Laserfiche WebLink
,.:.� ;� <br /> , ;,_�M <br /> „ � <br /> .,,.�,, _- <br /> ��_ 1�,��5t; ARIGINAL � � - <br /> � „_R_ � <br /> � 6. Occupancy, Preservatlon. Maintenancc und Protcction aP thc Property; Burro�ver's I.uUn AppBcation; I -_ <br /> � Lcascholds. Borrowcr shull occupy,cstablish, and usc thc Property as Borrowcr's principal residencc within sixty days � '_ __ <br /> uftcr�hc cxccutian of chis Security Inscrumcnt and shall concinuc to occupy►hc Propeny as Barrowcr's principal residencc q-- <br /> for at Icast one year afeer the daie of occupancy, unless L,�:nder uthenvise agrees in writing, which consrnt shall not be � ��___ <br /> I unreasonAbly withheld,or unless extenuating circumstances exist which are beyond Borrower's control. 13orcower shall I _�___'�' <br /> not dcstroy,damagc or impair thc Property,ailow thc Property to detcriaratc, or cammit waste on thc Praperty, Bonowcr :,� <br /> shall be in default if nny forfeiture actiun uc procceding, whether civil or criminal, is hegun that in IAnder's��ood falth _ <br /> judgment cauld result in forfeiture of the Property or otherwlse materially impair the lien created by this Securlty _ <br /> Instrument ur l.cndcr's security interest. Borcawer may cure such a default and reinstate,as pravided in paragraph 18,by <br /> • causing the actlon or proceeding to be dismissed with a ruling that, in Lender's good faith determination, precludes <br /> forfeiture of the Barrower's interest in the Property or other material impairment of the lien created by this Security <br /> Instrument or Lcnder's sccurity interest. Bonower shall also be in default if Bo�rower, during thc loan application _ <br /> process. gave materially false or inaccurate infonnation or statements to L.ender (or failed to provide I.ender with any __ _ <br /> material informatlon) in connection with the loan evidenced by the Note, including, but not limited to, rcpresentatlons <br /> conceming Bonower's occupancy of the Property as a principal residence. If this Security Instrument is on a leaseh�ld, - <br /> Borrower shall comply with all the provisions of the lease. If Bonower acquires fee title to the Propeny, the leasehold and <br /> the fee title shall not merge unless Lender agrees to the merger in writing. <br /> 7. Protection of Lender's Rlghts in the Property. lf Horrower fails to perform the covenants and agreements <br /> contained in this Security Instrument, or there is a legal praceeding that may significantly affett Lender's rights in the <br /> Propeny(such as a proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations), <br /> then Lender may do and pay for whatevcr is necessary to protec[ the value of the Property and Lender's rights in thc . �_ <br /> Property. Lendcr's actians may include paying any sums secured by a lien which has priority over this Security <br /> � Instrumen[, appearing in court,paying reasonable attomeys' fees and entering on the Property to make repairs. Although <br /> Lender may take action under this paragraph 7,L.ender does not have[o do so. _ <br /> Any amounts disbursed by Lender under this pa��agraph 7 shall become additional debt of Borrower secured by this e <br /> tlie d te of Idisbursement at Bhe�Note ate and shallrbetpayable1e h�interest nuponsnat ceufrom I.ender tot Borrower - <br /> '� requesting payment. =- <br /> S. Mortgage Insurance. If I.ender required mortgage insurance as a condition of making the loan secured by this <br /> Security Instrument,Borrower shall pay the pcemiums required to maintain the mortgage insurance in effect, If,for any _ <br /> reason, the mortgage insurance coverage required by L.ender lapses or ceases to be in effect, Bonower shaq pay the __ <br /> pr�miums re���;red co obtain coverage substantiully equivalent to the mortgage insurance previously in effect,at a cost _ _ <br /> substantiall y equivalent to the cost to Borrower of the mortgage insurance previ�usly ir�cffcct, from an�lcerr.ate mertga�e `'�= <br /> insurer approved by Lender. If substantially equiv a lent mortgage insur an ce c o v e r a g e i s n o t a v a i l able,Bonower shall pa y to �_��,_ <br /> Ixnder each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Bonower when the -•• � <br /> insurance coverage lapsed or ceased co be in effect. I.ender will accept.use and retain these payments as a loss reserve in "�;-- <br /> •�,�,�,-: <br /> lieu of mortgage insurance. I.oss reserve payments may no longer be requi=Q�ded b� ntinsu er anrovedf b Lender <br /> insurancc coveragc (in thc amoun[and for the period that I.ender requires) p Y PP Y ��' <br /> ugain becomes available and is obtained. Bonower shall pay the premiums required to maintain mortgage insurance in •.:�. <br /> effect. or to provide a loss reserve, until the requirement for mongage insurance ends in accordance wlth anY written �.V <br /> agreement be[ween Borrower and Lender or applicable law. ''.��.?- �- <br /> 9. Inspection. I.ender or its agent may makc reasonable entries upon and inspections of the Property. Lender ����—, <br /> shall give Bonower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. r�� <br /> � 10. Condemnation. The proceeds of any award or claim for damages,direct or consequential, in connection with e;�.,_ <br /> any condemnation or ocher taking of any pan of the Property, or for conveyance in lieu of condemnation. are hereby [ <br /> assigned and shall be paid to Lender. e`�` -- <br /> In the event of a total taking of the Propeny, [he proceeds shall be applied to the sums secured by this�ecurity ° _ <br /> Instrument, whether or not then due,with any cxcess paid to Borrower. In the cvent of a partial taking of the Property in =;_�.._ <br /> ' which the fair market value of che Property immediately before the taking is equal to or greater than thc amount of the sums .,�=-�� <br /> y sccured by this Security Inscrument immediately before the taking,unless Borrower and Lender otherwise agree in writing, <br />