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FROM AMERIQUEST
<br />(TR 9.13'01 9:39/ST, 9 ; 28,'N0, 4862577705 P IS
<br />200110049
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Gender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith
<br />by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the enforcement of the lien while those proceedings are pending, but only until such pnoc ccdings
<br />are concluded; or (e) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Instrument. If lender determines that any part of the Property is subject to a lien
<br />which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the
<br />lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or
<br />more of the actions set forth above in this Section 4,
<br />Lender may require Borrower to pay a onetime charge for a real estate tax verification and /or
<br />reporting service used by Lender in connection with this Loan,
<br />S. Propeety Insurance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by fire, hazards included within the term "extended coverage," and any
<br />other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance.
<br />This insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may
<br />require Borrower to pay, in connection with this Loan, either. (a) a one -time charge for flood zone
<br />determination, certification And tracking services; or (b) a one -time charge for flood zone determination
<br />and certification services and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such determination or certification. borrower shall also be responsible for the
<br />payment of any fees imposed by the Federal Emergency Management Agency in wnnection with the
<br />review of any flood zone determination resulting from an objection by Borrower,
<br />If Borrower fails to maintain any of the coverages described above, Under may obtain Insurance
<br />coverage, at Leader's option and Borrower's expense. Lender is under no obligation to puraase any
<br />particular type or amount of coverage, Therefore, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Borrower's equity is the property, or the contents of the Property, against any risk,
<br />hazard or liability and might provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest
<br />at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting paytnent.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as
<br />mortgagee and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal
<br />certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and
<br />renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender,
<br />for damage to, or destruction of, the Property, such policy shalll include a standard mortgage clause and
<br />shall now Lender as mortgagee and/or as an additional loss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender
<br />MY make proof of loss if not made promptly by Borrower, Unless Lender and Borrower otherwise agree
<br />in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall
<br />be applied to restoration or repair of the Property, if the restoration or repair is economically feasible and
<br />Iender's security is not lessened. During stu:h repair and restoration period, Lender shall have the right to
<br />hold such insurance proceeds until Leader has had an opportunity to inspect such Property to ensure the
<br />pcS
<br />(?0318! 9798
<br />imo.
<br />-61NE? loaosl Pepe e a �e form 3028 VOi
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