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200207076
<br />5, Properly Insurance. Borrower shall keep the inhperncanenls now existing or hereafter eveled on
<br />flip Property insured against loss by fire, hamnb included within the term "extended wveerge," and any other
<br />hazards including, but not limited to, earthquakes and floods, for which Lender requires in . This
<br />insurance c shall he rountelned in the amounts (including deductible levels) and for the finials there Lender
<br />acquires _ What Lender requires pursuant to the preeedfng sentences can change during the teen of the Loan.
<br />The insurance carrier pmhJing the insurance shall be chosen by Borrower subject to Leaders right to
<br />disapprove Borrowers ehotea, which right shall not be exercised unreasonably. Lender may require Borrower
<br />in pay, in m merino with this Loup, either, (a) a nrthre charge for flood zone determination, certification
<br />and tracking sc or Lp a One -time charge for flood zone determination and certification .sr, and
<br />-n1ws; vices r
<br />subsequent charges each time renmppings or Similar changes cited which removably might about such
<br />determination or certification. Borrower shall also be responsible for the payment of any feca Imposed by the
<br />Federal F.nhnh,geney Management Aeency in connection with the 1oVIwV of any fiord Zone determination
<br />r eSUlting from an objwtion by Borrower.
<br />If Rollover fails to nnlmuln any of the coverages described above, Lender may obtain insurance
<br />rostrage, at Lenderr option and Bonower, expense. Lenders under no obligation to purchase any particular
<br />type nr hint of coverage. 'therefore, such coverage shall c er London, butnhight o might not perfect
<br />Borrower, Borowc2s equity In the Property, or One contents of the Property, against any risk, hazard or
<br />liability and might provide intater or lessor coverage than was previously in effect. Bohrmrer ucknowledy
<br />that the cost of the in -emge so obtained might significantly exceed the cost of insw'ance that
<br />Bom)"m could have obtained Am amounts disbursed by !.ender under this Section 5 shall become
<br />additional debr of ROnower seemed by this Security Insavment. 'these amounts shall bear interest at the scut
<br />rate from the date of disbursement and Shall be payable, with such inarert, upon notice from Lender to
<br />Borrower requesting palterer
<br />All insurance policies required by Lender and renewals of such policies shall be subjeetto Lenders
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall raper louden as
<br />nortgagec uhhd.'m as huh additional lose payee. Lender shall have the right m hold the polities and renewal
<br />certificates. If lender wires, Borower Shull promptly give to Lender all receipts of paid premiums and
<br />renewal notices_ If B dmover eclairs any form of insurance coverage, not otmrwisc required by I ender, for
<br />damage m, OF dcraction n[ the Progeny. such policy shall include a standard mortgase clause and Shall name
<br />Louder as mortgagee and /or as an additional loss liayce
<br />III the event of Ica.,, harasser shaft give prompt notice to the insurance artier and Lender Lcndm
<br />wrmake unit lose if not made pmmpdy by B n owes. thiless Leader and Borrower otherwise agree in
<br />iting, any it dunmc c proceed,, whether or not the underlying insurance was required by Leader, shall be
<br />applied to estimation or repair of the Property, if the restoration or repair Is economically foaarsti and Lenders
<br />security is not Icssened. During such repair and restrainer period, Lender shall have the right to hold such
<br />u _ ce proceeds Until Lender has had an opportunity to inspect such ProperTy m ensure the work has been
<br />vnplaM to lenders satrsfnaioq provided that such inspection shall be undertaken promptly. Lender may
<br />dubanse pmteccL for the repahn and restoration in a single p'vyment or in a series of PI gress payments as tlhc
<br />work is eomplesd_ I1nI,SS an agrcomem is made in whiting of Applicable Law requires protest to be paid on
<br />Stich Insurance pmeeeds, Leader shall not be required m pay Borrower any Interest or eantings on such
<br />percmdc r FLLS for puhllL adjusters, OF outer thin) parties, retained by Borowvr shall not be paid out of the
<br />insurance proceeds and shall he as Salo obligation of8orrowea Ifthc restoration or repair is not economically
<br />f asible oI Lenders smpdty would be 1ssenwi, the insurance fritters shall be applied to the sums stopped by
<br />this Security Instrument, whether or not than due, with tlhc excess, if any, paid to Borrower. Such insmanee
<br />proceeds shall be applied in the order provided fur in Section 2_
<br />tnaims IJ�
<br />- fitVF)ruvai
<br />pnaefi of I
<br />Form
<br />10 list
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