Laserfiche WebLink
200205897 <br />Borro,cr shall pruniptly discharge any lien which has Pt'On LY over this Security Instrument nn165 <br />ROrrowce (a) agrees in writing 10 the Per fo the g such eemrad by lcontesttslthe lien in good acceptable <br />to Lender, but only sa long as Borrower is performing such agreement; ( ) <br />by, or de fead, agsinsl entbrceutcnt of the lien in. Icgal proceedings which in Lender's opinion operate to <br />prevunt the ,,forcetnent of the lien while those Pro <c:eding5 are punding_ but only rail such pntuethngs <br />arc concluded: of (W secures from the holder of the lien an agrccmenl sau,JCtory TO Lendcr subordinating <br />the lien to this Security Instrument. If Lender determines that any part of the Property i3 subyvt to alien <br />Which can attain prior' Y over [hie Seeurily InSITnnlen[, Lender may €ice Borrower a notice idcnulying the <br />lien. Within 10 day's of the date nn which that notice is given, Burrower shall satisfy the lien or take ate or <br />more of the actions ILI forth above in this S,,icnt 4. <br />Lender may require Borrower to pay a one -time charge for a real estate tax veri Fica[ion %u d /or <br />reporting scrvt c used by Lender in connection with this LOan. <br />5. Property Insurance. Bortower shall kecP the hop evemena now exisung or hereafter erCLIC6 on <br />dtc Property irovred aeains[ loss by lire, hazards included within the tern, "extended eover'age," and mry <br />other hazards including, but ool limited to. carthqual<es and floods. for which Lenderfortl the periods III;'( <br />rhis insurance shall be nairlaued in The anttounts (including deductible levels) <br />Lander tcquires. What [,ender trquims pursues t to the preceding sentences cant change during (be cull of <br />the Loam. The i. What <br />carrier providing the insurance shall be chosen by Borrower subject to Lender's <br />Fight to disapprove Borrower's choice, which n ^ht shall not <br />be exemiscd unrrason ably _ Corder m %�Y <br />require Borrower w pay, in connection with this Loan, oil c�r: (a) a olle'tmte charge fol flood mile <br />dcmrminatlon, certification and backing services; or (b) a one -time nbaror for hard zone occur which <br />artd certification services and subscqucut charges each time ISmuppings or similar changes Deco[ which <br />reasonably mi €lit affect such determination or ecri6cation. Borrower shall also be resPODsIble for the <br />payment of any fees imposed by the Federal Bmeteenry Idanagemrnt Agency m conned ion with the <br />review of any flood zone determination resulting from an objection by Borrows obtsln insu ranee <br />11 Borrower fails to maintain III of the mveragcs described above, L rider May <br />covaragq at la:ndcrs option and Dottowcr's expense. Leader is under no obllfaliar to purchase mry <br />particular type or amount of coverage. 't:hemiore, such covera;.c shall cover Leader, but might or might <br />not protect Borrower, BOr[OWe[ s equity in the Property, or lire conker s of the Property, against any risk'. <br />hazard or liability and might provide greater or lesser coversge than was pree'iously in effect- Borrower <br />mly exceed the cos[ of <br />acknowledges that ri f te cost o The insurance aweragc so obtained might signiCca <br />insurance dual Borrower could have obtained. Any amounts disbufled by Ruder under this Section J shall <br />become additional deb[ of Borrower secured by this Security lm9runlen[. These amounts tiers„ bear interest fom <br />let the Note fate from the date of disbursement and Shull be pa}'able, with such Farerese, p <br />Lender to Borrower requesting Payment. <br />All insurance Policies reilulred by Lender and renewals of such policies shall be subject [o Lende[ s <br />right to disapprove such polities, shall include a standard mortgage chmse, and shall n:une Lvndur ns <br />mortgagee and/or as u additional loss payee. Lender shall hm'e the right to hold the god icle5 and renewal <br />certificates. If Lendcr requires, Borrower Shall promptly give to Lender all receipts of paid premiums and <br />renewal notices. If Burrower obtains any form of Insurance covcrsge, not olltet'w15e required by I,cuder, <br />for damage 10, or dcstrucdon of. the Propu[y, such policy Shall include a sbmdard mortgage clause and <br />shall name Lender as mortgagee nndlor m an additional loss payee. <br />In [he event of loss, Borrower shall giae prompt notice to the in.1dacc carrier and Lcudcr. Lender <br />may make proof of loss if not trade promptly by Borrower. Unless Lender and BON..Lr othcnvi5c agree <br />in wriilug, art)' insurance proceeds, whether or not the underlying insurance was required by Lender[, shall <br />Uc applied m restoration 0r repair of the Property, if the r,sLorauon or repay is er:ouomieady feasible trod <br />Lender's security is not lessened. During Such repair a resrttratlon period. 1 -ender shell have the right e <br />hold Such insurance proceeds until Icnder has had inn oppurntnity to in6pcet such Property m cn9urc the <br />1.60115 .nioT — Poem 3028 1101 <br />601NEI iaoa=i <br />9 <br />rid /Ol 'd £8£d9E9EN 'ON VE DLA NDH OEPd S773M 0 Z£ :Il IIU ZOOd —IE4 <br />