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200603224 Borrower shall promptly discharge any lien \vhich has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner ileeeptablc to Lender. but only so long as Borrower is ped()rming such agreement; (b) contests the lien in good faith by. or defends against enfi)fcement of the lien in. legal proceedings which in Lcndcr's opinion operate to pn.:vent the enfllrcement of the lien while those proceedings arc pending. but only until such proceedings are concluded; or (ei secures from the holder of the lien an agrcement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines 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 thc 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 above in this Section 4. Lendcr 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 Loan. 5. Propel-ty Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire. hazards includcd within the term "extended coverage." and any other hazards including, hut not limited to, earthquakes and floods. for which Lender requires insurance. This insurance shall be maintained in the amounts (including deduetib1c levcls) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can dJange 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 unrcasonably. Lcnder may require Borrowcr to pay. in conncction with this Loan. either: (a) a (me-time charge for flood zone ddcnnination, certification and tracking scrvices; or (b) a one-time chargc for flood zone determination and certification services and subsequent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Enlergency Management Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above. Lender may obtain insurance coverage. at I.ender's option and Borrower's expense. Lender is under no obi igation to purchase any particular type or amount of coverage. Therefore. such coverage shall cover LendeL but might or rnight not protect Borrower. Borrower's equity in thc Property, or the contents of the Property, against any risk. hazard or liability and might provide greater or lesser coverage than was previously ill effect. Borrower acknowledges that the cost of the insurance coveragc so obtained Inight significantly excccd the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Security Instrument. 'fhesc amounts shall bear interest at the Note rate frOlll the date of disbursement and shall be payable, \vith such interest. UpOll notice from Lender 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 clause. and shall name Lender as mortgagee and/or as an additional loss payce. Lender shall have the right to hold the policics and renewal certifIcates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and rl'l1ewal notices. If Borrower obtains any form of insuranr:e coverage, not otherwise rcquired by Lendcr. for damage to, or destruction of. the Propcrty. such policy shall include a standard mortgage clause and shall name Lendr:r as mortgagee and/or as an additional loss payee. I n the event or loss. Borrower sball give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not Inade promptly by Borrower. Unless Lender and Borrower otherwise agree in writing. any insurancc proceeds. whether or not the undcrlying insurance was required by Lcnder. shall be applied to restoration or repair of tbe Property, if the rcstoration 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 bad an opportunity to inspect such Property to ensure the Initials: :f-") 0110247970 O.6(NE) (0407).01 <~) FJ3;Je 6 of' '1~) Fonn 3028 1/01