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200601775 Borrower shall prOlnptly dischargc any lien which has priority over this Sccurity InstrUlTlent unless Borrowcr: (a) agrees in writing to thc payment of the ohligation secured hy the I ien in a rnanner acceptable to Lcndcr. hut only so long as Borrower is pcrj-()rming such agreement (h) contests thc lien in good t~lith hy, or defends against cnforcement of the lien in. legal proceedings which in Lender's opinion operate to prevent thc enf()rcement of the lien \vhilc those proceedings an;: pending, but only until such proceedings arc concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender suhordinating the lien to this Security Instrument. If Lender determincs that any part of the Propcrty is subject to a lien which can attain priority over this Security Instrument, Lender may give Borrowcr a notice idcntifying 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 set forth ahove in this Section 4. Lender may require Borrower to pay a (me-time charge for a real estate tax verifiultion and/or reporting service used hy Lender in connection with this Loan. S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erectcd on the Property insured against loss by fire, hazards included within the term "extended coverage," and any other hazards including, hut not limited to. earthquakes and t1oods, for which Lender requires insurance. This insurance shall be maintained in the anlOunts (including deductible levels) and for the periods that Lender requires. What 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, certification and tracking services; or (b) a (me-time charge for flood zone determination and certification services and suhsequent charges each time remappings or similar changes occur which reasonahly might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed hy the Federal ElTlergency Management Agency in connection with the review of any Hood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages descrihed above, Lender may obtain insurance coverage, at Lender's option and Borrower's expcnse. Lender is under no ohligation to purchase any particular type or amount of coverage. Thercf()re. such coverage shall cover Lender, hut might or might not protect Borrower. Borrower's equity in the Property. or the contents of the Property, against an)' risk:. hazard or liahility and might provide greater or lesser coverage than was previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section:' shalt become additional debt of Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate ti"om the date of disbursement and shall be payahle, with such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required hy 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 as mortgagee and! or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. I f Lender requires. Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any 10rm of insurance coverage, not otherwise required by Lender. lor damage to, or destruction of. the Property, such policy sball include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss, Borrower shalt give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly hy Borrower. Unless Lender and Borrower otherwise agree in writing. any insurance proceeds. whether or not the underlying insurance was required by Lender. shall be applied to restoration or repair of tbe Property, if the restoration or repair is economically feasihle and Lender's security is no! lessencd. 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 .-6(NE) (0407).01 @ P'1:Je 6 of 1 5 InitialS:G;$.p 0110247550 (/. 8.)1". Fonn 3028 1/01