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<br />200707443
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<br />Burrower shall promptly discharge any lien which has priority over this Security Instrunwnt unless
<br />Borrower: (a) agrees in writing to the paYITlent of the obligation sr~cured by the lien in a manner acceptable
<br />to Lender, but only so long as Borrower is performing such agreement; (b) contests the lien in good faith
<br />by, or defends against enforcement of the lien in, legal proceedings which in Lender's opinion operate to
<br />prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings
<br />are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Instrument. If] ,ender determines that any part of the Property is subject to a lien
<br />which can altain priority over this Security Instrument, Lender may give Borrower a nolice identifying lhe
<br />lien. Within 10 days of the date on which that nolice is given, Borrower shall s<ltisfy III(' lien ur take 011(' ur
<br />iIlure of the actions set forth above in this Section II.
<br />Lender may require Borrower to pay a one-lime charge for a real estate tax verilication and/or
<br />reporting service used by Lender in connection with this Loan.
<br />5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on
<br />the Property insured against loss by fire, hazards included within the term "extended coverage," and aHY
<br />otlu:r hazards including, but not limited to, earthquakes and floods, for which I ,ender requin~s insurancr'.
<br />This insurance shall be maintained in the amounts (including deductible levels) and for the periods that
<br />! ,('Illkr requires. What Lender requires pursuant to the preceding sentences can change during the term of
<br />the Loan. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lendl'r's
<br />right to disapprove Borrower's choice, which right shall not be exercised unrcasonably. Lcnder may
<br />require Borrower to pay, in connection with this Loan, either: (a) a one. time charge for flood '/OIl('
<br />determination, certification and tracking services; or (b) a one-tiIne charge for flood zone determination
<br />and certilkation serviccs and subsequent charges each time remappings or similar changes occur which
<br />reasonably might affect such detennination or certil1cation. Borrower shall also be responsible for (he
<br />paymcnt of any fees irnposed by the Fedcral Emergency Management Agency in connection with thc
<br />re,,'iew of any flood zonc determination resulting from an objection by Borrower.
<br />rf Borrower fails to maintain any of the coverages described abovc, Lcndr'r may obtain insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is ull(kr rlo obligation to plll'chase any
<br />particular type or amount of coverage. Thereforc, such coverage shall cover Lender, but might or might
<br />not protect Borrower, Borrower's equity ill the Property, or the contents of the Property, against any risk,
<br />haz;ml or Ihlbility and might provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of
<br />inSllr;\n(:(' that Borrower could have ohtained. Any amounts disburscd by Lender umler this Section J shall
<br />heUlllle additional debt of Borrower secured by this Security Instrllment. These amounts shall bear interest
<br />at the NI!te rate frorn the date of disbursement and shall be payable. with such interest, npon llot,ice frnnl
<br />l,ender [0 Borrower requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />right to disapprove such policies, shall include a standard mortgage clause, and shall nanl(' Lender as
<br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold Ill(' policies and renewal
<br />certificates. If Lender requires, Borrower shall promptly give to Lemler all rece.ipts of paid premiul1ls and
<br />reuewal notices, If Borrower obtains any form of insurance coverage, not, otherwise required by Lemler,
<br />fUl dalllagr' [0, or destruction of, the Property, such policy shall inc1udl' a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an addHionalloss payee.
<br />In the event of loss, Borrower shall give prompt notice to the insurance carrier and I,ender. I,ender
<br />ITray make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing, any insurance proceeds. whether or not the underlying insurance was required by Lender, shall
<br />be applied to restoration or repair of tll(' Property, if the restoration or repair is eU)Jlomically feasiblr' <lIld
<br />Lendl'r's security is not lessened. During such repair and restoration period, Lender shall have tIll' right to
<br />hold stich insm<lllCe proceeds until LI'llller has had an opportunity to inspect such I'rnpcrty to l'nStllT th('
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<br />002004634292
<br />~ -6A(NE) (0401)01
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<br />In;"OIs:a- L
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<br />Form 3028 1/01
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<br />PWJe 6 of 1!J
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<br />CitiMOl'Igage :U.II.01 VII
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