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APR -15 -2003 TUE 0108 PM HOME FEDERAL -NORTH 308 382 6338 P 07 200305001 Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only to long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforeemm of the lien while- those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lander subordinating the lien, to this Security Instaumeat. If Lender determines that say part of t1tE Property is subject to a lien which can attain priority 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 set forth above in this Section 4. Under may require Bonnwer to pay a one -time charge for a real estate tax verification and, /or reporting service used by Leader in connection with this Loan. S. Property lnsnrarrce. Borrower shalt Deep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term 'extended coverage,' and any other hmfds mint, but not- I mnw t to, mthWakes and floods, fbr which Leader requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that lender requires. What Lender requires pursuant to, the preceding sentences, 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 bt exercised unreasonably. Lender Tray require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certification and tracking services; or (b) a oust -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 certification. Borrower shalt also be responsible for tare 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 Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or amount 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 coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might sigaifreantly exceed the can of insurance that Borrower could have obtained. Any amounts disbursed by Lander under this Section 3 shall become additional debt of Borrower secured by this Security Instrument. T tese amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by lender and renewals of such policies shall be subject to Lender's right to disapprove such policies, shall include a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shalt have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lander all receipts of paid premiums and renewal notices. If Bostower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagm and/or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of toss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the iropery, if the restoration or repair 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 Inttl�M; (ft-61NEI 100061.01 r.o& a or 15 Form 9028 Val