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<br />200703032
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<br />~ I. 8250190803
<br />4. CNrgea; u.ns.. Borrowef shal pay all taMs, a5$GSSments, charges, fines, and impositiom attributable to the
<br />Property which can attain priority OWl" thB Security Instrument, _asehoId paymeotl:l or ground rents on the Property,
<br />if.any, and Community Association Dun, Fees. and Assessments, ifany. Totheexlentthatthese Items are Escrow Items,
<br />Borrower shaD pay them in the manner PfOVided in Sootion 3.
<br />BolTower shall promplly discharge any lien which has priority over this Secur1ly Instrument unless Borrower; (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptab_ to Lender, but only so long
<br />as Borrower B perfonnlng such agreement; (b) contests the lien in good faith by. or defends against enforcement of the
<br />lien in, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those
<br />proceedings are pending, but only until such proceedings are concluded; or (0) secures from the holder of Ifle lien an
<br />agreement satisfactOf)' to Lender subordinating the lien to this Security Instrument. if Lender determines that any part
<br />of the Property is subject to a lien which can atlMJ priority over this Security Instrument, Lender may give Borrower a
<br />notice idenlllYing the lien. Within 10 days orthe date on which that noUee Is given, Borrower Shall saUsfy the l/en or take
<br />one or more of the actions set forth abow in this Section 4.
<br />Lender may require Bo~ to pay a one-time charge fQr a real estate taxverificalion and/or reporting service used
<br />by lender In connection with this loan.
<br />5. Property I.,...nce. Borrower shal keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards ineluded within the teI'm "extended covemge,. and any other hazards including,
<br />but not limilecl to, earthquakes and floods, forwhlch Lender requires insurance. This insurance shaH be maintained in
<br />the amounts (including deductlble levels) and 101' the periods that Lender requires. What Lender requires pursuant to
<br />the preceding sentences can change duriog the tenn of the Loan. The insurance callier providing the insurance shall
<br />be chosen by Borrower subject to I..ender's right to disapprove Borrower's chOice, Which light shall not be exercised
<br />unreasonably. Lender may require Borrower 10 pay, in connection with this Loan, either: (a) a one.time charge for flood
<br />zone determination, certification and tracking services; or (b) a one-time charge for flood zone determination and
<br />certification services and subsequent charges each time remappings or similar changes occurwhich reasonably might
<br />aIIecl such detenninalion or certification. Borrower shaD also be responsible for the payment of any fees imposed by
<br />the Federal Emergency Management Agency in connection with the review or any 1Iood zone determination resulting
<br />from an objection by Borrower.
<br />if Borrower fails to maintain any of the coverages dl'!$cribed above, Lender may obtain insurance coverage, at
<br />l.Mnder's option and Borrower's expense. L.ender is Under no obligation to purchue any particular type or amount of
<br />coverage. Therefore, such coverage shaH oover Lender, but might or might not protect Borrower, Borrower's equity in
<br />the Property, or the contents of the Property, against any risk. hazard or liability and might provide greater or lesaer
<br />cowrage than was previously in effect Borrower acknowledges that the cost of the insurance coverage so obtained
<br />might signilicanUy exceed the cost of insurance thal8oJTower could have obtained. Any amounts disbursed by Lender
<br />under this Section 5 shaH become additional debt of Borrower secured by this Soourity Instrument These amounts shall
<br />bear interest at the Note rate from the date of disbursement and shaH be payab_, with such interest, upon notice from
<br />Lender to Borrower requesting payment
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to
<br />disapprove such policies, shaD include a standard mortgage clause, and shaD name Lender as mortgagee and/or as
<br />an additional loss pay". Lender shaD have the right to hold the policies and renewal certificates. if lender requires,
<br />Borrower shall promptly give to Lender aD receipts of paid premiums and renewal notices. If Borrower obtains any form
<br />of insurance coverage, not otherwise requhcl by Lender, tordamage to, ordestruction of, the Property, such policy shaH
<br />include a standard mortgage clause and shaH name Lender as mortgagee and/or as an additional loss payee.
<br />In the event of 10$$, Borrower shal give prompt notice to the Insurance carrler and Lender. Lender may make proof
<br />of loss if not made promplly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance
<br />proceeds, whether or not the undertytJg ~rance was required by Lender, shaD be applied to restoration or repair of
<br />the Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair
<br />and restoration period, Lender shall haw the right to hold such Insurance proceeds until Lender has had an opportunity
<br />to inspect such Property to ensure the WOfk has been completed to Lender's satisfaction, provided that such inspection
<br />shall be undertaken prompUy. Lender may disburse proceeds1or the repairs and restoration in a single payment or in
<br />a series or progress payments as the work Is oompleted. Unless an agreement is made In wrlUng or Applicable Law
<br />requires interest to be paid on such Insurance proceeds, Lender shall not be required to pay Borrower any interest or
<br />earnings on such proceeds. Fees fQr public adjusters, or other third parties, retained by Borrower shall not be paid out
<br />of the insurance proceeds and shall be the solo obligation of Borroww. if the restoration or repair is not economically
<br />feasible or Lender's security would be lessened, the insurance pl"OClll:!ds shall be applied to the sums secured by this
<br />Security Instrument. whether or not then due, with the excess, If any, paid to Borrower. Such insurance proceeds shall
<br />be applied in the order provided for in Section 2.
<br />If BorrOW'er abandons the Property, Lender may tHe, negotiate and settle any available insurance claim and related
<br />matters. if Borrower does not respond within 30 days to a notice from 12nder that the insurance carrier has offered to
<br />settle a claim, then Lender may negotiate and settle the claim. The 3o-day period will begin when the notice is given.
<br />In either ewnt, or if lMlder acquif,a$ the Property under Section 22 or olhetWise, Borrower he~y assigns to LMdllor
<br />(a) Borrower's rights to any insurance proceeds in an amount not to eJO::eed the amounts unpaid under the Note or this
<br />Security Instrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums
<br />paid by 6orrower) un<ler all insurll/'lce poIicie$ cowling the Property, insofar as suc;:h rights are applic;:ab~ to th9
<br />coverage of the Property. Lender may use the insurance proceeds either to repair or restore the Property or to pay
<br />amounts unpaid under the Note or this Security Instrument, whether or not then due,
<br />6. Occupancy. Borrower shall occupy, ll$tablish, and use the Property as Borrower's principal residence within
<br />60 days after the exoouUon oftl1is Security Instrument and shall continue to occupy the Property as Borrower's principal
<br />residence for at least one year after the date of occupancy, unless Lender otheJWise agrees in writing, which consent
<br />shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control.
<br />7, P.....rvatlon. 1IaIntenMc:. and ProtectIon of the Property; InspecUons. Borrower shall not destroy,
<br />damage or impair the Property. allow the Property to deteriorate or commit waste on the Property. Whether or not
<br />Borrower is residing in the Property, Borrower shall maintain the Property In order to pl'9Yef1t the from
<br />deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 ir or
<br />restoration is not economically feasible, Borrower shall promptly repair the Property if damaged to a er
<br />Initoial.. "
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<br />IiEBRAlIKA-8Ingle FamI/y-FaIuI.................... UNlFORMINSTROMENT 1'01III_ t/Ol
<br />.. '999-2004 0nIne l)ocur.-Ql, Inc. p. 4 of 9
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