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200703313 Borrower shall promptly discharge any lien which 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 acceptable to 'Lender, but only so long a& Borrower is performing &uch a~rooment: (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal proceedings which in Len()er's opinion operate to prevent the enforcement of the lien while those proceedings are pending. but only until such proceedings are concluded; or (c) seclU'f'S from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument- If Lender detennincs that any part of the Property is subject to a lien which can att.1in priority over this Security Inst.l.'lunent, 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 al:love in this Section 4. Lender may require Borrowtlr to pay a one-time charge for a real estate tax verification mid/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 inslU'f'd against loss by fire, hazards included within the term "exteItded coverage," and any other hazards including, but not limit~ to, earthquakes and flO(lds, for which Lender requires inmrance. This inSlU'ance 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 the term of the Loan. The ~urance carrier providing the insurance shall be chosen by :a~m'ower mbject to Lender's rigbt to disapprove Borrower's choice, which right shall not be exercised unreasonal:lly. Lender may require Borrower to pay, in connection with this Loan. either: (a) a one-~imc charge for flood ...one determination, certification and tracking services; or (b) a one-time charge for flood ZOne determination and certification services and subsequent charges each time retnappings or similar changes occur which ~o"ahly might affect such derennination or certiti.cation. Borrower shall also be respom1Jihle for the payment of any fees imposed by the Federal Emergen~ Management Agency in col1tlection with the revit.'w of any flood ron!;! d!;!tennination remlting from an objection by Borrower. If Borrower falls to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option ane]. 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 Propeny, 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 acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insuranw that Borrower could have obtained. Any amounts disbursed by Lender under this SectioD 5 shall become additiona,l clebt of Borrower securt!d by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest. upon notice from Lender to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies sball be subject to Lender's right to disapprove such -policies, shall include a standard mortgage clause, and shall name Lender as mongagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requirc~, Borrower sball promptly give to Lender all receipts of paid premiums and renewal notices. If Sorrower obtains any form of insuranCtl coverage. not otherwise required by Lender, for damage to, or destruction of, the Property I such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional loss pay~. In the event of loss, Borrower ~ha1l give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless l.I;.'llder 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 Properly, if the restoration or repl1ir is economically feasible and Lender's :security is not lessened. During such repair ancl restoration period, Lendl;.'r shall have the right to hold sllch insurance proceeds until Lender has bad an opportunity to inspect sllch Property to ensure the Inill;ll~~ ~-I!illllE) 100051 PaOB 6 011 ~ Flinn :J02B 1101