201008319 - Laserfiche WebLink

Browse

Zo�aos�19 Sonrower sh�ll prompdy discharge nny lien wtxich has prlority over tlils Secuclty Instrument unless Bprrower: (a) agrees in wrlHng to the payment of the obllgation secured by the lien in a manner accepta6le tn Lender, but only sa long as Borrawer is perfatming such agreemenh, (b) coatest� the lien in gaod fafth by, or defends sgainst enforcement of the lien in, Isgal proceedings which in Lender's apinian operate to prevent the enforcement of the lien whfle Wase proceedings are pending, but only until such proceedings are concluded: ar (c) secares from the holder of the lien an agreemcnt sadsfactory to Lender subordinating We lien to tb3s Securlty Instrument. If Lender deteru�ines that any part of the Property is subject to a lien which can attain prlorlty over this Ser.urity Instrwnent, Lender may give Borrower a nnGlce identlfying the lien. W�t6in 10 days of the date on which that notice is given, Borrower shall sadsfy the L�en or take one or morc �f the acHons set forth above in this Section 4, Lender may �equire Borrawer to pay a one-time charge for a real estete tax verl�Ir.�flon and/or reporting service used by Lender in wnnection with this Loai►. s. Propexty Ineuranae. Barrower shall keep the improvements now exisHng ar hereafter erected on the Property insured against loss by flre, hazards included within the term "extended caverage�" and any other ha7ards including, but not limited to, earthquakes and flaods, for which Lender requires incurance. This insurance shall be waintained in the amnunls (including deducii6le Ievels) and for th� perlods that Leader requires. Wlrat Lender reqwlres pwsuant to the preceding sentences caa change during the teru� of We I.oan. The insurance carrier provlding the insurance shall be chosen by Sorrower subject to Lender's right to disapprove Boxrawer's choice, wtulch right shall nat be exerclsed woreasonably. I.ender uiay require Borrower to pay, in connecdtm with this �,aan, either: (a) a one-time charge for flood znne determinaHon, cerGiflcatian and tracking sexvices; or (b) a one-dme ch�rge for flood zone determination and certiHcaHon services and su6sequent charges each dme remappings or similar changes occur which reasanably might affect such determinadon or cerHflcadon. Borrower shall alsn be responsible for the payment af any fees imposed by the Federal F�mergcncy Management Agency � cannectian with tF►e review of any flood xone determinatlon resulHng fram an abJection 6y Borrower. If Borrower fails to maintain any of the coverages descclbed above, Lender may obtain insurance coverage, at Lender's optian and Borrower's expense. I.ender is under no obligatlon to purchase any particular type or amaunt af coverage. Therefore, such caverage s6all cover �.ender, but might or mlght not prokect Bonrower, Borrower's equity in the Pmperty, ar the contents of the PropeRy, against airy rlsk, pazard ar l�abtlity and might pravide greater ar lesser coverage than wgs previausly in effect. Borrower acicnowledges �hat the cost of the insurance coverage so abtained might signi�lcantly exceed the cost of insurance that Borrowex could have abtained. Any amounts dis6ursed by Lender under this Sectian 5 shall become additlonal debt of Borrower secured by this Securlty Inswment. These �uuounts shall bear interest at the Note rate from the date of disbarsement and shall be payable, with such iaterest, upon nodce from Lender to Borrower reyuesHng payment. All tasursnce policies required by I.ender and renewals of such polides shall be subject to Lender's rlght tu disapprove suich polides. shaU include a standard mortgage clause� and shall uame I.ender as mortgagee and/or as an addiHonal loss payee. Lendec shall have the dght w hold the poltdes and renewal ce�tifle�tes. If Leader requires, Borrower shall prnmPtly gfve to L,ender all receipts of patd premiunus end renewal notices. If Borrower obtains any focm of insurance coverage, not otheiwise reqnired by Lender, for daAaage to, ar destruct3on af, the Pmperty, sucb palicy shall include a standard mort�age clause and shall name I.euder as mortgagee and/or as an additiana! lnss payee. Tn the event of loss, Barrower shell give pmmpt notice ta the inswance carrler and L.ender. Lender may make proof of loss if not m�de prompdy by Barrower. Unless Lender and Borrower otherwise agree in wrldng, any lnsurance proceeds, whetber or not the unde�rlying insurance was required by L.ender. s1�a11 be applied to restaration or repair of We Praperty, if the restoradan ar repair is econo�anically feasible and Lender's securIty is not lessened. During such repalr and restoratlon pedod, Lender shall have the rlght to hold such insurance proceeds nndl Lender has had an opportunity to fnspect such Property to ensure the 7pg5222� OOSA135888 N�IiASIU - Stngle Fsmily -��nnls M�dF�ddls M�c UNIFORM INSTF�JMB�T WIT� �.�p(� �� r.9. s w is i„�n.�s: Form 90�8 1/G1