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200700328 Borrow~r shall promptly discharge any lien which has priority ovcr this Security Instrument unkss Borrower: (a) agrees in writing to th~ payment of the obligation secured by the lien in a manner acceptablc to Lender, but only so long as Borrower is performing such agreement; (h) contests the lien in good faith by, or defends against enforeement of the lien in, kgal proceedings which in Lender's opinion operate to prevent the enforcement 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 agreement satisfactory to Lender subordinating the 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 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 above in this Section 4. Lender may require Borrower to pay a one-time charge for a real estak 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 the term "extended coverage," and any other hazards including, but not limited to, earthquakes and floods, 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 s~ntenccs can change during the term of the Loan. Th~ insurance carri~r providing the insurance shall be chos~n by Borrower subject to L~nder's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. L~nder may require Borrower to pay, in connection with this Loan, eith~r: (a) a one-tim~ charge for flood zone determination, c~rtification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subs~quent charges each time remappings or similar changes occur which reasonably might affect such determination or certification. Borrower shall also be responsibk for the payment of any fees imposed by the Federal Emergency Management Agency in connection with the r~view of any flood zone determination resulting from an obj~ction by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance cov~rage, at Lender's option and Borrow~r's expense. Lender is under no obligation to purchase any particular type or amount of coverage. Therefore, such cov~rage shall cover Lend~r, 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 than was previously in effect. Borrower aeknowkdges that the cost of the insurance cov~rage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender und~r this Section 5 shall become additional debt of Borrower secured by this S~curity Instrument. Th~s~ amounts shall bear interest at the Note rat~ from th~ dat~ of disbursement and shall be payabk, with such inkr~st, upon notice from I.ender to Borrower requ~sting payment. All insurance policies required by Lender and r~newals of such policies shall be subject to Lender's right to disapprove such policies, shall includ~ a standard mortgage clause, and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall hav~ the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly giv~ to Lender all rec~ipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damag~ to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name I.ender as mortgagee and/Or as an additional loss payee. In the event of loss, BOrrower shall give prompt notice to the insurance carrier and I.ender. Lender may make proof of loss if not made promptly by 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 the Prop~rty, if the restoration or repair is economically feasibk and Lender's security is not lessened. During such repair and restoration period, Lender shall have th~ right to hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the work has be~n completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly. Initials 1) ~ G.. .h _ .6A(NE) (0407)01 I!> DDS-NET Page 60115 Form 3028 1/01