96101948 - Laserfiche WebLink

Browse

� '.vurt3''�' t.o `S `•�n . .� .. . '� __ � � .7` F —___ . 9C" ��1...�� - `• 5. �IInxast9 07 Pm�E�p Insnstu►se. Borrower sha11 keep tde improveinents now existing ar hereafter erected on the �; .-� ,. _ Pmp.;.rty i�sured agsinst lc�ss by fire, harar�s issclu�ed within the tems 'extended oovcrage" an d any other hazards, iacluding �r:b.. _' floods or�taodins.far wlich Lender reyuires insur.�e. This insurance shall be maintained in the amaunts and far the periods .s��_ � that Lender requires. 'i'it�insurance camer providing thc insurance shall be chosen by Borrocver subjec[tu l.ender's approvai =' ��hich shstl not be unreasovab{y �vithheld. if Boreo�ver Fai{s tc+maintain coverage described above, Lender may. at Lender's �� . . aption,ob22in oovern,n,e to pratect Lencter's ri�hts ia the Property in accordance with paragraph 7. �-_ • Ail insuranr�policies tuEti sen�wats shall be acceptabt� to Lender and shall include a standard mortgage clause. l.ender — sfi�ll have the rigELt to hold the poli�i��.r'..newals.If Lgnde:requims.Borrower sh�ll promptly give t�Lendet all receipts of ��= paid premiums and renetvul notices.in!!�event af loss. Borrotive-shall give prompt notice to the insurance rarrier and Lend�r. � `:=r• l.ender may make proof ut loss if not made prompily by Borr��ver. �-� �� ;,�.. Ualess Le�r and 8otto+.�rer a�envi�agre�in writing. insurance praceeds shall hE applied to restoration or repair of th� ��.; - " Property damaged,if the rest�ratiun or repair is economirilly feasible and Lender's security is not lessened.tf the restora.tion or —___ , r�air is as�t ecoaomica{Ig fz�ssnble or Lender's security woutd be lessen�d.the insura.nce prnceeds shall be applied to the suu�s --_ se�red by thls Security in�i�vnteaz;.. whether or not[hen due. with any excess paid to�orrower. If Borro�ver abandons the �- Property, or da�s�eoi answer withi. 30 days a rcotice fmm Lender that the insurance cazrier has offered to settle a clxim,then �� Lendat may collect Ne iasaratux: p�uceeds. Lender may use the proa�eds to repair or restore th� Pro�erty or w pay sums secur�ed by this Security I��mat�nt..��h�eer or not then due.The 30-duy period wiA begin when the notice is given. .`"'�.` Untess l.esudee and Sotrower otucnvise agree in writing, any application of proceeds to principai shall not extend oa �`� s ne the due data a the monthf a nts refemed to in ara hs 1 and 2 or chan e the amount of thr a ments. If po� Y P Y� P �A g P Y -- ;'': under pata�rn�h 21 ehe Propetty is acquired by Lender. Borrower s right so sury insurance policies and proceeds resulting from -°-�° �.�,r','�,, damage to the Propctty prior tv the acquisition shall pass to Lender to the eatent of the sums secvred by tlris Secv�rety Instrument �_�. ,;:-:':: immed�ately prior to tP�acqvisition. �%�% ,r:�`1. 6.ET�oQanttay,Freservattan.i�isinteaance and P►�tectfon of the PimpPriy;Borrower's Loan A�pi�ation; I.e�ettaltls. �;, =�_':;��f� 1Borrowet sttttll aac