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0042603332 <br />200305'705 <br />Borrowers hall pro mptlydischargany lien which has priority overt his SecuritylnstrumendinIess <br />Borrower (a)agreearwritingtothepaymendf theobligatiorsecurebytheIienin am anneacceptabte <br />Lend erOutonly solo ngasBorroweis perform inguchagreemerM) contesttheIienin goodfaithby,or <br />defendagains�nforcemeof thelienin, legaf}oroceeding+ahichin Lender's)pinioroperatto preventhe <br />enforcemeruf the IienwhilethosEproceedingErependingOut only untiI suchproceedingEreconcluded; <br />or (c) securefarom the holderof the lien an agreemer&tisfactoV Lendersubordinatir # eliento this <br />Securit�nstrumentf Lenderdeterminftatanypartof thePropertys subjecto a lienwhichcanattain <br />priorityoverthisSecurit�nstrument endermaygiveBorrowera not iceidentifyingheIien. Within 10 <br />daysof the dateon whichthatnoticeis given,Borrowershallsatisfythe lien or takeoneor moreof the <br />actions set forth above in this Section 4. <br />Lendemayrequird3orroweto payaone- timehargdor a realestatibaxverificatiorand /o reporting <br />service used by Lender in connection with this Loan. <br />5. Property Insurance. Borroweshalkeeptheimprovementmwexisting )r hereafterfrectednthe <br />P rope rtynsuredagainstossby fire, hazardincludedvithintheterm "extendedoverage;llndanyother <br />hazardsncludingput not limitedto, earthquakeandfloods,for which LenderrequiresnsuranceThis <br />insurancehallbe maintaineiih the amount $includingJeductibltevels)andfor theperioddhatLender <br />requiresWhatLenderequirepursuartb theprecedingentencemnchangduringthetermof theLoan. <br />The insurancearrierprovidingthe insurancshallbe choserby Borrowersubjecto Lender'srightto <br />disapprovrf3orrower 'schoice,which right shall not be exercisedrnreasonabl*..endermay require <br />Borrowedo pay,in connectiowith this Loan,either(a) a one- tim (chargdor floodzonedetermination, <br />certificatiorandtracking3ervicesar (b) a one- time;hargdor flood zonedeterminatioarndcertification <br />serviceandsubsequeafiargesaachtimeremappinger similarchangeaccurwhichreasonablrppight <br />affectsuchdeterminatiomr certificatiorl3orrowershallalsobe responsibli®r the paymenbf anyfees <br />imposedby the FederaEmergency1anagemev tgencyin connectiowith the reviewof anyflood zone <br />determination resulting from an objection by Borrower. <br />If Borrowerfailsto maintairanyof the coveragedescribedboveLendermayobtaininsurance <br />coverageat Lender'soptionand Borrower'sexpenseLenderis underno obligatiorto purchasany <br />particulatypeor amounbf cove rageT. herefore$ uchcoveragehalboverLenderoutmightor mightnot <br />protecBorrower�3orrower 'sDquityin thePropert)grthecontentef thePropertyagainsinyrisk,hazard <br />or liability and might provide greateror lessercoveragdhan was previouslyin effect. Borrower <br />acknowledgdlaat the costof the insuranceoverageo obtainecnightsignificantl )exceedhe costof <br />insurancthatBorrowercouldhaveobtainedAny amountslisbursedy LenderunderthisSectior5 shall <br />becomadditionadebtof BorrowesecurebythisSecurittnstrumentf .hesERmountshal bead nteres &t <br />theNoteratefromthedateof disbursemearhdshalbepayablevithsuchnterestaponnoticdromLender <br />to Borrower requesting payment. <br />All insurancpoliciesrequirecby Lende rand renewalof suchpoliciesshallbe subjecto Lender's <br />right to disapproveuchpolicies�shall includea standardnortgage ; lauseand shall nameLenderas <br />mortgageand/ orasanadditionalbsspayeeLendershallhavetherightto holdthepoliciesandrenewal <br />certificatett Lenderrequiresi3orrowershallpromptlygiveto Lenderall receiptsff paidpremiumrand <br />renewahoticesl.f Borrowerobtainsanyformof insuranceoverag elototherwiseequiredby Lenderfor <br />damag(ko, or destructioof, the Propertysuchpolicyshallincludea standardiortgagelausmndshall <br />name Lender as mortgagee and /or as an additional loss payee. <br />In theevenbf loss j3orrowe6hallgivepromphoticdotheinsurancearrieandLenderLendemay <br />makeproofof lossif not madepromptlyby BorrowerUnlesst_ enderandBorrowerotherwisGagreein <br />writing ,anyinsurancproceedsyhether)r not the underlyingnsurancwasrequiredby Lendershallbe <br />appliedto restoratioor repairof the Propertyif the restoratioar repairis economicallfeasibleand <br />Lender'soecuritys not lessenedDuringsuchrepairandrestoratioperiod Lendershallhavethe rig htto <br />hold suchinsurancproceedentilLenderhashadanopportunitlo inspect;uchPropertlo ensurdhe <br />Initials: <br />(M -6(NE) (0005) Page 6of 15 Form 3028 1/01 <br />