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200302633
<br />Bo,iowur shall promptly discharge any live which has priority over this Security Instrument unless
<br />Borrowe, '. f:a uerecs in writing w the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, het only so loop us Ronowcr it pcabrming such agreement; (b) contests the lien in good faith
<br />by or dcrcnds aeaiush cufor,cmcnI nl the lien :t- Icuul proceedings which in Lender's opinion operate to
<br />ee
<br />prevent 9I' tbrcuntmu of tl n c Le while t11w umccdings are pending, but only until such proceedings
<br />are ConcirldCd; „r te1 secures !hmh the holder ol . the lieu an agreement satisfactory to Lender subordinating
<br />the lien w d:!e Security Inst,ee,ei. II' Lender ;'..imnaws that any pan of the Property is subject to a lien
<br />which can atrain priority over this Sccurily Instrument, Lender may give Borrower a notice identifying the
<br />lien. Within IP dins of the date on which that notice is given, Borrower shall satisfy the lien or takeone or
<br />mom of Ihc.,[I ors set lorth above in this SIC tion 4.
<br />Lender may require Borh'owcr to pay a one -lime charge for a real estate tax verification and /or
<br />ecponin3 service used by Lcuder in conncdion with this Loan.
<br />5. Property Insurance. Borrower shall kccp the improvements now existing or hereafter erected on
<br />the Propertr 111surxl against loss by tire, hazards included within the tens "extended coverage," and any
<br />other ha..dt including, but not limited to, earthquakes and floods, for which Lender requires insurance.
<br />This 1111111..,[ .hat he maintained iu the an, utt (' mcluding deductible levels) and for the periods that
<br />Lenhdci rcgeh,, What Lendu rcqulms pursuau ur the preceding sentences can change during the term of
<br />the L,ai the ! nsurance carrier pmviduig the :1suoirce shall be chosen by Borrower subject to Lender's
<br />right to d,,.rtao,, Rorrowcr's choice, whicih right shall not be exercised unreasonably. Lender may
<br />require Bor.hnrcr to pay, in connection with this Loan, either (a) a one -time charge for flood zone
<br />determinutou, rcnih,c itioa and tracking scrviccc or (b) a one -time charge for flood zone determination
<br />and ccntlicaion services and subsequcm sharers each time remappings or similar changes occur which
<br />reasonahk n5, ht affect such daceniiuuiou (e certification. Borrower shall also be responsible for the
<br />paymcnl of am tees imposed by the federal I mcomicy Management Agency in connection with the
<br />review of an, hood roue derma ,ime cwhim, II ru an objection by Borrower.
<br />If Bonoocr tails w nhaleblin amp of the coverages described above, Lender may obtain insurance
<br />cwvemse. m I curler's option an(i Borrower's aspens,. Lender is under no obligation to purchase any
<br />pantie d.0 is 11 1mount r rug,. Tl uu a_ such coverage shall cover Lender, but might or might
<br />not prm.rt 1,111 otvcr, Rorrov cr's equity in the repot, or the contents of the Property, against any risk,
<br />hawrd o, li.Iiai ry and might provide greater cr lesser coverage than was previously in effect. Borrower
<br />ackua,1,lh, s that the cost ul die insura11cc coverage so obtained might significantly exceed the cost of
<br />insuranor hh.e Ron over could have obtained. Am .mounts disbursed by Lender under this Section 5 shall
<br />bn:omc Iakhi ional debt of Bolrowcr securd by this Security Instrument. These amounts shall bear interest
<br />at the Fntc rlac From the date of dishacr,na a and shall be payable, with such interest, upon notice from
<br />Lender to Borrower requesting pavuhan.
<br />All insurance policies rcluimd by Londcr and renewals of such policies shall be subject to Lender's
<br />right to duapprovc such policies, shall Include a standard mortgage clause, and shall name Lender as
<br />mort,II tin l 01 as all addilaa,il loss payee. I ceder shall have the right to hold the policies and renewal
<br />certificates. 1! Lcuder requires, Borrower shall promptly give to Lender all receipts of paid premiums and
<br />renewal uoa„s. If Borrower obtains any loan of insurance coverage, not otherwise required by Lender,
<br />for dam.gc ho. nr devntclae tit, the Piopem ech policy shall include a standard mortgage clause and
<br />shall name Lcuder as mart gaacc and /or as an additional loss payee.
<br />In 1h, Went of B
<br />I",', orrower shall civc prompt notice to the insurance carrier and Lender. Lender
<br />may m.kc proof of loss it not made promptly iw Borrower. Unless Lender and Borrower otherwise agree
<br />I. wahine, ane igwnm:e proaccds, whehcr ur not the underlying insurance was required by Lender, shall
<br />be appli d m restore [Ion 01 repair of the Property, if the restoration or repair is economically feasible and
<br />Lender's scc.rity is 11,11 Icsscnd. During such rc ;hair and restoration period, Lender shall have the right to
<br />hold such innumur. procecd> .mil Lender has had mh opportunity to inspect such Property to ensure the
<br />-6tNet . ,i „ "ni "18 Form 3028 1101
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