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200801215 Borrower shalt 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 10 Lender, but only so long as Borrower is performing such agreement; (b) contcsts the lien in good faith by, or defends against entorcement of rhe lien in, legal pro~edings which in Lender's opinjon operare to prevent the enforcement of the lien while those proceedings are pending, bur only until such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory TO tender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject lO a lien wl1icb can attain priority over this Security Instrumem, Lender may give Borrower a notice identifyhtg lh~ lien. Within 10 days of rhe (late on which that notice is given, BOrrower shall satisfy the lien or take one or more of the actions set fonh above in this Section 4. Lender may require Borrower to pay a One-time charge for a real e$tatc tax verification and/or reporting service used by Lender in cOIDleCllon with this Loan. 5. Property lusw-ance. Borrower shall keep [he improvements now exisring or hereafter erected on the Prupeny insured against loss by fire, hazards included within the tenn "extended covcrag~." and any other hazards including. but not limited to, earthqual!:es and floods, for which LendeJ;" requires insurance. This iJJ$\,Irance shall be maill.tained in the amounts (including deductible levels) and for the perioos that Lender requires. What Lender requires pursuant to the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by BOlW\Ver subject to Lender's right to disapprove Borrower's choice, which right shall not be exerci.sed unreasonably. Lender may require Borrower to pay, in connection With this Loan, eilher: (a) a one-time charge for flood lone determination, cenification and tracking services; or (b) a one-time charge for flood zone determination and cenification services and subsequent charges eacb time remappings or similar changes occur whicn reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency in cOnnection with the: review of any flood zone detenninarion resulting from an objection by Borrower. If Borrower fails to mamrain any or the coverages described above, lender may obtain inSurance coverllge, at Lender's Option and Borrower's e;l;pense. Lender i5 under no obligation to purchase any parricular type or amount of coverage. Therefore, such coverage shall COver Lender, but might or might not protect Borrower, Borrower's equity in the Property, or rhe contents of me Propeny, against any risk, hazard or liability and nligbt provide greater or lesser coverage than was previously in effect. Borrower aclc.nowledges that the cost of the insurance coverage so obtained might significantly exceed the COS[ of insurance rhar Borrower could have obtained. Any amOUnts disbursed by Lender under this Sectjon 5 shall become additional dcbt of Borrower secured by this Securiry Instrument. Tht$e amOunts shall bear interest at the Note rate from me date of disbursemenr and shall be payable, with such interest, upon notice from Lender to Borrower requesting payment. All insur1\IlGe policies required by Lender and renewals of such policies shaJJ be subject to Lender's right to disapprove such policies, $hall include a srandard mortgage clause. and shall name Lender as mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certificates. If Lender requires, Borrower shall promptly give to Lender all receipls of paid 'Premiums and renewa1llorice$. If Borrower obtains any form of insurance coverage, not othCIW~5e required by Lender, fOJ: dama~e to, or destIllction of. the Property, sucll PQ!i(,"y shalt includ.e a standard mor[gage clause and shall name Lender as mongagee and/or as an additional loss payee. In the event of loss, 'Borrower shall give prompt notice to me insurance Cc1frier and Lender_Lender may make proof of loss if nor made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds, whether or nOt [he underlying insurance was required by Lender, shall be applied to restoration or repair of the PropenYl if the restoration or repair is economically feasible ~d Lender's security is not lessened. DurinS suCh repair and resroration period, Lender shall have the righ[ ro hold such insurance proceeds until Lender ha..~ had an opportunity to inspect such Property to ensure the GCI;6INEI r0005J Inlllal9~ PaqeBm15 FQrm 3028 1/01 pi