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MAR -14 -2003 FRI 01:46 PM WELLS FARGO HOME MTG FAX NO. 4025362983 200303116 Borrower shall promptly discharge any lien which has priority over this Security [natrutnent unless Borrower: (a) agrees in writing im Ole payment of the obligation secured by the lien in a mmmer acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends agairst enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcer sent of the lien while those proceodings are pending, but only until such proceedings are concluded; or (c; secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Secm ity Instrument. If Lender determines that any part of the Property is subject to a lien which can attain pri< rity over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions s tt forth above in this Section 4. Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or reporting service usel by Lender in wmection with this Loan. S. Property In! mraince. Borrower shall keep the improvemenrs now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, but not limited to. earthquakes and floods, for which Lender inquires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. Wh.m Lender requires pursuant to me preceding sentens:es can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, cenifimtion and tracking scrvicus; or (b) a one -rime charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might afftet such determination or certification Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Bormwer fails to maintain any of the coverages described above. Lender may obtain insurance coverage, at Lender'; option and Borrower's expense. Lender is under no obligation to purchase any particular type or armmuit of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower. Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser wvemge than was previously in effect. Borrower acknowledges that the coal of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional det t of Borrower secured by this Security instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon nouce from Lender to Borrower requesting payment. All insurance po: icies required by Lender and renewals of such policies shat] be subject to Leader's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and /or as a additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage o, or des:t action of, the Property, such policy shall include a standard mortgage clause and shall name fender as mortgagee and/or as an additional loss payee. In the event of 1<ss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of lots if not trade promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insursn ce proceeds, whether or not the underlying insurance was required by Lender, shall be applied in restoraticn or repair of the Property, if the restoration or repair is economically feasible and Lender's security is no lessened. During such repair and restoration period, Lender shall have the right to hold such insurance prxeeds until Lender has had an opportunity to inspect such Property in ensure the 1� -61NEl we• Form 3028 1101 P. 15