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200207114 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 so long as Borrower is performing such agreement: (b) contexts the lien in good faith by, or defends against adomenrent of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings are concluded; or (q secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can attain priority over this Security Instrument, Leader army give Borrower a notice identifying the lien_ Within 10 days of the date on which that notice 1s given, Borrower shall satisfy the lien or take one or more of the actions set 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 used by Lender in connection with this Lout. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Progeny Insured against loss by fire, hazards imWuded within the tetra "extanded coverage, and any other huxerds including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintainedl in the amounts (including deductible levels) and for the perials that Lender requires. What Leader 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 net be exercised un onably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -aine charge for flood zone detmauution, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time ren appings n similar changes occur which reasonably aught affect such determination or certification. Borrower shall also he responsible for the payment of any lees imposed by the Federal Emergency Management Agency in mhmection with the revive of any Flood zone determination resulting from m objection by Borrower. It Borrower fails to maintain any of the coverages described above, Tender may obtain insurance coverage, at Leader's option and Borrower's expense. fender is under no obligation to purchase any particular type or amount of coverage. Therefore, each coverage shell cover Leaden but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, Lazard or liability and aught provide greater or lesser coverage than was pravicausly in effect Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the coat of insurance that Borrower could have obtained. Any ammlas disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest on the Note rite from the date of disbursement and shall be payable, with such Interest, upon notice from leader to Borrower requesting p iynneut. 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 ea mortgagee and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal cerrificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any torrn 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 piano Lender as moreagec and /or as an additional lass Payne In the event of lose, Borrower shell give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if nor made promptly by Borrower. Unless Lcndcr and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration of repair of the Property, if the reshot or repair Is economically feasible and Lender's sectuds is not lessened. During such repair and restoration period, Icndcr shall have the right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to m acre the ®6GINEI mm, amaw is ism , Form3025 1/01