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200707405 Lender may require Borrower to pay a (lIle-time charge for a real estate tax verification and/or repOliing servicc used by Lcnder in connection with this Loan. 5. Property Insurance. Borrower shall kcep the improvements now existing or hcrcafter erected 011 the Property insurl~d against loss by lIre, hazards included within the term "extended covcrage," and any other hazards including, hut not lilllited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained in the ,llllounts (including deductible levcls) and for the periods that Lcnder requires. What Lender requires pursuant to the preceding sentences ean change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower\ choice, which right shall not he cxercised ulll"easonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one~tillle charge tor flood zone detennination. eerti11cation and tracking serviccs; or (b) a one-timc charge f(Jr flood zone detel111ination and certification services and subseque:nt charges each time re:mappings or similar changes occur which reasonably might affect such dctellllination or certlfie:ltion. Borrower shall also be responsible: for the payme:nt of any fees imposed by the: Federal [':Illergency ManagelIlcnt Agency in eonneetion with the review of any flood zone detenniuation resulting frolIl an objection by Ihil'i'OWlT. I r Borrower filils to maintain any of the coverages described above, Lender may obtain inSUrilllCe cover;ige, at Lende:r's option and Borrower's expense. Lender is under no obligation to purchase ,lilY particular type or amount of c:overage. Therefore, such coverage shall cover Lender, but might or might not prote:et Borrower, Borrower's equity if] tile Property. or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage t[lan W<lS previously in cffc:et. Borrower acknowledges that the cost of the insurance coveragc so obtained might signifie::ll1lly excced the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 'i s1l;1I1 h,;eollle <Iddition,d debt of Borrower secured by this Security Instrurnent. These amounts shall bear interest at thc Note rate fmm tile date of disbursement and shall be payable, with such interest, upon notice from Lender to Borrower re:questing payment. All insurance policies required by Lender ami renewals of such policies shall bc subject to Lender's right to disapprove such policies, shall include a standard mOligage clause, and shall name Lender as mortgagee and/or as an ,Idditionalloss payee. Lender shall have the right to hold the policies and renewal certifIcates. If Lender requires, Borrower shall proillptly give: to Lendcr all receipts of paid premiums and renewal notices. If Borrower obtains any form of iI1S11riIllCC COVl:r:lgC. not otherwise reCJuired by Lender, for damage to, or destruction of; thc Property, sudl policy sh;dl include ;1 s(;llllLlrd mortgage clause and shall name Lender as mortgagee and/or as an additional loss payee. In the evcnt of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender Illay make proof or loss if not made prOlnptly 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 Property, if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair ;1I]d restonttio]1 pcriod, I.,endcr sha[1 h;lve the right to hold such insurance proceeds until Lender has had an opportunity to illspect sneh Pmperty to ensure the work has becn completed to Lender\ satisfaction, provided that such inspection shall be undcrtaken prolllptly. Lender may disburse proceeds I'()r the repairs and restoration in a single payment OJ' in a scrie:s of progress payments as thl~ work is completed. Unless an agreemcnt is made in writing or Applicable Law requircs interest to he paid on such insuranec proceeds, Lender shall not be required to pay Borrower any intercst or earnings on such proce:cds. Fccs For pub[ie adjustcrs, or other third pariies, retained by Borrower shall not be paid out of the insurance proceeds and shall be the soil' obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be: lessened, thc insurance procce:ds shall be applied to the sums secured by this Security Instrument, whether or not then duc, with thc execss, if any, paid to Borrower. Such insurance proceeds shall be applied in the ordcr provided f()r in Section 2. I f Borrowl~r abandons the Propeliy, Lcnder may fIle, negotiate: and settle any available insurance claim ;llld related In:lttlTS. If BOITO\Ver docs not respond within 30 days to a notice from Lender that the insurancc carrier has offc:red to settle a claim, thcn Lender may negotiate and settle the claim. The 30-day period will begin when the notice is giwn. [u either event, or if Lender aequircs the Property undcr Section 22 or othenvise, Borrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not to exceed the amounts unpaid undcr the Note or this Security InstrUlllenl, and (b) any other of Borrower\ rights (other than the right to any refund of unearned premiums paid by Borrower) unde:r ;111 loan No: 127317292 \I./".,,,,,,,Il....,, of Trll,!-.'iil1gle !'''I11i1y.Fallllh' MadFrl'Jdi<> Mal' V\'IFORM I!'\STRl.'\lEN'1 -. Till': C\l~II'I.I.-\i'<(:E S<)l']lCE, INC,- PUgl' (, of 13 Initials: ,\IERS \l"difil'd Form JII2X 111/111 IVWI\ [DI)\pliaIICl'S{\lIrcl.:.c;(HII J:lJUJ ~'F ONIOIJ IIIIIIIIIIIII!IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII!1II1I11 In (i)).()()(). TIll.: (".(\Jllpli:lIlCl.: \()111"l;1,~. [Ill"