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200805023 . Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obIlgallon 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 proceedings which In Lender's opinion operate to prevent the enforcement of the lien while those proceedings are pending, but only unUI such proceedings are concluded; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordlnaUng the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which can altaln priority over this Security Instrument, Lender may give Borrower a noUce Identitylng the lien. Within 10 days of the date on which that nollce is given, Borrower shaJl satisfy the Hen 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 tax verification and/or reporting service used by Lender In connection with this Loan. 5. Property Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the Property insured against loss by flre, hazards Included within the term "extended coverage," and any other 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 to 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 rtght shall not be exercised unreasonably. Lender may require Borrower to pay, in connection wilh this Loan, either: (a) a one-time charge for flood zone determinalloll, certification and tracking services; or (b) a one-time charge for flood zone determination and certification services and subsequent charges each time remapplngs 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 ofany flood zone determination resulUng from an objection by Borrower. If Borrower fails to maintain any of the coverages described above, Lender may obtain insurance coverage, at Lender's option and Borrower's expense. Lender ls under no obligation to purchase any particular type or amount of coverage. Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Borrower's eqully 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 insurance coverage so obtained might slgniflcantly exceed the cost of Insurance that Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall become additional debt of Borrower secured by this Sccurlly Instrument. These amounts shaH 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 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 mortgagee and/or as an additional loss payee. Lender shall have the right to hold the policies and renewal certiflcates. 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 clause and shall name Lender as mortgagee and/or as an addillonalloss payee. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss If not made promptly by Borrower, Unless Lender and Borrower otherwise agree in writing. any 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 economically feasible aud Lender's security Is not lessened. During such repair and restoration period, L~nder shall have the right to hold such Insurance proceeds unUl Lender has had an opportunity to Inspect such Property 10 ensure the 002005425058 V'2IUO": CJ &"'"'1...- .-SA(NE) I0407l.01 Pog" 6ort5 t'....... ~ Form 3028 1/01 @ CIIIMOr1ll~gc 3.2.15.13 V6