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200708697 Borrower shall prompdy discharge any lien which has priority over this Security Instrument lllI1ess 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 as Borrower is performing such agreement; (b) contests the lien in good faith by, or defends against enforcement of the lien in, legal pnv-."..J"'v 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 (0) secures from the holder of the lien an agreement satisfactory to Lender wbordioating the lien to this Security I:nstroment:. 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 tab 0110 or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a ono-tiJne charge for a real estate tax verification and/or reporting service used by Lender in connection with this Loan. S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against 1088 by fire, hazards included within the tenn -extended coverage, - and any other hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be mll;ntll;nAC! 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 insurance canier providing the insurance sba11 be chosen by Boaower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may require Borrower to pay, in connection with this Loan, either: (a) a one-time charge for flood ZOllO determination, certification and tracking services; or (b) a one-time charge for flood zone determination and certiflC8Uon services and subsequent charges each time remappings or similar cbaDges occur wbic.h reasonably might affect such determination or certification. Borrower shall also be respons.ible for the payment of any fees imposed by the Federal Emergency Managemlmt Agency in connection with the review of any flood zone determination resulting from an objection by Borrower. If Borrower fails to maintain any of the roveDges described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender is under :no obligation to purchase any particular type or amount of coverage. Therefore, such CQV0I8ge shall cover Lender. 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 acknowledges that the cost of the insuranco coverage 80 obtained might significantly exceed the cost of insutance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured 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 paynwnt. 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 sball name Lender as JDOItgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender :requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fmm of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and shall name Lender as mortgagee and/or as an additional 1088 payee. In the event of loss, Borrower: sball give prompt notice to the insurance carrier and Lender. Lender may make proof of 1088 if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or not the underlying ins'utIlnce was requked by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economk:a11y feasible and Lender's security is not lessened. Doring such repair and restoration period, Lender sball have the right to hold ..... ........... prooeeda unlil Lender hu had an opp<UIUDUy to ~ ~_ to ...... .... _6lNEllgOO&1 "-\10 II of 1& Form 3028 1/0'