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200802938 Borrower shall 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 maDnCI acceptable to Lender, but only so 10118 as Borrower is perfOImUlg such ~t; (b) cODtestS the lien in good faith by. or defends against enforcement of the lien il1. lelal proceedings which :U1 Lender's opinion operate lO pre'lcnt the enfoTcement of the lien Wbile those proceedings are pending. but only until such proceedings aTe concluded; or (e) secures from we boldeT of the lien an agreement satisfactory to Lender subordinating the lien to this security l11StI\1II1.ent. If Lender determines that any part of the propeny is subject to a lien which ean 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 iatisfy the lien or take one or more of the actions set forth above in this Section 4. Lender may require Borrower to pay a one-time charge {or a real estate tax verification and/or reporting service used by LeJld.er in connection with this Loan. S. Property Insul'lUlce. Borrower shall keep the improvements DOW e)(isting or hereafter erected on the Property insured against loss by fire. hazards included within the terlJ\ -extended coverage. - and any other hazards IDClUWnl1 but not limited to. earthquakes and floods, for which Lender roquires insurance. This insurance shall be maintained in the amounts (includins 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 il15uraD.ce carrier pTOviWnI the insurance shall be chosen by Borrower subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. leP<1er may require BOlTOwer to pay, in eonnection with this Loan, either: (a) a one-time charie for flood zone determination. eertification and trackiD, services; or (b) a one-time chaTgc for flood zone determination and certification services and subsequent cbarges each time remappings or similar changes OCCUT which reasonably might affect such determination or certification. Borrower shall also be responsible for the payment of any fees imposed by the Federal EmeTgency Management A.gency in tOlU1CCtion with the review of any flood zone detennination resulting from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at l..ender's option and Borrower's expense. Lender is under DO Obligation to purchase any particular type or amount of coverage. Therefore. such coverage shall cover Lender. but !Diebt or might 110t protect Borrower. Borrower's equity in the Property, or the contents of the Property, against any risk. huard or liability and might provide greater or lesser coverage than was previously in effect. BOITOWCT acknowledges that the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that BOlTOwer could have obtained. AI1y lIII10unts disbursed by I..ender under this Section S shall become additional debt of Borrower secured. by this Security InstnmlCnt. 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 JIorrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lender's right to disapprove such policies. shall include a standard mortgage clause, and shall name Lender as monpgee and/or as an additiona!loss payee. Lender shall have the right to hold the policies and renewal certificarcs. If Lender requires, Borrower shall promptly give to Lender all receipts of pail! PrenDun1S and renewal notices. If Borrower obtains any toIDl of insurancc coverage, not otherwise required by Lender. for damage to, or destIUction ot, the Property, such policy shall include a standard mongqe clause and shall name Lender as mortgagee and/or as an additional loss payee. In the event of loss. Borrower shall Jive prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by BorroweT. Unless Lender and Borrower otherwise agrcc in writing, any insurance proceeds. whether or not the underlying insurance was required by Lender, shall be applied to restoration OT repair of the Property, if the restoration or repair is ecoDoJllically feaSible and Lender's security is not lessened. Durine such repair llDd rest01'llIion period, Lender shall ha'le the right to hold such insurance proceeds until Lender bas had an opponuDity to inspect such Property to ensure the Pao.eo' 15 lMi",", "'{T.MR -+J<< 0110280022 4It-8\NI) (0407).01 Fa"" 3028 1/01