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<br />200806925
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<br />Borrower shall promptly discharge any lien which has priority over this Security Instrumenr unless
<br />Borrower: (it) 'agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />to Lender, but only so long as Borroweris perfonning such agreement; (b) contests the lien in good faith
<br />by, or defends against enforcentent of the lien in, leglil, proceedings which in Lender's opinion operate' to
<br />prevent the enforcemtmt of the lien while those proceedings arepeliding, but only \lntil such proceedings
<br />are concluded; or (c) secutes from the holder Of tbe lien an agreement satisfactory to Lender subordinaring
<br />,the lien toth!!; ,Security 111strumeIit. If Lender detennilles that any part of the Property is subject to a lien
<br />which can,altain 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 Hen or take one or
<br />more of the actions set forth above in this Section 4.
<br />Lender may require Borrower to pay a one-time charge for a real estate tax verification and/or
<br />reporting service used by Lender in connection with this Loan.
<br />, . 5. Property lnsurallce,' Borro~er shall keep the improvements noweJlistihg or hereafter erected on
<br />the property insured against loss byfire,batatdsinClud~ ,\vitbin thetenn"extended coverage." and any
<br />other hazards including, but not limited to,earthquakes', and floods. for which Lender requires insurance.
<br />Thisin$urance shall be Illaintail1ed in thearriounts (including deductible levelS) aM for, the periodS that
<br />Lender requires. what Lender requirespl1i:SiJ.!Ult to the pre,ceditJ,g sentehces cab. change during the tehn of
<br />the Loan. Th~ insurance carrier prOviding the 'insurance shall be chosen by BorrOwer subject to Lender's
<br />fight to disapprove BorroWer's choice. which right shall not be, exercised unreasonably. Lellderinay
<br />require BOfrower to pay. incolmectioti with this Loan, either: (a) a one.time charge for flood ione
<br />detenninatiQn~ certification lllld tracking services; or (b) a one~time charge for flood zone determination
<br />and certification services and subsequent charges each time remappings or similar changes pccur wbich
<br />reasonably might affect such determination 'or certification. Borrower shall also be responsible for the
<br />payment of anY fees imposed by the Federal Emergency Management Agency in connection with the
<br />review of anytlood zone determination resulting from an objection by Borrower.
<br />If Borrower fails to: maintain any of the coverages described above, Lender may obtain insurance.
<br />coverage, at l,ender's option and Borrower's expense. Lender is tinder no obligation to purchase any
<br />partiCular type ot amouiit of coverage:, Therefore, such covetage shall cover Lender, but might or might
<br />not protect BO,hower, BOI~rower's equity in the Property. ot the contents of the Property, against any risk,
<br />hazard or liability and might provide greater or lesser ,coverage than was previously in effect. Borrower
<br />,aCknoWledges: that the cost o'f the insurance coverage so obtained might significantly exceed the cost of
<br />insurance that .Borrower could have obtained. Any amounts disbursed by Lender under this Section 5 shall
<br />become additional debt o(Bo!row~r secured by this Security Instrument. These amounts shall bear interest
<br />at the Note rate from the date of disburse met It andshaU be payable, whb such interest, upon notiCe from
<br />Lel1d~r to Borrowerreque~ting payment,.
<br />All insurance policies required by Lender and renewals of such policies shall be subject to Lender's
<br />right to disapprove such :policies, shalJinclude a standard mortgage clause, arid shall name Lender as
<br />mortgagee and/or as an additional loss payee. Lender shall have the right to hold ,the policies and renewal
<br />celtificates. If Lender requires, BorroWer shall promptly give to Lender all receiprs of paid premiums and
<br />rencwal notices. If Borrower: obtains aflY form of insurance coverage, not otherwise required by Lender,
<br />for damage to~ or destruction of, the Property. such policy shall include a standard mortgage clause and
<br />shall name Lender as mortgagee and/ot as an ~dditionalloss payee.
<br />In thc event of loss. 'Borrower shall give prompt notice to the insurance carrier and Lender. Lender
<br />(Jlay make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree
<br />in writing. any insurance proyeecis, whether or not the underlying insutance was requ.ired by Lender, shall
<br />be applied to restoration cir repair of the. Property. if the restOration or repair is economically feasible and
<br />.Lcnder's security is notlesscned. During such repair and restoration period. Lender shall have the right to
<br />hold such insurance proceeds until Lendcr has had an opportunity to inspect s\.tc\1 Property to ensure tbe
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<br />~ 0110283305
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<br />~Q Form3028 1/01
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<br />.-6INEII04071.02
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<br />Pog. 6 01 16
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