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200207441 Borrower shall promptly discharge sally lien which has priority over this Security Insrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lieu in a manner acceptable to Lerida, but only so long is Borroavcr is Performing such agrocmcmq (b) Gunn N' the lien In good faits by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcemcnl of the lien while Lillian proceedings are pending, but only until suds proceedings are concluded; or (u) 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 Ilea which can attain priority over this Security Instrument, Lender may give Burrower a notice identifying the lieu. Within 10 days of the date on which that notice is given. Borrower shall satisfy rite 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 Lonn. S. Property Insurance. Borrower shall keep the improvements now existing or hcrcalmr erected on the Property insured against doss by lire„ hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes mid floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and Inn the periods than Icider requires. What Lender requires pursuant to the prateding sentences can change during the tend 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 be exercised unreasonably. Lender may require Borrower in pay, in connection with this Loan, either: (a) a one -time charge far flood zone determination, c,,olication and tracking services; or (b) a one time charge for flood zone doinnir anon and cenlfication scrvicus and subsequent charges welt time remappings or simlar changes occur which reasonably alight affect such determination or cenlfication. Borrower shall also he rcapunsible for the payment of any fees imposed by the Federal Wnergeucy Management Agency in connection with the review of any Bond zone determination resulting from an objection by Burrower. If Borrower fails to maintain any of the coverages described above, Lcuder may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any Particular type or anlount of average. Therefore, Stich coverage shall cover Lender, hot might or might not protect Borrower, Borrower's equity in the Property. or the comm.. ts of the Property, against any risk, bazald or liability and might provide greater or lesser coverage than was previously in effect. Burrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed tie cost of insurance that Borrower could have obtaineil. Any amounts disbungri by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument, Thcsc amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lcuder 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 clatec, and shall name Lender as mortgagee and /or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates_ if Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fomh of insurance coverage, not otherwise required by Lender, for damage to, or destmcnon of, die Property, such policy shall include a standard mortgage clause and shall name Lender is mortgagee and /or ac an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender, Lnder may tmtke proof of loss if not made promptly by Borrower_ Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying insurance was rcquile I by Lender, shall be applied to reshnatlon of repair of the Property, it the restoration err repair is economically feasible and Litter's security is not icssened. 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 ®. 61NE) mes, a..n,. a on s Form 3026 1101 01 'd 9££Z 929 ZOli 'ON Rid 51W HWOH OOdH STJSM Wd 6I:Zl I8d dM- ZI -Oflf