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20200781 conte is the lien in good faith by, or defends against enforcement of the lien in, legal proceedings whic in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are p nding, but only until such proceedings are concluded; or (c) secures from the holder of the lien n agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lend r determines that any part of the Property is subject to a lien which can attain priority over this curity Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the d to on which that notice is given, Borrower shall satisfy the lien or take one or more of the actio s set forth above in this Section 4. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on th Property insured against loss by fire, hazards included within the term "extended coverage," and ny other hazards including, but not limited to, earthquakes and floods, for which Lender requi es insurance. This insurance shall be maintained in the amounts (including deductible levels) and or the periods that Lender requires. What Lender requires pursuant to the preceding sentences can hange during the term of the Loan. The insurance carrier providing the insurance shall be chos n by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not e exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, eith . (a) a one-time charge for flood zone determination, certification and tracking services; or (b) a on -time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certi ication. Borrower shall also be responsible for the payment of any fees imposed by the Federal Em gency Management Agency in connection with the review of any flood zone determination resu ting from an objection by Borrower. I Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coy rage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any articular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or ight not protect Borrower, Borrower's equity in the Property, or the contents of the Property, agai st any risk, hazard or liability and might provide greater or lesser coverage than was pre iously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained mig t significantly exceed the cost of insurance that Borrower could have obtained. Any amounts dis.ursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Sec rity Instrument. These amounts shall bear interest at the Note rate from the date of dis.ursement and shall be payable, with such interest, upon notice from Lender to Borrower req esting payment. ll insurance policies required by Lender and renewals of such policies shall be subject to Le der's right to disapprove such policies, shall include a standard mortgage clause, and shall name Le der as mortgagee and/or as additional loss payee. Lender shall have the right to hold the pol cies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all rec ipts of paid premiums and renewal notices. If Borrower obtains any form of insurance co erage, not otherwise required by Lender, for damage to, or destruction of, the Property, such pol cy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an ad • itional loss payee. I n the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Le der may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower of erwise agree in writing, any insurance proceeds, whether or not the underlying insurance was re• uired by Lender, shall be applied to restoration or repair of the Property, if the restoration or re air is economically feasible and Lender's security is not lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Lender may disburse NI F( La BRASKA - Single Family - FHA RM 3028 9/14 Initials: er Forms Inc. #FHA3028MERS 6/15 y In§truument - MERS Page 6 of 14