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200509173
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200509173
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Last modified
10/17/2011 12:57:58 PM
Creation date
10/28/2005 12:22:44 PM
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DEEDS
Inst Number
200509173
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2005091'73 <br />Borrower shall promptly discharge any lien whits at opriority red by the lien in armanner as eptableeto <br />Borrower: (a) agrees in writing to the payment of the obligation <br />operate to p <br />Lender, but only so long as Borrower is performi agreement; which in(Lendei•'sstop pion opn good faith reent <br />defends against enforcement of the lien in, legal proceedings but onl until such proceedings are concluded; <br />to Lender subordinating the lien to this <br />enforcement of the lien while those proceedings are pending, <br />or (c) secures from the holder of lien an agreemartt of the Property is subject to a lien which can attain <br />Security Instrument. If Lender determines that any p <br />priority over this Security Instrument, Lender may rove shall satisfy pheelien norf take onelor more hol the <br />p ty <br />days of the date on which that notice is given, Borrow <br />actions set forth above in this Section 4. <br />Lender may require Borrower to pay a one -time charge for a real estate tax verification and /or reporting <br />service used by Lender in connection with this Loan. <br />5. Property Insurance. Borrower shall keep the <br />deimprovement <br />within the o tterm °ext nd docoverage," and tany other <br />Property insured against loss by fire, hazards included <br />for the periods that Lender <br />hazards including, but not limited to, earthquakes includingfld deductible lehels)�ender requires insurance. <br />insurance shall be maintained in the amounts <br />requires. What Lender requires pursuant to the preceding sentences can sbjectttso Lender's h right to <br />q <br />The insurance carrier providing the insurance shall be chosen by <br />disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require <br />a a one -time charge for flood zone determination, <br />Borrower to pay, in connection with this Loan, either. ( ) <br />certification and tracking services; or (b) a one -time charge esimilaroochanges occutnwhichnrea reasonably might <br />services and subsequent charges each time remappin$ fees <br />affect such determination or certification. Borrower A shall <br />Agency nsoconnectionnwbh the review of of any flood zone <br />imposed by the Federal Emergency Management g Y <br />determination resulting from an objection by Borrower. <br />If Borrower fails to maintain any of <br />ei the coverages xense. Lenderb s� under eno obligation to tpurchaseaany <br />coverage, at Lender's option and Borrow p <br />articular type against an risk, hazard <br />p e or amount of coverage. Therefore, such the rage shs of cover Lender, the Property, t mighty r might no <br />protect Borrower, Borrower's equity eorrolesser coverage than was previously in effect. Borrower <br />or liability and might provide greater <br />acknowledges that the cost of the insurance ov amount d disbursed byt Lender r under this eSect on 5 shall <br />insurance that Borrower could have obtained y <br />become additional debt of Borrower secured by this Security Instr ument. These amounts shall bear interest at <br />the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from Lender <br />to Borrower requesting payment. policies shall be subject to Lender's <br />All insurance policies required by Lender and renewals of such <br />right to disapprove such policies, shall include nder shall haverthegrightato holddthe policies es and erenew 1 <br />mortgagee and /or as an additional loss payee. Lender, for <br />certificates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums an <br />renewal notices. If Borrower obtains any ford policy shall include aostandardimortgage ause and shall <br />damage to, or destruction of, the Property, a <br />name Lender as mortgagee and /or as an additional loss payee. rrier and Lender, <br />In the event of loss, Borrower shall give prompt rwer cUnle sthe <br />Lender and Borrower otherwise nagree in <br />make proof of loss if not made promptly by <br />writing, any insurance proceds, whether or not the f the restorations or repairs is economically feasible l and <br />applied to restoration or repair of the Property, eriod, Lender shall have the right to <br />Lender's security is not lessened. During such repair and i' oMuniionto inspect such Prperty to ensure the <br />hold such insurance proceeds until Lender has had an opportunity <br />Initials: �_ <br />S Form 3028 1101 <br />Page 6 of 15 l <br />- 6A(NE) (0407) <br />ID <br />
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