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<br />200801439
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<br />Borrower shall promptly disCharge a:ay lien which has priority over this Security Instrument unless
<br />Borrower: (a) agrees in writing to the payment of \:be obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long as Borrower is perfomling such agreement; (b) contestS the lien in good faith
<br />by, or defends against enforcement of the lien in, legal ptoceed.in&s which in Lender's opinion opera.te to
<br />prevent the enforcement of the lien while tb.ose proceedinzs !U'e ~ding, but only untj} such proceeclings
<br />are conCluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender suboJ;"dinating
<br />the lien to this Security Instrument. If Lender determines that any pan of the Property is SUbject to a lien
<br />which can attain priority over this Security Instrument, Lender may give Borrower a notice identifying the
<br />lien. Within 10 days of the date On which that notice is given, Borrower shall satisfy the lien or ~ one or
<br />more of the actions set fonh above in this Section 4.
<br />Lender may require Borrower to pay a one.time charge tor a ~eaI estate tax verification and/or
<br />reporting: set'Vice used by Lender in COllDect,iOn with this Loan.
<br />S. Property Insurance. Borrower shall keep the improvements now existing or hereafter erecr<<j on
<br />the Property insured against loss by fU'e, hazards included withiQ the tenn "~tended coverage," and any
<br />other h~ds incb,lding. but not limited to. earthquakes ane! floods. for which. Lender requires ins\lrance.
<br />, is insurance shall be maintained. in the amounts (including deductible levels) ancl for tbe periods that
<br />~', . ' de! requires. What Lender requires pursuant to the prece:ding Slmtences can cI1auge during the term of
<br />~~~i""', tl:1e.~an. the ins'urance carrier providins the insurauce shall be ChOsen by Borrower subject to Lender's
<br />:~,~,.'.'.'\.',.,<:.c"..'~.'.'.'.."'; rf~~ to .,.,disapprove Borro~er's cbOic:e, W~ithchth":ghLotSha11 ~thot be(ex) erci$ed ~reasocharnabl~. l.enfloodder may
<br />-' " req re narrower to pay, it/. Connection Wl 1$ an, el 14: a a One-tune ge lor ZOne
<br />;t"y:",'./ de rmi~atio~, cenifi<:ation and tracking services; or (b). a one-time. charge f?r .floOd zone detennina~on
<br />~;/.;, ,<, d cemficanon SexYlceS and subsequent charges each tIme remappmgs or similar changes occur which
<br />'all p;,;.'%;,.... reasonably might affect such detCIlDination or cettificati01:l. Bot'tO)N"er shall also be responsible for the
<br />~'" payment of lIly fees imposed by the Pederal EIntlrgency Management Agency in connection with the
<br />review of any flood zone detcrmiD.ation resulting from an objection by Bonower.
<br />If Borrower fails to mail'1tain any of the coverages desc/::ibed above, Lw-der may obtai,Q insurance
<br />coverage, at Lender's option and Borrower's expense. Lender is Ul;\der Co obligation to purch3s1! any
<br />particular type or amount of coverage. The<<lfore. S'UCh coverage shall cov~ Lendet, but might or DJ.ight
<br />not protect BOITower, Borrower's ~uity in the Property, Or the COntents of the Property, against any risk,
<br />hazard or liability and itUght provide greater or lesser coverage than was previously in effect. Borrower
<br />acknowledges that the cost of the iD$\lx-;wcc coverage so obtained might significantly exceed the cost of
<br />insurance that Borrower could. have obtained.. Any amounts diSbursed by LQnder under this Section 5 shall
<br />become additional cIebt of Borrower secured by this Security ~. These amowts shall bear interest
<br />at the Note rate from the date of disbursement and shall be payable, with such interest, upon notice from
<br />LendeJ;" to BO:(J;Qwer requesting payment.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />tight to disapprove such policies, shall include ~ standatcl mongage clause, and Shall name Lender as
<br />mongagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal
<br />certificates. If Lender requires. Borrower shall promptly give ro Lender all receipts of paid premiums and
<br />renewal notices. If Borrowe.r obtains any fOIm of D"surance coverage, not otherwise required by Lender,
<br />for damage to, Or destruction of. the Property, $uch policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/or as an adClitionalloss payee.
<br />In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. l.etJ.der
<br />may make proof of loss if not made promptly by Borrower. Unle5s Lender and Borrower OtherwiSll ~ree
<br />in writing, any insurance proceeds, whether Or not the under1yin,g insm-ance was required by Lender, shall
<br />be applied to restoratioI1 or repair of the Propeny, if the resmration or repair is cconomic.a1ly feasible and
<br />Lender's security is not lessened. During such repair and restor8l:ion period, Le11der shall have the right to
<br />hold such insurance proceeds until Lender has had an opponullity to inspect sueb Property to ensure the
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<br />_~(i(NE) (0005)
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<br />...:1/~~aIS' ~ ;(.".t(
<br />~a $ et 11;' ;,.
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<br />Form 302a 1/01
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