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200610805 Borrower shall promptly discharge any lien which has priority over this Semrity Instrument unless Borrower: (a) agrees in writing to tlle payment of the obligation secured by the lien in a manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith hy, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of tlle lien while those proceedings are pending, but only until such proceedings are concluded; or (c) secures from the holder of tlle lien an agreement satisfactory to Lender subordinating tlle 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 tlle lien. Within 10 days of tlle date on which tllat notice is given, Borrower shall satisfy tlle lien or take one or more of tlle actions set forth above in tllis Section 4. Lender may require Borrower to pay a <me-time 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 tlle improvements now existing or hereafter erected all the Property insured against loss by tire, hazards included within the term "extended coverage," and any other hazards including, but not limited to, earthquakes and tloods, for which Lender requires insurance. This insurance shall be maintained in the amounts (including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding sentences can change during tlle tenn of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower suhject to Lender's right to disapprove Borrower's choice, which right shall not he exercised umeasonably. Lender may require Borrower to pay, in connection witll this Loan, eitller: (a) a one-time charge for flood zone 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 detenllination or certification. Borrower shall also be responsihle for the payment of any fees imposed hy tlle Federal Emergency Management Agency in connection witll tlle review of any flood zone determination resulting from an objection hy Borrower. If Borrower fails to maintain any of tlle coverages descrihed 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 amount 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 and might provide greater or lesser coverage tllan was previously in effect. Borrower acknowledges that tlle cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed hy Lender under this Section 5 shall hecome additional debt of Borrower secured by tllis Security Instrument. These amounts shall hear interest at tlle Note rate from the date of disbursement and shall be payable, Witll such interest, upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be suhject 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 certiticates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otllerwise required by Lender, for damage to, or destruction of, tlle 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 Lemler. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whetller or not the underlying insurance was required by Lender, shall he applied to restoration or repair of tlle Property, if tlle restoration or repair is economicall y feasihle and Lender's security is not lessened. During such repair and restoration period, Lender shall have tlle right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the _ -6(NEI (0005) @ Page 6 of 15 Initials: 7), r: (ii; Form 3028 1/01