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200602706 Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrowcr: (a) agrees in writing to the payment of the obligation secured by the lien in a Inanner acccptable to Lendcr, but only so long as Borrower is performing such agreelTlent; (b) contests the lien in good faith by, or defends against enfl)rcement of the lien in, legal proceedings which in Lender's opinion operate to prcvcnt thc cnfillTement 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 agreenlent satist~lctory to Lender subordinating the Iicn to this Security Instrumcnt. If Lcnder dctcnnines that any part of the Propcrty is subjcct to a lien which can attain priority over this Sceurity Instrumcnt, Lender may give Borrowcr a notice idcntifying thc lien. Within 10 days of the date on which that notice is givcn, Borrowcr shall satisfy the lien or take one or l1Iorc of the actions sct forth above in this Section 4. Lcnder may require Borrower to pay a one-tilne charge for a real estate tax verification and/or reporting service used 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 thc tcnn "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintaincd in the alT10unts (including deductible levels) and fiw 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 tl)r flood mne determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certilication. Borrower shall also be responsible for the paynlent of any fees imposed by the rederal Enlergeney Management Agency in connection with the rcvicw of any flood mne determination resulting from an objection by Borrower. I I' Borrower j~lils to maintain any of the coverages describcd above, Lender may obtain insurance coveragc, at Lender's option and Borrower's expense, Lender is under no obligation to purchase any particular type or amount of coverage. Therelilre, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Property, or the contents of tbe Property, against any risk, hazard or liability and tnight provide greater or lesser coverage than was previously in eUect. Borrower acknowledges that the cost of the insllranee coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amollnts disbursed by Lender undcr this Section 5 shall become additional deht of Borrower secured by this Security Instrument. Thcse amounts shall bear intcrcst at the Note rate from the dalc of disbursement and shall be payable, \vith such intcrest, upon notice from Lender to Borrower rcquesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lcnder's right to disapprove such policies, shall include a standard mortgage c1ausc, and shall name Lender as mortgagee and/or as an additional loss payee. L"cndcr shall have the right to hold the policies and renewal certiticates. I f' Lender requires, Borrower shall promptly givc to Lender all rcceipts of paid premiums and renewal notices. If Borrowcr obtains any form of insurance coverage, not otherwise required by Lender, for datllage to, or destruction of, the Propcrty, such policy shall include a standard mortgage clausc and shall nallle Lender as mortgagee and/or as an additional loss payec. In thc cvcnl of loss, Borrowcr shall give prompt noticc to the insurancc carrier and Lendcr. Lendcr Illay Inake proof of loss if nollnade promptly by Borrower. Unless Lender and Borrower othcrwise agree in writing, any insurance proceeds, whethcr or not the underlying insurance was required by Lender, shall be applied to rcstoration or rcpair of the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. 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 Propcrty to ensure the Initi81s.: tIJ l)~ '0 0110247846 G-6(NE) (0407).01 <t) PCYJP. H of 15 Fonn 3028 1/01