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<br />200603823
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<br />Borrower shall promptly discharge allY lien which ILlS pri()rity over this Security Instrument unless
<br />Borrower: (a) agrcl:s in writing to the paYl11l:llt of the oblj~':I! ion sl:cuITd by the lien in ,I manner acceptable
<br />to Lender, but only so long as Borrower is performing such agrcement; (b) contests the lien in good faith
<br />by, or defends against l:llforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the enforcement of the lien while thosc proceedings :Irc pending, but only until such proceedings
<br />are concluded; or (e) secures from the holder of the lien an agt'eement satisfactory to Lender subordinating
<br />the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien
<br />which can attain priority OVl:r this Security Instrument, Lender lllay give Borrower a notice identifying the
<br />lien. Within 10 days of !hl: dall: on which that notice is given, Borrower shall satisfy thc lien or take one or
<br />more of the auions set forth above in this Section 4.
<br />Lender may requ i re Harrower to pay a one-time charge for a real estate tax verification and/or
<br />reporting service used by r k'nder in connection with this Loan.
<br />5. Property Insunll1Cc. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured ag,linst loss by firl:, ll(lI.ards included within the term "extendl:d coverage," and any
<br />other hazards including, but not limited to, l:arthquakes alld no()ds, for which Lender rcquircs insurance.
<br />This insurance shal I be Inaintained in the amounts (including deductible levels) and for the periods that
<br />Lender requires. Wh,lt Ll:llder requires pursuant to the preceding scntences can change during the term of
<br />the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's
<br />right to disapprove Horrower's choice, which right shall not be exercised unreasonably. Lender may
<br />require Borrower lO pay, in connection with this Loan, either: (a) a one-time charge for 1100d zone
<br />determination, certification and tracking snvices: or (b) ,) one-time charge for 110ml /,One determination
<br />and certification services and subsequent charges each tinll' relllappings or similar changes occur which
<br />reasonably might :illect such determination or certificati(~il norrower shall also be responsible for the
<br />payment of ,lilY fees imposed by the Federal Emergency Management Agency in connection with the
<br />review of any nood ZOIlC dctermination resulting from an objection by Borrower.
<br />If Borrower fails to m:lintain any of the coverages described above, Lender may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. LCI:der is under no obligation to purchase any
<br />particular typc or ,llllOLlllt of coverage. Thereforc, such co Vl'ragc: shall cover Lender, but might or might
<br />not protect Borrower. Borrower's equity in the Property, or ihe contents of the Property, against any risk,
<br />hazard or liability and rnight provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />insurance thai norrower could have obtained. Any arnounts disbursed by Lender under this Section 5 shall
<br />become additional debt of Borrower sccurcd by this Security Instrument. These amounts shall bear interest
<br />at the Notc ralc from till' date of disbursement and shall bc payable, with such interest, upon notice from
<br />Lcnder to Borrower rc:qul:sting paymcnt.
<br />All insur:mcc: policies required by Lender and renew,i1s of such policies shall be subject to Lender's
<br />right to disapprove such pol icies, shall include a standard mortgage clause, and shal I name Lender as
<br />mortgagee andlor ,IS an ;ldditionalloss payee. Lender shall h:.lve the right to hold the policies and renewal
<br />certificates. If Lender requires, norrower shall promptly give to Lender all receipts of paid premiums and
<br />renewal notices. I f Borrower cllnains any form of insurance cO\LTage, not otherwise required by LcndLT,
<br />for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
<br />shall name Lendcr as lllortgagee andlor as an additional loss p:.lyee.
<br />In the event of loss, Borrower sherll give prompt notice to the insurance carrier and Lender. Lender
<br />may makc proof of loss if not made promplly by Borrower. lJnless Lender and Borrower otherwise agree
<br />in writing, allY insur;lllc(' proceeds, whether or not the underlying insurance was required by Lender, shall
<br />bc applied to restor;II:(ln (lr repair 01" the Property, il" the res!(lration or repair is economically feasible and
<br />Lcndcr's security i:, not lessened. During such repair and reslOr,1Iion period, Lcndcr shall have the right to
<br />hold such insuranu' proceeds until Lendn has had an opportunity to inspect such Property to ensure the
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<br />I-laqe 6 of 1 b
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<br />InI1ia~U
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<br />0110252081
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<br />..6(NE) 10.1071.01
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<br />Form 3028 1/01
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