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RE-RECORDED 200804894 200708844 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 manner acceptable to Lender, but only so long as Borrower is performing such agreement; (b) eonteS18 the lien in good faith by, or defends against enforcement of the lien In, legal proceedings which in Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only until such proceedings arc concluded; or (c) secures from tr.e holder of the lien an agreement slltisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property Is subject to a lien which eun altain priorily over this Security Instrument, Lender may give Borrower a notice identifying the lien. Within 10 days of the date on which that nOLice is given, Borrower shall satisfy 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 for a real estate tal( verification and/or reporting service used by Lender in connection with this Loan. 5. Pl"Operty Insurance. Borrower shall keep the improvements now existing or hereafter erected on Lhe Property insured against loss by fire, hazards included within the term "extended CClverage," and any olher hazards including, but not limited to, earthquakes and floods, for which Lender requires insurance. This insurance shall be maintained In the amounts (Including deductible levels) and for the periods that Lender requires. What Lender requires pursuant 10 the preceding sentences can change during the term of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower 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 zone dtttrmination, certification and tracking services; or (b) a one-time charge for flood ZOne determination and certification services and subsequent charges each time remappings or similar changes occur which 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 determinalion resulting from an objeclion by Dorrower. If Borrower falls to maintain any of the coverages described above, Lender may obtain insurance covcrage, at Lender's option and Borrower's expense. Lender is under no ohligalion to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's equity in the Properly, or the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was previously in effecl. Borrower acknowledges thaI the cost of the insurance coverage so obtained might significantly exceed the cost of insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Seclion 5 shall become additional debt of Borrower secured by this Security Instrument. These amounts shull bear interest a: ihe Note rate from the date of disburse men I and shall be payable, with su.;h interest, UPOll llollce from Leuder to Borrower requesting payment. All insurance policies required by Lender and renewals of such policies shall be subject to Lendcr's right to disapprove such pollcles, shall include a standard mortgage clause, and shall name Lender as mortgagee lind/or as an additional loss payee. Lender shall have the right to hold the policies and renewal cerlifieates. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. If Borrower obtains any form of insurance coverage, not otherwise required by Lender, for damage to, or destruction of, the Property, such policy shall include a standard mortgage elause and shall name Lender as mortgagee and/or as an additional lOBS payee. in the event of loss, Borrower sholl give prompt notice to the insurance carrier and Lender. Lender muy make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, /lny insurance proceeds, whether or not the underlying insurance was required by Lender, shall be applied to restoration or repair of the Property, if the restoration or repair is economicaIly feasible and Lender's security is not lessened. During :;uch repair and restoralion period, Lender shall have the righllo hold such insurance proceeds until Lender has had an opportunity to inspect such Property to ensure the 1Gi-OAINEII04011.01 PogefJolll5 1^ltI.,,~ Form 3028 1/01