea�t oae yar afta tbe clace oF occupancy. uniess I.ender oth�rovise a�roes in �. a6ich cam�s!� not be msmonably wnt6l�1�.or anless ea�tenu�cing circnmstanas acist which are bayc+�d Borroara's contr�ol.BactaNer sSaH aoc aestrop.�a u�d�e A�opaty. allow thc Praperry oo daaio�e, or oommit w�te an t6e Piopat�. Banv�rar�aU 6e in de�oit d aq► farfd�action or Froc�ed;n8,whethet civil or aiminal.it begtm duc ia l.ender's Svod tait6 jodgafmt 000id r�Wt ie fMeioee af the Pt�eety ac oth�wise maurially impa�r she tien cra�ed by this Seaeitp L�samneot or La�der's xciait�►uqe�st.Bariow�a m�►aae soch a de,fault and reinstaie. �s P�� P��'+�Pb 18.by e�i� tbe actioa a pt000ed�g�o be�ed �rith a totbtg that.in !�ndcr's aood faith�derminaoon.precl�CS farfenme af die Banower's ior�est ia�he Peopesp or o�ba ma�eriai�tnaii of the tien a�eated by this Secnriry InstrumeM a L,eocfa's socur�y m�arest.kano�+a smH abo be a�ddsolt it'BaROaa.doring the �oan appli�ation proa�.gavc rt�odislly faloe a nm�e iafa�m�sioa ot�eo L,ender(a fa�d 1�providc Lender with a�:y ma;V:� infcxmation) in cane�fion �r:th the foen erideoced by d�e I�o1e. �. bvt not faaieed �o. r�oos ��i,r�rring t�orrower`s oxu�cy af tlie Propeny as a�residaxe.If dar Sacarity►1�m�t is oa a 1e�d�oid.Baaowa stt�ii cot�:n:y wie�aIt�provisiar,s of d�ka�.If Bo�eowa acq�es��e��n d�e Ropaty.l6e iwsdwld snd!!�fx title s6ai1 not m��:,uniess Lendex agrxs ro Ne merga ia wciting. 'f.�':otcr.tion of Lender's Ri�hb�t6e Property. If Bararver fails�o petfam tl�e oova�tr aod agreertKnts con�ined in thi� Sa�uri�� Insvument,or tl�ae is a kgal Procxedin8 that m�►�d�patty af�'ea L.ender's rigtns in the Pio�paty(sucl�as a p:ocoM�ng in banicnrptcy.probatc.fa�ioe or tafeitara or m eatare taw�s a reguhda»).d�a�La�der may do and pay fcr w�hateva is�eccssary to p�otect the vatne of�he P�opaty and I�endar's righu in tbe Ao�perty.t.eader's actioas may inchxk PaYing any scims sxuraf by a lia� whicl� hat priotity wv tlris Sa�aity In� aPP�B � oourt, PayinB teaoonabk attnmeys' fecs and a�texing on th�Prope�ty eo make tep�ns.Abhoa�gf�I.enda'may tabe actioo undcr tbis pmragr�h 7.Lenda docs not have to do so. Any amounts disbursed by La�da�this paragr�ph 7 sl�dl beton�e sd�tiaa�al debt of Baso�a:�ored 6s►thu Sa�uity InstrumenG Unless Bamwcr and I.ender agca�o odxr 1�s of paymast.t3�de�s!�bear ar�from d�e daee of disburse;mcnt at thc Nobe ratc and shalt be p�yabk,witd�leest.npon notia fretn I�ender i�Bart�o�tequ�ting p�yrac.nL 8.Mortgage Iesnrsime. If l.encla reqn'ved mortgage��s a oonditi�xi of�tbe lo�secvred by this Seauity Inswment, Borrowa shall PaY the Praniu� raNuod to mainn� tbe r.�ort�� in effoct V. foc mey tzaoon. the mortgage insursnce coverage required by Irax:v lap�s or aases tfl be in effe�.Barow�er sdaD p�y the psemiarc3 tequired to obtain coverage subsmntially cyuivaic�t ta die mcxtgage iitsu�ce previ�siy�effect.ffi a cost subs�stiallv aqnivala�t to the cast to Borrower of the rnortgage ins�uance pevioatty in eff'xt. from ar. at�e maitgsge in�aor apQro:�I �sy Lmder. Ii substanrialty cquivalent tnattgage instuancs covetatge is not ava�lc,Ba^-.mrer sl�all pay fo L.ender exh tmnd��snm eqtcal o0 one-tweW�of the yearly mortgage�premimn bdn8 P�d bY Bocrvwer w6en the�aaa:oe covaage l�sad a�aaxd o� be in efixt Lender will acap� �se�d retain tLese peymenu aa a loss reserve ia �ar af mortgage�a. L�s��verve � Fora�302f 9/90 � ��-6R(NE)�9zi�� aa9.�ms i��s: . '♦ .�i' ,.� . { � �