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AUG -09 -2003 SAT 10:31 AM WELLS FARGO HOME MTG FAX NO. 4025362983 200310876 Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees, n writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, but only s) long as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement 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 (c) 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, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that notice is given, Borrower shall satisfy the lien or take one or more of the actions se t 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 uses by Lender in connection with this Loan. 5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards includi tg, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. Wh;1t Lender 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 not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one -time charge for flood zone determination, certifi cation and tracking services; or (b) a one -time charge for flood zone determination and certification sen ices and subsequent charges each time remappings or similar changes occur which reasonably might aflect such determination or certification. Borrower shall also be responsible for the payment of any feel imposed by the Federal Emergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fa# s to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under no obligation to purchase any particular type or arr ount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of the Property, against any risk, hazard or liability ar d might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that tt a cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borroi ier could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate fron the date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower i equesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove Juch policies, shall include a standard mortgage clause, 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 Lende - requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If k orrower obtains any form 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 name Lender as mortgagee and /or as an additional loss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of 1 )ss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insur trice proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoral ion or repair of the Property, if the restoration or repair is economically feasible and Lender's security is I tot lessened. During such repair and restoration period, Lender shall have the right to hold such insurance proceeds until Lender has had stn opportunity to inspect such Property to ensure the ( -SINE) 10005) Page B of 15 n� Form 3028 1101 J� P. 16